Dan Loeb's Third Point wagers on Nvidia, Amazon, Uber with new positions
Third Point also boosted AMD, Alibaba stakes in the second quarter
Dan Loeb's Third Point LLC built new positions in Uber Technologies Inc., Amazon.com Inc. and Nvidia Corp. during the latest quarter.
Third Point LLC acquired 2.78 million shares of Uber $(UBER)$ during the second quarter, while purchasing 4.1 million shares of Amazon $(AMZN)$ and scooping up 500,000 shares of Nvidia $(NVDA)$, according to a Monday afternoon 13-F filing with the Securities and Exchange Commission.
All three were new positions for Third Point relative to the first quarter. The Uber stake was worth $120 million based on closing levels as of the end of the second quarter, while the Amazon position was worth $535 million then and the Nvidia position was worth $212 million.
Loeb's entity also built fresh positions in Fidelity National Information Services Inc. $(FIS)$, with the purchase of 300,000 shares, as well as Taiwan Semiconductor Manufacturing Co. Ltd., with the purchase of 2.45 million shares. The FIS position was worth $16.4 million as of the end of the second quarter, while the TSMC stake was worth $247 million.
The filing showed that Third Point added a position in Activision Blizzard Inc. (ATVI) amounting to 1.65 million shares as of the end of the second quarter. That was worth $139.1 million by the period's end.
Third Point boosted its holdings of Advanced Micro Devices Inc. $(AMD)$ by 20% to 1.2 million shares, which were worth $136.7 million as of the quarter's end. Loeb's investment company also increased its Alibaba Group Holding Ltd. $(09988)$ position by 122% to 2.95 million shares that were worth $245.9 million as of the end of the period.
Third Point held 1.52 million Microsoft Corp. shares $(MSFT)$ worth $517.6 million as of the end of the second quarter, with its share position up 45%. It boosted its Micron $(MU)$ position by 29% to 1.55 million shares that were worth $97.6 million.