Billionaire hedge fund manager Dan Loeb has built a strong track record at Third Point since he founded the activist fund in 1995, combining opportunistic investing with shareholder activism. Loeb's style is often defined by big bets on fast-growing companies and a readiness to overhaul holdings from one quarter to the next. You could see that clearly in the first quarter of 2025, when Loeb exited Tesla (TSLA) entirely after holding it for just two quarters and shifted into Nvidia (NVDA) instead. Third Point ended Q1 2025 with $6.55 billion spread across 45 stocks, reinforcing Loeb’s status as one of Wall Street’s most closely followed money managers.
By Q4 2025, Loeb was on the move again. Third Point’s latest 13F filing with the U.S. Securities and Exchange Commission (SEC) shows three new positions that point to a tilt toward consumer and international exposure: Chipotle Mexican Grill (CMG), Spotify (SPOT), and Alibaba (BABA). According to the filing, Third Point bought 4.73 million shares of Chipotle, 100,000 shares of Spotify, and 825,000 shares of Alibaba during the quarter. Importantly, each purchase came during a tough stretch for the stocks. Chipotle fell more than 5% in Q4, Spotify dropped more than 16%, and Alibaba continued to deal with macroeconomic pressure in China.
