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Benzinga
Benzinga
Business
Lekha Gupta

Billionaire Investor Retreats From Retail, Exits Alibaba Entirely, Cuts Amazon Stake 10%

Amazon BABA Alibaba Amazon.com Inc. Com Alibaba Group INC NYSE Third Point Third Point LLC
Amazon

Activist investor Dan Loeb‘s Third Point LLC pared back its exposure to the broadline retail sector in the first quarter of 2026, cutting its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 10% and fully exiting its position in Alibaba Group (NYSE:BABA).

According to the firm’s Q1 13F filing, reflecting its holdings as of March 31, 2026, Third Point trimmed its Amazon holding to 1.94 million shares from 2.17 million, a reduction of 225,000 shares, while selling its entire Alibaba stake of 825,000 shares.

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