Billionaire Investor Retreats From Retail, Exits Alibaba Entirely, Cuts Amazon Stake 10%
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).
Benzinga ·