Latest news with #ThirdPoint
Bloomberg
a day ago
- Business
- Bloomberg
Third Point, Arb Funds Reap Big Gains as US Steel Bet Pays Out
US hedge funds including Third Point LLC and Pentwater Capital Management are reaping a windfall from bets that political noise wouldn't keep United States Steel Corp. from completing its $14.1 billion deal with its Japanese suitor. Nippon Steel Corp.'s controversial acquisition closed on Wednesday, ending an 18-month saga that divided the US steel industry and became a flash point in American politics. The deal was clinched as US President Donald Trump shifted his views on the foreign transaction after Nippon Steel offered further commitments and investments in the Pittsburgh-based steelmaker.
Bloomberg
3 days ago
- Business
- Bloomberg
London Didn't Relax Its Governance Rules for Dan Loeb's Benefit
Last year's relaxation of the UK listing regime left investors more reliant on company boards to protect them from dominant shareholders. That safety mechanism is now being tested at the London-listed investment vehicle of hedge fund manager Dan Loeb. Third Point Investors Ltd. (TPIL) invests shareholder capital in the main strategy of Loeb's US-based hedge fund Third Point LLC. The idea is that UK investors get access to Loeb's expertise, with the daily liquidity of a tradable stock. But like other 'closed-end funds,' TPIL trades at a discount to its net asset value. The gap's recently been around 20%.
Globe and Mail
10-06-2025
- Automotive
- Globe and Mail
Billionaire Dan Loeb Just Sold Meta and Tesla Stocks and Piled Into This Hot AI Stock Up 1,500% Over the Past 5 Years
The S&P 500 climbed back out of its year-to-date declines and is finally showing gains, up 2% so far this year. The future is uncertain, especially concerning tariffs, and investors are wary. But that doesn't mean investors are taking a break. Stocks continue to go up and down, with plenty of market beaters and plenty of market laggards; the S&P 500 is an average, after all, and some investors have pretty heated, and often opposing, views on different stocks. Take Tesla (NASDAQ: TSLA), for example. The Elon Musk-led electric vehicle (EV) powerhouse has certainly minted some millionaires, but it's facing increasing competition, among other issues, and it's down 27% this year -- including a double-digit loss on Thursday after CEO Elon Musk and President Donald Trump publicly sparred over social media. Nvidia (NASDAQ: NVDA) is also a polarizing stock, with the bulls and the bears split on just how big the company's future opportunity really is. At least one billionaire investor has made his current opinion clear. Hedge fund Third Point, run by billionaire Dan Loeb, has about 45 equity positions. In the first quarter, Third Point sold all of its Tesla and Meta Platforms (NASDAQ: META) stock, and it bought 1.45 million shares of Nvidia stock, worth $157 million, in addition to some other trades. Let's see what investors are thinking about these stocks today. Out of Tesla The Third Point hedge fund is described as an "opportunistic, event-driven approach to finding investments." While its portfolio typically only has around 45 stocks, they change frequently. That strategy will influence how it invests, and as with hedge funds in general, it has different goals than the average individual investor who isn't investing billions of dollars. The fund first bought Tesla stock in the 2024 third quarter and increased its stake in the fourth quarter, finally dumping it all in the 2025 first quarter. It's not hard to see why investors are worried about Tesla stock right now. The U.S. EV company has tons of new competition, and automotive revenue sank 20% from last year in the first quarter, triggering a 9% decrease in total revenue. Its new robotaxi initiative, which investors are counting on to breathe new life back into the company, may not be the savior the company needs to rebound. There are already other self-driving cars on the road or in the works, and it may take time until the technology is robust enough to be a real revenue booster. In addition, Tesla took a black eye when Musk was working as a special temporary federal employee and became one of Trump's closest and most controversial advisors. Musk has left the Department of Government Efficiency (DOGE) to return his focus on his businesses as Tesla saw deliveries and profits slump in the first quarter. But now that Musk is publicly sparring with Trump -- and the president is threatening to pull federal contracts from Musk's busineses -- Tesla stock is slumping yet again. Tesla stock is far from cheap, trading at 164 times trailing-12-month earnings. Tesla stock is up around 68% from the time Third Point bough it, and given its strategy, it looks like it could be a good time to pocket its winnings. Out of Meta Meta is the leader in social media and digital advertising, two growing industries. Digital advertising continues to replace print ads, and as a low-cost business, Meta is leveraging its unparalleled platforms to generate high profits. Revenue increased 16% year over year in the first quarter, and net income increased 35%. It has a superlative operating margin that was 41% in the first quarter. Meta stock isn't quite as polarizing as Tesla or Nvidia, with investors (fairly) uniformly seeing it as a good long-term play. It's up 18% in 2025, beating out the rest of the "Magnificent Seven" stocks. Third Point bought Meta stock in the 2023 third quarter, and it's up 132% since then. Although Meta is beating the market this year and still has massive opportunities, Loeb and his team might see this as a good time to take their earnings, especially if they were looking for capital to invest in other stocks being driven by current events, like Nvidia. Into Nvidia While Third Point made solid money from its investments in Meta and Tesla, it missed out on the massive gains in Nvidia stock, which is up 1,500% over the past five years. Clearly, Loeb thinks that's far from over, and with Nvidia stock down earlier this year and trading at a bargain price, it looked ripe for the picking. Nvidia stock plummeted in February when news came out about China's cheap DeepSeek artificial intelligence (AI) platform, but Nvidia maintained that it was good news for the entire AI industry, and that its best-in-class chips were only going to be in even greater demand. With two excellent earnings reports since then behind it, the market is reembracing the AI powerhouse. Revenue increased 69% year over year in the 2026 fiscal first quarter (ended April 27), and demand is strong for its newest Blackwell AI technology. It's a real feat to keep reporting such high growth when it already has $148 billion in trailing-12-month revenue, and it's also incredibly profitable, with $78 billion in trailing-12-month income and a 52% profit margin. As the unmatched leader in the industry, with constant innovation, Nvidia has massive opportunities up ahead as generative AI becomes a part of daily life and companies need its chips to deliver. As the cherry on top, Nvidia stock trades at only 25 times forward, one-year earnings. It's easy to see why Loeb thinks it's a good time to buy Nvidia today, and he grabbed it on a dip. Investors can still find value in buying Nvidia stock at the current price. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor 's total average return is792% — a market-crushing outperformance compared to173%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025
Yahoo
10-06-2025
- Business
- Yahoo
Billionaire Dan Loeb Just Sold Meta and Tesla Stocks and Piled Into This Hot AI Stock Up 1,500% Over the Past 5 Years
Tesla stock is highly volatile and some investors are worried about competition. Meta Platforms is the leader in social media and digital advertising, and both industries are in growth mode. Nvidia continues to report stellar growth and rising profits. 10 stocks we like better than Nvidia › The S&P 500 climbed back out of its year-to-date declines and is finally showing gains, up 2% so far this year. The future is uncertain, especially concerning tariffs, and investors are wary. But that doesn't mean investors are taking a break. Stocks continue to go up and down, with plenty of market beaters and plenty of market laggards; the S&P 500 is an average, after all, and some investors have pretty heated, and often opposing, views on different stocks. Take Tesla (NASDAQ: TSLA), for example. The Elon Musk-led electric vehicle (EV) powerhouse has certainly minted some millionaires, but it's facing increasing competition, among other issues, and it's down 27% this year -- including a double-digit loss on Thursday after CEO Elon Musk and President Donald Trump publicly sparred over social media. Nvidia (NASDAQ: NVDA) is also a polarizing stock, with the bulls and the bears split on just how big the company's future opportunity really is. At least one billionaire investor has made his current opinion clear. Hedge fund Third Point, run by billionaire Dan Loeb, has about 45 equity positions. In the first quarter, Third Point sold all of its Tesla and Meta Platforms (NASDAQ: META) stock, and it bought 1.45 million shares of Nvidia stock, worth $157 million, in addition to some other trades. Let's see what investors are thinking about these stocks today. The Third Point hedge fund is described as an "opportunistic, event-driven approach to finding investments." While its portfolio typically only has around 45 stocks, they change frequently. That strategy will influence how it invests, and as with hedge funds in general, it has different goals than the average individual investor who isn't investing billions of dollars. The fund first bought Tesla stock in the 2024 third quarter and increased its stake in the fourth quarter, finally dumping it all in the 2025 first quarter. It's not hard to see why investors are worried about Tesla stock right now. The U.S. EV company has tons of new competition, and automotive revenue sank 20% from last year in the first quarter, triggering a 9% decrease in total revenue. Its new robotaxi initiative, which investors are counting on to breathe new life back into the company, may not be the savior the company needs to rebound. There are already other self-driving cars on the road or in the works, and it may take time until the technology is robust enough to be a real revenue booster. In addition, Tesla took a black eye when Musk was working as a special temporary federal employee and became one of Trump's closest and most controversial advisors. Musk has left the Department of Government Efficiency (DOGE) to return his focus on his businesses as Tesla saw deliveries and profits slump in the first quarter. But now that Musk is publicly sparring with Trump -- and the president is threatening to pull federal contracts from Musk's busineses -- Tesla stock is slumping yet again. Tesla stock is far from cheap, trading at 164 times trailing-12-month earnings. Tesla stock is up around 68% from the time Third Point bough it, and given its strategy, it looks like it could be a good time to pocket its winnings. Meta is the leader in social media and digital advertising, two growing industries. Digital advertising continues to replace print ads, and as a low-cost business, Meta is leveraging its unparalleled platforms to generate high profits. Revenue increased 16% year over year in the first quarter, and net income increased 35%. It has a superlative operating margin that was 41% in the first quarter. Meta stock isn't quite as polarizing as Tesla or Nvidia, with investors (fairly) uniformly seeing it as a good long-term play. It's up 18% in 2025, beating out the rest of the "Magnificent Seven" stocks. Third Point bought Meta stock in the 2023 third quarter, and it's up 132% since then. Although Meta is beating the market this year and still has massive opportunities, Loeb and his team might see this as a good time to take their earnings, especially if they were looking for capital to invest in other stocks being driven by current events, like Nvidia. While Third Point made solid money from its investments in Meta and Tesla, it missed out on the massive gains in Nvidia stock, which is up 1,500% over the past five years. Clearly, Loeb thinks that's far from over, and with Nvidia stock down earlier this year and trading at a bargain price, it looked ripe for the picking. Nvidia stock plummeted in February when news came out about China's cheap DeepSeek artificial intelligence (AI) platform, but Nvidia maintained that it was good news for the entire AI industry, and that its best-in-class chips were only going to be in even greater demand. With two excellent earnings reports since then behind it, the market is reembracing the AI powerhouse. Revenue increased 69% year over year in the 2026 fiscal first quarter (ended April 27), and demand is strong for its newest Blackwell AI technology. It's a real feat to keep reporting such high growth when it already has $148 billion in trailing-12-month revenue, and it's also incredibly profitable, with $78 billion in trailing-12-month income and a 52% profit margin. As the unmatched leader in the industry, with constant innovation, Nvidia has massive opportunities up ahead as generative AI becomes a part of daily life and companies need its chips to deliver. As the cherry on top, Nvidia stock trades at only 25 times forward, one-year earnings. It's easy to see why Loeb thinks it's a good time to buy Nvidia today, and he grabbed it on a dip. Investors can still find value in buying Nvidia stock at the current price. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 173% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Jennifer Saibil has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Meta Platforms, Nvidia, and Tesla. The Motley Fool has a disclosure policy. Billionaire Dan Loeb Just Sold Meta and Tesla Stocks and Piled Into This Hot AI Stock Up 1,500% Over the Past 5 Years was originally published by The Motley Fool
Bloomberg
05-06-2025
- Business
- Bloomberg
Germany's N26 Weighs New Funding Round That Allows Partial Exit
German digital bank N26 is considering a new funding round at a reduced valuation that could allow some of its existing investors including Coatue Management, Third Point and Dragoneer Investment to recoup part of their investment, people familiar with the matter said. The Series F funding round being contemplated by N26 would let the existing investors sell part of their stakes, according to the people. N26 has been discussing a structure that would allow them to roll over some of their holdings into the new round at a lower valuation, meaning they wouldn't get the 25% guaranteed return promised at their initial investment, the people said.
