Daniel Loeb's Third Point amasses new stakes in Alphabet, Micron, AMD, Alibaba
Larry Busacca

Third Point, the hedge fund founded by Daniel Loeb nearly 30 years ago, took new positions in Alphabet (NASDAQ:GOOGL) (4.75M shares), Alibaba group Holdings (NYSE:BABA) (1.33M shares), Advanced Micro Devices (NASDAQ:AMD) (1M shares), Micron Technology, Inc. (NASDAQ:MU) (1.20M shares), and Salesforce, Inc. (NYSE:CRM) (800K shares) during the first quarter of 2023, according to an SEC filing dated Monday.

Meanwhile, the firm exited its positions in SentinelOne, Inc. (NYSE:S), Fidelity National Information Services, Inc. (NYSE:FIS) and Walt Disney Co. (NYSE:DIS).
Stakes were boosted in Dupont De Nemours, Inc. (NYSE:DD) to 4M shares from 3M, and Hertz Global Holdings, Inc. (NASDAQ:HTZ) to 6.35M shares from 5.35M.
Earlier, Bill Ackman's Pershing Square also disclosed a fresh stake in Alphabet.