Dan Loeb's Third Point takes new stake in IFF, pares holding in SentinelOne
MattZ90


Dan Loeb's Third Point LLC confirmed its new stake in American International Group (NYSE:AIG) with 5.1M shares and bulked up on its stake in Bath & Body Works (NYSE:BBWI), increasing it to ~13.8M shares from ~8.14M shares, during Q4 2022, according to its latest 13F filings.

The fund also took a new stake in International Flavors & Fragrances (NYSE:IFF) with 2.30M shares.
The firm shed its shares of Cano Health (NYSE:CANO), CSX Corp. (NASDAQ:CSX), EQT Corp. (NYSE:EQT), and Take-Two Interactive (NASDAQ:TTWO).
Reduced its stakes in SentinelOne (NYSE:S) to 14.7M shares from 19M; in Ventyx Biosciences (NASDAQ:VTYX) to 1.00M share from 4.31M; and in Disney (NYSE:DIS) to 950K shares from 1.40M, according to the filing.
Last week, AIG (AIG) stock ticked higher as Third Point disclosed its stake in its Q4 letter.