Daniel Loeb bought Microsoft and Meta Platforms during the third quarter.
Daniel Loeb and Third Point Management have posted an impressive track record since the company’s founding in 1995. When they make moves in the market, investors should pay attention, and two stocks they bought in the third quarter look like great investment picks.
Thanks to Securities and Exchange Commission (SEC) reporting requirements, we know that Third Point added to its Microsoft (MSFT 2.28%) and Meta Platforms (META 1.47%) positions during Q3. Both moves are significant and indicate that the hedge fund believes these two stocks have strong upside.
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Microsoft
From the second quarter to Q3, Third Point added 700,000 shares of Microsoft. That nearly tripled its position in the stock, indicating huge confidence. Microsoft is a key player in the artificial intelligence realm, and…
