Loeb's Third Point Exits Meta, Tesla, Rotates Into Staples, Telecom, Industrials - Apollo Global Management (NYSE:APO), Amazon.com (NASDAQ:AMZN)

Loeb's Third Point Exits Meta, Tesla, Rotates Into Staples, Telecom, Industrials - Apollo Global Management (NYSE:APO), Amazon.com (NASDAQ:AMZN)

Third Point LLC, led by Dan Loeb, sold stakes in top stocks during Q1 of 2025 amid tariff concerns. Also made significant new additions and increases.

Third Point discloses stakes in US Steel and Kenvue

Daniel Loeb’s hedge fund Third Point has disclosed significant positions in US Steel and Kenvue, signalling potential activist interest in two companies currently under strategic and regulatory pressure, according to a report by Reuters. The report cites a a 13F regulatory filing submitted on Thursday, as showing that Third Point held 12.2 million shares of US Steel and 8.9 million shares of Kenvue as of the end of Q1 2025. US Steel remains a hi…