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Third Point Investors Achieves 26.9 Percent Gain in November Performance
Dan Loeb’s Third Point Investors achieved a notable 7.1 percent gain in November, bringing its year-to-date performance to 26.9 percent. In comparison, the S&P 500, including dividends, recorded gains of 5.9 percent and 28.1 percent, respectively.
third point hedge fund gains 18 percent nearing best results since 2021
Dan Loeb's Third Point hedge fund gained 2.7% in October, bringing its year-to-date performance to 18.4%, nearing its best results since 2021. Key contributors included Taiwan Semiconductor Manufacturing and LPL Financial, while Bath & Body Works was a significant detractor. The fund's net long exposure in equities remains around 75%, with major positions in PG&E, Amazon, and UBS, the latter acquired after Credit Suisse's troubles.
dan loeb anticipates republican victory and its impact on investments
Dan Loeb, manager of Third Point, expresses growing confidence in a Republican victory in the upcoming elections, predicting positive impacts on the economy and specific sectors. He anticipates that a shift in government policy could boost domestic manufacturing and corporate activity, while also positioning his portfolio to capitalize on these changes. Loeb believes that healthy consumer spending will support market stability, allowing for potential growth in event-driven investing strategies.
third point lags behind benchmark despite strong september performance
Dan Loeb's Third Point hedge fund achieved a 2.9% gain in September, outperforming the S&P 500's 2.1%, but remains behind the benchmark for the year with a 15.6% increase compared to 22.1%. Key contributors included Vistra Corp., Amazon, and Meta Platforms, while losses came from Advance Automotive Parts and Airbus. The fund's stock portfolio is currently 75% net long, maintaining its top positions in Pacific Gas & Electric, Amazon, and Taiwan Semiconductor Manufacturing.
hedge funds overlook vistra gains as stock surges 192 percent in 2024
Hedge funds have largely missed out on the impressive gains of Vistra Corp., which has surged 192% this year, surpassing Nvidia's 144% increase. While Nvidia is widely held among hedge funds, Vistra remains less popular, though notable investors like Stephen Mandel Jr.'s Lone Pine Capital and Dan Loeb's Third Point have significant stakes. Some firms, such as Oaktree Capital Management, sold their positions in Vistra last year, missing the stock's remarkable rise in 2024.
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