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Dan Loeb Dumps Microsoft, Slashes Nvidia And Rail Stocks In Sweeping Q1 Portfolio Overhaul

Benzinga·05/18/2026 19:07:37
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Hedge fund billionaire Daniel Loeb reshuffled positions at Third Point LLC in the first quarter of 2026. The investor added and removed several mega-cap and technology names, according to the fund's latest Form 13F filed with the U.S. Securities and Exchange Commission for the period ended March 31, 2026.

New Additions:

Notable Trimmed Stakes

  • Third Point reduced its stake in Amazon.com Inc (NASDAQ:AMZN) from approximately 2.165 million shares in Q4 to 1.94 million shares by the end of Q1 2026.
  • The fund also trimmed its position in CRH PLC (NYSE:CRH) from roughly 2.60 million shares to 1.90 million shares.
  • Holdings in NVIDIA Corporation (NASDAQ:NVDA) were reduced from around 2.95 million shares to 190,000 shares.
  • Loeb sharply reduced Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM) from about 425,000 shares to 275,000 shares.
  • The fund also trimmed its stake in Union Pacific Corporation (NYSE:UNP) from roughly 1.81 million shares to 100,000 shares and Norfolk Southern Corporation (NYSE:NSC) from about 975,000 to 100,000 shares.

Also, the company exited its stake in several leading companies including – PG&E Corporation (NYSE:PCG), Microsoft Corporation (NASDAQ:MSFT), Chipotle Mexican Grill, Inc. (NYSE:CMG), Constellation Energy Corporation (NASDAQ:CEG), Alibaba Group (NYSE:BABA), Spotify Technology (NYSE:SPOT), and Thermo Fisher Scientific Inc (NYSE:TMO).

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