Third Point 13-F: New stake in META, Cuts NVDA, Exits MSFT
- New: Meta (META), Alphabet Class A (GOOGL), SPDR Gold Shares (GLD), Hut 8 Corp (HUT), TransDigm (TDG)
- Raises: ARS Pharmaceuticals (SPRY).
- Cuts: Nvidia (NVDA), Union Pacific (UNP), Norfolk Southern (NSC), Capital One (COF), Live Nation (LYV)
- Exits: PG&E (PCG), Microsoft (MSFT), Brookfield (BAM), Casey's (CASY), CoStar (CSGP)
- Top: Amazon (AMZN), Telephone & Data Systems (TDS), CRH (CRH), Somnigroup (SGI), Carpenter Tech (CRS).
Context
Third Point's 13-F filing indicates a strategic pivot, with new stakes in META and GOOGL while cutting positions in NVDA and exiting MSFT. This shift signals a potential realignment towards tech resilience and growth, particularly in interactive media and services, which could have broader implications for market sentiment and valuations in those sectors.
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