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

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:

• Meta Platforms, Inc. (NASDAQ:META) : 90,000 shares
• Alphabet Inc. (NASDAQ:GOOGL): 175,000 shares
• Hut 8 Corp. (NASDAQ:HUT): 869,563 shares
• Transdigm Group (NYSE:TDG): 25,000 shares
• KLA Corporation (NASDAQ:KLAC): 11,000 shares
• Lam Research Corporation (NASDAQ:LRCX): 75,000 shares
• ASML Holding (NASDAQ:ASML): 12,000 shares
• Broadcom Inc. (NASDAQ:AVGO): 50,000 shares

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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