In a significant portfolio shift, Dan Loeb's Third Point completely sold off its position in semiconductor giant Broadcom (AVGO) during the second quarter of 2026. According to the firm's latest 13F filing, it liquidated all 50,000 shares, a stake previously valued at approximately $15.48 million. This exit was part of a broader move away from several mega-cap technology stocks for the activist investor.
Investors should note that 13F filings reflect a fund's holdings as of the end of a quarter, in this case, June 30, 2026, and the trades could have occurred at any point during that three-month period. The disclosure comes from a filing dated August 14, 2026. The sale was part of a quarter that also saw Third Point exit positions in other major tech players like Nvidia and Meta.