Activist investor Dan Loeb's Third Point significantly increased its position in Alphabet (GOOGL) during the second quarter of 2026. The fund raised its holdings by 485.71%, from 175,000 shares to 1.02 million. This increased the total reported value of the stake from approximately $50.3 million to over $366.3 million.
This trade was disclosed in the firm's 13F filing on August 14, which details holdings as of June 30. Following the substantial purchase, Alphabet now constitutes nearly 8% of Third Point's reported portfolio. While Third Point's Q2 investor letter was also released, it did not contain specific commentary on the Alphabet investment.