Dan Loeb's activist hedge fund, Third Point, sold its entire stake in KLA Corp. during the second quarter of 2026, according to a recent SEC disclosure. The fund liquidated 11,000 shares, a position previously valued at approximately $16.20 million. KLA is a key supplier of process control and yield management systems for the semiconductor industry, playing a critical role in the manufacturing of advanced chips.
Investors should note that 13F filings are released with a delay. The sale occurred sometime between April 1 and June 30, with the public disclosure made on August 14, 2026. Third Point's Q2 investor letter did not mention KLA Corp as a top winner or loser for the quarter. The exit from this semiconductor equipment manufacturer represents a notable change in the fund's portfolio.