Editor’s observe: This text has been corrected to precisely replicate the fund’s notable exits.
Activist investor Dan Loeb’s Third Level LLC made vital adjustments to its stake within the Magnificent Seven shares and exited a number of shares throughout sectors within the third quarter of 2025.
What Occurred: The agency’s newest 13F submitting exhibits that Third Level is leaning extra in the direction of tech shares and has elevated its stake in Microsoft Company (NASDAQ:MSFT) by 175% to 1.1 million shares as of Sept. 30.
Loeb additionally boosted his stake in Meta Platforms, Inc. (NASDAQ:META) by 47%, Amazon.com, Inc. (NASDAQ:AMZN) by 4% and NVIDIA Company by 2%.
Holdings Exit
The hedge fund seems unsure about Workday Inc. (NASDAQ:WDAY), having bought its remaining 300,000 shares throughout Q3, absolutely exiting its place. This follows an earlier sale of the complete holdings throughout the first quarter of the yr.
The opposite notable exits embody Fortive Company (NYSE:FTV), Corpay, Inc. (NYSE:CPAY), and Flowserve Company (NYSE:FLS).
Notable Stake Reductions
Along with the whole exits, Third Level additionally trimmed a number of positions in Q3 in comparison with Q2. Notable reductions embody:
- Reside Nation Leisure, Inc. (NYSE:LYV): -32%
- Jacobs Options Inc. (NYSE:J): -28%
- Vistra Corp. (NYSE:VST): -25%
- Taiwan Semiconductor Manufacturing Firm Ltd. (NYSE:TSM): -23%
- Capital One Monetary Company (NYSE:COF): -23%
- CRH PLC (NYSE:CRH): -16%
- Pacific Fuel & Electrical Co. (NYSE:PCG): -2%
Notable Stake Will increase
- SharkNinja, Inc. (NYSE:SN): +50%
- Casey’s Normal Shops, Inc. (NASDAQ:CASY): +39%
- Kenvue Inc. (KVUE): +6%
As of the third quarter of 2025, Loeb’s high 5 holdings in shares had been Pacific Fuel & Electrical Co. (NYSE:PCG), Amazon, Microsoft, Nvidia and Norfolk Southern Company (NYSE:NSC).
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