The billionaire founder and CEO of New York-based hedge fund Third Point LLC is investing millions of dollars into two hyperscaler names.
A recent 13F filing from the US Securities and Exchange Commission (SEC) shows that Dan Loeb he opened it new stake in Meta (META) in Q1 of this year, collecting 90,000 shares of META worth $51.491 million.
Over at Meta, Loeb initiated a new position in Alphabet (GOOGL), raising 175,000 shares of GOOGL worth $50.323 million. The billionaire also opened a new section on the powerful platform Hut 8 (HUT), which took 869,563 shares worth $ 40.791 million. HUT is trading at $124, up nearly 160% year to date.
Another new position for Loeb is textile equipment maker KLA Corp (KLAC). As of March 31st, Loeb owns 11,000 shares of KLAC worth $16.196 million. KLAC is trading at $259, up 105% this year.
Next up is the world’s largest supplier of combustion equipment, Lam Research (LRCX). In Q1, Loeb opened a new division in the company, collecting 75,000 LRCX shares valued at $16.024 million. LRCX is trading at $389, up 120% year-to-date.
And Loeb also opened a new stake in photolithography system maker ASML Holding (ASML) in Q1 as well, raising 12,000 shares of ASML worth $15.849 million. ASML is trading at $1,929, up more than 70% this year.
letter)
 
Disclaimer: The views expressed in Daily Hodl are not financial advice. Investors should do their due diligence before making any risky investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any assets including cryptocurrencies, nor is The Daily Hodl a financial advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image Created: Midjourney
