Home / Business and Economy / Loeb's Third Point Doubles Down on Tech Giants, Bets Big on Microsoft, Nvidia, and Amazon
Loeb's Third Point Doubles Down on Tech Giants, Bets Big on Microsoft, Nvidia, and Amazon
15 Nov
Summary
- Third Point increased stakes in Microsoft, Nvidia, and Amazon
- Microsoft is now Third Point's fourth-largest holding
- Loeb sees opportunities in private credit amid market optimism
In the third quarter of 2025, billionaire investor Dan Loeb's Third Point hedge fund has dialed up its conviction in big tech winners, adding to its positions in Microsoft, Nvidia, and Amazon. The fund more than doubled its stake in Microsoft, making the Xbox and Windows maker its fourth-largest holding as of the end of September.
Earlier this year, Loeb had dumped almost all of his positions in the so-called "Magnificent 7" tech stocks amid tariff concerns. However, the latest moves show he is now rebuilding his tech bets as market sentiment improves. Despite the increased tech exposure, Third Point's largest holding remains PG&E, the beaten-down California utility that Loeb has been backing during its long restructuring.
Alongside the tech bets, the filing also revealed that Third Point holds a sizable put position against the SPDR S&P 500 ETF (SPY), likely as a portfolio hedge rather than a directional call. Meanwhile, Loeb has also been leaning further into credit, particularly private credit, where he sees some of the most compelling opportunities today.
