Billionaire Dan Loeb of Third Point Dumped Nvidia, Broadcom, and Meta, but Increased His Stake in This Virtual Monopoly by Almost 500%

The article reviews billionaire investor Dan Loeb’s second-quarter 13F filing and highlights a notable rotation within AI-related large-cap stocks. Third Point sold its entire positions in Nvidia, Broadcom, and Meta Platforms, likely reflecting profit-taking after strong runs rather than a change in the long-term AI thesis. At the same time, Loeb sharply increased his stake in Alphabet Class A shares by 850,000 shares, lifting the position 489% from the end of March. The piece emphasizes Alphabet’s dominant search franchise, YouTube scale, and accelerating Google Cloud growth as reasons it remains attractive to billionaire investors. The market takeaway is a selective reallocation within AI winners, favoring Alphabet’s cash generation and cloud momentum over higher-profile hardware and ad-tech names that were trimmed.