Dan Loeb's Third Point adds SpaceX; exits Nvidia; cuts stake in Amazon among Q2 moves

Dan Loeb’s Third Point disclosed Q2 portfolio changes centered on private-space exposure and broad equity risk management. The hedge fund initiated a new stake in Space Exploration Technologies (SpaceX/SPCX) and also bought the SPDR S&P 500 ETF Trust (SPY), while exiting positions in Nvidia and Meta Platforms. The move suggests a rotation away from some high-profile megacap tech exposure and toward a mix of index hedging/core market exposure and speculative private-asset upside. The filing drew attention because it reflects how a major hedge fund is repositioning amid ongoing market rotation, with technology still influential but not the only focus. The article is part of a broader wave of manager 13F updates showing active shifts in Q2 allocations.