Activist investor Daniel Loeb’s Third Point LLC bought new stakes in Microsoft Corp. and JetBlue Airways Corp. and sold off holdings on T-Mobile US Inc. and Take-Two Interactive Software, among other investment decisions in the fourth quarter, according to a filing late Tuesday.
In addition to Microsoft
MSFT,
and JetBlue
JBLU,
the fund’s new stakes also included share of American International Group Inc
AIG,
or AIG.
Third Point upped its stake on retailers TJX Cos.
TJX,
and Bath & Body Works
BBWI,
among others. In addition to selling off T-Mobile
TMUS,
and Take-Two
TTWO,
Third Point also sold stakes in railroad operator CSX Corp
CSX,
and energy company EQT Corp.
EQT,
The Wall Street Journal reported earlier this month that Third Point has built a stake in Salesforce Inc.
CRM,
in the current quarter, the latest activist investor to be attracted to the software company.
Credit: marketwatch.com