Third Point buys Apple, boosts Uber in Q2

Third Point LLC disclosed in an SEC filing its holdings as of June 30, 2024. The fund’s new buys during the second quarter included, by size of position, Apple (AAPL), Amphenol (APH), Ferguson (FERG), KB Home (KBH), and Roper (ROP). Third Point exited a number of holdings during the quarter, including by size of previous position S&P Global (SPGI), Marvell (MRVL), Goldman Sachs (GS), Wesco (WCC), and Gartner (IT). The fund increased its stake in a number of holdings, including by size of previous position TSMC (TSM), Uber (UBER), Cinemark (CNK), Telephone and Data Systems (TDS), and Corpay (CPAY). Third Point reduced its stake in several holdings, including by size of previous position Bath & Body Works (BBWI), Alphabet Class A (GOOGL), Meta (META), Microsoft (MSFT), and PG&E (PCG). The fund’s top holdings as of June 30, in order of size, were Amazon (AMZN), PG&E, Microsoft, Meta, and Danaher (DHR).