Third Point Takes a Large Amazon Stake

Colgate-Palmolive is no longer a top-five position for Dan Loeb’s hedge fund.

Dan Loeb (David Paul Morris/Bloomberg)

Dan Loeb

(David Paul Morris/Bloomberg)

Third Point established a new large position in sometime in the second quarter. And the e-commerce giant immediately became a huge winner for the multistrategy firm headed by Dan Loeb.

In its May monthly report, made public Monday evening, Third Point disclosed that Amazon was its second-biggest contributor to gains for the month.

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