Third Point Takes a Large Amazon Stake
Colgate-Palmolive is no longer a top-five position for Dan Loeb’s hedge fund.
Third Point established a new large position in Amazon.com 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.