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Third Point’s Big Fourth-Quarter Moves

The hedge fund firm’s fourth-quarter letter explains why two stocks are an important part of the portfolio.

Dan Loeb’s Third Point made three significant moves in its U.S. long portfolio in the fourth quarter.The firm boosted its stake in e-commerce giant by 27 percent, making it Third Point’s fourth-largest long. This was the third consecutive quarter in which Third Point increased its Amazon position by 27

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