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.

Luke Sharrett/Bloomberg

Luke Sharrett/Bloomberg

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 Amazon.com 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 percent.

The

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