Dan Loeb’s letter to Third Point investors for the first quarter ended March 31, 2024.
Dear Investor:
During the First Quarter, Third Point returned 7.8% in the flagship Offshore Fund.
The top five winners for the quarter were Meta Platforms Inc. (NASDAQ:META), Vistra Corp. (NYSE:VST), Amazon.com Inc. (NASDAQ:AMZN), Bath & Body Works Inc. (NYSE:BBWI), and Microsoft Corp. (NASDAQ:MSFT). The top five losers for the quarter, excluding hedges, were Pacific Gas & Electric Co., DuPont de Nemours Inc., Humana Inc., Marvell Technology Inc., and a Short Position.
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Hedge Fund Manager Research Currently Producing 21% – 40% Returns Annually
