Activist investor Dan Loeb's Third Point sold its entire position in Meta Platforms during the second quarter of 2026, liquidating 90,000 shares valued at approximately $51.49 million. This disclosure was made in a quarterly 13F filing, which reveals positions held as of June 30, 2026, meaning the trades could have occurred anytime in the prior three months.
The exit from Meta was part of a broader portfolio reshuffle for the hedge fund. During the same period, Third Point also sold off its entire stakes in other major technology companies, including Nvidia and Broadcom. This move represented a -2.47% impact on the fund's portfolio.