Daniel Loeb Puts 37% Of Portfolio In These 3 Stocks. Masterstroke Or Misstep?

Billionaire activist investor Daniel Loeb describes the strategy at his Third Point hedge fund as “an event-driven and value approach.” He looks to unlock shareholder value through special situation investing, whether it is mergers and acquisitions, restructurings or other catalysts that can spur gains.

Loeb started Third Point with just $3 million in 1995 and grew it into a hedge fund with $6.6 billion in assets under management. He is definitely not a wallflower.

Here are his three biggest bets currently. Nearly $2.5 billion, or 37% of total AUM, are in these three stocks. Did Loeb err or is it an investing masterstroke?

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