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Daniel Loeb’s Third Point hedge fund sold off its position in Apple Inc. in the fourth quarter, while boosting its holdings in electric-vehicle maker Tesla Inc. and social-media giant Meta Platforms Inc.
The investment firm sold off all of its 930,000 shares in Apple
AAPL. But it acquired 120,000 shares of Meta META, boosting its stake in the company to 665,000 shares. Loeb’s firm also bought an extra 100,000 shares of Tesla TSLA, raising its total holdings to 500,000 shares.
