The extraordinary activist-investor interest in Salesforce eased further in the second quarter, according to the latest regulatory filings from influential Wall Street pros. These big-name investors also made moves in nine other Club stocks during a strong three-month stretch that ended the best first half for the market in years. Starting with Salesforce, Dan Loeb's Third Point shed its stake in the second quarter.
mountain Alphabet YTD performance Bets on Google's parent company, Alphabet , varied in the second quarter. Over those three months, Bill Ackman's Pershing Square Capital Management grew its Alphabet position by 43%, to 11.56 million shares, which includes both Class A and non-voting Class C stock. Tepper raised his Alphabet stake by a more modest 9.5%, to 2.3 million shares. By contrast, Loeb's Third Point reduced his Alphabet stake by 70% in Q2, to 1.
mountain Amazon YTD performance. Loeb and Klarman also moved in the same direction on Amazon during the second quarter, building new positions in the e-commerce and cloud giant. Third Point owned 4.1 million shares as of June 30, while Baupost's holdings totaled 964,000 shares. For his part, Tepper reported owning 3.16 million Amazon shares at the end of Q2, up 58% from March 30.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: AP - 🏆 728. / 51 Read more »