{"id":677844,"date":"2026-05-18T16:56:09","date_gmt":"2026-05-18T16:56:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/677844\/"},"modified":"2026-05-18T16:56:09","modified_gmt":"2026-05-18T16:56:09","slug":"dan-loebs-third-point-expands-ai-bets-with-new-stakes-in-hut-8-and-chip-names","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/677844\/","title":{"rendered":"Dan Loeb\u2019s Third Point expands AI bets with new stakes in Hut 8 and chip names"},"content":{"rendered":"<p>Dan Loeb&#8217;s Third Point made broad portfolio changes in the first quarter, adding a series of technology and semiconductor-related positions as the hedge fund continued leaning into the artificial-intelligence trade, according to a new regulatory filing. The New York-based firm initiated relatively small positions in chip-equipment makers ASML , Lam Research and KLA , along with semiconductor giant Broadcom . Third Point also disclosed a new stake in the VanEck Semiconductor ETF and aircraft-parts supplier TransDigm Group . The hedge fund also added a position in Hut 8 , the Miami-based energy infrastructure and bitcoin mining company whose shares have surged this year as investors increasingly focus on AI-related power demand and data-center infrastructure opportunities. The stock has more than doubled in 2026. The new additions come as Loeb has increasingly embraced AI as a long-term investment theme. The billionaire investor has previously said companies will increasingly be divided between those that benefit from AI and those left behind. &#8220;You&#8217;ll either be a beneficiary of AI or AI roadkill,&#8221; Loeb said last year. At the same time, Third Point reduced several existing positions during the quarter. The fund cut its stake in Taiwan Semiconductor by 35%, pared holdings in construction materials company CRH PLC by 27%. Amazon remained Third Point&#8217;s largest equity holding at the end of March despite a 10% reduction during the quarter. Loeb launched Third Point about three decades ago with roughly $3 million from friends and family. While he built his reputation as one of Wall Street&#8217;s most prominent activist investors, the firm has expanded beyond its roots and now manages investments spanning equities, credit and venture strategies.<\/p>\n","protected":false},"excerpt":{"rendered":"Dan Loeb&#8217;s Third Point made broad portfolio changes in the first quarter, adding a series of technology and&hellip;\n","protected":false},"author":2,"featured_media":677845,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,7174,276,277,2161,27604,161,49,48,249158,249153,3578,1385,249156,111110,249157,249154,227715,3097,1372,61,249155,249159,44866],"class_list":["post-677844","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-amazon-com-inc","tag-artificial-intelligence","tag-artificialintelligence","tag-asml-holding-nv","tag-broadcom-inc","tag-business-news","tag-ca","tag-canada","tag-carpenter-technology-corp","tag-crh-plc","tag-hut-8-corp","tag-investment-strategy","tag-kla-corp","tag-lam-research-corp","tag-mastec-inc","tag-siriuspoint-ltd","tag-somnigroup-international-inc","tag-stock-markets","tag-taiwan-semiconductor-manufacturing-co-ltd","tag-technology","tag-telephone-and-data-systems-inc","tag-transdigm-group-inc","tag-vaneck-semiconductor-etf"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/677844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=677844"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/677844\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/677845"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=677844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=677844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=677844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}