Here’s what else besides Disney that hedge fund Third Point loaded up on recently

By Claudia Assis

Activist investor Daniel Loeb’s Third Point LLC has bought new stakes in T-Mobile US Inc. and Colgate Palmolive Co. , and sold off holdings on EV maker Rivian Automotive Inc. and Amazon.com Inc., among other investment decisions, according to a filing late Monday.

Third Point earlier Monday disclosed a fresh stake on Walt Disney Co., saying it would seek changes in the media giant.

In a letter to Disney /zigman2/quotes/203410047/composite DIS +0.21% , the fund, which manages about $14 billion in assets, suggested cost cuts, a continuation of the dividend halt in order to conserve cash, and a spinoff of Disney’s ESPN business, among other proposals. Third Point bought 1 million Disney shares in the quarter ended June 30, according to the filing.

Third Point also bought more nearly 1.99 million shares of Colgate Palmolive /zigman2/quotes/200774077/composite CL +1.14% , and nearly half a million shares of T-Mobile /zigman2/quotes/204659678/composite TMUS +1.04% .

The hedge fund got rid of its Amazon.com /zigman2/quotes/210331248/composite AMZN -0.16% and Rivian /zigman2/quotes/230726939/composite RIVN -3.23% holdings, as well as its Dell Technologies Inc. /zigman2/quotes/203822527/composite DELL +1.08% , Intuit Inc. /zigman2/quotes/203136605/composite INTU -1.00% and Microsoft Corp. /zigman2/quotes/207732364/composite MSFT +0.02% positions.

Third Point also sold off all its stakes in Western Digital Corp. /zigman2/quotes/204213617/composite WDC +2.09% and Zendesk Inc. , among others.

/zigman2/quotes/203410047/composite

Add to watchlist DIS

Walt Disney Co.

US : U.S.: NYSE

$ 92.69

+0.19 +0.21%

Volume: 13.40M

Nov. 30, 2023 4:01p

P/E Ratio

72.04

Dividend Yield

0.00%

Market Cap

$169.30 billion

Rev. per Employee

$393,129

/zigman2/quotes/200774077/composite

Add to watchlist CL

Colgate-Palmolive Co.

US : U.S.: NYSE

$ 78.77

+0.89 +1.14%

Volume: 7.15M

Nov. 30, 2023 4:00p

P/E Ratio

41.19

Dividend Yield

2.44%

Market Cap

$64.12 billion

Rev. per Employee

$566,154

/zigman2/quotes/204659678/composite

Add to watchlist TMUS

T-Mobile US Inc.

US : U.S.: Nasdaq

$ 150.45

+1.55 +1.04%

Volume: 5.60M

Nov. 30, 2023 4:00p

P/E Ratio

23.32

Dividend Yield

1.73%

Market Cap

$172.95 billion

Rev. per Employee

$1.10M

/zigman2/quotes/210331248/composite

Add to watchlist AMZN

Amazon.com Inc.

US : U.S.: Nasdaq

$ 146.09

-0.23 -0.16%

Volume: 65.81M

Nov. 30, 2023 4:15p

P/E Ratio

76.28

Dividend Yield

N/A

Market Cap

$1512.08 billion

Rev. per Employee

$359,525

/zigman2/quotes/230726939/composite

Add to watchlist RIVN

Rivian Automotive Inc. Cl A

US : U.S.: Nasdaq

$ 16.76

-0.56 -3.23%

Volume: 28.38M

Nov. 30, 2023 4:15p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$16.59 billion

Rev. per Employee

$267,809

/zigman2/quotes/203822527/composite

Add to watchlist DELL

Dell Technologies Inc. Cl C

US : U.S.: NYSE

$ 75.87

+0.81 +1.08%

Volume: 10.52M

Nov. 30, 2023 4:04p

P/E Ratio

21.00

Dividend Yield

N/A

Market Cap

$54.30 billion

Rev. per Employee

$763,647

/zigman2/quotes/203136605/composite

Add to watchlist INTU

Intuit Inc.

US : U.S.: Nasdaq

$ 571.46

-5.77 -1.00%

Volume: 1.94M

Nov. 30, 2023 4:00p

P/E Ratio

62.55

Dividend Yield

0.63%

Market Cap

$161.59 billion

Rev. per Employee

$810,385

/zigman2/quotes/207732364/composite

Add to watchlist MSFT

Microsoft Corp.

US : U.S.: Nasdaq

$ 378.91

+0.06 +0.02%

Volume: 30.55M

Nov. 30, 2023 4:15p

P/E Ratio

36.69

Dividend Yield

0.79%

Market Cap

$2815.71 billion

Rev. per Employee

$987,828

/zigman2/quotes/204213617/composite

Add to watchlist WDC

Western Digital Corp.

US : U.S.: Nasdaq

$ 48.31

+0.99 +2.09%

Volume: 16.75M

Nov. 30, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

0.00%

Market Cap

$15.34 billion

Rev. per Employee

$213,811