Billionaire Investor Dan Loeb’s Third Point Exited 5 Chip Stocks Last Quarter — Here’s How They’re Performing Today

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Billionaire investor Dan Loeb's Third Point LLC exited five semiconductor-related holdings in the second quarter. According to its 13F filing, a quarterly report of investment holdings submitted to the Securities and Exchange Commission within 45 days of the end of each quarter, Third Point fully exited Nvidia Corp., a position worth $33.1 million and Broadcom Inc., worth $15.5 million. The liquidation went beyond those two prominent names. Third Point also sold out of KLA Corp., worth $16.2 million, Lam Research Corp., worth $16 million, and the VanEck Semiconductor ETF, worth $15.3 million. Don't Miss: A single bad hire can set a startup back years.