Activist investor Dan Loeb‘s Third Level LLC has considerably ramped up its stakes in Flutter Leisure FLUT, Elon Musk’s Tesla Inc. TSLA, and Mark Zuckerberg’s Meta Platforms Inc. META in the course of the last quarter of 2024.
What Occurred: In line with latest 13F filings, Third Level acquired almost $91 million value of Flutter shares, marking a 70% surge in its place. This strategic transfer positioned the sports activities betting inventory because the fund’s tenth largest holding, valued at almost $225 million, as per InsiderScore knowledge.
The funding in Flutter paid off for Loeb, with the corporate’s shares witnessing a close to 9% rise within the fourth quarter. The inventory has maintained its optimistic momentum in 2025, ending Friday’s session at a file excessive with a 15% enhance.
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Loeb additionally bolstered his stake in Zuckerberg’s Meta, the mum or dad firm of Fb, by 22%. This augmentation, totaling over $70.4 million, elevated the overall funding to greater than $389 million. Meta now stands as the fourth largest holding in Third Level’s portfolio and is the one one among the many high 5 to expertise web shopping for in the course of the quarter.
This marks a major turnaround for Loeb, who had beforehand slashed his Meta holding by over 50% in the third quarter of 2024. Meta concluded the fourth quarter with a slight enhance of over 2%, marking its eighth consecutive successful quarter. The tech behemoth has soared almost 23% up to now this 12 months.
Nevertheless, not all tech shares had been favored by Third Level within the final quarter of 2024. The hedge fund trimmed its stake in Microsoft by 31% and in Amazon by almost 7%. It additionally offered its total stake in Apple. MSFT closed 1% greater within the last quarter of 2024 however is down over 2% year-to-date. In the meantime, AMZN surged 23% final quarter and has gained almost 4% up to now in 2025.
Dan Loeb‘s Magazine 7 Holdings
| Shares | Purchase/Bought | Change % |
| Apple Inc. AAPL | -930,000 | 100% |
| Meta Platforms Inc. META | +120,000 | 22% |
| Tesla Inc. TSLA | +100,000 | 25% |
| Amazon Inc. AMZN | -250,000 | 7% |
| Microsoft Corp. MSFT | -270,000 | 31% |
Why It Issues: The billionaire investor has expressed optimism for a extra favorable inventory investing surroundings by 2025, regardless of the unconventional policy-making strategy of the Trump administration, reported Reuters.
Loeb anticipates a surge in M&A exercise this 12 months as regulatory and authorities hurdles ease, prompting banks to dump extra client and mortgage portfolios. Third Level goals to capitalize on these alternatives, specializing in excessive single-digit unlevered yields.
Loeb’s hedge fund, Third Level, has begun reaping the advantages of this forecast, with its flagship TP offshore fund experiencing a 2.7% enhance as of February. 12, following a 25.5% surge final 12 months, in response to knowledge from Benzinga Professional.
Third Level, recognized for its various methods together with inventory selecting, activist campaigns, and credit score investments, is among the most intently watched hedge funds on Wall Road.
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