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Dan Loeb's Third Point hedge fund bets even bigger on global growth

Key Points
  • Dan Loeb's Third Point hedge fund revealed several new investments in a filing Thursday, including mall operator Macerich and two Argentina-based financial services companies.
  • Loeb's fund has roughly doubled the S&P 500 over the last two decades and the hedge fund manager told investors in late October he expects U.S. stocks to lead global markets higher.
  • The hedge fund dissolved its stake in Hewlett Packard Enterprise and reduced its holdings of Google parent Alphabet in the third quarter, the filing showed.
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Dan Loeb's Third Point files 13F

One of the most successful hedge funds over the last two decades is betting on global growth through stakes in a mall operator, an energy company and a payments processor.

In the third quarter, Dan Loeb's Third Point hedge fund made new investments in Macerich, a real estate investment trust for mall properties, oil refiner and seller Marathon Petroleum and Ohio-based payments processor Vantiv, according to a required quarterly filing released Thursday.

The hedge fund also increased its bet on growth-sensitive industrial stocks by adding a stake in Dover and raising its investment in Vulcan Materials.

Loeb has roughly doubled the 's return over the last two decades and managed $18 billion, as of late October. Loeb told investors then in a letter he expects U.S. stocks will lead global markets higher.

Thursday's filing also showed Loeb's Third Point fund bought new stakes in Argentina-based financial services companies Grupo Financiero Galicia and Grupo Supervielle. Loeb also increased his holdings of China's e-commerce giant Alibaba.

Third Point dissolved its stake in Hewlett Packard Enterprise and reduced its holdings of Google parent Alphabet in the third quarter, the filing showed.

— CNBC's Tae Kim contributed to this report.