On May 16th, Third Point, a hedge fund under Daniel Loeb, cleared all its holdings in electric car manufacturer Tesla and social media giant Meta Platforms Inc. in the first quarter, and also reduced its holdings in Amazon by more than 1 million shares, bringing its total holdings to 2.35 million shares. However, the hedge fund increased its holdings in artificial intelligence chip manufacturer NVIDIA and also increased its holdings in stocks such as Apollo, Pacific Power, US Steel, and AT&T. In its investment portfolio, the top five in proportion are Pacific Power, Amazon, TSMC ADR, Live Nation, and Telephone&Data.
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