Dan Loeb’s Third Level poured tens of tens of millions of {dollars} into Flutter Leisure and Meta Platforms within the fourth quarter of final 12 months, regulatory fillings present. The hedge fund supervisor and well-known investor purchased practically $91 million price of Flutter shares, equating to a rise of greater than 70% to his place, in accordance with Third Level’s 13-F submitting with the Securities and Change Fee. With that transfer, the sports activities betting inventory was now the fund’s tenth largest holding at virtually $225 million, per InsiderScore. Loeb’s guess paid off, with shares leaping virtually 9% within the fourth quarter. The inventory has risen greater than 15% in 2025 and closed Friday’s session at an all-time excessive. Elsewhere, he grew his stake in Fb mum or dad Meta Platforms by 22%, or greater than $70.4 million, to above $389 million. It is now the fourth largest holding within the fund — and the one identify within the prime 5 to see internet shopping for throughout the quarter, in accordance with InsiderScore. That marks a flip for Loeb, who has slashed his Meta holding by greater than 50% throughout the third quarter of 2024. META FLUT 1Y mountain Meta and Flutter, 1-year Meta completed the fourth quarter larger by barely over 2%, marking its eighth straight successful quarter. The megacap tech big has surged greater than 25% within the new 12 months, which is nice information after Loeb’s huge purchase. To make certain, not all tech performs felt the love throughout the remaining quarter of 2024. Loeb minimize 31% from his Microsoft stake and practically 7% from his Amazon place.
