Dan Loeb’s Third Point Filed 13D After It Sent A Letter To Yahoo

Dan Loeb’s Third Point reported its 5.32% activist stake in Yahoo! Inc. (YHOO) on December 13th, after the firm sent a letter to Yahoo’s board of directors. Dan Loeb revealed 66 million shares in YHOO in the filing. Since Dan Loeb reported 48 million shares in YHOO at the end of the third quarter, his position is up 38% so far. YHOO is now trading at $15.01, losing 8% year to date.

THIRD POINT

Based on SEC 13F filings, several other hedge funds also took positions in Yahoo. Curtis Macnguyen’s Ivory Capital decreased its position by 24% and retained 12 million shares in the stock. Ken Griffin’s Citadel Investment Group had 9.17 million shares at the end of September. David E. Shaw’s D. E. Shaw took 5.41 million shares, after a 19% decrease in its position during the third quarter.

Daniel Loeb, founder of New York based hedge fund Third Point, has more than $4 Billion in assets under management (AUM). He’s a very outspoken investor and a pioneer in activist investing. He made $150 Million in 2005, $200 Million in 2006, and $270 Million in 2007. Third Point’s flagship fund returned 41.7% in 2010

Yahoo! Inc. is an internet information provider. It operates as a digital media company and provides engaging and canvases for advertisers to connect with their target audiences. Yahoo provides online properties and services to users, and provides a range of marketing services to advertisers. It offers three main categories of services via Yahoo! Properties: Communications and Communities, Search and Marketplaces, and Media. Yahoo acquired Koprol, Dapper and Citizen Sports in 2010. In October 2011, it exited Consim Info Pvt Ltd by selling 12% interest of the company. Yahoo! Inc. was founded in 1994 and is headquartered in Sunnyvale, California.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!