In this article, we discuss 5 little-known stocks billionaire Dan Loeb is buying. If you want to see more unknown stocks in his portfolio, click 10 Little Known Stocks Billionaire Dan Loeb is Buying.
5. Rice Acquisition Corp. II (NYSE:RONI)
Number of Hedge Fund Holders: N/A
Rice Acquisition Corp. II (NYSE:RONI) is a special purpose acquisition company that was incorporated in 2021 and is based in Carnegie, Pennsylvania. Rice Acquisition Corp. II (NYSE:RONI) priced its initial public offering of 30 million common shares at a price of $10.00 per unit. The offering was upsized from a base offering of 25 million shares.
Securities filings for Q4 2021 reveal that 1.50 million shares of Rice Acquisition Corp. II (NYSE:RONI) were purchased by Dan Loeb’s Third Point. The hedge fund’s stake amounted to $15 million, representing 0.10% of the total 13F holdings.
4. JAWS Hurricane Acquisition Corporation (NASDAQ:HCNE)
Number of Hedge Fund Holders: N/A
Founded in 2021 and based in Miami Beach, Florida, JAWS Hurricane Acquisition Corporation (NASDAQ:HCNE) is a blank check company that was created with the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combinations.
In the fourth quarter of 2021, Dan Loeb’s Third Point purchased 992,739 shares of JAWS Hurricane Acquisition Corporation (NASDAQ:HCNE), worth $9.7 million, representing 0.06% of the total 13F holdings.
3. Blue Whale Acquisition Corp I (NASDAQ:BWC)
Number of Hedge Fund Holders: N/A
Blue Whale Acquisition Corp I (NASDAQ:BWC) was incorporated in 2021 and is based in Grand Cayman, the Cayman Islands. The SPAC aims to form business combinations with companies in the digital streaming, entertainment, and media industries. It looks for growth opportunities in emerging markets, especially China and India. In August 2021, Blue Whale Acquisition Corp I (NASDAQ:BWC) priced its initial public offering of 20 million units at $10.00 per unit.
Securities filings for Q4 2021 reveal that Dan Loeb’s hedge fund purchased 2 million shares of Blue Whale Acquisition Corp I (NASDAQ:BWC), worth $19.4 million, accounting for 0.13% of the total 13F portfolio.
2. Logistics Innovation Technologies Corp. (NASDAQ:LITT)
Number of Hedge Fund Holders: N/A
Logistics Innovation Technologies Corp. (NASDAQ:LITT) is a blank check company with no significant operations as of now. It was formed for the purposes of a merger, capital stock exchange, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Atlanta, Georgia. Logistics Innovation Technologies Corp. (NASDAQ:LITT) priced its initial public offering of 30 million shares at a price of $10.00 each.
Dan Loeb’s Third Point added Logistics Innovation Technologies Corp. (NASDAQ:LITT) to its Q4 portfolio by purchasing 1 million shares worth $9.68 million, representing 0.06% of the total 13F securities.
1. EG Acquisition Corp. (NYSE:EGGF)
Number of Hedge Fund Holders: N/A
Based in New York, EG Acquisition Corp. (NYSE:EGGF) is a blank check company that was formed to effect a merger, share exchange, asset acquisition, corporate reorganization, or other business combinations. Dan Loeb purchased 1.10 million shares of EG Acquisition Corp. (NYSE:EGGF) in the fourth quarter of 2021, worth $10.71 million, representing 0.07% of the total 13F holdings.
On May 26, 2021, EG Acquisition Corp. (NYSE:EGGF) announced its initial public offering of 22.5 million common shares at a price of $10.00 per unit and opened for trading at $9.94.
You can also take a look at 10 Stocks to Buy in April According to Jim Cramer and 10 Stocks to Buy Now According to Steve Ketchum’s Sound Point Capital.
