Dan Loeb Stock Portfolio: 5 Top Stock Picks

In this article, we discuss Dan Loeb and his top 5 stock picks. If you want to read about some more stocks in the Loeb portfolio, go directly to Dan Loeb Stock Portfolio: 10 Top Stock Picks.

5. Bath & Body Works, Inc. (NYSE:BBWI)

Number of Hedge Fund Holders: 48  

Bath & Body Works, Inc. (NYSE:BBWI) operates as a specialty retailer of home fragrances, body care, and soap and sanitizer products. Regulatory filings show that Third Point owned 13 million shares in Bath & Body Works, Inc. (NYSE:BBWI) at the end of the third quarter of 2023 worth $468 million, representing 7.1% of the portfolio. 

On November 17, Telsey Advisory analyst Dana Telsey maintained an Outperform rating on Bath & Body Works, Inc. (NYSE:BBWI) stock and lowered the price target to $42 from $52, noting the firm had posted a third consecutive earnings beat. 

At the end of the second quarter of 2023, 48 hedge funds in the database of Insider Monkey held stakes worth $2.2 billion in Bath & Body Works, Inc. (NYSE:BBWI), compared to 45 in the preceding quarter worth $2.3 billion.