Hedge Fund - Third Point

Dan Loeb, the famous activist investor, has been quite successful with his investment in Yahoo! Inc. (NASDAQ:YHOO). Last week, he sold 40 million shares of Yahoo!, or two-third of his Yahoo! Inc.

Editor's Note: Related tickers: Sony Corporation (ADR) (NYSE:SNE), Dell Inc. (NASDAQ:DELL), CF Industries Holdings, Inc. (NYSE:CF), Yahoo! Inc. (NASDAQ:YHOO), The Blackstone Group L.P.

Editor's Note: Related tickers: Yahoo! Inc. (NASDAQ:YHOO), Herbalife Ltd. (NYSE:HLF), Google Inc (NASDAQ:GOOG), American Capital Mortgage Investment Crp (NASDAQ:MTGE), Dell Inc.

Editor's Note: Related tickers: Herbalife Ltd. (NYSE:HLF), Goldman Sachs Group, Inc. (NYSE:GS), JPMorgan Chase & Co.

We track quarterly 13F filings from hundreds of hedge funds and other notable investors, including billionaire Dan Loeb’s Third Point.

Several weeks after the end of each quarter, hedge funds and other major investors file 13Fs with the SEC, which are then disclosed to the general public.

Studies show that stocks bought by insiders tend to narrowly outperform the market (read our analysis of studies on insider trading) which we’d attribute to insiders tending to buy when they are confident...

Today, let's look at investing giant Daniel Loeb, founder of the Third Point LLC hedge fund.

Third Point, an activist and value hedge fund managed by billionaire Dan Loeb, filed its 13F with the SEC in mid May.