Dan Loeb's Third Point exits Nvidia, cuts Amazon and opens SpaceX stake in the second quarter

Dan Loeb's Third Point exited Nvidia (NVDA) entirely in the second quarter, trimmed its position in Amazon (AMZN), and opened a new stake in SpaceX. The portfolio adjustments put both listed names in focus while adding a private-market holding to the fund's second-quarter activity.

The position changes

Third Point cleared its Nvidia holdings in full. On Amazon, the fund reduced an existing stake but did not exit; the size of the remaining position is not specified. The SpaceX initiation is the most structurally distinct of the three. SpaceX does not trade on a public exchange, and private-market positions do not appear in the standard quarterly filings that cover listed equities. The entry price and lot size are not part of the public record.

Reading the setup

For NVDA, a complete liquidation takes Third Point out of the name as of quarter end. The selling is finished. Whether the timing was right depends on where the stock moved after the period closed, and no price data accompanies this disclosure.

Amazon reads as a recalibration. Trimming a position while holding it signals reduced conviction. The trade continues, at a lower size. The direction of the change is clear; the remaining stake is not.

The SpaceX entry sits apart from both. It adds a private-market element that operates outside the same disclosure rules, making the position harder to monitor in subsequent quarters.

What to watch

The 13F filing covering Third Point's second-quarter public-equity holdings is the next confirmable data point. That document will put the Amazon stake on record and confirm the Nvidia exit officially. SpaceX, as a private company, will not appear in it. The full picture of Third Point's second-quarter positioning extends beyond what the 13F alone captures.

Watch whether other large funds report comparable moves in NVDA or AMZN across the same filing cycle. One fund's adjustment is a single input. A pattern across the institutional base is what registers on the tape.