Billionaire Dan Loeb Slashed Third Point's Stake in Amazon and Piled Into This Consumer-Facing Stock That's Gained 3,750% Since Its IPO

By Sean Williams – Mar 16, 2026 at 5:06AM ESTKey PointsForm 13Fs are quarterly filings that allow investors to track which stocks Wall Street's preeminent money managers have been buying and selling.Billionaire Dan Loeb has cut his fund's stake in Amazon by 57% since the midpoint of 2024, and profit-taking might be only part of the story.Meanwhile, a historical outperformer became Third Point's biggest new addition in the fourth quarter -- but this investment is far from a slam-dunk.Few quarterly data releases are more valuable to investors than the filing of Form 13Fs with the Securities and Exchange Commission. A 13F allows investors to track which stocks Wall Street's prominent money managers bought and sold in the latest quarter (in this instance, the fourth quarter). Billionaire investor Dan Loeb of Third Point certainly fits the bill of a fund manager whose trading activity is closely monitored by investors. According to Third Point's 13F detailing fourth-quarter trades, Loeb slashed his stake in "Magnificent Seven" member Amazon (AMZN 0.87%) and loaded up on more than 4.7 million shares of a consumer-facing favorite that's skyrocketed over 3,700% since its initial public offering (IPO). Image source: Getty Images.

Billionaire Dan Loeb sent almost a quarter of his fund's Amazon shares packing Third Point's billionaire boss is a relatively active investor. During the fourth quarter, he exited 13 stocks and reduced his fund's stake in 14 others, including dual-industry leader Amazon. The 645,000 shares sold cut Third Point's position in the company by 23%. Moreover, it marks a 57% reduction since the midpoint of 2024. Profit-taking is one reason for this selling, but it may not be the only one. On average, Loeb has held his top-10 holdings by market cap for just shy of one year, signaling that he's not afraid to cash in his chips when the opportunity presents itself. With Amazon's shares hitting an all-time high of more than $250 during the fourth quarter, Loeb clearly saw an opportunity to take some profit. ExpandNASDAQ: AMZNAmazonToday's Change(-0.87%) $-1.83Current Price$207.70Key Data PointsMarket Cap$2.2TDay's Range$206.23 - $210.5652wk Range$161.38 - $258.60Volume1.6MAvg Vol49MGross Margin50.29% But Loeb may also be concerned about tech stock valuations. While he's signaled that companies such as Amazon are well-positioned for success amid the artificial intelligence (AI) boom, he views the tech sector and select crowded tech trades as being ripe for short-sellers. There's no question that the stock market is historically pricey and has been aided by the rise of AI. If history rhymes and premium stock valuations prove unsustainable, market leaders, such as the Magnificent Seven, may be among the hardest hit. Image source: Chipotle. Third Point's chief investor loaded up on a consumer favorite, Chipotle On the other hand, Dan Loeb added to 11 existing holdings and opened 11 new positions during the December-ended quarter. This includes a newly opened 4,725,000-share stake in fast-casual restaurant chain Chipotle Mexican Grill (CMG 0.17%). Even though shares of Chipotle have fallen about 50% from their all-time high, they're still up 3,750% since its January 2006 IPO. Gains of this magnitude don't occur by accident. Rather, they reflect well-defined competitive advantages. Chipotle's commitment to using locally sourced vegetables (when possible) and responsibly raised meats has resonated with a younger audience. Furthermore, the addition of mobile order-devoted drive-thru lanes ("Chipotlanes") helped the company excel during the COVID-19 pandemic. Historically, outsize sales growth and strong pricing power have been the norm. ExpandNYSE: CMGChipotle Mexican GrillToday's Change(-0.17%) $-0.06Current Price$32.51Key Data PointsMarket Cap$42BDay's Range$32.37 - $33.2952wk Range$29.75 - $58.42Volume873KAvg Vol18MGross Margin22.35% However, Loeb's newest position isn't a slam-dunk, despite what its track record shows. Negative comparable-restaurant sales in 2025 suggest inflationary pressures are taking their toll.

Although Chipotle Mexican Grill's forward price-to-earnings ratio of 25 is far more palatable than it was two years ago, it may still be a tough pill to swallow for value-focused investors until organic growth returns.Read NextMar 15, 2026 •By Dave KovaleskiIs Chipotle Stock a Long-Term Buy?Mar 9, 2026 •By Daniel SparksChipotle Stock: Down More Than 40% From Its 52-Week High, Is It Time to Buy?Mar 8, 2026 •By Neil PatelCould Investing $1,000 in Chipotle Mexican Grill Make You Richer?Mar 7, 2026 •By Bryan WhiteChipotle Lost Traffic in All 4 Quarters of 2025.

Can It Win Customers Back Without Discounts?Mar 6, 2026 •By Rich SmithWhy Did Chipotle Mexican Grill Stock Drop Today?Mar 5, 2026 •By Lawrence Rothman, CFAChipotle vs. Sweetgreen: Which Stock Will Make You Richer?About the AuthorSean Williams is a data-driven Motley Fool contributing analyst who's been investing for 27 years and has penned north of 15,000 articles. You'll find him at the intersection of politics and investing tackling macroeconomic topics of interest (Social Security and Donald Trump's economic/tax policies), analyzing which stocks billionaire investors (e.g., Warren Buffett) are buying and selling, and digging into how the world's most-influential businesses and trends -- everything from the evolution of artificial intelligence (AI) to the next stock split -- are changing Wall Street. He holds a B.A. in Economics from the University of California, San Diego.TMFUltraLongX@AMCScamStocks MentionedChipotle Mexican GrillNYSE: CMG$32.51(-0.17%)-$0.06AmazonNASDAQ: AMZN$207.67(-0.89%)-$1.86*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.