5 Little-Known Stocks Billionaire Dan Loeb is Buying

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.