Billionaire Dan Loeb’s 2023 Portfolio: 5 Latest Stock Picks

In this piece, we will take a look at the top five latest additions to billionaire Dan Loeb’s 2023 portfolio. For more stocks, head on over to Billionaire Dan Loeb’s 2023 Portfolio: 10 Latest Stock Picks.

5. National Instruments Corporation (NASDAQ:NATI)

Third Point’s Investment: $104.8 million

National Instruments Corporation (NASDAQ:NATI) is a technology company headquartered in Austin, Texas. The firm was set up in 1976. It provides a software development platform to different users such as engineers and developers. National Instruments Corporation (NASDAQ:NATI)’s platform covers different use cases such as manufacturing operations and engineering analysis.

By the end of 2022’s fourth quarter, 20 of the 943 hedge funds profiled by Insider Monkey had held a stake in National Instruments Corporation (NASDAQ:NATI). The firm’s largest shareholder in Q1 2023 was Matthew Halbower’s Pentwater Capital Management with a $251 million stake that comes courtesy of 4.8 million shares.

4. Alibaba Group Holding Limited (NYSE:BABA)

Third Point’s Investment: $135.5 million

Alibaba Group Holding Limited (NYSE:BABA) is one of the largest online retailers in the world. The firm was set up in 1999 and is headquartered in Beijing, China. Its marketplace enables retailers to connect with their customers, and the firm also provides cloud computing and other technology products and services.

Insider Monkey’s fourth quarter of 2022 survey of 943 hedge funds revealed that 113 had invested in the firm. Alibaba Group Holding Limited (NYSE:BABA)’s largest hedge fund investor is Panayotis Takis Sparaggis’s Alkeon Capital Management since it owns 4.6 million shares that are worth $471 million.

3. Salesforce, Inc. (NYSE:CRM)

Third Point’s Investment: $159.8 million

Salesforce, Inc. (NYSE:CRM) is an enterprise technology company that is one of the largest of its kind in the world. The firm enables corporate users to navigate through their customers and use data to generate insights. It was set up in 1999 and is headquartered in San Francisco, California.

117 of the 943 hedge funds part of Insider Monkey’s database had bought Salesforce, Inc. (NYSE:CRM)’s shares in Q4 2022. The firm’s largest shareholder as of March 2023 is Ken Fisher’s Fisher Asset Management with a $2.8 billion stake.

2. HCA Healthcare, Inc. (NYSE:HCA)

Third Point’s Investment: $226.7 million

HCA Healthcare, Inc. (NYSE:HCA) is a healthcare company based in Nashville, Tennessee. It operates hospitals and outpatient healthcare centers.

After digging through 943 hedge funds for their December quarter of 2022 investments, Insider Monkey discovered that 64 had bought the firm’s shares. HCA Healthcare, Inc. (NYSE:HCA)’s largest investor is Natixis Global Asset Management’s Harris Associates since it owns a $1.3 billion stake.

1. Alphabet Inc. (NASDAQ:GOOG)

Third Point’s Investment: $492 million

Alphabet Inc. (NASDAQ:GOOG) is one of the largest technology companies in the world. It is based in Mountain View, California.

As of Q4 2022, 152 of the 943 hedge funds profiled by Insider Monkey had invested in Alphabet Inc. (NASDAQ:GOOG). Its largest shareholder is Ken Fisher’s Fisher Asset Management with a $4.3 billion stake.

Disclosure: None. You can also take a look at 10 Stocks to Sell in 2023 According to Billionaire Steve Cohen and Warren Buffett’s 2023 Portfolio: Top 15 Stock Picks.

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