Three months after announcing a deal to sell back 40M shares to Yahoo (YHOO) and thereby bring its total stake in the company down to 20M, Dan Loeb's Third Point LLC discloses it owned 16M Yahoo shares at the end of Q3. That translates into a 1.6% stake in the company whose shares have soared over the last 12 months thanks to Alibaba IPO hopes. (13F)
Third Point's Nokia (NOK) stake only amounted to 2M shares (current value of $15.8M) at quarter's end. Nokia rallied on Oct. 22 after Loeb disclosed he had taken a position, and provided his reasons.
The firm's position in Tibco (TIBX) was pared to 4.425M shares (2.7% stake) from a prior 5M. There's ongoing speculation Loeb will make Tibco an activist target.
A new 2.6M-share position was taken in Activision (ATVI), which just finished a massive leveraged recap deal with Vivendi.