Daniel Loeb's Third Point exits stakes in Paysafe, DiDi; takes new position in Grab

Feb. 14, 2022 6:04 PM ETPaysafe Limited (PSFE), DIDIY, ALIT, PRMEDR, GRAB, HTZ, UPST, PCGBy: Max Gottlich, SA News Editor19 Comments

DiDi Labs offices in Silicon Valley

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  • Hedge fund billionaire Daniel Loeb's Third Point fully exited its stake in Paysafe (NYSE:PSFE), according to its most recent 13-F filing. Leon Cooperman and David Tepper's Appaloosa closed its positions on PSFE as well.
  • Third Point also closed positions in DiDi Global (NYSE:DIDI) from 13.08M shares and Endeavor Group (NYSE:EDR) from 12.5M.
  • Took new stakes in Grab (NASDAQ:GRAB) with 12.41M shares, Perimeter Solutions (NYSE:PRM) with 6.45M and Hertz Global (NASDAQ:HTZ) with 6M.
  • Trimmed stakes in Alight (NYSE:ALIT) to 8.37M from 17M, Upstart (NASDAQ:UPST) to 4M from 12.4M and PG&E (NYSE:PCG) to 77M from 81.94M.
  • Previously, (Nov. 24, 2021) Third Point reportedly made $300M on Rivian IPO.

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