Dan Loeb took 6.5 mln share stake in T-Mobile USA in second quarter
Dan Loeb's Third Point hedge fund took a 6.5 million share stake in telecommunications firm T-Mobile USA in the second quarter, according to a 13F filing with the Securities and Exchange Commission. The filings detail holdings as of the end of the quarter by large investors.The T-Mobile stake ws worth $252 million on June 30. Loeb also took a new position in Sealed Air Corp. , buying 4.85 million shares valued at $249 million as of June 30. As previously disclosed, Loeb took a stake in pharmaceutical firm Baxter International , buying 4.85 million shares valued at around $310.4 million as of June 30. During the quarter, Loeb also cut his stake in lender Ally Financial by nearly two-thirds, selling 16 million shares, the filing showed.
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