Dan Loeb is known as a mover and a shaker in the investing world. He founded the New York-based hedge fund Third Point in 1995. It now has roughly $11.5 billion in assets under management. Loeb's net worth stands at $3.3 billion, according to Forbes.

The activist investor did some moving and shaking in his hedge fund's portfolio in the fourth quarter of 2023. Loeb reduced his stakes in Amazon (NASDAQ: AMZN) and (NASDAQ: MSFT). However, the billionaire investor bought another "Magnificent Seven" stock.

Loeb sold 210,000 shares of Microsoft in Q4. While this reduced Third Point's stake in the tech giant by over 9.4%, Microsoft remains the second-largest holding in the hedge fund's portfolio.

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Source Fool.com