Loeb Sells Some Amazon and Microsoft, Buys More Meta in Q4 Stock Trades

• Dan Loeb sold part of his holdings in Amazon and Microsoft stocks in Q4 2022 to take profits after solid gains.

• However, Loeb increased his position in Meta Platforms stock by 5.5% as he sees potential for profitability improvements.

• Loeb has a history of trading these "Magnificent Seven" tech stocks, buying and selling them multiple times since 2016.

• Loeb's Meta investment is already paying off, with the stock up over 45% year-to-date in 2023.

• Loeb likely sold some Amazon and Microsoft shares to avoid overconcentration in those stocks, but the author thinks all three remain strong long-term picks.