Loeb Cashes Out Some Amazon and Microsoft While Doubling Down on Meta's Turnaround Potential

• Dan Loeb sold part of his stakes in Amazon and Microsoft in Q4 2023 to take some profits from the stocks' gains in 2022.

• Loeb increased his stake in Meta Platforms by 5.5% in Q4, making it the 6th largest holding in his hedge fund.

• Loeb likely sees potential in Meta's efforts to increase profitability, which paid off with significantly higher earnings in 2023.

• Meta's stock has skyrocketed over 45% since end of 2023, so Loeb's move to buy more shares has paid off so far.

• Though Loeb trimmed Amazon and Microsoft stakes, all 3 tech giants have strong growth potential in cloud, AI, messaging, etc. so remain solid long-term bets.