Billionaire hedge fund manager Dan Loeb’s Third Point LLC took new positions in banking giants J.P. Morgan Chase and Bank of America in the fourth quarter, while dumping his stake in biopharmaceutical company Allergan, according to a regulatory filing on Friday. Among other moves, Third Point held 17.5 million shares of Bank of America as of Dec. 31, according to filings tracker Whalewisdom.com. Other new stakes included 5.25 million shares of J.P. Morgan Chase. The firm sold its entire stake of 3.785 million shares of Allergan . Large investors must disclose the long stock positions they held at the end of each quarter.
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