Dan Loeb’s hedge fund Third Point LLC bought more than a half a million Class A share position of Google parent Alphabet Inc. , according to a Securities and Exchange Commission filing late Friday. Third Point created the new position of 534,030 Alphabet shares, while eliminating positions in Ace Ltd. , eBay Inc. , and Morgan Stanley . The hedge fund also cut its positions in Allergan PLC and Amgen Inc. by more than half. Third Point also created new positions in VMWare Inc. , 21st Century Fox Inc. , and Lowe’s Cos. , according to the filing.
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