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Jan 14, 2026 8:00 PM

Billionaire Investor Dumps Workday Stake, And It's Not The First Time

Activist investor Dan Loeb’s Third Point LLC fully shed its stake in software company Workday, Inc. (NASDAQ:WDAY) in the third quarter of 2025.

The hedge fund liquidated its remaining 300,000 shares in the third quarter, marking its second full exit from Workday in 2025 after having previously sold out in Q1.

Third-Quarter FY26 Earnings Beat

In November, Workday reported adjusted earnings per share of $2.32 for the third quarter, beating the estimate of $2.18 and revenue of $2.43 billion, beating the consensus estimate of $2.41 billion.

Workday ended the period with a 12-month subscription revenue backlog of $8.21 billion, up 17.6% year-over-year, supported in part by the acquisition of Paradox.

Management ...