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Mar 4, 2026 4:01 PM

Billionaire Investor Cuts Amazon And Starts Fresh With Alibaba

Hedge fund billionaire Daniel Loeb shuffled his stake in the broadline retail industry at Third Point LLC in the fourth quarter of FY25.

The investor trimmed its stake in one e-commerce retail giant and bought a stake in another.

Loeb opened a new position in Alibaba Group Holding Ltd (NYSE:BABA), acquiring 825,000 shares in the quarter.

Meanwhile, the fund trimmed its position in Amazon.com Inc (NASDAQ:AMZN) from roughly 2.81 million shares to 2.165 million shares.

Amazon: Recent Key Events

Amazon posted fourth-quarter revenue of $213.39 billion, topping estimates, while EPS of $1.95 narrowly missed expectations. First quarter sales are projected at $173.5 billion–$178.5 billion (up 11%–15% YoY), roughly in line with forecasts.

The company plans to raise capex to $200 billion, expand same-day prescription delivery to 4,500 U.S. cities by end-2026, and discontinue its Blue Jay warehouse robot.

Separately, a Washington court allowed negligence lawsuits to proceed, an AWS UAE data center fire disrupted regional services, and Amazon committed ...