Daniel Loeb

Full summary

Loeb executed a broad portfolio reshuffle in Q2 2026, deploying capital across 16 new positions while trimming select existing holdings. The largest move was a $533.2M opening stake in WBD (≈11% of disclosed book), signaling a concentrated bet on the media and entertainment name. Simultaneously, Loeb added $316.0M to GOOGL (≈7% of disclosed book, +486% QoQ), marking a dramatic expansion of his technology exposure in the quarter. Beyond the headline moves, Loeb opened positions in KEYS ($204.8M, ≈4% of portfolio), FLEX ($166.9M, ≈4% of portfolio), and XYZ ($194.5M, ≈4% of portfolio), establishing material stakes across industrials, electronics manufacturing, and an unnamed ticker. He also initiated smaller positions in TTMI, PFGC, HUT, and SYY, while adding to existing holdings in TDG (+$76.3M, +216% QoQ) and HUT (+$111.0M, +51% QoQ). On the exit side, Loeb trimmed AMZN for a 3rd consecutive quarter (−190.0k shares in 2026-Q2, −10% QoQ) and trimmed SN for a 3rd consecutive quarter (−130.5k shares in 2026-Q2), signaling sustained skepticism of both mega-cap cloud and semiconductor names. Smaller trims to CRS (−31% QoQ) and MTZ (−9% QoQ) rounded out the rebalancing. The window reflects a shift toward media, industrials, and selective technology exposure, away from cloud and semiconductor concentration.

Underlying filings

1. Institutional holdingDaniel LoebJun 30, 2026Opened position in GOOGL · 1.3M shares · $66.2M
2. Institutional holdingDaniel LoebJun 30, 2026Opened position in APLD · 22.0k shares · $820.6k
3. Institutional holdingDaniel LoebJun 30, 2026Trimmed MTZ · −30.0k shares · +$17.7M
4. Institutional holdingDaniel LoebJun 30, 2026Opened position in KEYS · 585.0k shares · $204.8M
5. Institutional holdingDaniel LoebJun 30, 2026Opened position in TTMI · 505.0k shares · $94.4M
6. Institutional holdingDaniel LoebJun 30, 2026Added to APG · +835.0k shares · +$39.1M
7. Institutional holdingDaniel LoebJun 30, 2026Opened position in SYY · 580.0k shares · $48.2M
8. Institutional holdingDaniel LoebJun 30, 2026Opened position in RIOT · 3.5M shares · $7.0M
9. Institutional holdingDaniel LoebJun 30, 2026Opened position in LAR · 625.0k shares · $611.8k
10. Institutional holdingDaniel LoebJun 30, 2026Opened position in EROC · 83.0k shares · $1.2M
11. Institutional holdingDaniel LoebJun 30, 2026Added to HUT · +445.4k shares · +$111.0M
12. Institutional holdingDaniel LoebJun 30, 2026Opened position in GOOGL · 200.0k shares · $10.1M
13. Institutional holdingDaniel LoebJun 30, 2026Opened position in WBD · 20.0M shares · $533.2M
14. Institutional holdingDaniel LoebJun 30, 2026Trimmed AMZN · −190.0k shares · +$13.1M
15. Institutional holdingDaniel LoebJun 30, 2026Opened position in PFGC · 675.0k shares · $75.5M
16. Institutional holdingDaniel LoebJun 30, 2026Trimmed CRS · −95.0k shares · +$10.4M
17. Institutional holdingDaniel LoebJun 30, 2026Opened position in WOLF · 10.0k shares · $482.5k
18. Institutional holdingDaniel LoebJun 30, 2026Added to GOOGL · +850.0k shares · +$316.0M
19. Institutional holdingDaniel LoebJun 30, 2026Added to TDG · +54.0k shares · +$76.3M
20. Institutional holdingDaniel LoebJun 30, 2026Opened position in FLEX · 1.0M shares · $166.9M
21. Institutional holdingDaniel LoebJun 30, 2026Opened position in XYZ · 2.6M shares · $194.5M
22. Institutional holdingDaniel LoebJun 30, 2026Added to SGI · +300.0k shares · +$33.7M
23. Institutional holdingDaniel LoebJun 30, 2026Opened position in ARES · 375.0k shares · $41.7M