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Billionaire investor and hedge fund owner Daniel Loeb told clients that one of his portfolios nursed small losses last month but was helped by positions in Snowflake Inc and Pinterest Inc, two fast-growing technology companies.

The Third Point Offshore Fund is now up 3.6% for the year after slipping 0.7% in September following a gain of 8.4% in August.

Loeb recently overhauled the portfolio to include more tech names, a move that helped wipe away the year’s losses.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 01/03/24 7:00pm EST.

SymbolName% changeLast
PINS-N
Pinterest Inc
-0.82%36.4
SNOW-N
Snowflake Inc Cl A
-0.83%186.72

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