Tariffs Test Loeb's Financial Picks: Third Point Adjusts Bets As Markets Brace For Economic Blowback

Hedge fund manager Dan Loeb had five major financial stocks in the Third Point LLC portfolio, each on the downtrend.

What Happened: Last week, shares of companies within the broader financials sector traded lower as markets reacted to President Trump‘s sweeping tariff announcement.

Here’s a look at some of Loeb’s financial stocks year-to-date:

Apollo Global Management, Inc. (NYSE:APO): Shares dropped 33.54% compared to Fidelity Disruptive Finance ETF (NASDAQ:FDFF) decline of 17.85% YTD. As of the fourth quarter of 2024, the investor lowered the stake to 400,000 shares from 950,000 shares as of the third quarter of 2024.

Brookfield Corporation (NYSE:BN): The stock dipped 20.59% vs its peer BlackRock, Inc. ...

https://www.benzinga.com/25/04/44698171/trumps-tariff-push-sends-financials-lower-loebs-portfolio-take-a-hit