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: Here’s what else besides Disney that hedge fund Third Point loaded up on recently

Activist investor Daniel Loeb’s Third Point LLC has bought new stakes in T-Mobile US Inc. and Colgate Palmolive Co. , and sold off holdings on EV maker Rivian Automotive Inc. and Amazon.com Inc., among other investment decisions, according to a filing late Monday.

Third Point earlier Monday disclosed a fresh stake on Walt Disney Co., saying it would seek changes in the media giant.

In a letter to Disney
DIS,
+2.21%
,
the fund, which manages about $14 billion in assets, suggested cost cuts, a continuation of the dividend halt in order to conserve cash, and a spinoff of Disney’s ESPN business, among other proposals. Third Point bought 1 million Disney shares in the quarter ended June 30, according to the filing.

Third Point also bought more nearly 1.99 million shares of Colgate Palmolive
CL,
+1.18%
,
and nearly half a million shares of T-Mobile
TMUS,
+0.16%
.

The hedge fund got rid of its Amazon.com
AMZN,
-0.26%

and Rivian
RIVN,
-4.16%

holdings, as well as its Dell Technologies Inc.
DELL,
+0.17%
,
Intuit Inc.
INTU,
+0.53%

and Microsoft Corp.
MSFT,
+0.53%

positions.

Third Point also sold off all its stakes in Western Digital Corp.
WDC,
-2.09%

and Zendesk Inc.
ZEN,
-0.05%
,
among others.

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