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Third Point dissolves stakes in Netflix, Microsoft and Alibaba

Daniel Loeb's Third Point dissolved its stakes in Netflix NFLX , Microsoft MSFT and Alibaba BABA as of Dec. 31, according to a Friday filing with the Securities and Exchange Commission. The hedge fund previously held 1.25 million shares of Netflix, 4.1 million shares of Microsoft and 4.05 million shares of Alibaba as of the quarter ended Sept. 30 last year. In the November filing, Third Point disclosed it had slashed its position in Netflix by more than 33 percent, but had increased its position in Microsoft. The filing comes after a difficult year for the fund, which saw a yearly loss of about 11 percent , according to figures obtained by CNBC's Leslie Picker.

First found on: finance.yahoo.com And then on: 2 other references