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

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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.

This article was originally published by Marketwatch.com. Read the original article here.

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