The article discusses recent investment strategies of billionaire investors, notably Dan Loeb of Third Point, who sold Meta Platforms shares and acquired CVS. As stocks become increasingly expensive, particularly within the 'Magnificent Seven', some hedge fund managers are diversifying their portfolios. The piece suggests that as market conditions fluctuate, it may be wise to take profits on successful investments while seeking out undervalued opportunities that could perform well in the upcoming year.
Investors may wish to take profits on winners and scoop up deep-value plays as the market gets wobblier in 2025.
Dan Loeb, hedge fund manager at Third Point, was quite active in the past year.
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