By Juliet Chung 
 

Daniel Loeb's Third Point LLC disclosed Friday it held new stakes in T-Mobile US Inc., Hertz Global Holdings and BlackBerry Ltd. as of Dec. 31.

Third Point's T-Mobile (TMUS) stake of 7.6 million shares was worth $257 million at the end of last year, according to the quarterly securities filing. In Third Point's year-end letter, the firm wrote that T-Mobile was priced at a discount to its peer companies and "is strategically interesting for Sprint and potentially DISH."

Third Point bought into T-Mobile during its secondary offering of stock, the letter said.

Third Point held six million shares of Hertz (HTZ), valued at about $172 million as of Dec. 31, and 10 million BlackBerry (BBRY, BB.T) shares worth about $74 million at the end of the year.

The hedge-fund more than doubled its stake in Nokia Corp. (NOK, NOK1V.HE) to 4.5 million shares, from 2 million the previous quarter, while halving its Yahoo Inc. (YHOO) stake, to 8 million shares.

Write to Juliet Chung at juliet.chung@wsj.com

Order free Annual Report for Crown Holdings, Inc.

Visit http://djnewswires.ar.wilink.com/?link=CCK or call 1-888-301-0513

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Williams Companies (NYSE:WMB)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Williams Companies Charts.
Williams Companies (NYSE:WMB)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Williams Companies Charts.