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Author: newsreporter Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 15589  
Subject: Hedge fund adding shares Date: 11/15/2011 6:29 PM
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HF Manager Loeb’s 3Q Yahoo! Buy, Tech Take
http://goo.gl/BW3yy


Hedge fund manager Daniel Loeb bought Yahoo! (YHOO) stock in the third quarter and his hedge fund still ranks among Yahoo!’s largest institutional shareholders, according to fresh ownership filings.

Technology was the largest sector weighting in the quarter for Third Point, Loeb’s hedge fund operation, at 35.5% of holdings. Filings show Third Point added 48 million Yahoo! shares – valued at $768 million – during the third quarter.

Loeb has been a noted critic of Yahoo! and lobbyist for a board shakeup, including the removal of co-founder Jerry Yang from the board. Loeb reportedly was talking with the board before it ousted CEO Carol Bartz in September, according to a September Wall Street Journal story. Third Point held a small call position on Yahoo! in the third quarter.
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