Daniel Loeb acquired 1.25M Vistra shares worth $237M. That's 3.24% of their equity portfolio (11th largest holding). The first Vistra trade was made in Q1 2023. Since then Daniel Loeb bought shares four more times and sold shares on four occasions. The stake costed the investor $45.2M, netting the investor a gain of 424% so far.
Third Point Management, a New York-based investment advisor, released its first-quarter 2024 investor letter. A copy of the same can be downloaded here. The ...