Dan Loeb reveals a stake in a semiconductor ETF: find out more

Billionaire Dan Loeb's flagship hedge fund, Third Point, recalibrated its portfolio in the first quarter of 2026, leaning heavily into the AI trade by initiating a new position in the Vaneck Semiconductor ETF (SMH). Loeb simultaneously increased exposure to individual chip-equipment makers – including ASML, Lam Research, and KLA Corp. Other notable investments he made in Q1 include Broadcom and AI infrastructure name Hut 8.