Dan Loeb’s Third Point discloses new positions in Piinterest (NYSE:PINS) and Snowflake (NYSE:SNOW) in its monthly investor newsletter, and Bloomberg sources say the investments are passive.
The companies were both mentioned in Third Point’s list of month-to-date winners, which also included PG&E and Daimler.
Third Point had a position in Pinterest for a short time last year.
Berkshire Hathaway has a roughly 2.2% stake in Snowflake after buying 2.1M shares in the IPO and 4M from a selling shareholder.
Last week, Salesforce reported a 9.9% passive stake in SNOW.
Snowflake shares are up 4.6% to $237.55.