Daniel Loeb
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(This story is for CNBC Pro subscribers solely).
Hedge fund supervisor Dan Loeb purchased a stake in pink scorching Snowflake and it was one in all his massive winners in September, in keeping with the month-to-month investor report from Third Level.
Loeb’s agency, which has greater than $13 billion in complete belongings, reported a return of 11.7% within the third quarter for its Third Level Offshore Fund, beating each the S&P 500 and the MSCI World Index.
The month-to-month report doesn’t present the scale of the place in Snowflake (which was first spotted by CNBC’s Scott Wapner), however it does element the fund’s high holdings.
