Daniel Loeb is something of an iconic figure in the annals of Wall Street. The billionaire is CEO of Third Point, the hedge fund he founded in 1995. Loeb secured his place in investor history by starting Third Point with just $3 million in seed money -- collected from family and friends -- and parlaying that into a $6 billion financial empire. In 2022, Loeb made the list of the "Best Hedge Fund Managers of All Time." Over the past year, Loeb's Third Point's holdings have been heavily weighted toward the so-called "Magnificent Seven" stocks.