Billionaire Investor Dan Loeb Follows Warren Buffett And Marc Benioff Into Snowflake | Markets Insider
Summary List Placement Billionaire hedge-fund manager Dan Loeb has joined Warren Buffett and Marc Benioff as a Snowflake shareholder. Loeb's Third Point, which counts Amazon and Alibaba among its biggest holdings, revealed a position in Snowflake in its latest portfolio update. Buffett's Berkshire Hathaway and Benioff's Salesforce both purchased Snowflake stock in private placements immediately after it went public last month. Snowflake is a natural fit for Third Point and Salesforce's tech-heavy portfolios, but it's an unusual bet for Berkshire given Buffett's past warnings against tech stocks and IPOs. Visit Business Insider's homepage for more stories.