Daniel Loeb's Third Point hedge fund has made notable adjustments to its investment portfolio in the fourth quarter. The fund sold off its entire position in Apple Inc. ($AAPL) while increasing its stake in Meta Platforms Inc. ($META) and also boosted its holdings in gambling stocks. This strategic shift reflects Third Point's ongoing focus on the so-called 'Magnificent Seven' stocks, which include major technology and social media companies. The changes were disclosed in the fund's 13F filing, highlighting a significant reallocation of assets within its investment strategy.