Hedge fund Third Point's Ultra fund gained 0.9 percent in June, taking its year-to-date performance to 17.2 percent, a source familiar with the matter said on Monday, giving activist investor Dan Loeb a boost as he pushes for a shake-up at Nestle.
Third Point, a New York-based hedge fund, revealed a $3.5 billion stake in Nestle in a June 25 letter to shareholders.
It said it owned roughly 40 million shares of the world's largest packaged food maker in its funds and a special purpose vehicle raised for the opportunity.
(Reporting by Maiya Keidan and Martinne Geller, editing by Louise Heavens)