Daniel Loeb acquired 2.9M Granite Construction shares worth $314M. That's 4.29% of their equity portfolio (7th largest holding). The investor owns 6.66% of the outstanding Granite Construction stock. Daniel Loeb started to build up the position in Granite Construction in Q1 2007 and continued to invest until Q2 2007. Since then they sold 350k shares. The stake costed the investor $174M, netting the investor a gain of 81% so far.