Daniel Loeb acquired 2.9 Million Granite Construction shares worth $156 Million. That's 2.21% of their equity portfolio (17th largest holding). The investor owns 6.39% 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 350 Thousand shares. The investor's estimated purchase price is $174 Million, resulting in a loss of 10%.