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Daniel Loeb Third Point

AUM $4.68B
1-Year Est. Return 37.3%
 

Daniel Loeb is the founder of Third Point, an event-driven and activist-oriented hedge fund. He is known for pointed letters to management teams, catalyst-driven investing, and a flexible mandate across equities and credit. Loeb’s campaigns and portfolio shifts regularly generate attention beyond specialist hedge fund circles.

This Fund
S&P 500
This Quarter Est. Return
+14.97%
1 Year Est. Return
+37.3%
3 Year Est. Return
+159.48%
5 Year Est. Return
+329.12%
10 Year Est. Return
+1,791.94%
AUM
$4.09B
AUM Growth
-$321M
Cap. Flow
-$848M
Cap. Flow %
-20.71%
Top 10 Hldgs %
63.43%
Holding
48
New
15
Increased
7
Reduced
11
Closed
11

Top Buys

Rank Stock Value
1
FDX icon
FedEx
FDX
+$216M
2
BID
Sotheby's
BID
+$162M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$97.6M
4
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$86.6M
5
EQT icon
EQT Corp
EQT
+$85.2M

Top Sells

Rank Stock Value
1
YHOO
Yahoo Inc
YHOO
+$1.3B
2
NWSA
NEWS CORPORATION CL-A
NWSA
+$130M
3
TIF
Tiffany & Co.
TIF
+$120M
4
TMO icon
Thermo Fisher Scientific
TMO
+$85.9M
5
DIS icon
Walt Disney
DIS
+$83.3M

Sector Composition

Rank Sector Weight
1 Energy 21.51%
2 Industrials 16.37%
3 Communication Services 13.95%
4 Financials 13.25%
5 Consumer Staples 9.76%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NLSN
26
DELISTED
Nielsen Holdings plc
NLSN
$36.5M 0.89%
+1,000,000
New +$34.3M
DIS icon
27
Walt Disney
DIS
$186B
$32.2M 0.79%
500,000
-1,300,000
-72% -$83.3M
GILD icon
28
Gilead Sciences
GILD
$181B
$31.4M 0.77%
+500,000
New +$29.9M
QVCGA
29
DELISTED
QVC Group Inc Series A
QVCGA
$29.3M 0.72%
+30,437
New +$29.6M
NOK icon
30
Nokia
NOK
$57B
$13M 0.32%
+2,000,000
New +$9.43M
IP icon
31
CALL
International Paper
IP
$22B
$7.16M 0.17%
4,818,528
+803,088
+20% +$35.7M
CYT
32
DELISTED
CYTEC INDS INC
CYT
$5.56M 0.14%
+136,600
New +$5.3M
GRBK icon
33
Green Brick Partners
GRBK
$3.09B
$3.81M 0.09%
1,598,064
– –
CF icon
34
CALL
CF Industries
CF
$19.6B
$328K 0.01%
+120,000
New +$4.6M
LNG icon
35
CALL
Cheniere Energy
LNG
$57.3B
$248K 0.01%
64,000
-32,000
-33% -$950K
DG icon
36
CALL
Dollar General
DG
$27.2B
$99K ﹤0.01%
+32,000
New +$1.76M
AGN
37
CALL
DELISTED
Allergan Inc
AGN
$51K ﹤0.01%
+17,500
New +$1.57M
DIS icon
38
CALL
Walt Disney
DIS
$186B
– –
-32,000
Closed -$53K
EEM icon
39
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
– –
-4,000,000
Closed -$320K
GILD icon
40
CALL
Gilead Sciences
GILD
$181B
– –
-128,000
Closed -$257K
MPC icon
41
CALL
Marathon Petroleum
MPC
$101B
– –
-2,000,000
Closed -$1.2M
STZ icon
42
CALL
Constellation Brands
STZ
$23.2B
– –
-94,500
Closed -$421K
WCC
43
WESCO International
WCC
$17B
– –
-1,100,000
Closed -$74.8M
WMB icon
44
Williams Companies
WMB
$86.2B
– –
-1,750,000
Closed -$56.8M
TIF
45
DELISTED
Tiffany & Co.
TIF
– –
-1,650,000
Closed -$120M
APC
46
CALL
DELISTED
Anadarko Petroleum
APC
– –
-32,000
Closed -$12K
ELN
47
CALL
DELISTED
ELAN CORP ADS(RP1 ORD4IRISH PN
ELN
– –
-3,500,000
Closed -$1.93M
NWSA
48
DELISTED
NEWS CORPORATION CL-A
NWSA
– –
-4,000,000
Closed -$130M
1
2

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Daniel Loeb's Q3 2013 Portfolio in Review

As of Q3 2013, Daniel Loeb held 48 positions worth $4.09B, down 7.3% from $4.41B the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Daniel Loeb withdrew a net $848M in Q3 2013, closing 11 positions and reducing 11 holdings. Its most notable exit was NEWS CORPORATION CL-A, an estimated $130M position sold in full.

By sector, the portfolio is most concentrated in Energy at 22% of assets, down from 43% a quarter earlier, followed by Industrials and Communication Services.

Against the trend, Daniel Loeb opened a new position in FedEx worth $228M.

  • Daniel Loeb's largest Q3 2013 buy was FedEx: 2,000,000 shares worth $228M.
  • Daniel Loeb added most to Sotheby's in Q3 2013, an estimated $162M increase.
  • Daniel Loeb's biggest Q3 2013 reduction was Yahoo Inc, cutting an estimated $1.3B.
  • Daniel Loeb fully exited NEWS CORPORATION CL-A in Q3 2013, selling an estimated $130M.
  • Daniel Loeb's ten largest holdings make up 63% of its $4.09B portfolio in Q3 2013.
  • Daniel Loeb opened 15 new positions and closed 11 in Q3 2013.
  • Daniel Loeb's portfolio value fell 7.3% quarter-over-quarter to $4.09B.

Based on Third Point's 13F filing for Q3 2013, filed 14 Nov 2013.