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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
+14.74%
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
$5.8B
AUM Growth
+$1.71B
Cap. Flow
+$931M
Cap. Flow %
16.04%
Top 10 Hldgs %
48.35%
Holding
55
New
18
Increased
15
Reduced
10
Closed
10

Top Buys

Rank Stock Value
1
DD icon
DuPont de Nemours
DD
+$313M
2
TMUS icon
T-Mobile US
TMUS
+$209M
3
WMB icon
Williams Companies
WMB
+$153M
4
HRI icon
Herc Holdings
HRI
+$143M
5
CCK icon
Crown Holdings
CCK
+$128M

Top Sells

Rank Stock Value
1
YHOO
Yahoo Inc
YHOO
+$287M
2
CF icon
CF Industries
CF
+$183M
3
ELN
ELAN CORP ADS(RP1 ORD4IRISH PN
ELN
+$156M
4
TMO icon
Thermo Fisher Scientific
TMO
+$143M
5
AIG icon
American International
AIG
+$125M

Sector Composition

Rank Sector Weight
1 Energy 19.35%
2 Industrials 18.35%
3 Communication Services 13.42%
4 Financials 8.14%
5 Consumer Staples 7.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EQT icon
26
EQT Corp
EQT
$33.6B
$94.3M 1.62%
1,928,850
+91,850
+5% +$4.34M
MPC icon
27
Marathon Petroleum
MPC
$101B
$91.7M 1.58%
2,000,000
-500,000
-20% -$19.2M
FNF icon
28
Fidelity National Financial
FNF
$12.7B
$89.2M 1.54%
4,816,698
+1,138,493
+31% +$18.4M
NLSN
29
DELISTED
Nielsen Holdings plc
NLSN
$78M 1.34%
1,700,000
+700,000
+70% +$28.6M
LBTYK icon
30
Liberty Global Class C
LBTYK
$3.55B
$75.9M 1.31%
2,224,973
-2,101,363
-49% -$65.6M
BB icon
31
BlackBerry
BB
$4.71B
$74.4M 1.28%
+10,000,000
New +$70.6M
ATVI
32
DELISTED
Activision Blizzard
ATVI
$71.3M 1.23%
4,000,000
+1,400,000
+54% +$24.1M
PGEN icon
33
Precigen
PGEN
$2.58B
$58.6M 1.01%
2,656,849
+406,614
+18% +$8.22M
AAPL icon
34
Apple
AAPL
$4.51T
$56.1M 0.97%
+2,800,000
New +$52.9M
ENPH icon
35
Enphase Energy
ENPH
$5.1B
$47.2M 0.81%
7,448,987
– –
CYT
36
DELISTED
CYTEC INDS INC
CYT
$46.6M 0.8%
1,000,000
+863,400
+632% +$37.4M
NXPI icon
37
NXP Semiconductors
NXPI
$56.9B
$45.9M 0.79%
+1,000,000
New +$41.2M
COLE
38
DELISTED
COLE REAL ESTATE INVESTMENTS, INC COM
COLE
$45.6M 0.79%
+3,250,000
New +$44.3M
NOK icon
39
Nokia
NOK
$57B
$36.5M 0.63%
4,500,000
+2,500,000
+125% +$18.8M
CQH
40
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
$28.1M 0.48%
+1,500,000
New +$28.6M
NRF
41
DELISTED
NorthStar Realty Finance Corp.
NRF
$26.9M 0.46%
+1,018,500
New +$20.6M
GM icon
42
CALL
General Motors
GM
$77.2B
$3.29M 0.06%
+80,500
New +$3.04M
AGN
43
CALL
DELISTED
Allergan plc
AGN
$2.52M 0.04%
+15,000
New +$2.34M
GRBK icon
44
Green Brick Partners
GRBK
$3.09B
$1.78M 0.03%
1,598,064
– –
DD icon
45
CALL
DuPont de Nemours
DD
$18.7B
$1.02M 0.02%
+9,082
New +$931K
CF icon
46
CALL
CF Industries
CF
$19.6B
– –
-120,000
Closed -$328K
CF icon
47
CF Industries
CF
$19.6B
– –
-4,350,000
Closed -$183M
DIS icon
48
Walt Disney
DIS
$186B
– –
-500,000
Closed -$32.2M
LNG icon
49
CALL
Cheniere Energy
LNG
$57.3B
– –
-64,000
Closed -$248K
TMO icon
50
Thermo Fisher Scientific
TMO
$233B
– –
-1,550,000
Closed -$143M
1
2
3

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Daniel Loeb's Q4 2013 Portfolio in Review

As of Q4 2013, Daniel Loeb held 55 positions worth $5.8B, up 42% from $4.09B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Daniel Loeb deployed $931M of net new capital in Q4 2013, opening 18 new positions and adding to 15 existing holdings. Its largest new stake was DuPont de Nemours: 3,050,457 shares worth $343M.

By sector, the portfolio is most concentrated in Energy at 19% of assets, down from 22% a quarter earlier, followed by Industrials and Communication Services.

On the sell side, the largest reduction was Yahoo Inc, an estimated $287M trimmed.

  • Daniel Loeb's largest Q4 2013 buy was DuPont de Nemours: 3,050,457 shares worth $343M.
  • Daniel Loeb added most to Gilead Sciences in Q4 2013, an estimated $69.6M increase.
  • Daniel Loeb's biggest Q4 2013 reduction was Yahoo Inc, cutting an estimated $287M.
  • Daniel Loeb fully exited CF Industries in Q4 2013, selling an estimated $183M.
  • Daniel Loeb's ten largest holdings make up 48% of its $5.8B portfolio in Q4 2013.
  • Daniel Loeb opened 18 new positions and closed 10 in Q4 2013.
  • Daniel Loeb's portfolio value rose 42% quarter-over-quarter to $5.8B.

Based on Third Point's 13F filing for Q4 2013, filed 14 Feb 2014.