Daniel Loeb Third Point
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$495M |
| 2 |
CF Industries
CF
|
+$235M |
| 3 |
Verizon
VZ
|
+$166M |
| 4 |
Roper Technologies
ROP
|
+$157M |
| 5 |
CTXS
Citrix Systems Inc
CTXS
|
+$151M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
YHOO
Yahoo Inc
YHOO
|
+$324M |
| 2 |
Liberty Global Class A
LBTYA
|
+$160M |
| 3 |
Abbott
ABT
|
+$125M |
| 4 |
BEAV
B/E Aerospace Inc
BEAV
|
+$117M |
| 5 |
Gilead Sciences
GILD
|
+$113M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 15.88% |
| 2 | Industrials | 13.5% |
| 3 | Energy | 12.27% |
| 4 | Materials | 9.95% |
| 5 | Consumer Staples | 9.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Broadcom
AVGO
$1.75T
| $129M | 1.89% |
+20,000,000
| New | +$117M |
|
27
H&R Block
HRB
$6.62B
| $106M | 1.55% |
+3,500,000
| New | +$105M |
|
28
Masco
MAS
$14.5B
| $105M | 1.55% |
+5,405,500
| New | +$107M |
|
29
American Airlines Group
AAL
$9.15B
| $98.8M | 1.45% |
+2,700,001
| New | +$91.9M |
|
30
Citigroup
C
$221B
| $95.2M | 1.4% |
+2,000,000
| New | +$99.6M |
|
31
EQT Corp
EQT
$33.6B
| $87.3M | 1.28% |
1,653,300
-275,550
| -14% | -$14.4M |
|
32
Signet Jewelers
SIG
$3.16B
| $84.7M | 1.24% |
+800,000
| New | +$69.8M |
|
33
YPF Sociedad Anonima ADS
YPF
$20.1B
| $82.6M | 1.21% |
+2,650,000
| New | +$74M |
|
34
Sensata Technologies
ST
$6.23B
| $78.9M | 1.16% |
+1,850,000
| New | +$73.7M |
|
35
Precigen
PGEN
$2.58B
| $78.9M | 1.16% |
3,138,999
+482,150
| +18% | +$13.3M |
|
36
Ashland
ASH
$3.33B
| $74.6M | 1.1% |
+1,533,000
| New | +$72M |
|
37
Enphase Energy
ENPH
$5.1B
| $54.8M | 0.81% |
7,448,987
| – | – |
|
38
NCR Voyix
VYX
$1.09B
| $54.8M | 0.81% |
+2,445,000
| New | +$51.9M |
|
39
Baidu
BIDU
$31.6B
| $53.3M | 0.78% |
350,000
-250,000
| -42% | -$41.8M |
|
|
TWC
40
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $52.1M | 0.77% |
+380,000
| New | +$52M |
|
41
Mondelez International
MDLZ
$82.3B
| $51.8M | 0.76% |
+1,500,000
| New | +$51.3M |
|
42
CALL
American International
AIG
$39.8B
| $50M | 0.73% |
1,000,000
-4,000,000
| -80% | -$199M |
|
43
TIM SA
TIMB
$8.52B
| $41.5M | 0.61% |
+1,600,000
| New | +$41.5M |
|
|
ONIT
44
Onity Group
ONIT
$301M
| $39.2M | 0.58% |
+66,667
| New | +$43.3M |
|
45
Nokia
NOK
$57B
| $33M | 0.49% |
4,500,000
| – | – |
|
46
Bausch Health
BHC
$2.41B
| $33M | 0.48% |
+250,000
| New | +$34.2M |
|
47
Green Brick Partners
GRBK
$3.09B
| $7.62M | 0.11% |
1,598,064
| – | – |
|
48
Apple
AAPL
$4.51T
| – | – |
-2,800,000
| Closed | -$56.1M |
|
|
49
Abbott
ABT
$202B
| – | – |
-3,250,000
| Closed | -$125M |
|
50
BlackBerry
BB
$4.71B
| – | – |
-10,000,000
| Closed | -$74.4M |
|
Similar funds
Daniel Loeb's Q1 2014 Portfolio in Review
As of Q1 2014, Daniel Loeb held 67 positions worth $6.81B, up 17% from $5.8B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Daniel Loeb deployed $961M of net new capital in Q1 2014, opening 22 new positions and adding to 8 existing holdings. Its largest new stake was Allergan plc: 2,500,000 shares worth $515M.
By sector, the portfolio is most concentrated in Communication Services at 16% of assets, up from 13% a quarter earlier, followed by Industrials and Energy.
On the sell side, the largest reduction was American International, an estimated $74.6M trimmed.
- Daniel Loeb's largest Q1 2014 buy was Allergan plc: 2,500,000 shares worth $515M.
- Daniel Loeb added most to Liberty Global Class C in Q1 2014, an estimated $149M increase.
- Daniel Loeb's biggest Q1 2014 reduction was American International, cutting an estimated $74.6M.
- Daniel Loeb fully exited Yahoo Inc in Q1 2014, selling an estimated $324M.
- Daniel Loeb's ten largest holdings make up 44% of its $6.81B portfolio in Q1 2014.
- Daniel Loeb opened 22 new positions and closed 20 in Q1 2014.
- Daniel Loeb's portfolio value rose 17% quarter-over-quarter to $6.81B.
Based on Third Point's 13F filing for Q1 2014, filed 15 May 2014.