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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
+13.4%
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
$9.86B
AUM Growth
-$741M
Cap. Flow
-$1.74B
Cap. Flow %
-17.67%
Top 10 Hldgs %
82.43%
Holding
35
New
3
Increased
4
Reduced
10
Closed
7

Top Buys

Rank Stock Value
1
AGN
Allergan plc
AGN
+$515M
2
CB icon
Chubb
CB
+$170M
3
MS icon
Morgan Stanley
MS
+$99.7M
4
DD icon
DuPont de Nemours
DD
+$88.7M
5
AXTA icon
Axalta
AXTA
+$67M

Top Sells

Rank Stock Value
1
YUM icon
Yum! Brands
YUM
+$837M
2
KHC icon
Kraft Heinz
KHC
+$603M
3
TMUS icon
T-Mobile US
TMUS
+$259M
4
NXPI icon
NXP Semiconductors
NXPI
+$170M
5
PPLI
People Inc
PPLI
+$163M

Sector Composition

Rank Sector Weight
1 Healthcare 54.96%
2 Materials 13.83%
3 Consumer Discretionary 8.22%
4 Consumer Staples 8.12%
5 Technology 5.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
YUM icon
26
Yum! Brands
YUM
$41.8B
$5.5M 0.06%
104,742
-16,030,858
-99% -$837M
C.WS.A
27
DELISTED
Citigroup Inc
C.WS.A
$3.6M 0.04%
20,000,000
– –
BUD icon
28
CALL
AB InBev
BUD
$155B
– –
-1,250,000
Closed -$133M
PPLI
29
People Inc
PPLI
$2.86B
– –
-13,988,519
Closed -$163M
NXPI icon
30
NXP Semiconductors
NXPI
$56.9B
– –
-1,950,000
Closed -$170M
PGEN icon
31
Precigen
PGEN
$2.58B
– –
-1,513,500
Closed -$47.7M
TMUS icon
32
CALL
T-Mobile US
TMUS
$196B
– –
-2,000,000
Closed -$79.6M
TMUS icon
33
T-Mobile US
TMUS
$196B
– –
-6,500,000
Closed -$259M
YUM icon
34
CALL
Yum! Brands
YUM
$41.8B
– –
-166,920
Closed -$9.59M
1
2

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Daniel Loeb's Q4 2015 Portfolio in Review

As of Q4 2015, Daniel Loeb held 35 positions worth $9.86B, down 7% from $10.6B the previous quarter. Its ten largest holdings account for 82% of the portfolio.

Daniel Loeb withdrew a net $1.74B in Q4 2015, closing 7 positions and reducing 10 holdings. Its most notable exit was T-Mobile US, an estimated $259M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 55% of assets, up from 41% a quarter earlier, followed by Materials and Consumer Discretionary.

Against the trend, Daniel Loeb opened a new position in Chubb worth $175M.

  • Daniel Loeb's largest Q4 2015 buy was Chubb: 1,500,000 shares worth $175M.
  • Daniel Loeb added most to Allergan plc in Q4 2015, an estimated $515M increase.
  • Daniel Loeb's biggest Q4 2015 reduction was Yum! Brands, cutting an estimated $837M.
  • Daniel Loeb fully exited T-Mobile US in Q4 2015, selling an estimated $259M.
  • Daniel Loeb's ten largest holdings make up 82% of its $9.86B portfolio in Q4 2015.
  • Daniel Loeb opened 3 new positions and closed 7 in Q4 2015.
  • Daniel Loeb's portfolio value fell 7% quarter-over-quarter to $9.86B.

Based on Third Point's 13F filing for Q4 2015, filed 12 Feb 2016.