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 |
Alphabet (Google) Class A
GOOGL
|
+$387M |
| 2 |
Netflix
NFLX
|
+$385M |
| 3 |
Intercontinental Exchange
ICE
|
+$378M |
| 4 |
AET
Aetna Inc
AET
|
+$318M |
| 5 |
Lennar Class A
LEN
|
+$311M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Baxter International
BAX
|
+$321M |
| 2 |
Bank of America
BAC
|
+$310M |
| 3 |
T-Mobile US
TMUS
|
+$237M |
| 4 |
Elevance Health
ELV
|
+$186M |
| 5 |
SHPG
Shire pic
SHPG
|
+$184M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 20.82% |
| 2 | Financials | 14.34% |
| 3 | Materials | 13.98% |
| 4 | Communication Services | 13.67% |
| 5 | Consumer Discretionary | 13.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PE
26
DELISTED
PARSLEY ENERGY INC
PE
| $169M | 1.22% |
5,750,000
+400,000
| +7% | +$10.7M |
|
27
Dover
DOV
$27.2B
| $167M | 1.2% |
2,042,700
| – | – |
|
28
Dentsply Sirona
XRAY
$2.18B
| $132M | 0.95% |
+2,000,000
| New | +$127M |
|
29
Galicia Financial Group
GGAL
$6.66B
| $120M | 0.87% |
1,825,000
+150,000
| +9% | +$8.6M |
|
30
General Dynamics
GD
$104B
| $112M | 0.81% |
+550,000
| New | +$112M |
|
31
Pampa Energía
PAM
$4.26B
| $109M | 0.79% |
1,625,000
+1,540,000
| +1,812% | +$101M |
|
32
MGM Resorts International
MGM
$11B
| $100M | 0.72% |
+3,000,000
| New | +$96.7M |
|
33
Macerich
MAC
$6.91B
| $93.6M | 0.68% |
1,425,000
-301,000
| -17% | -$18.4M |
|
34
Green Brick Partners
GRBK
$3.09B
| $91.3M | 0.66% |
8,083,022
| – | – |
|
|
35
Elevance Health
ELV
$86.9B
| $84.4M | 0.61% |
375,000
-875,000
| -70% | -$186M |
|
|
SWN
36
DELISTED
Southwestern Energy Company
SWN
| $83.7M | 0.6% |
+15,000,000
| New | +$87.2M |
|
|
PF
37
DELISTED
Pinnacle Foods, Inc.
PF
| $59.5M | 0.43% |
+1,000,000
| New | +$56.4M |
|
38
Nexa Resources
NEXA
$2.04B
| $58.8M | 0.42% |
+3,000,000
| New | +$51.8M |
|
39
PG&E
PCG
$38.8B
| $56M | 0.4% |
+1,250,000
| New | +$70M |
|
|
AABA
40
DELISTED
Altaba Inc
AABA
| $52.4M | 0.38% |
750,000
| – | – |
|
|
SUPV
41
Grupo Supervielle
SUPV
$692M
| $44M | 0.32% |
1,500,000
| – | – |
|
|
KDMN
42
DELISTED
Kadmon Holdings, Inc.
KDMN
| $34.1M | 0.25% |
9,407,745
| – | – |
|
|
MON
43
DELISTED
Monsanto Co
MON
| $23.4M | 0.17% |
+200,000
| New | +$23.8M |
|
44
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
| $838K | 0.01% |
+9,995
| New | +$841K |
|
|
45
Bank of America
BAC
$431B
| – | – |
-12,250,000
| Closed | -$310M |
|
46
Banco Macro
BMA
$4.66B
| – | – |
-875,000
| Closed | -$103M |
|
47
Marathon Petroleum
MPC
$101B
| – | – |
-2,750,000
| Closed | -$154M |
|
|
48
T-Mobile US
TMUS
$196B
| – | – |
-3,850,000
| Closed | -$237M |
|
|
XELA
49
DELISTED
Exela Technologies, Inc. Common Stock
XELA
| – | – |
-113
| Closed | -$6.49M |
|
|
ALXN
50
DELISTED
Alexion Pharmaceuticals
ALXN
| – | – |
-1,000,000
| Closed | -$140M |
|
Similar funds
Daniel Loeb's Q4 2017 Portfolio in Review
As of Q4 2017, Daniel Loeb held 51 positions worth $13.9B, up 16% from $11.9B the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Daniel Loeb deployed $1.23B of net new capital in Q4 2017, opening 14 new positions and adding to 9 existing holdings. Its largest new stake was Netflix: 20,000,000 shares worth $384M.
By sector, the portfolio is most concentrated in Healthcare at 21% of assets, down from 29% a quarter earlier, followed by Financials and Materials.
On the sell side, the largest reduction was Baxter International, an estimated $321M trimmed.
- Daniel Loeb's largest Q4 2017 buy was Netflix: 20,000,000 shares worth $384M.
- Daniel Loeb added most to Alphabet (Google) Class A in Q4 2017, an estimated $387M increase.
- Daniel Loeb's biggest Q4 2017 reduction was Baxter International, cutting an estimated $321M.
- Daniel Loeb fully exited Bank of America in Q4 2017, selling an estimated $310M.
- Daniel Loeb's ten largest holdings make up 60% of its $13.9B portfolio in Q4 2017.
- Daniel Loeb opened 14 new positions and closed 7 in Q4 2017.
- Daniel Loeb's portfolio value rose 16% quarter-over-quarter to $13.9B.
Based on Third Point's 13F filing for Q4 2017, filed 14 Feb 2018.