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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
+4.22%
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
$14.3B
AUM Growth
-$45.6M
Cap. Flow
-$1.86B
Cap. Flow %
-13.01%
Top 10 Hldgs %
69.79%
Holding
45
New
7
Increased
10
Reduced
6
Closed
14

Top Buys

Rank Stock Value
1
AXP icon
American Express
AXP
+$520M
2
CPB icon
Campbell Soup
CPB
+$507M
3
MRK icon
Merck
MRK
+$300M
4
SHPG
Shire pic
SHPG
+$277M
5
MSFT icon
Microsoft
MSFT
+$201M

Top Sells

Rank Stock Value
1
NXPI icon
NXP Semiconductors
NXPI
+$1.17B
2
META icon
Meta Platforms (Facebook)
META
+$583M
3
VMC icon
Vulcan Materials
VMC
+$355M
4
BLK icon
Blackrock
BLK
+$324M
5
NFLX icon
Netflix
NFLX
+$272M

Sector Composition

Rank Sector Weight
1 Healthcare 27.71%
2 Technology 18.97%
3 Industrials 14.39%
4 Financials 12.41%
5 Consumer Staples 8.27%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FANG icon
26
Diamondback Energy
FANG
$59B
$67.6M 0.47%
+500,000
New +$63.8M
WPX
27
DELISTED
WPX Energy, Inc.
WPX
$63.1M 0.44%
+3,135,900
New +$58.1M
FPAC.U
28
DELISTED
Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00
FPAC.U
$41.1M 0.29%
4,000,000
– –
KDMN
29
DELISTED
Kadmon Holdings, Inc.
KDMN
$31.4M 0.22%
9,407,745
– –
ARCE
30
DELISTED
Arco Platform Limited Class A Common Shares
ARCE
$5.7M 0.04%
+250,000
New +$5.83M
SHY icon
31
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
$3.54M 0.02%
42,542
+2,400
+6% +$200K
A icon
32
Agilent Technologies
A
$44.9B
– –
-150,000
Closed -$9.28M
BAK icon
33
Braskem
BAK
$793M
– –
-100,000
Closed -$2.6M
BLK icon
34
Blackrock
BLK
$179B
– –
-650,000
Closed -$324M
CWH icon
35
Camping World
CWH
$676M
– –
-2,825,000
Closed -$70.6M
DELL icon
36
Dell
DELL
$286B
– –
-7,126,476
Closed -$169M
EA
37
DELISTED
Electronic Arts
EA
– –
-1,650,000
Closed -$233M
FXI icon
38
CALL
iShares China Large-Cap ETF
FXI
$4.28B
– –
-2,000,000
Closed -$85.9M
META icon
39
Meta Platforms (Facebook)
META
$1.4T
– –
-3,000,000
Closed -$583M
NXPI icon
40
NXP Semiconductors
NXPI
$56.9B
– –
-10,750,000
Closed -$1.17B
PVH icon
41
PVH
PVH
$3.62B
– –
-625,000
Closed -$93.6M
SHW icon
42
Sherwin-Williams
SHW
$84.1B
– –
-1,650,000
Closed -$224M
VMC icon
43
Vulcan Materials
VMC
$35.8B
– –
-2,750,000
Closed -$355M
WYNN icon
44
Wynn Resorts
WYNN
$10.3B
– –
-1,525,000
Closed -$255M
EGN
45
DELISTED
Energen
EGN
– –
-1,350,000
Closed -$98.3M
1
2

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Daniel Loeb's Q3 2018 Portfolio in Review

As of Q3 2018, Daniel Loeb held 45 positions worth $14.3B, down 0.32% from $14.4B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

Daniel Loeb withdrew a net $1.86B in Q3 2018, closing 14 positions and reducing 6 holdings. Its most notable exit was NXP Semiconductors, an estimated $1.17B position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 28% of assets, up from 21% a quarter earlier, followed by Technology and Industrials.

Against the trend, Daniel Loeb opened a new position in American Express worth $532M.

  • Daniel Loeb's largest Q3 2018 buy was American Express: 5,000,000 shares worth $532M.
  • Daniel Loeb added most to Campbell Soup in Q3 2018, an estimated $507M increase.
  • Daniel Loeb's biggest Q3 2018 reduction was Netflix, cutting an estimated $272M.
  • Daniel Loeb fully exited NXP Semiconductors in Q3 2018, selling an estimated $1.17B.
  • Daniel Loeb's ten largest holdings make up 70% of its $14.3B portfolio in Q3 2018.
  • Daniel Loeb opened 7 new positions and closed 14 in Q3 2018.
  • Daniel Loeb's portfolio value fell 0.32% quarter-over-quarter to $14.3B.

Based on Third Point's 13F filing for Q3 2018, filed 9 Nov 2018.