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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
+2.88%
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
$8.42B
AUM Growth
-$122M
Cap. Flow
-$282M
Cap. Flow %
-3.35%
Top 10 Hldgs %
70.25%
Holding
53
New
11
Increased
5
Reduced
9
Closed
13

Top Buys

Rank Stock Value
1
AGN
Allergan plc
AGN
+$587M
2
FIS icon
Fidelity National Information Services
FIS
+$332M
3
CRM icon
Salesforce
CRM
+$182M
4
BURL icon
Burlington
BURL
+$147M
5
FIVE icon
Five Below
FIVE
+$103M

Top Sells

Rank Stock Value
1
BAX icon
Baxter International
BAX
+$525M
2
WP
Worldpay, Inc.
WP
+$270M
3
MPC icon
Marathon Petroleum
MPC
+$224M
4
NFLX icon
Netflix
NFLX
+$184M
5
ROST icon
Ross Stores
ROST
+$164M

Sector Composition

Rank Sector Weight
1 Healthcare 39.63%
2 Technology 17.52%
3 Industrials 14.71%
4 Consumer Staples 9.67%
5 Financials 8.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HDS
26
DELISTED
HD Supply Holdings, Inc.
HDS
$39.2M 0.47%
+1,000,000
New +$39.2M
ZEN
27
DELISTED
ZENDESK INC
ZEN
$36.4M 0.43%
+500,000
New +$41.2M
ANSS
28
DELISTED
Ansys
ANSS
$34.8M 0.41%
+157,300
New +$33.1M
GDDY icon
29
GoDaddy
GDDY
$12.3B
$33M 0.39%
+500,000
New +$33.9M
GTT
30
DELISTED
GTT Communications, Inc.
GTT
$28.9M 0.34%
3,065,078
– –
KDMN
31
DELISTED
Kadmon Holdings, Inc.
KDMN
$23.7M 0.28%
9,407,745
– –
NVST icon
32
Envista
NVST
$4.37B
$22.3M 0.27%
+800,000
New +$22.3M
TW icon
33
Tradeweb Markets
TW
$22.6B
$15.7M 0.19%
425,000
-575,000
-58% -$25.4M
CCO icon
34
Clear Channel Outdoor Holdings
CCO
$1.21B
$13.2M 0.16%
5,250,000
-2,750,000
-34% -$8.63M
SDC
35
DELISTED
SmileDirectClub, Inc. Class A Common Stock
SDC
$10.4M 0.12%
+750,000
New +$12.5M
RPLA.U
36
DELISTED
Replay Acquisition Corp.
RPLA.U
$10.3M 0.12%
1,000,000
– –
AFYA icon
37
Afya
AFYA
$1.27B
$10.3M 0.12%
+400,000
New +$10.3M
GO icon
38
Grocery Outlet
GO
$1.15B
$6.24M 0.07%
180,000
– –
SHY icon
39
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
$3.34M 0.04%
39,364
+5,935
+18% +$503K
EPRT icon
40
Essential Properties Realty Trust
EPRT
$6.67B
$204K ﹤0.01%
+10,000
New +$215K
CC icon
41
Chemours
CC
$2.4B
– –
-4,375,000
Closed -$105M
CRWD icon
42
CrowdStrike
CRWD
$195B
– –
-400,000
Closed -$6.83M
MPC icon
43
Marathon Petroleum
MPC
$101B
– –
-4,000,000
Closed -$224M
NFLX icon
44
Netflix
NFLX
$331B
– –
-5,000,000
Closed -$184M
PINS icon
45
Pinterest
PINS
$13.3B
– –
-1,355,000
Closed -$36.9M
PSN icon
46
Parsons
PSN
$5.24B
– –
-300,000
Closed -$11.1M
ROST icon
47
Ross Stores
ROST
$76.7B
– –
-1,650,000
Closed -$164M
TWLO icon
48
Twilio
TWLO
$34.6B
– –
-150,000
Closed -$20.5M
VICI icon
49
VICI Properties
VICI
$29.2B
– –
-193,500
Closed -$4.26M
XPRO icon
50
Expro Ltd
XPRO
$2.05B
– –
-12,500
Closed -$410K
1
2
3

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Daniel Loeb's Q3 2019 Portfolio in Review

As of Q3 2019, Daniel Loeb held 53 positions worth $8.42B, down 1.4% from $8.54B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

Daniel Loeb withdrew a net $282M in Q3 2019, closing 13 positions and reducing 9 holdings. Its most notable exit was Worldpay, Inc., an estimated $270M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 40% of assets, up from 36% a quarter earlier, followed by Technology and Industrials.

Against the trend, Daniel Loeb opened a new position in Allergan plc worth $606M.

  • Daniel Loeb's largest Q3 2019 buy was Allergan plc: 3,600,000 shares worth $606M.
  • Daniel Loeb added most to Salesforce in Q3 2019, an estimated $182M increase.
  • Daniel Loeb's biggest Q3 2019 reduction was Baxter International, cutting an estimated $525M.
  • Daniel Loeb fully exited Worldpay, Inc. in Q3 2019, selling an estimated $270M.
  • Daniel Loeb's ten largest holdings make up 70% of its $8.42B portfolio in Q3 2019.
  • Daniel Loeb opened 11 new positions and closed 13 in Q3 2019.
  • Daniel Loeb's portfolio value fell 1.4% quarter-over-quarter to $8.42B.

Based on Third Point's 13F filing for Q3 2019, filed 14 Nov 2019.