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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
+8.19%
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
$8.7B
AUM Growth
+$280M
Cap. Flow
-$324M
Cap. Flow %
-3.73%
Top 10 Hldgs %
67.38%
Holding
51
New
11
Increased
7
Reduced
7
Closed
14

Top Buys

Rank Stock Value
1
IAA
IAA, Inc. Common Stock
IAA
+$274M
2
AMTD
TD Ameritrade Holding Corp
AMTD
+$130M
3
AMZN icon
Amazon
AMZN
+$124M
4
RTN
Raytheon Company
RTN
+$117M
5
AVTR icon
Avantor
AVTR
+$111M

Top Sells

Rank Stock Value
1
BID
Sotheby's
BID
+$380M
2
PYPL icon
PayPal
PYPL
+$280M
3
CPB icon
Campbell Soup
CPB
+$123M
4
RTX icon
RTX Corp
RTX
+$114M
5
FOXA icon
Fox Class A
FOXA
+$103M

Sector Composition

Rank Sector Weight
1 Healthcare 41.13%
2 Technology 16.16%
3 Consumer Discretionary 10.8%
4 Industrials 10.37%
5 Consumer Staples 8.61%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SCHW
26
Charles Schwab
SCHW
$194B
$47.6M 0.55%
+1,000,000
New +$44.1M
FPAC.U
27
DELISTED
Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00
FPAC.U
$43.2M 0.5%
4,000,000
– –
KDMN
28
DELISTED
Kadmon Holdings, Inc.
KDMN
$42.6M 0.49%
9,407,745
– –
GO icon
29
Grocery Outlet
GO
$1.15B
$37.3M 0.43%
1,150,000
+970,000
+539% +$31.2M
XP icon
30
XP
XP
$8.53B
$30.8M 0.35%
+800,000
New +$30M
RACE icon
31
Ferrari
RACE
$76.7B
$24.8M 0.29%
+150,000
New +$24.3M
BMY.RT
32
DELISTED
Bristol-Myers Squibb Company Contingent Value Rights
BMY.RT
$21.1M 0.24%
+7,000,000
New +$18.2M
GTT
33
DELISTED
GTT Communications, Inc.
GTT
$17.3M 0.2%
1,520,000
-1,545,078
-50% -$12.9M
RPLA.U
34
DELISTED
Replay Acquisition Corp.
RPLA.U
$10.4M 0.12%
1,000,000
– –
CNNE icon
35
Cannae Holdings
CNNE
$672M
$6.51M 0.07%
+175,000
New +$5.75M
SHY icon
36
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
$3.58M 0.04%
42,309
+2,945
+7% +$250K
CCO icon
37
Clear Channel Outdoor Holdings
CCO
$1.21B
$715K 0.01%
250,000
-5,000,000
-95% -$12.7M
AFYA icon
38
Afya
AFYA
$1.27B
– –
-400,000
Closed -$10.3M
ANSS
39
DELISTED
Ansys
ANSS
– –
-157,300
Closed -$34.8M
COLD icon
40
Americold
COLD
$4.35B
– –
-1,280,000
Closed -$47.5M
ENOV icon
41
Enovis
ENOV
$1.5B
– –
-1,162,000
Closed -$58.1M
EPRT icon
42
Essential Properties Realty Trust
EPRT
$6.67B
– –
-10,000
Closed -$204K
GDDY icon
43
GoDaddy
GDDY
$12.3B
– –
-500,000
Closed -$33M
MSFT icon
44
Microsoft
MSFT
$3.59T
– –
-600,000
Closed -$83.4M
NVST icon
45
Envista
NVST
$4.37B
– –
-800,000
Closed -$22.3M
PYPL icon
46
PayPal
PYPL
$52.7B
– –
-2,700,000
Closed -$280M
TW icon
47
Tradeweb Markets
TW
$22.6B
– –
-425,000
Closed -$15.7M
SDC
48
DELISTED
SmileDirectClub, Inc. Class A Common Stock
SDC
– –
-750,000
Closed -$10.4M
ZEN
49
DELISTED
ZENDESK INC
ZEN
– –
-500,000
Closed -$36.4M
HDS
50
DELISTED
HD Supply Holdings, Inc.
HDS
– –
-1,000,000
Closed -$39.2M
1
2
3

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Daniel Loeb's Q4 2019 Portfolio in Review

As of Q4 2019, Daniel Loeb held 51 positions worth $8.7B, up 3.3% from $8.42B the previous quarter. Its ten largest holdings account for 67% of the portfolio.

Daniel Loeb withdrew a net $324M in Q4 2019, closing 14 positions and reducing 7 holdings. Its most notable exit was Sotheby's, an estimated $380M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 41% of assets, up from 40% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Daniel Loeb opened a new position in IAA, Inc. Common Stock worth $306M.

  • Daniel Loeb's largest Q4 2019 buy was IAA, Inc. Common Stock: 6,500,000 shares worth $306M.
  • Daniel Loeb added most to Baxter International in Q4 2019, an estimated $53.8M increase.
  • Daniel Loeb's biggest Q4 2019 reduction was Campbell Soup, cutting an estimated $123M.
  • Daniel Loeb fully exited Sotheby's in Q4 2019, selling an estimated $380M.
  • Daniel Loeb's ten largest holdings make up 67% of its $8.7B portfolio in Q4 2019.
  • Daniel Loeb opened 11 new positions and closed 14 in Q4 2019.
  • Daniel Loeb's portfolio value rose 3.3% quarter-over-quarter to $8.7B.

Based on Third Point's 13F filing for Q4 2019, filed 13 Feb 2020.