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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
+8.58%
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
$6.82B
AUM Growth
+$713M
Cap. Flow
+$299M
Cap. Flow %
4.38%
Top 10 Hldgs %
64.07%
Holding
58
New
12
Increased
12
Reduced
6
Closed
13

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$468M
2
TSM icon
TSMC
TSM
+$228M
3
ICE icon
Intercontinental Exchange
ICE
+$200M
4
NVDA icon
NVIDIA
NVDA
+$166M
5
MSFT icon
Microsoft
MSFT
+$147M

Top Sells

Rank Stock Value
1
CL icon
Colgate-Palmolive
CL
+$830M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$383M
3
CRM icon
Salesforce
CRM
+$160M
4
UNH icon
UnitedHealth
UNH
+$158M
5
NATI
National Instruments Corp
NATI
+$105M

Sector Composition

Rank Sector Weight
1 Technology 22.78%
2 Consumer Discretionary 19.09%
3 Utilities 14.95%
4 Healthcare 14.23%
5 Industrials 9.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PCGU
26
DELISTED
PG&E Corporation
PCGU
$70.4M 1.03%
471,000
– –
HZNP
27
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
$51.4M 0.75%
+500,000
New +$52.8M
GB
28
DELISTED
Global Blue Group Holding
GB
$41.4M 0.61%
8,487,601
-50,000
-0.6% -$266K
HTZWW
29
Hertz Global Holdings Warrants
HTZWW
$93.8M
$30.3M 0.44%
+3,000,000
New +$27.3M
BKI
30
DELISTED
Black Knight, Inc. Common Stock
BKI
$27.2M 0.4%
+455,632
New +$25.6M
BWC
31
DELISTED
Blue Whale Acquisition Corp I Class A Ordinary Shares
BWC
$20.3M 0.3%
2,000,000
– –
FIS icon
32
Fidelity National Information Services
FIS
$21.3B
$16.4M 0.24%
+300,000
New +$16.5M
FLYX icon
33
flyExclusive
FLYX
$134M
$9.76M 0.14%
952,000
-150,500
-14% -$1.54M
AUR icon
34
Aurora
AUR
$12.5B
$3.04M 0.04%
1,032,463
– –
NPWR.WS icon
35
NET Power Inc Warrants
NPWR.WS
$20.8M
$1.68M 0.02%
+500,000
New +$1.73M
AUROW
36
Aurora Innovation Warrant
AUROW
$246M
$918K 0.01%
1,835,000
– –
CPUH.WS
37
DELISTED
Compute Health Acquisition Corp. Redeemable warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50
CPUH.WS
$313K ﹤0.01%
625,000
– –
TMCWW
38
TMC The Metals Company Warrants
TMCWW
$278K
$196K ﹤0.01%
1,000,000
– –
GB.WS
39
DELISTED
Global Blue Group Holding AG Warrants exercisable for one Ordinary Share of Global Blue Group Holding AG at a price of $11.50 per share
GB.WS
$150K ﹤0.01%
1,333,333
– –
FLYX.WS icon
40
flyExclusive Inc Warrants
FLYX.WS
$112K ﹤0.01%
367,499
– –
BOAC.WS
41
DELISTED
Bluescape Opportunities Acquisition Corp. Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
BOAC.WS
$54K ﹤0.01%
1,000,000
– –
JWSM.WS
42
DELISTED
Jaws Mustang Acquisition Corp. Redeemable Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
JWSM.WS
$50K ﹤0.01%
1,000,000
– –
BWCAW
43
DELISTED
Blue Whale Acquisition Corp I Warrant
BWCAW
$48.1K ﹤0.01%
500,000
– –
SLACW
44
DELISTED
Social Leverage Acquisition Corp I Redeemable warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50
SLACW
$47.5K ﹤0.01%
250,000
– –
DISAW
45
DELISTED
Disruptive Acquisition Corporation I Warrant
DISAW
$30.6K ﹤0.01%
333,333
– –
CL icon
46
Colgate-Palmolive
CL
$72.6B
– –
-11,050,000
Closed -$830M
CRM icon
47
Salesforce
CRM
$171B
– –
-800,000
Closed -$160M
NPWR icon
48
NET Power
NPWR
$150M
– –
-1,500,000
Closed -$15.4M
TECK icon
49
Teck Resources
TECK
$33.9B
– –
-1,150,000
Closed -$42M
UNH icon
50
UnitedHealth
UNH
$350B
– –
-335,000
Closed -$158M
1
2
3

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Daniel Loeb's Q2 2023 Portfolio in Review

As of Q2 2023, Daniel Loeb held 58 positions worth $6.82B, up 12% from $6.11B the previous quarter. Its ten largest holdings account for 64% of the portfolio.

Daniel Loeb deployed $299M of net new capital in Q2 2023, opening 12 new positions and adding to 12 existing holdings. Its largest new stake was Amazon: 4,100,000 shares worth $534M.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 13% a quarter earlier, followed by Consumer Discretionary and Utilities.

On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $383M trimmed.

  • Daniel Loeb's largest Q2 2023 buy was Amazon: 4,100,000 shares worth $534M.
  • Daniel Loeb added most to Microsoft in Q2 2023, an estimated $147M increase.
  • Daniel Loeb's biggest Q2 2023 reduction was Alphabet (Google) Class A, cutting an estimated $383M.
  • Daniel Loeb fully exited Colgate-Palmolive in Q2 2023, selling an estimated $830M.
  • Daniel Loeb's ten largest holdings make up 64% of its $6.82B portfolio in Q2 2023.
  • Daniel Loeb opened 12 new positions and closed 13 in Q2 2023.
  • Daniel Loeb's portfolio value rose 12% quarter-over-quarter to $6.82B.

Based on Third Point's 13F filing for Q2 2023, filed 14 Aug 2023.