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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
+15.57%
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
$6.64B
AUM Growth
+$44.9M
Cap. Flow
-$813M
Cap. Flow %
-12.25%
Top 10 Hldgs %
74.07%
Holding
48
New
6
Increased
6
Reduced
11
Closed
11

Top Buys

Rank Stock Value
1
VZ icon
Verizon
VZ
+$165M
2
CPAY icon
Corpay
CPAY
+$153M
3
APO icon
Apollo Global Management
APO
+$79.5M
4
EQT icon
EQT Corp
EQT
+$79.1M
5
MCK icon
McKesson
MCK
+$75M

Top Sells

Rank Stock Value
1
ICE icon
Intercontinental Exchange
ICE
+$192M
2
OPCH icon
Option Care Health
OPCH
+$176M
3
UBER icon
Uber
UBER
+$167M
4
DHR icon
Danaher
DHR
+$152M
5
TMUS icon
T-Mobile US
TMUS
+$140M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 18.69%
2 Utilities 18.38%
3 Technology 17.4%
4 Materials 10.56%
5 Communication Services 9.73%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BMRN icon
26
BioMarin Pharmaceuticals
BMRN
$12.9B
$37.1M 0.56%
+385,000
New +$34.1M
AD
27
Array Digital Infrastructure
AD
$3.08B
$22.7M 0.34%
545,344
– –
HTZWW
28
Hertz Global Holdings Warrants
HTZWW
$93.8M
$21.8M 0.33%
3,970,000
– –
FLYX icon
29
flyExclusive
FLYX
$134M
$5.62M 0.08%
1,022,000
+70,000
+7% +$737K
AUR icon
30
Aurora
AUR
$12.5B
$4.51M 0.07%
1,032,463
– –
NPWR.WS icon
31
NET Power Inc Warrants
NPWR.WS
$20.8M
$1.1M 0.02%
500,000
– –
AUROW
32
Aurora Innovation Warrant
AUROW
$246M
$899K 0.01%
1,835,000
– –
TMCWW
33
TMC The Metals Company Warrants
TMCWW
$278K
$127K ﹤0.01%
1,000,000
– –
GB.WS
34
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
$93.2K ﹤0.01%
1,333,333
– –
FLYX.WS icon
35
flyExclusive Inc Warrants
FLYX.WS
$80.8K ﹤0.01%
367,499
– –
JWSM.WS
36
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
$39.7K ﹤0.01%
1,000,000
– –
SLACW
37
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
$4.8K ﹤0.01%
250,000
– –
FIS icon
38
Fidelity National Information Services
FIS
$21.3B
– –
-300,000
Closed -$16.6M
GOOGL icon
39
Alphabet (Google) Class A
GOOGL
$4.22T
– –
-900,000
Closed -$118M
HTZ icon
40
Hertz
HTZ
$802M
– –
-7,494,821
Closed -$91.8M
OPCH icon
41
Option Care Health
OPCH
$3.55B
– –
-5,450,659
Closed -$176M
PUMP icon
42
ProPetro Holding
PUMP
$1.39B
– –
-15,000
Closed -$159K
RRX icon
43
Regal Rexnord
RRX
$11.1B
– –
-650,000
Closed -$92.9M
TDS icon
44
CALL
Telephone and Data Systems
TDS
$3.87B
– –
-1,000,000
Closed -$18.3M
TMUS icon
45
T-Mobile US
TMUS
$196B
– –
-1,000,000
Closed -$140M
XLU icon
46
CALL
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
– –
-1,000,000
Closed -$29.5M
DISAW
47
DELISTED
Disruptive Acquisition Corporation I Warrant
DISAW
– –
-333,333
Closed -$15.7K
BOAC.WS
48
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
– –
-1,000,000
Closed -$8.7K
1
2

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Daniel Loeb's Q4 2023 Portfolio in Review

As of Q4 2023, Daniel Loeb held 48 positions worth $6.64B, up 0.68% from $6.59B the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Daniel Loeb withdrew a net $813M in Q4 2023, closing 11 positions and reducing 11 holdings. Its most notable exit was Option Care Health, an estimated $176M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 19% of assets, up from 16% a quarter earlier, followed by Utilities and Technology.

Against the trend, Daniel Loeb opened a new position in Verizon worth $173M.

  • Daniel Loeb's largest Q4 2023 buy was Verizon: 4,675,000 shares worth $173M.
  • Daniel Loeb added most to Vistra in Q4 2023, an estimated $34.6M increase.
  • Daniel Loeb's biggest Q4 2023 reduction was Intercontinental Exchange, cutting an estimated $192M.
  • Daniel Loeb fully exited Option Care Health in Q4 2023, selling an estimated $176M.
  • Daniel Loeb's ten largest holdings make up 74% of its $6.64B portfolio in Q4 2023.
  • Daniel Loeb opened 6 new positions and closed 11 in Q4 2023.
  • Daniel Loeb's portfolio value rose 0.68% quarter-over-quarter to $6.64B.

Based on Third Point's 13F filing for Q4 2023, filed 14 Feb 2024.