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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
+15.37%
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
$7.85B
AUM Growth
+$1.21B
Cap. Flow
+$357M
Cap. Flow %
4.56%
Top 10 Hldgs %
72.51%
Holding
46
New
9
Increased
6
Reduced
5
Closed
6

Top Buys

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$429M
2
AMZN icon
Amazon
AMZN
+$150M
3
SPGI icon
S&P Global
SPGI
+$145M
4
MRVL icon
Marvell Technology
MRVL
+$104M
5
AAP icon
Advance Auto Parts
AAP
+$104M

Top Sells

Rank Stock Value
1
X
US Steel
X
+$268M
2
DD icon
DuPont de Nemours
DD
+$267M
3
MSFT icon
Microsoft
MSFT
+$101M
4
MCK icon
McKesson
MCK
+$76.4M
5
IFF icon
International Flavors & Fragrances
IFF
+$53M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 21.57%
2 Communication Services 17.71%
3 Technology 16.82%
4 Utilities 16.32%
5 Financials 9.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GB
26
DELISTED
Global Blue Group Holding
GB
$44M 0.56%
8,387,601
– –
UBER icon
27
Uber
UBER
$161B
$38.5M 0.49%
500,000
-500,000
-50% -$35.9M
TDS icon
28
Telephone and Data Systems
TDS
$3.87B
$34.2M 0.44%
2,136,832
– –
IT icon
29
Gartner
IT
$12.4B
$26.2M 0.33%
+55,000
New +$25.3M
AD
30
Array Digital Infrastructure
AD
$3.08B
$19.9M 0.25%
545,344
– –
HTZWW
31
Hertz Global Holdings Warrants
HTZWW
$93.8M
$17.6M 0.22%
3,970,000
– –
TDS icon
32
CALL
Telephone and Data Systems
TDS
$3.87B
$12M 0.15%
+750,000
New +$12.8M
FLYX icon
33
flyExclusive
FLYX
$134M
$4.42M 0.06%
1,022,000
– –
AUR icon
34
Aurora
AUR
$12.5B
$2.91M 0.04%
1,032,463
– –
PTEN icon
35
Patterson-UTI
PTEN
$4.71B
$1.79M 0.02%
+150,000
New +$1.67M
NPWR.WS icon
36
NET Power Inc Warrants
NPWR.WS
$20.8M
$1.45M 0.02%
500,000
– –
AUROW
37
Aurora Innovation Warrant
AUROW
$246M
$495K 0.01%
1,835,000
– –
JWSM.WS
38
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
$215K ﹤0.01%
1,000,000
– –
FLYX.WS icon
39
flyExclusive Inc Warrants
FLYX.WS
$158K ﹤0.01%
367,499
– –
GB.WS
40
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
$45.1K ﹤0.01%
1,333,333
– –
BMRN icon
41
BioMarin Pharmaceuticals
BMRN
$12.9B
– –
-385,000
Closed -$37.1M
DD icon
42
DuPont de Nemours
DD
$18.7B
– –
-2,760,450
Closed -$267M
MCK icon
43
McKesson
MCK
$100B
– –
-165,000
Closed -$76.4M
TMCWW
44
TMC The Metals Company Warrants
TMCWW
$278K
– –
-1,000,000
Closed -$127K
X
45
DELISTED
US Steel
X
– –
-5,500,000
Closed -$268M
SLACW
46
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
– –
-250,000
Closed -$4.8K
1
2

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Daniel Loeb's Q1 2024 Portfolio in Review

As of Q1 2024, Daniel Loeb held 46 positions worth $7.85B, up 18% from $6.64B the previous quarter. Its ten largest holdings account for 73% of the portfolio.

Daniel Loeb deployed $357M of net new capital in Q1 2024, opening 9 new positions and adding to 6 existing holdings. Its largest new stake was Alphabet (Google) Class A: 3,000,000 shares worth $453M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 22% of assets, up from 19% a quarter earlier, followed by Communication Services and Technology.

On the sell side, the largest reduction was Microsoft, an estimated $101M trimmed.

  • Daniel Loeb's largest Q1 2024 buy was Alphabet (Google) Class A: 3,000,000 shares worth $453M.
  • Daniel Loeb added most to Amazon in Q1 2024, an estimated $150M increase.
  • Daniel Loeb's biggest Q1 2024 reduction was Microsoft, cutting an estimated $101M.
  • Daniel Loeb fully exited US Steel in Q1 2024, selling an estimated $268M.
  • Daniel Loeb's ten largest holdings make up 73% of its $7.85B portfolio in Q1 2024.
  • Daniel Loeb opened 9 new positions and closed 6 in Q1 2024.
  • Daniel Loeb's portfolio value rose 18% quarter-over-quarter to $7.85B.

Based on Third Point's 13F filing for Q1 2024, filed 15 May 2024.