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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
+10.26%
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
$7.43B
AUM Growth
-$1.31B
Cap. Flow
-$1.79B
Cap. Flow %
-24.06%
Top 10 Hldgs %
61.29%
Holding
53
New
9
Increased
4
Reduced
12
Closed
11

Top Buys

Rank Stock Value
1
BN icon
Brookfield
BN
+$224M
2
ICE icon
Intercontinental Exchange
ICE
+$167M
3
CRH icon
CRH
CRH
+$118M
4
LPLA icon
LPL Financial
LPLA
+$109M
5
FLUT icon
Flutter Entertainment
FLUT
+$106M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$361M
2
MSFT icon
Microsoft
MSFT
+$304M
3
META icon
Meta Platforms (Facebook)
META
+$286M
4
AIG icon
American International
AIG
+$256M
5
AMZN icon
Amazon
AMZN
+$255M

Sector Composition

Rank Sector Weight
1 Technology 20.24%
2 Utilities 18.5%
3 Consumer Discretionary 17.46%
4 Communication Services 11.59%
5 Financials 11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HES
26
DELISTED
Hess
HES
$84.9M 1.14%
625,000
– –
ANSS
27
DELISTED
Ansys
ANSS
$81.3M 1.09%
+255,000
New +$81.1M
EQT icon
28
EQT Corp
EQT
$33.6B
$71.4M 0.96%
1,950,000
– –
TDS icon
29
Telephone and Data Systems
TDS
$3.87B
$66.8M 0.9%
2,875,000
+608,940
+27% +$13.3M
APO.PRA
30
DELISTED
Apollo Global Management Series A
APO.PRA
$61.2M 0.82%
900,000
– –
GB
31
DELISTED
Global Blue Group Holding
GB
$45.9M 0.62%
8,387,601
– –
AD
32
Array Digital Infrastructure
AD
$3.08B
$29.8M 0.4%
545,344
– –
HE icon
33
Hawaiian Electric Industries
HE
$1.99B
$14.9M 0.2%
+1,535,000
New +$19M
HTZWW
34
Hertz Global Holdings Warrants
HTZWW
$93.8M
$8.69M 0.12%
3,970,000
– –
AUR icon
35
Aurora
AUR
$12.5B
$6.11M 0.08%
1,032,463
– –
FLYX icon
36
flyExclusive
FLYX
$134M
$3.05M 0.04%
1,022,000
– –
AUROW
37
Aurora Innovation Warrant
AUROW
$246M
$1.52M 0.02%
1,835,000
– –
CCO icon
38
Clear Channel Outdoor Holdings
CCO
$1.21B
$1.36M 0.02%
+850,000
New +$1.33M
NPWR.WS icon
39
NET Power Inc Warrants
NPWR.WS
$20.8M
$580K 0.01%
500,000
– –
FLYX.WS icon
40
flyExclusive Inc Warrants
FLYX.WS
$118K ﹤0.01%
367,499
– –
GB.WS
41
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
$112K ﹤0.01%
1,333,333
– –
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
$23.1K ﹤0.01%
1,000,000
– –
AAP icon
43
Advance Auto Parts
AAP
$2.57B
– –
-1,500,100
Closed -$94.6M
AIG icon
44
American International
AIG
$39.8B
– –
-3,450,000
Closed -$256M
ASML icon
45
ASML
ASML
$677B
– –
-80,000
Closed -$81.8M
DT icon
46
Dynatrace
DT
$14.2B
– –
-150,000
Closed -$6.71M
GOOGL icon
47
Alphabet (Google) Class A
GOOGL
$4.22T
– –
-1,980,000
Closed -$361M
IFF icon
48
International Flavors & Fragrances
IFF
$21.5B
– –
-1,300,000
Closed -$124M
KBH icon
49
KB Home
KBH
$3.39B
– –
-2,100,000
Closed -$147M
MSCI icon
50
MSCI
MSCI
$41B
– –
-150,000
Closed -$72.3M
1
2
3

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Daniel Loeb's Q3 2024 Portfolio in Review

As of Q3 2024, Daniel Loeb held 53 positions worth $7.43B, down 15% from $8.74B the previous quarter. Its ten largest holdings account for 61% of the portfolio.

Daniel Loeb withdrew a net $1.79B in Q3 2024, closing 11 positions and reducing 12 holdings. Its most notable exit was Alphabet (Google) Class A, an estimated $361M position sold in full.

By sector, the portfolio is most concentrated in Technology at 20% of assets, down from 26% a quarter earlier, followed by Utilities and Consumer Discretionary.

Against the trend, Daniel Loeb opened a new position in Brookfield worth $251M.

  • Daniel Loeb's largest Q3 2024 buy was Brookfield: 7,087,500 shares worth $251M.
  • Daniel Loeb added most to Intercontinental Exchange in Q3 2024, an estimated $167M increase.
  • Daniel Loeb's biggest Q3 2024 reduction was Microsoft, cutting an estimated $304M.
  • Daniel Loeb fully exited Alphabet (Google) Class A in Q3 2024, selling an estimated $361M.
  • Daniel Loeb's ten largest holdings make up 61% of its $7.43B portfolio in Q3 2024.
  • Daniel Loeb opened 9 new positions and closed 11 in Q3 2024.
  • Daniel Loeb's portfolio value fell 15% quarter-over-quarter to $7.43B.

Based on Third Point's 13F filing for Q3 2024, filed 14 Nov 2024.