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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
+14.74%
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
$5.8B
AUM Growth
+$1.71B
Cap. Flow
+$931M
Cap. Flow %
16.04%
Top 10 Hldgs %
48.35%
Holding
55
New
18
Increased
15
Reduced
10
Closed
10

Top Buys

Rank Stock Value
1
DD icon
DuPont de Nemours
DD
+$313M
2
TMUS icon
T-Mobile US
TMUS
+$209M
3
WMB icon
Williams Companies
WMB
+$153M
4
HRI icon
Herc Holdings
HRI
+$143M
5
CCK icon
Crown Holdings
CCK
+$128M

Top Sells

Rank Stock Value
1
YHOO
Yahoo Inc
YHOO
+$287M
2
CF icon
CF Industries
CF
+$183M
3
ELN
ELAN CORP ADS(RP1 ORD4IRISH PN
ELN
+$156M
4
TMO icon
Thermo Fisher Scientific
TMO
+$143M
5
AIG icon
American International
AIG
+$125M

Sector Composition

Rank Sector Weight
1 Energy 19.35%
2 Industrials 18.35%
3 Communication Services 13.42%
4 Financials 8.14%
5 Consumer Staples 7.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QVCGA
51
DELISTED
QVC Group Inc Series A
QVCGA
– –
-30,437
Closed -$29.3M
TFCFA
52
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
– –
-2,750,000
Closed -$92.2M
TIBX
53
DELISTED
TIBCO SOFTWARE INC
TIBX
– –
-4,425,000
Closed -$113M
ELN
54
DELISTED
ELAN CORP ADS(RP1 ORD4IRISH PN
ELN
– –
-10,000,000
Closed -$156M
AGN
55
CALL
DELISTED
Allergan Inc
AGN
– –
-17,500
Closed -$51K
1 2
3

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Daniel Loeb's Q4 2013 Portfolio in Review

As of Q4 2013, Daniel Loeb held 55 positions worth $5.8B, up 42% from $4.09B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Daniel Loeb deployed $931M of net new capital in Q4 2013, opening 18 new positions and adding to 15 existing holdings. Its largest new stake was DuPont de Nemours: 3,050,457 shares worth $343M.

By sector, the portfolio is most concentrated in Energy at 19% of assets, down from 22% a quarter earlier, followed by Industrials and Communication Services.

On the sell side, the largest reduction was Yahoo Inc, an estimated $287M trimmed.

  • Daniel Loeb's largest Q4 2013 buy was DuPont de Nemours: 3,050,457 shares worth $343M.
  • Daniel Loeb added most to Gilead Sciences in Q4 2013, an estimated $69.6M increase.
  • Daniel Loeb's biggest Q4 2013 reduction was Yahoo Inc, cutting an estimated $287M.
  • Daniel Loeb fully exited CF Industries in Q4 2013, selling an estimated $183M.
  • Daniel Loeb's ten largest holdings make up 48% of its $5.8B portfolio in Q4 2013.
  • Daniel Loeb opened 18 new positions and closed 10 in Q4 2013.
  • Daniel Loeb's portfolio value rose 42% quarter-over-quarter to $5.8B.

Based on Third Point's 13F filing for Q4 2013, filed 14 Feb 2014.