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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
+6.17%
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
$8.13B
AUM Growth
+$1.33B
Cap. Flow
+$919M
Cap. Flow %
11.3%
Top 10 Hldgs %
56.19%
Holding
59
New
12
Increased
12
Reduced
11
Closed
18

Top Buys

Rank Stock Value
1
ALLY icon
Ally Financial
ALLY
+$1.11B
2
DD icon
DuPont de Nemours
DD
+$743M
3
RAX
Rackspace Hosting Inc
RAX
+$241M
4
PPLI
People Inc
PPLI
+$134M
5
FMC icon
FMC
FMC
+$117M

Top Sells

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$234M
2
VZ icon
Verizon
VZ
+$166M
3
CTRA
Coterra Energy
CTRA
+$152M
4
FDX icon
FedEx
FDX
+$140M
5
IP icon
International Paper
IP
+$138M

Sector Composition

Rank Sector Weight
1 Materials 19.29%
2 Financials 17.55%
3 Technology 12.39%
4 Industrials 10.94%
5 Energy 10.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MDLZ icon
51
Mondelez International
MDLZ
$82.3B
– –
-1,500,000
Closed -$51.8M
NOK icon
52
Nokia
NOK
$57B
– –
-4,500,000
Closed -$33M
SIG icon
53
Signet Jewelers
SIG
$3.16B
– –
-800,000
Closed -$84.7M
TIMB icon
54
TIM SA
TIMB
$8.52B
– –
-1,600,000
Closed -$41.5M
VYX icon
55
NCR Voyix
VYX
$1.09B
– –
-2,445,000
Closed -$54.8M
VZ icon
56
Verizon
VZ
$205B
– –
-3,500,000
Closed -$166M
XLI icon
57
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
– –
-5,000,000
Closed -$262M
ONIT
58
Onity Group
ONIT
$301M
– –
-66,667
Closed -$39.2M
TWC
59
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
– –
-380,000
Closed -$52.1M
1 2
3

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Daniel Loeb's Q2 2014 Portfolio in Review

As of Q2 2014, Daniel Loeb held 59 positions worth $8.13B, up 19% from $6.81B the previous quarter. Its ten largest holdings account for 56% of the portfolio.

Daniel Loeb deployed $919M of net new capital in Q2 2014, opening 12 new positions and adding to 12 existing holdings. Its largest new stake was Ally Financial: 45,595,000 shares worth $1.09B.

By sector, the portfolio is most concentrated in Materials at 19% of assets, up from 10% a quarter earlier, followed by Financials and Technology.

On the sell side, the largest reduction was FedEx, an estimated $140M trimmed.

  • Daniel Loeb's largest Q2 2014 buy was Ally Financial: 45,595,000 shares worth $1.09B.
  • Daniel Loeb added most to DuPont de Nemours in Q2 2014, an estimated $743M increase.
  • Daniel Loeb's biggest Q2 2014 reduction was FedEx, cutting an estimated $140M.
  • Daniel Loeb fully exited Alphabet (Google) Class C in Q2 2014, selling an estimated $234M.
  • Daniel Loeb's ten largest holdings make up 56% of its $8.13B portfolio in Q2 2014.
  • Daniel Loeb opened 12 new positions and closed 18 in Q2 2014.
  • Daniel Loeb's portfolio value rose 19% quarter-over-quarter to $8.13B.

Based on Third Point's 13F filing for Q2 2014, filed 14 Aug 2014.