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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
-9.53%
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
$10.6B
AUM Growth
-$77.1M
Cap. Flow
+$1.03B
Cap. Flow %
9.72%
Top 10 Hldgs %
73.41%
Holding
53
New
4
Increased
9
Reduced
10
Closed
21

Top Buys

Rank Stock Value
1
BAX icon
Baxter International
BAX
+$1.76B
2
YUM icon
Yum! Brands
YUM
+$676M
3
KHC icon
Kraft Heinz
KHC
+$623M
4
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
+$243M
5
AVGO icon
Broadcom
AVGO
+$208M

Top Sells

Rank Stock Value
1
SUNE
SUNEDISON, INC COM
SUNE
+$371M
2
EBAY icon
eBay
EBAY
+$269M
3
PSX icon
Phillips 66
PSX
+$262M
4
ALLY icon
Ally Financial
ALLY
+$224M
5
DVN icon
Devon Energy
DVN
+$223M

Sector Composition

Rank Sector Weight
1 Healthcare 41.21%
2 Consumer Discretionary 17.66%
3 Consumer Staples 12.05%
4 Materials 9.4%
5 Communication Services 8.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HOT
51
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
– –
-1,000,000
Closed -$81.1M
1 2
3

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Daniel Loeb's Q3 2015 Portfolio in Review

As of Q3 2015, Daniel Loeb held 53 positions worth $10.6B, down 0.72% from $10.7B the previous quarter. Its ten largest holdings account for 73% of the portfolio.

Daniel Loeb deployed $1.03B of net new capital in Q3 2015, opening 4 new positions and adding to 9 existing holdings. Its largest new stake was Kraft Heinz: 8,250,000 shares worth $582M.

By sector, the portfolio is most concentrated in Healthcare at 41% of assets, up from 27% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.

On the sell side, the largest reduction was eBay, an estimated $269M trimmed.

  • Daniel Loeb's largest Q3 2015 buy was Kraft Heinz: 8,250,000 shares worth $582M.
  • Daniel Loeb added most to Baxter International in Q3 2015, an estimated $1.76B increase.
  • Daniel Loeb's biggest Q3 2015 reduction was eBay, cutting an estimated $269M.
  • Daniel Loeb fully exited SUNEDISON, INC COM in Q3 2015, selling an estimated $371M.
  • Daniel Loeb's ten largest holdings make up 73% of its $10.6B portfolio in Q3 2015.
  • Daniel Loeb opened 4 new positions and closed 21 in Q3 2015.
  • Daniel Loeb's portfolio value fell 0.72% quarter-over-quarter to $10.6B.

Based on Third Point's 13F filing for Q3 2015, filed 13 Nov 2015.