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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
+10.99%
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
$10.2B
AUM Growth
+$59.6M
Cap. Flow
-$925M
Cap. Flow %
-9.03%
Top 10 Hldgs %
61.45%
Holding
51
New
13
Increased
5
Reduced
15
Closed
13

Top Buys

Rank Stock Value
1
TMUS icon
T-Mobile US
TMUS
+$307M
2
CRM icon
Salesforce
CRM
+$240M
3
QCOM icon
Qualcomm
QCOM
+$203M
4
HPE icon
Hewlett Packard
HPE
+$139M
5
CE icon
Celanese
CE
+$109M

Top Sells

Rank Stock Value
1
HUM icon
Humana
HUM
+$305M
2
BAX icon
Baxter International
BAX
+$290M
3
AAPL icon
Apple
AAPL
+$214M
4
TAP icon
Molson Coors Class B
TAP
+$165M
5
PVTB
PrivateBancorp Inc
PVTB
+$163M

Sector Composition

Rank Sector Weight
1 Healthcare 29.91%
2 Communication Services 19.39%
3 Materials 14.39%
4 Financials 8.24%
5 Technology 7.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PVTB
51
DELISTED
PrivateBancorp Inc
PVTB
– –
-3,000,000
Closed -$163M
1 2
3

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Daniel Loeb's Q1 2017 Portfolio in Review

As of Q1 2017, Daniel Loeb held 51 positions worth $10.2B, up 0.59% from $10.2B the previous quarter. Its ten largest holdings account for 61% of the portfolio.

Daniel Loeb withdrew a net $925M in Q1 2017, closing 13 positions and reducing 15 holdings. Its most notable exit was Apple, an estimated $214M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 30% of assets, down from 32% a quarter earlier, followed by Communication Services and Materials.

Against the trend, Daniel Loeb opened a new position in T-Mobile US worth $323M.

  • Daniel Loeb's largest Q1 2017 buy was T-Mobile US: 5,000,000 shares worth $323M.
  • Daniel Loeb added most to Rice Energy Inc. in Q1 2017, an estimated $48.8M increase.
  • Daniel Loeb's biggest Q1 2017 reduction was Humana, cutting an estimated $305M.
  • Daniel Loeb fully exited Apple in Q1 2017, selling an estimated $214M.
  • Daniel Loeb's ten largest holdings make up 61% of its $10.2B portfolio in Q1 2017.
  • Daniel Loeb opened 13 new positions and closed 13 in Q1 2017.
  • Daniel Loeb's portfolio value rose 0.59% quarter-over-quarter to $10.2B.

Based on Third Point's 13F filing for Q1 2017, filed 12 May 2017.