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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
+6.83%
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
$13.9B
AUM Growth
+$1.96B
Cap. Flow
+$1.23B
Cap. Flow %
8.9%
Top 10 Hldgs %
59.62%
Holding
51
New
14
Increased
9
Reduced
7
Closed
7

Top Buys

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$387M
2
NFLX icon
Netflix
NFLX
+$385M
3
ICE icon
Intercontinental Exchange
ICE
+$378M
4
AET
Aetna Inc
AET
+$318M
5
LEN icon
Lennar Class A
LEN
+$311M

Top Sells

Rank Stock Value
1
BAX icon
Baxter International
BAX
+$321M
2
BAC icon
Bank of America
BAC
+$310M
3
TMUS icon
T-Mobile US
TMUS
+$237M
4
ELV icon
Elevance Health
ELV
+$186M
5
SHPG
Shire pic
SHPG
+$184M

Sector Composition

Rank Sector Weight
1 Healthcare 20.82%
2 Financials 14.34%
3 Materials 13.98%
4 Communication Services 13.67%
5 Consumer Discretionary 13.26%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SHPG
51
DELISTED
Shire pic
SHPG
– –
-1,200,000
Closed -$184M
1 2
3

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Daniel Loeb's Q4 2017 Portfolio in Review

As of Q4 2017, Daniel Loeb held 51 positions worth $13.9B, up 16% from $11.9B the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Daniel Loeb deployed $1.23B of net new capital in Q4 2017, opening 14 new positions and adding to 9 existing holdings. Its largest new stake was Netflix: 20,000,000 shares worth $384M.

By sector, the portfolio is most concentrated in Healthcare at 21% of assets, down from 29% a quarter earlier, followed by Financials and Materials.

On the sell side, the largest reduction was Baxter International, an estimated $321M trimmed.

  • Daniel Loeb's largest Q4 2017 buy was Netflix: 20,000,000 shares worth $384M.
  • Daniel Loeb added most to Alphabet (Google) Class A in Q4 2017, an estimated $387M increase.
  • Daniel Loeb's biggest Q4 2017 reduction was Baxter International, cutting an estimated $321M.
  • Daniel Loeb fully exited Bank of America in Q4 2017, selling an estimated $310M.
  • Daniel Loeb's ten largest holdings make up 60% of its $13.9B portfolio in Q4 2017.
  • Daniel Loeb opened 14 new positions and closed 7 in Q4 2017.
  • Daniel Loeb's portfolio value rose 16% quarter-over-quarter to $13.9B.

Based on Third Point's 13F filing for Q4 2017, filed 14 Feb 2018.