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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
+2.88%
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
$8.42B
AUM Growth
-$122M
Cap. Flow
-$282M
Cap. Flow %
-3.35%
Top 10 Hldgs %
70.25%
Holding
53
New
11
Increased
5
Reduced
9
Closed
13

Top Buys

Rank Stock Value
1
AGN
Allergan plc
AGN
+$587M
2
FIS icon
Fidelity National Information Services
FIS
+$332M
3
CRM icon
Salesforce
CRM
+$182M
4
BURL icon
Burlington
BURL
+$147M
5
FIVE icon
Five Below
FIVE
+$103M

Top Sells

Rank Stock Value
1
BAX icon
Baxter International
BAX
+$525M
2
WP
Worldpay, Inc.
WP
+$270M
3
MPC icon
Marathon Petroleum
MPC
+$224M
4
NFLX icon
Netflix
NFLX
+$184M
5
ROST icon
Ross Stores
ROST
+$164M

Sector Composition

Rank Sector Weight
1 Healthcare 39.63%
2 Technology 17.52%
3 Industrials 14.71%
4 Consumer Staples 9.67%
5 Financials 8.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ZM icon
51
Zoom
ZM
$31.5B
– –
-200,500
Closed -$17.8M
LINX
52
DELISTED
Linx S.A.
LINX
– –
-200,451
Closed -$1.83M
WP
53
DELISTED
Worldpay, Inc.
WP
– –
-2,200,000
Closed -$270M
1 2
3

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Daniel Loeb's Q3 2019 Portfolio in Review

As of Q3 2019, Daniel Loeb held 53 positions worth $8.42B, down 1.4% from $8.54B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

Daniel Loeb withdrew a net $282M in Q3 2019, closing 13 positions and reducing 9 holdings. Its most notable exit was Worldpay, Inc., an estimated $270M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 40% of assets, up from 36% a quarter earlier, followed by Technology and Industrials.

Against the trend, Daniel Loeb opened a new position in Allergan plc worth $606M.

  • Daniel Loeb's largest Q3 2019 buy was Allergan plc: 3,600,000 shares worth $606M.
  • Daniel Loeb added most to Salesforce in Q3 2019, an estimated $182M increase.
  • Daniel Loeb's biggest Q3 2019 reduction was Baxter International, cutting an estimated $525M.
  • Daniel Loeb fully exited Worldpay, Inc. in Q3 2019, selling an estimated $270M.
  • Daniel Loeb's ten largest holdings make up 70% of its $8.42B portfolio in Q3 2019.
  • Daniel Loeb opened 11 new positions and closed 13 in Q3 2019.
  • Daniel Loeb's portfolio value fell 1.4% quarter-over-quarter to $8.42B.

Based on Third Point's 13F filing for Q3 2019, filed 14 Nov 2019.