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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
+8.19%
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
$8.7B
AUM Growth
+$280M
Cap. Flow
-$324M
Cap. Flow %
-3.73%
Top 10 Hldgs %
67.38%
Holding
51
New
11
Increased
7
Reduced
7
Closed
14

Top Buys

Rank Stock Value
1
IAA
IAA, Inc. Common Stock
IAA
+$274M
2
AMTD
TD Ameritrade Holding Corp
AMTD
+$130M
3
AMZN icon
Amazon
AMZN
+$124M
4
RTN
Raytheon Company
RTN
+$117M
5
AVTR icon
Avantor
AVTR
+$111M

Top Sells

Rank Stock Value
1
BID
Sotheby's
BID
+$380M
2
PYPL icon
PayPal
PYPL
+$280M
3
CPB icon
Campbell Soup
CPB
+$123M
4
RTX icon
RTX Corp
RTX
+$114M
5
FOXA icon
Fox Class A
FOXA
+$103M

Sector Composition

Rank Sector Weight
1 Healthcare 41.13%
2 Technology 16.16%
3 Consumer Discretionary 10.8%
4 Industrials 10.37%
5 Consumer Staples 8.61%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BID
51
DELISTED
Sotheby's
BID
– –
-6,661,604
Closed -$380M
1 2
3

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Daniel Loeb's Q4 2019 Portfolio in Review

As of Q4 2019, Daniel Loeb held 51 positions worth $8.7B, up 3.3% from $8.42B the previous quarter. Its ten largest holdings account for 67% of the portfolio.

Daniel Loeb withdrew a net $324M in Q4 2019, closing 14 positions and reducing 7 holdings. Its most notable exit was Sotheby's, an estimated $380M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 41% of assets, up from 40% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Daniel Loeb opened a new position in IAA, Inc. Common Stock worth $306M.

  • Daniel Loeb's largest Q4 2019 buy was IAA, Inc. Common Stock: 6,500,000 shares worth $306M.
  • Daniel Loeb added most to Baxter International in Q4 2019, an estimated $53.8M increase.
  • Daniel Loeb's biggest Q4 2019 reduction was Campbell Soup, cutting an estimated $123M.
  • Daniel Loeb fully exited Sotheby's in Q4 2019, selling an estimated $380M.
  • Daniel Loeb's ten largest holdings make up 67% of its $8.7B portfolio in Q4 2019.
  • Daniel Loeb opened 11 new positions and closed 14 in Q4 2019.
  • Daniel Loeb's portfolio value rose 3.3% quarter-over-quarter to $8.7B.

Based on Third Point's 13F filing for Q4 2019, filed 13 Feb 2020.