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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
+8.58%
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
$6.82B
AUM Growth
+$713M
Cap. Flow
+$299M
Cap. Flow %
4.38%
Top 10 Hldgs %
64.07%
Holding
58
New
12
Increased
12
Reduced
6
Closed
13

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$468M
2
TSM icon
TSMC
TSM
+$228M
3
ICE icon
Intercontinental Exchange
ICE
+$200M
4
NVDA icon
NVIDIA
NVDA
+$166M
5
MSFT icon
Microsoft
MSFT
+$147M

Top Sells

Rank Stock Value
1
CL icon
Colgate-Palmolive
CL
+$830M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$383M
3
CRM icon
Salesforce
CRM
+$160M
4
UNH icon
UnitedHealth
UNH
+$158M
5
NATI
National Instruments Corp
NATI
+$105M

Sector Composition

Rank Sector Weight
1 Technology 22.78%
2 Consumer Discretionary 19.09%
3 Utilities 14.95%
4 Healthcare 14.23%
5 Industrials 9.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CTLT
51
DELISTED
CATALENT, INC.
CTLT
– –
-200,000
Closed -$13.1M
NATI
52
DELISTED
National Instruments Corp
NATI
– –
-2,000,000
Closed -$105M
HCNE
53
DELISTED
Jaws Hurricane Acquisition Corp. Class A Common Stock
HCNE
– –
-992,739
Closed -$10.1M
HCNEW
54
DELISTED
Jaws Hurricane Acquisition Corp. Warrant
HCNEW
– –
-248,184
Closed -$38.5K
LITTW
55
DELISTED
Logistics Innovation Technologies Corp. Warrant
LITTW
– –
-333,332
Closed -$36.7K
LITT
56
DELISTED
Logistics Innovation Technologies Corp. Class A Common Stock
LITT
– –
-1,000,000
Closed -$10.2M
RONI.WS
57
DELISTED
Rice Acquisition Corp. II Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
RONI.WS
– –
-500,000
Closed -$732K
KVSC
58
DELISTED
Khosla Ventures Acquisition Co. III Class A Common Stock
KVSC
– –
-2,000,000
Closed -$20.3M
1 2
3

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Daniel Loeb's Q2 2023 Portfolio in Review

As of Q2 2023, Daniel Loeb held 58 positions worth $6.82B, up 12% from $6.11B the previous quarter. Its ten largest holdings account for 64% of the portfolio.

Daniel Loeb deployed $299M of net new capital in Q2 2023, opening 12 new positions and adding to 12 existing holdings. Its largest new stake was Amazon: 4,100,000 shares worth $534M.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 13% a quarter earlier, followed by Consumer Discretionary and Utilities.

On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $383M trimmed.

  • Daniel Loeb's largest Q2 2023 buy was Amazon: 4,100,000 shares worth $534M.
  • Daniel Loeb added most to Microsoft in Q2 2023, an estimated $147M increase.
  • Daniel Loeb's biggest Q2 2023 reduction was Alphabet (Google) Class A, cutting an estimated $383M.
  • Daniel Loeb fully exited Colgate-Palmolive in Q2 2023, selling an estimated $830M.
  • Daniel Loeb's ten largest holdings make up 64% of its $6.82B portfolio in Q2 2023.
  • Daniel Loeb opened 12 new positions and closed 13 in Q2 2023.
  • Daniel Loeb's portfolio value rose 12% quarter-over-quarter to $6.82B.

Based on Third Point's 13F filing for Q2 2023, filed 14 Aug 2023.