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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
+4.42%
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
$8.74B
AUM Growth
+$890M
Cap. Flow
+$644M
Cap. Flow %
7.37%
Top 10 Hldgs %
64.92%
Holding
51
New
11
Increased
5
Reduced
8
Closed
7

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$364M
2
APH icon
Amphenol
APH
+$177M
3
KBH icon
KB Home
KBH
+$143M
4
ROP icon
Roper Technologies
ROP
+$129M
5
LYV icon
Live Nation Entertainment
LYV
+$129M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$172M
2
SPGI icon
S&P Global
SPGI
+$143M
3
MRVL icon
Marvell Technology
MRVL
+$108M
4
GS icon
Goldman Sachs
GS
+$104M
5
WCC
WESCO International
WCC
+$90M

Sector Composition

Rank Sector Weight
1 Technology 26.49%
2 Consumer Discretionary 19.43%
3 Communication Services 16.76%
4 Utilities 15.14%
5 Financials 6.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WCC
51
WESCO International
WCC
$17B
– –
-525,200
Closed -$90M
1 2
3

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Daniel Loeb's Q2 2024 Portfolio in Review

As of Q2 2024, Daniel Loeb held 51 positions worth $8.74B, up 11% from $7.85B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Daniel Loeb deployed $644M of net new capital in Q2 2024, opening 11 new positions and adding to 5 existing holdings. Its largest new stake was Apple: 1,950,000 shares worth $411M.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 17% a quarter earlier, followed by Consumer Discretionary and Communication Services.

On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $172M trimmed.

  • Daniel Loeb's largest Q2 2024 buy was Apple: 1,950,000 shares worth $411M.
  • Daniel Loeb added most to TSMC in Q2 2024, an estimated $129M increase.
  • Daniel Loeb's biggest Q2 2024 reduction was Alphabet (Google) Class A, cutting an estimated $172M.
  • Daniel Loeb fully exited S&P Global in Q2 2024, selling an estimated $143M.
  • Daniel Loeb's ten largest holdings make up 65% of its $8.74B portfolio in Q2 2024.
  • Daniel Loeb opened 11 new positions and closed 7 in Q2 2024.
  • Daniel Loeb's portfolio value rose 11% quarter-over-quarter to $8.74B.

Based on Third Point's 13F filing for Q2 2024, filed 14 Aug 2024.