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Daniel Loeb Third Point
AUM
$4.68B
Turnover
50%
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
+14.97%
1 Year Est. Return
+37.3%
3 Year Est. Return
+159.49%
5 Year Est. Return
+329.12%
10 Year Est. Return
+1,791.94%
AUM
$4.09B
AUM Growth
-$321M
(-7.3%)
Cap. Flow
-$886M
Cap. Flow % of AUM
Cap. Flow %
-21.65%
Top 10 Holdings %
Top 10 Hldgs %
63.43%
Holding
48
New
15
Increased
7
Reduced
11
Closed
11
Avg Time Held
Equity + Options
0.1
years
Top 10 Avg Time Held
Equity + Options
0.2
years
Top 20 Avg Time Held
Equity + Options
0.2
years
Avg Time Held Equity only
0.2
years
Top 10 Avg Time Held Equity only
0.2
years
Top 20 Avg Time Held Equity only
0.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FedEx
FDX
|
+$216M |
| 2 |
BID
Sotheby's
BID
|
+$162M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$97.6M |
| 4 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$86.6M |
| 5 |
EQT Corp
EQT
|
+$85.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
YHOO
Yahoo Inc
YHOO
|
+$1.3B |
| 2 |
NEWS CORPORATION CL-A
NWSA
|
+$130M |
| 3 |
TIF
Tiffany & Co.
TIF
|
+$120M |
| 4 |
Thermo Fisher Scientific
TMO
|
+$85.9M |
| 5 |
Walt Disney
DIS
|
+$83.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 21.51% |
| 2 | Industrials | 16.37% |
| 3 | Communication Services | 13.95% |
| 4 | Financials | 13.25% |
| 5 | Consumer Staples | 9.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
YHOO
1
DELISTED
Yahoo Inc
YHOO
| $531M | 12.97% |
16,000,000
-46,000,000
| -74% | -$1.3B |
2013 Q2
1 quarter
|
|
2
American International
AIG
$42.2B
| $486M | 11.88% |
10,000,000
| – | – |
2013 Q2
1 quarter
|
|
|
BID
3
DELISTED
Sotheby's
BID
| $302M | 7.38% |
6,150,000
+3,650,000
| +146% | +$162M |
2013 Q2
1 quarter
|
|
|
4
FedEx
FDX
$69.5B
| $228M | 5.58% |
+2,000,000
| New | +$216M |
2013 Q3
0 quarters
|
|
5
Liberty Global Class A
LBTYA
$2.56B
| $218M | 5.33% |
6,668,574
-606,234
| -8% | -$19.6M |
2013 Q2
1 quarter
|
|
6
International Paper
IP
$17.9B
| $190M | 4.65% |
4,550,832
-267,696
| -6% | -$11.9M |
2013 Q2
1 quarter
|
|
7
CF Industries
CF
$17.9B
| $183M | 4.48% |
4,350,000
+125,000
| +3% | +$4.79M |
2013 Q2
1 quarter
|
|
8
Constellation Brands
STZ
$22.2B
| $158M | 3.86% |
2,750,000
+1,250,000
| +83% | +$68M |
2013 Q2
1 quarter
|
|
|
ELN
9
DELISTED
ELAN CORP ADS(RP1 ORD4IRISH PN
ELN
| $156M | 3.81% |
10,000,000
+1,500,000
| +18% | +$22.6M |
2013 Q2
1 quarter
|
|
|
10
Thermo Fisher Scientific
TMO
$251B
| $143M | 3.49% |
1,550,000
-950,000
| -38% | -$85.9M |
2013 Q2
1 quarter
|
|
11
DELISTED
Anadarko Petroleum
APC
| $139M | 3.41% |
1,500,000
+550,000
| +58% | +$50M |
2013 Q2
1 quarter
|
|
12
Liberty Global Class C
LBTYK
$2.54B
| $132M | 3.23% |
4,326,336
-618,043
| -12% | -$18.6M |
2013 Q2
1 quarter
|
|
13
Coca-Cola Europacific Partners
CCEP
$49.2B
| $129M | 3.14% |
3,200,000
+2,200,000
| +220% | +$83.8M |
2013 Q2
1 quarter
|
|
|
TIBX
14
DELISTED
TIBCO SOFTWARE INC
TIBX
| $113M | 2.77% |
4,425,000
-575,000
| -12% | -$13.7M |
2013 Q2
1 quarter
|
|
15
Dollar General
DG
$29.4B
| $113M | 2.76% |
2,000,000
-200,000
| -9% | -$11M |
2013 Q2
1 quarter
|
|
|
BEAV
16
DELISTED
B/E Aerospace Inc
BEAV
| $103M | 2.53% |
1,933,400
-586,925
| -23% | -$29.8M |
2013 Q2
1 quarter
|
|
|
17
Alphabet (Google) Class C
GOOG
$4.16T
| $96.4M | 2.35% |
+4,416,492
| New | +$97.6M |
2013 Q3
0 quarters
|
|
|
TFCFA
18
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $92.2M | 2.25% |
+2,750,000
| New | +$86.6M |
2013 Q3
0 quarters
|
|
|
19
EQT Corp
EQT
$34B
| $88.7M | 2.17% |
+1,837,000
| New | +$85.2M |
2013 Q3
0 quarters
|
|
20
Marathon Petroleum
MPC
$133B
| $80.4M | 1.96% |
2,500,000
| – | – |
2013 Q2
1 quarter
|
|
21
Enphase Energy
ENPH
$4.05B
| $60.5M | 1.48% |
7,448,987
| – | – |
2013 Q2
1 quarter
|
|
22
Fidelity National Financial
FNF
$10.7B
| $55.9M | 1.36% |
+3,678,205
| New | +$51.8M |
2013 Q3
0 quarters
|
|
23
Precigen
PGEN
$2.38B
| $49.1M | 1.2% |
+2,250,235
| New | +$51.9M |
2013 Q3
0 quarters
|
|
|
ATVI
24
DELISTED
Activision Blizzard
ATVI
| $43.4M | 1.06% |
+2,600,000
| New | +$43M |
2013 Q3
0 quarters
|
|
25
DELISTED
Coterra Energy
CTRA
| $41.1M | 1% |
1,100,000
-1,650,000
| -60% | -$61.9M |
2013 Q2
1 quarter
|
|
Similar funds
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Daniel Loeb's Q3 2013 Portfolio in Review
As of Q3 2013, Daniel Loeb held 48 positions worth $4.09B, down 7.3% from $4.41B the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Daniel Loeb withdrew a net $886M in Q3 2013, closing 11 positions and reducing 11 holdings. Its most notable exit was NEWS CORPORATION CL-A, an estimated $130M position sold in full.
By sector, the portfolio is most concentrated in Energy at 22% of assets, down from 43% a quarter earlier, followed by Industrials and Communication Services.
Against the trend, Daniel Loeb opened a new position in FedEx worth $228M.
- Daniel Loeb's largest Q3 2013 buy was FedEx: 2,000,000 shares worth $228M.
- Daniel Loeb added most to Sotheby's in Q3 2013, an estimated $162M increase.
- Daniel Loeb's biggest Q3 2013 reduction was Yahoo Inc, cutting an estimated $1.3B.
- Daniel Loeb fully exited NEWS CORPORATION CL-A in Q3 2013, selling an estimated $130M.
- Daniel Loeb's ten largest holdings make up 63% of its $4.09B portfolio in Q3 2013.
- Daniel Loeb opened 15 new positions and closed 11 in Q3 2013.
- Daniel Loeb's portfolio value fell 7.3% quarter-over-quarter to $4.09B.
Based on Third Point's 13F filing for Q3 2013, filed 14 Nov 2013.