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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
+14.74%
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
$5.8B
AUM Growth
+$1.71B
(+42%)
Cap. Flow
+$629M
Cap. Flow % of AUM
Cap. Flow %
10.84%
Top 10 Holdings %
Top 10 Hldgs %
48.35%
Holding
55
New
18
Increased
15
Reduced
10
Closed
10
Avg Time Held
Equity + Options
0.2
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
0.3
years
Top 10 Avg Time Held Equity only
0.2
years
Top 20 Avg Time Held Equity only
0.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$313M |
| 2 |
T-Mobile US
TMUS
|
+$209M |
| 3 |
Williams Companies
WMB
|
+$153M |
| 4 |
Herc Holdings
HRI
|
+$143M |
| 5 |
Crown Holdings
CCK
|
+$128M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
YHOO
Yahoo Inc
YHOO
|
+$287M |
| 2 |
CF Industries
CF
|
+$183M |
| 3 |
ELN
ELAN CORP ADS(RP1 ORD4IRISH PN
ELN
|
+$156M |
| 4 |
Thermo Fisher Scientific
TMO
|
+$143M |
| 5 |
American International
AIG
|
+$125M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 19.35% |
| 2 | Industrials | 18.35% |
| 3 | Communication Services | 13.42% |
| 4 | Miscellaneous | 9.13% |
| 5 | Financials | 8.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
American International
AIG
$42.8B
| $383M | 6.6% |
7,500,000
-2,500,000
| -25% | -$125M |
2013 Q2
2 quarters
|
|
2
FedEx
FDX
$70.7B
| $359M | 6.19% |
2,500,000
+500,000
| +25% | +$66.2M |
2013 Q3
1 quarter
|
|
|
3
DuPont de Nemours
DD
$18B
| $343M | 5.91% |
+3,050,457
| New | +$313M |
2013 Q4
0 quarters
|
|
|
BID
4
DELISTED
Sotheby's
BID
| $338M | 5.82% |
6,350,000
+200,000
| +3% | +$10.3M |
2013 Q2
2 quarters
|
|
|
YHOO
5
DELISTED
Yahoo Inc
YHOO
| $324M | 5.58% |
8,000,000
-8,000,000
| -50% | -$287M |
2013 Q2
2 quarters
|
|
|
6
T-Mobile US
TMUS
$169B
| $257M | 4.42% |
+7,625,000
| New | +$209M |
2013 Q4
0 quarters
|
|
|
7
CALL
American International
AIG
$42.8B
| $255M | 4.4% |
+5,000,000
| New | +$249M |
2013 Q4
0 quarters
|
|
8
International Paper
IP
$17.8B
| $196M | 3.38% |
4,283,136
-267,696
| -6% | -$11.5M |
2013 Q2
2 quarters
|
|
9
Alphabet (Google) Class C
GOOG
$4.11T
| $179M | 3.09% |
6,423,989
+2,007,497
| +45% | +$50.8M |
2013 Q3
1 quarter
|
|
|
10
Herc Holdings
HRI
$4.19B
| $172M | 2.96% |
+2,000,000
| New | +$143M |
2013 Q4
0 quarters
|
|
11
DELISTED
Anadarko Petroleum
APC
| $167M | 2.88% |
2,105,000
+605,000
| +40% | +$54.2M |
2013 Q2
2 quarters
|
|
|
12
Williams Companies
WMB
$86B
| $164M | 2.83% |
+4,250,000
| New | +$153M |
2013 Q4
0 quarters
|
|
13
Liberty Global Class A
LBTYA
$2.72B
| $160M | 2.76% |
4,364,885
-2,303,689
| -35% | -$77.2M |
2013 Q2
2 quarters
|
|
|
14
CALL
International Paper
IP
$17.8B
| $147M | 2.54% |
3,212,352
-1,606,176
| -33% | -$68.7M |
2013 Q2
2 quarters
|
|
15
Constellation Brands
STZ
$22.5B
| $141M | 2.43% |
2,000,000
-750,000
| -27% | -$50.1M |
2013 Q2
2 quarters
|
|
16
Cheniere Energy
LNG
$58.5B
| $138M | 2.38% |
+3,200,000
| New | +$127M |
2013 Q4
0 quarters
|
|
17
Coca-Cola Europacific Partners
CCEP
$49.8B
| $137M | 2.36% |
3,100,000
-100,000
| -3% | -$4.18M |
2013 Q2
2 quarters
|
|
18
Dollar General
DG
$29.6B
| $136M | 2.34% |
2,250,000
+250,000
| +13% | +$14.7M |
2013 Q2
2 quarters
|
|
|
19
Crown Holdings
CCK
$12.4B
| $134M | 2.3% |
+3,000,000
| New | +$128M |
2013 Q4
0 quarters
|
|
20
Abbott
ABT
$177B
| $125M | 2.15% |
+3,250,000
| New | +$120M |
2013 Q4
0 quarters
|
|
|
21
CALL
Dollar General
DG
$29.6B
| $121M | 2.08% |
2,000,000
+1,968,000
| +6,150% | +$116M |
2013 Q3
1 quarter
|
|
|
BEAV
22
DELISTED
B/E Aerospace Inc
BEAV
| $117M | 2.02% |
1,864,350
-69,050
| -4% | -$4.12M |
2013 Q2
2 quarters
|
|
23
DELISTED
Coterra Energy
CTRA
| $116M | 2% |
3,000,000
+1,900,000
| +173% | +$67.8M |
2013 Q2
2 quarters
|
|
24
Gilead Sciences
GILD
$194B
| $113M | 1.94% |
1,500,000
+1,000,000
| +200% | +$69.6M |
2013 Q3
1 quarter
|
|
25
Baidu
BIDU
$27.4B
| $107M | 1.84% |
+600,000
| New | +$97M |
2013 Q4
0 quarters
|
|
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TCIM
Daniel Loeb's Q4 2013 Portfolio in Review
As of Q4 2013, Daniel Loeb held 55 positions worth $5.8B, up 42% from $4.09B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Daniel Loeb deployed $629M of net new capital in Q4 2013, opening 18 new positions and adding to 15 existing holdings. Its largest new stake was DuPont de Nemours: 3,050,457 shares worth $343M.
By sector, the portfolio is most concentrated in Energy at 19% of assets, down from 22% a quarter earlier, followed by Industrials and Communication Services.
On the sell side, the largest reduction was Yahoo Inc, an estimated $287M trimmed.
- Daniel Loeb's largest Q4 2013 buy was DuPont de Nemours: 3,050,457 shares worth $343M.
- Daniel Loeb added most to Gilead Sciences in Q4 2013, an estimated $69.6M increase.
- Daniel Loeb's biggest Q4 2013 reduction was Yahoo Inc, cutting an estimated $287M.
- Daniel Loeb fully exited CF Industries in Q4 2013, selling an estimated $183M.
- Daniel Loeb's ten largest holdings make up 48% of its $5.8B portfolio in Q4 2013.
- Daniel Loeb opened 18 new positions and closed 10 in Q4 2013.
- Daniel Loeb's portfolio value rose 42% quarter-over-quarter to $5.8B.
Based on Third Point's 13F filing for Q4 2013, filed 14 Feb 2014.