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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
+4%
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
$6.81B
AUM Growth
+$1.01B
(+17%)
Cap. Flow
+$1.03B
Cap. Flow % of AUM
Cap. Flow %
15.14%
Top 10 Holdings %
Top 10 Hldgs %
44.09%
Holding
67
New
22
Increased
8
Reduced
11
Closed
20
Avg Time Held
Equity + Options
0.3
years
Top 10 Avg Time Held
Equity + Options
0.3
years
Top 20 Avg Time Held
Equity + Options
0.3
years
Avg Time Held Equity only
0.3
years
Top 10 Avg Time Held Equity only
0.3
years
Top 20 Avg Time Held Equity only
0.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$495M |
| 2 |
CF Industries
CF
|
+$235M |
| 3 |
Verizon
VZ
|
+$166M |
| 4 |
Roper Technologies
ROP
|
+$157M |
| 5 |
CTXS
Citrix Systems Inc
CTXS
|
+$151M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
YHOO
Yahoo Inc
YHOO
|
+$324M |
| 2 |
Liberty Global Class A
LBTYA
|
+$160M |
| 3 |
Abbott
ABT
|
+$125M |
| 4 |
BEAV
B/E Aerospace Inc
BEAV
|
+$117M |
| 5 |
Gilead Sciences
GILD
|
+$113M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 15.88% |
| 2 | Industrials | 13.5% |
| 3 | Energy | 12.27% |
| 4 | Materials | 9.95% |
| 5 | Consumer Staples | 9.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
AGN
1
DELISTED
Allergan plc
AGN
| $515M | 7.56% |
+2,500,000
| New | +$495M |
2014 Q1
0 quarters
|
|
2
DuPont de Nemours
DD
$17.5B
| $351M | 5.16% |
2,853,016
-197,441
| -6% | -$23.3M |
2013 Q4
1 quarter
|
|
3
T-Mobile US
TMUS
$167B
| $314M | 4.61% |
9,500,000
+1,875,000
| +25% | +$59.4M |
2013 Q4
1 quarter
|
|
4
American International
AIG
$42.2B
| $300M | 4.41% |
6,000,000
-1,500,000
| -20% | -$74.6M |
2013 Q2
3 quarters
|
|
|
BID
5
DELISTED
Sotheby's
BID
| $290M | 4.25% |
6,650,000
+300,000
| +5% | +$14.4M |
2013 Q2
3 quarters
|
|
6
FedEx
FDX
$69.5B
| $265M | 3.89% |
2,000,000
-500,000
| -20% | -$67.9M |
2013 Q3
2 quarters
|
|
7
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$30.1B
| $262M | 3.84% |
+5,000,000
| New | +$257M |
2014 Q1
0 quarters
|
|
|
8
CF Industries
CF
$17.9B
| $252M | 3.7% |
+4,832,500
| New | +$235M |
2014 Q1
0 quarters
|
|
9
Alphabet (Google) Class C
GOOG
$4.16T
| $234M | 3.44% |
8,431,485
+2,007,496
| +31% | +$58.5M |
2013 Q3
2 quarters
|
|
10
Liberty Global Class C
LBTYK
$2.54B
| $220M | 3.23% |
6,674,918
+4,449,945
| +200% | +$149M |
2013 Q2
3 quarters
|
|
11
Williams Companies
WMB
$86.1B
| $203M | 2.98% |
5,000,000
+750,000
| +18% | +$30.4M |
2013 Q4
1 quarter
|
|
|
12
Verizon
VZ
$183B
| $166M | 2.45% |
+3,500,000
| New | +$166M |
2014 Q1
0 quarters
|
|
13
Dollar General
DG
$29.4B
| $166M | 2.44% |
3,000,000
+750,000
| +33% | +$43.6M |
2013 Q2
3 quarters
|
|
14
Cheniere Energy
LNG
$59.2B
| $166M | 2.44% |
3,000,000
-200,000
| -6% | -$9.6M |
2013 Q4
1 quarter
|
|
15
Constellation Brands
STZ
$22.2B
| $166M | 2.43% |
1,950,000
-50,000
| -3% | -$3.98M |
2013 Q2
3 quarters
|
|
16
Herc Holdings
HRI
$4.16B
| $160M | 2.35% |
2,000,000
| – | – |
2013 Q4
1 quarter
|
|
|
17
Roper Technologies
ROP
$37.9B
| $154M | 2.26% |
+1,150,000
| New | +$157M |
2014 Q1
0 quarters
|
|
18
DELISTED
Coterra Energy
CTRA
| $152M | 2.24% |
4,500,000
+1,500,000
| +50% | +$55.4M |
2013 Q2
3 quarters
|
|
|
CTXS
19
DELISTED
Citrix Systems Inc
CTXS
| $146M | 2.15% |
+3,202,290
| New | +$151M |
2014 Q1
0 quarters
|
|
20
DELISTED
Anadarko Petroleum
APC
| $144M | 2.12% |
1,700,000
-405,000
| -19% | -$33.2M |
2013 Q2
3 quarters
|
|
21
AB InBev
BUD
$163B
| $142M | 2.09% |
+1,350,000
| New | +$137M |
2014 Q1
0 quarters
|
|
22
Coca-Cola Europacific Partners
CCEP
$49.2B
| $139M | 2.03% |
2,900,000
-200,000
| -6% | -$9.11M |
2013 Q2
3 quarters
|
|
23
CALL
International Paper
IP
$17.9B
| $138M | 2.02% |
3,212,352
| – | – |
2013 Q2
3 quarters
|
|
|
24
International Paper
IP
$17.9B
| $138M | 2.02% |
3,212,352
-1,070,784
| -25% | -$47.6M |
2013 Q2
3 quarters
|
|
25
Crown Holdings
CCK
$12.5B
| $134M | 1.97% |
3,000,000
| – | – |
2013 Q4
1 quarter
|
|
Similar funds
TCIM
Daniel Loeb's Q1 2014 Portfolio in Review
As of Q1 2014, Daniel Loeb held 67 positions worth $6.81B, up 17% from $5.8B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Daniel Loeb deployed $1.03B of net new capital in Q1 2014, opening 22 new positions and adding to 8 existing holdings. Its largest new stake was Allergan plc: 2,500,000 shares worth $515M.
By sector, the portfolio is most concentrated in Communication Services at 16% of assets, up from 13% a quarter earlier, followed by Industrials and Energy.
On the sell side, the largest reduction was American International, an estimated $74.6M trimmed.
- Daniel Loeb's largest Q1 2014 buy was Allergan plc: 2,500,000 shares worth $515M.
- Daniel Loeb added most to Liberty Global Class C in Q1 2014, an estimated $149M increase.
- Daniel Loeb's biggest Q1 2014 reduction was American International, cutting an estimated $74.6M.
- Daniel Loeb fully exited Yahoo Inc in Q1 2014, selling an estimated $324M.
- Daniel Loeb's ten largest holdings make up 44% of its $6.81B portfolio in Q1 2014.
- Daniel Loeb opened 22 new positions and closed 20 in Q1 2014.
- Daniel Loeb's portfolio value rose 17% quarter-over-quarter to $6.81B.
Based on Third Point's 13F filing for Q1 2014, filed 15 May 2014.