Daniel Loeb Third Point
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ally Financial
ALLY
|
+$1.11B |
| 2 |
DuPont de Nemours
DD
|
+$743M |
| 3 |
RAX
Rackspace Hosting Inc
RAX
|
+$241M |
| 4 |
PPLI
People Inc
PPLI
|
+$134M |
| 5 |
FMC
FMC
|
+$117M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$234M |
| 2 |
Verizon
VZ
|
+$166M |
| 3 |
CTRA
Coterra Energy
CTRA
|
+$152M |
| 4 |
FedEx
FDX
|
+$140M |
| 5 |
International Paper
IP
|
+$138M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 19.29% |
| 2 | Financials | 17.55% |
| 3 | Technology | 12.39% |
| 4 | Industrials | 10.94% |
| 5 | Energy | 10.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
DuPont de Nemours
DD
$18.7B
| $1.13B | 13.92% |
8,687,384
+5,834,368
| +204% | +$743M |
|
|
2
Ally Financial
ALLY
$13.1B
| $1.09B | 13.39% |
+45,595,000
| New | +$1.11B |
|
|
AGN
3
DELISTED
Allergan plc
AGN
| $558M | 6.86% |
2,500,000
| – | – |
|
4
American International
AIG
$39.8B
| $327M | 4.03% |
6,000,000
| – | – |
|
|
BID
5
DELISTED
Sotheby's
BID
| $279M | 3.43% |
6,650,000
| – | – |
|
6
T-Mobile US
TMUS
$196B
| $269M | 3.31% |
8,000,000
-1,500,000
| -16% | -$48.5M |
|
|
RAX
7
DELISTED
Rackspace Hosting Inc
RAX
| $244M | 3% |
+7,250,000
| New | +$241M |
|
8
Dollar General
DG
$27.2B
| $229M | 2.82% |
4,000,000
+1,000,000
| +33% | +$57.2M |
|
9
Liberty Global Class C
LBTYK
$3.55B
| $224M | 2.76% |
6,551,309
-123,609
| -2% | -$4.09M |
|
10
Williams Companies
WMB
$86.2B
| $218M | 2.68% |
3,750,000
-1,250,000
| -25% | -$57.9M |
|
11
CF Industries
CF
$19.6B
| $218M | 2.68% |
4,525,000
-307,500
| -6% | -$15M |
|
|
APC
12
DELISTED
Anadarko Petroleum
APC
| $208M | 2.56% |
1,900,000
+200,000
| +12% | +$20.4M |
|
13
YPF Sociedad Anonima ADS
YPF
$20.1B
| $204M | 2.51% |
6,250,000
+3,600,000
| +136% | +$110M |
|
14
AB InBev
BUD
$155B
| $201M | 2.47% |
1,750,000
+400,000
| +30% | +$44M |
|
15
Constellation Brands
STZ
$23.2B
| $194M | 2.38% |
2,200,000
+250,000
| +13% | +$20.6M |
|
16
Roper Technologies
ROP
$40.7B
| $190M | 2.33% |
1,300,000
+150,000
| +13% | +$20.9M |
|
17
Masco
MAS
$14.5B
| $189M | 2.32% |
9,673,000
+4,267,500
| +79% | +$80.4M |
|
18
Cheniere Energy
LNG
$57.3B
| $161M | 1.98% |
2,250,000
-750,000
| -25% | -$45.6M |
|
19
Herc Holdings
HRI
$5.41B
| $161M | 1.98% |
1,916,667
-83,333
| -4% | -$7.02M |
|
20
Coca-Cola Europacific Partners
CCEP
$47.7B
| $160M | 1.97% |
3,350,000
+450,000
| +16% | +$20.8M |
|
|
21
FedEx
FDX
$76.9B
| $151M | 1.86% |
1,000,000
-1,000,000
| -50% | -$140M |
|
22
Broadcom
AVGO
$1.75T
| $144M | 1.77% |
20,000,000
| – | – |
|
23
H&R Block
HRB
$6.62B
| $144M | 1.77% |
4,300,000
+800,000
| +23% | +$23.8M |
|
24
Sensata Technologies
ST
$6.23B
| $140M | 1.73% |
3,000,000
+1,150,000
| +62% | +$50.3M |
|
|
PPLI
25
People Inc
PPLI
$2.86B
| $138M | 1.7% |
+11,190,815
| New | +$134M |
|
Similar funds
Daniel Loeb's Q2 2014 Portfolio in Review
As of Q2 2014, Daniel Loeb held 59 positions worth $8.13B, up 19% from $6.81B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Daniel Loeb deployed $919M of net new capital in Q2 2014, opening 12 new positions and adding to 12 existing holdings. Its largest new stake was Ally Financial: 45,595,000 shares worth $1.09B.
By sector, the portfolio is most concentrated in Materials at 19% of assets, up from 10% a quarter earlier, followed by Financials and Technology.
On the sell side, the largest reduction was FedEx, an estimated $140M trimmed.
- Daniel Loeb's largest Q2 2014 buy was Ally Financial: 45,595,000 shares worth $1.09B.
- Daniel Loeb added most to DuPont de Nemours in Q2 2014, an estimated $743M increase.
- Daniel Loeb's biggest Q2 2014 reduction was FedEx, cutting an estimated $140M.
- Daniel Loeb fully exited Alphabet (Google) Class C in Q2 2014, selling an estimated $234M.
- Daniel Loeb's ten largest holdings make up 56% of its $8.13B portfolio in Q2 2014.
- Daniel Loeb opened 12 new positions and closed 18 in Q2 2014.
- Daniel Loeb's portfolio value rose 19% quarter-over-quarter to $8.13B.
Based on Third Point's 13F filing for Q2 2014, filed 14 Aug 2014.