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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
+6.17%
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
$8.13B
AUM Growth
+$1.33B
(+19%)
Cap. Flow
+$1.3B
Cap. Flow % of AUM
Cap. Flow %
15.94%
Top 10 Holdings %
Top 10 Hldgs %
56.19%
Holding
59
New
12
Increased
12
Reduced
11
Closed
18
Avg Time Held
Equity + Options
0.4
years
Top 10 Avg Time Held
Equity + Options
0.3
years
Top 20 Avg Time Held
Equity + Options
0.4
years
Avg Time Held Equity only
0.4
years
Top 10 Avg Time Held Equity only
0.4
years
Top 20 Avg Time Held Equity only
0.4
years
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 |
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 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
DuPont de Nemours
DD
$17.6B
| $1.13B | 13.92% |
8,687,384
+5,834,368
| +204% | +$743M |
2013 Q4
2 quarters
|
|
|
2
Ally Financial
ALLY
$11.5B
| $1.09B | 13.39% |
+45,595,000
| New | +$1.11B |
2014 Q2
0 quarters
|
|
|
AGN
3
DELISTED
Allergan plc
AGN
| $558M | 6.86% |
2,500,000
| – | – |
2014 Q1
1 quarter
|
|
4
American International
AIG
$42.2B
| $327M | 4.03% |
6,000,000
| – | – |
2013 Q2
4 quarters
|
|
|
BID
5
DELISTED
Sotheby's
BID
| $279M | 3.43% |
6,650,000
| – | – |
2013 Q2
4 quarters
|
|
6
T-Mobile US
TMUS
$171B
| $269M | 3.31% |
8,000,000
-1,500,000
| -16% | -$48.5M |
2013 Q4
2 quarters
|
|
|
RAX
7
DELISTED
Rackspace Hosting Inc
RAX
| $244M | 3% |
+7,250,000
| New | +$241M |
2014 Q2
0 quarters
|
|
8
Dollar General
DG
$29.6B
| $229M | 2.82% |
4,000,000
+1,000,000
| +33% | +$57.2M |
2013 Q2
4 quarters
|
|
9
Liberty Global Class C
LBTYK
$2.62B
| $224M | 2.76% |
6,551,309
-123,609
| -2% | -$4.09M |
2013 Q2
4 quarters
|
|
10
Williams Companies
WMB
$87.2B
| $218M | 2.68% |
3,750,000
-1,250,000
| -25% | -$57.9M |
2013 Q4
2 quarters
|
|
11
CF Industries
CF
$18.3B
| $218M | 2.68% |
4,525,000
-307,500
| -6% | -$15M |
2014 Q1
1 quarter
|
|
12
DELISTED
Anadarko Petroleum
APC
| $208M | 2.56% |
1,900,000
+200,000
| +12% | +$20.4M |
2013 Q2
4 quarters
|
|
13
YPF Sociedad Anonima ADS
YPF
$20.4B
| $204M | 2.51% |
6,250,000
+3,600,000
| +136% | +$110M |
2014 Q1
1 quarter
|
|
14
AB InBev
BUD
$163B
| $201M | 2.47% |
1,750,000
+400,000
| +30% | +$44M |
2014 Q1
1 quarter
|
|
15
Constellation Brands
STZ
$22.2B
| $194M | 2.38% |
2,200,000
+250,000
| +13% | +$20.6M |
2013 Q2
4 quarters
|
|
16
Roper Technologies
ROP
$37.9B
| $190M | 2.33% |
1,300,000
+150,000
| +13% | +$20.9M |
2014 Q1
1 quarter
|
|
17
Masco
MAS
$14.4B
| $189M | 2.32% |
9,673,000
+4,267,500
| +79% | +$80.4M |
2014 Q1
1 quarter
|
|
18
Cheniere Energy
LNG
$59.8B
| $161M | 1.98% |
2,250,000
-750,000
| -25% | -$45.6M |
2013 Q4
2 quarters
|
|
19
Herc Holdings
HRI
$4.06B
| $161M | 1.98% |
1,916,667
-83,333
| -4% | -$7.02M |
2013 Q4
2 quarters
|
|
20
Coca-Cola Europacific Partners
CCEP
$49.4B
| $160M | 1.97% |
3,350,000
+450,000
| +16% | +$20.8M |
2013 Q2
4 quarters
|
|
|
21
FedEx
FDX
$69.5B
| $151M | 1.86% |
1,000,000
-1,000,000
| -50% | -$140M |
2013 Q3
3 quarters
|
|
22
Broadcom
AVGO
$1.57T
| $144M | 1.77% |
20,000,000
| – | – |
2014 Q1
1 quarter
|
|
23
H&R Block
HRB
$5.96B
| $144M | 1.77% |
4,300,000
+800,000
| +23% | +$23.8M |
2014 Q1
1 quarter
|
|
24
Sensata Technologies
ST
$5.91B
| $140M | 1.73% |
3,000,000
+1,150,000
| +62% | +$50.3M |
2014 Q1
1 quarter
|
|
|
25
People Inc
PPLI
$2.89B
| $138M | 1.7% |
+11,190,815
| New | +$134M |
2014 Q2
0 quarters
|
|
Similar funds
TCIM
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 $1.3B 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.