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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
-9.53%
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
$10.6B
AUM Growth
-$77.1M
(-0.72%)
Cap. Flow
+$1.27B
Cap. Flow % of AUM
Cap. Flow %
11.95%
Top 10 Holdings %
Top 10 Hldgs %
73.41%
Holding
53
New
4
Increased
9
Reduced
10
Closed
21
Avg Time Held
Equity + Options
0.9
years
Top 10 Avg Time Held
Equity + Options
0.5
years
Top 20 Avg Time Held
Equity + Options
0.7
years
Avg Time Held Equity only
1
year
Top 10 Avg Time Held Equity only
0.5
years
Top 20 Avg Time Held Equity only
0.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Baxter International
BAX
|
+$1.76B |
| 2 |
Yum! Brands
YUM
|
+$676M |
| 3 |
The Kraft Heinz Company
KHC
|
+$623M |
| 4 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$243M |
| 5 |
Broadcom
AVGO
|
+$208M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SUNEDISON, INC COM
SUNE
|
+$371M |
| 2 |
eBay
EBAY
|
+$269M |
| 3 |
Phillips 66
PSX
|
+$262M |
| 4 |
Ally Financial
ALLY
|
+$224M |
| 5 |
Devon Energy
DVN
|
+$223M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 41.21% |
| 2 | Consumer Discretionary | 17.66% |
| 3 | Consumer Staples | 12.05% |
| 4 | Materials | 9.4% |
| 5 | Communication Services | 8.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Baxter International
BAX
$13.1B
| $1.77B | 16.69% |
53,850,000
+46,578,050
| +641% | +$1.76B |
2015 Q2
1 quarter
|
|
2
Amgen
AMGN
$234B
| $1.36B | 12.85% |
9,850,000
+850,000
| +9% | +$134M |
2014 Q2
5 quarters
|
|
|
AGN
3
DELISTED
Allergan plc
AGN
| $997M | 9.41% |
3,669,000
+369,000
| +11% | +$113M |
2014 Q1
6 quarters
|
|
4
DuPont de Nemours
DD
$17.6B
| $996M | 9.4% |
9,279,706
+197,440
| +2% | +$22.9M |
2013 Q4
7 quarters
|
|
|
5
Yum! Brands
YUM
$41.1B
| $927M | 8.75% |
16,135,600
+11,162,775
| +224% | +$676M |
2015 Q1
2 quarters
|
|
|
6
The Kraft Heinz Company
KHC
$28.1B
| $582M | 5.49% |
+8,250,000
| New | +$623M |
2015 Q3
0 quarters
|
|
7
Mohawk Industries
MHK
$8.15B
| $391M | 3.69% |
2,150,000
-250,000
| -10% | -$49.5M |
2014 Q4
3 quarters
|
|
8
T-Mobile US
TMUS
$171B
| $259M | 2.44% |
6,500,000
| – | – |
2015 Q2
1 quarter
|
|
9
Roper Technologies
ROP
$37.9B
| $251M | 2.37% |
1,600,000
+100,000
| +7% | +$16.5M |
2014 Q1
6 quarters
|
|
10
DELISTED
Sealed Air
SEE
| $246M | 2.32% |
5,250,000
+400,000
| +8% | +$20.7M |
2015 Q2
1 quarter
|
|
|
TWC
11
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $233M | 2.2% |
+1,300,000
| New | +$243M |
2015 Q3
0 quarters
|
|
|
12
eBay
EBAY
$53.5B
| $220M | 2.08% |
9,000,000
-10,008,000
| -53% | -$269M |
2014 Q3
4 quarters
|
|
13
Constellation Brands
STZ
$22.2B
| $219M | 2.07% |
1,750,000
-150,000
| -8% | -$18.5M |
2013 Q2
9 quarters
|
|
|
BID
14
DELISTED
Sotheby's
BID
| $213M | 2.01% |
6,650,000
| – | – |
2013 Q2
9 quarters
|
|
|
15
Broadcom
AVGO
$1.57T
| $206M | 1.95% |
+16,500,000
| New | +$208M |
2015 Q3
0 quarters
|
|
16
Liberty Global Class C
LBTYK
$2.62B
| $205M | 1.93% |
5,760,000
-420,480
| -7% | -$17M |
2013 Q2
9 quarters
|
|
17
Danaher
DHR
$161B
| $192M | 1.81% |
+3,347,622
| New | +$198M |
2015 Q3
0 quarters
|
|
18
Molson Coors Class B
TAP
$7.37B
| $178M | 1.68% |
2,150,000
+1,150,000
| +115% | +$83.2M |
2015 Q2
1 quarter
|
|
19
NXP Semiconductors
NXPI
$57.8B
| $170M | 1.6% |
1,950,000
-150,000
| -7% | -$13.5M |
2015 Q1
2 quarters
|
|
20
People Inc
PPLI
$2.89B
| $163M | 1.54% |
13,988,519
-1,398,852
| -9% | -$18.6M |
2014 Q2
5 quarters
|
|
21
AB InBev
BUD
$163B
| $149M | 1.4% |
1,400,000
-350,000
| -20% | -$40.6M |
2014 Q1
6 quarters
|
|
22
J.M. Smucker
SJM
$13.6B
| $148M | 1.4% |
1,300,000
-150,000
| -10% | -$16.7M |
2015 Q1
2 quarters
|
|
|
23
CALL
AB InBev
BUD
$163B
| $133M | 1.25% |
1,250,000
| – | – |
2015 Q1
2 quarters
|
|
24
Green Brick Partners
GRBK
$2.63B
| $87.2M | 0.82% |
8,083,022
| – | – |
2013 Q2
9 quarters
|
|
|
25
CALL
T-Mobile US
TMUS
$171B
| $79.6M | 0.75% |
2,000,000
+1,000,000
| +100% | +$39.9M |
2015 Q2
1 quarter
|
|
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Daniel Loeb's Q3 2015 Portfolio in Review
As of Q3 2015, Daniel Loeb held 53 positions worth $10.6B, down 0.72% from $10.7B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Daniel Loeb deployed $1.27B of net new capital in Q3 2015, opening 4 new positions and adding to 9 existing holdings. Its largest new stake was The Kraft Heinz Company: 8,250,000 shares worth $582M.
By sector, the portfolio is most concentrated in Healthcare at 41% of assets, up from 27% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
On the sell side, the largest reduction was eBay, an estimated $269M trimmed.
- Daniel Loeb's largest Q3 2015 buy was The Kraft Heinz Company: 8,250,000 shares worth $582M.
- Daniel Loeb added most to Baxter International in Q3 2015, an estimated $1.76B increase.
- Daniel Loeb's biggest Q3 2015 reduction was eBay, cutting an estimated $269M.
- Daniel Loeb fully exited SUNEDISON, INC COM in Q3 2015, selling an estimated $371M.
- Daniel Loeb's ten largest holdings make up 73% of its $10.6B portfolio in Q3 2015.
- Daniel Loeb opened 4 new positions and closed 21 in Q3 2015.
- Daniel Loeb's portfolio value fell 0.72% quarter-over-quarter to $10.6B.
Based on Third Point's 13F filing for Q3 2015, filed 13 Nov 2015.