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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
+0.33%
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
$10.9B
AUM Growth
+$998M
(+10%)
Cap. Flow
+$808M
Cap. Flow % of AUM
Cap. Flow %
7.44%
Top 10 Holdings %
Top 10 Hldgs %
69.48%
Holding
42
New
15
Increased
8
Reduced
9
Closed
5
Avg Time Held
Equity + Options
0.8
years
Top 10 Avg Time Held
Equity + Options
0.8
years
Top 20 Avg Time Held
Equity + Options
0.8
years
Avg Time Held Equity only
0.9
years
Top 10 Avg Time Held Equity only
0.8
years
Top 20 Avg Time Held Equity only
0.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$515M |
| 2 |
Yum! Brands
YUM
|
+$396M |
| 3 |
BXLT
BAXALTA INC COM STK (DE)
BXLT
|
+$237M |
| 4 |
TransDigm Group
TDG
|
+$218M |
| 5 |
Lowe's Companies
LOW
|
+$212M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amgen
AMGN
|
+$898M |
| 2 |
Liberty Global Class C
LBTYK
|
+$204M |
| 3 |
AGN
Allergan plc
AGN
|
+$115M |
| 4 |
J.M. Smucker
SJM
|
+$110M |
| 5 |
eBay
EBAY
|
+$110M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 42.33% |
| 2 | Consumer Discretionary | 13.67% |
| 3 | Materials | 11.71% |
| 4 | Consumer Staples | 8.63% |
| 5 | Communication Services | 7.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Baxter International
BAX
$13.1B
| $2.21B | 20.38% |
53,850,000
| – | – |
2015 Q2
3 quarters
|
|
|
AGN
2
DELISTED
Allergan plc
AGN
| $1.34B | 12.34% |
5,000,000
-400,000
| -7% | -$115M |
2014 Q1
8 quarters
|
|
3
DuPont de Nemours
DD
$17.6B
| $1.27B | 11.71% |
9,872,028
-98,720
| -1% | -$11.8M |
2013 Q4
9 quarters
|
|
|
4
Alphabet (Google) Class A
GOOGL
$4.17T
| $534M | 4.92% |
+14,000,000
| New | +$515M |
2016 Q1
0 quarters
|
|
|
5
Yum! Brands
YUM
$41.1B
| $450M | 4.15% |
7,650,500
+7,545,758
| +7,204% | +$396M |
2015 Q1
4 quarters
|
|
|
6
Amgen
AMGN
$234B
| $450M | 4.14% |
3,000,000
-6,042,900
| -67% | -$898M |
2014 Q2
7 quarters
|
|
7
Mohawk Industries
MHK
$8.15B
| $382M | 3.52% |
2,000,000
-125,000
| -6% | -$21.8M |
2014 Q4
5 quarters
|
|
8
Danaher
DHR
$161B
| $351M | 3.23% |
5,504,978
+2,157,356
| +64% | +$129M |
2015 Q3
2 quarters
|
|
9
Chubb
CB
$139B
| $286M | 2.63% |
2,400,000
+900,000
| +60% | +$103M |
2015 Q4
1 quarter
|
|
10
Constellation Brands
STZ
$22.2B
| $267M | 2.46% |
1,765,000
+165,000
| +10% | +$23.8M |
2013 Q2
11 quarters
|
|
11
Roper Technologies
ROP
$37.9B
| $247M | 2.27% |
1,350,000
-100,000
| -7% | -$17.2M |
2014 Q1
8 quarters
|
|
|
TWC
12
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $246M | 2.26% |
1,200,000
-200,000
| -14% | -$37.8M |
2015 Q3
2 quarters
|
|
|
BXLT
13
DELISTED
BAXALTA INC COM STK (DE)
BXLT
| $242M | 2.23% |
+6,000,000
| New | +$237M |
2016 Q1
0 quarters
|
|
14
DELISTED
Sealed Air
SEE
| $240M | 2.21% |
5,000,000
-250,000
| -5% | -$10.9M |
2015 Q2
3 quarters
|
|
|
15
Lowe's Companies
LOW
$111B
| $227M | 2.09% |
+3,000,000
| New | +$212M |
2016 Q1
0 quarters
|
|
|
16
TransDigm Group
TDG
$63B
| $220M | 2.03% |
+1,000,000
| New | +$218M |
2016 Q1
0 quarters
|
|
17
AB InBev
BUD
$163B
| $218M | 2.01% |
1,750,000
+350,000
| +25% | +$41.5M |
2014 Q1
8 quarters
|
|
18
Molson Coors Class B
TAP
$7.37B
| $207M | 1.9% |
2,150,000
+150,000
| +8% | +$13.4M |
2015 Q2
3 quarters
|
|
19
Broadcom
AVGO
$1.57T
| $201M | 1.85% |
13,000,000
-2,000,000
| -13% | -$27M |
2015 Q3
2 quarters
|
|
20
DELISTED
EMC CORPORATION
EMC
| $187M | 1.72% |
+7,000,000
| New | +$177M |
2016 Q1
0 quarters
|
|
|
BID
21
DELISTED
Sotheby's
BID
| $178M | 1.64% |
6,660,925
+10,925
| +0.2% | +$262K |
2013 Q2
11 quarters
|
|
22
Signet Jewelers
SIG
$4.54B
| $124M | 1.14% |
+1,000,000
| New | +$114M |
2016 Q1
0 quarters
|
|
|
23
CALL
Yum! Brands
YUM
$41.1B
| $123M | 1.13% |
+2,086,500
| New | +$109M |
2016 Q1
0 quarters
|
|
24
Nomad Foods
NOMD
$1.64B
| $105M | 0.97% |
+11,685,000
| New | +$98.5M |
2016 Q1
0 quarters
|
|
|
25
J.M. Smucker
SJM
$13.6B
| $101M | 0.93% |
775,000
-875,000
| -53% | -$110M |
2015 Q1
4 quarters
|
|
Similar funds
TCIM
Daniel Loeb's Q1 2016 Portfolio in Review
As of Q1 2016, Daniel Loeb held 42 positions worth $10.9B, up 10% from $9.9B the previous quarter. Its ten largest holdings account for 69% of the portfolio.
Daniel Loeb deployed $808M of net new capital in Q1 2016, opening 15 new positions and adding to 8 existing holdings. Its largest new stake was Alphabet (Google) Class A: 14,000,000 shares worth $534M.
By sector, the portfolio is most concentrated in Healthcare at 42% of assets, down from 55% a quarter earlier, followed by Consumer Discretionary and Materials.
On the sell side, the largest reduction was Amgen, an estimated $898M trimmed.
- Daniel Loeb's largest Q1 2016 buy was Alphabet (Google) Class A: 14,000,000 shares worth $534M.
- Daniel Loeb added most to Yum! Brands in Q1 2016, an estimated $396M increase.
- Daniel Loeb's biggest Q1 2016 reduction was Amgen, cutting an estimated $898M.
- Daniel Loeb fully exited Liberty Global Class C in Q1 2016, selling an estimated $204M.
- Daniel Loeb's ten largest holdings make up 69% of its $10.9B portfolio in Q1 2016.
- Daniel Loeb opened 15 new positions and closed 5 in Q1 2016.
- Daniel Loeb's portfolio value rose 10% quarter-over-quarter to $10.9B.
Based on Third Point's 13F filing for Q1 2016, filed 13 May 2016.