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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
+10.99%
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
$10.2B
AUM Growth
+$59.6M
(+0.59%)
Cap. Flow
-$1.03B
Cap. Flow % of AUM
Cap. Flow %
-10.04%
Top 10 Holdings %
Top 10 Hldgs %
61.45%
Holding
51
New
13
Increased
5
Reduced
15
Closed
13
Avg Time Held
Equity + Options
0.9
years
Top 10 Avg Time Held
Equity + Options
0.8
years
Top 20 Avg Time Held
Equity + Options
0.9
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
0.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
T-Mobile US
TMUS
|
+$307M |
| 2 |
Salesforce
CRM
|
+$240M |
| 3 |
Qualcomm
QCOM
|
+$203M |
| 4 |
Hewlett Packard
HPE
|
+$139M |
| 5 |
Celanese
CE
|
+$109M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Humana
HUM
|
+$305M |
| 2 |
Baxter International
BAX
|
+$290M |
| 3 |
Apple
AAPL
|
+$214M |
| 4 |
Molson Coors Class B
TAP
|
+$165M |
| 5 |
PVTB
PrivateBancorp Inc
PVTB
|
+$163M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 29.91% |
| 2 | Communication Services | 19.39% |
| 3 | Materials | 14.39% |
| 4 | Financials | 8.24% |
| 5 | Technology | 7.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Baxter International
BAX
$13.1B
| $2.39B | 23.28% |
46,000,000
-5,901,767
| -11% | -$290M |
2015 Q2
7 quarters
|
|
2
DuPont de Nemours
DD
$17.6B
| $998M | 9.73% |
6,199,633
-513,346
| -8% | -$79.7M |
2013 Q4
13 quarters
|
|
3
Constellation Brands
STZ
$22.2B
| $486M | 4.74% |
3,000,000
| – | – |
2013 Q2
15 quarters
|
|
4
Meta Platforms (Facebook)
META
$1.81T
| $426M | 4.16% |
3,000,000
-500,000
| -14% | -$66.8M |
2016 Q2
3 quarters
|
|
5
Alphabet (Google) Class A
GOOGL
$4.17T
| $386M | 3.76% |
9,100,000
+600,000
| +7% | +$25.2M |
2016 Q1
4 quarters
|
|
|
TWX
6
DELISTED
Time Warner Inc
TWX
| $342M | 3.34% |
3,500,000
+500,000
| +17% | +$48.4M |
2016 Q4
1 quarter
|
|
7
JPMorgan Chase
JPM
$902B
| $329M | 3.21% |
3,750,000
-1,500,000
| -29% | -$132M |
2016 Q4
1 quarter
|
|
|
8
T-Mobile US
TMUS
$171B
| $323M | 3.15% |
+5,000,000
| New | +$307M |
2017 Q1
0 quarters
|
|
9
Bank of America
BAC
$358B
| $318M | 3.11% |
13,500,000
-4,000,000
| -23% | -$94.9M |
2016 Q4
1 quarter
|
|
|
BID
10
DELISTED
Sotheby's
BID
| $303M | 2.96% |
6,661,604
| – | – |
2013 Q2
15 quarters
|
|
11
Sherwin-Williams
SHW
$81.4B
| $279M | 2.72% |
2,700,000
-300,000
| -10% | -$30.2M |
2016 Q2
3 quarters
|
|
12
Danaher
DHR
$161B
| $265M | 2.59% |
3,496,800
-169,200
| -5% | -$12.6M |
2015 Q3
6 quarters
|
|
13
Charter Communications
CHTR
$12.6B
| $262M | 2.56% |
800,000
-50,000
| -6% | -$15.9M |
2016 Q2
3 quarters
|
|
|
14
Salesforce
CRM
$198B
| $247M | 2.41% |
+3,000,000
| New | +$240M |
2017 Q1
0 quarters
|
|
15
General Dynamics
GD
$93.1B
| $234M | 2.28% |
1,250,000
-50,000
| -4% | -$9.24M |
2016 Q2
3 quarters
|
|
16
Mohawk Industries
MHK
$8.15B
| $218M | 2.13% |
950,000
-250,000
| -21% | -$54.9M |
2014 Q4
9 quarters
|
|
|
17
Qualcomm
QCOM
$184B
| $201M | 1.96% |
+3,500,000
| New | +$203M |
2017 Q1
0 quarters
|
|
|
ZAYO
18
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $197M | 1.93% |
6,000,000
-1,000,000
| -14% | -$31.9M |
2016 Q4
1 quarter
|
|
19
S&P Global
SPGI
$127B
| $196M | 1.91% |
1,500,000
-100,000
| -6% | -$12.4M |
2016 Q2
3 quarters
|
|
|
20
Humana
HUM
$49.6B
| $191M | 1.86% |
925,000
-1,475,000
| -61% | -$305M |
2016 Q3
2 quarters
|
|
21
Elevance Health
ELV
$92.9B
| $190M | 1.86% |
1,150,000
+150,000
| +15% | +$23.9M |
2016 Q4
1 quarter
|
|
22
Honeywell
HON
$67B
| $172M | 1.68% |
1,522,120
| – | – |
2016 Q4
1 quarter
|
|
23
Dell
DELL
$287B
| $160M | 1.56% |
8,908,095
-356,324
| -4% | -$6.22M |
2016 Q3
2 quarters
|
|
|
24
Hewlett Packard
HPE
$73.2B
| $142M | 1.39% |
+10,323,343
| New | +$139M |
2017 Q1
0 quarters
|
|
|
RICE
25
DELISTED
Rice Energy Inc.
RICE
| $118M | 1.16% |
5,000,000
+2,350,000
| +89% | +$48.8M |
2016 Q4
1 quarter
|
|
Similar funds
TCIM
Daniel Loeb's Q1 2017 Portfolio in Review
As of Q1 2017, Daniel Loeb held 51 positions worth $10.2B, up 0.59% from $10.2B the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Daniel Loeb withdrew a net $1.03B in Q1 2017, closing 13 positions and reducing 15 holdings. Its most notable exit was Apple, an estimated $214M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 30% of assets, down from 32% a quarter earlier, followed by Communication Services and Materials.
Against the trend, Daniel Loeb opened a new position in T-Mobile US worth $323M.
- Daniel Loeb's largest Q1 2017 buy was T-Mobile US: 5,000,000 shares worth $323M.
- Daniel Loeb added most to Rice Energy Inc. in Q1 2017, an estimated $48.8M increase.
- Daniel Loeb's biggest Q1 2017 reduction was Humana, cutting an estimated $305M.
- Daniel Loeb fully exited Apple in Q1 2017, selling an estimated $214M.
- Daniel Loeb's ten largest holdings make up 61% of its $10.2B portfolio in Q1 2017.
- Daniel Loeb opened 13 new positions and closed 13 in Q1 2017.
- Daniel Loeb's portfolio value rose 0.59% quarter-over-quarter to $10.2B.
Based on Third Point's 13F filing for Q1 2017, filed 12 May 2017.