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Daniel Loeb Third Point

AUM $4.68B
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
+6.93%
1 Year Est. Return
+37.3%
3 Year Est. Return
+159.48%
5 Year Est. Return
+329.12%
10 Year Est. Return
+1,791.94%
AUM
$11.9B
AUM Growth
+$614M
Cap. Flow
-$37.5M
Cap. Flow %
-0.31%
Top 10 Hldgs %
65.19%
Holding
42
New
10
Increased
6
Reduced
10
Closed
5

Top Buys

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$340M
2
SHPG
Shire pic
SHPG
+$188M
3
WP
Worldpay, Inc.
WP
+$187M
4
MPC icon
Marathon Petroleum
MPC
+$147M
5
DOV icon
Dover
DOV
+$142M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$247M
2
GD icon
General Dynamics
GD
+$238M
3
HUM icon
Humana
HUM
+$180M
4
CHTR icon
Charter Communications
CHTR
+$168M
5
HPE icon
Hewlett Packard
HPE
+$116M

Sector Composition

Rank Sector Weight
1 Healthcare 28.99%
2 Materials 14.57%
3 Consumer Discretionary 12.13%
4 Financials 11.98%
5 Communication Services 11.83%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BAX icon
1
Baxter International
BAX
$13.6B
$2.57B 21.63%
41,000,000
– –
BABA icon
2
Alibaba
BABA
$286B
$1.14B 9.58%
6,600,000
+2,100,000
+47% +$340M
DD icon
3
DuPont de Nemours
DD
$18.7B
$1.04B 8.75%
5,938,422
-379,676
-6% -$63.4M
BLK icon
4
Blackrock
BLK
$179B
$693M 5.83%
1,550,000
– –
META icon
5
Meta Platforms (Facebook)
META
$1.4T
$581M 4.88%
3,400,000
-100,000
-3% -$16.7M
STZ icon
6
Constellation Brands
STZ
$23.2B
$499M 4.19%
2,500,000
– –
BAC icon
7
Bank of America
BAC
$431B
$310M 2.61%
12,250,000
-2,750,000
-18% -$66.7M
BID
8
DELISTED
Sotheby's
BID
$307M 2.58%
6,661,604
– –
GOOGL icon
9
Alphabet (Google) Class A
GOOGL
$4.22T
$307M 2.58%
6,300,000
-5,200,000
-45% -$247M
NXPI icon
10
NXP Semiconductors
NXPI
$56.9B
$305M 2.57%
2,700,000
– –
DHR icon
11
Danaher
DHR
$154B
$283M 2.38%
3,722,400
– –
TWX
12
DELISTED
Time Warner Inc
TWX
$282M 2.37%
2,750,000
-1,000,000
-27% -$101M
VMC icon
13
Vulcan Materials
VMC
$35.8B
$281M 2.36%
2,350,000
+750,000
+47% +$90M
TMUS icon
14
T-Mobile US
TMUS
$196B
$237M 2%
3,850,000
-1,400,000
-27% -$87.8M
ELV icon
15
Elevance Health
ELV
$86.9B
$237M 2%
1,250,000
– –
MHK icon
16
Mohawk Industries
MHK
$9.23B
$223M 1.87%
900,000
+25,000
+3% +$6.22M
SHW icon
17
Sherwin-Williams
SHW
$84.1B
$215M 1.81%
1,800,000
-450,000
-20% -$51.6M
FMC icon
18
FMC
FMC
$1.38B
$196M 1.65%
2,536,600
+230,600
+10% +$16.6M
SPGI icon
19
S&P Global
SPGI
$127B
$195M 1.64%
1,250,000
-250,000
-17% -$38M
WP
20
DELISTED
Worldpay, Inc.
WP
$194M 1.63%
+2,750,000
New +$187M
DELL icon
21
Dell
DELL
$286B
$193M 1.62%
8,908,095
– –
SHPG
22
DELISTED
Shire pic
SHPG
$184M 1.54%
+1,200,000
New +$188M
HON icon
23
Honeywell
HON
$68.4B
$181M 1.52%
1,411,421
– –
RSPP
24
DELISTED
RSP Permian, Inc.
RSPP
$159M 1.34%
4,600,000
+750,000
+19% +$24.1M
MPC icon
25
Marathon Petroleum
MPC
$101B
$154M 1.3%
+2,750,000
New +$147M
1
2

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JRP
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Daniel Loeb's Q3 2017 Portfolio in Review

As of Q3 2017, Daniel Loeb held 42 positions worth $11.9B, up 5.4% from $11.3B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Daniel Loeb's Q3 2017 filing shows 10 new, 6 increased, 10 reduced and 5 closed positions. Its largest new stake was Shire pic: 1,200,000 shares worth $184M. The largest sale was Alphabet (Google) Class A, an estimated $247M.

By sector, the portfolio is most concentrated in Healthcare at 29% of assets, down from 30% a quarter earlier, followed by Materials and Consumer Discretionary.

  • Daniel Loeb's largest Q3 2017 buy was Shire pic: 1,200,000 shares worth $184M.
  • Daniel Loeb added most to Alibaba in Q3 2017, an estimated $340M increase.
  • Daniel Loeb's biggest Q3 2017 reduction was Alphabet (Google) Class A, cutting an estimated $247M.
  • Daniel Loeb fully exited General Dynamics in Q3 2017, selling an estimated $238M.
  • Daniel Loeb's ten largest holdings make up 65% of its $11.9B portfolio in Q3 2017.
  • Daniel Loeb opened 10 new positions and closed 5 in Q3 2017.
  • Daniel Loeb's portfolio value rose 5.4% quarter-over-quarter to $11.9B.

Based on Third Point's 13F filing for Q3 2017, filed 9 Nov 2017.