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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
+2.9%
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
$13.3B
AUM Growth
-$536M
(-3.9%)
Cap. Flow
-$993M
Cap. Flow % of AUM
Cap. Flow %
-7.46%
Top 10 Holdings %
Top 10 Hldgs %
62.85%
Holding
56
New
12
Increased
8
Reduced
14
Closed
16
Avg Time Held
Equity + Options
1.1
years
Top 10 Avg Time Held
Equity + Options
1.5
years
Top 20 Avg Time Held
Equity + Options
1.4
years
Avg Time Held Equity only
1.1
years
Top 10 Avg Time Held Equity only
1.4
years
Top 20 Avg Time Held Equity only
1.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTX Corp
RTX
|
+$932M |
| 2 |
Wynn Resorts
WYNN
|
+$265M |
| 3 |
Dover
DOV
|
+$230M |
| 4 |
Electronic Arts
EA
|
+$152M |
| 5 |
PagSeguro Digital
PAGS
|
+$146M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$377M |
| 2 |
AET
Aetna Inc
AET
|
+$334M |
| 3 |
Blackrock
BLK
|
+$255M |
| 4 |
NXP Semiconductors
NXPI
|
+$252M |
| 5 |
FMC
FMC
|
+$208M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 21.56% |
| 2 | Communication Services | 14.85% |
| 3 | Consumer Discretionary | 12.78% |
| 4 | Industrials | 12.66% |
| 5 | Materials | 11.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Baxter International
BAX
$12.7B
| $2.34B | 17.58% |
36,000,000
| – | – |
2015 Q2
11 quarters
|
|
2
DuPont de Nemours
DD
$18B
| $897M | 6.73% |
5,557,952
-355,393
| -6% | -$64.3M |
2013 Q4
17 quarters
|
|
|
3
RTX Corp
RTX
$261B
| $893M | 6.71% |
+11,281,900
| New | +$932M |
2018 Q1
0 quarters
|
|
|
4
Alibaba
BABA
$270B
| $734M | 5.51% |
4,000,000
-2,000,000
| -33% | -$377M |
2017 Q2
3 quarters
|
|
5
Meta Platforms (Facebook)
META
$1.77T
| $639M | 4.8% |
4,000,000
+600,000
| +18% | +$108M |
2016 Q2
7 quarters
|
|
6
Alphabet (Google) Class A
GOOGL
$4.16T
| $596M | 4.48% |
11,500,000
-2,300,000
| -17% | -$128M |
2016 Q1
8 quarters
|
|
7
Netflix
NFLX
$286B
| $591M | 4.44% |
20,000,000
| – | – |
2017 Q4
1 quarter
|
|
|
8
Blackrock
BLK
$175B
| $588M | 4.41% |
1,085,000
-465,000
| -30% | -$255M |
2017 Q2
3 quarters
|
|
|
TWX
9
CALL
DELISTED
Time Warner Inc
TWX
| $567M | 4.26% |
6,000,000
+2,000,000
| +50% | +$188M |
2017 Q4
1 quarter
|
|
10
Constellation Brands
STZ
$22.5B
| $524M | 3.94% |
2,300,000
-200,000
| -8% | -$44M |
2013 Q2
19 quarters
|
|
|
11
Dover
DOV
$26.6B
| $385M | 2.89% |
4,852,960
+2,810,260
| +138% | +$230M |
2017 Q3
2 quarters
|
|
12
Lennar Class A
LEN
$18.7B
| $370M | 2.78% |
6,482,075
+1,007,175
| +18% | +$60.7M |
2017 Q4
1 quarter
|
|
13
Intercontinental Exchange
ICE
$89B
| $363M | 2.72% |
5,000,000
-500,000
| -9% | -$36.5M |
2017 Q4
1 quarter
|
|
|
BID
14
DELISTED
Sotheby's
BID
| $342M | 2.57% |
6,661,604
| – | – |
2013 Q2
19 quarters
|
|
|
WP
15
DELISTED
Worldpay, Inc.
WP
| $337M | 2.53% |
4,100,000
+100,000
| +3% | +$7.93M |
2017 Q3
2 quarters
|
|
16
Vulcan Materials
VMC
$33.9B
| $336M | 2.52% |
2,940,000
+340,000
| +13% | +$42.8M |
2017 Q2
3 quarters
|
|
17
Danaher
DHR
$158B
| $318M | 2.39% |
3,666,000
-67,680
| -2% | -$5.92M |
2015 Q3
10 quarters
|
|
18
S&P Global
SPGI
$129B
| $287M | 2.15% |
1,500,000
-300,000
| -17% | -$55.4M |
2016 Q2
7 quarters
|
|
|
19
Wynn Resorts
WYNN
$7.98B
| $280M | 2.1% |
+1,535,000
| New | +$265M |
2018 Q1
0 quarters
|
|
20
Sherwin-Williams
SHW
$81.6B
| $229M | 1.72% |
1,755,000
-45,000
| -3% | -$6.13M |
2016 Q2
7 quarters
|
|
21
Mohawk Industries
MHK
$8.06B
| $194M | 1.46% |
835,000
-165,000
| -17% | -$42.5M |
2014 Q4
13 quarters
|
|
|
22
PagSeguro Digital
PAGS
$3.23B
| $174M | 1.31% |
+4,550,000
| New | +$146M |
2018 Q1
0 quarters
|
|
23
Elevance Health
ELV
$95.5B
| $172M | 1.29% |
785,000
+410,000
| +109% | +$96.3M |
2016 Q4
5 quarters
|
|
|
24
DELISTED
Electronic Arts
EA
| $152M | 1.14% |
+1,250,000
| New | +$152M |
2018 Q1
0 quarters
|
|
25
Marathon Petroleum
MPC
$133B
| $146M | 1.1% |
+2,000,000
| New | +$138M |
2018 Q1
0 quarters
|
|
Similar funds
TCIM
Daniel Loeb's Q1 2018 Portfolio in Review
As of Q1 2018, Daniel Loeb held 56 positions worth $13.3B, down 3.9% from $13.9B the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Daniel Loeb withdrew a net $993M in Q1 2018, closing 16 positions and reducing 14 holdings. Its most notable exit was Aetna Inc, an estimated $334M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 22% of assets, up from 21% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Daniel Loeb opened a new position in RTX Corp worth $893M.
- Daniel Loeb's largest Q1 2018 buy was RTX Corp: 11,281,900 shares worth $893M.
- Daniel Loeb added most to Dover in Q1 2018, an estimated $230M increase.
- Daniel Loeb's biggest Q1 2018 reduction was Alibaba, cutting an estimated $377M.
- Daniel Loeb fully exited Aetna Inc in Q1 2018, selling an estimated $334M.
- Daniel Loeb's ten largest holdings make up 63% of its $13.3B portfolio in Q1 2018.
- Daniel Loeb opened 12 new positions and closed 16 in Q1 2018.
- Daniel Loeb's portfolio value fell 3.9% quarter-over-quarter to $13.3B.
Based on Third Point's 13F filing for Q1 2018, filed 15 May 2018.