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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
+5.98%
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
$14.4B
AUM Growth
+$1.03B
(+7.8%)
Cap. Flow
+$923M
Cap. Flow % of AUM
Cap. Flow %
6.43%
Top 10 Holdings %
Top 10 Hldgs %
65.96%
Holding
54
New
14
Increased
8
Reduced
10
Closed
16
Avg Time Held
Equity + Options
0.9
years
Top 10 Avg Time Held
Equity + Options
1.4
years
Top 20 Avg Time Held
Equity + Options
1.3
years
Avg Time Held Equity only
1
year
Top 10 Avg Time Held Equity only
1.4
years
Top 20 Avg Time Held Equity only
1.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NXP Semiconductors
NXPI
|
+$1.19B |
| 2 |
PayPal
PYPL
|
+$797M |
| 3 |
Visa
V
|
+$219M |
| 4 |
Campbell Soup
CPB
|
+$216M |
| 5 |
Microsoft
MSFT
|
+$165M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$596M |
| 2 |
Intercontinental Exchange
ICE
|
+$363M |
| 3 |
Blackrock
BLK
|
+$230M |
| 4 |
Mohawk Industries
MHK
|
+$194M |
| 5 |
Meta Platforms (Facebook)
META
|
+$181M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 21.08% |
| 2 | Technology | 15.41% |
| 3 | Industrials | 12.26% |
| 4 | Financials | 11.48% |
| 5 | Communication Services | 11.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Baxter International
BAX
$13.1B
| $2.66B | 18.52% |
36,000,000
| – | – |
2015 Q2
12 quarters
|
|
|
2
NXP Semiconductors
NXPI
$57.8B
| $1.17B | 8.18% |
+10,750,000
| New | +$1.19B |
2018 Q2
0 quarters
|
|
3
RTX Corp
RTX
$261B
| $950M | 6.62% |
12,076,400
+794,500
| +7% | +$62.2M |
2018 Q1
1 quarter
|
|
4
DuPont de Nemours
DD
$17.6B
| $943M | 6.57% |
5,646,800
+88,848
| +2% | +$14.9M |
2013 Q4
18 quarters
|
|
|
5
PayPal
PYPL
$48.5B
| $833M | 5.8% |
+10,000,000
| New | +$797M |
2018 Q2
0 quarters
|
|
6
Netflix
NFLX
$294B
| $783M | 5.45% |
20,000,000
| – | – |
2017 Q4
2 quarters
|
|
7
Alibaba
BABA
$271B
| $742M | 5.17% |
4,000,000
| – | – |
2017 Q2
4 quarters
|
|
|
8
Meta Platforms (Facebook)
META
$1.81T
| $583M | 4.06% |
3,000,000
-1,000,000
| -25% | -$181M |
2016 Q2
8 quarters
|
|
9
Constellation Brands
STZ
$22.2B
| $438M | 3.05% |
2,000,000
-300,000
| -13% | -$67.8M |
2013 Q2
20 quarters
|
|
|
BID
10
DELISTED
Sotheby's
BID
| $362M | 2.52% |
6,661,604
| – | – |
2013 Q2
20 quarters
|
|
11
Vulcan Materials
VMC
$33.4B
| $355M | 2.47% |
2,750,000
-190,000
| -6% | -$23.4M |
2017 Q2
4 quarters
|
|
|
12
Blackrock
BLK
$176B
| $324M | 2.26% |
650,000
-435,000
| -40% | -$230M |
2017 Q2
4 quarters
|
|
13
Danaher
DHR
$161B
| $321M | 2.23% |
3,666,000
| – | – |
2015 Q3
11 quarters
|
|
14
Lennar Class A
LEN
$18.3B
| $315M | 2.19% |
6,198,000
-284,075
| -4% | -$14.9M |
2017 Q4
2 quarters
|
|
15
Dover
DOV
$26.4B
| $293M | 2.04% |
4,000,000
-852,960
| -18% | -$65.3M |
2017 Q3
3 quarters
|
|
16
S&P Global
SPGI
$127B
| $265M | 1.85% |
1,300,000
-200,000
| -13% | -$39.5M |
2016 Q2
8 quarters
|
|
17
Wynn Resorts
WYNN
$7.78B
| $255M | 1.78% |
1,525,000
-10,000
| -0.7% | -$1.85M |
2018 Q1
1 quarter
|
|
|
WP
18
DELISTED
Worldpay, Inc.
WP
| $237M | 1.65% |
2,900,000
-1,200,000
| -29% | -$98.1M |
2017 Q3
3 quarters
|
|
19
DELISTED
Electronic Arts
EA
| $233M | 1.62% |
1,650,000
+400,000
| +32% | +$51.9M |
2018 Q1
1 quarter
|
|
|
20
Visa
V
$756B
| $225M | 1.57% |
+1,700,000
| New | +$219M |
2018 Q2
0 quarters
|
|
|
21
Campbell Soup
CPB
$5.93B
| $225M | 1.57% |
+5,550,000
| New | +$216M |
2018 Q2
0 quarters
|
|
22
Sherwin-Williams
SHW
$81.4B
| $224M | 1.56% |
1,650,000
-105,000
| -6% | -$13.6M |
2016 Q2
8 quarters
|
|
|
23
Microsoft
MSFT
$3.93T
| $222M | 1.55% |
2,250,000
+1,700,000
| +309% | +$165M |
2018 Q1
1 quarter
|
|
24
Marathon Petroleum
MPC
$134B
| $217M | 1.52% |
3,100,000
+1,100,000
| +55% | +$84M |
2018 Q1
1 quarter
|
|
25
Adobe
ADBE
$95.4B
| $171M | 1.19% |
700,000
+300,000
| +75% | +$71M |
2018 Q1
1 quarter
|
|
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Daniel Loeb's Q2 2018 Portfolio in Review
As of Q2 2018, Daniel Loeb held 54 positions worth $14.4B, up 7.8% from $13.3B the previous quarter. Its ten largest holdings account for 66% of the portfolio.
Daniel Loeb deployed $923M of net new capital in Q2 2018, opening 14 new positions and adding to 8 existing holdings. Its largest new stake was NXP Semiconductors: 10,750,000 shares worth $1.17B.
By sector, the portfolio is most concentrated in Healthcare at 21% of assets, down from 22% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was Blackrock, an estimated $230M trimmed.
- Daniel Loeb's largest Q2 2018 buy was NXP Semiconductors: 10,750,000 shares worth $1.17B.
- Daniel Loeb added most to Microsoft in Q2 2018, an estimated $165M increase.
- Daniel Loeb's biggest Q2 2018 reduction was Blackrock, cutting an estimated $230M.
- Daniel Loeb fully exited Alphabet (Google) Class A in Q2 2018, selling an estimated $596M.
- Daniel Loeb's ten largest holdings make up 66% of its $14.4B portfolio in Q2 2018.
- Daniel Loeb opened 14 new positions and closed 16 in Q2 2018.
- Daniel Loeb's portfolio value rose 7.8% quarter-over-quarter to $14.4B.
Based on Third Point's 13F filing for Q2 2018, filed 10 Aug 2018.