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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
+4.22%
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
$14.3B
AUM Growth
-$45.6M
(-0.32%)
Cap. Flow
-$1.78B
Cap. Flow % of AUM
Cap. Flow %
-12.41%
Top 10 Holdings %
Top 10 Hldgs %
69.79%
Holding
45
New
7
Increased
10
Reduced
6
Closed
14
Avg Time Held
Equity + Options
1.1
years
Top 10 Avg Time Held
Equity + Options
1.3
years
Top 20 Avg Time Held
Equity + Options
1.2
years
Avg Time Held Equity only
1.1
years
Top 10 Avg Time Held Equity only
1.3
years
Top 20 Avg Time Held Equity only
1.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Express
AXP
|
+$520M |
| 2 |
Campbell Soup
CPB
|
+$507M |
| 3 |
Merck
MRK
|
+$300M |
| 4 |
SHPG
Shire pic
SHPG
|
+$277M |
| 5 |
Microsoft
MSFT
|
+$201M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NXP Semiconductors
NXPI
|
+$1.17B |
| 2 |
Meta Platforms (Facebook)
META
|
+$583M |
| 3 |
Vulcan Materials
VMC
|
+$355M |
| 4 |
Blackrock
BLK
|
+$324M |
| 5 |
Netflix
NFLX
|
+$272M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 27.71% |
| 2 | Technology | 18.97% |
| 3 | Industrials | 14.39% |
| 4 | Financials | 12.41% |
| 5 | Consumer Staples | 8.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Baxter International
BAX
$12.9B
| $2.78B | 19.4% |
36,000,000
| – | – |
2015 Q2
13 quarters
|
|
2
DELISTED
Global Blue Group Holding
GB
| $1.61B | 11.28% |
15,692,500
| – | – |
2018 Q2
1 quarter
|
|
3
RTX Corp
RTX
$259B
| $1.17B | 8.21% |
13,347,600
+1,271,200
| +11% | +$107M |
2018 Q1
2 quarters
|
|
4
PayPal
PYPL
$48.3B
| $795M | 5.56% |
9,050,000
-950,000
| -10% | -$83.7M |
2018 Q2
1 quarter
|
|
5
DuPont de Nemours
DD
$17.5B
| $781M | 5.46% |
4,797,805
-848,995
| -15% | -$146M |
2013 Q4
19 quarters
|
|
6
Alibaba
BABA
$270B
| $666M | 4.66% |
4,045,000
+45,000
| +1% | +$7.96M |
2017 Q2
5 quarters
|
|
|
7
Campbell Soup
CPB
$5.77B
| $659M | 4.61% |
18,000,000
+12,450,000
| +224% | +$507M |
2018 Q2
1 quarter
|
|
|
8
American Express
AXP
$214B
| $532M | 3.72% |
+5,000,000
| New | +$520M |
2018 Q3
0 quarters
|
|
9
Constellation Brands
STZ
$22.2B
| $517M | 3.62% |
2,400,000
+400,000
| +20% | +$85M |
2013 Q2
21 quarters
|
|
|
10
Microsoft
MSFT
$3.96T
| $469M | 3.28% |
4,100,000
+1,850,000
| +82% | +$201M |
2018 Q1
2 quarters
|
|
|
11
Netflix
NFLX
$291B
| $468M | 3.27% |
12,500,000
-7,500,000
| -38% | -$272M |
2017 Q4
3 quarters
|
|
12
Dover
DOV
$26.3B
| $354M | 2.48% |
4,000,000
| – | – |
2017 Q3
4 quarters
|
|
13
Danaher
DHR
$158B
| $353M | 2.47% |
3,666,000
| – | – |
2015 Q3
12 quarters
|
|
|
BID
14
DELISTED
Sotheby's
BID
| $328M | 2.29% |
6,661,604
| – | – |
2013 Q2
21 quarters
|
|
|
15
Merck
MRK
$354B
| $319M | 2.23% |
+4,716,000
| New | +$300M |
2018 Q3
0 quarters
|
|
|
WP
16
DELISTED
Worldpay, Inc.
WP
| $309M | 2.16% |
3,050,000
+150,000
| +5% | +$13.7M |
2017 Q3
4 quarters
|
|
|
SHPG
17
DELISTED
Shire pic
SHPG
| $290M | 2.03% |
+1,600,000
| New | +$277M |
2018 Q3
0 quarters
|
|
18
Marathon Petroleum
MPC
$133B
| $280M | 1.96% |
3,500,000
+400,000
| +13% | +$31.6M |
2018 Q1
2 quarters
|
|
19
Visa
V
$756B
| $255M | 1.78% |
1,700,000
| – | – |
2018 Q2
1 quarter
|
|
20
Adobe
ADBE
$96.2B
| $243M | 1.7% |
900,000
+200,000
| +29% | +$51.6M |
2018 Q1
2 quarters
|
|
21
Lennar Class A
LEN
$18B
| $241M | 1.69% |
5,340,610
-857,390
| -14% | -$43.2M |
2017 Q4
3 quarters
|
|
22
Deere & Co
DE
$169B
| $203M | 1.42% |
1,350,000
+250,000
| +23% | +$35.9M |
2018 Q2
1 quarter
|
|
23
IQVIA
IQV
$43.8B
| $195M | 1.36% |
+1,500,000
| New | +$180M |
2018 Q3
0 quarters
|
|
24
S&P Global
SPGI
$126B
| $192M | 1.35% |
984,900
-315,100
| -24% | -$65M |
2016 Q2
9 quarters
|
|
25
Salesforce
CRM
$200B
| $79.5M | 0.56% |
500,000
-125,000
| -20% | -$18.5M |
2018 Q1
2 quarters
|
|
Similar funds
TCIM
Daniel Loeb's Q3 2018 Portfolio in Review
As of Q3 2018, Daniel Loeb held 45 positions worth $14.3B, down 0.32% from $14.4B the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Daniel Loeb withdrew a net $1.78B in Q3 2018, closing 14 positions and reducing 6 holdings. Its most notable exit was NXP Semiconductors, an estimated $1.17B position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 28% of assets, up from 21% a quarter earlier, followed by Technology and Industrials.
Against the trend, Daniel Loeb opened a new position in American Express worth $532M.
- Daniel Loeb's largest Q3 2018 buy was American Express: 5,000,000 shares worth $532M.
- Daniel Loeb added most to Campbell Soup in Q3 2018, an estimated $507M increase.
- Daniel Loeb's biggest Q3 2018 reduction was Netflix, cutting an estimated $272M.
- Daniel Loeb fully exited NXP Semiconductors in Q3 2018, selling an estimated $1.17B.
- Daniel Loeb's ten largest holdings make up 70% of its $14.3B portfolio in Q3 2018.
- Daniel Loeb opened 7 new positions and closed 14 in Q3 2018.
- Daniel Loeb's portfolio value fell 0.32% quarter-over-quarter to $14.3B.
Based on Third Point's 13F filing for Q3 2018, filed 9 Nov 2018.