Daniel Loeb Third Point
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$450M |
| 2 |
Alibaba
BABA
|
+$416M |
| 3 |
Charter Communications
CHTR
|
+$228M |
| 4 |
Meta Platforms (Facebook)
META
|
+$177M |
| 5 |
JD.com
JD
|
+$165M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$764M |
| 2 |
Baxter International
BAX
|
+$660M |
| 3 |
Centene
CNC
|
+$387M |
| 4 |
Danaher
DHR
|
+$92.3M |
| 5 |
Roper Technologies
ROP
|
+$85.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 30.72% |
| 2 | Technology | 20.88% |
| 3 | Communication Services | 17.23% |
| 4 | Healthcare | 16.2% |
| 5 | Financials | 6.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Walt Disney
DIS
$186B
| $613M | 8.4% |
5,500,000
+4,075,000
| +286% | +$450M |
|
2
Amazon
AMZN
$2.79T
| $579M | 7.93% |
4,200,000
-100,000
| -2% | -$12.1M |
|
|
3
Danaher
DHR
$154B
| $530M | 7.26% |
3,384,000
-642,960
| -16% | -$92.3M |
|
|
4
Alibaba
BABA
$286B
| $431M | 5.91% |
+2,000,000
| New | +$416M |
|
5
Fidelity National Information Services
FIS
$21.3B
| $429M | 5.87% |
3,200,000
+855,000
| +36% | +$112M |
|
|
IAA
6
DELISTED
IAA, Inc. Common Stock
IAA
| $408M | 5.59% |
10,585,000
+4,085,000
| +63% | +$152M |
|
|
7
Charter Communications
CHTR
$17.9B
| $383M | 5.24% |
750,000
+450,000
| +150% | +$228M |
|
|
8
Baxter International
BAX
$13.6B
| $344M | 4.71% |
4,000,000
-7,580,000
| -65% | -$660M |
|
9
RTX Corp
RTX
$283B
| $324M | 4.44% |
5,265,000
-1,091,000
| -17% | -$68.1M |
|
10
Adobe
ADBE
$109B
| $289M | 3.96% |
665,000
| – | – |
|
11
Burlington
BURL
$20.6B
| $276M | 3.77% |
1,400,000
+275,000
| +24% | +$51.8M |
|
12
IQVIA
IQV
$42.8B
| $270M | 3.69% |
1,900,000
+65,000
| +4% | +$8.81M |
|
13
Salesforce
CRM
$171B
| $267M | 3.65% |
1,425,000
-100,000
| -7% | -$16.8M |
|
14
S&P Global
SPGI
$127B
| $255M | 3.5% |
775,000
| – | – |
|
15
Visa
V
$693B
| $241M | 3.31% |
1,250,000
-150,000
| -11% | -$27.4M |
|
|
16
JD.com
JD
$39.7B
| $196M | 2.68% |
+3,250,000
| New | +$165M |
|
|
17
Meta Platforms (Facebook)
META
$1.4T
| $193M | 2.64% |
+850,000
| New | +$177M |
|
18
Ferrari
RACE
$76.7B
| $186M | 2.54% |
1,085,000
| – | – |
|
|
GB
19
DELISTED
Global Blue Group Holding
GB
| $161M | 2.2% |
15,692,500
| – | – |
|
20
Nike
NKE
$60.5B
| $123M | 1.68% |
+1,250,000
| New | +$115M |
|
21
TE Connectivity
TEL
$58.9B
| $118M | 1.62% |
1,450,000
+100,000
| +7% | +$7.53M |
|
22
Evergy
EVRG
$18.7B
| $88.9M | 1.22% |
+1,500,000
| New | +$88.8M |
|
|
ATVI
23
DELISTED
Activision Blizzard
ATVI
| $85.4M | 1.17% |
+1,125,429
| New | +$78.5M |
|
|
XYZ
24
Block Inc
XYZ
$49.4B
| $84M | 1.15% |
+800,000
| New | +$61.2M |
|
|
ETRN
25
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $83.1M | 1.14% |
+10,000,000
| New | +$78.7M |
|
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Daniel Loeb's Q2 2020 Portfolio in Review
As of Q2 2020, Daniel Loeb held 44 positions worth $7.3B, up 17% from $6.27B the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Daniel Loeb's Q2 2020 filing shows 13 new, 7 increased, 9 reduced and 8 closed positions. Its largest new stake was Alibaba: 2,000,000 shares worth $431M. The largest sale was Allergan plc, an estimated $764M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 31% of assets, up from 15% a quarter earlier, followed by Technology and Communication Services.
- Daniel Loeb's largest Q2 2020 buy was Alibaba: 2,000,000 shares worth $431M.
- Daniel Loeb added most to Walt Disney in Q2 2020, an estimated $450M increase.
- Daniel Loeb's biggest Q2 2020 reduction was Baxter International, cutting an estimated $660M.
- Daniel Loeb fully exited Allergan plc in Q2 2020, selling an estimated $764M.
- Daniel Loeb's ten largest holdings make up 59% of its $7.3B portfolio in Q2 2020.
- Daniel Loeb opened 13 new positions and closed 8 in Q2 2020.
- Daniel Loeb's portfolio value rose 17% quarter-over-quarter to $7.3B.
Based on Third Point's 13F filing for Q2 2020, filed 17 Aug 2020.