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 |
Alight
ALIT
|
+$179M |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$167M |
| 3 |
Amazon
AMZN
|
+$138M |
| 4 |
LFG
Archaea Energy Inc.
LFG
|
+$83.9M |
| 5 |
SentinelOne
S
|
+$74.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SoFi Technologies
SOFI
|
+$554M |
| 2 |
Uber
UBER
|
+$419M |
| 3 |
Intel
INTC
|
+$271M |
| 4 |
JD.com
JD
|
+$231M |
| 5 |
Upstart Holdings
UPST
|
+$194M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 28.05% |
| 2 | Technology | 23.42% |
| 3 | Healthcare | 12.9% |
| 4 | Communication Services | 10.74% |
| 5 | Consumer Discretionary | 9.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Upstart Holdings
UPST
$2.95B
| $3.92B | 21.42% |
12,400,000
-981,222
| -7% | -$194M |
|
|
2
SentinelOne
S
$7.26B
| $1.4B | 7.62% |
26,712,482
+1,350,000
| +5% | +$74.1M |
|
3
Danaher
DHR
$154B
| $872M | 4.76% |
3,231,720
| – | – |
|
4
PG&E
PCG
$38.8B
| $787M | 4.29% |
81,935,257
| – | – |
|
5
Walt Disney
DIS
$186B
| $702M | 3.83% |
4,150,000
| – | – |
|
|
6
Amazon
AMZN
$2.79T
| $608M | 3.32% |
3,700,000
+800,000
| +28% | +$138M |
|
7
Intuit
INTU
$100B
| $593M | 3.24% |
1,100,000
| – | – |
|
8
Alphabet (Google) Class A
GOOGL
$4.22T
| $567M | 3.09% |
4,240,000
+240,000
| +6% | +$32.7M |
|
9
CoStar Group
CSGP
$13.1B
| $489M | 2.67% |
5,687,819
+16,819
| +0.3% | +$1.45M |
|
|
10
Intel
INTC
$476B
| $480M | 2.62% |
9,000,000
-5,000,000
| -36% | -$271M |
|
11
Microsoft
MSFT
$3.59T
| $451M | 2.46% |
1,600,000
| – | – |
|
12
Burlington
BURL
$20.6B
| $448M | 2.45% |
1,580,000
+100,000
| +7% | +$32M |
|
13
Avantor
AVTR
$9.78B
| $442M | 2.41% |
10,800,000
+300,000
| +3% | +$11.7M |
|
14
S&P Global
SPGI
$127B
| $425M | 2.32% |
1,000,000
| – | – |
|
|
EDR
15
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $358M | 1.96% |
12,500,000
| – | – |
|
16
Dell
DELL
$286B
| $350M | 1.91% |
6,629,280
+423,562
| +7% | +$21.1M |
|
17
Meta Platforms (Facebook)
META
$1.4T
| $339M | 1.85% |
1,000,000
| – | – |
|
18
Visa
V
$693B
| $312M | 1.7% |
1,400,000
-100,000
| -7% | -$23.4M |
|
19
Paysafe
PSFE
$359M
| $306M | 1.67% |
3,289,505
-168,828
| -5% | -$19.3M |
|
20
Estee Lauder
EL
$36.9B
| $300M | 1.64% |
1,000,000
-95,000
| -9% | -$31M |
|
21
IQVIA
IQV
$42.8B
| $299M | 1.63% |
1,250,000
| – | – |
|
22
TransDigm Group
TDG
$66.4B
| $281M | 1.53% |
450,000
| – | – |
|
23
UnitedHealth
UNH
$350B
| $266M | 1.45% |
680,000
+80,000
| +13% | +$33.1M |
|
24
DuPont de Nemours
DD
$18.7B
| $202M | 1.1% |
2,370,083
| – | – |
|
25
RH
RH
$2.9B
| $200M | 1.09% |
300,000
+12,459
| +4% | +$8.58M |
|
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Daniel Loeb's Q3 2021 Portfolio in Review
As of Q3 2021, Daniel Loeb held 142 positions worth $18.3B, up 7.2% from $17.1B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Daniel Loeb withdrew a net $1.09B in Q3 2021, closing 29 positions and reducing 12 holdings. Its most notable exit was SoFi Technologies, an estimated $554M position sold in full.
By sector, the portfolio is most concentrated in Financials at 28% of assets, up from 21% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Daniel Loeb opened a new position in Alight worth $195M.
- Daniel Loeb's largest Q3 2021 buy was Alight: 850,000 shares worth $195M.
- Daniel Loeb added most to Amazon in Q3 2021, an estimated $138M increase.
- Daniel Loeb's biggest Q3 2021 reduction was Intel, cutting an estimated $271M.
- Daniel Loeb fully exited SoFi Technologies in Q3 2021, selling an estimated $554M.
- Daniel Loeb's ten largest holdings make up 57% of its $18.3B portfolio in Q3 2021.
- Daniel Loeb opened 16 new positions and closed 29 in Q3 2021.
- Daniel Loeb's portfolio value rose 7.2% quarter-over-quarter to $18.3B.
Based on Third Point's 13F filing for Q3 2021, filed 15 Nov 2021.