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 |
CSX Corp
CSX
|
+$261M |
| 2 |
Alcoa
AA
|
+$172M |
| 3 |
Suncor Energy
SU
|
+$104M |
| 4 |
EQT Corp
EQT
|
+$97M |
| 5 |
Ovintiv
OVV
|
+$97M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$672M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$614M |
| 3 |
Upstart Holdings
UPST
|
+$605M |
| 4 |
Accenture
ACN
|
+$518M |
| 5 |
CoStar Group
CSGP
|
+$450M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.82% |
| 2 | Healthcare | 24.4% |
| 3 | Utilities | 11.96% |
| 4 | Financials | 8.32% |
| 5 | Industrials | 8.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
SentinelOne
S
$7.26B
| $1.02B | 13.27% |
26,307,482
-405,000
| -2% | -$16.6M |
|
2
PG&E
PCG
$38.8B
| $827M | 10.77% |
69,300,000
-7,700,000
| -10% | -$91M |
|
3
Danaher
DHR
$154B
| $730M | 9.51% |
2,808,720
-462,480
| -14% | -$116M |
|
4
S&P Global
SPGI
$127B
| $394M | 5.13% |
960,000
-40,000
| -4% | -$16.3M |
|
5
Intuit
INTU
$100B
| $349M | 4.54% |
725,000
-425,000
| -37% | -$218M |
|
6
UnitedHealth
UNH
$350B
| $309M | 4.02% |
605,000
-185,000
| -23% | -$89.2M |
|
|
7
EQT Corp
EQT
$33.6B
| $308M | 4.01% |
8,950,000
+3,975,000
| +80% | +$97M |
|
8
Avantor
AVTR
$9.78B
| $283M | 3.68% |
8,360,000
-2,440,000
| -23% | -$87M |
|
|
9
CSX Corp
CSX
$95.6B
| $277M | 3.6% |
+7,386,378
| New | +$261M |
|
10
IQVIA
IQV
$42.8B
| $254M | 3.31% |
1,100,000
-225,000
| -17% | -$53.3M |
|
11
DuPont de Nemours
DD
$18.7B
| $247M | 3.22% |
2,676,800
+39,350
| +1% | +$3.84M |
|
|
ZEN
12
DELISTED
ZENDESK INC
ZEN
| $229M | 2.97% |
1,900,000
+595,600
| +46% | +$64.7M |
|
|
13
Alcoa
AA
$13.7B
| $214M | 2.78% |
+2,375,000
| New | +$172M |
|
14
Microsoft
MSFT
$3.59T
| $154M | 2.01% |
500,000
-1,100,000
| -69% | -$331M |
|
15
Rivian
RIVN
$24.6B
| $153M | 1.99% |
3,046,574
-999,998
| -25% | -$60.8M |
|
|
CTLT
16
DELISTED
CATALENT, INC.
CTLT
| $150M | 1.95% |
1,350,000
-575,000
| -30% | -$60M |
|
17
Hertz
HTZ
$802M
| $147M | 1.91% |
6,620,000
+624,535
| +10% | +$13.1M |
|
|
18
Ovintiv
OVV
$18.5B
| $122M | 1.58% |
+2,250,000
| New | +$97M |
|
|
19
Suncor Energy
SU
$80B
| $114M | 1.49% |
+3,500,000
| New | +$104M |
|
20
TransDigm Group
TDG
$66.4B
| $104M | 1.36% |
160,000
-166,878
| -51% | -$107M |
|
21
Dell
DELL
$286B
| $102M | 1.33% |
2,030,000
-1,570,000
| -44% | -$87.6M |
|
22
Crown Holdings
CCK
$13B
| $100M | 1.3% |
800,000
-200,000
| -20% | -$23.6M |
|
|
LFG
23
DELISTED
Archaea Energy Inc.
LFG
| $91.6M | 1.19% |
4,175,000
-279,110
| -6% | -$5.07M |
|
|
PCGU
24
DELISTED
PG&E Corporation
PCGU
| $88.3M | 1.15% |
785,000
-15,000
| -2% | -$1.69M |
|
25
The Mosaic Company
MOS
$7.76B
| $85.1M | 1.11% |
+1,280,000
| New | +$64M |
|
Similar funds
Daniel Loeb's Q1 2022 Portfolio in Review
As of Q1 2022, Daniel Loeb held 101 positions worth $7.68B, down 46% from $14.3B the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Daniel Loeb withdrew a net $5.56B in Q1 2022, closing 26 positions and reducing 22 holdings. Its most notable exit was Alphabet (Google) Class A, an estimated $614M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 27% a quarter earlier, followed by Healthcare and Utilities.
Against the trend, Daniel Loeb opened a new position in CSX Corp worth $277M.
- Daniel Loeb's largest Q1 2022 buy was CSX Corp: 7,386,378 shares worth $277M.
- Daniel Loeb added most to EQT Corp in Q1 2022, an estimated $97M increase.
- Daniel Loeb's biggest Q1 2022 reduction was Amazon, cutting an estimated $672M.
- Daniel Loeb fully exited Alphabet (Google) Class A in Q1 2022, selling an estimated $614M.
- Daniel Loeb's ten largest holdings make up 62% of its $7.68B portfolio in Q1 2022.
- Daniel Loeb opened 10 new positions and closed 26 in Q1 2022.
- Daniel Loeb's portfolio value fell 46% quarter-over-quarter to $7.68B.
Based on Third Point's 13F filing for Q1 2022, filed 16 May 2022.