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 |
Colgate-Palmolive
CL
|
+$750M |
| 2 |
Bath & Body Works
BBWI
|
+$287M |
| 3 |
TWTR
Twitter, Inc.
TWTR
|
+$224M |
| 4 |
Range Resources
RRC
|
+$118M |
| 5 |
Danaher
DHR
|
+$110M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EQT Corp
EQT
|
+$185M |
| 2 |
Cenovus Energy
CVE
|
+$138M |
| 3 |
Antero Resources
AR
|
+$122M |
| 4 |
Ovintiv
OVV
|
+$101M |
| 5 |
Crown Holdings
CCK
|
+$73.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 23.26% |
| 2 | Consumer Staples | 14.66% |
| 3 | Utilities | 14.32% |
| 4 | Technology | 9.49% |
| 5 | Communication Services | 9.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Colgate-Palmolive
CL
$72.6B
| $811M | 14.66% |
11,550,000
+9,565,000
| +482% | +$750M |
|
2
PG&E
PCG
$38.8B
| $793M | 14.32% |
63,400,000
-2,000,000
| -3% | -$23.4M |
|
|
3
Danaher
DHR
$154B
| $697M | 12.6% |
3,045,600
+451,200
| +17% | +$110M |
|
4
SentinelOne
S
$7.26B
| $486M | 8.77% |
19,000,000
-2,078,846
| -10% | -$54.6M |
|
5
UnitedHealth
UNH
$350B
| $338M | 6.11% |
670,000
+100,000
| +18% | +$52.6M |
|
|
6
Bath & Body Works
BBWI
$3.92B
| $265M | 4.79% |
+8,135,000
| New | +$287M |
|
|
TWTR
7
DELISTED
Twitter, Inc.
TWTR
| $241M | 4.36% |
+5,500,000
| New | +$224M |
|
|
8
Ovintiv
OVV
$18.5B
| $184M | 3.32% |
4,000,000
-2,120,000
| -35% | -$101M |
|
|
VTYX
9
DELISTED
Ventyx Biosciences
VTYX
| $151M | 2.72% |
4,312,834
| – | – |
|
|
10
EQT Corp
EQT
$33.6B
| $132M | 2.39% |
3,250,000
-4,275,000
| -57% | -$185M |
|
11
Walt Disney
DIS
$186B
| $132M | 2.39% |
1,400,000
+400,000
| +40% | +$42.8M |
|
12
DuPont de Nemours
DD
$18.7B
| $120M | 2.16% |
1,892,083
-561,650
| -23% | -$40.1M |
|
13
TJX Companies
TJX
$155B
| $109M | 1.96% |
+1,750,000
| New | +$110M |
|
|
14
Range Resources
RRC
$9.59B
| $98.5M | 1.78% |
+3,900,000
| New | +$118M |
|
15
Ferguson
FERG
$46.9B
| $95.2M | 1.72% |
+925,000
| New | +$108M |
|
16
T-Mobile US
TMUS
$196B
| $93.9M | 1.7% |
700,000
+215,000
| +44% | +$30.2M |
|
|
CANO
17
DELISTED
Cano Health, Inc.
CANO
| $93.9M | 1.7% |
108,250
| – | – |
|
18
Hertz
HTZ
$802M
| $87.1M | 1.57% |
5,350,000
-910,000
| -15% | -$17.1M |
|
19
CSX Corp
CSX
$95.6B
| $73.3M | 1.32% |
2,750,000
-2,215,000
| -45% | -$68.8M |
|
20
Take-Two Interactive
TTWO
$44.8B
| $54.5M | 0.98% |
+500,000
| New | +$62.1M |
|
|
PCGU
21
DELISTED
PG&E Corporation
PCGU
| $53.8M | 0.97% |
471,000
| – | – |
|
22
Comstock Resources
CRK
$4.18B
| $51.9M | 0.94% |
+3,000,000
| New | +$49.6M |
|
23
Perimeter Solutions
PRM
$5.15B
| $46.1M | 0.83% |
5,750,000
-100,000
| -2% | -$1.03M |
|
|
JWSM
24
DELISTED
Jaws Mustang Acquisition Corp.
JWSM
| $39.8M | 0.72% |
4,000,000
| – | – |
|
|
GB
25
DELISTED
Global Blue Group Holding
GB
| $39.5M | 0.71% |
8,537,601
| – | – |
|
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Daniel Loeb's Q3 2022 Portfolio in Review
As of Q3 2022, Daniel Loeb held 69 positions worth $5.53B, up 31% from $4.22B the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Daniel Loeb deployed $1.01B of net new capital in Q3 2022, opening 9 new positions and adding to 5 existing holdings. Its largest new stake was Bath & Body Works: 8,135,000 shares worth $265M.
By sector, the portfolio is most concentrated in Healthcare at 23% of assets, down from 23% a quarter earlier, followed by Consumer Staples and Utilities.
On the sell side, the largest reduction was EQT Corp, an estimated $185M trimmed.
- Daniel Loeb's largest Q3 2022 buy was Bath & Body Works: 8,135,000 shares worth $265M.
- Daniel Loeb added most to Colgate-Palmolive in Q3 2022, an estimated $750M increase.
- Daniel Loeb's biggest Q3 2022 reduction was EQT Corp, cutting an estimated $185M.
- Daniel Loeb fully exited Cenovus Energy in Q3 2022, selling an estimated $138M.
- Daniel Loeb's ten largest holdings make up 74% of its $5.53B portfolio in Q3 2022.
- Daniel Loeb opened 9 new positions and closed 8 in Q3 2022.
- Daniel Loeb's portfolio value rose 31% quarter-over-quarter to $5.53B.
Based on Third Point's 13F filing for Q3 2022, filed 14 Nov 2022.