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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
+4.42%
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
$8.74B
AUM Growth
+$890M
(+11%)
Cap. Flow
+$656M
Cap. Flow % of AUM
Cap. Flow %
7.5%
Top 10 Holdings %
Top 10 Hldgs %
64.92%
Holding
51
New
11
Increased
5
Reduced
8
Closed
7
Avg Time Held
Equity + Options
1.3
years
Top 10 Avg Time Held
Equity + Options
1.5
years
Top 20 Avg Time Held
Equity + Options
1.3
years
Avg Time Held Equity only
1.3
years
Top 10 Avg Time Held Equity only
1.5
years
Top 20 Avg Time Held Equity only
1.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$364M |
| 2 |
Amphenol
APH
|
+$177M |
| 3 |
KB Home
KBH
|
+$143M |
| 4 |
Roper Technologies
ROP
|
+$129M |
| 5 |
Live Nation Entertainment
LYV
|
+$129M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$172M |
| 2 |
S&P Global
SPGI
|
+$143M |
| 3 |
Marvell Technology
MRVL
|
+$108M |
| 4 |
Goldman Sachs
GS
|
+$104M |
| 5 |
WESCO International
WCC
|
+$90M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.49% |
| 2 | Consumer Discretionary | 19.43% |
| 3 | Communication Services | 16.76% |
| 4 | Utilities | 15.14% |
| 5 | Financials | 6.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Amazon
AMZN
$2.83T
| $986M | 11.28% |
5,100,000
| – | – |
2023 Q2
4 quarters
|
|
2
PG&E
PCG
$39.4B
| $938M | 10.74% |
53,750,000
-4,110,000
| -7% | -$72.3M |
2020 Q3
15 quarters
|
|
3
Microsoft
MSFT
$3.96T
| $706M | 8.08% |
1,580,000
-185,000
| -10% | -$78.1M |
2022 Q4
6 quarters
|
|
4
Meta Platforms (Facebook)
META
$1.8T
| $555M | 6.35% |
1,100,000
-136,000
| -11% | -$66.1M |
2023 Q3
3 quarters
|
|
5
Danaher
DHR
$158B
| $512M | 5.86% |
2,050,000
| – | – |
2015 Q3
35 quarters
|
|
6
Bath & Body Works
BBWI
$4B
| $468M | 5.35% |
11,975,000
-875,000
| -7% | -$40.2M |
2022 Q3
7 quarters
|
|
|
7
Apple
AAPL
$5T
| $411M | 4.7% |
+1,950,000
| New | +$364M |
2024 Q2
0 quarters
|
|
8
Vistra
VST
$50.2B
| $384M | 4.4% |
4,470,000
| – | – |
2023 Q1
5 quarters
|
|
|
9
Alphabet (Google) Class A
GOOGL
$4.21T
| $361M | 4.13% |
1,980,000
-1,020,000
| -34% | -$172M |
2024 Q1
1 quarter
|
|
10
TSMC
TSM
$2.18T
| $352M | 4.03% |
2,025,000
+850,000
| +72% | +$129M |
2023 Q2
4 quarters
|
|
11
American International
AIG
$42.2B
| $256M | 2.93% |
3,450,000
| – | – |
2022 Q4
6 quarters
|
|
12
Jacobs Solutions
J
$16.2B
| $244M | 2.79% |
2,107,524
-8,174
| -0.4% | -$959K |
2023 Q1
5 quarters
|
|
13
Corpay
CPAY
$26.4B
| $204M | 2.33% |
765,000
+115,000
| +18% | +$32.5M |
2023 Q4
2 quarters
|
|
14
Verizon
VZ
$183B
| $193M | 2.21% |
4,675,000
| – | – |
2023 Q4
2 quarters
|
|
|
15
Amphenol
APH
$198B
| $189M | 2.16% |
+5,600,000
| New | +$177M |
2024 Q2
0 quarters
|
|
16
Ferguson
FERG
$43.8B
| $187M | 2.14% |
965,000
-125,000
| -11% | -$26.2M |
2022 Q3
7 quarters
|
|
17
Uber
UBER
$143B
| $153M | 1.75% |
2,100,000
+1,600,000
| +320% | +$111M |
2023 Q2
4 quarters
|
|
18
Cinemark Holdings
CNK
$4.52B
| $151M | 1.73% |
7,000,000
+2,000,000
| +40% | +$36.3M |
2024 Q1
1 quarter
|
|
|
19
KB Home
KBH
$2.59B
| $147M | 1.69% |
+2,100,000
| New | +$143M |
2024 Q2
0 quarters
|
|
20
Intercontinental Exchange
ICE
$88.9B
| $137M | 1.57% |
1,000,000
| – | – |
2023 Q2
4 quarters
|
|
|
21
Roper Technologies
ROP
$37.9B
| $135M | 1.55% |
+240,000
| New | +$129M |
2024 Q2
0 quarters
|
|
|
22
Live Nation Entertainment
LYV
$39.8B
| $128M | 1.46% |
+1,365,000
| New | +$129M |
2024 Q2
0 quarters
|
|
23
International Flavors & Fragrances
IFF
$23.2B
| $124M | 1.42% |
1,300,000
-100,000
| -7% | -$9.17M |
2022 Q4
6 quarters
|
|
24
Apollo Global Management
APO
$65.5B
| $118M | 1.35% |
1,000,000
| – | – |
2023 Q4
2 quarters
|
|
25
Advance Auto Parts
AAP
$2.64B
| $94.6M | 1.08% |
1,500,100
| – | – |
2024 Q1
1 quarter
|
|
Similar funds
TCIM
Daniel Loeb's Q2 2024 Portfolio in Review
As of Q2 2024, Daniel Loeb held 51 positions worth $8.74B, up 11% from $7.85B the previous quarter. Its ten largest holdings account for 65% of the portfolio.
Daniel Loeb deployed $656M of net new capital in Q2 2024, opening 11 new positions and adding to 5 existing holdings. Its largest new stake was Apple: 1,950,000 shares worth $411M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 17% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $172M trimmed.
- Daniel Loeb's largest Q2 2024 buy was Apple: 1,950,000 shares worth $411M.
- Daniel Loeb added most to TSMC in Q2 2024, an estimated $129M increase.
- Daniel Loeb's biggest Q2 2024 reduction was Alphabet (Google) Class A, cutting an estimated $172M.
- Daniel Loeb fully exited S&P Global in Q2 2024, selling an estimated $143M.
- Daniel Loeb's ten largest holdings make up 65% of its $8.74B portfolio in Q2 2024.
- Daniel Loeb opened 11 new positions and closed 7 in Q2 2024.
- Daniel Loeb's portfolio value rose 11% quarter-over-quarter to $8.74B.
Based on Third Point's 13F filing for Q2 2024, filed 14 Aug 2024.