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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
+10.26%
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
$7.43B
AUM Growth
-$1.31B
(-15%)
Cap. Flow
-$1.79B
Cap. Flow % of AUM
Cap. Flow %
-24.06%
Top 10 Holdings %
Top 10 Hldgs %
61.29%
Holding
53
New
9
Increased
4
Reduced
12
Closed
11
Avg Time Held
1.5
years
Top 10 Avg Time Held
1.7
years
Top 20 Avg Time Held
1.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Brookfield
BN
|
+$224M |
| 2 |
Intercontinental Exchange
ICE
|
+$167M |
| 3 |
CRH
CRH
|
+$118M |
| 4 |
LPL Financial
LPLA
|
+$109M |
| 5 |
Flutter Entertainment
FLUT
|
+$106M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$361M |
| 2 |
Microsoft
MSFT
|
+$304M |
| 3 |
Meta Platforms (Facebook)
META
|
+$286M |
| 4 |
American International
AIG
|
+$256M |
| 5 |
Amazon
AMZN
|
+$255M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.24% |
| 2 | Utilities | 18.5% |
| 3 | Consumer Discretionary | 17.46% |
| 4 | Communication Services | 11.59% |
| 5 | Financials | 11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PG&E
PCG
$39.5B
| $984M | 13.24% |
49,750,000
-4,000,000
| -7% | -$74.8M |
2020 Q3
16 quarters
|
|
|
2
Amazon
AMZN
$2.83T
| $689M | 9.28% |
3,700,000
-1,400,000
| -27% | -$255M |
2023 Q2
5 quarters
|
|
3
Danaher
DHR
$164B
| $542M | 7.3% |
1,950,000
-100,000
| -5% | -$26.5M |
2015 Q3
36 quarters
|
|
4
Vistra
VST
$52.4B
| $376M | 5.06% |
3,175,000
-1,295,000
| -29% | -$110M |
2023 Q1
6 quarters
|
|
5
Bath & Body Works
BBWI
$4.12B
| $376M | 5.06% |
11,785,000
-190,000
| -2% | -$6.3M |
2022 Q3
8 quarters
|
|
|
6
Microsoft
MSFT
$3.96T
| $374M | 5.04% |
870,000
-710,000
| -45% | -$304M |
2022 Q4
7 quarters
|
|
|
7
Intercontinental Exchange
ICE
$88.5B
| $335M | 4.51% |
2,085,000
+1,085,000
| +109% | +$167M |
2023 Q2
5 quarters
|
|
|
8
Meta Platforms (Facebook)
META
$1.78T
| $312M | 4.2% |
545,000
-555,000
| -50% | -$286M |
2023 Q3
4 quarters
|
|
9
TSMC
TSM
$2.24T
| $309M | 4.16% |
1,780,000
-245,000
| -12% | -$41.7M |
2023 Q2
5 quarters
|
|
10
Live Nation Entertainment
LYV
$40.6B
| $256M | 3.45% |
2,340,000
+975,000
| +71% | +$94.3M |
2024 Q2
1 quarter
|
|
|
11
Brookfield
BN
$83.7B
| $251M | 3.38% |
+7,087,500
| New | +$224M |
2024 Q3
0 quarters
|
|
12
Corpay
CPAY
$26.8B
| $239M | 3.22% |
765,000
| – | – |
2023 Q4
3 quarters
|
|
13
Apple
AAPL
$5.02T
| $217M | 2.92% |
930,000
-1,020,000
| -52% | -$228M |
2024 Q2
1 quarter
|
|
14
Jacobs Solutions
J
$16.7B
| $216M | 2.91% |
1,666,500
-441,024
| -21% | -$53.1M |
2023 Q1
6 quarters
|
|
15
Cinemark Holdings
CNK
$4.63B
| $195M | 2.62% |
7,000,000
| – | – |
2024 Q1
2 quarters
|
|
16
Ferguson
FERG
$44.1B
| $192M | 2.58% |
965,000
| – | – |
2022 Q3
8 quarters
|
|
|
17
CRH
CRH
$57.2B
| $190M | 2.56% |
2,050,000
+1,400,000
| +215% | +$118M |
2024 Q2
1 quarter
|
|
18
Roper Technologies
ROP
$39.3B
| $134M | 1.8% |
240,000
| – | – |
2024 Q2
1 quarter
|
|
|
19
Flutter Entertainment
FLUT
$13.6B
| $121M | 1.63% |
+510,000
| New | +$106M |
2024 Q3
0 quarters
|
|
20
Apollo Global Management
APO
$66B
| $119M | 1.6% |
950,000
-50,000
| -5% | -$5.77M |
2023 Q4
3 quarters
|
|
|
21
LPL Financial
LPLA
$25.3B
| $113M | 1.52% |
+485,000
| New | +$109M |
2024 Q3
0 quarters
|
|
22
Carpenter Technology
CRS
$18.2B
| $105M | 1.42% |
+660,000
| New | +$89.4M |
2024 Q3
0 quarters
|
|
23
Tesla
TSLA
$1.53T
| $105M | 1.41% |
+400,000
| New | +$91.2M |
2024 Q3
0 quarters
|
|
24
Amphenol
APH
$195B
| $104M | 1.4% |
3,200,000
-2,400,000
| -43% | -$77.8M |
2024 Q2
1 quarter
|
|
25
CVS Health
CVS
$120B
| $99M | 1.33% |
+1,575,000
| New | +$91.9M |
2024 Q3
0 quarters
|
|
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Daniel Loeb's Q3 2024 Portfolio in Review
As of Q3 2024, Daniel Loeb held 53 positions worth $7.43B, down 15% from $8.74B the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Daniel Loeb withdrew a net $1.79B in Q3 2024, closing 11 positions and reducing 12 holdings. Its most notable exit was Alphabet (Google) Class A, an estimated $361M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, down from 26% a quarter earlier, followed by Utilities and Consumer Discretionary.
Against the trend, Daniel Loeb opened a new position in Brookfield worth $251M.
- Daniel Loeb's largest Q3 2024 buy was Brookfield: 7,087,500 shares worth $251M.
- Daniel Loeb added most to Intercontinental Exchange in Q3 2024, an estimated $167M increase.
- Daniel Loeb's biggest Q3 2024 reduction was Microsoft, cutting an estimated $304M.
- Daniel Loeb fully exited Alphabet (Google) Class A in Q3 2024, selling an estimated $361M.
- Daniel Loeb's ten largest holdings make up 61% of its $7.43B portfolio in Q3 2024.
- Daniel Loeb opened 9 new positions and closed 11 in Q3 2024.
- Daniel Loeb's portfolio value fell 15% quarter-over-quarter to $7.43B.
Based on Third Point's 13F filing for Q3 2024, filed 14 Nov 2024.