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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
+9.02%
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
$7.44B
AUM Growth
+$11.5M
(+0.15%)
Cap. Flow
-$468M
Cap. Flow % of AUM
Cap. Flow %
-6.29%
Top 10 Holdings %
Top 10 Hldgs %
56.96%
Holding
52
New
10
Increased
11
Reduced
9
Closed
9
Avg Time Held
1.5
years
Top 10 Avg Time Held
1.6
years
Top 20 Avg Time Held
1.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Thermo Fisher Scientific
TMO
|
+$192M |
| 2 |
Capital One
COF
|
+$160M |
| 3 |
Fortive
FTV
|
+$145M |
| 4 |
Workday
WDAY
|
+$128M |
| 5 |
Discover Financial Services
DFS
|
+$105M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bath & Body Works
BBWI
|
+$376M |
| 2 |
Vistra
VST
|
+$302M |
| 3 |
Apple
AAPL
|
+$217M |
| 4 |
Roper Technologies
ROP
|
+$134M |
| 5 |
Microsoft
MSFT
|
+$115M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 16.23% |
| 2 | Financials | 15.49% |
| 3 | Technology | 15.32% |
| 4 | Utilities | 15% |
| 5 | Communication Services | 12.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PG&E
PCG
$37.9B
| $979M | 13.15% |
48,500,000
-1,250,000
| -3% | -$25.4M |
2020 Q3
17 quarters
|
|
2
Amazon
AMZN
$2.68T
| $757M | 10.17% |
3,450,000
-250,000
| -7% | -$51.1M |
2023 Q2
6 quarters
|
|
3
Danaher
DHR
$162B
| $436M | 5.86% |
1,900,000
-50,000
| -3% | -$12.3M |
2015 Q3
37 quarters
|
|
4
Meta Platforms (Facebook)
META
$1.64T
| $389M | 5.23% |
665,000
+120,000
| +22% | +$70.4M |
2023 Q3
5 quarters
|
|
5
TSMC
TSM
$2.17T
| $352M | 4.72% |
1,780,000
| – | – |
2023 Q2
6 quarters
|
|
6
Intercontinental Exchange
ICE
$91.4B
| $311M | 4.17% |
2,085,000
| – | – |
2023 Q2
6 quarters
|
|
7
Brookfield
BN
$84.8B
| $287M | 3.85% |
7,485,000
+397,500
| +6% | +$15M |
2024 Q3
1 quarter
|
|
|
8
Microsoft
MSFT
$3.89T
| $253M | 3.4% |
600,000
-270,000
| -31% | -$115M |
2022 Q4
8 quarters
|
|
9
CRH
CRH
$56.5B
| $251M | 3.38% |
2,715,000
+665,000
| +32% | +$64M |
2024 Q2
2 quarters
|
|
10
Flutter Entertainment
FLUT
$13.9B
| $225M | 3.02% |
870,000
+360,000
| +71% | +$90.9M |
2024 Q3
1 quarter
|
|
11
Live Nation Entertainment
LYV
$40.4B
| $223M | 2.99% |
1,720,000
-620,000
| -26% | -$78.1M |
2024 Q2
2 quarters
|
|
12
Jacobs Solutions
J
$17B
| $220M | 2.96% |
1,666,500
| – | – |
2023 Q1
7 quarters
|
|
13
LPL Financial
LPLA
$24.9B
| $214M | 2.87% |
655,000
+170,000
| +35% | +$50.3M |
2024 Q3
1 quarter
|
|
14
Ferguson
FERG
$43.9B
| $208M | 2.8% |
1,200,000
+235,000
| +24% | +$46.7M |
2022 Q3
9 quarters
|
|
15
Corpay
CPAY
$26.8B
| $206M | 2.77% |
610,000
-155,000
| -20% | -$54.5M |
2023 Q4
4 quarters
|
|
16
Telephone and Data Systems
TDS
$4.07B
| $205M | 2.75% |
6,000,000
+3,125,000
| +109% | +$95.1M |
2023 Q3
5 quarters
|
|
17
Tesla
TSLA
$1.47T
| $202M | 2.71% |
500,000
+100,000
| +25% | +$32.2M |
2024 Q3
1 quarter
|
|
|
18
Thermo Fisher Scientific
TMO
$249B
| $182M | 2.45% |
+350,000
| New | +$192M |
2024 Q4
0 quarters
|
|
|
19
Capital One
COF
$124B
| $165M | 2.22% |
+925,000
| New | +$160M |
2024 Q4
0 quarters
|
|
20
Carpenter Technology
CRS
$14.1B
| $148M | 1.98% |
870,000
+210,000
| +32% | +$36M |
2024 Q3
1 quarter
|
|
|
21
Fortive
FTV
$18.2B
| $142M | 1.91% |
+2,521,300
| New | +$145M |
2024 Q4
0 quarters
|
|
|
22
Vistra
VST
$47B
| $138M | 1.85% |
1,000,000
-2,175,000
| -69% | -$302M |
2023 Q1
7 quarters
|
|
23
EQT Corp
EQT
$34.8B
| $136M | 1.83% |
2,950,000
+1,000,000
| +51% | +$41.2M |
2023 Q4
4 quarters
|
|
|
24
Workday
WDAY
$50.6B
| $129M | 1.73% |
+500,000
| New | +$128M |
2024 Q4
0 quarters
|
|
25
Cinemark Holdings
CNK
$4.6B
| $116M | 1.56% |
3,750,000
-3,250,000
| -46% | -$101M |
2024 Q1
3 quarters
|
|
Similar funds
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Daniel Loeb's Q4 2024 Portfolio in Review
As of Q4 2024, Daniel Loeb held 52 positions worth $7.44B, up 0.15% from $7.43B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Daniel Loeb withdrew a net $468M in Q4 2024, closing 9 positions and reducing 9 holdings. Its most notable exit was Bath & Body Works, an estimated $376M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 16% of assets, down from 17% a quarter earlier, followed by Financials and Technology.
Against the trend, Daniel Loeb opened a new position in Thermo Fisher Scientific worth $182M.
- Daniel Loeb's largest Q4 2024 buy was Thermo Fisher Scientific: 350,000 shares worth $182M.
- Daniel Loeb added most to Telephone and Data Systems in Q4 2024, an estimated $95.1M increase.
- Daniel Loeb's biggest Q4 2024 reduction was Vistra, cutting an estimated $302M.
- Daniel Loeb fully exited Bath & Body Works in Q4 2024, selling an estimated $376M.
- Daniel Loeb's ten largest holdings make up 57% of its $7.44B portfolio in Q4 2024.
- Daniel Loeb opened 10 new positions and closed 9 in Q4 2024.
- Daniel Loeb's portfolio value rose 0.15% quarter-over-quarter to $7.44B.
Based on Third Point's 13F filing for Q4 2024, filed 14 Feb 2025.