Third Point’s Time Warner Inc TWX Stock Holding History

Third Point’s Portfolio TWX Stock Details TWX Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q1	–	Sell	-2,000,000	Closed	-$188M	–	56
2017 Q4	$183M	Sell	2,000,000 -750,000	-27%	-$70.9M	1.32%	25
2017 Q3	$282M	Sell	2,750,000 -1,000,000	-27%	-$101M	2.37%	12
2017 Q2	$377M	Buy	3,750,000 +250,000	+7%	+$24.8M	3.34%	8
2017 Q1	$342M	Buy	3,500,000 +500,000	+17%	+$48.4M	3.34%	6
2016 Q4	$290M	Buy	+3,000,000	New	+$267M	2.84%	9

Other funds holding TWX

Numen Capital London, United Kingdom $13.5M AUM 47.6% 1-Year Est. Return

LTFS

Ladenburg Thalmann Financial Services Miami, Florida $15.9B AUM 25.16% 1-Year Est. Return

Envestnet Asset Management Chicago, Illinois $374B AUM 17.66% 1-Year Est. Return

Wolverine Trading Chicago, Illinois $139B AUM 31.83% 1-Year Est. Return

UFF

USA Financial Formulas Ada, Michigan $531M AUM 28.6% 1-Year Est. Return

NIM

NuWave Investment Management Parsippany, New Jersey $87.2M AUM 38.54% 1-Year Est. Return

SFG

SevenBridge Financial Group Harrisburg, Pennsylvania $640M AUM 27.29% 1-Year Est. Return

Third Point's TWX Position: Q1 2018 in Review

Third Point sold out of Time Warner Inc (TWX) in Q1 2018, closing a stake of 2,000,000 shares — an estimated $188M sold.

Third Point first reported a position in TWX in Q4 2016 and held it in 5 quarters. The position peaked at $377M in Q2 2017. 1,138 funds tracked by Wall St. Rank hold TWX as of Q1 2018.

Third Point reported no remaining Time Warner Inc position as of Q1 2018 after selling out during the quarter.
Third Point sold 2,000,000 Time Warner Inc shares in Q1 2018, an estimated $188M.
Third Point first reported a position in Time Warner Inc in Q4 2016 and held it in 5 quarters.
Third Point's Time Warner Inc position peaked at $377M in Q2 2017.
1,138 funds tracked by Wall St. Rank held Time Warner Inc as of Q1 2018.

Based on Third Point's 13F filing for Q1 2018, filed 15 May 2018.