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TP
Third Point Portfolio holdings
AUM
$2.08B
1-Year Est. Return
27.04%
This Fund
S&P 500
This Quarter
Est. Return
+1.61%
1 Year Est. Return
+27.04%
3 Year Est. Return
+125.35%
5 Year Est. Return
+260.24%
10 Year Est. Return
+1,464.79%
AUM
$8.71B
AUM Growth
+$581M
(+7.1%)
Cap. Flow
+$509M
Cap. Flow
% of AUM
5.85%
Top 10 Holdings %
Top 10 Hldgs %
57.59%
Holding
54
New
13
Increased
9
Reduced
11
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$647M |
| 2 |
eBay
EBAY
|
+$238M |
| 3 |
BBBY
Bed Bath & Beyond Inc
BBBY
|
+$189M |
| 4 |
SHPG
Shire pic
SHPG
|
+$186M |
| 5 |
Parker-Hannifin
PH
|
+$152M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American International
AIG
|
+$327M |
| 2 |
T-Mobile US
TMUS
|
+$269M |
| 3 |
RAX
Rackspace Hosting Inc
RAX
|
+$244M |
| 4 |
Herc Holdings
HRI
|
+$161M |
| 5 |
Williams Companies
WMB
|
+$129M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 15.67% |
| 2 | Consumer Discretionary | 14.91% |
| 3 | Healthcare | 12.94% |
| 4 | Consumer Staples | 11.45% |
| 5 | Financials | 11.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PPLI
26
People Inc
PPLI
$3.1B
| $132M | 1.51% |
11,190,815
| – | – |
|
27
Edgewell Personal Care
EPC
$1.27B
| $123M | 1.41% |
+1,349,000
| New | +$121M |
|
28
FedEx
FDX
$74.5B
| $121M | 1.39% |
750,000
-250,000
| -25% | -$38M |
|
|
SUNE
29
DELISTED
SUNEDISON, INC COM
SUNE
| $113M | 1.3% |
+6,000,000
| New | +$129M |
|
30
American Airlines Group
AAL
$9.58B
| $97.6M | 1.12% |
2,750,000
+625,000
| +29% | +$24.6M |
|
31
Enphase Energy
ENPH
$4.84B
| $93.7M | 1.08% |
6,248,987
-1,200,000
| -16% | -$15.2M |
|
|
32
Williams Companies
WMB
$90.5B
| $83M | 0.95% |
1,500,000
-2,250,000
| -60% | -$129M |
|
33
Cheniere Energy
LNG
$56.5B
| $64M | 0.73% |
800,000
-1,450,000
| -64% | -$111M |
|
34
Crown Holdings
CCK
$12.8B
| $62.3M | 0.72% |
+1,400,000
| New | +$67.4M |
|
35
Precigen
PGEN
$1.93B
| $53.9M | 0.62% |
3,034,366
| – | – |
|
36
Molson Coors Class B
TAP
$7.68B
| $37.2M | 0.43% |
+500,000
| New | +$36.5M |
|
37
Corpay
CPAY
$24.2B
| $21.3M | 0.24% |
+150,000
| New | +$20.7M |
|
38
Moelis & Co
MC
$4.98B
| $11.3M | 0.13% |
341,044
| – | – |
|
39
Green Brick Partners
GRBK
$3.13B
| $6.66M | 0.08% |
1,043,126
-554,938
| -35% | -$3.47M |
|
40
CALL
EQT Corp
EQT
$33.2B
| $1.65M | 0.02% |
+33,066
| New | +$1.75M |
|
|
41
American International
AIG
$41.9B
| – | – |
-6,000,000
| Closed | -$327M |
|
42
Ashland
ASH
$3.04B
| – | – |
-2,044,000
| Closed | -$109M |
|
43
CALL
AstraZeneca
AZN
$263B
| – | – |
-1,000,000
| Closed | -$74.3M |
|
44
FMC
FMC
$1.42B
| – | – |
-1,787,150
| Closed | -$110M |
|
|
45
Herc Holdings
HRI
$5.43B
| – | – |
-1,916,667
| Closed | -$161M |
|
46
Owens Corning
OC
$11.5B
| – | – |
-473,000
| Closed | -$18.3M |
|
|
47
T-Mobile US
TMUS
$193B
| – | – |
-8,000,000
| Closed | -$269M |
|
48
Viavi Solutions
VIAV
$9.75B
| – | – |
-4,395,000
| Closed | -$31.2M |
|
|
WBA
49
DELISTED
Walgreens Boots Alliance
WBA
| – | – |
-700,000
| Closed | -$51.9M |
|
|
CTXS
50
DELISTED
Citrix Systems Inc
CTXS
| – | – |
-2,511,600
| Closed | -$125M |
|
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Third Point's Q3 2014 Portfolio in Review
As of Q3 2014, Third Point held 54 positions worth $8.71B, up 7.1% from $8.13B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Third Point deployed $509M of net new capital in Q3 2014, opening 13 new positions and adding to 9 existing holdings. Its largest new stake was Alibaba: 7,200,000 shares worth $640M.
By sector, the portfolio is most concentrated in Materials at 16% of assets, down from 19% a quarter earlier, followed by Consumer Discretionary and Healthcare.
On the sell side, the largest reduction was Williams Companies, an estimated $129M trimmed.
- Third Point's largest Q3 2014 buy was Alibaba: 7,200,000 shares worth $640M.
- Third Point added most to Amgen in Q3 2014, an estimated $114M increase.
- Third Point's biggest Q3 2014 reduction was Williams Companies, cutting an estimated $129M.
- Third Point fully exited American International in Q3 2014, selling an estimated $327M.
- Third Point's ten largest holdings make up 58% of its $8.71B portfolio in Q3 2014.
- Third Point opened 13 new positions and closed 13 in Q3 2014.
- Third Point's portfolio value rose 7.1% quarter-over-quarter to $8.71B.
Based on Third Point's 13F filing for Q3 2014, filed 14 Nov 2014.