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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
+6.42%
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
$10.8B
AUM Growth
-$267M
(-2.4%)
Cap. Flow
-$800M
Cap. Flow
% of AUM
-7.39%
Top 10 Holdings %
Top 10 Hldgs %
60.3%
Holding
54
New
14
Increased
6
Reduced
7
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Yum! Brands
YUM
|
+$251M |
| 2 |
Mohawk Industries
MHK
|
+$203M |
| 3 |
FedEx
FDX
|
+$156M |
| 4 |
NXP Semiconductors
NXPI
|
+$140M |
| 5 |
McKesson
MCK
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$1.04B |
| 2 |
Citigroup
C
|
+$271M |
| 3 |
EMC
EMC CORPORATION
EMC
|
+$208M |
| 4 |
American Airlines Group
AAL
|
+$201M |
| 5 |
Williams Companies
WMB
|
+$180M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 27.05% |
| 2 | Consumer Discretionary | 10.73% |
| 3 | Technology | 10.1% |
| 4 | Materials | 9.76% |
| 5 | Consumer Staples | 9.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Edgewell Personal Care
EPC
$1.27B
| $138M | 1.28% |
1,349,000
| – | – |
|
27
J.M. Smucker
SJM
$12.6B
| $133M | 1.23% |
+1,150,000
| New | +$126M |
|
28
Precigen
PGEN
$1.93B
| $122M | 1.13% |
2,825,099
-209,267
| -7% | -$7.52M |
|
|
MXIM
29
DELISTED
Maxim Integrated Products
MXIM
| $122M | 1.13% |
+3,500,000
| New | +$119M |
|
30
Corpay
CPAY
$24.2B
| $106M | 0.98% |
700,000
+150,000
| +27% | +$22.2M |
|
|
PCP
31
DELISTED
PRECISION CASTPARTS CORP
PCP
| $105M | 0.97% |
+500,000
| New | +$106M |
|
32
CALL
AB InBev
BUD
$158B
| $91.4M | 0.85% |
+750,000
| New | +$90.6M |
|
33
Enphase Energy
ENPH
$4.84B
| $82.4M | 0.76% |
6,248,987
| – | – |
|
34
Green Brick Partners
GRBK
$3.13B
| $43.4M | 0.4% |
5,242,124
| – | – |
|
|
CWEI
35
DELISTED
Clayton Williams Energy, Inc.
CWEI
| $40.5M | 0.37% |
+800,000
| New | +$44.1M |
|
36
Energy Transfer Partners
ET
$70.1B
| $17.1M | 0.16% |
+540,000
| New | +$16M |
|
|
C.WS.A
37
DELISTED
Citigroup Inc
C.WS.A
| $14.6M | 0.13% |
20,000,000
| – | – |
|
38
Moelis & Co
MC
$4.98B
| $5.11M | 0.05% |
170,523
| – | – |
|
|
SUNE
39
CALL
DELISTED
SUNEDISON, INC COM
SUNE
| $3.36M | 0.03% |
+140,000
| New | +$3.01M |
|
|
40
CALL
Yum! Brands
YUM
$41B
| $1.18M | 0.01% |
+20,865
| New | +$1.14M |
|
|
41
American Airlines Group
AAL
$9.58B
| – | – |
-3,750,000
| Closed | -$201M |
|
|
42
Alibaba
BABA
$269B
| – | – |
-10,000,000
| Closed | -$1.04B |
|
|
43
Citigroup
C
$222B
| – | – |
-5,000,000
| Closed | -$271M |
|
44
CF Industries
CF
$19.2B
| – | – |
-3,250,000
| Closed | -$177M |
|
45
Herc Holdings
HRI
$5.43B
| – | – |
-1,416,667
| Closed | -$106M |
|
46
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| – | – |
-500,000
| Closed | -$103M |
|
|
47
Williams Companies
WMB
$90.5B
| – | – |
-4,000,000
| Closed | -$180M |
|
|
APC
48
DELISTED
Anadarko Petroleum
APC
| – | – |
-1,000,000
| Closed | -$82.5M |
|
|
FCB
49
DELISTED
FCB Financial Holdings, Inc.
FCB
| – | – |
-996,165
| Closed | -$24.5M |
|
|
RMP
50
DELISTED
Rice Midstream Partners LP
RMP
| – | – |
-200,000
| Closed | -$3.35M |
|
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Third Point's Q1 2015 Portfolio in Review
As of Q1 2015, Third Point held 54 positions worth $10.8B, down 2.4% from $11.1B the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Third Point withdrew a net $800M in Q1 2015, closing 13 positions and reducing 7 holdings. Its most notable exit was Alibaba, an estimated $1.04B position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 27% of assets, up from 26% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Third Point opened a new position in Yum! Brands worth $260M.
- Third Point's largest Q1 2015 buy was Yum! Brands: 4,590,300 shares worth $260M.
- Third Point added most to Mohawk Industries in Q1 2015, an estimated $203M increase.
- Third Point's biggest Q1 2015 reduction was Amgen, cutting an estimated $106M.
- Third Point fully exited Alibaba in Q1 2015, selling an estimated $1.04B.
- Third Point's ten largest holdings make up 60% of its $10.8B portfolio in Q1 2015.
- Third Point opened 14 new positions and closed 13 in Q1 2015.
- Third Point's portfolio value fell 2.4% quarter-over-quarter to $10.8B.
Based on Third Point's 13F filing for Q1 2015, filed 15 May 2015.