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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
+4.22%
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
$10.7B
AUM Growth
-$142M
(-1.3%)
Cap. Flow
-$466M
Cap. Flow
% of AUM
-4.37%
Top 10 Holdings %
Top 10 Hldgs %
56.49%
Holding
58
New
17
Increased
13
Reduced
14
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Baxter International
BAX
|
+$272M |
| 2 |
Devon Energy
DVN
|
+$242M |
| 3 |
SEE
Sealed Air
SEE
|
+$233M |
| 4 |
T-Mobile US
TMUS
|
+$233M |
| 5 |
Perrigo
PRGO
|
+$114M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ally Financial
ALLY
|
+$353M |
| 2 |
Dollar General
DG
|
+$302M |
| 3 |
Amgen
AMGN
|
+$160M |
| 4 |
Sensata Technologies
ST
|
+$143M |
| 5 |
McKesson
MCK
|
+$142M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 27.4% |
| 2 | Consumer Discretionary | 14.97% |
| 3 | Materials | 11.02% |
| 4 | Technology | 9.47% |
| 5 | Communication Services | 7.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Masco
MAS
$16B
| $133M | 1.25% |
5,690,000
-5,690,000
| -50% | -$135M |
|
27
Precigen
PGEN
$1.93B
| $132M | 1.23% |
2,724,300
-100,799
| -4% | -$4.25M |
|
28
Delta Air Lines
DAL
$55.9B
| $113M | 1.06% |
2,750,000
-2,500,000
| -48% | -$109M |
|
|
29
Perrigo
PRGO
$1.4B
| $111M | 1.04% |
+600,000
| New | +$114M |
|
30
Telefônica Brasil
VIV
$22.4B
| $104M | 0.98% |
+7,500,000
| New | +$112M |
|
31
CALL
iShares China Large-Cap ETF
FXI
$4.31B
| $92.2M | 0.86% |
+2,000,000
| New | +$99M |
|
32
Green Brick Partners
GRBK
$3.13B
| $87.1M | 0.82% |
8,083,022
+2,840,898
| +54% | +$26.3M |
|
33
Williams Companies
WMB
$90.5B
| $86.1M | 0.81% |
+1,500,000
| New | +$77.3M |
|
|
HOT
34
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $81.1M | 0.76% |
+1,000,000
| New | +$83.7M |
|
|
35
Sensata Technologies
ST
$6.65B
| $76.1M | 0.71% |
1,443,500
-2,556,500
| -64% | -$143M |
|
36
Molson Coors Class B
TAP
$7.68B
| $69.8M | 0.65% |
+1,000,000
| New | +$74.4M |
|
|
CWEI
37
DELISTED
Clayton Williams Energy, Inc.
CWEI
| $65.8M | 0.62% |
1,000,000
+200,000
| +25% | +$11.3M |
|
38
Enphase Energy
ENPH
$4.84B
| $47.6M | 0.45% |
6,248,987
| – | – |
|
|
39
CALL
T-Mobile US
TMUS
$193B
| $38.8M | 0.36% |
+1,000,000
| New | +$35.8M |
|
|
APIC
40
DELISTED
Apigee Corporation Common Stock
APIC
| $31.4M | 0.29% |
+3,166,551
| New | +$43.4M |
|
41
Alaunos Therapeutics
TCRT
$4.74M
| $23.4M | 0.22% |
+13,000
| New | +$20.2M |
|
42
Nokia
NOK
$50.8B
| $20.6M | 0.19% |
+3,000,000
| New | +$21.9M |
|
43
Charter Communications
CHTR
$15.2B
| $17.1M | 0.16% |
+100,000
| New | +$18M |
|
|
C.WS.A
44
DELISTED
Citigroup Inc
C.WS.A
| $14.8M | 0.14% |
20,000,000
| – | – |
|
45
CALL
Yum! Brands
YUM
$41B
| $10.8M | 0.1% |
166,920
+146,055
| +700% | +$9.25M |
|
46
CALL
Edgewell Personal Care
EPC
$1.27B
| $2.3M | 0.02% |
+17,500
| New | +$1.81M |
|
|
SUNE
47
CALL
DELISTED
SUNEDISON, INC COM
SUNE
| $1.05M | 0.01% |
35,000
-105,000
| -75% | -$2.99M |
|
|
48
Dollar General
DG
$25.9B
| – | – |
-4,000,000
| Closed | -$302M |
|
|
49
Edgewell Personal Care
EPC
$1.27B
| – | – |
-1,349,000
| Closed | -$139M |
|
50
Energy Transfer Partners
ET
$70.1B
| – | – |
-540,000
| Closed | -$17.1M |
|
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Third Point's Q2 2015 Portfolio in Review
As of Q2 2015, Third Point held 58 positions worth $10.7B, down 1.3% from $10.8B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Third Point withdrew a net $466M in Q2 2015, closing 9 positions and reducing 14 holdings. Its most notable exit was Dollar General, an estimated $302M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 27% of assets, up from 27% a quarter earlier, followed by Consumer Discretionary and Materials.
Against the trend, Third Point opened a new position in Baxter International worth $276M.
- Third Point's largest Q2 2015 buy was Baxter International: 7,271,950 shares worth $276M.
- Third Point added most to Mohawk Industries in Q2 2015, an estimated $106M increase.
- Third Point's biggest Q2 2015 reduction was Ally Financial, cutting an estimated $353M.
- Third Point fully exited Dollar General in Q2 2015, selling an estimated $302M.
- Third Point's ten largest holdings make up 56% of its $10.7B portfolio in Q2 2015.
- Third Point opened 17 new positions and closed 9 in Q2 2015.
- Third Point's portfolio value fell 1.3% quarter-over-quarter to $10.7B.
Based on Third Point's 13F filing for Q2 2015, filed 14 Aug 2015.