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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
+0.33%
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
$10.9B
AUM Growth
+$998M
(+10%)
Cap. Flow
+$974M
Cap. Flow
% of AUM
8.97%
Top 10 Holdings %
Top 10 Hldgs %
69.48%
Holding
42
New
15
Increased
8
Reduced
9
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$515M |
| 2 |
Yum! Brands
YUM
|
+$396M |
| 3 |
BXLT
BAXALTA INC COM STK (DE)
BXLT
|
+$237M |
| 4 |
TransDigm Group
TDG
|
+$218M |
| 5 |
Lowe's Companies
LOW
|
+$212M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amgen
AMGN
|
+$898M |
| 2 |
Liberty Global Class C
LBTYK
|
+$204M |
| 3 |
AGN
Allergan plc
AGN
|
+$115M |
| 4 |
J.M. Smucker
SJM
|
+$110M |
| 5 |
eBay
EBAY
|
+$110M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 40.09% |
| 2 | Consumer Discretionary | 13.67% |
| 3 | Materials | 11.71% |
| 4 | Consumer Staples | 8.63% |
| 5 | Communication Services | 7.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
VMW
26
DELISTED
VMware, Inc
VMW
| $62.8M | 0.58% |
+1,200,000
| New | +$59.4M |
|
27
CALL
Signet Jewelers
SIG
$3.55B
| $62M | 0.57% |
+500,000
| New | +$56.9M |
|
28
Green Brick Partners
GRBK
$3.13B
| $61.4M | 0.57% |
8,083,022
| – | – |
|
29
Targa Resources
TRGP
$60.4B
| $53.7M | 0.5% |
+1,800,000
| New | +$42.9M |
|
30
Intercontinental Exchange
ICE
$82.4B
| $52.9M | 0.49% |
+1,125,000
| New | +$54.7M |
|
|
TFCFA
31
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $40.4M | 0.37% |
+1,450,000
| New | +$38.8M |
|
32
Kraft Heinz
KHC
$30.4B
| $39.3M | 0.36% |
500,000
+418,000
| +510% | +$31.3M |
|
33
Williams Companies
WMB
$90.5B
| $32.1M | 0.3% |
+2,000,000
| New | +$34.4M |
|
|
APIC
34
DELISTED
Apigee Corporation Common Stock
APIC
| $26.3M | 0.24% |
3,166,551
| – | – |
|
35
Enphase Energy
ENPH
$4.84B
| $14.6M | 0.13% |
6,248,987
| – | – |
|
|
C.WS.A
36
DELISTED
Citigroup Inc
C.WS.A
| $2M | 0.02% |
20,000,000
| – | – |
|
37
Gaming and Leisure Properties
GLPI
$12.8B
| $1.08M | 0.01% |
+35,000
| New | +$950K |
|
38
Axalta
AXTA
$7.01B
| – | – |
-2,400,000
| Closed | -$64M |
|
|
39
eBay
EBAY
$48.6B
| – | – |
-4,000,000
| Closed | -$110M |
|
|
40
Liberty Global Class C
LBTYK
$3.25B
| – | – |
-5,760,000
| Closed | -$204M |
|
41
Morgan Stanley
MS
$337B
| – | – |
-3,000,000
| Closed | -$95.4M |
|
|
CWEI
42
DELISTED
Clayton Williams Energy, Inc.
CWEI
| – | – |
-400,000
| Closed | -$11.8M |
|
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Third Point's Q1 2016 Portfolio in Review
As of Q1 2016, Third Point held 42 positions worth $10.9B, up 10% from $9.86B the previous quarter. Its ten largest holdings account for 69% of the portfolio.
Third Point deployed $974M of net new capital in Q1 2016, opening 15 new positions and adding to 8 existing holdings. Its largest new stake was Alphabet (Google) Class A: 14,000,000 shares worth $534M.
By sector, the portfolio is most concentrated in Healthcare at 40% of assets, down from 55% a quarter earlier, followed by Consumer Discretionary and Materials.
On the sell side, the largest reduction was Amgen, an estimated $898M trimmed.
- Third Point's largest Q1 2016 buy was Alphabet (Google) Class A: 14,000,000 shares worth $534M.
- Third Point added most to Yum! Brands in Q1 2016, an estimated $396M increase.
- Third Point's biggest Q1 2016 reduction was Amgen, cutting an estimated $898M.
- Third Point fully exited Liberty Global Class C in Q1 2016, selling an estimated $204M.
- Third Point's ten largest holdings make up 69% of its $10.9B portfolio in Q1 2016.
- Third Point opened 15 new positions and closed 5 in Q1 2016.
- Third Point's portfolio value rose 10% quarter-over-quarter to $10.9B.
Based on Third Point's 13F filing for Q1 2016, filed 13 May 2016.