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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
+3.4%
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
$10.5B
AUM Growth
-$365M
(-3.4%)
Cap. Flow
-$501M
Cap. Flow
% of AUM
-4.77%
Top 10 Holdings %
Top 10 Hldgs %
65.22%
Holding
56
New
19
Increased
5
Reduced
10
Closed
16
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$432M |
| 2 |
Charter Communications
CHTR
|
+$312M |
| 3 |
Sherwin-Williams
SHW
|
+$205M |
| 4 |
MON
Monsanto Co
MON
|
+$198M |
| 5 |
S&P Global
SPGI
|
+$172M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amgen
AMGN
|
+$450M |
| 2 |
DuPont de Nemours
DD
|
+$260M |
| 3 |
Roper Technologies
ROP
|
+$247M |
| 4 |
Yum! Brands
YUM
|
+$246M |
| 5 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$246M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 38.53% |
| 2 | Materials | 13.41% |
| 3 | Communication Services | 10.48% |
| 4 | Consumer Discretionary | 9.48% |
| 5 | Consumer Staples | 8.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Molson Coors Class B
TAP
$7.68B
| $101M | 0.96% |
1,000,000
-1,150,000
| -53% | -$113M |
|
27
Nomad Foods
NOMD
$1.64B
| $101M | 0.96% |
12,650,000
+965,000
| +8% | +$8.51M |
|
28
Coca-Cola Europacific Partners
CCEP
$46.5B
| $96.4M | 0.92% |
+2,700,000
| New | +$127M |
|
29
L3Harris
LHX
$55.9B
| $83.4M | 0.8% |
+1,000,000
| New | +$79M |
|
|
WLL
30
DELISTED
Whiting Petroleum Corporation
WLL
| $75.9M | 0.72% |
+27,333
| New | +$90.4M |
|
|
MRO
31
DELISTED
Marathon Oil Corporation
MRO
| $60M | 0.57% |
+4,000,000
| New | +$52.9M |
|
32
Green Brick Partners
GRBK
$3.13B
| $58.8M | 0.56% |
8,083,022
| – | – |
|
33
Liberty Global Class A
LBTYA
$3.28B
| $58.1M | 0.55% |
+2,000,000
| New | +$64.9M |
|
|
SUPV
34
Grupo Supervielle
SUPV
$833M
| $57.6M | 0.55% |
+4,500,000
| New | +$54M |
|
35
General Dynamics
GD
$105B
| $49.4M | 0.47% |
+355,100
| New | +$49.5M |
|
|
ANDV
36
DELISTED
Andeavor
ANDV
| $48.7M | 0.46% |
+650,000
| New | +$51.6M |
|
37
Devon Energy
DVN
$51.9B
| $41.7M | 0.4% |
+1,150,000
| New | +$39M |
|
|
APIC
38
DELISTED
Apigee Corporation Common Stock
APIC
| $38.7M | 0.37% |
3,166,551
| – | – |
|
39
Enphase Energy
ENPH
$4.84B
| $12.4M | 0.12% |
6,248,987
| – | – |
|
|
C.WS.A
40
DELISTED
Citigroup Inc
C.WS.A
| $1.18M | 0.01% |
20,000,000
| – | – |
|
|
41
Amgen
AMGN
$203B
| – | – |
-3,000,000
| Closed | -$450M |
|
42
Broadcom
AVGO
$1.82T
| – | – |
-13,000,000
| Closed | -$201M |
|
43
Gaming and Leisure Properties
GLPI
$12.8B
| – | – |
-35,000
| Closed | -$1.08M |
|
44
Intercontinental Exchange
ICE
$82.4B
| – | – |
-1,125,000
| Closed | -$52.9M |
|
45
Kraft Heinz
KHC
$30.4B
| – | – |
-500,000
| Closed | -$39.3M |
|
|
46
Roper Technologies
ROP
$36.3B
| – | – |
-1,350,000
| Closed | -$247M |
|
47
CALL
Signet Jewelers
SIG
$3.55B
| – | – |
-500,000
| Closed | -$62M |
|
|
48
Signet Jewelers
SIG
$3.55B
| – | – |
-1,000,000
| Closed | -$124M |
|
49
J.M. Smucker
SJM
$12.6B
| – | – |
-775,000
| Closed | -$101M |
|
50
Targa Resources
TRGP
$60.4B
| – | – |
-1,800,000
| Closed | -$53.7M |
|
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Third Point's Q2 2016 Portfolio in Review
As of Q2 2016, Third Point held 56 positions worth $10.5B, down 3.4% from $10.9B the previous quarter. Its ten largest holdings account for 65% of the portfolio.
Third Point withdrew a net $501M in Q2 2016, closing 16 positions and reducing 10 holdings. Its most notable exit was Amgen, an estimated $450M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 39% of assets, down from 40% a quarter earlier, followed by Materials and Communication Services.
Against the trend, Third Point opened a new position in Meta Platforms (Facebook) worth $429M.
- Third Point's largest Q2 2016 buy was Meta Platforms (Facebook): 3,750,000 shares worth $429M.
- Third Point added most to Constellation Brands in Q2 2016, an estimated $36.8M increase.
- Third Point's biggest Q2 2016 reduction was DuPont de Nemours, cutting an estimated $260M.
- Third Point fully exited Amgen in Q2 2016, selling an estimated $450M.
- Third Point's ten largest holdings make up 65% of its $10.5B portfolio in Q2 2016.
- Third Point opened 19 new positions and closed 16 in Q2 2016.
- Third Point's portfolio value fell 3.4% quarter-over-quarter to $10.5B.
Based on Third Point's 13F filing for Q2 2016, filed 12 Aug 2016.