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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
+10.99%
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
$10.2B
AUM Growth
+$59.6M
(+0.59%)
Cap. Flow
-$925M
Cap. Flow
% of AUM
-9.03%
Top 10 Holdings %
Top 10 Hldgs %
61.45%
Holding
51
New
13
Increased
5
Reduced
15
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
T-Mobile US
TMUS
|
+$307M |
| 2 |
Salesforce
CRM
|
+$240M |
| 3 |
Qualcomm
QCOM
|
+$203M |
| 4 |
Hewlett Packard
HPE
|
+$139M |
| 5 |
Celanese
CE
|
+$109M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Humana
HUM
|
+$305M |
| 2 |
Baxter International
BAX
|
+$290M |
| 3 |
Apple
AAPL
|
+$214M |
| 4 |
Molson Coors Class B
TAP
|
+$165M |
| 5 |
PVTB
PrivateBancorp Inc
PVTB
|
+$163M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 29.91% |
| 2 | Communication Services | 17.46% |
| 3 | Materials | 14.39% |
| 4 | Financials | 8.24% |
| 5 | Technology | 7.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Celanese
CE
$5.09B
| $112M | 1.1% |
+1,250,000
| New | +$109M |
|
|
27
CALL
Humana
HUM
$46.7B
| $103M | 1.01% |
+500,000
| New | +$103M |
|
|
PXD
28
DELISTED
Pioneer Natural Resource Co.
PXD
| $93.1M | 0.91% |
+500,000
| New | +$92.8M |
|
29
Alcoa
AA
$11.7B
| $86M | 0.84% |
+2,500,000
| New | +$87.5M |
|
|
RSPP
30
DELISTED
RSP Permian, Inc.
RSPP
| $82.9M | 0.81% |
+2,000,000
| New | +$83.1M |
|
|
PE
31
DELISTED
PARSLEY ENERGY INC
PE
| $81.3M | 0.79% |
+2,500,000
| New | +$82.7M |
|
32
Green Brick Partners
GRBK
$3.13B
| $80.4M | 0.78% |
8,083,022
| – | – |
|
33
Nomad Foods
NOMD
$1.64B
| $80.2M | 0.78% |
7,000,000
-4,950,000
| -41% | -$52.7M |
|
34
Snap
SNAP
$7.32B
| $50.7M | 0.49% |
+2,250,000
| New | +$49.9M |
|
|
HK
35
DELISTED
Halcon Resources Corporation
HK
| $39.5M | 0.39% |
+5,170,000
| New | +$43.6M |
|
|
KDMN
36
DELISTED
Kadmon Holdings, Inc.
KDMN
| $34M | 0.33% |
9,407,745
+1,488,095
| +19% | +$6.01M |
|
|
ERF
37
DELISTED
Enerplus Corporation
ERF
| $25.8M | 0.25% |
+3,200,000
| New | +$28.1M |
|
38
Enphase Energy
ENPH
$4.84B
| $8.56M | 0.08% |
6,248,987
| – | – |
|
|
39
Apple
AAPL
$4.89T
| – | – |
-7,400,000
| Closed | -$214M |
|
40
Broadcom
AVGO
$1.82T
| – | – |
-3,000,000
| Closed | -$53M |
|
41
Conagra Brands
CAG
$7.07B
| – | – |
-3,000,000
| Closed | -$119M |
|
42
Chubb
CB
$140B
| – | – |
-1,200,000
| Closed | -$159M |
|
43
Goldman Sachs
GS
$313B
| – | – |
-400,000
| Closed | -$95.8M |
|
|
SUPV
44
Grupo Supervielle
SUPV
$833M
| – | – |
-2,740,000
| Closed | -$36M |
|
|
45
Molson Coors Class B
TAP
$7.68B
| – | – |
-1,700,000
| Closed | -$165M |
|
46
TransDigm Group
TDG
$69.2B
| – | – |
-250,000
| Closed | -$62.2M |
|
47
Union Pacific
UNP
$182B
| – | – |
-1,150,000
| Closed | -$119M |
|
|
SWN
48
DELISTED
Southwestern Energy Company
SWN
| – | – |
-5,000,000
| Closed | -$54.1M |
|
|
HDS
49
DELISTED
HD Supply Holdings, Inc.
HDS
| – | – |
-2,250,000
| Closed | -$95.6M |
|
|
MON
50
DELISTED
Monsanto Co
MON
| – | – |
-1,100,000
| Closed | -$116M |
|
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Third Point's Q1 2017 Portfolio in Review
As of Q1 2017, Third Point held 51 positions worth $10.2B, up 0.59% from $10.2B the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Third Point withdrew a net $925M in Q1 2017, closing 13 positions and reducing 15 holdings. Its most notable exit was Apple, an estimated $214M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 30% of assets, down from 32% a quarter earlier, followed by Communication Services and Materials.
Against the trend, Third Point opened a new position in T-Mobile US worth $323M.
- Third Point's largest Q1 2017 buy was T-Mobile US: 5,000,000 shares worth $323M.
- Third Point added most to Rice Energy Inc. in Q1 2017, an estimated $48.8M increase.
- Third Point's biggest Q1 2017 reduction was Humana, cutting an estimated $305M.
- Third Point fully exited Apple in Q1 2017, selling an estimated $214M.
- Third Point's ten largest holdings make up 61% of its $10.2B portfolio in Q1 2017.
- Third Point opened 13 new positions and closed 13 in Q1 2017.
- Third Point's portfolio value rose 0.59% quarter-over-quarter to $10.2B.
Based on Third Point's 13F filing for Q1 2017, filed 12 May 2017.