Third Point Portfolio holdings
Third Point is a hedge fund firm founded in 1995 by Daniel Loeb, who is its principal owner and chief executive. Its main strategy is event-driven investing across many industries, regions and asset classes, and its funds also buy stressed and distressed securities. In 2013 Loeb called for the resignation of William Ruprecht, the chairman and chief executive of Sotheby's, who announced his resignation in 2014. Third Point Ventures is the venture capital arm of Third Point, and the firm has also bought Birch Grove, a credit asset manager. Its investors include corporate and public pension funds, sovereign wealth funds, endowments, foundations and high net worth individuals.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$340M |
| 2 |
SHPG
Shire pic
SHPG
|
+$188M |
| 3 |
WP
Worldpay, Inc.
WP
|
+$187M |
| 4 |
Marathon Petroleum
MPC
|
+$147M |
| 5 |
Dover
DOV
|
+$142M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$247M |
| 2 |
General Dynamics
GD
|
+$238M |
| 3 |
Humana
HUM
|
+$180M |
| 4 |
Charter Communications
CHTR
|
+$168M |
| 5 |
Hewlett Packard
HPE
|
+$116M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 28.99% |
| 2 | Materials | 14.57% |
| 3 | Consumer Discretionary | 12.13% |
| 4 | Financials | 11.98% |
| 5 | Communication Services | 11.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
26
Dover
DOV
$27.1B
| $151M | 1.27% |
+2,042,700
| New | +$142M |
2017 Q3
0 quarters
|
|
|
PE
27
DELISTED
PARSLEY ENERGY INC
PE
| $141M | 1.18% |
5,350,000
+850,000
| +19% | +$22.4M |
2017 Q1
2 quarters
|
|
|
ALXN
28
DELISTED
Alexion Pharmaceuticals
ALXN
| $140M | 1.18% |
1,000,000
-250,000
| -20% | -$34M |
2017 Q2
1 quarter
|
|
29
Banco Macro
BMA
$3.69B
| $103M | 0.86% |
875,000
-25,000
| -3% | -$2.43M |
2017 Q2
1 quarter
|
|
30
Macerich
MAC
$7.04B
| $94.9M | 0.8% |
+1,726,000
| New | +$96.8M |
2017 Q3
0 quarters
|
|
31
Galicia Financial Group
GGAL
$4.73B
| $86.3M | 0.73% |
+1,675,000
| New | +$71.7M |
2017 Q3
0 quarters
|
|
32
Green Brick Partners
GRBK
$2.75B
| $80M | 0.67% |
8,083,022
| – | – |
2013 Q2
17 quarters
|
|
|
AABA
33
DELISTED
Altaba Inc
AABA
| $49.7M | 0.42% |
+750,000
| New | +$46M |
2017 Q3
0 quarters
|
|
34
Grupo Supervielle
SUPV
$493M
| $37M | 0.31% |
+1,500,000
| New | +$29.5M |
2017 Q3
0 quarters
|
|
|
KDMN
35
DELISTED
Kadmon Holdings, Inc.
KDMN
| $31.5M | 0.26% |
9,407,745
| – | – |
2016 Q3
4 quarters
|
|
36
DELISTED
Exela Technologies, Inc. Common Stock
XELA
| $6.48M | 0.05% |
+113
| New | +$8.74M |
2017 Q3
0 quarters
|
|
37
Pampa Energía
PAM
$3.41B
| $5.5M | 0.05% |
+85,000
| New | +$4.98M |
2017 Q3
0 quarters
|
|
|
38
Charter Communications
CHTR
$13.5B
| – | – |
-500,000
| Closed | -$168M | – |
|
39
EQT Corp
EQT
$30.9B
| – | – |
-1,515,525
| Closed | -$48.3M | – |
|
|
40
General Dynamics
GD
$95.7B
| – | – |
-1,200,000
| Closed | -$238M | – |
|
|
41
Hewlett Packard
HPE
$59.4B
| – | – |
-9,023,000
| Closed | -$116M | – |
|
|
42
Humana
HUM
$52.1B
| – | – |
-750,000
| Closed | -$180M | – |
|
Similar funds
Third Point's Q3 2017 Portfolio in Review
As of Q3 2017, Third Point held 42 positions worth $11.9B, up 5.4% from $11.3B the previous quarter. Its ten largest holdings account for 65% of the portfolio.
Third Point's Q3 2017 filing shows 10 new, 6 increased, 10 reduced and 5 closed positions. Its largest new stake was Shire pic: 1,200,000 shares worth $184M. The largest sale was Alphabet (Google) Class A, an estimated $247M.
By sector, the portfolio is most concentrated in Healthcare at 29% of assets, down from 30% a quarter earlier, followed by Materials and Consumer Discretionary.
- Third Point's largest Q3 2017 buy was Shire pic: 1,200,000 shares worth $184M.
- Third Point added most to Alibaba in Q3 2017, an estimated $340M increase.
- Third Point's biggest Q3 2017 reduction was Alphabet (Google) Class A, cutting an estimated $247M.
- Third Point fully exited General Dynamics in Q3 2017, selling an estimated $238M.
- Third Point's ten largest holdings make up 65% of its $11.9B portfolio in Q3 2017.
- Third Point opened 10 new positions and closed 5 in Q3 2017.
- Third Point's portfolio value rose 5.4% quarter-over-quarter to $11.9B.
Based on Third Point's 13F filing for Q3 2017, filed 9 Nov 2017.