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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
+2.9%
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
$13.3B
AUM Growth
-$536M
(-3.9%)
Cap. Flow
-$684M
Cap. Flow
% of AUM
-5.14%
Top 10 Holdings %
Top 10 Hldgs %
62.85%
Holding
56
New
12
Increased
8
Reduced
14
Closed
16
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTX Corp
RTX
|
+$932M |
| 2 |
Wynn Resorts
WYNN
|
+$265M |
| 3 |
Dover
DOV
|
+$230M |
| 4 |
Electronic Arts
EA
|
+$152M |
| 5 |
PagSeguro Digital
PAGS
|
+$146M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$377M |
| 2 |
AET
Aetna Inc
AET
|
+$334M |
| 3 |
Blackrock
BLK
|
+$255M |
| 4 |
NXP Semiconductors
NXPI
|
+$252M |
| 5 |
FMC
FMC
|
+$208M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 21.56% |
| 2 | Communication Services | 14.85% |
| 3 | Consumer Discretionary | 12.78% |
| 4 | Industrials | 12.66% |
| 5 | Materials | 11.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Galicia Financial Group
GGAL
$7.92B
| $118M | 0.88% |
1,790,000
-35,000
| -2% | -$2.3M |
|
|
MON
27
CALL
DELISTED
Monsanto Co
MON
| $117M | 0.88% |
+1,000,000
| New | +$120M |
|
28
Green Brick Partners
GRBK
$3.13B
| $88.1M | 0.66% |
8,083,022
| – | – |
|
29
Adobe
ADBE
$89.5B
| $86.4M | 0.65% |
+400,000
| New | +$81.3M |
|
30
Pampa Energía
PAM
$4.64B
| $65.6M | 0.49% |
1,100,000
-525,000
| -32% | -$34.2M |
|
|
BKI
31
DELISTED
Black Knight, Inc. Common Stock
BKI
| $58.9M | 0.44% |
+1,250,000
| New | +$60.6M |
|
32
Salesforce
CRM
$134B
| $52.3M | 0.39% |
+450,000
| New | +$51.7M |
|
33
Microsoft
MSFT
$2.84T
| $50.2M | 0.38% |
+550,000
| New | +$50.3M |
|
|
SUPV
34
Grupo Supervielle
SUPV
$833M
| $44.6M | 0.33% |
1,470,000
-30,000
| -2% | -$919K |
|
35
PBF Energy
PBF
$7.29B
| $42.4M | 0.32% |
+1,250,000
| New | +$40.3M |
|
|
KDMN
36
DELISTED
Kadmon Holdings, Inc.
KDMN
| $40M | 0.3% |
9,407,745
| – | – |
|
37
Nexa Resources
NEXA
$1.7B
| $37.9M | 0.28% |
2,164,000
-836,000
| -28% | -$16.4M |
|
38
Mercado Libre
MELI
$91.3B
| $35.6M | 0.27% |
+100,000
| New | +$36.6M |
|
|
MON
39
DELISTED
Monsanto Co
MON
| $23.3M | 0.18% |
200,000
| – | – |
|
40
iShares 1-3 Year Treasury Bond ETF
SHY
$25.4B
| $2.9M | 0.02% |
34,695
+24,700
| +247% | +$2.06M |
|
41
Dell
DELL
$283B
| – | – |
-8,908,095
| Closed | -$203M |
|
|
42
FMC
FMC
$1.42B
| – | – |
-2,536,600
| Closed | -$208M |
|
43
General Dynamics
GD
$105B
| – | – |
-550,000
| Closed | -$112M |
|
44
Honeywell
HON
$77B
| – | – |
-1,411,421
| Closed | -$196M |
|
45
Macerich
MAC
$7.32B
| – | – |
-1,425,000
| Closed | -$93.6M |
|
46
MGM Resorts International
MGM
$11.7B
| – | – |
-3,000,000
| Closed | -$100M |
|
|
47
NXP Semiconductors
NXPI
$68B
| – | – |
-2,150,000
| Closed | -$252M |
|
48
PG&E
PCG
$47.8B
| – | – |
-1,250,000
| Closed | -$56M |
|
49
Dentsply Sirona
XRAY
$2.59B
| – | – |
-2,000,000
| Closed | -$132M |
|
|
SWN
50
DELISTED
Southwestern Energy Company
SWN
| – | – |
-15,000,000
| Closed | -$83.7M |
|
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Third Point's Q1 2018 Portfolio in Review
As of Q1 2018, Third Point held 56 positions worth $13.3B, down 3.9% from $13.9B the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Third Point withdrew a net $684M in Q1 2018, closing 16 positions and reducing 14 holdings. Its most notable exit was Aetna Inc, an estimated $334M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 22% of assets, up from 21% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Third Point opened a new position in RTX Corp worth $893M.
- Third Point's largest Q1 2018 buy was RTX Corp: 11,281,900 shares worth $893M.
- Third Point added most to Dover in Q1 2018, an estimated $230M increase.
- Third Point's biggest Q1 2018 reduction was Alibaba, cutting an estimated $377M.
- Third Point fully exited Aetna Inc in Q1 2018, selling an estimated $334M.
- Third Point's ten largest holdings make up 63% of its $13.3B portfolio in Q1 2018.
- Third Point opened 12 new positions and closed 16 in Q1 2018.
- Third Point's portfolio value fell 3.9% quarter-over-quarter to $13.3B.
Based on Third Point's 13F filing for Q1 2018, filed 15 May 2018.