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 |
NXP Semiconductors
NXPI
|
+$1.19B |
| 2 |
PayPal
PYPL
|
+$797M |
| 3 |
Visa
V
|
+$219M |
| 4 |
Campbell Soup
CPB
|
+$216M |
| 5 |
Microsoft
MSFT
|
+$165M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$596M |
| 2 |
Intercontinental Exchange
ICE
|
+$363M |
| 3 |
Blackrock
BLK
|
+$230M |
| 4 |
Mohawk Industries
MHK
|
+$194M |
| 5 |
Meta Platforms (Facebook)
META
|
+$181M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 21.08% |
| 2 | Technology | 15.41% |
| 3 | Industrials | 12.26% |
| 4 | Financials | 11.48% |
| 5 | Communication Services | 11.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
Dell
DELL
$240B
| $169M | 1.18% |
+7,126,476
| New | +$157M |
2018 Q2
0 quarters
|
|
27
Deere & Co
DE
$186B
| $154M | 1.07% |
+1,100,000
| New | +$162M |
2018 Q2
0 quarters
|
|
28
DELISTED
Global Blue Group Holding
GB
| $153M | 1.07% |
+15,692,500
| New | +$153M |
2018 Q2
0 quarters
|
|
|
EGN
29
DELISTED
Energen
EGN
| $98.3M | 0.69% |
+1,350,000
| New | +$88.6M |
2018 Q2
0 quarters
|
|
30
PVH
PVH
$4.23B
| $93.6M | 0.65% |
+625,000
| New | +$98.4M |
2018 Q2
0 quarters
|
|
31
CALL
iShares China Large-Cap ETF
FXI
$3.85B
| $85.9M | 0.6% |
+2,000,000
| New | +$93.5M |
2018 Q2
0 quarters
|
|
32
Salesforce
CRM
$179B
| $85.2M | 0.59% |
625,000
+175,000
| +39% | +$22.3M |
2018 Q1
1 quarter
|
|
33
Camping World
CWH
$453M
| $70.6M | 0.49% |
+2,825,000
| New | +$70.4M |
2018 Q2
0 quarters
|
|
|
FPAC.U
34
DELISTED
Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00
FPAC.U
| $40.8M | 0.28% |
+4,000,000
| New | +$40.7M |
2018 Q2
0 quarters
|
|
|
KDMN
35
DELISTED
Kadmon Holdings, Inc.
KDMN
| $37.5M | 0.26% |
9,407,745
| – | – |
2016 Q3
7 quarters
|
|
36
Agilent Technologies
A
$49.1B
| $9.28M | 0.06% |
+150,000
| New | +$9.8M |
2018 Q2
0 quarters
|
|
37
iShares 1-3 Year Treasury Bond ETF
SHY
$27.4B
| $3.35M | 0.02% |
40,142
+5,447
| +16% | +$454K |
2017 Q4
2 quarters
|
|
38
Braskem
BAK
$438M
| $2.6M | 0.02% |
+100,000
| New | +$2.58M |
2018 Q2
0 quarters
|
|
39
Elevance Health
ELV
$93.5B
| – | – |
-785,000
| Closed | -$172M | – |
|
40
Galicia Financial Group
GGAL
$4.79B
| – | – |
-1,790,000
| Closed | -$118M | – |
|
|
41
Alphabet (Google) Class A
GOOGL
$3.71T
| – | – |
-11,500,000
| Closed | -$596M | – |
|
42
Green Brick Partners
GRBK
$2.6B
| – | – |
-8,083,022
| Closed | -$88.1M | – |
|
|
43
Intercontinental Exchange
ICE
$100B
| – | – |
-5,000,000
| Closed | -$363M | – |
|
44
Mercado Libre
MELI
$75.5B
| – | – |
-100,000
| Closed | -$35.6M | – |
|
|
45
Mohawk Industries
MHK
$8.59B
| – | – |
-835,000
| Closed | -$194M | – |
|
46
Nexa Resources
NEXA
$1.54B
| – | – |
-2,164,000
| Closed | -$37.9M | – |
|
47
PagSeguro Digital
PAGS
$2.18B
| – | – |
-4,550,000
| Closed | -$174M | – |
|
48
Pampa Energía
PAM
$3.43B
| – | – |
-1,100,000
| Closed | -$65.6M | – |
|
49
PBF Energy
PBF
$8.58B
| – | – |
-1,250,000
| Closed | -$42.4M | – |
|
50
Grupo Supervielle
SUPV
$508M
| – | – |
-1,470,000
| Closed | -$44.6M | – |
|
Similar funds
Third Point's Q2 2018 Portfolio in Review
As of Q2 2018, Third Point held 54 positions worth $14.4B, up 7.8% from $13.3B the previous quarter. Its ten largest holdings account for 66% of the portfolio.
Third Point deployed $923M of net new capital in Q2 2018, opening 14 new positions and adding to 8 existing holdings. Its largest new stake was NXP Semiconductors: 10,750,000 shares worth $1.17B.
By sector, the portfolio is most concentrated in Healthcare at 21% of assets, down from 22% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was Blackrock, an estimated $230M trimmed.
- Third Point's largest Q2 2018 buy was NXP Semiconductors: 10,750,000 shares worth $1.17B.
- Third Point added most to Microsoft in Q2 2018, an estimated $165M increase.
- Third Point's biggest Q2 2018 reduction was Blackrock, cutting an estimated $230M.
- Third Point fully exited Alphabet (Google) Class A in Q2 2018, selling an estimated $596M.
- Third Point's ten largest holdings make up 66% of its $14.4B portfolio in Q2 2018.
- Third Point opened 14 new positions and closed 16 in Q2 2018.
- Third Point's portfolio value rose 7.8% quarter-over-quarter to $14.4B.
Based on Third Point's 13F filing for Q2 2018, filed 10 Aug 2018.