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Third Point Portfolio holdings

AUM $2.08B
1-Year Est. Return 27.04%
This Fund
S&P 500
This Quarter Est. Return
+18.29%
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
$8.99B
AUM Growth
+$2.49B
Cap. Flow
+$1.41B
Cap. Flow %
15.67%
Top 10 Hldgs %
70.4%
Holding
35
New
13
Increased
1
Reduced
7
Closed
4

Top Buys

Rank Stock Value
1
RTX icon
RTX Corp
RTX
+$782M
2
FOXA icon
Fox Class A
FOXA
+$380M
3
MPC icon
Marathon Petroleum
MPC
+$220M
4
BSX icon
Boston Scientific
BSX
+$191M
5
CELG
Celgene Corp
CELG
+$153M

Top Sells

Rank Stock Value
1
SHPG
Shire pic
SHPG
+$299M
2
MRK icon
Merck
MRK
+$212M
3
AXP icon
American Express
AXP
+$147M
4
STZ icon
Constellation Brands
STZ
+$118M
5
CI icon
Cigna
CI
+$109M

Sector Composition

Rank Sector Weight
1 Healthcare 38.27%
2 Industrials 12.08%
3 Consumer Staples 10.95%
4 Financials 10.25%
5 Technology 8.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SONY icon
26
Sony
SONY
$123B
$63.4M 0.7%
+7,500,000
New +$70.2M
ENOV icon
27
Enovis
ENOV
$1.56B
$59.4M 0.66%
+1,162,000
New +$50.9M
MSFT icon
28
Microsoft
MSFT
$2.84T
$59M 0.66%
+500,000
New +$54.6M
FPAC.U
29
DELISTED
Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00
FPAC.U
$41.6M 0.46%
4,000,000
– –
KDMN
30
DELISTED
Kadmon Holdings, Inc.
KDMN
$24.8M 0.28%
9,407,745
– –
SHY icon
31
iShares 1-3 Year Treasury Bond ETF
SHY
$25.4B
$3.22M 0.04%
38,260
-1,636
-4% -$137K
CI icon
32
Cigna
CI
$76.6B
– –
-575,000
Closed -$109M
DOV icon
33
Dover
DOV
$27.2B
– –
-615,000
Closed -$43.6M
MRK icon
34
Merck
MRK
$324B
– –
-2,908,200
Closed -$212M
SHPG
35
DELISTED
Shire pic
SHPG
– –
-1,719,413
Closed -$299M
1
2

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Third Point's Q1 2019 Portfolio in Review

As of Q1 2019, Third Point held 35 positions worth $8.99B, up 38% from $6.51B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

Third Point deployed $1.41B of net new capital in Q1 2019, opening 13 new positions and adding to 1 existing holding. Its largest new stake was RTX Corp: 10,296,720 shares worth $835M.

By sector, the portfolio is most concentrated in Healthcare at 38% of assets, down from 46% a quarter earlier, followed by Industrials and Consumer Staples.

On the sell side, the largest reduction was American Express, an estimated $147M trimmed.

  • Third Point's largest Q1 2019 buy was RTX Corp: 10,296,720 shares worth $835M.
  • Third Point added most to Danaher in Q1 2019, an estimated $69.4M increase.
  • Third Point's biggest Q1 2019 reduction was American Express, cutting an estimated $147M.
  • Third Point fully exited Shire pic in Q1 2019, selling an estimated $299M.
  • Third Point's ten largest holdings make up 70% of its $8.99B portfolio in Q1 2019.
  • Third Point opened 13 new positions and closed 4 in Q1 2019.
  • Third Point's portfolio value rose 38% quarter-over-quarter to $8.99B.

Based on Third Point's 13F filing for Q1 2019, filed 15 May 2019.