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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
+5.93%
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
$8.54B
AUM Growth
-$455M
(-5.1%)
Cap. Flow
-$795M
Cap. Flow
% of AUM
-9.31%
Top 10 Holdings %
Top 10 Hldgs %
69.23%
Holding
47
New
16
Increased
9
Reduced
5
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Centene
CNC
|
+$135M |
| 2 |
Burlington
BURL
|
+$114M |
| 3 |
GTT
GTT Communications, Inc.
GTT
|
+$94.7M |
| 4 |
Chemours
CC
|
+$70M |
| 5 |
Tradeweb Markets
TW
|
+$41.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$466M |
| 2 |
Baxter International
BAX
|
+$388M |
| 3 |
Constellation Brands
STZ
|
+$184M |
| 4 |
CELG
Celgene Corp
CELG
|
+$165M |
| 5 |
American Express
AXP
|
+$164M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 36.47% |
| 2 | Industrials | 13.68% |
| 3 | Technology | 11.15% |
| 4 | Financials | 10.28% |
| 5 | Consumer Staples | 8.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
GTT
26
DELISTED
GTT Communications, Inc.
GTT
| $53.9M | 0.63% |
+3,065,078
| New | +$94.7M |
|
|
27
Tradeweb Markets
TW
$21.3B
| $43.8M | 0.51% |
+1,000,000
| New | +$41.7M |
|
|
FPAC.U
28
DELISTED
Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00
FPAC.U
| $42.7M | 0.5% |
4,000,000
| – | – |
|
29
Americold
COLD
$4.09B
| $41.5M | 0.49% |
+1,280,000
| New | +$40.6M |
|
30
Clear Channel Outdoor Holdings
CCO
$1.23B
| $37.8M | 0.44% |
+8,000,000
| New | +$40.9M |
|
31
Pinterest
PINS
$12.4B
| $36.9M | 0.43% |
+1,355,000
| New | +$37M |
|
32
Twilio
TWLO
$29.1B
| $20.5M | 0.24% |
+150,000
| New | +$20M |
|
|
KDMN
33
DELISTED
Kadmon Holdings, Inc.
KDMN
| $19.4M | 0.23% |
9,407,745
| – | – |
|
34
Zoom
ZM
$25.8B
| $17.8M | 0.21% |
+200,500
| New | +$16.5M |
|
35
Parsons
PSN
$6.28B
| $11.1M | 0.13% |
+300,000
| New | +$9.83M |
|
|
RPLA.U
36
DELISTED
Replay Acquisition Corp.
RPLA.U
| $10M | 0.12% |
+1,000,000
| New | +$10M |
|
37
CrowdStrike
CRWD
$187B
| $6.83M | 0.08% |
+400,000
| New | +$6.8M |
|
38
Grocery Outlet
GO
$891M
| $5.92M | 0.07% |
+180,000
| New | +$5.56M |
|
39
VICI Properties
VICI
$29.4B
| $4.26M | 0.05% |
+193,500
| New | +$4.32M |
|
40
iShares 1-3 Year Treasury Bond ETF
SHY
$25.4B
| $2.83M | 0.03% |
33,429
-4,831
| -13% | -$407K |
|
|
LINX
41
DELISTED
Linx S.A.
LINX
| $1.83M | 0.02% |
+200,451
| New | +$1.81M |
|
42
Expro Ltd
XPRO
$1.79B
| $410K | ﹤0.01% |
+12,500
| New | +$452K |
|
|
43
American Express
AXP
$223B
| – | – |
-1,500,000
| Closed | -$164M |
|
|
44
DuPont de Nemours
DD
$18.6B
| – | – |
-3,453,235
| Closed | -$466M |
|
45
PUT
International Flavors & Fragrances
IFF
$19.4B
| – | – |
-500,000
| Closed | -$64.4M |
|
|
46
Constellation Brands
STZ
$22.2B
| – | – |
-1,050,000
| Closed | -$184M |
|
|
CELG
47
DELISTED
Celgene Corp
CELG
| – | – |
-1,750,000
| Closed | -$165M |
|
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Third Point's Q2 2019 Portfolio in Review
As of Q2 2019, Third Point held 47 positions worth $8.54B, down 5.1% from $8.99B the previous quarter. Its ten largest holdings account for 69% of the portfolio.
Third Point withdrew a net $795M in Q2 2019, closing 5 positions and reducing 5 holdings. Its most notable exit was DuPont de Nemours, an estimated $466M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 36% of assets, down from 38% a quarter earlier, followed by Industrials and Technology.
Against the trend, Third Point opened a new position in Centene worth $131M.
- Third Point's largest Q2 2019 buy was Centene: 2,500,000 shares worth $131M.
- Third Point added most to Chemours in Q2 2019, an estimated $70M increase.
- Third Point's biggest Q2 2019 reduction was Baxter International, cutting an estimated $388M.
- Third Point fully exited DuPont de Nemours in Q2 2019, selling an estimated $466M.
- Third Point's ten largest holdings make up 69% of its $8.54B portfolio in Q2 2019.
- Third Point opened 16 new positions and closed 5 in Q2 2019.
- Third Point's portfolio value fell 5.1% quarter-over-quarter to $8.54B.
Based on Third Point's 13F filing for Q2 2019, filed 13 Aug 2019.