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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
+2.88%
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
$8.42B
AUM Growth
-$122M
(-1.4%)
Cap. Flow
-$282M
Cap. Flow
% of AUM
-3.35%
Top 10 Holdings %
Top 10 Hldgs %
70.25%
Holding
53
New
11
Increased
5
Reduced
9
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$587M |
| 2 |
Fidelity National Information Services
FIS
|
+$332M |
| 3 |
Salesforce
CRM
|
+$182M |
| 4 |
Burlington
BURL
|
+$147M |
| 5 |
Five Below
FIVE
|
+$103M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Baxter International
BAX
|
+$525M |
| 2 |
WP
Worldpay, Inc.
WP
|
+$270M |
| 3 |
Marathon Petroleum
MPC
|
+$224M |
| 4 |
Netflix
NFLX
|
+$184M |
| 5 |
Ross Stores
ROST
|
+$164M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 39.63% |
| 2 | Technology | 17.52% |
| 3 | Industrials | 14.71% |
| 4 | Consumer Staples | 9.67% |
| 5 | Financials | 8.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HDS
26
DELISTED
HD Supply Holdings, Inc.
HDS
| $39.2M | 0.47% |
+1,000,000
| New | +$39.2M |
|
|
ZEN
27
DELISTED
ZENDESK INC
ZEN
| $36.4M | 0.43% |
+500,000
| New | +$41.2M |
|
|
ANSS
28
DELISTED
Ansys
ANSS
| $34.8M | 0.41% |
+157,300
| New | +$33.1M |
|
29
GoDaddy
GDDY
$12.3B
| $33M | 0.39% |
+500,000
| New | +$33.9M |
|
|
GTT
30
DELISTED
GTT Communications, Inc.
GTT
| $28.9M | 0.34% |
3,065,078
| – | – |
|
|
KDMN
31
DELISTED
Kadmon Holdings, Inc.
KDMN
| $23.7M | 0.28% |
9,407,745
| – | – |
|
32
Envista
NVST
$4.28B
| $22.3M | 0.27% |
+800,000
| New | +$22.3M |
|
33
Tradeweb Markets
TW
$21.3B
| $15.7M | 0.19% |
425,000
-575,000
| -58% | -$25.4M |
|
34
Clear Channel Outdoor Holdings
CCO
$1.23B
| $13.2M | 0.16% |
5,250,000
-2,750,000
| -34% | -$8.63M |
|
|
SDC
35
DELISTED
SmileDirectClub, Inc. Class A Common Stock
SDC
| $10.4M | 0.12% |
+750,000
| New | +$12.5M |
|
|
RPLA.U
36
DELISTED
Replay Acquisition Corp.
RPLA.U
| $10.3M | 0.12% |
1,000,000
| – | – |
|
37
Afya
AFYA
$1.27B
| $10.3M | 0.12% |
+400,000
| New | +$10.3M |
|
38
Grocery Outlet
GO
$891M
| $6.24M | 0.07% |
180,000
| – | – |
|
39
iShares 1-3 Year Treasury Bond ETF
SHY
$25.4B
| $3.34M | 0.04% |
39,364
+5,935
| +18% | +$503K |
|
40
Essential Properties Realty Trust
EPRT
$6.99B
| $204K | ﹤0.01% |
+10,000
| New | +$215K |
|
41
Chemours
CC
$2.59B
| – | – |
-4,375,000
| Closed | -$105M |
|
42
CrowdStrike
CRWD
$187B
| – | – |
-400,000
| Closed | -$6.83M |
|
|
43
Marathon Petroleum
MPC
$90.3B
| – | – |
-4,000,000
| Closed | -$224M |
|
|
44
Netflix
NFLX
$292B
| – | – |
-5,000,000
| Closed | -$184M |
|
45
Pinterest
PINS
$12.4B
| – | – |
-1,355,000
| Closed | -$36.9M |
|
46
Parsons
PSN
$6.28B
| – | – |
-300,000
| Closed | -$11.1M |
|
|
47
Ross Stores
ROST
$76.6B
| – | – |
-1,650,000
| Closed | -$164M |
|
48
Twilio
TWLO
$29.1B
| – | – |
-150,000
| Closed | -$20.5M |
|
49
VICI Properties
VICI
$29.4B
| – | – |
-193,500
| Closed | -$4.26M |
|
50
Expro Ltd
XPRO
$1.79B
| – | – |
-12,500
| Closed | -$410K |
|
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Third Point's Q3 2019 Portfolio in Review
As of Q3 2019, Third Point held 53 positions worth $8.42B, down 1.4% from $8.54B the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Third Point withdrew a net $282M in Q3 2019, closing 13 positions and reducing 9 holdings. Its most notable exit was Worldpay, Inc., an estimated $270M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 40% of assets, up from 36% a quarter earlier, followed by Technology and Industrials.
Against the trend, Third Point opened a new position in Allergan plc worth $606M.
- Third Point's largest Q3 2019 buy was Allergan plc: 3,600,000 shares worth $606M.
- Third Point added most to Salesforce in Q3 2019, an estimated $182M increase.
- Third Point's biggest Q3 2019 reduction was Baxter International, cutting an estimated $525M.
- Third Point fully exited Worldpay, Inc. in Q3 2019, selling an estimated $270M.
- Third Point's ten largest holdings make up 70% of its $8.42B portfolio in Q3 2019.
- Third Point opened 11 new positions and closed 13 in Q3 2019.
- Third Point's portfolio value fell 1.4% quarter-over-quarter to $8.42B.
Based on Third Point's 13F filing for Q3 2019, filed 14 Nov 2019.