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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
-12.29%
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
$6.27B
AUM Growth
-$2.43B
Cap. Flow
-$1.43B
Cap. Flow %
-22.81%
Top 10 Hldgs %
68.99%
Holding
43
New
6
Increased
5
Reduced
13
Closed
13

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$281M
2
CNC icon
Centene
CNC
+$250M
3
DIS icon
Walt Disney
DIS
+$180M
4
RACE icon
Ferrari
RACE
+$151M
5
CHTR icon
Charter Communications
CHTR
+$147M

Top Sells

Rank Stock Value
1
CPB icon
Campbell Soup
CPB
+$712M
2
BAX icon
Baxter International
BAX
+$511M
3
BSX icon
Boston Scientific
BSX
+$226M
4
FOXA icon
Fox Class A
FOXA
+$185M
5
RTX icon
RTX Corp
RTX
+$162M

Sector Composition

Rank Sector Weight
1 Healthcare 46.04%
2 Technology 17.33%
3 Consumer Discretionary 15.28%
4 Industrials 8.04%
5 Financials 6.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SONY icon
26
Sony
SONY
$123B
$39.9M 0.64%
3,375,000
-4,125,000
-55% -$54.1M
KDMN
27
DELISTED
Kadmon Holdings, Inc.
KDMN
$39.4M 0.63%
9,407,745
– –
BMY.RT
28
DELISTED
Bristol-Myers Squibb Company Contingent Value Rights
BMY.RT
$26.6M 0.42%
7,000,000
– –
RPLA.U
29
DELISTED
Replay Acquisition Corp.
RPLA.U
$9.81M 0.16%
1,000,000
– –
SHY icon
30
iShares 1-3 Year Treasury Bond ETF
SHY
$25.4B
$4.11M 0.07%
47,424
+5,115
+12% +$437K
BSX icon
31
Boston Scientific
BSX
$65.8B
– –
-5,000,000
Closed -$226M
CCO icon
32
Clear Channel Outdoor Holdings
CCO
$1.23B
– –
-250,000
Closed -$715K
CNNE icon
33
Cannae Holdings
CNNE
$647M
– –
-175,000
Closed -$6.51M
CPB icon
34
Campbell Soup
CPB
$6.51B
– –
-14,400,000
Closed -$712M
FIVE icon
35
Five Below
FIVE
$11.2B
– –
-1,200,000
Closed -$153M
FOXA icon
36
Fox Class A
FOXA
$23.2B
– –
-5,000,000
Closed -$185M
GO icon
37
Grocery Outlet
GO
$891M
– –
-1,150,000
Closed -$37.3M
PARA
38
DELISTED
Paramount Global Class B
PARA
– –
-2,750,000
Closed -$115M
SCHW
39
Charles Schwab
SCHW
$177B
– –
-1,000,000
Closed -$47.6M
XP icon
40
XP
XP
$8.62B
– –
-800,000
Closed -$30.8M
BKI
41
DELISTED
Black Knight, Inc. Common Stock
BKI
– –
-1,900,000
Closed -$123M
AMTD
42
DELISTED
TD Ameritrade Holding Corp
AMTD
– –
-3,000,000
Closed -$149M
GTT
43
DELISTED
GTT Communications, Inc.
GTT
– –
-1,520,000
Closed -$17.3M
1
2

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Third Point's Q1 2020 Portfolio in Review

As of Q1 2020, Third Point held 43 positions worth $6.27B, down 28% from $8.7B the previous quarter. Its ten largest holdings account for 69% of the portfolio.

Third Point withdrew a net $1.43B in Q1 2020, closing 13 positions and reducing 13 holdings. Its most notable exit was Campbell Soup, an estimated $712M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 46% of assets, up from 41% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Third Point opened a new position in Walt Disney worth $138M.

  • Third Point's largest Q1 2020 buy was Walt Disney: 1,425,000 shares worth $138M.
  • Third Point added most to Amazon in Q1 2020, an estimated $281M increase.
  • Third Point's biggest Q1 2020 reduction was Baxter International, cutting an estimated $511M.
  • Third Point fully exited Campbell Soup in Q1 2020, selling an estimated $712M.
  • Third Point's ten largest holdings make up 69% of its $6.27B portfolio in Q1 2020.
  • Third Point opened 6 new positions and closed 13 in Q1 2020.
  • Third Point's portfolio value fell 28% quarter-over-quarter to $6.27B.

Based on Third Point's 13F filing for Q1 2020, filed 15 May 2020.