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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
+4.22%
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
$10.7B
AUM Growth
-$142M
(-1.3%)
Cap. Flow
-$466M
Cap. Flow
% of AUM
-4.37%
Top 10 Holdings %
Top 10 Hldgs %
56.49%
Holding
58
New
17
Increased
13
Reduced
14
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Baxter International
BAX
|
+$272M |
| 2 |
Devon Energy
DVN
|
+$242M |
| 3 |
SEE
Sealed Air
SEE
|
+$233M |
| 4 |
T-Mobile US
TMUS
|
+$233M |
| 5 |
Perrigo
PRGO
|
+$114M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ally Financial
ALLY
|
+$353M |
| 2 |
Dollar General
DG
|
+$302M |
| 3 |
Amgen
AMGN
|
+$160M |
| 4 |
Sensata Technologies
ST
|
+$143M |
| 5 |
McKesson
MCK
|
+$142M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 27.4% |
| 2 | Consumer Discretionary | 14.97% |
| 3 | Materials | 11.02% |
| 4 | Technology | 9.47% |
| 5 | Communication Services | 7.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
PUT
iShares Russell 2000 ETF
IWM
$80.9B
| – | – |
-4,000,000
| Closed | -$497M |
|
52
Moelis & Co
MC
$4.98B
| – | – |
-170,523
| Closed | -$5.11M |
|
|
53
McKesson
MCK
$98.5B
| – | – |
-625,600
| Closed | -$142M |
|
54
Corpay
CPAY
$24.2B
| – | – |
-700,000
| Closed | -$106M |
|
|
MXIM
55
DELISTED
Maxim Integrated Products
MXIM
| – | – |
-3,500,000
| Closed | -$122M |
|
|
PCP
56
DELISTED
PRECISION CASTPARTS CORP
PCP
| – | – |
-500,000
| Closed | -$105M |
|
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Third Point's Q2 2015 Portfolio in Review
As of Q2 2015, Third Point held 58 positions worth $10.7B, down 1.3% from $10.8B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Third Point withdrew a net $466M in Q2 2015, closing 9 positions and reducing 14 holdings. Its most notable exit was Dollar General, an estimated $302M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 27% of assets, up from 27% a quarter earlier, followed by Consumer Discretionary and Materials.
Against the trend, Third Point opened a new position in Baxter International worth $276M.
- Third Point's largest Q2 2015 buy was Baxter International: 7,271,950 shares worth $276M.
- Third Point added most to Mohawk Industries in Q2 2015, an estimated $106M increase.
- Third Point's biggest Q2 2015 reduction was Ally Financial, cutting an estimated $353M.
- Third Point fully exited Dollar General in Q2 2015, selling an estimated $302M.
- Third Point's ten largest holdings make up 56% of its $10.7B portfolio in Q2 2015.
- Third Point opened 17 new positions and closed 9 in Q2 2015.
- Third Point's portfolio value fell 1.3% quarter-over-quarter to $10.7B.
Based on Third Point's 13F filing for Q2 2015, filed 14 Aug 2015.