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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
+2.9%
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
$13.3B
AUM Growth
-$536M
Cap. Flow
-$684M
Cap. Flow %
-5.14%
Top 10 Hldgs %
62.85%
Holding
56
New
12
Increased
8
Reduced
14
Closed
16

Top Buys

Rank Stock Value
1
RTX icon
RTX Corp
RTX
+$932M
2
WYNN icon
Wynn Resorts
WYNN
+$265M
3
DOV icon
Dover
DOV
+$230M
4
EA icon
Electronic Arts
EA
+$152M
5
PAGS icon
PagSeguro Digital
PAGS
+$146M

Top Sells

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$377M
2
AET
Aetna Inc
AET
+$334M
3
BLK icon
Blackrock
BLK
+$255M
4
NXPI icon
NXP Semiconductors
NXPI
+$252M
5
FMC icon
FMC
FMC
+$208M

Sector Composition

Rank Sector Weight
1 Healthcare 21.56%
2 Communication Services 14.85%
3 Consumer Discretionary 12.78%
4 Industrials 12.66%
5 Materials 11.44%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PE
51
DELISTED
PARSLEY ENERGY INC
PE
– –
-5,750,000
Closed -$169M
AABA
52
DELISTED
Altaba Inc
AABA
– –
-750,000
Closed -$52.4M
AET
53
DELISTED
Aetna Inc
AET
– –
-1,850,000
Closed -$334M
PF
54
DELISTED
Pinnacle Foods, Inc.
PF
– –
-1,000,000
Closed -$59.5M
RSPP
55
DELISTED
RSP Permian, Inc.
RSPP
– –
-4,600,000
Closed -$187M
TWX
56
DELISTED
Time Warner Inc
TWX
– –
-2,000,000
Closed -$188M
1 2
3

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NSUP
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DDPIC
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NSCM
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Third Point's Q1 2018 Portfolio in Review

As of Q1 2018, Third Point held 56 positions worth $13.3B, down 3.9% from $13.9B the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Third Point withdrew a net $684M in Q1 2018, closing 16 positions and reducing 14 holdings. Its most notable exit was Aetna Inc, an estimated $334M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 22% of assets, up from 21% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Third Point opened a new position in RTX Corp worth $893M.

  • Third Point's largest Q1 2018 buy was RTX Corp: 11,281,900 shares worth $893M.
  • Third Point added most to Dover in Q1 2018, an estimated $230M increase.
  • Third Point's biggest Q1 2018 reduction was Alibaba, cutting an estimated $377M.
  • Third Point fully exited Aetna Inc in Q1 2018, selling an estimated $334M.
  • Third Point's ten largest holdings make up 63% of its $13.3B portfolio in Q1 2018.
  • Third Point opened 12 new positions and closed 16 in Q1 2018.
  • Third Point's portfolio value fell 3.9% quarter-over-quarter to $13.3B.

Based on Third Point's 13F filing for Q1 2018, filed 15 May 2018.