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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
+17.54%
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
$10B
AUM Growth
+$2.69B
(+37%)
Cap. Flow
+$1.5B
Cap. Flow
% of AUM
15.04%
Top 10 Holdings %
Top 10 Hldgs %
56.81%
Holding
56
New
20
Increased
10
Reduced
6
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PG&E
PCG
|
+$787M |
| 2 |
Microsoft
MSFT
|
+$231M |
| 3 |
Fortive
FTV
|
+$217M |
| 4 |
TransDigm Group
TDG
|
+$205M |
| 5 |
Expedia Group
EXPE
|
+$146M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Baxter International
BAX
|
+$344M |
| 2 |
RTX Corp
RTX
|
+$324M |
| 3 |
Nike
NKE
|
+$123M |
| 4 |
Evergy
EVRG
|
+$88.9M |
| 5 |
ATVI
Activision Blizzard
ATVI
|
+$85.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 30.85% |
| 2 | Technology | 22.29% |
| 3 | Communication Services | 15.75% |
| 4 | Healthcare | 11.17% |
| 5 | Utilities | 7.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
51
RTX Corp
RTX
$287B
| – | – |
-5,265,000
| Closed | -$324M |
|
52
Take-Two Interactive
TTWO
$43B
| – | – |
-500,000
| Closed | -$69.8M |
|
|
GAP
53
The Gap Inc
GAP
$6.84B
| – | – |
-3,000,000
| Closed | -$37.9M |
|
|
FPAC.U
54
DELISTED
Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00
FPAC.U
| – | – |
-4,000,000
| Closed | -$41.8M |
|
|
ATVI
55
DELISTED
Activision Blizzard
ATVI
| – | – |
-1,125,429
| Closed | -$85.4M |
|
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Third Point's Q3 2020 Portfolio in Review
As of Q3 2020, Third Point held 56 positions worth $10B, up 37% from $7.3B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Third Point deployed $1.5B of net new capital in Q3 2020, opening 20 new positions and adding to 10 existing holdings. Its largest new stake was PG&E: 84,935,257 shares worth $798M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 31% of assets, up from 31% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Global Blue Group Holding, an estimated $49.1M trimmed.
- Third Point's largest Q3 2020 buy was PG&E: 84,935,257 shares worth $798M.
- Third Point added most to Alibaba in Q3 2020, an estimated $138M increase.
- Third Point's biggest Q3 2020 reduction was Global Blue Group Holding, cutting an estimated $49.1M.
- Third Point fully exited Baxter International in Q3 2020, selling an estimated $344M.
- Third Point's ten largest holdings make up 57% of its $10B portfolio in Q3 2020.
- Third Point opened 20 new positions and closed 9 in Q3 2020.
- Third Point's portfolio value rose 37% quarter-over-quarter to $10B.
Based on Third Point's 13F filing for Q3 2020, filed 13 Nov 2020.