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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%
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
$6.81B
AUM Growth
+$1.01B
Cap. Flow
+$961M
Cap. Flow %
14.12%
Top 10 Hldgs %
44.09%
Holding
67
New
22
Increased
8
Reduced
11
Closed
20

Top Buys

Rank Stock Value
1
AGN
Allergan plc
AGN
+$495M
2
CF icon
CF Industries
CF
+$235M
3
VZ icon
Verizon
VZ
+$166M
4
ROP icon
Roper Technologies
ROP
+$157M
5
CTXS
Citrix Systems Inc
CTXS
+$151M

Top Sells

Rank Stock Value
1
YHOO
Yahoo Inc
YHOO
+$324M
2
LBTYA icon
Liberty Global Class A
LBTYA
+$160M
3
ABT icon
Abbott
ABT
+$125M
4
BEAV
B/E Aerospace Inc
BEAV
+$117M
5
GILD icon
Gilead Sciences
GILD
+$113M

Sector Composition

Rank Sector Weight
1 Communication Services 15.88%
2 Industrials 13.5%
3 Energy 10.15%
4 Materials 9.95%
5 Consumer Staples 9.76%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AGN
1
DELISTED
Allergan plc
AGN
$515M 7.56%
+2,500,000
New +$495M
DD icon
2
DuPont de Nemours
DD
$18.6B
$351M 5.16%
2,853,016
-197,441
-6% -$23.3M
TMUS icon
3
T-Mobile US
TMUS
$193B
$314M 4.61%
9,500,000
+1,875,000
+25% +$59.4M
AIG icon
4
American International
AIG
$41.9B
$300M 4.41%
6,000,000
-1,500,000
-20% -$74.6M
BID
5
DELISTED
Sotheby's
BID
$290M 4.25%
6,650,000
+300,000
+5% +$14.4M
FDX icon
6
FedEx
FDX
$74.5B
$265M 3.89%
2,000,000
-500,000
-20% -$67.9M
XLI icon
7
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.9B
$262M 3.84%
+5,000,000
New +$257M
CF icon
8
CF Industries
CF
$19.2B
$252M 3.7%
+4,832,500
New +$235M
GOOG icon
9
Alphabet (Google) Class C
GOOG
$3.9T
$234M 3.44%
8,431,485
+2,007,496
+31% +$58.5M
LBTYK icon
10
Liberty Global Class C
LBTYK
$3.25B
$220M 3.23%
6,674,918
+4,449,945
+200% +$149M
WMB icon
11
Williams Companies
WMB
$90.5B
$203M 2.98%
5,000,000
+750,000
+18% +$30.4M
VZ icon
12
Verizon
VZ
$194B
$166M 2.45%
+3,500,000
New +$166M
DG icon
13
Dollar General
DG
$25.9B
$166M 2.44%
3,000,000
+750,000
+33% +$43.6M
LNG icon
14
Cheniere Energy
LNG
$56.5B
$166M 2.44%
3,000,000
-200,000
-6% -$9.59M
STZ icon
15
Constellation Brands
STZ
$22.2B
$166M 2.43%
1,950,000
-50,000
-3% -$3.98M
HRI icon
16
Herc Holdings
HRI
$5.43B
$160M 2.35%
2,000,000
– –
ROP icon
17
Roper Technologies
ROP
$36.3B
$154M 2.26%
+1,150,000
New +$157M
CTRA
18
DELISTED
Coterra Energy
CTRA
$152M 2.24%
4,500,000
+1,500,000
+50% +$55.4M
CTXS
19
DELISTED
Citrix Systems Inc
CTXS
$146M 2.15%
+3,202,290
New +$151M
APC
20
DELISTED
Anadarko Petroleum
APC
$144M 2.12%
1,700,000
-405,000
-19% -$33.2M
BUD icon
21
AB InBev
BUD
$158B
$142M 2.09%
+1,350,000
New +$137M
CCEP icon
22
Coca-Cola Europacific Partners
CCEP
$46.5B
$139M 2.03%
2,900,000
-200,000
-6% -$9.11M
IP icon
23
CALL
International Paper
IP
$22.3B
$138M 2.02%
3,212,352
– –
IP icon
24
International Paper
IP
$22.3B
$138M 2.02%
3,212,352
-1,070,784
-25% -$47.6M
CCK icon
25
Crown Holdings
CCK
$12.8B
$134M 1.97%
3,000,000
– –
1
2 3

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TA
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AG
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NSUP
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ACG
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DDPIC
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NSCM
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Third Point's Q1 2014 Portfolio in Review

As of Q1 2014, Third Point held 67 positions worth $6.81B, up 17% from $5.8B the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Third Point deployed $961M of net new capital in Q1 2014, opening 22 new positions and adding to 8 existing holdings. Its largest new stake was Allergan plc: 2,500,000 shares worth $515M.

By sector, the portfolio is most concentrated in Communication Services at 16% of assets, up from 13% a quarter earlier, followed by Industrials and Energy.

On the sell side, the largest reduction was American International, an estimated $74.6M trimmed.

  • Third Point's largest Q1 2014 buy was Allergan plc: 2,500,000 shares worth $515M.
  • Third Point added most to Liberty Global Class C in Q1 2014, an estimated $149M increase.
  • Third Point's biggest Q1 2014 reduction was American International, cutting an estimated $74.6M.
  • Third Point fully exited Yahoo Inc in Q1 2014, selling an estimated $324M.
  • Third Point's ten largest holdings make up 44% of its $6.81B portfolio in Q1 2014.
  • Third Point opened 22 new positions and closed 20 in Q1 2014.
  • Third Point's portfolio value rose 17% quarter-over-quarter to $6.81B.

Based on Third Point's 13F filing for Q1 2014, filed 15 May 2014.