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TP
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 | |
|---|---|---|---|---|---|---|
|
1
Amgen
AMGN
$203B
| $1.38B | 12.94% |
9,000,000
-1,000,000
| -10% | -$160M |
|
2
DuPont de Nemours
DD
$18.6B
| $1.18B | 11.02% |
9,082,266
+394,882
| +5% | +$51.2M |
|
|
AGN
3
DELISTED
Allergan plc
AGN
| $1B | 9.38% |
3,300,000
-275,000
| -8% | -$82M |
|
4
eBay
EBAY
$48.6B
| $482M | 4.51% |
19,008,000
-2,376,000
| -11% | -$59.3M |
|
5
Mohawk Industries
MHK
$6.9B
| $458M | 4.29% |
2,400,000
+575,000
| +32% | +$106M |
|
|
SUNE
6
DELISTED
SUNEDISON, INC COM
SUNE
| $371M | 3.47% |
12,400,000
+2,400,000
| +24% | +$68.4M |
|
7
Yum! Brands
YUM
$41B
| $322M | 3.02% |
4,972,825
+382,525
| +8% | +$24.2M |
|
|
BID
8
DELISTED
Sotheby's
BID
| $301M | 2.82% |
6,650,000
| – | – |
|
|
9
Baxter International
BAX
$11.6B
| $276M | 2.59% |
+7,271,950
| New | +$272M |
|
10
Phillips 66
PSX
$82.9B
| $262M | 2.45% |
3,250,000
-750,000
| -19% | -$59.6M |
|
11
Roper Technologies
ROP
$36.3B
| $259M | 2.42% |
1,500,000
-100,000
| -6% | -$17.3M |
|
12
Liberty Global Class C
LBTYK
$3.25B
| $253M | 2.37% |
6,180,480
-988,877
| -14% | -$41M |
|
|
13
T-Mobile US
TMUS
$193B
| $252M | 2.36% |
+6,500,000
| New | +$233M |
|
|
SEE
14
DELISTED
Sealed Air
SEE
| $249M | 2.33% |
+4,850,000
| New | +$233M |
|
|
15
Ally Financial
ALLY
$13.1B
| $224M | 2.1% |
10,000,000
-16,000,000
| -62% | -$353M |
|
|
16
Devon Energy
DVN
$51.9B
| $223M | 2.09% |
+3,750,000
| New | +$242M |
|
17
Constellation Brands
STZ
$22.2B
| $220M | 2.06% |
1,900,000
-100,000
| -5% | -$11.8M |
|
|
PPLI
18
People Inc
PPLI
$3.1B
| $219M | 2.05% |
15,387,371
+2,042,324
| +15% | +$27.1M |
|
19
American International
AIG
$41.9B
| $216M | 2.03% |
3,500,000
| – | – |
|
20
AB InBev
BUD
$158B
| $211M | 1.98% |
1,750,000
-250,000
| -13% | -$30.7M |
|
21
NXP Semiconductors
NXPI
$68B
| $206M | 1.93% |
2,100,000
+506,800
| +32% | +$52M |
|
|
22
CALL
eBay
EBAY
$48.6B
| $181M | 1.69% |
7,128,000
+1,188,000
| +20% | +$29.6M |
|
23
FedEx
FDX
$74.5B
| $170M | 1.6% |
1,000,000
+100,000
| +11% | +$17.4M |
|
24
J.M. Smucker
SJM
$12.6B
| $157M | 1.47% |
1,450,000
+300,000
| +26% | +$34.7M |
|
|
25
CALL
AB InBev
BUD
$158B
| $151M | 1.41% |
1,250,000
+500,000
| +67% | +$61.4M |
|
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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.