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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
+18.29%
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
$8.99B
AUM Growth
+$2.49B
Cap. Flow
+$1.41B
Cap. Flow %
15.67%
Top 10 Hldgs %
70.4%
Holding
35
New
13
Increased
1
Reduced
7
Closed
4

Top Buys

Rank Stock Value
1
RTX icon
RTX Corp
RTX
+$782M
2
FOXA icon
Fox Class A
FOXA
+$380M
3
MPC icon
Marathon Petroleum
MPC
+$220M
4
BSX icon
Boston Scientific
BSX
+$191M
5
CELG
Celgene Corp
CELG
+$153M

Top Sells

Rank Stock Value
1
SHPG
Shire pic
SHPG
+$299M
2
MRK icon
Merck
MRK
+$212M
3
AXP icon
American Express
AXP
+$147M
4
STZ icon
Constellation Brands
STZ
+$118M
5
CI icon
Cigna
CI
+$109M

Sector Composition

Rank Sector Weight
1 Healthcare 38.27%
2 Industrials 12.08%
3 Consumer Staples 10.95%
4 Financials 10.25%
5 Technology 8.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BAX icon
1
Baxter International
BAX
$11.6B
$2.28B 25.31%
28,000,000
– –
RTX icon
2
RTX Corp
RTX
$287B
$835M 9.29%
+10,296,720
New +$782M
CPB icon
3
Campbell Soup
CPB
$6.51B
$801M 8.9%
21,000,000
– –
DHR icon
4
Danaher
DHR
$135B
$490M 5.45%
4,184,880
+676,800
+19% +$69.4M
DD icon
5
DuPont de Nemours
DD
$18.6B
$466M 5.18%
3,453,235
-359,421
-9% -$49.9M
PYPL icon
6
PayPal
PYPL
$49.5B
$363M 4.04%
3,500,000
-525,000
-13% -$49.7M
FOXA icon
7
Fox Class A
FOXA
$23.2B
$358M 3.98%
+9,755,000
New +$380M
BID
8
DELISTED
Sotheby's
BID
$251M 2.8%
6,661,604
– –
WP
9
DELISTED
Worldpay, Inc.
WP
$250M 2.78%
2,200,000
-430,000
-16% -$39M
ADBE icon
10
Adobe
ADBE
$89.5B
$240M 2.67%
900,000
– –
IQV icon
11
IQVIA
IQV
$34.7B
$234M 2.61%
1,630,000
– –
V icon
12
Visa
V
$677B
$234M 2.61%
1,500,000
– –
MPC icon
13
Marathon Petroleum
MPC
$90.3B
$209M 2.33%
+3,500,000
New +$220M
BSX icon
14
Boston Scientific
BSX
$65.8B
$192M 2.13%
+5,000,000
New +$191M
CRM icon
15
Salesforce
CRM
$134B
$186M 2.07%
1,175,000
– –
STZ icon
16
Constellation Brands
STZ
$22.2B
$184M 2.05%
1,050,000
-700,000
-40% -$118M
CELG
17
DELISTED
Celgene Corp
CELG
$165M 1.84%
+1,750,000
New +$153M
AXP icon
18
American Express
AXP
$223B
$164M 1.82%
1,500,000
-1,400,000
-48% -$147M
SPGI icon
19
S&P Global
SPGI
$126B
$160M 1.78%
760,000
-40,000
-5% -$7.75M
GB
20
DELISTED
Global Blue Group Holding
GB
$156M 1.74%
15,692,500
– –
ROST icon
21
Ross Stores
ROST
$76.6B
$149M 1.66%
+1,600,000
New +$147M
NFLX icon
22
Netflix
NFLX
$292B
$143M 1.59%
+4,000,000
New +$139M
BKI
23
DELISTED
Black Knight, Inc. Common Stock
BKI
$95.4M 1.06%
+1,750,000
New +$88.3M
CC icon
24
Chemours
CC
$2.59B
$74.3M 0.83%
+2,000,000
New +$72.8M
IFF icon
25
PUT
International Flavors & Fragrances
IFF
$19.4B
$64.4M 0.72%
+500,000
New +$66.3M
1
2

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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 2019 Portfolio in Review

As of Q1 2019, Third Point held 35 positions worth $8.99B, up 38% from $6.51B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

Third Point deployed $1.41B of net new capital in Q1 2019, opening 13 new positions and adding to 1 existing holding. Its largest new stake was RTX Corp: 10,296,720 shares worth $835M.

By sector, the portfolio is most concentrated in Healthcare at 38% of assets, down from 46% a quarter earlier, followed by Industrials and Consumer Staples.

On the sell side, the largest reduction was American Express, an estimated $147M trimmed.

  • Third Point's largest Q1 2019 buy was RTX Corp: 10,296,720 shares worth $835M.
  • Third Point added most to Danaher in Q1 2019, an estimated $69.4M increase.
  • Third Point's biggest Q1 2019 reduction was American Express, cutting an estimated $147M.
  • Third Point fully exited Shire pic in Q1 2019, selling an estimated $299M.
  • Third Point's ten largest holdings make up 70% of its $8.99B portfolio in Q1 2019.
  • Third Point opened 13 new positions and closed 4 in Q1 2019.
  • Third Point's portfolio value rose 38% quarter-over-quarter to $8.99B.

Based on Third Point's 13F filing for Q1 2019, filed 15 May 2019.