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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
+5.93%
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
$8.54B
AUM Growth
-$455M
Cap. Flow
-$795M
Cap. Flow %
-9.31%
Top 10 Hldgs %
69.23%
Holding
47
New
16
Increased
9
Reduced
5
Closed
5

Top Buys

Rank Stock Value
1
CNC icon
Centene
CNC
+$135M
2
BURL icon
Burlington
BURL
+$114M
3
GTT
GTT Communications, Inc.
GTT
+$94.7M
4
CC icon
Chemours
CC
+$70M
5
TW icon
Tradeweb Markets
TW
+$41.7M

Top Sells

Rank Stock Value
1
DD icon
DuPont de Nemours
DD
+$466M
2
BAX icon
Baxter International
BAX
+$388M
3
STZ icon
Constellation Brands
STZ
+$184M
4
CELG
Celgene Corp
CELG
+$165M
5
AXP icon
American Express
AXP
+$164M

Sector Composition

Rank Sector Weight
1 Healthcare 36.47%
2 Industrials 13.68%
3 Technology 11.15%
4 Financials 10.28%
5 Consumer Staples 8.75%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BAX icon
1
Baxter International
BAX
$11.6B
$1.88B 22.06%
23,000,000
-5,000,000
-18% -$388M
RTX icon
2
RTX Corp
RTX
$287B
$781M 9.15%
9,534,000
-762,720
-7% -$63.8M
CPB icon
3
Campbell Soup
CPB
$6.51B
$741M 8.68%
18,500,000
-2,500,000
-12% -$98.2M
DHR icon
4
Danaher
DHR
$135B
$530M 6.21%
4,184,880
– –
PYPL icon
5
PayPal
PYPL
$49.5B
$401M 4.69%
3,500,000
– –
BID
6
DELISTED
Sotheby's
BID
$387M 4.53%
6,661,604
– –
FOXA icon
7
Fox Class A
FOXA
$23.2B
$385M 4.51%
10,500,000
+745,000
+8% +$27.4M
ADBE icon
8
Adobe
ADBE
$89.5B
$273M 3.19%
925,000
+25,000
+3% +$6.94M
WP
9
DELISTED
Worldpay, Inc.
WP
$270M 3.16%
2,200,000
– –
V icon
10
Visa
V
$677B
$260M 3.05%
1,500,000
– –
IQV icon
11
IQVIA
IQV
$34.7B
$257M 3.01%
1,600,000
-30,000
-2% -$4.21M
BSX icon
12
Boston Scientific
BSX
$65.8B
$236M 2.77%
5,500,000
+500,000
+10% +$19.2M
MPC icon
13
Marathon Petroleum
MPC
$90.3B
$224M 2.62%
4,000,000
+500,000
+14% +$27.4M
CRM icon
14
Salesforce
CRM
$134B
$197M 2.31%
1,300,000
+125,000
+11% +$19.6M
NFLX icon
15
Netflix
NFLX
$292B
$184M 2.15%
5,000,000
+1,000,000
+25% +$36.1M
SPGI icon
16
S&P Global
SPGI
$126B
$173M 2.03%
760,000
– –
ROST icon
17
Ross Stores
ROST
$76.6B
$164M 1.92%
1,650,000
+50,000
+3% +$4.87M
GB
18
DELISTED
Global Blue Group Holding
GB
$160M 1.87%
15,692,500
– –
CNC icon
19
Centene
CNC
$31.3B
$131M 1.54%
+2,500,000
New +$135M
BURL icon
20
Burlington
BURL
$22B
$119M 1.39%
+700,000
New +$114M
BKI
21
DELISTED
Black Knight, Inc. Common Stock
BKI
$105M 1.23%
1,750,000
– –
CC icon
22
Chemours
CC
$2.59B
$105M 1.23%
4,375,000
+2,375,000
+119% +$70M
MSFT icon
23
Microsoft
MSFT
$2.84T
$80.4M 0.94%
600,000
+100,000
+20% +$12.7M
SONY icon
24
Sony
SONY
$123B
$78.6M 0.92%
7,500,000
– –
ENOV icon
25
Enovis
ENOV
$1.56B
$56.1M 0.66%
1,162,000
– –
1
2

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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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CL
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Third Point's Q2 2019 Portfolio in Review

As of Q2 2019, Third Point held 47 positions worth $8.54B, down 5.1% from $8.99B the previous quarter. Its ten largest holdings account for 69% of the portfolio.

Third Point withdrew a net $795M in Q2 2019, closing 5 positions and reducing 5 holdings. Its most notable exit was DuPont de Nemours, an estimated $466M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 36% of assets, down from 38% a quarter earlier, followed by Industrials and Technology.

Against the trend, Third Point opened a new position in Centene worth $131M.

  • Third Point's largest Q2 2019 buy was Centene: 2,500,000 shares worth $131M.
  • Third Point added most to Chemours in Q2 2019, an estimated $70M increase.
  • Third Point's biggest Q2 2019 reduction was Baxter International, cutting an estimated $388M.
  • Third Point fully exited DuPont de Nemours in Q2 2019, selling an estimated $466M.
  • Third Point's ten largest holdings make up 69% of its $8.54B portfolio in Q2 2019.
  • Third Point opened 16 new positions and closed 5 in Q2 2019.
  • Third Point's portfolio value fell 5.1% quarter-over-quarter to $8.54B.

Based on Third Point's 13F filing for Q2 2019, filed 13 Aug 2019.