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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
+2.88%
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
$8.42B
AUM Growth
-$122M
Cap. Flow
-$282M
Cap. Flow %
-3.35%
Top 10 Hldgs %
70.25%
Holding
53
New
11
Increased
5
Reduced
9
Closed
13

Top Buys

Rank Stock Value
1
AGN
Allergan plc
AGN
+$587M
2
FIS icon
Fidelity National Information Services
FIS
+$332M
3
CRM icon
Salesforce
CRM
+$182M
4
BURL icon
Burlington
BURL
+$147M
5
FIVE icon
Five Below
FIVE
+$103M

Top Sells

Rank Stock Value
1
BAX icon
Baxter International
BAX
+$525M
2
WP
Worldpay, Inc.
WP
+$270M
3
MPC icon
Marathon Petroleum
MPC
+$224M
4
NFLX icon
Netflix
NFLX
+$184M
5
ROST icon
Ross Stores
ROST
+$164M

Sector Composition

Rank Sector Weight
1 Healthcare 39.63%
2 Technology 17.52%
3 Industrials 14.71%
4 Consumer Staples 9.67%
5 Financials 8.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BAX icon
1
Baxter International
BAX
$11.6B
$1.47B 17.51%
16,850,000
-6,150,000
-27% -$525M
RTX icon
2
RTX Corp
RTX
$287B
$819M 9.73%
9,534,000
– –
CPB icon
3
Campbell Soup
CPB
$6.51B
$798M 9.48%
17,000,000
-1,500,000
-8% -$64.8M
AGN
4
DELISTED
Allergan plc
AGN
$606M 7.2%
+3,600,000
New +$587M
DHR icon
5
Danaher
DHR
$135B
$536M 6.37%
4,184,880
– –
BID
6
DELISTED
Sotheby's
BID
$380M 4.51%
6,661,604
– –
CRM icon
7
Salesforce
CRM
$134B
$371M 4.41%
2,500,000
+1,200,000
+92% +$182M
FIS icon
8
Fidelity National Information Services
FIS
$21.5B
$332M 3.94%
+2,499,989
New +$332M
BURL icon
9
Burlington
BURL
$22B
$300M 3.56%
1,500,000
+800,000
+114% +$147M
IQV icon
10
IQVIA
IQV
$34.7B
$299M 3.55%
2,000,000
+400,000
+25% +$62.2M
PYPL icon
11
PayPal
PYPL
$49.5B
$280M 3.32%
2,700,000
-800,000
-23% -$88.1M
V icon
12
Visa
V
$677B
$258M 3.07%
1,500,000
– –
FOXA icon
13
Fox Class A
FOXA
$23.2B
$252M 3%
8,000,000
-2,500,000
-24% -$86.5M
ADBE icon
14
Adobe
ADBE
$89.5B
$228M 2.71%
825,000
-100,000
-11% -$29.2M
BSX icon
15
Boston Scientific
BSX
$65.8B
$203M 2.42%
5,000,000
-500,000
-9% -$21.2M
SPGI icon
16
S&P Global
SPGI
$126B
$196M 2.33%
800,000
+40,000
+5% +$10M
GB
17
DELISTED
Global Blue Group Holding
GB
$160M 1.91%
15,692,500
– –
FIVE icon
18
Five Below
FIVE
$11.2B
$107M 1.27%
+850,000
New +$103M
BKI
19
DELISTED
Black Knight, Inc. Common Stock
BKI
$107M 1.27%
1,750,000
– –
CNC icon
20
Centene
CNC
$31.3B
$104M 1.23%
2,400,000
-100,000
-4% -$4.87M
SONY icon
21
Sony
SONY
$123B
$88.7M 1.05%
7,500,000
– –
MSFT icon
22
Microsoft
MSFT
$2.84T
$83.4M 0.99%
600,000
– –
ENOV icon
23
Enovis
ENOV
$1.56B
$58.1M 0.69%
1,162,000
– –
COLD icon
24
Americold
COLD
$4.09B
$47.5M 0.56%
1,280,000
– –
FPAC.U
25
DELISTED
Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00
FPAC.U
$42.8M 0.51%
4,000,000
– –
1
2 3

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Third Point's Q3 2019 Portfolio in Review

As of Q3 2019, Third Point held 53 positions worth $8.42B, down 1.4% from $8.54B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

Third Point withdrew a net $282M in Q3 2019, closing 13 positions and reducing 9 holdings. Its most notable exit was Worldpay, Inc., an estimated $270M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 40% of assets, up from 36% a quarter earlier, followed by Technology and Industrials.

Against the trend, Third Point opened a new position in Allergan plc worth $606M.

  • Third Point's largest Q3 2019 buy was Allergan plc: 3,600,000 shares worth $606M.
  • Third Point added most to Salesforce in Q3 2019, an estimated $182M increase.
  • Third Point's biggest Q3 2019 reduction was Baxter International, cutting an estimated $525M.
  • Third Point fully exited Worldpay, Inc. in Q3 2019, selling an estimated $270M.
  • Third Point's ten largest holdings make up 70% of its $8.42B portfolio in Q3 2019.
  • Third Point opened 11 new positions and closed 13 in Q3 2019.
  • Third Point's portfolio value fell 1.4% quarter-over-quarter to $8.42B.

Based on Third Point's 13F filing for Q3 2019, filed 14 Nov 2019.