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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
+17.54%
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
$10B
AUM Growth
+$2.69B
Cap. Flow
+$1.5B
Cap. Flow %
15.04%
Top 10 Hldgs %
56.81%
Holding
56
New
20
Increased
10
Reduced
6
Closed
9

Top Buys

Rank Stock Value
1
PCG icon
PG&E
PCG
+$787M
2
MSFT icon
Microsoft
MSFT
+$231M
3
FTV icon
Fortive
FTV
+$217M
4
TDG icon
TransDigm Group
TDG
+$205M
5
EXPE icon
Expedia Group
EXPE
+$146M

Top Sells

Rank Stock Value
1
BAX icon
Baxter International
BAX
+$344M
2
RTX icon
RTX Corp
RTX
+$324M
3
NKE icon
Nike
NKE
+$123M
4
EVRG icon
Evergy
EVRG
+$88.9M
5
ATVI
Activision Blizzard
ATVI
+$85.4M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 30.85%
2 Technology 22.29%
3 Communication Services 15.75%
4 Healthcare 11.17%
5 Utilities 7.98%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PCG icon
1
PG&E
PCG
$47.8B
$798M 7.98%
+84,935,257
New +$787M
BABA icon
2
Alibaba
BABA
$269B
$742M 7.42%
2,525,000
+525,000
+26% +$138M
DIS icon
3
Walt Disney
DIS
$165B
$658M 6.58%
5,300,000
-200,000
-4% -$25M
DHR icon
4
Danaher
DHR
$135B
$646M 6.46%
3,384,000
– –
AMZN icon
5
Amazon
AMZN
$2.5T
$645M 6.46%
4,100,000
-100,000
-2% -$15.8M
IAA
6
DELISTED
IAA, Inc. Common Stock
IAA
$549M 5.49%
10,535,000
-50,000
-0.5% -$2.33M
FIS icon
7
Fidelity National Information Services
FIS
$21.5B
$471M 4.71%
3,200,000
– –
CHTR icon
8
Charter Communications
CHTR
$14.7B
$468M 4.68%
750,000
– –
CRM icon
9
Salesforce
CRM
$134B
$358M 3.58%
1,425,000
– –
JD icon
10
JD.com
JD
$40.8B
$345M 3.45%
4,450,000
+1,200,000
+37% +$83.4M
BURL icon
11
Burlington
BURL
$22B
$344M 3.44%
1,670,000
+270,000
+19% +$52.6M
ADBE icon
12
Adobe
ADBE
$89.5B
$314M 3.14%
640,000
-25,000
-4% -$11.6M
V icon
13
Visa
V
$677B
$310M 3.1%
1,550,000
+300,000
+24% +$59.9M
META icon
14
Meta Platforms (Facebook)
META
$1.51T
$295M 2.95%
1,125,000
+275,000
+32% +$70.9M
IQV icon
15
IQVIA
IQV
$34.7B
$285M 2.85%
1,810,400
-89,600
-5% -$14M
SPGI icon
16
S&P Global
SPGI
$126B
$279M 2.8%
775,000
– –
MSFT icon
17
Microsoft
MSFT
$2.84T
$231M 2.31%
+1,100,000
New +$231M
FTV icon
18
Fortive
FTV
$19B
$229M 2.29%
+4,757,295
New +$217M
TDG icon
19
TransDigm Group
TDG
$69.2B
$207M 2.07%
+435,000
New +$205M
RACE icon
20
Ferrari
RACE
$63.3B
$200M 2%
1,085,000
– –
BKI
21
DELISTED
Black Knight, Inc. Common Stock
BKI
$152M 1.52%
1,750,000
+1,305,518
+294% +$103M
TEL icon
22
TE Connectivity
TEL
$58.8B
$151M 1.52%
1,550,000
+100,000
+7% +$9.2M
EXPE icon
23
Expedia Group
EXPE
$31.2B
$149M 1.49%
+1,625,000
New +$146M
PINS icon
24
Pinterest
PINS
$12.4B
$149M 1.49%
+3,577,500
New +$117M
XYZ
25
Block Inc
XYZ
$45.9B
$130M 1.3%
800,000
– –
1
2 3

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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 Q3 2020 Portfolio in Review

As of Q3 2020, Third Point held 56 positions worth $10B, up 37% from $7.3B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Third Point deployed $1.5B of net new capital in Q3 2020, opening 20 new positions and adding to 10 existing holdings. Its largest new stake was PG&E: 84,935,257 shares worth $798M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 31% of assets, up from 31% a quarter earlier, followed by Technology and Communication Services.

On the sell side, the largest reduction was Global Blue Group Holding, an estimated $49.1M trimmed.

  • Third Point's largest Q3 2020 buy was PG&E: 84,935,257 shares worth $798M.
  • Third Point added most to Alibaba in Q3 2020, an estimated $138M increase.
  • Third Point's biggest Q3 2020 reduction was Global Blue Group Holding, cutting an estimated $49.1M.
  • Third Point fully exited Baxter International in Q3 2020, selling an estimated $344M.
  • Third Point's ten largest holdings make up 57% of its $10B portfolio in Q3 2020.
  • Third Point opened 20 new positions and closed 9 in Q3 2020.
  • Third Point's portfolio value rose 37% quarter-over-quarter to $10B.

Based on Third Point's 13F filing for Q3 2020, filed 13 Nov 2020.