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Third Point Portfolio holdings
AUM
$4.68B
Turnover
50%
1-Year Est. Return
37.3%
This Fund
S&P 500
This Quarter Est. Return
+17.54%
1 Year Est. Return
+37.3%
3 Year Est. Return
+159.49%
5 Year Est. Return
+329.12%
10 Year Est. Return
+1,791.94%
AUM
$10B
AUM Growth
+$2.69B
(+37%)
Cap. Flow
+$1.5B
Cap. Flow % of AUM
Cap. Flow %
15.04%
Top 10 Holdings %
Top 10 Hldgs %
56.81%
Holding
56
New
20
Increased
10
Reduced
6
Closed
9
Avg Time Held
0.8
years
Top 10 Avg Time Held
0.4
years
Top 20 Avg Time Held
1
year
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PG&E
PCG
|
+$787M |
| 2 |
Microsoft
MSFT
|
+$231M |
| 3 |
Fortive
FTV
|
+$217M |
| 4 |
TransDigm Group
TDG
|
+$205M |
| 5 |
Expedia Group
EXPE
|
+$146M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Baxter International
BAX
|
+$344M |
| 2 |
RTX Corp
RTX
|
+$324M |
| 3 |
Nike
NKE
|
+$123M |
| 4 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
PG&E
PCG
$37.9B
| $798M | 7.98% |
+84,935,257
| New | +$787M |
2020 Q3
0 quarters
|
|
2
Alibaba
BABA
$248B
| $742M | 7.42% |
2,525,000
+525,000
| +26% | +$138M |
2020 Q2
1 quarter
|
|
3
Walt Disney
DIS
$194B
| $658M | 6.58% |
5,300,000
-200,000
| -4% | -$25M |
2020 Q1
2 quarters
|
|
4
Danaher
DHR
$162B
| $646M | 6.46% |
3,384,000
| – | – |
2015 Q3
20 quarters
|
|
5
Amazon
AMZN
$2.68T
| $645M | 6.46% |
4,100,000
-100,000
| -2% | -$15.8M |
2019 Q4
3 quarters
|
|
|
IAA
6
DELISTED
IAA, Inc. Common Stock
IAA
| $549M | 5.49% |
10,535,000
-50,000
| -0.5% | -$2.33M |
2019 Q4
3 quarters
|
|
7
Fidelity National Information Services
FIS
$19.4B
| $471M | 4.71% |
3,200,000
| – | – |
2019 Q3
4 quarters
|
|
8
Charter Communications
CHTR
$12.4B
| $468M | 4.68% |
750,000
| – | – |
2020 Q1
2 quarters
|
|
9
Salesforce
CRM
$205B
| $358M | 3.58% |
1,425,000
| – | – |
2018 Q1
10 quarters
|
|
10
JD.com
JD
$34.2B
| $345M | 3.45% |
4,450,000
+1,200,000
| +37% | +$83.4M |
2020 Q2
1 quarter
|
|
11
Burlington
BURL
$15.6B
| $344M | 3.44% |
1,670,000
+270,000
| +19% | +$52.6M |
2019 Q2
5 quarters
|
|
12
Adobe
ADBE
$103B
| $314M | 3.14% |
640,000
-25,000
| -4% | -$11.6M |
2018 Q1
10 quarters
|
|
13
Visa
V
$766B
| $310M | 3.1% |
1,550,000
+300,000
| +24% | +$59.9M |
2018 Q2
9 quarters
|
|
14
Meta Platforms (Facebook)
META
$1.64T
| $295M | 2.95% |
1,125,000
+275,000
| +32% | +$70.9M |
2020 Q2
1 quarter
|
|
15
IQVIA
IQV
$46B
| $285M | 2.85% |
1,810,400
-89,600
| -5% | -$14M |
2018 Q3
8 quarters
|
|
16
S&P Global
SPGI
$133B
| $279M | 2.8% |
775,000
| – | – |
2016 Q2
17 quarters
|
|
|
17
Microsoft
MSFT
$3.89T
| $231M | 2.31% |
+1,100,000
| New | +$231M |
2020 Q3
0 quarters
|
|
|
18
Fortive
FTV
$18.2B
| $229M | 2.29% |
+4,757,295
| New | +$217M |
2020 Q3
0 quarters
|
|
|
19
TransDigm Group
TDG
$61.1B
| $207M | 2.07% |
+435,000
| New | +$205M |
2020 Q3
0 quarters
|
|
20
Ferrari
RACE
$69B
| $200M | 2% |
1,085,000
| – | – |
2019 Q4
3 quarters
|
|
|
BKI
21
DELISTED
Black Knight, Inc. Common Stock
BKI
| $152M | 1.52% |
1,750,000
+1,305,518
| +294% | +$103M |
2020 Q2
1 quarter
|
|
22
TE Connectivity
TEL
$60.2B
| $151M | 1.52% |
1,550,000
+100,000
| +7% | +$9.2M |
2020 Q1
2 quarters
|
|
|
23
Expedia Group
EXPE
$34.7B
| $149M | 1.49% |
+1,625,000
| New | +$146M |
2020 Q3
0 quarters
|
|
24
Pinterest
PINS
$12.6B
| $149M | 1.49% |
+3,577,500
| New | +$117M |
2020 Q3
0 quarters
|
|
25
Block Inc
XYZ
$45.9B
| $130M | 1.3% |
800,000
| – | – |
2020 Q2
1 quarter
|
|
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TCIM
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.