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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
+19.32%
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
$13B
AUM Growth
+$2.97B
(+30%)
Cap. Flow
+$1.57B
Cap. Flow
% of AUM
12.09%
Top 10 Holdings %
Top 10 Hldgs %
46.25%
Holding
83
New
37
Increased
7
Reduced
12
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Upstart Holdings
UPST
|
+$549M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$437M |
| 3 |
Intuit
INTU
|
+$246M |
| 4 |
Aptiv
APTV
|
+$167M |
| 5 |
Avantor
AVTR
|
+$155M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$312M |
| 2 |
Fortive
FTV
|
+$229M |
| 3 |
Amazon
AMZN
|
+$191M |
| 4 |
Pinterest
PINS
|
+$155M |
| 5 |
Fidelity National Information Services
FIS
|
+$152M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 27.58% |
| 2 | Communication Services | 17.6% |
| 3 | Technology | 15.45% |
| 4 | Healthcare | 12.71% |
| 5 | Financials | 9.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PG&E
PCG
$47.8B
| $1.06B | 8.16% |
84,935,257
| – | – |
|
2
Walt Disney
DIS
$165B
| $870M | 6.7% |
4,800,000
-500,000
| -9% | -$71.8M |
|
3
Danaher
DHR
$135B
| $666M | 5.14% |
3,384,000
| – | – |
|
|
IAA
4
DELISTED
IAA, Inc. Common Stock
IAA
| $643M | 4.96% |
9,900,000
-635,000
| -6% | -$38M |
|
|
5
Upstart Holdings
UPST
$2.58B
| $520M | 4.01% |
+13,381,222
| New | +$549M |
|
6
Charter Communications
CHTR
$15.2B
| $496M | 3.83% |
750,000
| – | – |
|
|
7
Amazon
AMZN
$2.5T
| $472M | 3.64% |
2,900,000
-1,200,000
| -29% | -$191M |
|
|
8
Alphabet (Google) Class A
GOOGL
$3.91T
| $456M | 3.51% |
+5,200,000
| New | +$437M |
|
9
Burlington
BURL
$22B
| $437M | 3.37% |
1,670,000
| – | – |
|
|
10
Intuit
INTU
$81.1B
| $380M | 2.93% |
1,000,000
+700,000
| +233% | +$246M |
|
11
Visa
V
$677B
| $339M | 2.61% |
1,550,000
| – | – |
|
|
12
Alibaba
BABA
$269B
| $326M | 2.51% |
1,400,000
-1,125,000
| -45% | -$312M |
|
13
IQVIA
IQV
$34.7B
| $324M | 2.5% |
1,810,400
| – | – |
|
|
14
Avantor
AVTR
$7.81B
| $310M | 2.39% |
11,000,000
+6,000,000
| +120% | +$155M |
|
|
15
Fidelity National Information Services
FIS
$21.5B
| $302M | 2.33% |
2,136,422
-1,063,578
| -33% | -$152M |
|
16
Meta Platforms (Facebook)
META
$1.51T
| $300M | 2.32% |
1,100,000
-25,000
| -2% | -$6.85M |
|
17
TransDigm Group
TDG
$69.2B
| $300M | 2.31% |
485,000
+50,000
| +11% | +$27.5M |
|
18
JD.com
JD
$40.8B
| $299M | 2.3% |
3,400,000
-1,050,000
| -24% | -$87.7M |
|
19
S&P Global
SPGI
$126B
| $296M | 2.28% |
900,000
+125,000
| +16% | +$42.2M |
|
20
Microsoft
MSFT
$2.84T
| $289M | 2.23% |
1,300,000
+200,000
| +18% | +$43M |
|
21
Ferrari
RACE
$63.3B
| $249M | 1.92% |
1,085,000
| – | – |
|
22
Adobe
ADBE
$89.5B
| $228M | 1.75% |
455,000
-185,000
| -29% | -$89.4M |
|
23
Salesforce
CRM
$134B
| $200M | 1.54% |
900,000
-525,000
| -37% | -$128M |
|
|
24
Aptiv
APTV
$12B
| $195M | 1.51% |
+1,500,000
| New | +$167M |
|
25
TE Connectivity
TEL
$58.8B
| $188M | 1.45% |
1,550,000
| – | – |
|
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Third Point's Q4 2020 Portfolio in Review
As of Q4 2020, Third Point held 83 positions worth $13B, up 30% from $10B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Third Point deployed $1.57B of net new capital in Q4 2020, opening 37 new positions and adding to 7 existing holdings. Its largest new stake was Upstart Holdings: 13,381,222 shares worth $520M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 28% of assets, down from 31% a quarter earlier, followed by Communication Services and Technology.
On the sell side, the largest reduction was Alibaba, an estimated $312M trimmed.
- Third Point's largest Q4 2020 buy was Upstart Holdings: 13,381,222 shares worth $520M.
- Third Point added most to Intuit in Q4 2020, an estimated $246M increase.
- Third Point's biggest Q4 2020 reduction was Alibaba, cutting an estimated $312M.
- Third Point fully exited Fortive in Q4 2020, selling an estimated $229M.
- Third Point's ten largest holdings make up 46% of its $13B portfolio in Q4 2020.
- Third Point opened 37 new positions and closed 9 in Q4 2020.
- Third Point's portfolio value rose 30% quarter-over-quarter to $13B.
Based on Third Point's 13F filing for Q4 2020, filed 16 Feb 2021.