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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
-14.51%
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
$4.22B
AUM Growth
-$3.46B
(-45%)
Cap. Flow
-$2.51B
Cap. Flow
% of AUM
-59.35%
Top 10 Holdings %
Top 10 Hldgs %
74.85%
Holding
79
New
4
Increased
4
Reduced
14
Closed
21
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ovintiv
OVV
|
+$199M |
| 2 |
Colgate-Palmolive
CL
|
+$155M |
| 3 |
Antero Resources
AR
|
+$124M |
| 4 |
Walt Disney
DIS
|
+$111M |
| 5 |
Cenovus Energy
CVE
|
+$105M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
S&P Global
SPGI
|
+$394M |
| 2 |
Intuit
INTU
|
+$349M |
| 3 |
Avantor
AVTR
|
+$283M |
| 4 |
IQVIA
IQV
|
+$254M |
| 5 |
ZEN
ZENDESK INC
ZEN
|
+$229M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 23.27% |
| 2 | Energy | 18.26% |
| 3 | Utilities | 16.72% |
| 4 | Technology | 12.63% |
| 5 | Industrials | 6.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PG&E
PCG
$47.8B
| $653M | 15.45% |
65,400,000
-3,900,000
| -6% | -$45.9M |
|
2
Danaher
DHR
$135B
| $583M | 13.8% |
2,594,400
-214,320
| -8% | -$49.4M |
|
3
SentinelOne
S
$6.22B
| $492M | 11.64% |
21,078,846
-5,228,636
| -20% | -$147M |
|
4
UnitedHealth
UNH
$382B
| $293M | 6.93% |
570,000
-35,000
| -6% | -$17.6M |
|
|
5
Ovintiv
OVV
$17.7B
| $270M | 6.4% |
6,120,000
+3,870,000
| +172% | +$199M |
|
6
EQT Corp
EQT
$33.2B
| $259M | 6.13% |
7,525,000
-1,425,000
| -16% | -$58.7M |
|
7
DuPont de Nemours
DD
$18.6B
| $171M | 4.05% |
2,453,733
-223,067
| -8% | -$18.3M |
|
|
8
Colgate-Palmolive
CL
$72.6B
| $159M | 3.77% |
+1,985,000
| New | +$155M |
|
9
CSX Corp
CSX
$98.6B
| $144M | 3.42% |
4,965,000
-2,421,378
| -33% | -$78.9M |
|
|
10
Cenovus Energy
CVE
$54.6B
| $138M | 3.27% |
7,275,000
+5,275,000
| +264% | +$105M |
|
|
11
Antero Resources
AR
$10.9B
| $104M | 2.46% |
+3,392,891
| New | +$124M |
|
12
Hertz
HTZ
$572M
| $99.2M | 2.35% |
6,260,000
-360,000
| -5% | -$7.1M |
|
|
13
Walt Disney
DIS
$165B
| $94.4M | 2.23% |
+1,000,000
| New | +$111M |
|
14
Crown Holdings
CCK
$12.8B
| $73.7M | 1.75% |
800,000
| – | – |
|
15
T-Mobile US
TMUS
$193B
| $65.3M | 1.54% |
+485,000
| New | +$63.3M |
|
16
Perimeter Solutions
PRM
$5.5B
| $63.4M | 1.5% |
5,850,000
-340,000
| -5% | -$3.62M |
|
|
LFG
17
DELISTED
Archaea Energy Inc.
LFG
| $53.8M | 1.27% |
3,465,000
-710,000
| -17% | -$14.4M |
|
|
VTYX
18
DELISTED
Ventyx Biosciences
VTYX
| $52.7M | 1.25% |
4,312,834
| – | – |
|
|
CANO
19
DELISTED
Cano Health, Inc.
CANO
| $47.4M | 1.12% |
108,250
-6,750
| -6% | -$3.52M |
|
|
PCGU
20
DELISTED
PG&E Corporation
PCGU
| $45M | 1.07% |
471,000
-314,000
| -40% | -$34.6M |
|
|
GB
21
DELISTED
Global Blue Group Holding
GB
| $42M | 0.99% |
8,537,601
| – | – |
|
|
JWSM
22
DELISTED
Jaws Mustang Acquisition Corp.
JWSM
| $39.3M | 0.93% |
4,000,000
| – | – |
|
|
GOAC
23
DELISTED
GO Acquisition Corp. Class A Common Stock
GOAC
| $29.9M | 0.71% |
3,000,000
| – | – |
|
|
AVAN
24
DELISTED
Avanti Acquisition Corp.
AVAN
| $29.7M | 0.7% |
3,000,000
| – | – |
|
|
CPUH
25
DELISTED
Compute Health Acquisition Corp.
CPUH
| $24.5M | 0.58% |
2,500,000
| – | – |
|
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Third Point's Q2 2022 Portfolio in Review
As of Q2 2022, Third Point held 79 positions worth $4.22B, down 45% from $7.68B the previous quarter. Its ten largest holdings account for 75% of the portfolio.
Third Point withdrew a net $2.51B in Q2 2022, closing 21 positions and reducing 14 holdings. Its most notable exit was S&P Global, an estimated $394M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 23% of assets, down from 24% a quarter earlier, followed by Energy and Utilities.
Against the trend, Third Point opened a new position in Colgate-Palmolive worth $159M.
- Third Point's largest Q2 2022 buy was Colgate-Palmolive: 1,985,000 shares worth $159M.
- Third Point added most to Ovintiv in Q2 2022, an estimated $199M increase.
- Third Point's biggest Q2 2022 reduction was SentinelOne, cutting an estimated $147M.
- Third Point fully exited S&P Global in Q2 2022, selling an estimated $394M.
- Third Point's ten largest holdings make up 75% of its $4.22B portfolio in Q2 2022.
- Third Point opened 4 new positions and closed 21 in Q2 2022.
- Third Point's portfolio value fell 45% quarter-over-quarter to $4.22B.
Based on Third Point's 13F filing for Q2 2022, filed 15 Aug 2022.