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TP
Third Point Portfolio holdings
AUM
$4.68B
1-Year Est. Return
37.3%
This Fund
S&P 500
This Quarter
Est. Return
+3.76%
1 Year Est. Return
+37.3%
3 Year Est. Return
+159.48%
5 Year Est. Return
+329.12%
10 Year Est. Return
+1,791.94%
AUM
$6.11B
AUM Growth
+$144M
(+2.4%)
Cap. Flow
+$245M
Cap. Flow
% of AUM
4.02%
Top 10 Holdings %
Top 10 Hldgs %
76.89%
Holding
57
New
14
Increased
7
Reduced
4
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$456M |
| 2 |
HCA Healthcare
HCA
|
+$218M |
| 3 |
Salesforce
CRM
|
+$135M |
| 4 |
Alibaba
BABA
|
+$133M |
| 5 |
NATI
National Instruments Corp
NATI
|
+$100M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SentinelOne
S
|
+$214M |
| 2 |
TJX Companies
TJX
|
+$211M |
| 3 |
Ovintiv
OVV
|
+$203M |
| 4 |
UnitedHealth
UNH
|
+$162M |
| 5 |
Fidelity National Information Services
FIS
|
+$136M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 17.86% |
| 2 | Utilities | 16.51% |
| 3 | Consumer Staples | 13.59% |
| 4 | Technology | 12.91% |
| 5 | Consumer Discretionary | 10.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PG&E
PCG
$31.5B
| $958M | 15.68% |
59,250,000
+180,000
| +0.3% | +$2.84M |
|
2
Colgate-Palmolive
CL
$70.8B
| $830M | 13.59% |
11,050,000
-500,000
| -4% | -$37.2M |
|
3
Danaher
DHR
$146B
| $693M | 11.34% |
3,102,000
+56,400
| +2% | +$12.8M |
|
4
Bath & Body Works
BBWI
$3.93B
| $503M | 8.23% |
13,751,100
+1,100
| +0% | +$46.1K |
|
|
5
Alphabet (Google) Class A
GOOGL
$4.14T
| $493M | 8.06% |
+4,750,000
| New | +$456M |
|
6
Microsoft
MSFT
$3.71T
| $303M | 4.95% |
1,050,000
-130,000
| -11% | -$33.2M |
|
7
DuPont de Nemours
DD
$17.8B
| $287M | 4.7% |
3,186,667
+796,667
| +33% | +$72.7M |
|
8
International Flavors & Fragrances
IFF
$22B
| $234M | 3.84% |
2,550,000
+250,000
| +11% | +$24.9M |
|
|
9
HCA Healthcare
HCA
$87.7B
| $227M | 3.71% |
+860,000
| New | +$218M |
|
10
Ferguson
FERG
$44.2B
| $171M | 2.79% |
1,275,000
+350,000
| +38% | +$48.6M |
|
|
11
Salesforce
CRM
$213B
| $160M | 2.62% |
+800,000
| New | +$135M |
|
|
12
UnitedHealth
UNH
$356B
| $158M | 2.59% |
335,000
-335,000
| -50% | -$162M |
|
13
American International
AIG
$39.8B
| $149M | 2.43% |
2,950,000
-2,150,000
| -42% | -$126M |
|
|
14
Alibaba
BABA
$281B
| $136M | 2.22% |
+1,326,450
| New | +$133M |
|
|
NATI
15
DELISTED
National Instruments Corp
NATI
| $105M | 1.72% |
+2,000,000
| New | +$100M |
|
16
Hertz
HTZ
$820M
| $103M | 1.69% |
6,350,000
+1,000,000
| +19% | +$17.4M |
|
17
Advanced Micro Devices
AMD
$780B
| $98M | 1.6% |
+1,000,000
| New | +$81.4M |
|
|
WCC
18
WESCO International
WCC
$17.1B
| $73.1M | 1.2% |
+472,968
| New | +$70.9M |
|
19
Micron Technology
MU
$1.15T
| $72.3M | 1.18% |
+1,200,000
| New | +$70.3M |
|
|
PCGU
20
DELISTED
PG&E Corporation
PCGU
| $67M | 1.1% |
471,000
| – | – |
|
|
GB
21
DELISTED
Global Blue Group Holding
GB
| $51.2M | 0.84% |
8,537,601
| – | – |
|
22
Vistra
VST
$50.1B
| $50.8M | 0.83% |
+2,115,000
| New | +$49M |
|
23
Teck Resources
TECK
$33.9B
| $42M | 0.69% |
+1,150,000
| New | +$45.6M |
|
|
DEN
24
DELISTED
Denbury Inc.
DEN
| $21.9M | 0.36% |
+250,000
| New | +$21M |
|
25
Jacobs Solutions
J
$17.1B
| $21.8M | 0.36% |
+224,584
| New | +$22.4M |
|
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Third Point's Q1 2023 Portfolio in Review
As of Q1 2023, Third Point held 57 positions worth $6.11B, up 2.4% from $5.97B the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Third Point deployed $245M of net new capital in Q1 2023, opening 14 new positions and adding to 7 existing holdings. Its largest new stake was Alphabet (Google) Class A: 4,750,000 shares worth $493M.
By sector, the portfolio is most concentrated in Healthcare at 18% of assets, down from 19% a quarter earlier, followed by Utilities and Consumer Staples.
On the sell side, the largest reduction was UnitedHealth, an estimated $162M trimmed.
- Third Point's largest Q1 2023 buy was Alphabet (Google) Class A: 4,750,000 shares worth $493M.
- Third Point added most to DuPont de Nemours in Q1 2023, an estimated $72.7M increase.
- Third Point's biggest Q1 2023 reduction was UnitedHealth, cutting an estimated $162M.
- Third Point fully exited SentinelOne in Q1 2023, selling an estimated $214M.
- Third Point's ten largest holdings make up 77% of its $6.11B portfolio in Q1 2023.
- Third Point opened 14 new positions and closed 11 in Q1 2023.
- Third Point's portfolio value rose 2.4% quarter-over-quarter to $6.11B.
Based on Third Point's 13F filing for Q1 2023, filed 15 May 2023.