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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
+15.57%
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
$6.64B
AUM Growth
+$44.9M
(+0.68%)
Cap. Flow
-$765M
Cap. Flow % of AUM
Cap. Flow %
-11.53%
Top 10 Holdings %
Top 10 Hldgs %
74.07%
Holding
48
New
6
Increased
6
Reduced
11
Closed
11
Avg Time Held
Equity + Options
1.4
years
Top 10 Avg Time Held
Equity + Options
1.2
years
Top 20 Avg Time Held
Equity + Options
1.1
years
Avg Time Held Equity only
1.4
years
Top 10 Avg Time Held Equity only
1.2
years
Top 20 Avg Time Held Equity only
1.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Verizon
VZ
|
+$165M |
| 2 |
Corpay
CPAY
|
+$153M |
| 3 |
Apollo Global Management
APO
|
+$79.5M |
| 4 |
EQT Corp
EQT
|
+$79.1M |
| 5 |
McKesson
MCK
|
+$75M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intercontinental Exchange
ICE
|
+$192M |
| 2 |
Option Care Health
OPCH
|
+$176M |
| 3 |
Uber
UBER
|
+$167M |
| 4 |
Danaher
DHR
|
+$152M |
| 5 |
T-Mobile US
TMUS
|
+$140M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 18.69% |
| 2 | Utilities | 18.38% |
| 3 | Technology | 17.4% |
| 4 | Materials | 10.56% |
| 5 | Communication Services | 9.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PG&E
PCG
$39B
| $1.04B | 15.72% |
57,860,000
+1,000,000
| +2% | +$16.9M |
2020 Q3
13 quarters
|
|
2
Microsoft
MSFT
$3.87T
| $758M | 11.41% |
2,015,000
-210,000
| -9% | -$74.7M |
2022 Q4
4 quarters
|
|
3
Amazon
AMZN
$2.7T
| $638M | 9.61% |
4,200,000
-480,000
| -10% | -$67.3M |
2023 Q2
2 quarters
|
|
4
Bath & Body Works
BBWI
$4.36B
| $598M | 9.01% |
13,850,000
| – | – |
2022 Q3
5 quarters
|
|
|
5
Danaher
DHR
$162B
| $474M | 7.14% |
2,050,000
-713,600
| -26% | -$152M |
2015 Q3
33 quarters
|
|
6
Meta Platforms (Facebook)
META
$1.65T
| $411M | 6.19% |
1,160,000
+60,000
| +5% | +$19.5M |
2023 Q3
1 quarter
|
|
7
DELISTED
US Steel
X
| $268M | 4.03% |
5,500,000
+750,000
| +16% | +$27.3M |
2023 Q3
1 quarter
|
|
8
DuPont de Nemours
DD
$18.2B
| $267M | 4.02% |
2,760,450
-545,717
| -17% | -$49.6M |
2021 Q1
11 quarters
|
|
9
American International
AIG
$43.4B
| $234M | 3.52% |
3,450,000
+500,000
| +17% | +$31.9M |
2022 Q4
4 quarters
|
|
10
Jacobs Solutions
J
$17.1B
| $227M | 3.42% |
2,115,698
-60,448
| -3% | -$6.58M |
2023 Q1
3 quarters
|
|
11
Ferguson
FERG
$44B
| $210M | 3.17% |
1,090,000
-185,000
| -15% | -$31.2M |
2022 Q3
5 quarters
|
|
12
Vistra
VST
$47.3B
| $177M | 2.67% |
4,600,000
+995,748
| +28% | +$34.6M |
2023 Q1
3 quarters
|
|
|
13
Corpay
CPAY
$27.2B
| $174M | 2.62% |
+615,000
| New | +$153M |
2023 Q4
0 quarters
|
|
|
14
Verizon
VZ
$188B
| $173M | 2.61% |
+4,675,000
| New | +$165M |
2023 Q4
0 quarters
|
|
15
International Flavors & Fragrances
IFF
$23.9B
| $167M | 2.51% |
2,060,000
-415,000
| -17% | -$30M |
2022 Q4
4 quarters
|
|
16
TSMC
TSM
$2.14T
| $122M | 1.84% |
1,175,000
-600,000
| -34% | -$57.2M |
2023 Q2
2 quarters
|
|
|
17
Intercontinental Exchange
ICE
$92B
| $89.9M | 1.35% |
700,000
-1,689,934
| -71% | -$192M |
2023 Q2
2 quarters
|
|
18
WESCO International
WCC
$15.8B
| $86.9M | 1.31% |
500,000
-125,000
| -20% | -$18.7M |
2023 Q1
3 quarters
|
|
|
19
Apollo Global Management
APO
$67.8B
| $83.9M | 1.26% |
+900,000
| New | +$79.5M |
2023 Q4
0 quarters
|
|
|
20
McKesson
MCK
$118B
| $76.4M | 1.15% |
+165,000
| New | +$75M |
2023 Q4
0 quarters
|
|
|
21
EQT Corp
EQT
$34.2B
| $75.4M | 1.14% |
+1,950,000
| New | +$79.1M |
2023 Q4
0 quarters
|
|
|
22
Uber
UBER
$141B
| $61.6M | 0.93% |
1,000,000
-3,200,000
| -76% | -$167M |
2023 Q2
2 quarters
|
|
|
23
DELISTED
Apollo Global Management Series A
APO.PRA
| $50.8M | 0.76% |
900,000
| – | – |
2023 Q3
1 quarter
|
|
24
DELISTED
Global Blue Group Holding
GB
| $39.7M | 0.6% |
8,387,601
| – | – |
2018 Q2
22 quarters
|
|
25
Telephone and Data Systems
TDS
$4B
| $39.2M | 0.59% |
2,136,832
| – | – |
2023 Q3
1 quarter
|
|
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Third Point's Q4 2023 Portfolio in Review
As of Q4 2023, Third Point held 48 positions worth $6.64B, up 0.68% from $6.59B the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Third Point withdrew a net $765M in Q4 2023, closing 11 positions and reducing 11 holdings. Its most notable exit was Option Care Health, an estimated $176M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 19% of assets, up from 16% a quarter earlier, followed by Utilities and Technology.
Against the trend, Third Point opened a new position in Verizon worth $173M.
- Third Point's largest Q4 2023 buy was Verizon: 4,675,000 shares worth $173M.
- Third Point added most to Vistra in Q4 2023, an estimated $34.6M increase.
- Third Point's biggest Q4 2023 reduction was Intercontinental Exchange, cutting an estimated $192M.
- Third Point fully exited Option Care Health in Q4 2023, selling an estimated $176M.
- Third Point's ten largest holdings make up 74% of its $6.64B portfolio in Q4 2023.
- Third Point opened 6 new positions and closed 11 in Q4 2023.
- Third Point's portfolio value rose 0.68% quarter-over-quarter to $6.64B.
Based on Third Point's 13F filing for Q4 2023, filed 14 Feb 2024.