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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
+15.37%
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
$7.85B
AUM Growth
+$1.21B
(+18%)
Cap. Flow
+$345M
Cap. Flow % of AUM
Cap. Flow %
4.39%
Top 10 Holdings %
Top 10 Hldgs %
72.51%
Holding
46
New
9
Increased
6
Reduced
5
Closed
6
Avg Time Held
Equity + Options
1.3
years
Top 10 Avg Time Held
Equity + Options
1.4
years
Top 20 Avg Time Held
Equity + Options
1.2
years
Avg Time Held Equity only
1.3
years
Top 10 Avg Time Held Equity only
1.4
years
Top 20 Avg Time Held Equity only
1.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$429M |
| 2 |
Amazon
AMZN
|
+$150M |
| 3 |
S&P Global
SPGI
|
+$145M |
| 4 |
Marvell Technology
MRVL
|
+$104M |
| 5 |
Advance Auto Parts
AAP
|
+$104M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
US Steel
X
|
+$268M |
| 2 |
DuPont de Nemours
DD
|
+$267M |
| 3 |
Microsoft
MSFT
|
+$101M |
| 4 |
McKesson
MCK
|
+$76.4M |
| 5 |
International Flavors & Fragrances
IFF
|
+$53M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 21.57% |
| 2 | Communication Services | 17.71% |
| 3 | Technology | 16.82% |
| 4 | Utilities | 16.32% |
| 5 | Financials | 9.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PG&E
PCG
$37.9B
| $970M | 12.36% |
57,860,000
| – | – |
2020 Q3
14 quarters
|
|
|
2
Amazon
AMZN
$2.68T
| $920M | 11.72% |
5,100,000
+900,000
| +21% | +$150M |
2023 Q2
3 quarters
|
|
|
3
Microsoft
MSFT
$3.87T
| $743M | 9.46% |
1,765,000
-250,000
| -12% | -$101M |
2022 Q4
5 quarters
|
|
4
Bath & Body Works
BBWI
$4.24B
| $643M | 8.19% |
12,850,000
-1,000,000
| -7% | -$44.9M |
2022 Q3
6 quarters
|
|
5
Meta Platforms (Facebook)
META
$1.64T
| $600M | 7.65% |
1,236,000
+76,000
| +7% | +$33.9M |
2023 Q3
2 quarters
|
|
6
Danaher
DHR
$160B
| $512M | 6.52% |
2,050,000
| – | – |
2015 Q3
34 quarters
|
|
|
7
Alphabet (Google) Class A
GOOGL
$3.95T
| $453M | 5.77% |
+3,000,000
| New | +$429M |
2024 Q1
0 quarters
|
|
8
Vistra
VST
$46B
| $311M | 3.97% |
4,470,000
-130,000
| -3% | -$6.43M |
2023 Q1
4 quarters
|
|
9
American International
AIG
$43B
| $270M | 3.44% |
3,450,000
| – | – |
2022 Q4
5 quarters
|
|
10
Jacobs Solutions
J
$16.9B
| $269M | 3.43% |
2,115,698
| – | – |
2023 Q1
4 quarters
|
|
11
Ferguson
FERG
$43.5B
| $238M | 3.03% |
1,090,000
| – | – |
2022 Q3
6 quarters
|
|
12
Corpay
CPAY
$26.7B
| $201M | 2.56% |
650,000
+35,000
| +6% | +$10M |
2023 Q4
1 quarter
|
|
13
Verizon
VZ
$182B
| $193M | 2.46% |
4,675,000
| – | – |
2023 Q4
1 quarter
|
|
14
TSMC
TSM
$2.17T
| $160M | 2.04% |
1,175,000
| – | – |
2023 Q2
3 quarters
|
|
|
15
S&P Global
SPGI
$133B
| $143M | 1.82% |
+335,000
| New | +$145M |
2024 Q1
0 quarters
|
|
16
Intercontinental Exchange
ICE
$91.8B
| $137M | 1.75% |
1,000,000
+300,000
| +43% | +$39.8M |
2023 Q2
3 quarters
|
|
|
17
Advance Auto Parts
AAP
$2.77B
| $127M | 1.62% |
+1,500,100
| New | +$104M |
2024 Q1
0 quarters
|
|
|
18
International Flavors & Fragrances
IFF
$23.8B
| $120M | 1.53% |
1,400,000
-660,000
| -32% | -$53M |
2022 Q4
5 quarters
|
|
19
Apollo Global Management
APO
$66.7B
| $112M | 1.43% |
1,000,000
+100,000
| +11% | +$10.6M |
2023 Q4
1 quarter
|
|
|
20
Marvell Technology
MRVL
$203B
| $108M | 1.38% |
+1,525,000
| New | +$104M |
2024 Q1
0 quarters
|
|
21
Goldman Sachs
GS
$256B
| $104M | 1.33% |
+250,000
| New | +$97M |
2024 Q1
0 quarters
|
|
22
WESCO International
WCC
$15.4B
| $90M | 1.15% |
525,200
+25,200
| +5% | +$4.16M |
2023 Q1
4 quarters
|
|
23
Cinemark Holdings
CNK
$4.65B
| $89.8M | 1.15% |
+5,000,000
| New | +$78.8M |
2024 Q1
0 quarters
|
|
24
EQT Corp
EQT
$34.5B
| $72.3M | 0.92% |
1,950,000
| – | – |
2023 Q4
1 quarter
|
|
|
25
DELISTED
Apollo Global Management Series A
APO.PRA
| $57.4M | 0.73% |
900,000
| – | – |
2023 Q3
2 quarters
|
|
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Third Point's Q1 2024 Portfolio in Review
As of Q1 2024, Third Point held 46 positions worth $7.85B, up 18% from $6.64B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Third Point deployed $345M of net new capital in Q1 2024, opening 9 new positions and adding to 6 existing holdings. Its largest new stake was Alphabet (Google) Class A: 3,000,000 shares worth $453M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 22% of assets, up from 19% a quarter earlier, followed by Communication Services and Technology.
On the sell side, the largest reduction was Microsoft, an estimated $101M trimmed.
- Third Point's largest Q1 2024 buy was Alphabet (Google) Class A: 3,000,000 shares worth $453M.
- Third Point added most to Amazon in Q1 2024, an estimated $150M increase.
- Third Point's biggest Q1 2024 reduction was Microsoft, cutting an estimated $101M.
- Third Point fully exited US Steel in Q1 2024, selling an estimated $268M.
- Third Point's ten largest holdings make up 73% of its $7.85B portfolio in Q1 2024.
- Third Point opened 9 new positions and closed 6 in Q1 2024.
- Third Point's portfolio value rose 18% quarter-over-quarter to $7.85B.
Based on Third Point's 13F filing for Q1 2024, filed 15 May 2024.