Third Point 13F annual report
Third Point is an investment fund managing more than $8.73 trillion ran by Daniel Loeb. There are currently 37 companies in Mr. Loeb’s portfolio. The largest investments include Amazon.com and Pge Corp, together worth $1.92 trillion.
$8.73 trillion Assets Under Management (AUM)
As of 7th August 2024, Third Point’s top holding is 5,100,000 shares of Amazon.com currently worth over $986 billion and making up 11.3% of the portfolio value.
Relative to the number of outstanding shares of Amazon.com, Third Point owns more than approximately 0.1% of the company.
In addition, the fund holds 53,750,000 shares of Pge Corp worth $938 billion.
The third-largest holding is Microsoft worth $706 billion and the next is Meta Platforms Inc worth $555 billion, with 1,100,000 shares owned.
Currently, Third Point's portfolio is worth at least $8.73 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Third Point
The Third Point office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Daniel Loeb serves as the CEO at Third Point.
Recent trades
In the most recent 13F filing, Third Point revealed that it had opened a new position in
Apple Inc and bought 1,950,000 shares worth $411 billion.
This means they effectively own approximately 0.1% of the company.
Apple Inc makes up
25.1%
of the fund's Consumer Discretionary sector allocation and has grown its share price by 23.3% in the past year.
The investment fund also strengthened its position in Taiwan Semiconductor Mfg Ltd by buying
850,000 additional shares.
This makes their stake in Taiwan Semiconductor Mfg Ltd total 2,025,000 shares worth $352 billion.
On the other hand, there are companies that Third Point is getting rid of from its portfolio.
Third Point closed its position in Sp Global Inc on 14th August 2024.
It sold the previously owned 335,000 shares for $143 billion.
Daniel Loeb also disclosed a decreased stake in Pge Corp by approximately 0.1%.
This leaves the value of the investment at $938 billion and 53,750,000 shares.
One of the largest hedge funds
The two most similar investment funds to Third Point are Czech National Bank and Srs Investment Management. They manage $8.73 trillion and $8.71 trillion respectively.
Daniel Loeb investment strategy
Third Point’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Technology — making up 23.4% of
the total portfolio value.
The fund focuses on investments in the United States as
56.8% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
46% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $278 billion.
The complete list of Third Point trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Amazon.com Inc. |
No change
5,100,000
|
$985,575,000,000 | 11.30% |
| Pge Corp |
7.10%
53,750,000
|
$938,475,000,000 | 10.76% |
| Microsoft Corporation |
10.48%
1,580,000
|
$706,181,000,000 | 8.09% |
| Meta Platforms Inc |
11.00%
1,100,000
|
$554,642,000,000 | 6.36% |
| Danaher Corp. |
No change
2,050,000
|
$512,192,500,000 | 5.87% |
| Bath Body Works Inc |
6.81%
11,975,000
|
$467,623,750,000 | 5.36% |
| Apple Inc |
Opened
1,950,000
|
$410,709,000,000 | 4.71% |
| Vistra Corp |
No change
4,470,000
|
$384,330,600,000 | 4.40% |
| Alphabet Inc |
34.00%
1,980,000
|
$360,657,000,000 | 4.13% |
| Taiwan Semiconductor Mfg Ltd |
72.34%
2,025,000
|
$351,965,250,000 | 4.03% |
| American Intl Group Inc |
No change
3,450,000
|
$256,128,000,000 | 2.94% |
| Jacobs Solutions Inc |
0.39%
1,743,239
|
$243,547,921,000 | 2.79% |
| Corpay Inc |
17.69%
765,000
|
$203,803,650,000 | 2.34% |
| Verizon Communications Inc |
No change
4,675,000
|
$192,797,000,000 | 2.21% |
| Amphenol Corp. |
Opened
2,800,000
|
$188,636,000,000 | 2.16% |
| Ferguson Plc New |
11.47%
965,000
|
$186,872,250,000 | 2.14% |
| Uber Technologies Inc |
320.00%
2,100,000
|
$152,628,000,000 | 1.75% |
| Cinemark Holdings Inc |
40.00%
7,000,000
|
$151,340,000,000 | 1.73% |
| KB Home |
Opened
2,100,000
|
$147,378,000,000 | 1.69% |
| Sp Global Inc |
Closed
335,000
|
$142,525,750,000 | |
| Intercontinental Exchange In |
No change
1,000,000
|
$136,890,000,000 | 1.57% |
| Roper Technologies Inc |
Opened
240,000
|
$135,098,160,000 | 1.55% |
| Live Nation Entertainment In |
Opened
1,365,000
|
$127,955,100,000 | 1.47% |
| International Flavorsfragra |
7.14%
1,300,000
|
$123,773,000,000 | 1.42% |
| Apollo Global Mgmt Inc |
No change
1,900,000
|
$177,119,000,000 | 2.03% |
| Marvell Technology Inc |
Closed
1,525,000
|
$108,001,263,000 | |
| Goldman Sachs Group, Inc. |
Closed
250,000
|
$104,422,500,000 | |
| Advance Auto Parts Inc |
No change
1,500,100
|
$94,617,307,000 | 1.08% |
| Hess Corporation |
Opened
625,000
|
$92,200,000,000 | 1.06% |
| Wesco International, Inc. |
Closed
525,200
|
$89,956,256,000 | |
| Asml Holding N V |
Opened
80,000
|
$81,818,400,000 | 0.94% |
| MSCI Inc |
Opened
150,000
|
$72,262,500,000 | 0.83% |
| EQT Corp |
No change
1,950,000
|
$72,111,000,000 | 0.83% |
| CRH Plc |
Opened
650,000
|
$48,737,000,000 | 0.56% |
| Telephone Data Sys Inc |
6.05%
2,266,060
|
$46,975,424,000 | 0.54% |
| Global Blue Group Holding AG |
No change
8,387,601
|
$40,428,237,000 | 0.46% |
| Micron Technology Inc. |
Opened
275,000
|
$36,139,125,000 | 0.41% |
| United States Cellular Corporation |
No change
545,344
|
$30,441,102,000 | 0.35% |
| Gartner, Inc. |
Closed
55,000
|
$26,216,850,000 | |
| Dynatrace Inc |
Opened
150,000
|
$6,711,000,000 | 0.08% |
| Flyexclusive Inc |
No change
1,022,000
|
$4,118,660,000 | 0.05% |
| Aurora Innovation Inc |
No change
1,032,463
|
$2,859,923,000 | 0.03% |
| Patterson-UTI Energy Inc |
Closed
150,000
|
$1,791,000,000 | |
| No transactions found | |||
| Showing first 500 out of 43 holdings | |||
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