This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Third Point LLC, Movement In Hedge Fund Manager Dan Loeb's Portfolio

Famed hedge fund manager Dan Loeb’s hedge fund Third Point LLC released its latest list of stock holdings on February 14 th and it included some additions and changes that will intrigue readers.

As Yahoo! Inc continues its recent recovery under Marrisa Meyer’s stewardship, Dan Loeb has profited enormously for making the technology company the largest holding by value in the hedge fund’s portfolio. The fund’s 73 million shares in Yahoo ( YHOO) rose from $1.17 billion in the third quarter of 2012 to $1.5 billion in the most recent quarter. In the same quarter, Third Point also got rid of its remaining stake in Apple ( AAPL), selling 710 thousand shares for more than $400 million. Here are some of the other big positions that Third Point got rid of:

Kraft Foods (KRFT): Sold 5 million shares worth $207 million
United Technologies (UTX): Sold 1.6 million shares worth $125 million
UnitedHealth Group (UNH): Sold 2 million shares worth $111 million

Dan Loeb also added 19 new positions in his hedge fund in the fourth quarter, with its top three largest additions being $179 million of News Corp ( NWS), $160 million of Tesoro Corp ( TSO), and $148 million of Morgan Stanley ( MS). Here is a description of his new positions:

News Corp (NWS)
Tesoro Corp (TSO)
Morgan Stanley (MS)

Here are the top ten positions of Dan Loeb’s Third Point Capital as of Dec 31, 2012 by value:

Interactive chart: Compare changes in 1-year return for the stocks listed below. As you can see, it's been a good year for Third Point LLC:

(Access a  performance overview  for all stocks in the list)

1. Yahoo! Inc. ( YHOO):  Market cap at $24.86B, most recent closing price at $21.02. 

Total value: $1,452,708

2. American International Group, Inc. ( AIG): Market cap at $56.62B, most recent closing price at $38.35.

Total value: $653,050

3. Delphi Automotive PLC ( DLPH):  Market cap at $12.61B, most recent closing price at $39.98.

Total value: $382,500

4. Murphy Oil Corporation ( MUR):  Market cap at $11.92B, most recent closing price at $61.35.

Total value: $370,103

5. News Corp ( NWS): Market cap at $68.2B, most recent open price at $29.43.

Total value: $178,570

6. Tesoro Corporation ( TSO): Market cap at $7.67B, most recent closing price at $54.64.

Total value: $160,782

7. Morgan Stanley ( MS):  Market cap at $47.28B, most recent closing price at $23.87.

Total value: $148,180

8. LyondellBasell Industries NV ( LYB): Market cap at $34.74B, most recent closing price at $60.40.

Total value: $137,016

9. Nexen Inc. ( NXY): Market cap at $14.54B, most recent closing price at $27.43.

Total value: $134,700

10. Symantec Corporation ( SYMC ): Market cap at $15.53B, most recent closing price at $22.53.

Total value: $126,094

Compare changes in average analyst ratings for the stocks on this list:

( List compiled by Kapitall Contributor SiHien Goh )


Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,188.12 -100.51 -0.55%
S&P 500 2,107.46 -9.93 -0.47%
NASDAQ 4,979.5680 -28.5280 -0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs