Third Point 13F holdings, Q1 2006
Holdings as of March 31, 2006 · filings on SEC EDGAR · latest filing →
Third Point disclosed 62 US equity positions worth $2.0bn in its Q1 2006 13F filing. The largest position was MASSEY ENERGY CORP at 8.5% of the reported book, followed by LEAP WIRELESS INTL INC and DADE BEHRING HLDGS INC. Against the Q4 2005 filing, it opened 21 new positions, added to 10 and reduced 10 among the top 50 holdings.
What did Third Point own in Q1 2006? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2005 |
|---|---|---|---|---|---|---|---|
| 1 | MASSEY ENERGY CORP | 8.5% | $173.1m | 4,800,000 | 7% | added | |
| 2 | LEAP WIRELESS INTL INC | 5.8% | $118.4m | 2,717,300 | -12% | reduced | |
| 3 | DADE BEHRING HLDGS INC | 5.7% | $116.4m | 3,260,000 | -45% | reduced | |
| 4 | PNC PNC FINL SVCS GROUP INC | Financial Services | 5.6% | $114.4m | 1,700,000 | – | new |
| 5 | PLAINS EXPL& PRODTN CO | 5.5% | $112.1m | 2,900,000 | -6% | reduced | |
| 6 | LIGAND PHARMACEUTICALS INC | 4.6% | $94.8m | 7,375,000 | 0% | held | |
| 7 | AXP AMERICAN EXPRESS CO | Financial Services | 4.6% | $94.6m | 1,800,000 | 0% | held |
| 8 | WESTERN GAS RES INC | 4.0% | $80.8m | 1,675,000 | -73% | reduced | |
| 9 | FIRST DATA CORP | 3.8% | $77.3m | 1,650,000 | 106% | added | |
| 10 | NEXEN INC | 3.2% | $66.0m | 1,200,000 | -8% | reduced | |
| 11 | AEP INDS INC | 2.9% | $59.3m | 2,000,000 | 0% | held | |
| 12 | FLOW INTL CORP | 2.9% | $59.0m | 4,483,000 | 11% | added | |
| 13 | HUN HUNTSMAN CORP | Basic Materials | 2.2% | $45.5m | 2,360,000 | 0% | held |
| 14 | PHELPS DODGE CORP | 2.2% | $44.7m | 555,000 | – | new | |
| 15 | VLO VALERO ENERGY CORP NEW | Energy | 2.1% | $43.3m | 725,000 | 262% | added |
| 16 | CBS CORP NEW | 1.9% | $38.1m | 1,590,000 | – | new | |
| 17 | FIDELITY NATL FINL INC | 1.7% | $35.5m | 1,000,000 | 0% | held | |
| 18 | AMT TD AMERITRADE HLDG CORP | Real Estate | 1.7% | $35.1m | 1,680,000 | – | new |
| 19 | CORE CORE MARK HOLDING CO INC | 1.7% | $33.9m | 885,000 | -9% | reduced | |
| 20 | LONE STAR TECHNOLOGIES INC | 1.7% | $33.8m | 610,600 | – | new | |
| 21 | NYSE GROUP INC | 1.6% | $33.7m | 425,000 | – | new | |
| 22 | RUDDICK CORP | 1.6% | $32.3m | 1,330,000 | 33% | added | |
| 23 | IPSCO INC | 1.5% | $31.2m | 300,000 | 0% | held | |
| 24 | WASHINGTON GROUP INTL INC | 1.4% | $28.7m | 500,000 | – | new | |
| 25 | SIX FLAGS INC | 1.4% | $28.0m | 2,750,000 | 0% | held | |
| 26 | CYPRESS SEMICONDUCTOR CORP | 1.3% | $26.7m | 1,576,500 | -17% | reduced | |
| 27 | SPRINT NEXTEL CORP | 1.3% | $25.8m | 1,000,000 | – | new | |
| 28 | CTRA CABOT OIL & GAS CORP | 1.2% | $24.0m | 500,000 | – | new | |
| 29 | ABT ABBOTT LABS | Healthcare | 1.1% | $23.4m | 550,000 | – | new |
| 30 | OSI PHARMACEUTICALS INC | 1.0% | $20.9m | 650,000 | 106% | added | |
| 31 | NTL INC NEW | 1.0% | $20.4m | 700,000 | – | new | |
| 32 | MIRANT CORP NEW | 1.0% | $19.7m | 786,589 | – | new | |
| 33 | CABLEVISION SYS CORP | 0.9% | $18.7m | 700,000 | – | new | |
| 34 | MXIM MAXIM INTEGRATED PRODS INC | 0.9% | $18.6m | 500,000 | 100% | added | |
| 35 | NABI BIOPHARMACEUTICALS | 0.8% | $16.6m | 2,950,000 | – | new | |
| 36 | MITTAL STEEL CO N V NY REG SH | 0.7% | $15.1m | 400,000 | – | new | |
| 37 | SEARS HLDGS CORP | 0.7% | $14.2m | 200,000 | 0% | held | |
| 38 | MOLEX INC | 0.6% | $13.1m | 442,000 | – | new | |
| 39 | ALLTEL CORP | 0.6% | $12.9m | 200,000 | – | new | |
| 40 | BIOVAIL CORP | 0.6% | $12.2m | 500,000 | – | new | |
| 41 | EL PASO CORP | 0.6% | $12.1m | 1,000,000 | 186% | added | |
| 42 | COMVERSE TECHNOLOGY INC | 0.6% | $11.8m | 500,000 | – | new | |
| 43 | NEWS CORP | 0.6% | $11.6m | 700,000 | – | new | |
| 44 | FNF FIDELITY NATL TITLE GROUP IN | Financial Services | 0.5% | $11.2m | 490,000 | 0% | held |
| 45 | OPTIMAL GROUP INC | 0.5% | $10.9m | 750,000 | -17% | reduced | |
| 46 | NKTR NEKTAR THERAPEUTICS | Healthcare | 0.5% | $10.2m | 500,000 | -9% | reduced |
| 47 | IVANHOE MINES LTD | 0.5% | $9.6m | 1,000,000 | -20% | reduced | |
| 48 | LORAL SPACE & COMMUNICATNS L | 0.4% | $9.0m | 313,027 | 3% | added | |
| 49 | AMERICAN TOWER CORP | 0.4% | $7.6m | 250,000 | – | new | |
| 50 | ITRN ITURAN LOCATION AND CONTROL | Technology | 0.4% | $7.6m | 500,000 | 133% | added |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.