Third Point 13F holdings, Q1 2008
Holdings as of March 31, 2008 · filings on SEC EDGAR · latest filing →
Third Point disclosed 71 US equity positions worth $2.9bn in its Q1 2008 13F filing. The largest position was MA at 12.3% of the reported book, followed by CLEAR CHANNEL COMMUNICATIONS and QUESTAR CORP. Against the Q4 2007 filing, it opened 13 new positions, added to 10 and reduced 8 among the top 50 holdings.
What did Third Point own in Q1 2008? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2007 |
|---|---|---|---|---|---|---|---|
| 1 | MA MASTERCARD INC | Financial Services | 12.3% | $356.8m | 1,600,000 | 0% | held |
| 2 | CLEAR CHANNEL COMMUNICATIONS | 7.8% | $226.5m | 7,750,000 | 121% | added | |
| 3 | QUESTAR CORP | 6.8% | $198.0m | 3,500,000 | 0% | held | |
| 4 | BEA SYS INC | 5.8% | $167.6m | 8,750,000 | 0% | held | |
| 5 | CYPRESS SEMICONDUCTOR CORP | 3.9% | $113.3m | 4,800,000 | -43% | reduced | |
| 6 | PLAINS EXPL& PRODTN CO | 3.7% | $108.9m | 2,050,000 | 28% | added | |
| 7 | MEADWESTVACO CORP | 3.7% | $108.9m | 4,000,000 | 45% | added | |
| 8 | HUN HUNTSMAN CORP | Basic Materials | 3.5% | $101.3m | 4,300,000 | 115% | added |
| 9 | LEAP WIRELESS INTL INC | 3.2% | $93.2m | 2,000,000 | – | new | |
| 10 | MIRANT CORP NEW | 3.0% | $87.3m | 2,400,000 | -20% | reduced | |
| 11 | NYSE EURONEXT | 2.8% | $80.2m | 1,300,000 | -32% | reduced | |
| 12 | AEO AMERICAN EAGLE OUTFITTERS NE | Consumer Cyclical | 2.6% | $75.3m | 4,300,000 | – | new |
| 13 | COVIDIEN LTD | 2.4% | $70.8m | 1,600,000 | 392% | added | |
| 14 | SPY SPDR TR UNIT SER 1 | 2.1% | $60.5m | 458,400 | 5% | added | |
| 15 | LIBERTY ACQUISITION HLDGS CO UNIT 99/99/9999 | 2.0% | $57.2m | 5,500,000 | 0% | held | |
| 16 | THOMPSON CREEK METALS CO INC | 1.9% | $56.5m | 3,100,000 | 11% | added | |
| 17 | PHOENIX COS INC NEW | 1.8% | $53.7m | 4,400,000 | – | new | |
| 18 | GLG PARTNERS INC | 1.8% | $53.7m | 4,525,000 | -15% | reduced | |
| 19 | MAGUIRE PPTYS INC | 1.6% | $47.9m | 3,350,000 | – | new | |
| 20 | MYLAN INC | 1.6% | $47.6m | 4,100,000 | 30% | added | |
| 21 | FLOW INTL CORP | 1.6% | $46.1m | 5,060,000 | 0% | held | |
| 22 | DAIMLER AG REG | 1.4% | $41.7m | 487,000 | 27% | added | |
| 23 | SAFEWAY INC | 1.2% | $35.2m | 1,200,000 | – | new | |
| 24 | TXCO RES INC | 1.2% | $34.9m | 2,820,000 | 3% | added | |
| 25 | ATMEL CORP | 1.2% | $34.8m | 10,000,000 | -43% | reduced | |
| 26 | PHH CORP | 1.1% | $33.1m | 1,900,000 | – | new | |
| 27 | CORE CORE MARK HOLDING CO INC | 1.1% | $30.6m | 1,064,200 | 0% | held | |
| 28 | YAHOO INC | 1.0% | $28.9m | 1,000,000 | – | new | |
| 29 | NABI BIOPHARMACEUTICALS | 1.0% | $27.7m | 6,890,000 | 0% | held | |
| 30 | AK STL HLDG CORP | 0.9% | $27.2m | 500,000 | -29% | reduced | |
| 31 | IMCLONE SYS INC | 0.9% | $26.9m | 635,000 | -40% | reduced | |
| 32 | TRIPLECROWN ACQUISITION CORP UNIT 07/12/2012 | 0.9% | $26.5m | 2,750,000 | 0% | held | |
| 33 | NPO ENPRO INDS INC | Industrials | 0.9% | $26.5m | 850,000 | – | new |
| 34 | VICTORY ACQUISITION CORP | 0.9% | $24.9m | 2,650,000 | 0% | held | |
| 35 | DEPOMED INC | 0.8% | $24.0m | 7,050,000 | 0% | held | |
| 36 | TGT TARGET CORP | Consumer Defensive | 0.7% | $21.2m | 418,700 | 0% | held |
| 37 | APPLERA CORP | 0.7% | $18.9m | 575,000 | 0% | held | |
| 38 | STREETTRACKS GOLD TR GOLD | 0.6% | $18.1m | 200,000 | – | new | |
| 39 | BCE BCE INC | Communication Services | 0.6% | $16.9m | 500,000 | – | new |
| 40 | SIRF TECHNOLOGY HLDGS INC | 0.5% | $15.3m | 3,000,000 | – | new | |
| 41 | VANTAGE ENERGY SERVICES INC | 0.5% | $14.0m | 1,875,000 | 0% | held | |
| 42 | GLRE GREENLIGHT CAPITAL RE LTD | Financial Services | 0.5% | $13.9m | 750,000 | 0% | held |
| 43 | SP ACQUISITION HOLDINGS INC UNIT 99/99/9999 | 0.4% | $11.7m | 1,200,000 | 0% | held | |
| 44 | CHIPOTLE MEXICAN GRILL INC | 0.4% | $10.7m | 110,000 | -72% | reduced | |
| 45 | GLOBAL CONSUMER ACQST CORP UNIT 99/99/9999 | 0.3% | $9.9m | 1,000,000 | 0% | held | |
| 46 | TRIAN ACQUISITION I CORP UNIT 99/99/9999 | 0.3% | $9.9m | 1,000,000 | – | new | |
| 47 | GLOBAL BRANDS ACQUISITION CO UNIT 99/99/9999 | 0.3% | $9.7m | 1,000,000 | 0% | held | |
| 48 | SAPPHIRE INDUSTRIALS CORP UNIT 99/99/9999 | 0.3% | $9.6m | 1,000,000 | – | new | |
| 49 | GLG PARTNERS INC *W EXP 12/28/201 | 0.3% | $9.3m | 2,050,000 | 0% | held | |
| 50 | PROGRESSIVE GAMING INTL CORP | 0.3% | $8.5m | 4,000,000 | 0% | held |
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.