Third Point 13F holdings, Q3 2008
Holdings as of September 30, 2008 · filings on SEC EDGAR · latest filing →
Third Point disclosed 52 US equity positions worth $1.3bn in its Q3 2008 13F filing. The largest position was DR PEPPER SNAPPLE GROUP INC at 6.8% of the reported book, followed by PHOENIX COS INC NEW and PLAINS EXPL& PRODTN CO. Against the Q2 2008 filing, it opened 14 new positions, added to 5 and reduced 11 among the top 50 holdings.
What did Third Point own in Q3 2008? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2008 |
|---|---|---|---|---|---|---|---|
| 1 | DR PEPPER SNAPPLE GROUP INC | 6.8% | $88.7m | 3,350,000 | – | new | |
| 2 | PHOENIX COS INC NEW | 6.4% | $83.2m | 9,000,000 | 58% | added | |
| 3 | PLAINS EXPL& PRODTN CO | 6.2% | $80.9m | 2,300,000 | -44% | reduced | |
| 4 | TDC TERADATA CORP DEL | Technology | 6.0% | $78.0m | 4,000,000 | 74% | added |
| 5 | LEAP WIRELESS INTL INC | 5.3% | $68.6m | 1,800,000 | -31% | reduced | |
| 6 | TIBCO SOFTWARE INC | 4.2% | $54.9m | 7,500,000 | 103% | added | |
| 7 | SPY SPDR TR UNIT SER 1 | 4.1% | $53.2m | 458,400 | 0% | held | |
| 8 | ANHEUSER BUSCH COS INC | 4.0% | $51.9m | 800,000 | – | new | |
| 9 | AEO AMERICAN EAGLE OUTFITTERS NE | Consumer Cyclical | 3.8% | $49.6m | 3,250,000 | -35% | reduced |
| 10 | ROHM & HAAS CO | 3.8% | $49.0m | 700,000 | – | new | |
| 11 | LIBERTY ACQUISITION HLDGS CO UNIT 99/99/9999 | 3.8% | $49.0m | 5,500,000 | 0% | held | |
| 12 | THOMPSON CREEK METALS CO INC | 3.2% | $41.7m | 4,500,000 | 10% | added | |
| 13 | MEADWESTVACO CORP | 2.6% | $33.8m | 1,450,000 | -42% | reduced | |
| 14 | CVS CVS CAREMARK CORPORATION | Healthcare | 2.6% | $33.7m | 1,000,000 | – | new |
| 15 | NABI BIOPHARMACEUTICALS | 2.5% | $32.1m | 6,890,000 | 0% | held | |
| 16 | HEWLETT PACKARD CO | 2.3% | $30.1m | 650,000 | – | new | |
| 17 | TXCO RES INC | 2.2% | $28.3m | 2,820,000 | 0% | held | |
| 18 | COVIDIEN LTD | 2.1% | $26.9m | 500,000 | -69% | reduced | |
| 19 | CORE CORE MARK HOLDING CO INC | 2.1% | $26.6m | 1,064,200 | 0% | held | |
| 20 | PHH CORP | 2.1% | $26.6m | 2,000,000 | 0% | held | |
| 21 | DEPOMED INC | 2.0% | $25.7m | 7,050,000 | 0% | held | |
| 22 | MAGUIRE PPTYS INC | 1.9% | $25.2m | 4,225,000 | 0% | held | |
| 23 | VICTORY ACQUISITION CORP | 1.9% | $25.2m | 2,650,000 | 0% | held | |
| 24 | TGT TARGET CORP | Consumer Defensive | 1.9% | $24.5m | 500,000 | 19% | added |
| 25 | WENDYS INTL INC | 1.5% | $19.7m | 3,750,000 | – | new | |
| 26 | FLOW INTL CORP | 1.5% | $19.6m | 3,850,000 | -16% | reduced | |
| 27 | EPICOR SOFTWARE CORP | 1.5% | $18.9m | 2,400,000 | – | new | |
| 28 | GLRE GREENLIGHT CAPITAL RE LTD | Financial Services | 1.3% | $16.7m | 725,000 | -3% | reduced |
| 29 | UST INC | 1.3% | $16.6m | 250,000 | – | new | |
| 30 | NPO ENPRO INDS INC | Industrials | 1.1% | $14.3m | 385,000 | -55% | reduced |
| 31 | GLG PARTNERS INC | 0.8% | $10.4m | 1,920,000 | -36% | reduced | |
| 32 | DIN DINEEQUITY INC | Consumer Cyclical | 0.8% | $9.9m | 590,000 | – | new |
| 33 | GLOBAL BRANDS ACQUISITION CO UNIT 99/99/9999 | 0.7% | $9.5m | 1,000,000 | 0% | held | |
| 34 | GLOBAL CONSUMER ACQST CORP UNIT 99/99/9999 | 0.7% | $9.3m | 1,000,000 | 0% | held | |
| 35 | TRIAN ACQUISITION I CORP UNIT 99/99/9999 | 0.7% | $9.2m | 1,000,000 | 0% | held | |
| 36 | MERRILL LYNCH & CO INC | 0.5% | $6.3m | 250,000 | – | new | |
| 37 | AUGUSTA RES CORP | 0.5% | $6.1m | 1,740,000 | 0% | held | |
| 38 | LIGAND PHARMACEUTICALS INC | 0.5% | $5.9m | 2,007,378 | 0% | held | |
| 39 | VANTAGE DRILLING COMPANY | 0.4% | $5.6m | 1,875,000 | 0% | held | |
| 40 | HECKMANN CORP *W EXP 11/09/201 | 0.4% | $5.4m | 2,500,000 | – | new | |
| 41 | EPICOR SOFTWARE CORP | 0.4% | $5.0m | 8,000,000 | – | new | |
| 42 | OSIS OSI SYSTEMS INC | Technology | 0.4% | $4.8m | 204,495 | 0% | held |
| 43 | HECKMANN CORP | 0.3% | $4.1m | 500,000 | – | new | |
| 44 | EMCORE CORP | 0.2% | $3.2m | 650,000 | -13% | reduced | |
| 45 | BIOFUEL ENERGY CORP | 0.2% | $3.2m | 5,578,800 | 0% | held | |
| 46 | GLG PARTNERS INC *W EXP 12/28/201 | 0.1% | $1.5m | 2,049,900 | -0% | held | |
| 47 | VANTAGE DRILLING COMPANY *W EXP 05/24/201 | 0.1% | $900.0k | 1,875,000 | 0% | held | |
| 48 | VICTORY ACQUISITION CORP *W EXP 04/24/201 | 0.1% | $743.0k | 1,650,000 | 0% | held | |
| 49 | PROGRESSIVE GAMING INTL CORP | 0.1% | $715.0k | 500,000 | -88% | reduced | |
| 50 | EDCI HLDGS INC | 0.0% | $620.0k | 155,000 | – | new |
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.