Third Point 13F holdings, Q4 2008
Holdings as of December 31, 2008 · filings on SEC EDGAR · latest filing →
Third Point disclosed 34 US equity positions worth $690.6m in its Q4 2008 13F filing. The largest position was GLD at 11.3% of the reported book, followed by WACHOVIA CORP NEW and PHH CORP. Against the Q3 2008 filing, it opened 12 new positions, added to 3 and reduced 11 among the top 34 holdings.
What did Third Point own in Q4 2008? Top 34 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2008 |
|---|---|---|---|---|---|---|---|
| 1 | GLD SPDR GOLD TRUST GOLD | 11.3% | $77.9m | 900,000 | – | new | |
| 2 | WACHOVIA CORP NEW | 10.0% | $69.3m | 12,510,000 | – | new | |
| 3 | PHH CORP | 9.6% | $66.3m | 5,210,000 | 160% | added | |
| 4 | LIBERTY ACQUISITION HLDGS CO | 8.3% | $57.3m | 6,914,000 | – | new | |
| 5 | POTASH CORP SASK INC | 6.4% | $43.9m | 600,000 | – | new | |
| 6 | TDC TERADATA CORP DEL | Technology | 6.0% | $41.4m | 2,792,000 | -30% | reduced |
| 7 | SPY SPDR TR UNIT SER 1 | 6.0% | $41.4m | 458,400 | 0% | held | |
| 8 | UST INC | 4.0% | $27.8m | 400,000 | 60% | added | |
| 9 | VICTORY ACQUISITION CORP | 3.7% | $25.3m | 2,611,700 | -1% | reduced | |
| 10 | TRIAN ACQUISITION I CORP | 3.5% | $24.5m | 2,750,000 | – | new | |
| 11 | NABI BIOPHARMACEUTICALS | 3.3% | $23.1m | 6,890,000 | 0% | held | |
| 12 | PHOENIX COS INC NEW | 3.3% | $23.0m | 7,044,000 | -22% | reduced | |
| 13 | TRIPLECROWN ACQUISITION CORP | 3.1% | $21.7m | 2,400,000 | – | new | |
| 14 | SAPPHIRE INDUSTRIALS CORP | 2.7% | $18.3m | 2,000,000 | – | new | |
| 15 | ROHM & HAAS CO | 2.2% | $15.4m | 250,000 | -64% | reduced | |
| 16 | CORE CORE MARK HOLDING CO INC | 2.1% | $14.4m | 670,000 | -37% | reduced | |
| 17 | GLOBAL BRANDS ACQUISITION CO | 1.7% | $12.0m | 1,307,700 | – | new | |
| 18 | DEPOMED INC | 1.7% | $11.6m | 7,050,000 | 0% | held | |
| 19 | GUARANTY FINL GROUP INC | 1.7% | $11.5m | 4,399,047 | – | new | |
| 20 | EPICOR SOFTWARE CORP | 1.4% | $9.4m | 1,959,800 | -18% | reduced | |
| 21 | GLRE GREENLIGHT CAPITAL RE LTD | Financial Services | 1.4% | $9.3m | 718,500 | -1% | reduced |
| 22 | GLOBAL CONSUMER ACQST CORP | 1.3% | $8.9m | 982,500 | – | new | |
| 23 | HICKS ACQUISITION CO I INC | 1.0% | $6.9m | 750,000 | – | new | |
| 24 | LIGAND PHARMACEUTICALS INC | 0.8% | $5.5m | 2,007,378 | 0% | held | |
| 25 | DIN DINEEQUITY INC | Consumer Cyclical | 0.8% | $5.5m | 472,900 | -20% | reduced |
| 26 | MAGUIRE PPTYS INC | 0.7% | $4.7m | 3,248,700 | -23% | reduced | |
| 27 | EPICOR SOFTWARE CORP | 0.6% | $4.3m | 9,000,000 | 12% | added | |
| 28 | TXCO RES INC | 0.4% | $3.1m | 2,048,700 | -27% | reduced | |
| 29 | MERRILL LYNCH & CO INC | 0.4% | $2.9m | 250,000 | 0% | held | |
| 30 | BIOFUEL ENERGY CORP | 0.3% | $1.8m | 5,578,800 | 0% | held | |
| 31 | LIFE TIME FITNESS INC | 0.2% | $1.2m | 95,000 | – | new | |
| 32 | STREAM GLOBAL SVCS INC *W EXP 10/17/201 | 0.1% | $563.0k | 3,125,000 | 0% | held | |
| 33 | VANTAGE DRILLING COMPANY *W EXP 05/24/201 | 0.0% | $188.0k | 1,875,000 | 0% | held | |
| 34 | VICTORY ACQUISITION CORP *W EXP 04/24/201 | 0.0% | $88.0k | 1,250,000 | -24% | reduced |
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.