Third Point 13F holdings, Q1 2010
Holdings as of March 31, 2010 · filings on SEC EDGAR · latest filing →
Third Point disclosed 32 US equity positions worth $1.0bn in its Q1 2010 13F filing. The largest position was PHH CORP at 10.4% of the reported book, followed by CIT GROUP INC and LIBERTY MEDIA CORP NEW INT. Against the Q4 2009 filing, it opened 17 new positions, added to 4 and reduced 4 among the top 32 holdings.
What did Third Point own in Q1 2010? Top 32 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2009 |
|---|---|---|---|---|---|---|---|
| 1 | PHH CORP | 10.4% | $106.1m | 4,500,000 | -8% | reduced | |
| 2 | CIT GROUP INC | 9.0% | $91.6m | 2,350,000 | 34% | added | |
| 3 | LIBERTY MEDIA CORP NEW INT | 7.2% | $73.4m | 4,800,000 | – | new | |
| 4 | OSI PHARMACEUTICALS INC | 7.0% | $71.5m | 1,200,000 | – | new | |
| 5 | XEROX CORP | 6.7% | $68.2m | 7,000,000 | 75% | added | |
| 6 | WALGREEN CO | 5.5% | $55.6m | 1,500,000 | – | new | |
| 7 | COCA COLA ENTERPRISES INC | 5.5% | $55.4m | 2,002,000 | – | new | |
| 8 | ASPEN TECHNOLOGY INC | 5.1% | $51.5m | 5,021,000 | – | new | |
| 9 | PALL CORP | 4.0% | $40.5m | 1,000,000 | – | new | |
| 10 | ALCON INC | 3.6% | $36.9m | 325,000 | – | new | |
| 11 | POPULAR INC | 3.6% | $36.4m | 12,500,000 | 25% | added | |
| 12 | NABI BIOPHARMACEUTICALS | 3.2% | $32.5m | 5,914,100 | -14% | reduced | |
| 13 | TM TOYOTA MOTOR CORP SP | Consumer Cyclical | 3.2% | $32.2m | 400,000 | – | new |
| 14 | PHILLIPS VAN HEUSEN CORP | 2.8% | $28.7m | 500,000 | – | new | |
| 15 | RF MICRODEVICES INC | 2.5% | $24.9m | 5,000,000 | – | new | |
| 16 | DEPOMED INC | 2.4% | $24.1m | 6,790,000 | 0% | held | |
| 17 | LEA LEAR CORP | Consumer Cyclical | 2.3% | $23.8m | 300,000 | – | new |
| 18 | DIRECTV | 2.3% | $23.7m | 700,000 | 0% | held | |
| 19 | BROCADE COMMUNICATIONS SYS I | 2.2% | $22.8m | 4,000,000 | – | new | |
| 20 | AMD ADVANCED MICRO DEVICES INC | Technology | 2.1% | $20.9m | 2,250,000 | 50% | added |
| 21 | BIOFUEL ENERGY CORP | 1.5% | $14.8m | 5,578,800 | 0% | held | |
| 22 | M MACYS INC | Consumer Cyclical | 1.3% | $13.1m | 600,000 | – | new |
| 23 | ALKERMES INC | 1.3% | $13.0m | 1,000,000 | – | new | |
| 24 | WASHINGTON POST CO | 1.2% | $12.0m | 27,000 | – | new | |
| 25 | VIVUS INC | 0.9% | $8.7m | 1,000,000 | – | new | |
| 26 | KRAFT FOODS INC | 0.8% | $8.2m | 272,291 | – | new | |
| 27 | ABRAXAS PETE CORP | 0.8% | $8.2m | 4,801,054 | 0% | held | |
| 28 | DAN DANA HOLDING CORP | Consumer Cyclical | 0.6% | $5.9m | 500,000 | -69% | reduced |
| 29 | PHOENIX COS INC NEW | 0.4% | $4.0m | 1,650,000 | -76% | reduced | |
| 30 | LIGAND PHARMACEUTICALS INC | 0.3% | $3.5m | 2,007,378 | 0% | held | |
| 31 | EMMIS COMMUNICATIONS CORP | 0.3% | $3.2m | 206,000 | 0% | held | |
| 32 | VANTAGE DRILLING COMPANY *W EXP 05/24/201 | 0.0% | $55.0k | 1,875,000 | 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.