WhaleCreep

Third Point LLC 13F holdings, Q4 2014

Hedge fundSEC filingsCompare with another fundHoldings as of 2014-12-31, filed 2015-02-13

Third Point LLC disclosed 40 US equity positions worth $11.1bn in its Q4 2014 13F filing. Its largest position is AMGN at 15.3% of the reported book, followed by BABA and DOW CHEM CO. Versus Q3 2014 it opened 14 new positions, added to 12, reduced 7 and exited 13.

$11.1bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
40
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
15.3%
Largest position
The largest single position as a share of the reported equity book.
64.1%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
16
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
108
Quarters on file since Q3 1999
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q3 2014: 14 new, 12 added, 7 reduced, 13 exited

40 rows
AMGN AMGEN INCHealthcare15.3%$1.7bn10.68m+706%added
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical9.4%$1.0bn10.00m+39%added
DOW CHEM CO no ticker–9.1%$1.0bn22.00m0.0%held
ACTAVIS PLC no ticker–8.0%$888m3.45m+20%added
ALLY ALLY FINL INCFinancial Services6.4%$709m30.00m−28%reduced
EBAY EBAY INC.Consumer Cyclical5.1%$561m10.00m+122%added
PSX PHILLIPS 66Energy3.2%$359m5.00m–new
BID1EUR SOTHEBYS–2.6%$287m6.65m0.0%held
DG DOLLAR GEN CORPConsumer Defensive2.6%$283m4.00m0.0%held
LIBERTY GLOBAL PLC no ticker–2.5%$280m5.80m+9.4%added
C CITIGROUP INCFinancial Services2.4%$271m5.00m–new
BUD ANHEUSER BUSCH INBEV SA NVConsumer Defensive2.3%$253m2.25m+13%added
MAS MASCO CORPIndustrials2.3%$252m10.00m+23%added
SUNEQUSD SUNEDISON INC–2.0%$219m11.25m+88%added
SENSATA TECHNOLOGIES HLDG NV no ticker–1.9%$210m4.00m−20%reduced
E M C CORP MASS no ticker–1.9%$208m7.00m–new
ROP ROPER TECHNOLOGIES INCTechnology1.8%$203m1.30m0.0%held
AAL AMERICAN AIRLINES GROUP INCIndustrials1.8%$201m3.75m+36%added
STZ CONSTELLATION BRANDS INCConsumer Defensive1.8%$196m2.00m−4.8%reduced
AIG American International GroupFinancial Services1.8%$196m3.50m–new
DAL DELTA AIR LINES INCIndustrials1.7%$189m3.85m–new
WMB WILLIAMS COS INCEnergy1.6%$180m4.00m+167%added
CF CF Industries Holdings IncBasic Materials1.6%$177m650,000−14%reduced
IACIEUR IAC INTERACTIVECORP–1.3%$144m2.38m+19%added
ENR ENERGIZER HLDGS INCIndustrials1.2%$129m1.00m0.0%held
SHIRE PLC no ticker–1.0%$106m500,000−33%reduced
HERTZ GLOBAL HOLDINGS INC no ticker–1.0%$106m4.25m–new
SPY SPDR S&P 500 ETF Trust–0.9%$103m500,000–new
MHK MOHAWK INDS INCConsumer Cyclical0.9%$101m650,000–new
ENPH ENPHASE ENERGY INCTechnology0.8%$89.3m6.25m0.0%held
ALLERGAN INC no ticker–0.8%$85.0m400,000–new
APC3EUR ANADARKO PETE CORP–0.7%$82.5m1.00m−50%reduced
FLT1EUR FLEETCOR TECHNOLOGIES INC–0.7%$81.8m550,000+267%added
INTREXON CORP no ticker–0.7%$79.8m2.90m0.0%held
GRBK GREEN BRICK PARTNERS INCConsumer Cyclical0.4%$43.0m5.24m–new
FCB FINL HLDGS INC no ticker–0.2%$24.5m996,165–new
COBALT INTL ENERGY INC no ticker–0.2%$19.4m32.00m–new
CITIGROUP INC no ticker–0.2%$17.4m20.00m–new
MC MOELIS & COFinancial Services0.05%$5.8m170,523−50%reduced
RICE MIDSTREAM PARTNERS LP no ticker–0.03%$3.4m200,000–new

Exited since Q3 2014

13 rows
BBBYEUR BED BATH & BEYOND INC2.4%$197m
COCA COLA ENTERPRISES INC NE no ticker2.3%$189m
PH PARKER-HANNIFIN CORP1.8%$147m
AVAGO TECHNOLOGIES LTD no ticker1.7%$144m
YPF YPF SOCIEDAD ANONIMA1.7%$139m
HRB BLOCK H & R INC1.7%$138m
EQT EQT CORPORATION1.6%$137m
FDX FEDEX CORP1.5%$121m
LNG CHENIERE ENERGY INC0.8%$64.0m
CCK CROWN HLDGS INC0.7%$62.3m
TAP MOLSON COORS BEVERAGE CO0.4%$37.2m
BIOFUEL ENERGY CORP no ticker0.08%$6.7m
BIOFUEL ENERGY CORP no ticker0.04%$3.0m

Sector mix

  • Unclassified35.6%
  • Consumer Cyclical15.7%
  • Healthcare15.3%
  • Financial Services10.7%
  • Industrials7.0%
  • Consumer Defensive6.6%
  • Energy4.9%
  • Technology2.6%
  • Basic Materials1.6%

Book over time

Every quarter on file (108)
QuarterPositionsEquity book
Q2 202642$4.7bn
Q1 202633$2.1bn
Q4 202544$7.3bn
Q3 202544$8.4bn
Q2 202551$7.6bn
Q1 202544$6.4bn
Q4 202443$7.4bn
Q3 202442$7.4bn
Q2 202444$8.7bn
Q1 202439$7.8bn
Q4 202337$6.6bn
Q3 202340$6.5bn
Q2 202345$6.8bn
Q1 202346$6.1bn
Q4 202244$6.0bn
Q3 202261$5.5bn
Q2 202258$4.2bn
Q1 202275$7.7bn
Q4 202192$14.3bn
Q3 2021113$18.3bn
Q2 2021126$17.1bn
Q1 2021124$14.8bn
Q4 202074$13.0bn
Q3 202047$10.0bn
Q2 202036$7.3bn
Q1 202030$6.3bn
Q4 201937$8.7bn
Q3 201940$8.4bn
Q2 201942$8.5bn
Q1 201930$8.9bn
Q4 201822$6.5bn
Q3 201831$14.3bn
Q2 201837$14.3bn
Q1 201838$12.6bn
Q4 201743$13.5bn
Q3 201737$11.9bn
Q2 201732$11.3bn
Q1 201737$10.1bn
Q4 201638$10.2bn
Q3 201638$11.5bn
Q2 201639$10.4bn
Q1 201635$10.7bn
Q4 201528$9.9bn
Q3 201529$10.4bn
Q2 201542$10.2bn
Q1 201536$10.1bn
Q4 201440$11.1bn
Q3 201439$8.3bn
Q2 201440$8.1bn
Q1 201444$6.4bn
Q4 201339$5.3bn
Q3 201332$4.1bn
Q2 201324$4.4bn
Q1 201324$4.2bn
Q4 201225$4.2bn
Q3 201232$4.4bn
Q2 201233$3.0bn
Q1 201236$3.6bn
Q4 201131$2.2bn
Q3 201128$1.8bn
Q2 201133$2.1bn
Q1 201140$1.7bn
Q4 201041$1.5bn
Q3 201026$777m
Q2 201020$613m
Q1 201032$1.0bn
Q4 200931$668m
Q3 200941$1.1bn
Q2 200935$877m
Q1 200928$495m
Q4 200834$691m
Q3 200852$1.3bn
Q2 200857$2.8bn
Q1 200871$2.9bn
Q4 200765$3.0bn
Q3 200767$4.2bn
Q2 200779$4.3bn
Q1 200766$3.0bn
Q4 200658$2.5bn
Q3 200649$1.7bn
Q2 200654$1.6bn
Q1 200662$2.0bn
Q4 200552$2.0bn
Q3 200553$3.1bn
Q2 200539$1.9bn
Q1 200545$2.1bn
Q4 200439$1.2bn
Q3 200433$716m
Q2 200432$636m
Q1 200438$610m
Q4 200331$483m
Q3 200332$351m
Q2 200329$338m
Q1 200329$282m
Q4 200220$193m
Q3 200221$159m
Q2 200225$198m
Q1 200230$169m
Q4 200124$94.0m
Q3 200150$144m
Q2 200142$134m
Q1 200148$145m
Q4 200039$101m
Q3 200047$193m
Q2 200070$263m
Q1 200056$163m
Q4 199933$134m
Q3 199925$72.2m

Where Third Point LLC was early

122 rows
GU9 GUESS?INCQ1 20011 of 880.8%1.2%4Exited by Q1 2002+21%
LNC LINCOLN NATIONAL CORPQ3 20011 of 1071.6%1.9%3Exited by Q3 2002−9.9%
PCG PG&E CORPQ1 20022 of 2095.8%16.1%37Exited by Q1 2026−32%
SLAB SILICON LABORATORIES INCQ4 20022 of 1252.3%2.3%2Exited by Q2 2003+37%
CNQ CANADIAN NAT RES LTDQ2 20031 of 1424.7%9.7%11Exited by Q3 2008+905%
DVN DEVON ENERGY CORP NEWQ2 20032 of 2003.9%3.9%6Exited by Q3 2016+36%
UNM UNUMPROVIDENT CORPQ3 20036 of 1172.5%2.8%3Exited by Q2 2004−0.9%
MDCA MDC PARTNERS INCQ1 20042 of 551.7%1.7%7Exited by Q4 2005−69%
GNW GENWORTH FINL INCQ2 20041 of 1304.1%4.1%4Exited by Q2 2012−64%
HUN HUNTSMAN CORPQ1 20051 of 1434.3%6.9%9Exited by Q2 2008+1.0%
PNC PNC FINL SVCS GROUP INCQ1 20051 of 1535.8%5.8%5Exited by Q1 2007+44%
WLK WESTLAKE CHEM CORPQ1 20051 of 1160.3%1.2%3Exited by Q4 2012+126%
CE CELANESE CORP DELQ1 20052 of 1442.2%2.2%4Exited by Q2 2017+399%
CF CF INDS HLDGS INCQ3 20051 of 1850.4%7.2%12Exited by Q1 2022+2290%
IBN ICICI BK LTDQ3 20052 of 1090.4%1.3%3Exited by Q1 2008+118%
NKTR NEKTAR THERAPEUTICSQ3 20052 of 1450.3%1.1%4Exited by Q3 2006+8.2%
VLO VALERO ENERGY CORP NEWQ3 20052 of 1923.3%3.3%3Exited by Q2 2006+5.8%
ABT ABBOTT LABSQ3 20054 of 1810.3%2.4%4Exited by Q1 2014+88%
AXP AMERICAN EXPRESS COQ3 20054 of 1944.1%4.7%6Exited by Q2 2019+117%
ORCL ORACLE CORPQ3 200511 of 2560.4%1.2%3Exited by Q4 2009+68%
CORE CORE MARK HOLDING CO INCQ4 20051 of 501.6%2.1%14Exited by Q2 2009−43%
FNF FIDELITY NATIONAL FINANCIALQ4 20055 of 1560.6%1.7%4Exited by Q1 2014+33%
CTRA CABOT OIL & GAS CORPQ1 20061 of 1561.2%2.6%10Exited by Q2 2014–
UTHR UNITED THERAPEUTICS CORP DELQ2 20061 of 1610.4%1.4%4Exited by Q1 2008+69%
WMB WILLIAMS COS INC DELQ2 20066 of 2071.5%8.2%16Exited by Q4 2016+61%
MA MASTERCARD INCQ3 20064 of 2630.8%14.3%8Exited by Q3 2008+277%
WY WEYERHAEUSER COQ3 20064 of 1290.9%1.4%3Exited by Q1 2008+20%
D DOMINION RES INC VA NEWQ4 20061 of 1323.6%3.6%2Exited by Q3 2007+2.9%
CSX CSX CORPQ4 20063 of 1820.4%3.6%7Exited by Q1 2026+848%
MLM MARTIN MARIETTA MATLS INCQ4 20064 of 18410.6%11.5%3Exited by Q3 2007+56%
UNP UNION PAC CORPQ4 20064 of 2111.1%5.8%10Held at last filing, Q2 2026+1082%
FMC F M C CORPQ1 20073 of 1571.7%1.7%7Exited by Q1 2018+402%
NSC NORFOLK SOUTHN CORPQ1 20073 of 2052.1%5.9%6Held at last filing, Q2 2026+522%
QCOM QUALCOMM INCQ1 200712 of 2460.7%2.0%3Exited by Q2 2017+34%
DDS DILLARDS INCQ2 20071 of 1130.8%1.3%3Exited by Q1 2008−48%
GLRE GREENLIGHT CAPITAL RE LTDQ2 20071 of 640.4%2.3%11Exited by Q1 2010+4.7%
ATML ATMEL CORPQ2 20072 of 563.1%4.3%4Exited by Q2 2008−69%
SPY SPDR S&P 500 ETF TRQ3 20076 of 2671.6%6.0%7Exited by Q1 2015+35%
TGT TARGET CORPQ3 20078 of 1910.6%1.9%5Exited by Q4 2008−23%
COHR COHERENT INCQ4 20071 of 2631.3%1.3%2Exited by Q2 2008+24%
NPO ENPRO INDS INCQ1 20081 of 870.9%1.1%3Exited by Q4 2008+19%
AEO AMERICAN EAGLE OUTFITTERS NEQ1 20082 of 1512.6%3.8%3Exited by Q4 2008−13%
TDC TERADATA CORP DELQ2 20083 of 1261.9%6.0%3Exited by Q1 2009−36%
GLD SPDR GOLD TRQ4 20082 of 19111.3%11.3%14Exited by Q2 2026+397%
TAP MOLSON COORS BREWING COQ2 20092 of 1532.7%3.7%10Exited by Q1 2017+130%
BAC BANK AMER CORPQ2 200913 of 23210.0%10.0%7Exited by Q4 2017+92%
AAPL APPLE INCQ2 200916 of 2752.4%10.8%14Exited by Q4 2024+4481%
DAN DANA HOLDING CORPQ3 20091 of 1191.0%2.6%3Exited by Q2 2010+74%
AWK AMERICAN WTR WKS CO INC NEWQ3 20093 of 1231.9%1.9%2Exited by Q1 2010+12%
AMD ADVANCED MICRO DEVICES INCQ4 20093 of 3402.2%2.2%5Exited by Q3 2023+1077%

Concentration and tenure

15.0%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
65.1%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
2
Median completed holding, quarters