WhaleCreep

Third Point LLC 13F holdings, Q1 2018

Hedge fundSEC filingsCompare with another fundHoldings as of 2018-03-31, filed 2018-05-15

Third Point LLC disclosed 38 US equity positions worth $12.6bn in its Q1 2018 13F filing. Its largest position is BAX at 18.5% of the reported book, followed by DOWDUPONT INC and UTXZ. Versus Q4 2017 it opened 12 new positions, added to 6, reduced 14 and exited 17.

$12.6bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
38
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
18.5%
Largest position
The largest single position as a share of the reported equity book.
64.8%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
15
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 Q4 2017: 12 new, 6 added, 14 reduced, 17 exited

38 rows
BAX BAXTER INTL INCHealthcare18.5%$2.3bn36.00m0.0%held
DOWDUPONT INC no ticker–7.1%$897m14.07m−6.0%reduced
UTXZ UNITED TECHNOLOGIES CORP–7.1%$893m7.10m–new
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical5.8%$734m4.00m−33%reduced
META META PLATFORMS INCCommunication Services5.1%$639m4.00m+18%added
GOOGL ALPHABET INCCommunication Services4.7%$596m575,000−17%reduced
NFLX NETFLIX INC.Communication Services4.7%$591m2.00m0.0%held
BLK BLACKROCK INCFinancial Services4.7%$588m1.08m−30%reduced
STZ CONSTELLATION BRANDS INCConsumer Defensive4.1%$524m2.30m−8.0%reduced
DOV DOVER CORPIndustrials3.0%$385m3.92m+138%added
LEN LENNAR CORPConsumer Cyclical2.9%$370m6.28m+18%added
ICE INTERCONTINENTAL EXCHANGE INFinancial Services2.9%$363m5.00m−9.1%reduced
BID1EUR SOTHEBYS–2.7%$342m6.66m0.0%held
WP WORLDPAY INC–2.7%$337m4.10m–new
VMC VULCAN MATLS COBasic Materials2.7%$336m2.94m+13%added
DHR DANAHER CORP DELHealthcare2.5%$318m3.25m−1.8%reduced
SPGI S&P GLOBAL INCFinancial Services2.3%$287m1.50m−17%reduced
WYNN WYNN RESORTS LTDConsumer Cyclical2.2%$280m1.53m–new
SHW SHERWIN WILLIAMS COBasic Materials1.8%$229m585,000−2.5%reduced
MHK MOHAWK INDS INCConsumer Cyclical1.5%$194m835,000−17%reduced
PAGS PAGSEGURO DIGITAL LTDTechnology1.4%$174m4.55m–new
ELV ELEVANCE HEALTH INCHealthcare1.4%$172m785,000+109%added
EA ELECTRONIC ARTS INCCommunication Services1.2%$152m1.25m–new
MPC Marathon Petroleum CorpEnergy1.2%$146m2.00m–new
GGAL GRUPO FINANCIERO GALICIA S.AFinancial Services0.9%$118m1.79m−1.9%reduced
GRBK GREEN BRICK PARTNERS INCConsumer Cyclical0.7%$88.1m8.08m0.0%held
ADBE ADOBE INCTechnology0.7%$86.4m400,000–new
PAM PAMPA ENERGIA SAIndustrials0.5%$65.6m1.10m−32%reduced
BKIEUR BLACK KNIGHT INC–0.5%$58.9m1.25m–new
CRM SALESFORCE INCTechnology0.4%$52.3m450,000–new
MSFT MICROSOFT CORPTechnology0.4%$50.2m550,000–new
SUPV GRUPO SUPERVIELLE S.A.Financial Services0.4%$44.6m1.47m−2.0%reduced
PBF PBF ENERGY INCEnergy0.3%$42.4m1.25m–new
KDMN KADMON HLDGS INC–0.3%$40.0m9.41m0.0%held
NEXA RES S A no ticker–0.3%$37.9m2.16m−28%reduced
MELI MERCADOLIBREConsumer Cyclical0.3%$35.6m100,000–new
MONSANTO CO NEW no ticker–0.2%$23.3m200,0000.0%held
SHY ISHARES TR–0.02%$2.9m34,695+247%added

Exited since Q4 2017

17 rows
AETNA INC NEW no ticker2.5%$334m
VANTIV INC no ticker2.2%$294m
NXPI NXP SEMICONDUCTORS N V1.9%$252m
FMC FMC CORP1.5%$208m
DELL DELL TECHNOLOGIES INC1.5%$203m
HONGBP HONEYWELL INTL INC1.4%$196m
RSP PERMIAN INC no ticker1.4%$187m
TWXCHF TIME WARNER INC1.4%$183m
PE1EUR PARSLEY ENERGY INC1.3%$169m
XRAY DENTSPLY SIRONA INC1.0%$132m
GD GENERAL DYNAMICS CORP0.8%$112m
MGM MGM RESORTS INTERNATIONAL0.7%$100m
MAC MACERICH CO0.7%$93.6m
SWN1EUR SOUTHWESTERN ENERGY CO0.6%$83.7m
PINNACLE FOODS INC DEL no ticker0.4%$59.5m
PCG PG&E CORP0.4%$56.0m
AABAUSD ALTABA INC0.4%$52.4m

Sector mix

  • Healthcare22.4%
  • Unclassified20.8%
  • Communication Services15.7%
  • Consumer Cyclical13.5%
  • Financial Services11.1%
  • Basic Materials4.5%
  • Consumer Defensive4.1%
  • Industrials3.6%
  • Technology2.9%
  • Energy1.5%

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