Third Point LLC, Movement In Hedge Fund Manager Dan Loebâ¿¿s Portfolio
Famed hedge fund manager Dan Loeb’s hedge fund Third Point LLC released its latest list of stock holdings on February 14th and it included some additions and changes that will intrigue readers.
As Yahoo! Inc continues its recent recovery under Marrisa Meyer’s stewardship, Dan Loeb has profited enormously for making the technology company the largest holding by value in the hedge fund’s portfolio. The fund’s 73 million shares in Yahoo (YHOO) rose from $1.17 billion in the third quarter of 2012 to $1.5 billion in the most recent quarter. In the same quarter, Third Point also got rid of its remaining stake in Apple (AAPL), selling 710 thousand shares for more than $400 million. Here are some of the other big positions that Third Point got rid of:
Dan Loeb also added 19 new positions in his hedge fund in the fourth quarter, with its top three largest additions being $179 million of News Corp (NWS), $160 million of Tesoro Corp (TSO), and $148 million of Morgan Stanley (MS). Here is a description of his new positions:
Here are the top ten positions of Dan Loeb’s Third Point Capital as of Dec 31, 2012 by value:
Interactive chart: Compare changes in 1-year return for the stocks listed below. As you can see, it's been a good year for Third Point LLC: