In This Article:
Exploring the Fourth Quarter 2024 13F Filing of Third Point LLC
Daniel Loeb (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2024, providing insights into his investment moves during this period. Daniel S. Loeb founded Third Point LLC in 1995 and leads the firms research activities, portfolio, and risk management. He is well known for his public letters in which he criticizes company CEOs or other investment managers. Loeb and Third Point focus on activist investing, identifying situations in which a catalyst could unlock value and then pushing for change at companies to unlock said value. They follow an event-driven, value-oriented investment style.
Summary of New Buy
Daniel Loeb (Trades, Portfolio) added a total of 8 stocks, among them:
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The most significant addition was Thermo Fisher Scientific Inc (NYSE:TMO), with 350,000 shares, accounting for 2.45% of the portfolio and a total value of $182.08 million.
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The second largest addition to the portfolio was Capital One Financial Corp (NYSE:COF), consisting of 925,000 shares, representing approximately 2.22% of the portfolio, with a total value of $164.95 million.
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The third largest addition was Fortive Corp (NYSE:FTV), with 1,900,000 shares, accounting for 1.92% of the portfolio and a total value of $142.50 million.
Key Position Increases
Daniel Loeb (Trades, Portfolio) also increased stakes in a total of 11 stocks, among them:
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The most notable increase was Telephone and Data Systems Inc (NYSE:TDS), with an additional 3,125,000 shares, bringing the total to 6,000,000 shares. This adjustment represents a significant 108.7% increase in share count, a 1.44% impact on the current portfolio, with a total value of $204.66 million.
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The second largest increase was Flutter Entertainment PLC (NYSE:FLUT), with an additional 360,000 shares, bringing the total to 870,000. This adjustment represents a significant 70.59% increase in share count, with a total value of $224.85 million.
Summary of Sold Out
Daniel Loeb (Trades, Portfolio) completely exited 9 of the holdings in the fourth quarter of 2024, as detailed below:
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Bath & Body Works Inc (NYSE:BBWI): Daniel Loeb (Trades, Portfolio) sold all 11,785,000 shares, resulting in a -5.06% impact on the portfolio.
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Apple Inc (NASDAQ:AAPL): Daniel Loeb (Trades, Portfolio) liquidated all 930,000 shares, causing a -2.92% impact on the portfolio.
Key Position Reduces
Daniel Loeb (Trades, Portfolio) also reduced positions in 9 stocks. The most significant changes include: