Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Billionaire Dan Loeb Adds Facebook, Monsanto to Third Point’s Portfolio in Q2

Page 1 of 3

Billionaire Dan Loeb is the founder of New York-based Third Point LLC, an asset management firm with $17 billion assets under management. The well-known money management firm predominantly employs an event-driven, value-oriented investing approach. Mr. Loeb, the firm’s Chief Executive Officer, has around three decades of experience in financial markets, particularly in special situation equities, distressed debt and risk arbitrage.

During the first quarter of 2016, viewed by Mr. Loeb as “one of the most catastrophic periods of hedge fund performance that we can remember since the inception of this fund,” the New York-based asset manager was down 2.3% versus the 1.3% gain for the S&P 500 Index. The multi-billion-dollar investment firm returned 4.6% in the second quarter, bringing the firm’s return for the first half of 2016 into positive territory at 2.2%. Despite the disappointing performance delivered thus far in 2016, Third Point LLC generated an annualized return of 15.8% since 1996, doubling the 7.3% return delivered by the S&P 500 gauge over the same time span. As billionaire Dan Loeb and his team already compiled and filed their quarterly 13F for the second quarter, this article will list a set of five new additions made to their portfolio during the June quarter.

At Insider Monkey, we track around 760 hedge funds and institutional investors. Through extensive backtests, we have determined that imitating some of the stocks that these investors are collectively bullish on can help retail investors generate double digits of alpha per year. The key is to focus on the small-cap picks of these funds, which are usually less followed by the broader market and allow for larger price inefficiencies (see more details).

Dan Loeb THIRD POINT

#5. Shire PLC (ADR) (NASDAQ:SHPG)

– Shares Owned by Third Point LLC (as of June 30): 950,000
– Value of Third Point LLC’s Holding (as of June 30): $174.88 Million

Third Point LLC had a new stake of 950,000 American Depository Shares of Shire PLC (ADR) (NASDAQ:SHPG) in its portfolio at the end of the second quarter of 2016, valued at $174.88 million on June 30. The new position accounted for 1.7% of the asset manager’s entire portfolio. In early June, the Irish-headquarter global specialty biopharmaceutical company completed the $32.4 billion-acquisition of Baxalta, a global innovative biopharmaceutical leader focused on creating treatments in areas such as hematology, immunology and oncology. The deal created the world’s biggest rare-disease drugmaker. At closing, Baxalta shareholders received $18 in cash and 0.1482 of Shire ADSs for each Baxalta share. As Third Point had 6.00 million shares of Baxalta in its portfolio at the end of the first quarter, the aforementioned Shire stake predominantly consists of ADSs received as part of the Shire-Baxalta deal. Shire’s ADS is around 3% in the red year-to-date. Ken Griffin’s Citadel Advisors LLC owns nearly 388,000 ADSs of Shire PLC (ADR) (NASDAQ:SHPG) as of the end of the second quarter.

Follow Shire Plc
Trade (SHPGY) Now!

Page 1 of 3

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!