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.

Dan Loeb Third Point Returns and February Letter

Dan Loeb’s Third Point Partners L.P. returned 3.7% in February and 8.1% during the first two months of 2011. His Offshore Fund returned 3.6% in February and 7.6% till the end of February. Loeb’s portfolio is 64.6% long equities and 8.4% short equities. His net exposure to the stocks is 56.2% which is much higher than David Einhorn’s. Even though Dan Loeb doesn’t want to talk about his short stock positions, his shorts aren’t really big positions. He isn’t engaged in any risk arbitrage or currency speculation. His credit exposure is at 29% and he primarily invests in Americas and EMEA.

Dan Loeb THIRD POINT

Dan Loeb’s top 5 positions at the end of February were Gold, Delphi, Chrysler, El Paso Corp, and LyondellBasell. His top winners are Gold, NXP Semiconductor, El Paso, Technicolor, Williams Companies Inc (WMB). SAC’s Steven Cohen recently expressed that he is also extremely bullish about Williams Companies.

Here is Loeb’s February Letter:

Dan Loeb February 2011 Letter

Biotech Insider Alert - $5 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

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!