The Top Q4 Picks of Dan Loeb’s Third Point

In the current round of 13F filings, hedge funds and other institutional investors are disclosing their equity portfolios as held at the end of the last year. In its latest 13F, Third Point LLC, led by Dan Loeb, revealed its holdings as held at the end of the fourth quarter of 2013.

This article concisely analyzes the top picks from the equity portfolio of Third Point. The founder of the fund, Dan Loeb, is a very outspoken investor and a pioneer in activist investing. The total value of the equity portfolio of Third Point soared to $5.80 million at the end of the fourth quarter of last year, compared to the $4.00 billion in the previous quarter.

Third Point

Over the fourth quarter of 2013, Third Point decreased its stake in American International Group Inc (NYSE:AIG) to 7.5 million shares compared to 10.0 million shares, it held in the third quarter of last year. The value of the stake holdings also decreased to $382.89 million in the last quarter of 2013 versus the value of $486.30 million in the third quarter of last year. However, American International (NYSE:AIG) climbed to the top slot of the fund’s equity portfolio.

On the second place is FedEx Corporation (NYSE:FDX). Third Point augmented its holdings in the air courier service provider to 2.50 million shares in the last quarter of 2013, versus its previous holdings of 2.00 million shares. The value of the position amounted to $359.43 million in the fourth quarter, compared to $228.22 million in the previous quarter of the same year.

During the fourth quarter, Third Point initiated a stake in The Dow Chemical Company (NYSE:DOW). The fund currently owns around 7.73 million shares, worth $342.99 million in this Michigan based company.  The company operates as a solution provider to the problems of clean water, renewable energy generation and conservation, and agricultural activities among others.

The fourth runner-up is Sothebys (NYSE:BID), a global auctioneer of decorative, fine arts and jewelry. Third Point increased its stake to 6.35 million shares in the fourth quarter, compared to 6.15 million shares held at the end of the third quarter of last year. The value of the holding in Sothebys (NYSE:BID) amounts to $337.82 million.

On the contrary, Third Point halved its stake in Yahoo Inc (NASDAQ:YHOO) to 8.00 million shares in the fourth quarter from the previously owned 16.00 million shares. The value of the position plummeted to $323.52 million, from $530.72 million in the third quarter. This move pushed the global technology giant on the fifth position, from being the largest stake in Third Point’s equity portfolio at the end of September.

Disclosure:none

Recommended Reading:

Corvex Capital and Soroban Increase Their Position in Williams Companies, Inc. (WMB)

Billionaire Paul Singer’s Elliott Associates Top Stock Picks

Billionaire Stephen Feinberg is Fond of These Stocks

Biotech Insider Alert - $6 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)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Subscribe

Enter your email:

Delivered by FeedBurner

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!