Baxter International Inc (BAX) and T-Mobile US Inc (TMUS) Among Dan Loeb’s Top New Picks

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During the second quarter Third Point acquired 4.85 million shares of Sealed Air Corp (NYSE:SEE) valued at $249.19 million, representing about 2.33% of the fund’s portfolio and 2.30% of the company’s outstanding shares. The $11.33 billion company engaged in food safety and security, facility hygiene and product protection business has seen its stock price soar by nearly 30% so far this year. Sealed Air Corp (NYSE:SEE) also managed to beat both the top and bottom line estimates in its financial results for the second quarter. Among the funds that we track, Andreas Halvorsen‘s Viking Global is the largest shareholder of Sealed Air Corp (NYSE:SEE) and, after having decreased its stake in the company by 11% during the second quarter, held 12.82 million shares valued at $658.59 million.

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