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

#2. Charter Communications Inc. (NASDAQ:CHTR)

– Shares Owned by Third Point LLC (as of June 30): 1.45 Million
– Value of Third Point LLC’s Holding (as of June 30): $331.53 Million

Charter Communications Inc. (NASDAQ:CHTR) was yet another new addition to Third Point LLC’s portfolio during the June quarter, with the position being comprising 1.45 million shares valued at $331.53 million. The holding was the sixth-largest in Third Point’s portfolio at the end of June. Charter Communication became the second-largest U.S. cable provider after completing the multi-billion-dollar takeover of Time Warner Cable and Bright House Networks. The merger between Charter, the fourth-largest cable company in the U.S., and Time Warner, the second-largest cable company in the nation, created a more powerful contender to compete against market leader Comcast Corporation (NASDAQ:CMCSA), and other industry rivals. Cable companies are not only competing amongst themselves, as the are also fighting fast-toughening competition from online video streaming giants such as Netflix Inc. (NASDAQ:NFLX) and Hulu. Citadel Advisors LLC owns 1.41 million shares of Charter Communications Inc. (NASDAQ:CHTR) as of the end of the June quarter.

#1. Facebook Inc. (NASDAQ:FB)

– Shares Owned by Third Point LLC (as of June 30): 3.75 Million
– Value of Third Point LLC’s Holding (as of June 30): $428.55 Million

Last but certainly not least, billionaire Dan Loeb and his team acquired a new stake of 3.75 million shares of Facebook Inc. (NASDAQ:FB) during the second quarter of 2016, valued at $428.55 million. The Facebook position was the fourth-largest in Third Point’s set of holdings at the end of June, accounting for 4.1% of the firm’s entire portfolio. Facebook recently released a stronger than anticipated second-quarter earnings report, which showed that total revenue grew 59% year-on-year to $6.44 billion. Meanwhile, the social network’s user base continues to enjoy strong growth. For instance, Facebook had 1.71 billion monthly active users during the second quarter, up 15% year-on-year. Similarly, mobile MAUs were 1.57 billion, an increase of 20% year-over-year. More importantly, not only is the tech giant expanding its user base each quarter, but the average revenue per user keeps increasing as well. The company’s ARPU jumped by 38.4% year-on-year during the second quarter. Facebook shares are up 19% so far in 2016. Philippe Laffont’s Coatue Management cut its stake in Facebook Inc. (NASDAQ:FB) by 26% during the June quarter to 4.23 million shares.

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