Third Point Q2 Investor Letter

New York based hedge fund Third Point released its Q2 investor letter at the end of the last month – you can download a copy below. For the second quarter, Third Point Offshore Ltd. returned 1.5% while Third Point Ultra Ltd. returned 2.3%, compared to S&P 500’s 3.4% for the same period.

The top five performers for the quarter were Baxter International, Netflix, Facebook, Nestlé SA, and PayPal Holdings. The top five losers for the period were NXP Semiconductors NV, SUMCO Corp., B3 SA, Lennar Corp., and Grupo Financiero Galicia SA.

As of June 30, 2018, the fund has $17.7 billion assets under management.

You can download a copy here.