FERG - Tracking Dan Loeb's Third Point Portfolio - Q4 2024 Update

2025-03-04 20:03:41 ET

Summary

• Dan Loeb's Third Point 13F portfolio value slightly increased to $7.44B, with top three holdings making up ~29% of the portfolio.
• Significant new stakes include Thermo Fisher Scientific, Capital One Financial, and Workday, Inc., while notable disposals include Bath & Body Works and Apple Inc.
• Major stake increases were seen in PG&E Corp., Meta Platforms, and Brookfield Corp., while Amazon.com and Danaher Corp.
• Third Point returned ~24% in 2024, closely matching the S&P 500's ~25%, with annualized returns since inception at ~13.5%, well above S&P 500 index at ~10%.

This article is part of a series that provides an ongoing analysis of the changes made to Dan Loeb's 13F stock portfolio on a quarterly basis. It is based on Third Point's regulatory 13F Form filed on 02/14/2025. Please visit our Tracking Dan Loeb's Third Point Portfolio series to get an idea of their investment philosophy and our last update for the fund's moves during Q3 2024.

This quarter, Loeb's 13F portfolio value increased from $7.43B to $7.44B. The 13F portfolio is very concentrated with the top three holdings accounting for ~29% of the entire portfolio. The number of holdings increased from 42 to 43. 30 of the holdings are significantly large (more than ~0.5% of the portfolio each) and they are the focus of this article. The largest five individual stock positions are PG&E, Amazon.com, Danaher, Meta Platforms, and Taiwan Semi....

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