Below is a spreadsheet that highlights the changes to Dan Loeb's Third Point LLC's US long stock portfolio as of Q4
2013:
Third Point's US long portfolio increased over 40% this quarter from $4.09B to $5.80B. Yahoo (YHOO), the largest stake by far was reduced by another 50% this quarter after a huge stake reduction last quarter. The remaining stake still represents well over 5% of the portfolio. Other major activity in the quarter include substantial stake establishments in Dow Chemical (DOW) and T-Mobile USA (TMUS). CF Industries (CF), a 4.49% position established earlier this year was eliminated this quarter as well.
To know more about Dan Loeb's Third Point, check-out his letters to shareholders at their site. His activist investing style that is epitomized by scathing letters to CEOs is covered in "Chapter 7: The Poison Pen: Dan Loeb, Third Point" in the book "The Alpha Masters: Unlocking the genius of the world's top hedge funds". To learn more about how to profit from a strategy of cloning hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy.
Third Point's US long portfolio increased over 40% this quarter from $4.09B to $5.80B. Yahoo (YHOO), the largest stake by far was reduced by another 50% this quarter after a huge stake reduction last quarter. The remaining stake still represents well over 5% of the portfolio. Other major activity in the quarter include substantial stake establishments in Dow Chemical (DOW) and T-Mobile USA (TMUS). CF Industries (CF), a 4.49% position established earlier this year was eliminated this quarter as well.
To know more about Dan Loeb's Third Point, check-out his letters to shareholders at their site. His activist investing style that is epitomized by scathing letters to CEOs is covered in "Chapter 7: The Poison Pen: Dan Loeb, Third Point" in the book "The Alpha Masters: Unlocking the genius of the world's top hedge funds". To learn more about how to profit from a strategy of cloning hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy.
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