13F filer · CIK 1040273 ↗
Third Point
You are looking at Q4 2017. See the latest, Q2 2026 →
Reported value
$13.86B
+16% on the quarter before
Positions
44
14 new · 7 sold out
Top 10
59.6%
of the value
Est. gain
+$638.3M
on stocks held all quarter
Est. return
+6.4%
on those stocks since Q3 2017
Positions as of Dec 31, 2017, from Third Point's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.
Portfolio at a glance
- New
- Added
- Cut
- Same
- Options
Each tile is a position, sized by its share, colored by what the fund did with it since Q3 2017. Striped tiles are options.
Largest buys
Since Q3 2017, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Alphabet~$395.0MAdded · 2.6% → 5.2%+375,000 shares
- Intercontinental Exchange In~$388.1MNew · 0.0% → 2.8%+5,500,000 shares
- Netflix~$383.9MNew · 0.0% → 2.8%+2,000,000 shares
- Time Warner IncCALL~$365.9MNew · 0.0% → 2.6%+4,000,000 underlying
- Lennar Corp~$335.2MNew · 0.0% → 2.4%+5,300,000 shares
- Aetna Inc New~$333.7MNew · 0.0% → 2.4%+1,850,000 shares
- Dentsply Sirona Inc~$131.7MNew · 0.0% → 1.0%+2,000,000 shares
- General Dynamics Corp~$111.9MNew · 0.0% → 0.8%+550,000 shares
- Pampa Energia S A~$103.6MAdded · 0.0% → 0.8%+1,540,000 shares
- Mgm Resorts International~$100.2MNew · 0.0% → 0.7%+3,000,000 shares
Largest sells
Since Q3 2017, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Baxter Intl Inc~$323.2MCut · 21.6% → 16.8%−5,000,000 shares
- Bank Amer Corp~$310.4MSold out · 2.6% → 0.0%−12,250,000 shares
- T Mobile Us Inc~$237.4MSold out · 2.0% → 0.0%−3,850,000 shares
- Anthem Inc~$196.9MCut · 2.0% → 0.6%−875,000 shares
- Shire Plc~$183.8MSold out · 1.5% → 0.0%−1,200,000 shares
- Marathon Pete Corp~$154.2MSold out · 1.3% → 0.0%−2,750,000 shares
- Alexion Pharmaceuticals Inc~$140.3MSold out · 1.2% → 0.0%−1,000,000 shares
- Alibaba~$103.5MCut · 9.6% → 7.5%−600,000 shares
- Banco Macro Sa~$102.7MSold out · 0.9% → 0.0%−875,000 shares
- Time Warner Inc~$68.6MCut · 2.4% → 1.3%−750,000 shares
Holdings
As of Dec 31, 2017. Changes are in shares against Sep 30, 2017, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Baxter Intl IncCOM · shares −12% · price +3.0% | 16.8% | $2.33B | +$68.0M | ||||||||
| Dowdupont IncCOM · shares −0.4% · price +2.9% | 7.7% | $1.07B | +$29.8M | ||||||||
| AlibabaSPONSORED ADS · shares −9.1% · price −0.2% | 7.5% | $1.03B | −$1.7M | ||||||||
| BlackRockCOM · shares 0% · price +14.9% | 5.7% | $796.3M | +$103.3M | ||||||||
| AlphabetCAP STK CL A · shares +119% · price +8.2% | 5.2% | $726.8M | +$25.1M | ||||||||
| MetaCL A · shares 0% · price +3.3% | 4.3% | $600.0M | +$19.0M | ||||||||
| Constellation Brands IncCL A · shares 0% · price +14.6% | 4.1% | $571.4M | +$72.8M | ||||||||
| Intercontinental Exchange InCOM · shares New | 2.8% | $388.1M | — | ||||||||
| NetflixCOM · shares New | 2.8% | $383.9M | — | ||||||||
| Time Warner IncCALLCOM NEW · shares New | 2.6% | $365.9M | — | ||||||||
| SothebysCOM · shares 0% · price +11.9% | 2.5% | $343.7M | +$36.6M | ||||||||
| Lennar CorpCL A · shares New | 2.4% | $335.2M | — | ||||||||
| Vulcan Matls CoCOM · shares +11% · price +7.3% | 2.4% | $333.8M | +$20.6M | ||||||||
| Aetna Inc NewCOM · shares New | 2.4% | $333.7M | — | ||||||||
| Danaher Corp DelCOM · shares +0.3% · price +8.2% | 2.2% | $307.2M | +$23.2M | ||||||||
| S&P Global IncCOM · shares +44% · price +8.4% | 2.2% | $304.9M | +$16.4M | ||||||||
| Vantiv IncCL A · shares +45% · price +4.4% | 2.1% | $294.2M | +$8.5M | ||||||||
| Mohawk Inds IncCOM · shares +11% · price +11.5% | 2.0% | $275.9M | +$25.6M | ||||||||
| Nxp Semiconductors N VCOM · shares −20% · price +3.5% | 1.8% | $251.7M | +$8.6M | ||||||||
| Sherwin Williams CoCOM · shares 0% · price +14.5% | 1.8% | $246.0M | +$31.2M | ||||||||
| F M C CorpCOM NEW · shares 0% · price +6.0% | 1.5% | $208.3M | +$11.8M | ||||||||
| Dell Technologies IncCOM CL V · shares 0% · price +5.3% | 1.5% | $203.2M | +$10.2M | ||||||||
| Honeywell TechnologiesCOM · shares 0% · price +8.2% | 1.4% | $195.5M | +$14.8M | ||||||||
| Rsp Permian IncCOM · shares 0% · price +17.6% | 1.4% | $187.1M | +$28.0M | ||||||||
| Time Warner IncCOM NEW · shares −27% · price −10.7% | 1.3% | $182.9M | −$22.0M | ||||||||
| Total · 44 positions | 100% | $13.86B | +$638.3M |
Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.
What made money
From Q3 2017 to Q4 2017: 30 stocks held throughout, up $638.3M (+6.4%).
- BlackRock+$103.3M+15%
- Constellation Brands Inc+$72.8M+15%
- Baxter Intl Inc+$68.0M+3%
- Sothebys+$36.6M+12%
- Sherwin Williams Co+$31.2M+15%
- Alibaba−$1.7M−0%
- Time Warner Inc−$22.0M−11%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out.
Reported value by quarter
The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q2 2026 | Aug 14, 2026 | $4.68B+125% | SEC ↗ |
| Q1 2026 | May 15, 2026 | $2.08B−71% | SEC ↗ |
| Q4 2025 | Feb 17, 2026 | $7.27B−19% | SEC ↗ |
| Q3 2025 | Nov 14, 2025 | $8.99B+18% | SEC ↗ |
| Q2 2025 | Aug 14, 2025 | $7.62B+16% | SEC ↗ |
| Q1 2025 | May 15, 2025 | $6.55B−12% | SEC ↗ |
| Q4 2024 | Feb 14, 2025 | $7.44B+0% | SEC ↗ |
| Q3 2024 | Nov 14, 2024 | $7.43B−15% | SEC ↗ |
| Q2 2024 | Aug 14, 2024 | $8.74B+11% | SEC ↗ |
| Q1 2024 | May 15, 2024 | $7.85B+18% | SEC ↗ |
| Q4 2023 | Feb 14, 2024 | $6.64B+1% | SEC ↗ |
| Q3 2023 | Nov 14, 2023 | $6.59B−3% | SEC ↗ |
| Q2 2023 | Aug 14, 2023 | $6.82B+12% | SEC ↗ |
| Q1 2023 | May 15, 2023 | $6.11B+2% | SEC ↗ |
| Q4 2022 | Feb 14, 2023 | $5.97B+8% | SEC ↗ |
| Q3 2022 | Nov 14, 2022 | $5.53B+31% | SEC ↗ |
| Q2 2022 | Aug 15, 2022 | $4.22B−45% | SEC ↗ |
| Q1 2022 | May 16, 2022 | $7.68B−46% | SEC ↗ |
| Q4 2021 | Feb 14, 2022 | $14.33B−22% | SEC ↗ |
| Q3 2021 | Nov 15, 2021 | $18.32B+7% | SEC ↗ |
| Q2 2021 | Aug 16, 2021 | $17.08B+15% | SEC ↗ |
| Q1 2021 | May 14, 2021 | $14.84B+14% | SEC ↗ |
| Q4 2020 | Feb 16, 2021 | $12.97B+30% | SEC ↗ |
| Q3 2020 | Nov 13, 2020 | $10.00B+37% | SEC ↗ |
| Q2 2020 | Aug 17, 2020 | $7.30B+17% | SEC ↗ |
| Q1 2020 | May 15, 2020 | $6.27B−28% | SEC ↗ |
| Q4 2019 | Feb 13, 2020 | $8.70B+3% | SEC ↗ |
| Q3 2019 | Nov 14, 2019 | $8.42B−1% | SEC ↗ |
| Q2 2019 | Aug 12, 2019 | $8.54B−5% | SEC ↗ |
| Q1 2019 | May 15, 2019 | $8.99B+38% | SEC ↗ |
| Q4 2018 | Feb 8, 2019 | $6.51B−55% | SEC ↗ |
| Q3 2018 | Nov 9, 2018 | $14.31B−0% | SEC ↗ |
| Q2 2018 | Aug 10, 2018 | $14.35B+8% | SEC ↗ |
| Q1 2018 | May 15, 2018 | $13.32B−4% | SEC ↗ |
| Q4 2017 | Feb 14, 2018 | $13.86B+16% | SEC ↗ |
| Q3 2017 | Nov 9, 2017 | $11.90B+5% | SEC ↗ |
| Q2 2017 | Aug 11, 2017 | $11.28B+10% | SEC ↗ |
| Q1 2017 | May 12, 2017 | $10.25B+1% | SEC ↗ |
| Q4 2016 | Feb 10, 2017 | $10.19B−11% | SEC ↗ |
| Q3 2016 | Nov 10, 2016 | $11.50B+10% | SEC ↗ |
| Q2 2016 | Aug 12, 2016 | $10.49B−3% | SEC ↗ |
| Q1 2016 | May 13, 2016 | $10.86B | SEC ↗ |