13F filer · CIK 1040273 ↗
Third Point
You are looking at Q1 2019. See the latest, Q2 2026 →
Reported value
$8.99B
+38% on the quarter before
Positions
31
13 new · 4 sold out
Top 10
70.4%
of the value
Est. gain
+$981.7M
on stocks held all quarter
Est. return
+18.0%
on those stocks since Q4 2018
Positions as of Mar 31, 2019, 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 Q4 2018. Striped tiles are options.
Largest buys
Since Q4 2018, 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.
- United Technologies Corp~$835.2MNew · 0.0% → 9.3%+6,480,000 shares
- Fox Corp~$358.1MNew · 0.0% → 4.0%+9,755,000 shares
- Marathon Pete Corp~$209.5MNew · 0.0% → 2.3%+3,500,000 shares
- Boston Scientific Corp~$191.9MNew · 0.0% → 2.1%+5,000,000 shares
- Celgene Corp~$165.1MNew · 0.0% → 1.8%+1,750,000 shares
- Ross Stores Inc~$149.0MNew · 0.0% → 1.7%+1,600,000 shares
- Netflix~$142.6MNew · 0.0% → 1.6%+400,000 shares
- Black Knight Inc~$95.4MNew · 0.0% → 1.1%+1,750,000 shares
- Danaher Corporation~$79.2MAdded · 4.9% → 5.4%+600,000 shares
- Chemours Co~$74.3MNew · 0.0% → 0.8%+2,000,000 shares
Largest sells
Since Q4 2018, 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.
- Shire Plc~$299.2MSold out · 4.6% → 0.0%−1,719,413 shares
- Merck & Co Inc~$212.0MSold out · 3.3% → 0.0%−2,775,000 shares
- American Express Co~$153.0MCut · 4.2% → 1.8%−1,400,000 shares
- Constellation Brands Inc~$122.7MCut · 4.3% → 2.0%−700,000 shares
- Cigna Corp New~$109.2MSold out · 1.7% → 0.0%−575,000 shares
- PayPal~$54.5MCut · 5.2% → 4.0%−525,000 shares
- Worldpay Inc~$48.8MCut · 3.1% → 2.8%−430,000 shares
- Dowdupont Inc~$48.5MCut · 7.9% → 5.2%−910,200 shares
- Dover Corp~$43.6MSold out · 0.7% → 0.0%−615,000 shares
- S&P Global Inc~$8.4MCut · 2.1% → 1.8%−40,000 shares
Holdings
As of Mar 31, 2019. Changes are in shares against Dec 31, 2018, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Baxter Intl IncCOM · shares 0% · price +23.5% | 25.3% | $2.28B | +$433.7M | ||||||||
| United Technologies CorpCOM · shares New | 9.3% | $835.2M | — | ||||||||
| Campbell Soup CoCOM · shares 0% · price +15.6% | 8.9% | $800.7M | +$107.9M | ||||||||
| Danaher CorporationCOM · shares +19% · price +28.0% | 5.4% | $489.8M | +$89.9M | ||||||||
| Dowdupont IncCOM · shares −9.4% · price −0.3% | 5.2% | $466.2M | −$1.5M | ||||||||
| PayPalCOM · shares −13% · price +23.5% | 4.0% | $363.4M | +$69.1M | ||||||||
| Fox CorpCL A COM · shares New | 4.0% | $358.1M | — | ||||||||
| SothebysCOM · shares 0% · price −5.0% | 2.8% | $251.5M | −$13.3M | ||||||||
| Worldpay IncCL A · shares −16% · price +48.5% | 2.8% | $249.7M | +$81.6M | ||||||||
| AdobeCOM · shares 0% · price +17.8% | 2.7% | $239.8M | +$36.2M | ||||||||
| IQVIACOM · shares 0% · price +23.8% | 2.6% | $234.5M | +$45.1M | ||||||||
| Visa Inc.COM CL A · shares 0% · price +18.4% | 2.6% | $234.3M | +$36.4M | ||||||||
| Marathon Pete CorpCOM · shares New | 2.3% | $209.5M | — | ||||||||
| Boston Scientific CorpCOM · shares New | 2.1% | $191.9M | — | ||||||||
| SalesforceCOM · shares 0% · price +15.6% | 2.1% | $186.1M | +$25.1M | ||||||||
| Constellation Brands IncCL A · shares −40% · price +9.0% | 2.0% | $184.1M | +$15.2M | ||||||||
| Celgene CorpCOM · shares New | 1.8% | $165.1M | — | ||||||||
| American Express CoCOM · shares −48% · price +14.7% | 1.8% | $163.9M | +$21.0M | ||||||||
| S&P Global IncCOM · shares −5.0% · price +23.9% | 1.8% | $160.0M | +$30.9M | ||||||||
| Far Pt Acquisition CorpCL A FOUNDERS SH · shares 0% · price −1.4% | 1.7% | $156.1M | −$2.2M | ||||||||
| Ross Stores IncCOM · shares New | 1.7% | $149.0M | — | ||||||||
| NetflixCOM · shares New | 1.6% | $142.6M | — | ||||||||
| Black Knight IncCOM · shares New | 1.1% | $95.4M | — | ||||||||
| Chemours CoCOM · shares New | 0.83% | $74.3M | — | ||||||||
| International Flavors&FragraPUTCOM · shares New | 0.72% | $64.4M | — | ||||||||
| Total · 31 positions | 100% | $8.99B | +$981.7M |
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 Q4 2018 to Q1 2019: 18 stocks held throughout, up $981.7M (+18.0%).
- Baxter Intl Inc+$433.7M+24%
- Campbell Soup Co+$107.9M+16%
- Danaher Corporation+$89.9M+28%
- Worldpay Inc+$81.6M+49%
- PayPal+$69.1M+23%
- Dowdupont Inc−$1.5M−0%
- Far Pt Acquisition Corp−$2.2M−1%
- Sothebys−$13.3M−5%
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 ↗ |