13F filer · CIK 1040273 ↗

Third Point

Daniel LoebChief Executive Officer and Chief Investment Officer

You are looking at Q3 2019. See the latest, Q2 2026 →

Reported value

$8.42B

−1.4% on the quarter before

Positions

11 new · 13 sold out

Top 10

70.3%

of the value

Est. gain

+$124.8M

on stocks held all quarter

Est. return

+1.9%

on those stocks since Q2 2019

Filed

Nov 14, 2019

On SEC EDGAR ↗

Positions as of Sep 30, 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 Q2 2019. Striped tiles are options.

Baxter Intl Inc18%

United Technologies Corp9.7%

Campbell Soup Co9.5%

Allergan Plc7.2%

Danaher Corporation6.4%

Sothebys4.5%

Salesforce4.4%

Fidelity Natl Information Sv3.9%

16 others3.9%

Burlington Stores Inc3.6%

IQVIA3.5%PayPal3.3%Visa Inc.3.1%

Fox Corp3.0%

Adobe2.7%

Boston Scientific Corp2.4%

S&P Global Inc2.3%

Far Pt Acquisition Corp1.9%

Five Below Inc1.3%

Black Knight Inc1.3%

Centene Corp Del1.2%

Sony Corp1.1%

Microsoft1.0%

0.7%

0.6%

Baxter Intl Inc18%

United Technologies Corp9.7%

Campbell Soup Co9.5%

Allergan Plc7.2%

Danaher Corporation6.4%

Sothebys4.5%

Salesforce4.4%

Fidelity Natl Information Sv3.9%

16 others3.9%

Burlington Stores Inc3.6%

IQVIA3.5%PayPal3.3%Visa Inc.3.1%

Fox Corp3.0%

Adobe2.7%

Boston Scientific Corp2.4%

S&P Global Inc2.3%

Far Pt Acquisition Corp1.9%

Five Below Inc1.3%

Black Knight Inc1.3%

Centene Corp Del1.2%

Sony Corp1.1%

Microsoft1.0%

0.7%

0.6%

Largest buys

Since Q2 2019, 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.

Allergan Plc~$605.8MNew · 0.0% → 7.2%+3,600,000 shares
Fidelity Natl Information Sv~$331.9MNew · 0.0% → 3.9%+2,499,989 shares
Salesforce~$178.1MAdded · 2.3% → 4.4%+1,200,000 shares
Burlington Stores Inc~$159.9MAdded · 1.4% → 3.6%+800,000 shares
Five Below Inc~$107.2MNew · 0.0% → 1.3%+850,000 shares
IQVIA~$59.8MAdded · 3.0% → 3.5%+400,000 shares
Hd Supply Hldgs Inc~$39.2MNew · 0.0% → 0.5%+1,000,000 shares
Zendesk Inc~$36.4MNew · 0.0% → 0.4%+500,000 shares
Ansys Inc~$34.8MNew · 0.0% → 0.4%+157,300 shares
Godaddy Inc~$33.0MNew · 0.0% → 0.4%+500,000 shares

Largest sells

Since Q2 2019, 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~$537.9MCut · 22.1% → 17.5%−6,150,000 shares
Worldpay Inc~$269.6MSold out · 3.2% → 0.0%−2,200,000 shares
Marathon Pete Corp~$223.5MSold out · 2.6% → 0.0%−4,000,000 shares
Netflix~$183.7MSold out · 2.2% → 0.0%−500,000 shares
Ross Stores Inc~$163.5MSold out · 1.9% → 0.0%−1,650,000 shares
Chemours Co~$105.0MSold out · 1.2% → 0.0%−4,375,000 shares
PayPal~$82.9MCut · 4.7% → 3.3%−800,000 shares
Fox Corp~$78.8MCut · 4.5% → 3.0%−2,500,000 shares
Campbell Soup Co~$70.4MCut · 8.7% → 9.5%−1,500,000 shares
Pinterest Inc~$36.9MSold out · 0.4% → 0.0%−1,355,000 shares

Holdings

As of Sep 30, 2019. Changes are in shares against Jun 30, 2019, so a price move alone never reads as a buy or a sale.

Positions, sorted by share of the portfolio
#	Holding		% prev	Value	Shares		Price	Prev price
1	Baxter Intl IncCOM · shares −27% · price +6.8%	17.5%	22.1%	$1.47B	16.9M	−27%	$87.47	$81.90	+6.8%	+$93.9M
2	United Technologies CorpCOM · shares 0% · price +4.9%	9.7%	9.1%	$819.1M	6.0M	0%	$136.52	$130.20	+4.9%	+$37.9M
3	Campbell Soup CoCOM · shares −8.1% · price +17.1%	9.5%	8.7%	$797.6M	17.0M	−8.1%	$46.92	$40.07	+17.1%	+$116.5M
4	Allergan PlcSHS · shares New	7.2%	—	$605.8M	3.6M	New	$168.29	—	—	—
5	Danaher CorporationCOM · shares 0% · price +1.1%	6.4%	6.2%	$535.8M	3.7M	0%	$144.43	$142.92	+1.1%	+$5.6M
6	SothebysCOM · shares 0% · price −2.0%	4.5%	4.5%	$379.6M	6.7M	0%	$56.98	$58.13	−2.0%	−$7.7M
7	SalesforceCOM · shares +92% · price −2.2%	4.4%	2.3%	$371.1M	2.5M	+92%	$148.44	$151.73	−2.2%	−$4.3M
8	Fidelity Natl Information SvCOM · shares New	3.9%	—	$331.9M	2.5M	New	$132.76	—	—	—
9	Burlington Stores IncCOM · shares +114% · price +17.4%	3.6%	1.4%	$299.7M	1.5M	+114%	$199.82	$170.15	+17.4%	+$20.8M
10	IQVIACOM · shares +25% · price −7.2%	3.5%	3.0%	$298.8M	2.0M	+25%	$149.38	$160.90	−7.2%	−$18.4M
11	PayPalCOM · shares −23% · price −9.5%	3.3%	4.7%	$279.7M	2.7M	−23%	$103.59	$114.46	−9.5%	−$29.3M
12	Visa Inc.COM CL A · shares 0% · price −0.9%	3.1%	3.0%	$258.0M	1.5M	0%	$172.01	$173.55	−0.9%	−$2.3M
13	Fox CorpCL A COM · shares −24% · price −13.9%	3.0%	4.5%	$252.3M	8.0M	−24%	$31.54	$36.64	−13.9%	−$40.8M
14	AdobeCOM · shares −11% · price −6.2%	2.7%	3.2%	$227.9M	825,000	−11%	$276.25	$294.65	−6.2%	−$15.2M
15	Boston Scientific CorpCOM · shares −9.1% · price −5.3%	2.4%	2.8%	$203.4M	5.0M	−9.1%	$40.69	$42.98	−5.3%	−$11.4M
16	S&P Global IncCOM · shares +5.3% · price +7.5%	2.3%	2.0%	$196.0M	800,000	+5.3%	$244.98	$227.79	+7.5%	+$13.1M
17	Far Pt Acquisition CorpCL A FOUNDERS SH · shares 0% · price +0.3%	1.9%	1.9%	$160.4M	15.7M	0%	$10.22	$10.19	+0.3%	+$469,000
18	Five Below IncCOM · shares New	1.3%	—	$107.2M	850,000	New	$126.10	—	—	—
19	Black Knight IncCOM · shares 0% · price +1.5%	1.3%	1.2%	$106.9M	1.8M	0%	$61.06	$60.15	+1.5%	+$1.6M
20	Centene Corp DelCOM · shares −4.0% · price −17.5%	1.2%	1.5%	$103.8M	2.4M	−4.0%	$43.26	$52.44	−17.5%	−$22.0M
21	Sony CorpSPONSORED ADR · shares 0% · price +12.9%	1.1%	0.92%	$88.7M	1.5M	0%	$59.13	$52.39	+12.9%	+$10.1M
22	MicrosoftCOM · shares 0% · price +3.8%	0.99%	0.94%	$83.4M	600,000	0%	$139.03	$133.96	+3.8%	+$3.0M
23	Colfax CorpCOM · shares 0% · price +3.7%	0.69%	0.66%	$58.1M	2.0M	0%	$29.06	$28.03	+3.7%	+$2.1M
24	Americold Rlty TrCOM · shares 0% · price +14.3%	0.56%	0.49%	$47.5M	1.3M	0%	$37.07	$32.42	+14.3%	+$6.0M
25	Far Pt Acquisition CorpUNIT 06/01/2025 · shares 0% · price +0.2%	0.51%	0.50%	$42.8M	4.0M	0%	$10.69	$10.67	+0.2%	+$80,000
	Total · 40 positions	100%		$8.42B						+$124.8M

The filing on SEC EDGAR ↗

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 Q2 2019 to Q3 2019: 29 stocks held throughout, up $124.8M (+1.9%).

Campbell Soup Co+$116.5M+17%
Baxter Intl Inc+$93.9M+7%
United Technologies Corp+$37.9M+5%
Burlington Stores Inc+$20.8M+17%
S&P Global Inc+$13.1M+8%
IQVIA−$18.4M−7%
Centene Corp Del−$22.0M−18%
Gtt Communications Inc−$25.1M−46%
PayPal−$29.3M−9%
Fox Corp−$40.8M−14%

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.

$20.00B$10.00B$0

Q1 201642 quartersQ2 2026

Every quarter's filing

Each quarter's 13F filing, newest first
Quarter	Filed	Reported value	Positions	Filing
Q2 2026	Aug 14, 2026	$4.68B+125%	43	SEC ↗
Q1 2026	May 15, 2026	$2.08B−71%	33	SEC ↗
Q4 2025	Feb 17, 2026	$7.27B−19%	44	SEC ↗
Q3 2025	Nov 14, 2025	$8.99B+18%	46	SEC ↗
Q2 2025	Aug 14, 2025	$7.62B+16%	51	SEC ↗
Q1 2025	May 15, 2025	$6.55B−12%	45	SEC ↗
Q4 2024	Feb 14, 2025	$7.44B+0%	43	SEC ↗
Q3 2024	Nov 14, 2024	$7.43B−15%	42	SEC ↗
Q2 2024	Aug 14, 2024	$8.74B+11%	44	SEC ↗
Q1 2024	May 15, 2024	$7.85B+18%	40	SEC ↗
Q4 2023	Feb 14, 2024	$6.64B+1%	37	SEC ↗
Q3 2023	Nov 14, 2023	$6.59B−3%	42	SEC ↗
Q2 2023	Aug 14, 2023	$6.82B+12%	45	SEC ↗
Q1 2023	May 15, 2023	$6.11B+2%	46	SEC ↗
Q4 2022	Feb 14, 2023	$5.97B+8%	44	SEC ↗
Q3 2022	Nov 14, 2022	$5.53B+31%	61	SEC ↗
Q2 2022	Aug 15, 2022	$4.22B−45%	58	SEC ↗
Q1 2022	May 16, 2022	$7.68B−46%	75	SEC ↗
Q4 2021	Feb 14, 2022	$14.33B−22%	92	SEC ↗
Q3 2021	Nov 15, 2021	$18.32B+7%	113	SEC ↗
Q2 2021	Aug 16, 2021	$17.08B+15%	126	SEC ↗
Q1 2021	May 14, 2021	$14.84B+14%	125	SEC ↗
Q4 2020	Feb 16, 2021	$12.97B+30%	74	SEC ↗
Q3 2020	Nov 13, 2020	$10.00B+37%	47	SEC ↗
Q2 2020	Aug 17, 2020	$7.30B+17%	36	SEC ↗
Q1 2020	May 15, 2020	$6.27B−28%	30	SEC ↗
Q4 2019	Feb 13, 2020	$8.70B+3%	37	SEC ↗
Q3 2019	Nov 14, 2019	$8.42B−1%	40	SEC ↗
Q2 2019	Aug 12, 2019	$8.54B−5%	42	SEC ↗
Q1 2019	May 15, 2019	$8.99B+38%	31	SEC ↗
Q4 2018	Feb 8, 2019	$6.51B−55%	22	SEC ↗
Q3 2018	Nov 9, 2018	$14.31B−0%	31	SEC ↗
Q2 2018	Aug 10, 2018	$14.35B+8%	38	SEC ↗
Q1 2018	May 15, 2018	$13.32B−4%	40	SEC ↗
Q4 2017	Feb 14, 2018	$13.86B+16%	44	SEC ↗
Q3 2017	Nov 9, 2017	$11.90B+5%	37	SEC ↗
Q2 2017	Aug 11, 2017	$11.28B+10%	32	SEC ↗
Q1 2017	May 12, 2017	$10.25B+1%	38	SEC ↗
Q4 2016	Feb 10, 2017	$10.19B−11%	38	SEC ↗
Q3 2016	Nov 10, 2016	$11.50B+10%	38	SEC ↗
Q2 2016	Aug 12, 2016	$10.49B−3%	40	SEC ↗
Q1 2016	May 13, 2016	$10.86B	37	SEC ↗