Daniel Loeb

Daniel Loeb

Last Update: 08-16-2016

Number of Stocks: 41
Number of New Stocks: 18

Total Value: $10,492 Mil
Q/Q Turnover: 24%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Daniel Loeb Watch

  • Dan Loeb's Third Point Re a Tremendous Value

    It’s not often that you can buy into a legendary value investor hedge fund at a discount. Third Point Re (NYSE:TPRE) might be the exception.


    Ever since Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) found long-term success, hedge fund managers have scrambled to set up their own insurance companies. In this structure, the insurance entity focuses on underwriting policies, while the premiums are managed by the hedge fund manager.

      


  • Stocks Trading With Low PS Ratio, Wide Margin of Safety

    According to GuruFocus' All-In-One Screener, the following are stocks of companies with a market cap above $5 billion that are trading with a very low P/S ratio.


    Dow Chemical Co. (DOW) is trading at about $41 with a P/S ratio of 0.98, a trailing 12-month P/E multiple of 10.69 and an estimated forward P/E multiple of 10.49. The company has a market cap of $47.87 billion and over the last 10 years, the stock has dropped by 3%. During the last 52 weeks, the price has been as high as $57.10 and as low as $35.11.

      


  • Jana Partners Dumping Half of Hertz Holdings

    Guru Jana Partners (Trades, Portfolio) seriously started racking up its exposure to Hertz (NYSE:HTZ) at the end of 2014.


    Ultimately Jana Partners (Trades, Portfolio) owned about 41 million shares of the car rental business that owns the Hertz, Dollar, Thrifty and Firefly brands. Its network of rentals spans the globe with storefronts across North America, Europe, Latin and South America, Asia, Australia, Africa, the Middle East and New Zealand. Back at the end of August the company started decreasing its exposure, but now it has seriously cut back on its stake, selling 44.70% at once.

      


  • Richard Pzena's Undervalued Stocks Trading With Low P/Es

    Richard Pzena is founder and co-chief investment officer of Pzena Investment Management LLC with more than $24 billion under management. Pzena started the firm in 1995. He earned a B.S. summa cum laude and an M.B.A. from the Wharton School of the University of Pennsylvania in 1979 and 1980.


    The following are the stocks of his portfolio that are undervalued and are trading with a low P/E ratio.

      


  • Dan Loeb's Largest 3rd Quarter Investment Was Kraft Heinz Co.

    Billionaire Daniel Loeb (Trades, Portfolio) founded the hedge fund Third Point in 1995, which manages about $17 billion. Loeb is an activist investor and Third Point follows an event-driven, value-oriented investment style.

    During the third quarter, Loeb added four new holdings to the portfolio, while closing out 17 other positions.  


  • Why Daniel Loeb Is Putting 15% of His Portfolio Into Baxter

    Guru Dan Loeb leads Third Point LLC and recently built up a large stake in Baxter International (NYSE:BAX), which now makes up about 15% of his portfolio. Since that time he has requested and been granted two board seats and helped to install the new CEO. Loeb has not taken the aggressive approach (given the soft tone of his letter to the company) he is known for that usually tends to grab the attention of the financial media. It’s a bit of a stretch to say this one is flying under the radar, but it definitely has not attracted as much attention as his Sotheby’s (BID) or Sony campaigns.


    There are a few clear reasons for his soft approach. Baxter was already in need of a new CEO; Loeb just wanted to get involved in that search and he brings a lot of expertise to the table. He is, after all, somewhat of a specialist in kicking people out, which inevitably requires you put in someone new who is actually an improvement. His usual venemous rhetoric was not required to get a shareholder value centric CEO Joe Almeida of Covidien (COV), installed. Almeida really has a pretty good track record for value creation:

      


  • David Einhorn and Dan Loeb Love This Company

    With a market cap under $400 million, a complex business structure and a winding operating past, it's little wonder that most investors haven't heard of Green Brick Partners Inc. (GBRK).


    Green Brick Partners is a residential real estate company that develops residential communities and holds interests in several different homebuilders. According to its website, it controls approximately 4,800 prime home sites, originates approximately 1,000 secured first lien loans each year and owns a controlling interest in four homebuilding companies in Dallas as well as the fifth-largest homebuilder in Atlanta.

      


  • Daniel Loeb Comments on Seven & i Holdings

    Seven & i Holdings


    During the third quarter, we continued to add to our investment in Japan's Seven & i Holdings (TSE:3382) (the parent company for the 7-Eleven franchise) at attractive valuations. The company has a $40 billion market cap and derives more than 100% of its cash flow from the operation of a 90%-franchised convenience store network in Japan, the U.S. and Southeast Asia.

      


  • Daniel Loeb Comments on Baxter International Inc.

    Baxter International Inc.


    During position: the third quarter, we disclosed a 9.9% stake in Baxter International Inc. making us the company’s largest shareholder. Baxter provides critical, life-saving materials to patients and physicians in over 100 countries with an emphasis on renal care and medical products.

      


  • Daniel Loeb Increases Bet on Japan as Existing Holdings Decline

    Daniel Loeb (Trades, Portfolio)’s conviction on Japan he made public several years ago has not abated this year as he made clear by taking several stakes in the country in recent months. As he discloses a new activist long position in the country, Seven & i, several of his positions have yet to post gains.


    The investor’s interest in Japan lies primarily in Prime Minister Shinzo Abe’s economic reforms. Loeb believed they could open Japanese companies to American-style investor influence for the first time, laying bare corporate weaknesses and creating a hotbed for activist investors such as him. Loeb, founder of the hedge fund Third Point, declined to comment, but his staff pointed to a Wall Street Journal piece from several years ago in which he outlined his views on the country.

      


  • Third Point's Third Quarter Letter

    Daniel Loeb's Third Point has released their third quarter letter to shareholders. In the letter Loeb discusses macroeconomics and the Federal Reserve's fiscal policy. Loeb also discusses his firm's 9.9% stake in Baxter Intenational Inc. (NYSE:BAX).


    Third Point Letter:

      


  • Undervalued Stocks With Low P/E Among Meridian Funds' Holdings

    Richard Aster is the founder of Aster Investment Management Company and he manages both Meridian Value Fund and Meridian Growth Fund. According to GuruFocus the hedge funds have a total value of $2,681 million and the following are the top 5 of the 149 stocks of the portfolio that are trading with a wide margin of safety according to the DCF calculator and with a a low P/E ratio.


    Baxter International Inc.

      


  • Loeb, Ackman's Portfolios Post Losses for Year as Top Bets Fall

    During a volatile market during the third quarter, several prominent hedge funds saw their returns decline.


    Pershing Square, Bill Ackman (Trades, Portfolio)’s fund, fell 12.5% in September, bringing its total third quarter decline to 15.3%. This compares to the HFRX Equity Hedge Index low of 2.08% for September. It also declined 12.6% for the first three quarters of the year, compared to the index decline of 3.13%. The first two weeks of the fourth quarter fared better, up 3.6%, but the total year-to-date decline still languished at 9.4%.

      


  • Is Baxalta a Good Spin-Off Opportunity?

    A number of well-known guru investors hold Baxalta (NYSE:BXLT), the biopharmaceutical pure-play spin-off from medtech parent Baxter. These include Tweedy Browne (Trades, Portfolio), Daniel Loeb (Trades, Portfolio) and Richard Pzena (Trades, Portfolio). Is it a good buy for investors at a current price of $33?


    In this stock note, I consider historical performance, upside, risks, valuation and a suggested buy price.

      


  • McKesson Officer Sells 101,835 Shares of Company

    McKesson Corp. (MCK) CEO, President and Chairman John Hammergren (Insider Trades) sold 101,835 shares of the company on Oct. 12. The average price per share was $190.51. McKesson is a healthcare service and information technology company dedicated to making the business of healthcare run well. The company has a market cap of $44.11 billion and a P/S ratio of 0.24.


    The number and volume of insider sells ranged from 24 to 45, and 724,166 shares to 1,718,598 shares from 2012 to 2015. Despite the nearly 100% increase of month end price in those years, the number and volume of insider sells did not increase accordingly. On average, each insider buy during this period of time amounted to about 30,000 shares. Hammergren sold 2,750,000 shares of the company in 21 transactions since August 2010. His earliest transaction increased about twofold since then. There were no insider buys during this time. 1444860871892.png 1444860878438.png For more information about insider transactions of the company, click here.

      


  • Activist Hedge Fund Manager Dan Loeb Increases Position in Leading Biotech Company

    Daniel Loeb’s Third Point LLC disclosed Wednesday that he increased his stake in Baxter International Inc. (NYSE:BAX), a medical equipment and supplies company, by purchasing an additional 11.97 million shares at an average price of $32.69 per share.


    After the transaction, the trader held 53.85 million shares. The stock has dropped 15.48% over the past year and traded around $32.85 per share by Wednesday closing, which was near its May price.

      


  • Apigee CEO Buys 5,000 Shares of Company

    Chetan Kapoor (Insider Trades), CEO and president of Apigee Corp. (APIC), bought 5,000 shares on Tuesday. The average price per share was $10.03, for a total transaction of $50,150. Apigee provides an intelligent API platform for digital business. The company’s market cap is $309.75 million, and P/S ratio is 4.39.


    Seven APIC insiders bought 320,844 shares in seven total transactions since April. The earliest transaction decreased about 40% in price since the purchase. Kapoor’s buy on Tuesday contributed to only 1.6% of the sum of insider shares bought since April. Stacey Giamalis (Insider Trades), APIC chief counsel, bought 344 shares in the company today. The average price per share was $10.48. Another company insider, Anant Jhingran (Insider Trades), APIC chief technology officer, bought 3,800 shares of the company on Friday. The average price per share was $10.73. 1443644300598.png 1443644310152.png

      


  • Charles Brandes' Most Weighted Trades in Q2 2015

    Charles Brandes is the chairman of Brandes Investment Partners. He manages a portfolio composed of 195 stocks with a total value of $7.80 billion and the following are his most weighted trades in the last quarter :


    He reduced his stake in Masco Corp. (MAS) by 34.23% with an impact of 0.67% on his portfolio.

      


  • Activist Hedge Fund Manager Dan Loeb Decreases Position in Leading Biotech Company

    Daniel Loeb's Third Point disclosed an equity portfolio valued at some $10.68 billion at the end of the second quarter. Among the 10 largest holdings from Loeb’s equity portfolio (which comprises 56.81% of the total portfolio value), the three top positions are: Amgen Inc. (NASDAQ:AMGN), Dow Chemical Company (NYSE:DOW) and Allergan PLC (NYSE:AGN).


    Amgen is a $110.26 billion market cap company that has major treatments for anemia, neutropenia, rheumatoid and psoriatic arthritis, psoriasis, cancer and osteoporosis.

      


  • Undervalued Stocks Among Mario Gabelli's Recent Buys

    Mario Gabelli (Trades, Portfolio) is the founder, chairman and CEO of Gabelli Asset Management Company Investors (GAMCO Investors) and at the end of the last quarter, his portfolio was composed of 834 stocks with a total value of $18.5 billion.


    According to GuruFocus' All-In-One screener, the following are the companies he recently bought with a wide margin of safety.

      


  • Dan Loeb Buys T-Mobile During Second Quarter

    Activist investor Daniel Loeb (Trades, Portfolio) founded hedge fund Third Point LLC in 1995, which today manages about $17 billion in assets. The firm’s strategy involves identifying situations with a catalyst that will unlock value.


    Loeb is well-known for penning scathing public letters to CEOs and companies he disapproves of, prompting Vanity Fair to publish excerpts of his top 10 letters in a 2013 feature.

      


  • Stocks Gurus Are Buying - Part I

    According to GuruFocus' All-in-One screener, the following stocks were six of the most popular among the gurus during the past three months. 



      


  • Dan Loeb Sees Opportunity in Latest Target Baxter International

    Serial 13D-filer Daniel Loeb (Trades, Portfolio) defended shareholder activism in his July letter and moved on to his next target, Baxter International (NYSE:BAX), on Tuesday.


    The company of which Loeb’s Third Point purchased 37,925,000 shares – a 7% stake costing $1.52 billion – has already shaken itself up somewhat. It spun off its biopharmaceutical business, Baxalta (NYSE:BXLT), on July 1, and is focusing on home, hospital and in-center therapies. Its board has also formed a working group to search for a new CEO, as its current chief executive, Bob Parkinson, 64, has spent 11 years at the company.

      


  • Daniel Loeb's Third Point Second Quarter Investor Letter

    Review and Outlook


    On June 1st, Third Point completed its 20th year of investing. Since we like numbers, we will share some statistics about our performance. Over the past two decades, we have generated annualized returns of 20.5%, cumulative returns of over 4000%, and gross trading profits of over $12 billion for our investors. Over the same period, the S&P 500 had annualized returns of 9.1% and cumulative returns of 475%. Our average monthly return has been 1.6% and our average quarterly return has been 5.0%, each roughly double the S&P’s return over the same periods. Finally, we have done this with a correlation to the S&P of only 0.4.1

      


  • A Look at June's Hedge Funds Returns

    The $3 trillion hedge-fund industry tumbled probably due to two important effects. On the one hand, Greece’s debt situation and on the other hand the recent performance of the Chinese stocks. In simple words, June was a bad month for stocks and for hedge funds, too.


    The Hedge Fund Research HFRI Weighted Composite Index dropped 1.3% and that percentage is its worst monthly loss since June 2013. In June, the HFRI Macro Index fell 2.4% and ended with the year to date gains of that index. In line with this, the SPDR S&P 500 ETF Trust (SPY) returned a negative 2.5% in June, but the total returns for the index for the year through Jul 14 was 2.3%.

      


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