Daniel Loeb

Daniel Loeb

Last Update: 08-14-2015

Number of Stocks: 49
Number of New Stocks: 14

Total Value: $10,618 Mil
Q/Q Turnover: 17%

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

Daniel Loeb Watch

  • Daniel Loeb’s Third Point Second Quarter 2014 Investor Letter

    Review and Outlook


    Markets moved higher in the first half of 2014, despite an early sell-off in heavily-owned hedge fund names and popular technology stocks. While investors perceived the market as volatile, the +7% return for the first half largely exceeded expectations.

      


  • Einhorn Is Transforming BioFuel Energy Into A Profitable Real Estate Company

    Two of the gurus that I follow at GuruFocus are David Einhorn and Daniel Loeb. They are both considered to be activist investors and their hedge funds have experienced extraordinary results. Loeb started Third Point Capital in 1995 and Einhorn started Greenlight Capital in 1996. Third Point Capital has returned 20.4 percent annulized since its inception in 1995, and Greenlight Capital has returned 19.5 percent annualized since May of 1996.


    Together they hold 52.8 percent of BioFuel Energy Corp (BIOF) with Einhorn holding 35.4 percent and Loeb holding 17.4 percent of the shares outstanding (including B Shares) according to the Form S-1 filed with the SEC on 7/16/2014. BioFuel is going through some major changes and will be reinventing itself as a real estate company. With the exceptional track record of the two hedge fund managers, Biofuel Energy is going to be a stock to keep an eye on.

      


  • Top Insider Sells Highlight: Cytec Industries Inc.

    Vice President and CFO of Cytec Industries Inc. (NYSE:CYT) David Drillock sold 49,038 shares on July 21 at an average price of $107.06. The total transaction amount was $5,250,008.


    Cytec Industries was incorporated as an independent public company in December 1993. Cytec Industries Inc has a market cap of $3.85 billion; its shares were traded at around $107.42 with a P/E ratio of 20.70 and P/S ratio of 2.10. The dividend yield of Cytec Industries stocks is 0.50%. Cytec Industries had an annual average earnings growth of 46.60% over the past 5 years.

      


  • Top Insider Sells Highlight: Google Inc.

    CEO and 10% Owner of Google Inc (NASDAQ:GOOG) Lawrence Page sold 33,332 shares on July 14 at an average price of $586.48. The total transaction amount is $19,548,551.


    Google was incorporated in California in Sept. 1998 and reincorporated in Delaware in Aug. 2003. Google Inc has a market cap of $394.43 billion; its shares were traded at around $584.78 with a P/E ratio of 30.80 and P/S ratio of 6.30. Google Inc had an annual average earnings growth of 33.30% over the past 10 years. GuruFocus rated Google Inc the business predictability rank of 3-star.

      


  • Gain Access to Daniel Loeb’s Hedge Fund Through Third Point Re

    Through my research of Greenlight Re (GLRE), I discovered Third Point Reinsurance (TPRE). Third Point Re was listed as the most similar, publicly traded competitor to Greenlight Re. The company is a way to gain access to Daniel Loeb’s hedge fund without needing the typical $1 million to invest in such a fund. Loeb has been one of the best performing gurus that we follow at GuruFocus. Third Point’s funds have blown away the S&P 500 over the years. The Master Fund has provided an annual return of 20.4 percent since inception in 1995 compared to the S&P 500’s annual return of 9.7 percent.


      


  • What Guru Investors Did with Bill Ackman's Herbalife in Q1

    When an investor as prominent as Bill Ackman (Trades, Portfolio) makes a short case of a public company, many other investors will either agree with him, or view it as an opportunity to take a long position on the ensuing dip. But in the case of weight-loss and nutrition company Herbalife (NYSE:HLF), its stock has had a tortuous ride since Ackman announced his short in 2012, as no ultimate determination about his thesis has been made. That didn’t stop fund managers from taking sides again in the first quarter.

    Ackman’s initial announcement of his $1 billion short against Herbalife in April 2012 immediately sunk the company’s stock by more than a third. In December 2012, it plunged again by about 38%. His victory was short-lived, however, when in the next year Herbalife’s soared to all-time highs.  


  • Top 5 Hedge Fund Net Buys

    The recent top net buys of the hedge fund gurus were American Airlines (NASDAQ:AAL), Actavis (NYSE:ACT), Allegion (NYSE:ALLE), Gilead Sciences (NASDAQ:GILD), and Verizon (NYSE:VZ). I found the net buys by using the S&P 500 Grid at GuruFocus. I adjusted the setting to include only hedge fund gurus and examined the results for both S&P 500 companies and non-S&P 500 companies.


    American Airlines Group (AAL) 14 (16 buys, 2 sells)

      


  • Can Loeb Reinvigorate Sotheby’s?

    Now that Third Point LLC’s founder and CEO, Daniel Loeb, and the board of Sotheby’s (BID) have come to an agreement, is now the time to buy the stock? There is currently an opportunity to buy it at a lower price than Loeb. He currently has 6.35 million shares valued at valued a little under $260 million. His average purchase price is $43.91 with his purchases starting in February of 2013. The stock is now trading for about 7 percent less at $40.76.


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  • Daniel Loeb Comments on SoftBank Corp

    SoftBank Corp. (TSE:9984)("SoftBank") Update Following its strong rally at year‐end, SoftBank shares pulled back 15% during Q1 2014. We believe this pullback was due to technical trading and that SoftBank's fundamentals are stronger than when we initiated the position during the fourth quarter of 2013. SoftBank has continued to demonstrate significant value growth in key drivers across each of its underlying businesses. The Japanese wireless segment successfully navigated the temporary impact of NTT's iPhone offering and seasonal promotional activity in March 2014, while consensus valuations for Alibaba Group have grown from $120 billion to $171 billion year‐to‐date. These trends play into the four‐pronged equity value expansion story for SoftBank shares:


    1) SoftBank Mobile value expansion of ¥230 per share annually (EBITDA growth, constant multiple)

      


  • Daniel Loeb Comments on IHI Corporation

    Equity Position: IHI Corporation ("IHI")(TSE:7013)


    IHI is a mid‐cap Japanese conglomerate exposed to three big themes: commercial aerospace, automotive fuel efficiency, and Abenomics‐led real estate reflation in Tokyo.

      


  • Third Point (Dan Loeb) Q1 2014 Letter to Investors



  • Global Market Valuations and Expected Returns – April 4, 2014

    In January 2014, the U.S. stock market benchmark S&P 500 lost 3.36% after an excellent 2013. The enthusiasm went back as the market gained 4.31% over February. In March, it went up only 0.69%. The market benchmark S&P 500 closed at 1890.90 on April 2, 2014, which is the new record high. What is the situation in the other parts of the world? In March, the key indexes in Europe returned negative. Germany’s DAX index declined 1.40%. France’s CAC-40 index lost 0.38%. The FTSE 100 index was down 3.10%. Stock market performances in Asia were weak too. Japan’s NIKKEI 225 moderately decreased 0.09%. Hong Kong’s Hang Seng Index was down 3.00% and China’s SSE Composite index was down 1.12% due to the weaker-than-expected Chinese economic data.


    Seth Klarman has returned $4 billion to clients at 2013 year-end due to lack of ideas and has 40% of the portfolio in cash. In his 2013 letter to investors, he mentioned the Continuing Problems in Europe, “Europe isn’t fixed either, but you wouldn’t be able to tell that from investor sentiment. One sell-side analyst recently declared that ‘the recovery is here,’ a sharp reversal from his view in July 2012 that Greece had a 90% chance of leaving the Euro by the end of 2013. Greek government bond prices have nearly quintupled in price from the mid-2012 lows. Yet, despite six years of painful structural adjustments, Greece’s government debt-to-GDP ratio currently stands at 157%, up from 105% in 2008. Germany’s own government debt-to-GDP ratio stands at 81%, up from 65% in 2008. That doesn’t look fixed to us. The EU credit rating was recently reduced by S&P. European unemployment remains stubbornly above 12%. Not fixed.

      


  • Big Solutions to Improve Dow's Balance Sheet

    The Dow Chemical Company (NYSE:DOW) is the largest U.S. chemical maker by sales. It is engaged in manufacturing and supplying products used primarily as raw materials in the manufacture of customer products and services. The company serves the following industries: appliance; automotive; agricultural; building and construction; chemical processing; electronics; furniture; housewares; oil and gas; packaging; paints, coatings and adhesives; personal care; pharmaceutical; processed foods; pulp and paper; textile and carpet; utilities; and water treatment.


    In this article, let's take a look at this company and try to explain to investors the reasons this is an apparently appealing investment.

      


  • Diversification, Hedging and Joint-Ventures Are Cabot´s Long-Term Drivers

    Cabot Oil & Gas Corp. (NYSE:COG) is an oil and gas company engaged in the development, exploitation, exploration, production and marketing of natural gas, crude oil and, to a lesser extent, natural gas liquids. The company also transports, stores, gathers and purchases natural gas for resale.


    In this article, let's take a look at this company and try to explain to investors the reasons this is an apparently appealing investment.

      


  • Absolute and Relative Valuation Models Indicate the Same: Abbot Is a Buy

    Abbott Laboratories (NYSE:ABT) is engaged in the discovery, development, manufacture and sale of health care products. Market-based metrics indicate that the stock is relatively undervalued. So now let's take a look at the intrinsic value of this company and try to explain to investors the reasons why it is a good buy or not. With a dividend-payment history that affirms its commitment to maximize shareholder wealth, the company raised its quarterly dividend by 57% to $0.22 per share from $0.14. Its dividend yield is 1.67%, ahead of the industry yield of 1.35%. This makes it interesting to analyze the Discount Dividend Model.


    In this article, we present a model that is by no means the be-all and end-all for valuation. The purpose is to force investors to evaluate different assumptions about growth and future prospects.

      


  • Is Liberty Global Speeding Up Too Quickly?

    Liberty Global Plc (NASDAQ:LBTYA)’s John Malone has a track record for purchasing small and medium-sized companies, with the goal of expanding the media and communications empire. The most recent example of this strategy was seen at the beginning of the month, when the company acquired the remaining 20% of Chile’s largest cable operator VTR for 10.1 million shares ($422 million). Furthermore, to guarantee the firm’s proper management and elevate the customer experience, VTR has entered Telecom Italy’s Global Partnership Program, which should help improve operational efficiency. However, while there is no doubt about Liberty’s growth prospects, many investment gurus like Eric Mindich (Trades, Portfolio) and Daniel Loeb (Trades, Portfolio) have been reducing or selling out their shares in the company, due to lax returns on investment.


    As Scale Grows, So Does Debt

      


  • Sotheby's Response to Third Point Litigation

    NEW YORK, March 25, 2014 (GLOBE NEWSWIRE) -- Sotheby's (NYSE:BID) issued the following in response to reports that Third Point has filed litigation against the Company.


    Late last year, Sotheby's adopted a one-year shareholder rights plan, which expires in October 2014 and cannot be extended beyond October 2014 without shareholder approval. It is similar to those adopted by numerous publicly traded companies facing similar situations. Sotheby's shareholder rights plan was adopted in response to rapid accumulations of significant portions of the Company's outstanding common stock, including through derivatives.

      


  • Abbott Capturing Incremental Market Share

    Abbott Laboratories (NYSE:ABT) is engaged in the discovery, development, manufacture, and sale of health care products. The company’s reportable segments include: Established Pharmaceutical Products, Nutritional Products, Diagnostic Products, and Vascular Products. Non-reportable segments include the Diabetes Care and Medical Optics segments.


    Let's take a look at this company and try to explain to investors the reasons this is an apparently appealing investment opportunity.

      


  • Activist Billionaire Daniel Loeb in a Battle for Control of Sotheby’s

    Daniel Seth Loeb is founder of Third Point LLC, a New York-based hedge fund. On Feb. 27, he added Sotheby's (NYSE:BID) at an average price of $50.51 and on March 11, he added the stock again at an average price of $47.27. He currently holds 6.65 million shares of the stock with a current value of $293 million in his portfolio and his stake in Sotheby's is about 9.6%. So let's take a look at this company and try to explain to investors the reasons why he is betting on it.


      


  • Sotheby's Open Letter to Shareholders Regarding Third Point’s Board Nominees

    SOTHEBY’S SENDS OPEN LETTER TO SHAREHOLDERS


    • Sotheby’s Has the Right Plan and the Right Team to Continue Building Sustainable Value for Shareholders and Clients
    •   


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User Comments

Guardinvest
ReplyGuardinvest - 9 months ago
Following DOW as he puts added pressure on them to split and divest their commodity chemical business as well as increase stock buy backs. Creating a Shadow Board.



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