Daniel Loeb

Daniel Loeb

Last Update: 03-20-2017

Number of Stocks: 38
Number of New Stocks: 12

Total Value: $10,188 Mil
Q/Q Turnover: 26%

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

Daniel Loeb Watch

  • Daniel Loeb Exits Amgen, Trims Dow Chemical

    Daniel Loeb (Trades, Portfolio) founded Third Point LLC in 1995 and leads the firm’s research activities, portfolio and risk management. During the second quarter the guru's largest sales were as follows:


    The guru exited his stake in Amgen Inc. (AMGN) with an impact of -4.14% on the portfolio.

      


  • Carl Icahn Buys Allergan

    During the second quarter, Carl Icahn (Trades, Portfolio) of Icahn Capital Management acquired a new holding in Allergan PLC (NYSE:AGN).


    Icahn is an activist investor, meaning he takes a position in a company and pressures management for change. Typically, he buys companies with low favorability, usually right out of bankruptcy, fixes them up and sells them when the stock is more favorable.

      


  • Daniel Loeb Goes 2 for 2 in Online Media Companies

    Founded in 1995, Third Point LLC seeks long-term capital appreciation through “event-driven, value-oriented investing.” As discussed in its prospectus, Daniel Loeb (Trades, Portfolio) invests in companies that are undervalued, or mispriced, based on market and relative valuation analysis. During the second quarter, the CEO made four trades in the online media and communications industries: two news buys, one reduction and one elimination.


    Loeb purchased 3.75 million shares of Facebook Inc. (NASDAQ:FB) at an average price of $115.23 per share. The social networking company currently has a financial strength rank of 9, implying a strong business operation. As mentioned in an earlier article, Facebook has high Piotroski F-scores and Altman Z-scores. With a current Z-score of 41.73, Facebook has almost no distress.

      


  • Daniel Loeb Discloses Stake in Convicted Inside Trader's Kadmon Holdings

    Third Point’s Daniel Loeb (Trades, Portfolio) today disclosed a stake in Kadmon Holdings (NYSE:KDMN), a biopharmaceutical company that went public on July 26. The company has a famous founder, Sam Waksal, who also created ImClone before his involvement in insider trading led to SEC restrictions and prison.


    As of Monday, Loeb has reported owning 17% or 7,611,844 shares of the company, according to Real Time Picks, though he has both recent interest and a long history with it. In its pre-IPO prospectus, Loeb is listed as 13.6% owner with 6,113,020 shares, consisting of common and convertible membership units, as one of its biggest investors. Yet his investment dates back even further, to at least April, when Kadmon converted from a limited liability company to prepare for an IPO, according to filings. The company did go public, for $12 a share, and Loeb took advantage of its post-IPO dip to buy 66,828 shares on the public market on Aug. 4-5 at prices around $9.90.

      


  • John Linehan Trims Stake in Chubb

    During the second quarter John Linehan of the T Rowe Price Equity Income Fund reduced the fund's stake in Chubb (CB) at an average price of $123.26. The trade had a 0.09% impact on the portfolio. The fund now owns 319,600 shares in the company.


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  • Daniel Loeb's Third Point 2nd-Quarter 2016 Investor Letter

    Review and Outlook

      


  • Daniel Loeb Beats Market But Stocks Down

    Third Point investor Daniel Loeb (Trades, Portfolio) posted a higher return than the S&P 500 index in June, saved from negative performance by gains in his bond portfolio.


    Loeb’s Third Point Offshore Fund returned 0.8% for the month, compared to 0.3% for the index. It was the third month this year he outperformed the market, but the fund is still falling short for the year through June 30, gaining 2.1% with the index up 3.8%. Loeb’s returns have been on an upswing for the past four months, with credit boosting returns since March while long positions struggled.

      


  • Richard Perry Trims Time Warner, AIG

    Richard Perry (Trades, Portfolio) co-founded private investment management firm Perry Capital LLC in 1988, which manages about $14 billion as of August 2008. The following are his largest deals during the first quarter:


    The investor exited his stake in Williams Companies Inc. (WMB) with an impact of -10.02% on the portfolio.

      


  • Daniel Loeb Invests in Intercontinental Exchange

    During the first quarter Daniel Loeb (Trades, Portfolio) purchased 225,000 shares of Intercontinental Exchange Inc. (NYSE:ICE) at an average price of $243.36 per share.


    IntercontinentalExchange Group was originally founded in the year 2000 but changed its name to Intercontinental Exchange on June 2, 2014. The company operates regulated global marketplaces for trading and clearing an array of securities and derivatives contracts across major asset classes including interest rates, equities, equity derivatives, credit derivatives, and bonds. The company exchanges include futures in the U.S., U.K., continental Europe, Canada and Singapore and cash equities exchange and equity options exchanges in the U.S.

      


  • Is Seasonal Investing the Best Way to Approach the Market?

    What happens when the markets stop making sense? How do you even begin to analyze which stocks to invest in?


    Over the last two years, markets have defied conventional theories, rallied even when the global economies appeared to be struggling and in the process managed to sway several investors into believing that everything was on a roll.

      


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