Daniel Loeb

Daniel Loeb

Last Update: 2014-11-14

Number of Stocks: 41
Number of New Stocks: 11

Total Value: $8,714 Mil
Q/Q Turnover: 26%

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

Daniel Loeb Watch

  • Activist Investor Dan Loeb (Third Point) Takes Aim at Sotheby's

    Dan Loeb of Third Point is at it again. This time the target of a nasty letter is Sotheby's (BID).

    The full letter is below:  


  • Sony's Management Should Pay Attention to Dan Loeb

    As an investor, its tough not to agree with Daniel Loeb. For years, the activist investor has been creating value for the investors of his fund, Third Point LLC, and for all the shareholders of the companies where he held a long position. This was the case for Yahoo (YHOO), a position he already closed at a huge profit: Third Point bough Yahoo shares at various prices between $11 and $15 and sold its position at around $29. Now, Loeb is proposing to unlock value from Sony (SNE), the Japanese conglomerate. Even when Sony's shares have raised by more than 90% year-to-date, I think there is still huge upside potential for the company. Let's take a look!

    A Value-Enhancing Proposal  


  • Daniel Loeb's Third Point Underperforming So Far, Top Stock Picks Excel

    Daniel Loeb’s Third Point Offshore Fund is underperforming the market this year, having returned 15% versus the S&P 500’s 16.1% return through Aug. 31. For the month of August, the fund fell 0.7%, less than the S&P’s 2.9% decline. While other strategies may be lackluster at the moment, the hedge fund manager’s stock picking strength is seen in his top five positions, which are all well into positive territory this year. The other strategies remain unknown as Loeb ceased reporting his top five overall positions (including shorts, currency plays and others) back in May.

    As of June 30, his top long stock picks having a stellar year are Yahoo Inc. (YHOO), American International Group (AIG), Liberty Global PLC (LBTYA) and Thermo Fisher Scientific Inc. (TMO).  


  • Daniel Loeb Buys Sotheby’s Stake in Winning Streak

    Some of his high-profile hedge fund colleagues have experienced mixed results from their activist investments recently, but Daniel Loeb has been on a fairly good streak with his biggest bets such as Yahoo (YHOO) and Herbalife (HLF). This week he dove into his next project: art auction house Sotheby’s (BID).

    Reported on Monday, Loeb purchased a 5.78% stake in the company, equaling 3,925,000 shares, according to GuruFocus Real Time Picks. The 13D filing states that he accumulated the shares in a series of purchases and sells taking place from June 26 through Aug. 23. His purchase prices ranged from $37.64 to $45.76.  


  • Daniel Loeb’s High Impact Selling - YHOO Shares 62M and Second Quarter Update

    Guru Daniel Seth Loeb is the founder and CEO of Third Point LLC, a hedge fund based in New York. His portfolio update lists 33 stocks with six new stocks. The total value is $4.41 billion, with a quarter-over-quarter turnover of 25%. His portfolio is currently weighted with top three sectors: consumer cyclical at 12%, financial services at 10.1% and communication services at 8.1%.

    On the sell side, Loeb just made a huge reduction on his Yahoo Inc. (YHOO) holding in third quarter trading, as well as 22 sells or reductions in the second quarter of 2013. Here are recent selling highlights on trades that have made the highest impact on his portfolio.  


  • Daniel Loeb's Second Quarter Increases

    Daniel Loeb is a renowned hedge fund manager and the founder and chief executive of Third Point. During the second quarter, Daniel Loeb bought six new stocks bringing his total number of stocks to 33 valued at $4.414 billion.

      


  • Daniel Loeb Comments on Yahoo

    Equity Position: Yahoo (YHOO)

    Last week, we sold approximately two-thirds of our stake in Yahoo. In addition, the three Third Point nominees to the company's Board of Directors –Daniel Loeb, Harry Wilson, and Michael Wolf – submitted their resignations as required by the settlement agreement ending our proxy contest in 2012. We continue to hold approximately 20 million shares and the investment's IRR is just over 50%since inception.  


  • Daniel Loeb Comments on CF Industries

    Equity Position: CF Industries (CF)

    CF Industries is North America's largest nitrogen fertilizer manufacturer and one of the lowest-cost producers globally. CF currently trades at an unwarranted discount to fertilizer and commodity chemical peers. We believe its structural cash flow generation strength is misunderstood and that management should deliver a much larger dividend to its shareholders. Such a dividend would highlight the sustainability of its cash flow generation and lead to a substantial re-rating.  


  • Daniel Loeb Comments on Sony Corporation

    Equity Position: Sony Corporation (SNE)

    Third Point acquired a significant stake in Sony Corporation ("Sony") earlier this year, and in May, we unveiled a proposal to increase value by partially listing Sony's Entertainment ("Entertainment") business in the U.S. Our investment thesis is that Sony – composed of Electronics, Finance, and Entertainment – is not well understood by investors and is therefore significantly undervalued. Sony's Entertainment division has leading franchises in movie and television production and distribution via Columbia Pictures and Sony Pictures Television, and is one of the top recorded music and publishing companies in the world. Sony also has coveted global cable network assets, including a strong position in the fast-growing Indian market. Electronics is best known for its struggling televisions and VAIO computers but its true value lies in its strong semiconductor and video game console divisions, and its resurgent smartphone business. At the time we made our initial investment, we believed that at our purchase price we were acquiring Entertainment at an attractive value while receiving Electronics nearly for free, giving us a substantial margin of safety.  


  • Daniel Loeb's Third Point Second Quarter 2013 Investor Letter

    Review and Outlook: Third Point's opportunistic approach and robust framework allow us to search globally for attractive event-driven equity and credit opportunities and occasional"macro" trades. Our broad mandate has made it increasingly essential to study economic trends and attempt to identify key areas to dedicate our resources. Over our eighteen years, this flexibility has given us the ability to avoid (or short) asset classes that become overvalued, such as tech stocks in the bubble of the late '90s or credit leading up to 2007, and to press bets in areas that become oversold. As a result, our portfolio is built not only by reacting to special situations that arise, but also from top down insights.

    At our Investor Presentation in February, we outlined four key developments we expected would lead to interesting investment ideas in 2013: a) increasing allocations to equities as a consequence of a more benign macro environment; b) a re-rating of stocks due to improving global economic growth; c) a resurgent Japan; and d) an increase in merger and acquisition activity reflecting rising corporate confidence. More than halfway through the year, all of these developments have played out as expected, and a majority of our profits have come from event-driven investments in American and Japanese equities.  


  • Daniel Loeb Sells 40 Million Shares of Yahoo

    On July 22 Daniel Loeb decreased his position in Yahoo! (YHOO) by 66.77%. The guru sold a total of 41,400,000 shares at an average price of $29.11 per share. This sell comes as Yahoo! announced that they would be repurchasing 40 million shares held by Loeb’s fund, Third Point. The purchase price equaled the closing price of Yahoo! common stock on July 19.

    Since this sell, the price per share has dropped approximately 3%. As of the first quarter Loeb held 5.63% of the company’s shares outstanding, but as of his most recent sell he holds 1.87% of Yahoo’s shares. Daniel Loeb now owns 20,600,000 shares of Yahoo!, keeping him as the top guru shareholder.  


  • Daniel Loeb’s Third Point Trails S&P in First Half, But Top Stocks Doing Great

    Daniel Loeb does not have to worry much about his Third Point Offshore Fund trailing the S&P for a few quarters: His 10-year cumulative return is 352.2% compared to 99.7% for the index. For the first half of the year he has slightly underperformed the S&P 12.6% to 13.8%, after reporting a 1.8% loss for June compared to the S&P’s 1.3% loss.

    The reason for the margin is not readily clear, as Loeb ceased disclosing his fund’s top positions in his monthly reports in May. Holdings such as gold (down 26% year to date), short positions, macro positions or government bonds, which are not listed in SEC filings, may be weighing on overall returns. In May, the last time he openly reported his “top losers,” gold and two shorts appeared in the list.  


  • Dan Loeb (Third Point) June 2013 Investor Report



  • Third Point's Dan Loeb Increases His Bet on Sony and Writes a Second Letter to Management

    Below is Dan Loeb's second letter to Sony Management (SNE) where he discloses that he has upped Third Point's position in Sony to $1.4 billion and reiterates his opinion on the direction the company should take.

    Mr. Kazuo Hirai  


  • 3 Stocks Dan Loeb Has Been Buying

    Move over Mr. Ackman.

    Dan Loeb of Third Point is the new man in town taking the activist crown.  


  • Third Point's (Dan Loeb) Letter to Sony Management



  • Daniel Loeb's Top Three Increases of the First Quarter

    Billionaire Daniel Loeb of Third Point LLC has a portfolio consisting of 40 stocks, 12 of those being new buys, valued at $5.3 billion. Loeb is well known in the financial world for writing public letters in which he expresses disapproval of the performance and conduct of other financial executives. In 2012 the guru reported a return of 21.2%, an excess gain of 5.8% over the S&P 500’s return.

      


  • Daniel Loeb Adds 3 New Buys to Top 10

    Daniel Loeb is an activist investor who has recently suggested a few ideas to top holding Sony (SNE), via a less strongly worded letter to top management than usual. He could be out to replicate his success with Yahoo (YHOO), a sleepy company he shook up and then watched rise 75% in stock price the past 12 months. Loeb’s 10.5% return through April lagged the S&P 500 index’s 12.7%, though his annualized return since the inception of Third Point, his event-driven hedge fund, is 17.9%, compared to 6.6% for the S&P 500.

    In his first quarter letter, Loeb said, “Consistent with our approach over the past few quarters, we have approximately half the equity exposure of the market and vary our net and gross dynamically. We are continuing to find interesting event‐driven opportunities in equities, credit and currencies.”  


  • Third Point Update and Top Three

    Highest-earning hedge fund managers are in the spotlight this week as many of the investor Gurus have found a place on the new “Rich List” released by Institutional Investor’s Alpha. Third Point’s letter-writing shareholder activist founder Daniel Loeb is No. 10 on the Rich List, and is reported to have earned $380 million in 2012.

    In first quarter Loeb’s fund Third Point made around $50 million on his $200 million Herbalife bet, according to WSJ, listing Herbalife Ltd. (HLF), Yahoo (YHOO) and Virgin Media (VMED) as the fund’s top performers. Virgin Media (VMED) is up 127% over 12 months, while Herbalife (HLF) is down 4% over 12 months. Here’s a current look at Daniel Loeb’s other top holdings.  


  • WellPoint (WLP) - A Comprehensive Value Analysis

    Putting Politics Aside to Make Money


    As value investors, we look for consistent growth in a wonderful business that is currently selling at a discount. I believe that the market is offering WellPoint Inc. (WLP), an established health insurance provider, at a discount to its value.

      


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User Comments

Guardinvest
ReplyGuardinvest - 1 month 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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