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Daniel Loeb Continues to Deliver Superb Results; Top Holdings: POT, ACL, ARG, HNT, PHH, CIT

December 02, 2010 | About:
guruek

guruek

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Thanks to the well-connected Bess Levin of DealBreaker, we got a glimpse of Daniel Loeb’s November and YTD 2010 performance numbers:

Third-Point-November-2010YTD-Performance


No bad no matter which number you are looking at, especially the YTD numbers.

2010 will mark another good year for the young hedge fund manager. According GuruFocus, for the past 5, 10, and 15 years through December 31, 2009, Loeb’s Third Point Partner fund accumulated a gain of 39.4%, 244%, and 1468% respectively. According to his second quarter 2010 letter, he averaged 21.6% since he started his fund in 1995.

We want to highlight his top long positions, fully aware of that quite a bit of his assets are invested in the short position. Here are his latest top holdings:

No. 1: Potash Corp. of Saskatchewan Inc. (POT), Weightings: 15.09% - 1,000,000 Shares

Potash Corporation of Saskatchewan Inc. is the world's largest potash company, the third largest phoshate producer and the second largest nitrogen producer in the world. Potash Corp. Of Saskatchewan Inc. has a market cap of $42.99 billion; its shares were traded at around $144.93 with a P/E ratio of 28.2 and P/S ratio of 10.8. The dividend yield of Potash Corp. Of Saskatchewan Inc. stocks is 0.3%. Potash Corp. Of Saskatchewan Inc. had an annual average earning growth of 31.7% over the past 10 years. GuruFocus rated Potash Corp. Of Saskatchewan Inc. the business predictability rank of 2.5-star.



No. 2: Alcon Inc. (ACL), Weightings: 12.23% - 700,000 Shares

Alcon, Inc. is the world's eye care company. Alcon Inc. has a market cap of $48.23 billion; its shares were traded at around $160.54 with a P/E ratio of 21.1 and P/S ratio of 7.5. The dividend yield of Alcon Inc. stocks is 2.1%. Alcon Inc. had an annual average earning growth of 18.3% over the past 10 years.



No. 3: Airgas Inc. (ARG), Weightings: 10.68% - 1,500,000 Shares

Airgas, Inc., through its subsidiaries, is the largest U. Airgas Inc. has a market cap of $5.18 billion; its shares were traded at around $61.94 with a P/E ratio of 20.7 and P/S ratio of 1.3. The dividend yield of Airgas Inc. stocks is 1.6%. Airgas Inc. had an annual average earning growth of 15.1% over the past 10 years. GuruFocus rated Airgas Inc. the business predictability rank of 4-star.



No. 4: Health Net Inc. (HNT), Weightings: 7.98% - 2,800,000 Shares

Health Net, Inc. is an integrated managed care organization which administers the delivery of managed health care services. Health Net Inc. has a market cap of $2.64 billion; its shares were traded at around $27.08 with a P/E ratio of 11 and P/S ratio of 0.2. Health Net Inc. had an annual average earning growth of 5.5% over the past 5 years.



No. 5: PHH Corp. (PHH), Weightings: 7.72% - 3,500,000 Shares

PHH Corp is a outsource provider of mortgage and vehicle fleet management services. Phh Corp. has a market cap of $1.19 billion; its shares were traded at around $21.41 with and P/S ratio of 0.5.



No. 6: CIT Group Inc. (CIT), Weightings: 6.63% - 1,550,000 Shares

CIT Group Inc. is a bank holding company that provides financing and leasing capital for commercial companies throughout the world. Cit Group Inc. has a market cap of $7.96 billion; its shares were traded at around $39.75 with and P/S ratio of 2.



We did the same exercise for his portfolio of the second quarter, and back then his top positions were: TDG, ACL, CIT, PHH, HNT, ARG. The only new change in the lineup is POT taking the first spot of TDG.

GuruFocus is nominating Guru for the year. I hope one of these days we will nominate him and users will actually vote him to become the Guru of the year.

Check out Loeb’s other positions by click on Daniel Loeb.


Rating: 3.2/5 (5 votes)

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