Thanks to the well-connected Bess Levin of DealBreaker, we got a glimpse of Daniel Loeb’s November and YTD 2010 performance numbers:
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.
Below we highlight the Loeb’s top sells during the third quarter of 2010:
Check out Loeb’s long positions by click on Daniel Loeb.
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.
Below we highlight the Loeb’s top sells during the third quarter of 2010:
No. 1: CIT Group Inc. (CIT, Financial), Reduce: -3.83% of the portfolio - Total: 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.No. 2: Advanced Micro Devices Inc. (AMD, Financial), Sell: 0.81% of the portfolio - Total: 0 Shares
Advanced Micro Devices, Inc. is a world-class company with the innovation, execution, and vision to grow our leadership position in the industry. Advanced Micro Devices Inc. has a market cap of $5.07 billion; its shares were traded at around $7.51 with a P/E ratio of 24.2 and P/S ratio of 0.9.No. 3: ViewPoint Financial Group (VPFG, Financial), Sell: 0.86% of the portfolio - Total: 0 Shares
VIEWPOINT FINANCIAL GROUP is the holding company for Plano-based ViewPoint Bank. Viewpoint Financial Group has a market cap of $368.2 million; its shares were traded at around $10.56 with a P/E ratio of 82.1 and P/S ratio of 2.7. The dividend yield of Viewpoint Financial Group stocks is 1.5%.No. 4: Plains Exploration & Production Company (PXP, Financial), Sell: 0.91% of the portfolio - Total: 0 Shares
Plain Exploration & Production Company is an independent oil and gas company primarily engaged in the activities of acquiring, developing, exploring and producing oil and gas properties primarily in the United States. Plains Exploration & Production Company has a market cap of $4.06 billion; its shares were traded at around $29 with a P/E ratio of 13 and P/S ratio of 3.4.No. 5: RF Micro Devices Inc. (RFMD, Financial), Sell: 1.64% of the portfolio - Total: 0 Shares
RF Micro Devices, Inc. is a global leader in the design and manufacture of high-performance radio systems and solutions for applications that drive mobile communications. Rf Micro Devices Inc. has a market cap of $1.95 billion; its shares were traded at around $7.16 with a P/E ratio of 13.3 and P/S ratio of 1.9.Check out Loeb’s long positions by click on Daniel Loeb.
