Third Point’s Daniel Loeb published his December 31, 2010 Monthly report. For the month, his Third Point Offshore Fund was up 6.6%; for the year, it was up 33.5%. S&P 500 was up 15.1% for the year. The fund returned an average of 18.6% since 1995 inception. S&P 500 returned 5.5% per year during the same period. All in all, Loeb returned 1010% for his investors during the period.
You just can’t beat him with index.
Much of the report was to satisfy regulatory requirements, so not much of the details of the portfolio is available. But from what we read, we know that at year end, he was 91% long in the US and 7% short. He was 27% long in EMEA and 11% short. That indicates he is rather bullish towards the US market.
Loeb reported his top positions were: Gold, Delphi Corp. (Multiple Securities), Chrysler (Multiple Securities), Potash Corp. (NYSE:POT), and Lyondell (NYSE:LYB).
And During the quarter, Delphi Corp. (Multiple Securities), NXP Semiconductor NV (NXPI), Lyondell (NYSE:LYB), Chrysler (Multiple Securities) and Accuride Corp. (NYSE:ACW).
Check out his top stock holdings for as of September 30, 2010 by clicking on Daniel Loeb