Daniel Loeb is an activist investor who has recently suggested a few ideas to top holding Sony (SNE, Financial), via a less strongly worded letter to top management than usual. He could be out to replicate his success with Yahoo (YHOO, Financial), 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’s portfolio updated for the first quarter shows some significant changes among his passive investments as well. GuruFocus Real Time Picks reports Loeb bought three new stakes whose sizes rank among his top 10 holdings.
3. B/E Aerospace Inc. (BEAV, Financial)
Loeb bought 2 million shares of his new 10th largest holding, B/E Aerospace Inc. (BEAV), for an average price of $54. The stock is up 17% from his average price.
B/E Aerospace Inc. is a Delaware corporation incorporated in 1987. The company is world’s dominant providers of interior products and distributors of aerospace fasteners and consumables for aerospace markets.
B/E Aerospace Inc has a market cap of $6.79 billion; its shares were traded at around $62.83 with a P/E ratio of 25.40 and P/S ratio of 2.10. B/E Aerospace Inc. had an annual average earnings growth of 12.1% over the past 10 years.
See its 10-year financial page.
2. Tiffany & Co. (TIF, Financial)
Loeb’s purchase of 2.7 million shares of Tiffany made it his sixth largest holding, with a 3.5% weighting in his portfolio. Shares have increased 20% from the $65 average price he paid.
Tiffany & Co., a luxury jeweler, was incorporated in New York in 1868. Tiffany & Co. has a market cap of $9.93 billion; its shares were traded around $78.00 with a P/E ratio of 24.10 and P/S ratio of 2.60. The dividend yield of Tiffany & Co. stocks is 1.60%. Tiffany & Co. had an annual average earnings growth of 10.6% over the past 10 years. GuruFocus rated Tiffany & Co. the business predictability rank of 4.5-star.
See its 10-year financial page.
1. Virgin Media Inc. (VMED, Financial)
Loeb purchased 11 million shares of Virgin Media in the first quarter, for a 4.08% stake in the company and 10.1% weight in his portfolio, making it his second largest position behind Yahoo. Shares have increased 17% from his $43 per-share average purchase price.
Virgin Media Inc. is engaged in the entertainment and communications business, being a quad-play provider of broadband internet, television, mobile telephony and fixed line telephony services that offer a variety of entertainment and communications services to residential and commercial customers throughout the U.S.
Virgin Media Inc. has a market cap of $13.74 billion; its shares were traded at around $50.36 with a P/E ratio of 3.60 and P/S ratio of 2.60. The dividend yield of Virgin Media Inc. stocks is 0.30%. Virgin Media Inc. had an annual average earnings growth of 31.8% over the past 10 years.
See its 10-year financial page.
See Daniel Loeb updated portfolio of buys and sells here. Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of Daniel Loeb.
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’s portfolio updated for the first quarter shows some significant changes among his passive investments as well. GuruFocus Real Time Picks reports Loeb bought three new stakes whose sizes rank among his top 10 holdings.
3. B/E Aerospace Inc. (BEAV, Financial)
Loeb bought 2 million shares of his new 10th largest holding, B/E Aerospace Inc. (BEAV), for an average price of $54. The stock is up 17% from his average price.
B/E Aerospace Inc. is a Delaware corporation incorporated in 1987. The company is world’s dominant providers of interior products and distributors of aerospace fasteners and consumables for aerospace markets.
B/E Aerospace Inc has a market cap of $6.79 billion; its shares were traded at around $62.83 with a P/E ratio of 25.40 and P/S ratio of 2.10. B/E Aerospace Inc. had an annual average earnings growth of 12.1% over the past 10 years.
See its 10-year financial page.
2. Tiffany & Co. (TIF, Financial)
Loeb’s purchase of 2.7 million shares of Tiffany made it his sixth largest holding, with a 3.5% weighting in his portfolio. Shares have increased 20% from the $65 average price he paid.
Tiffany & Co., a luxury jeweler, was incorporated in New York in 1868. Tiffany & Co. has a market cap of $9.93 billion; its shares were traded around $78.00 with a P/E ratio of 24.10 and P/S ratio of 2.60. The dividend yield of Tiffany & Co. stocks is 1.60%. Tiffany & Co. had an annual average earnings growth of 10.6% over the past 10 years. GuruFocus rated Tiffany & Co. the business predictability rank of 4.5-star.
See its 10-year financial page.
1. Virgin Media Inc. (VMED, Financial)
Loeb purchased 11 million shares of Virgin Media in the first quarter, for a 4.08% stake in the company and 10.1% weight in his portfolio, making it his second largest position behind Yahoo. Shares have increased 17% from his $43 per-share average purchase price.
Virgin Media Inc. is engaged in the entertainment and communications business, being a quad-play provider of broadband internet, television, mobile telephony and fixed line telephony services that offer a variety of entertainment and communications services to residential and commercial customers throughout the U.S.
Virgin Media Inc. has a market cap of $13.74 billion; its shares were traded at around $50.36 with a P/E ratio of 3.60 and P/S ratio of 2.60. The dividend yield of Virgin Media Inc. stocks is 0.30%. Virgin Media Inc. had an annual average earnings growth of 31.8% over the past 10 years.
See its 10-year financial page.
See Daniel Loeb updated portfolio of buys and sells here. Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of Daniel Loeb.
