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

Sally Jones

Sally Jones

49 followers
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.

Yahoo Inc. (YHOO): Reduced

Impacts Portfolio: -21.33%

Up 81% over 12 months, Yahoo Inc. has a market cap of $27.68 billion; its shares were traded at around $27.13 with a P/E ratio of 7.80.

Guru Action: As of July 22, 2013, Loeb reduced his position by 66.77%, selling 62,000,000 shares at an average price of $25.35, for a gain of 6.5%.

He has averaged a gain of 88% on 73,000,400 shares bought at an average price of $14.36 per share. On shares sold, he averaged a gain of 28% on 11,000,400 shares sold at an average price of $21.06 per share.

His current shares stand at 20,600,000.

Track historical pricing:

1377020115780.png



Murphy Oil Corporation (MUR): Sold Out


Impacts Portfolio: -3%

Up 23% over 12 months, Murphy Oil has a market cap of $12.69 billion; its shares were traded at around $67.88 with a P/E ratio of 11.60.

Guru Action: As of June 30, 2013, Loeb sold out position, selling 2,500,000 shares at an average price of $62.65, for a gain of 8.3%.

Track historical pricing:

1377020276741.png

American International Group (AIG): Reduced

Impacts Portfolio: -2.57%

Up 37% over 12 months, American international Group has a market cap of $69.09 billion; its shares were traded at around $46.80 with a P/E ratio of 26.10.

Guru Action: As of June 30, 2013, Loeb reduced his position by 25.93%, selling 3,500,000 shares at an average price of $42.90, for a gain of 8%.

He has averaged a gain of 42% on 23,500,000 shares bought at an average price of $32.68 per share. On shares sold, he averaged a gain of 23% on 13,500,000 shares sold at an average price of $37.69 per share.

His current shares stand at 10,000,000.

Track historical pricing:

1377020432840.png

Delphi Automotive PLC (DLPH): Sold Out

Impacts Portfolio: -2.5%

Up 86% over 12 months, Delphi Automotive has a market cap of $16.9 billion; its shares were traded at around $54.49 with a P/E ratio of 16.40.

Guru Action: As of June 30, 2013, Loeb sold out position, selling 3,000,000 shares at an average price of $46.86, for a gain of 16.3%.

Track historical pricing:

1377020569780.png

AbbVie Inc. (ABBV): Sold Out

Impacts Portfolio: -2.3%

Up 23% over 12 months, AbbVie Inc. has a market cap of $68.03 billion; its shares were traded at around $34.10 with a P/E ratio of 34.10.

Guru Action: As of June 30, 2013, Loeb sold out position, selling 2,950,000 shares at an average price of $43.74, for a gain of 1.9%.



Cheniere Energy Inc. (LNG): Sold Out


Impacts Portfolio: -2.1%

Up 95% over 12 months, Cheniere Energy has a market cap of $6.64 billion; its shares were traded at around $27.78 with a P/B ratio of 18.20.

Guru Action: As of June 30, 2013, Loeb sold out position, selling 4,000,000 shares at an average price of $28.08, for a gain of 1.1%.

International Paper Co. (IP): Reduced

Impacts Portfolio: -1.85%

Up 36% over 12 months, International Paper Co. has a market cap of $21.01 billion; its shares were traded at around $47.12 with a P/E ratio of 20.10.

Guru Action: As of June 30, 2013, Loeb reduced his position by 31.82%, selling 2,100,000 shares at an average price of $46.28, for a gain of 1.8%.

He has averaged a gain of 13% on 6,600,000 shares bought at an average price of $41.59 per share. On shares sold, he averaged a gain of 2% on 2,100,000 shares sold at an average price of $46.28 per share.

His current shares stand at 4,500,000.

Study the rest of Daniel Loeb’s trades for the second quarter of 2013.



Here’s more in-depth information:

1. Daniel Loeb's Undervalued Stocks

2. Daniel Loeb's Top Growth Companies

3. Daniel Loeb's High Yield stocks

4. Stocks that Daniel Loeb keeps buying

Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of Daniel Loeb.

Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.

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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 2.4/5 (9 votes)

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