The third quarter portfolio of Daniel Loeb’s Third Point LLC lists 35 stocks and a total value of $4 billion with a quarter-over-quarter turnover of 25%. Guru Loeb has bought nine new stocks, according to the GuruFocus update of Nov. 14, 2013. Loeb’s average return over 12 months is 22.53%. Daniel Loeb’s highest impact decrease for the third quarter was reducing his Yahoo! Inc. (YHOO, Financial) position by 74.19%, with a portfolio impact of -26.19%. Read about Loeb’s YHOO trade.
Here are four more high-impact sells and reductions made by Daniel Loeb in the third quarter of 2013, starting with his sell out of Tiffany & Co. (TIF, Financial). Tiffany’s worldwide net sales were up 4% at $926 million in the second quarter of 2013. The company reported a 16% increase in quarterly net earnings at$107 million, up from $92 million in the same quarter of 2012. Earnings of $0.83 per diluted share were also up from the same quarter of 2012 at $0.72 per diluted share. Total sales for the company’s Asia-Pacific region were up 20% for the reporting quarter, compared to the Americas region, with total sales up 2%, according to a company press release.
Tiffany & Co. (TIF): Sold Out
Impacts Portfolio: -2.7%
Up 38% over 12 months, Tiffany & Co. has a market cap of $10.54 billion; its shares trade with a P/E ratio of 24.50. The dividend yield is 1.60%.
Guru Action: As of Sept. 30, 2013, Daniel Loeb sold out his TIF holding, unloading 1,650,000 shares at an average price of $78.74, for a gain of 4.6%.
The current share price is around $82.24, with a change from average up 4%.
Loeb held TIF for three quarters. In the first quarter of 2013, he gained 26.1% on a new buy of 2,700,000 shares at an average price of $65.34 per share. Selling 1,050,000 shares in the second quarter of 2013, he made a gain of 10.5%, selling at an average price of $74.53 per share.
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Walt Disney Co. (DIS, Financial): Reduced
Impacts Portfolio: -1.88%
Up 47% over 12 months, Walt Disney Co. has a market cap of $124.6 billion; its shares trade with a P/E ratio of 21.20. The dividend yield is 1.10%.
Guru Action: As of Sept. 30, 2013, Daniel Loeb reduced his DIS position by 72.22%, selling 1,300,000 shares at an average price of $64.10, for a gain of 9.2%.
The current share price is around $70.02, with a change from average up 9%.
Over two quarters, he averaged a gain of 11% on 1,800,000 shares bought at an average price of $63.17 per share. Selling 1,300,000 shares at an average price of $64.10 per share, he gained 9%.
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Thermo Fisher Scientific Inc. (TMO, Financial): Reduced
Impacts Portfolio: -1.82%
Up 67% over 12 months, Thermo Fisher Scientific Inc. has a market cap of $36.56 billion; its shares trade with a P/E ratio of 27.90. The dividend yield is 0.60%.
Guru Action: As of Sept. 30, 2013, Daniel Loeb reduced his TMO position by 38%, selling 950,000 shares at an average price of $90.43, for a gain of 10.8%.
The current share price is around $100.21, with a change from average up 11%.
Loeb averaged a gain of 29% on 2,500,000 shares bought at an average price of $77.81 per share. Selling 950,000 shares at an average price of $90.43 per share, he gained 11%.
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Wesco International Inc. (WCC, Financial): Sold Out
Impacts Portfolio: -1.7%
Up 38% over 12 months, Wesco InternationalInc. has a market cap of $4.12 billion; its shares trade with a P/E ratio of 18.10. The company does not pay a dividend.
Guru Action: As of Sept. 30, 2013, Daniel Loeb sold out his WCC, selling 1,100,000 shares at an average price of $74.17 per share, for a gain of 14.5%.
The current share price is around $85.30, with a change from average up 15%.
Loeb held WCC for five quarters of double-digit gains. In the third quarter of 2012, he made a new buy 1,699,000 shares at an average price of $58.33 per share, gaining 45.7%, his highest gain.
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Daniel Seth Loeb is the founder and CEO of Third Point LLC, a hedge fund based in New York.
Here’s more about Daniel Loeb and his recent portfolio update.
GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
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Here are four more high-impact sells and reductions made by Daniel Loeb in the third quarter of 2013, starting with his sell out of Tiffany & Co. (TIF, Financial). Tiffany’s worldwide net sales were up 4% at $926 million in the second quarter of 2013. The company reported a 16% increase in quarterly net earnings at$107 million, up from $92 million in the same quarter of 2012. Earnings of $0.83 per diluted share were also up from the same quarter of 2012 at $0.72 per diluted share. Total sales for the company’s Asia-Pacific region were up 20% for the reporting quarter, compared to the Americas region, with total sales up 2%, according to a company press release.
Tiffany & Co. (TIF): Sold Out
Impacts Portfolio: -2.7%
Up 38% over 12 months, Tiffany & Co. has a market cap of $10.54 billion; its shares trade with a P/E ratio of 24.50. The dividend yield is 1.60%.
Guru Action: As of Sept. 30, 2013, Daniel Loeb sold out his TIF holding, unloading 1,650,000 shares at an average price of $78.74, for a gain of 4.6%.
The current share price is around $82.24, with a change from average up 4%.
Loeb held TIF for three quarters. In the first quarter of 2013, he gained 26.1% on a new buy of 2,700,000 shares at an average price of $65.34 per share. Selling 1,050,000 shares in the second quarter of 2013, he made a gain of 10.5%, selling at an average price of $74.53 per share.
Find more third quarter guru trading and recent insider activity.
Track historical pricing, revenue and net income:
Walt Disney Co. (DIS, Financial): Reduced
Impacts Portfolio: -1.88%
Up 47% over 12 months, Walt Disney Co. has a market cap of $124.6 billion; its shares trade with a P/E ratio of 21.20. The dividend yield is 1.10%.
Guru Action: As of Sept. 30, 2013, Daniel Loeb reduced his DIS position by 72.22%, selling 1,300,000 shares at an average price of $64.10, for a gain of 9.2%.
The current share price is around $70.02, with a change from average up 9%.
Over two quarters, he averaged a gain of 11% on 1,800,000 shares bought at an average price of $63.17 per share. Selling 1,300,000 shares at an average price of $64.10 per share, he gained 9%.
Find numerous gurus trading DIS and insider selling.
Thermo Fisher Scientific Inc. (TMO, Financial): Reduced
Impacts Portfolio: -1.82%
Up 67% over 12 months, Thermo Fisher Scientific Inc. has a market cap of $36.56 billion; its shares trade with a P/E ratio of 27.90. The dividend yield is 0.60%.
Guru Action: As of Sept. 30, 2013, Daniel Loeb reduced his TMO position by 38%, selling 950,000 shares at an average price of $90.43, for a gain of 10.8%.
The current share price is around $100.21, with a change from average up 11%.
Loeb averaged a gain of 29% on 2,500,000 shares bought at an average price of $77.81 per share. Selling 950,000 shares at an average price of $90.43 per share, he gained 11%.
Find more gurus trading TMO and insider selling.
Wesco International Inc. (WCC, Financial): Sold Out
Impacts Portfolio: -1.7%
Up 38% over 12 months, Wesco InternationalInc. has a market cap of $4.12 billion; its shares trade with a P/E ratio of 18.10. The company does not pay a dividend.
Guru Action: As of Sept. 30, 2013, Daniel Loeb sold out his WCC, selling 1,100,000 shares at an average price of $74.17 per share, for a gain of 14.5%.
The current share price is around $85.30, with a change from average up 15%.
Loeb held WCC for five quarters of double-digit gains. In the third quarter of 2012, he made a new buy 1,699,000 shares at an average price of $58.33 per share, gaining 45.7%, his highest gain.
Find more gurus and insiders trading WCC.
Daniel Seth Loeb is the founder and CEO of Third Point LLC, a hedge fund based in New York.
Here’s more about Daniel Loeb and his recent portfolio update.
GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
If you are not a Premium Member, we invite you for a 7-day Free Trial.
