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Hedge Fund Activist Daniel Loeb Buys FedEx, Sothebys, Google, Sells Yahoo, Tiffany, Walt Disney Co

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Activist hedge fund manager Daniel Loeb just reported his third quarter portfolio. With 60% long and 10% short, Loeb is underperforming the broad market. His recent activist play such as Yahoo has been working well for me. He is now exiting the position.



During the third quarter Daniel Loeb buys FedEx Corporation, Sothebys, Google, Inc., Coca-Cola Enterprises Inc, EQT Corp, Constellation Brands Inc., Anadarko Petroleum Corp, Intrexon Corp, Activision Blizzard, Inc., Gilead Sciences Inc, Liberty Interactive Corp, Elan Corp PLC, Nokia, Cytec Industries, CF Industries Holdings Inc, sells Yahoo! Inc, Tiffany & Co., Walt Disney Co, Thermo Fisher Scientific Inc, Wesco International, Inc., Cabot Oil & Gas Corporation, Williams Companies Inc, Twenty-First Century Fox Inc, B/E Aerospace Inc, Liberty Global PLC, Liberty Global PLC, TIBCO Software, Inc., International Paper Co., Dollar General Corporation during the 3-months ended 09/30/2013, according to the most recent filings of his investment company, Third Point, LLC.

As of 09/30/2013, Third Point, LLC owns 35 stocks with a total value of $4 billion. These are the details of the buys and sells.

For the details of Daniel Loeb's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Daniel+Loeb

This is the sector weightings of his portfolio:

Technology 21.4%
Consumer Cyclical 16.4%
Financial Services 12.2%
Consumer Defensive 9.9%
Communication Services 8.8%
Energy 8.7%
Healthcare 8.3%
Industrials 8.3%
Basic Materials 4.8%


These are the top 5 holdings of Daniel Loeb

1. Yahoo! Inc (YHOO) - 16,000,000 shares, 13.3% of the total portfolio. Shares reduced by 74.19%

2. American International Group Inc (AIG) - 10,000,000 shares, 12.2% of the total portfolio.

3. Sothebys (BID) - 6,150,000 shares, 7.6% of the total portfolio. Shares added by 146%

4. FedEx Corporation (FDX) - 2,000,000 shares, 5.7% of the total portfolio. New Position

5. Liberty Global PLC (LBTYA) - 2,750,000 shares, 5.5% of the total portfolio. Shares reduced by 8.33%

New Purchase: FedEx Corporation (FDX)

Daniel Loeb initiated holdings in FedEx Corporation. His purchase prices were between $97.77 and $116.83, with an estimated average price of $107.97. The impact to his portfolio due to this purchase was 5.7%. His holdings were 2,000,000 shares as of 09/30/2013.

New Purchase: Google, Inc. (GOOG)

Daniel Loeb initiated holdings in Google, Inc.. His purchase prices were between $846.9 and $924.69, with an estimated average price of $887.49. The impact to his portfolio due to this purchase was 2.4%. His holdings were 110,000 shares as of 09/30/2013.

New Purchase: EQT Corp (EQT)

Daniel Loeb initiated holdings in EQT Corp. His purchase prices were between $79.68 and $92.56, with an estimated average price of $85.25. The impact to his portfolio due to this purchase was 2.2%. His holdings were 1,000,000 shares as of 09/30/2013.

New Purchase: Intrexon Corp (XON)

Daniel Loeb initiated holdings in Intrexon Corp. His purchase prices were between $21.36 and $29.7, with an estimated average price of $24.16. The impact to his portfolio due to this purchase was 1.2%. His holdings were 2,150,592 shares as of 09/30/2013.

New Purchase: Activision Blizzard, Inc. (ATVI)

Daniel Loeb initiated holdings in Activision Blizzard, Inc.. His purchase prices were between $14.32 and $18.27, with an estimated average price of $16.57. The impact to his portfolio due to this purchase was 1.1%. His holdings were 2,600,000 shares as of 09/30/2013.

Sold Out: Tiffany & Co. (TIF)

Daniel Loeb sold out his holdings in Tiffany & Co.. His sale prices were between $72.5 and $82.28, with an estimated average price of $78.87.

Sold Out: Wesco International, Inc. (WCC)

Daniel Loeb sold out his holdings in Wesco International, Inc.. His sale prices were between $65.63 and $79.03, with an estimated average price of $74.24.

Sold Out: Williams Companies Inc (WMB)

Daniel Loeb sold out his holdings in Williams Companies Inc. His sale prices were between $32.68 and $36.84, with an estimated average price of $35.06.

Added: Sothebys (BID)

Daniel Loeb added to his holdings in Sothebys by 146%. His purchase prices were between $38.81 and $48.81, with an estimated average price of $44.54. The impact to his portfolio due to this purchase was 4.51%. His holdings were 6,150,000 shares as of 09/30/2013.

Added: Coca-Cola Enterprises Inc (CCE)

Daniel Loeb added to his holdings in Coca-Cola Enterprises Inc by 220%. His purchase prices were between $34.57 and $41.37, with an estimated average price of $38.09. The impact to his portfolio due to this purchase was 2.2%. His holdings were 3,200,000 shares as of 09/30/2013.

Added: Constellation Brands Inc. (STZ)

Daniel Loeb added to his holdings in Constellation Brands Inc. by 83.33%. His purchase prices were between $50 and $59.67, with an estimated average price of $54.41. The impact to his portfolio due to this purchase was 1.77%. His holdings were 2,750,000 shares as of 09/30/2013.

Added: Anadarko Petroleum Corp (APC)

Daniel Loeb added to his holdings in Anadarko Petroleum Corp by 57.89%. His purchase prices were between $86.77 and $95.53, with an estimated average price of $91. The impact to his portfolio due to this purchase was 1.28%. His holdings were 1,500,000 shares as of 09/30/2013.

Reduced: Yahoo! Inc (YHOO)

Daniel Loeb reduced to his holdings in Yahoo! Inc by 74.19%. His sale prices were between $24.99 and $33.55, with an estimated average price of $28.25. The impact to his portfolio due to this sale was -26.19%. Daniel Loeb still held 16,000,000 shares as of 09/30/2013.

Reduced: Walt Disney Co (DIS)

Daniel Loeb reduced to his holdings in Walt Disney Co by 72.22%. His sale prices were between $60.69 and $67.11, with an estimated average price of $64.1. The impact to his portfolio due to this sale was -1.88%. Daniel Loeb still held 500,000 shares as of 09/30/2013.

Reduced: Thermo Fisher Scientific Inc (TMO)

Daniel Loeb reduced to his holdings in Thermo Fisher Scientific Inc by 38%. His sale prices were between $84.95 and $94.25, with an estimated average price of $90.47. The impact to his portfolio due to this sale was -1.82%. Daniel Loeb still held 1,550,000 shares as of 09/30/2013.

Reduced: Cabot Oil & Gas Corporation (COG)

Daniel Loeb reduced to his holdings in Cabot Oil & Gas Corporation by 60%. His sale prices were between $34.79 and $39.93, with an estimated average price of $37.52. The impact to his portfolio due to this sale was -1.32%. Daniel Loeb still held 1,100,000 shares as of 09/30/2013.


Rating: 2.3/5 (3 votes)

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