1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Holly LaFon
Holly LaFon
Articles (6682) 

Daniel Loeb's New Stocks

August 25, 2014 | About:

Dan Loeb is CEO of Third Point LLC, founded in 1995, where he oversees all investment activity. Third Point describes its underlying strategy as “event-driven, value-oriented,” and says it “seeks to identify situations where we anticipate a catalyst will unlock value,” on its website.

Loeb purchased 11 new stocks during the second quarter. He holds a total of 41 positions worth $8.13 billion combined. The most represented sector in his portfolio is basic materials, which comprises 21.9% of holdings, followed by ETF, options and preferred stocks at 18.8%, and technology at 14%.

Loeb’s largest new positions started in the second quarter are: Ally Financial Inc. (NYSE:ALLY), Rackspace Hosting Inc. (NYSE:RAX), IAC/InterActiveCorp (IACI), FMC Corp (NYSE:FMC) and Finisar Corp (NASDAQ:FNSR).

Ally Financial Inc. (NYSE:ALLY)

Loeb purchased 45,595,000 shares of Ally Financial, making the position 13.4% of his portfolio. The stock’s price averaged $24 in the second quarter.

1408992049869.png

Ally Financial Inc. is an independent financial services firm, which provides financial products and services to automotive dealers and their customers. Ally Financial Inc. has a market cap of $11.92 billion; its shares were traded at around $24.85 with and P/S ratio of 1.70.

Rackspace Hosting Inc. (NYSE:RAX)

Loeb bought 7.25 million shares of Rackspace Hosting Inc., making it 3% of the portfolio. The stock’s average price was $33.

1408992975053.png

Rackspace Hosting Inc. was incorporated in Delaware on March 7, 2000 under the name Rackspace. Rackspace Hosting Inc. has a market cap of $4.83 billion; its shares were traded at around $33.74 with a P/E ratio of 56.90 and P/S ratio of 2.90. Rackspace Hosting Inc. had an annual average earnings growth of 23.40% over the past five years.

IAC/InterActiveCorp (IACI)

Loeb purchased 2 million shares of IAC/InterActiveCorp, making it 1.7% of the portfolio. The stock’s price averaged $67 per share in the second quarter.

1408993086882.png

IAC/InterActiveCorp was incorporated in July 1986 in Delaware under the name Silver King Broadcasting Company Inc. IAC/InteractiveCorp has a market cap of $5.67 billion; its shares were traded at around $67.97 with a P/E ratio of 21.70 and P/S ratio of 1.90. The dividend yield of IAC/InteractiveCorp stocks is 1.50%.

FMC Corp (NYSE:FMC)

Loeb purchased 1.55 million shares of FMC Corp, making it 1.4% of his portfolio. The stock’s price averaged $75 in the second quarter.

1408994308177.png

FMC Corporation was incorporated in 1928 under Delaware law. FMC Corporation has a market cap of $8.73 billion; its shares were traded at around $65.53 with a P/E ratio of 39.10 and P/S ratio of 2.30. The dividend yield of FMC Corporation stocks is 0.90%. FMC Corporation had an annual average earnings growth of 12.00% over the past 10 years. GuruFocus rated FMC Corporation the business predictability rank of 5-star.

Finisar Corp (NASDAQ:FNSR)

Loeb purchased 3.5 million shares of Finisar Corp, making it 0.85% of the portfolio. The stock’s price averaged $24.

1408994529955.png

Finisar Corp was incorporated in California in April 1987 and reincorporated in Delaware in November 1999. Finisar Corp has a market cap of $1.98 billion; its shares were traded at around $20.33 with a P/E ratio of 18.80 and P/S ratio of 1.80. Finisar Corp had an annual average earnings growth of 28.10% over the past five years.

See more of Daniel Loeb (Trades, Portfolio)’s stocks in his portfolio here. Not a Premium Member of GuruFocus? Try it free for 7 days here.


Rating: 5.0/5 (1 vote)

Voters:

Comments

Please leave your comment:


GuruFocus Mobile App


User Generated Screeners


carlo81ltValue Carlo
carlo81ltValue CDL1
carlo81ltValue CDL
yowie89Conservative - UK
pbarker46Worth a second look?
eugenewangGrowth
Vincent ChiaKey Metrics Filter w Display
illindalainvestAustralia 3: Manageable payout
rael22220/0/0/4
rael22220/0/0/3
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK