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Hedge fund Third Point Buys Citigroup Inc., Yahoo! Inc., Mead Johnson Nutriti, Sells Apple Inc., HewlettPackard Company, Synaptics Inc.

Daniel Loeb of Third Point is an activist investor. His fund is one of the few hedge funds which has an open website. His fund gained 38.5% in 2009, and 3.6% in January after a loss of 38% in 2008. Dan Loeb is 150% long, 20% short as of Dec. 31, 2009.

Third Point’s short exposure primarily represents market value protection through CDS. He also holds a few arbitrage positions. As of 12/31/2009, Third Point, LLC owns 36 stocks with a total value of $1 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:

Financials 24.2%
Health Care 19.9%
Industrials 18.6%
Technology 12.7%
Consumer Services 6.5%
Consumer Goods 4.7%
Oil & Gas 2.8%
Basic Materials 1.4%
Utilities 0.6%


These are the top 5 holdings of Daniel Loeb

  1. TransDigm Group Inc. (TDG) - 1,800,000 shares, 8.48% of the total portfolio
  2. Citigroup Inc. (C) - 25,000,000 shares, 8.21% of the total portfolio
  3. PHH Corp. (PHH) - 4,880,000 shares, 7.8% of the total portfolio
  4. (BAC/PS) - 4,700,000 shares, 6.96% of the total portfolio
  5. Health Net Inc. (HNT) - 3,000,000 shares, 6.93% of the total portfolio


Added: Transdigm Group Inc. (TDG)

Daniel Loeb added to his holdings in Transdigm Group Inc. by 80%. His purchase prices were between $39.18 and $50.07, with an estimated average price of $44.1. The impact to his portfolio due to this purchase was 3.77%. His holdings were 1,800,000 shares as of 12/31/2009.

TransDigm Group, through its wholly-owned subsidiaries, including TransDigm Inc. Transdigm Group Inc. has a market cap of $2.37 billion; its shares were traded at around $48.36 with a P/E ratio of 15.1 and P/S ratio of 3.1.

Added: Wellpoint Inc. (WLP)

Daniel Loeb added to his holdings in Wellpoint Inc. by 37.5%. His purchase prices were between $44.72 and $60.36, with an estimated average price of $52.49. The impact to his portfolio due to this purchase was 1.73%. His holdings were 1,100,000 shares as of 12/31/2009.

WellPoint, Inc. is the largest publicly traded commercial health benefits company in terms of membership in the United States. Wellpoint Inc. has a market cap of $27.36 billion; its shares were traded at around $59.7 with a P/E ratio of 10 and P/S ratio of 0.4. Wellpoint Inc. had an annual average earning growth of 20.8% over the past 5 years.

Added: Coinstar Inc. (CSTR)

Daniel Loeb added to his holdings in Coinstar Inc. by 183.33%. His purchase prices were between $23.74 and $35.19, with an estimated average price of $28.87. The impact to his portfolio due to this purchase was 1.51%. His holdings were 850,000 shares as of 12/31/2009.

Coinstar, Inc. operate a national network of self-service coin-counting machines in the U. Coinstar Inc. has a market cap of $876.4 million; its shares were traded at around $28.21 with a P/E ratio of 28.2 and P/S ratio of 0.7. Coinstar Inc. had an annual average earning growth of 11.1% over the past 5 years.

Added: Phh Corp. (PHH)

Daniel Loeb added to his holdings in Phh Corp. by 8.93%. His purchase prices were between $13.75 and $19.24, with an estimated average price of $15.51. The impact to his portfolio due to this purchase was 0.64%. His holdings were 4,880,000 shares as of 12/31/2009.

PHH Corp is a outsource provider of mortgage and vehicle fleet management services. Phh Corp. has a market cap of $1.03 billion; its shares were traded at around $18.88 with and P/S ratio of 0.5.

Added: Capitalsource Inc. (CSE)

Daniel Loeb added to his holdings in Capitalsource Inc. by 14.63%. His purchase prices were between $3.13 and $4.05, with an estimated average price of $3.76. The impact to his portfolio due to this purchase was 0.12%. His holdings were 2,350,000 shares as of 12/31/2009.

CapitalSource is a specialized commercial finance company offering asset- based, senior, cash flow and mezzanine financing to small and mid-sized borrowers through three focused lending units: Corporate Finance, Healthcare Finance, and Structured Finance. Capitalsource Inc. has a market cap of $1.67 billion; its shares were traded at around $5.18 with and P/S ratio of 1.4. The dividend yield of Capitalsource Inc. stocks is 0.8%. Capitalsource Inc. had an annual average earning growth of 44.3% over the past 5 years.

New Purchase: Citigroup Inc. (C)

Daniel Loeb initiated holdings in Citigroup Inc.. His purchase prices were between $3.2 and $4.67, with an estimated average price of $4.04. The impact to his portfolio due to this purchase was 8.21%. His holdings were 25,000,000 shares as of 12/31/2009.

Citigroup Inc., the global financial services company, has some two hundred million customer accounts and does business in more than hundred countries, providing consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citigroup Inc. has a market cap of $77.97 billion; its shares were traded at around $3.41 with and P/S ratio of 0.8. Citigroup Inc. had an annual average earning growth of 5.1% over the past 10 years.

New Purchase: Cit Group Inc. (CIT)

Daniel Loeb initiated holdings in Cit Group Inc.. His purchase prices were between $26.04 and $29.64, with an estimated average price of $27.92. The impact to his portfolio due to this purchase was 4.79%. His holdings were 1,750,000 shares as of 12/31/2009.

CIT Group Inc. is a bank holding company that provides financing and leasing capital for commercial companies throughout the world. Cit Group Inc. has a market cap of $13.25 billion; its shares were traded at around $32.74 . Cit Group Inc. had an annual average earning growth of 27.2% over the past 5 years.

New Purchase: Mead Johnson Nutriti (MJN)

Daniel Loeb initiated holdings in Mead Johnson Nutriti. His purchase prices were between $41.5 and $47.24, with an estimated average price of $43.51. The impact to his portfolio due to this purchase was 4.34%. His holdings were 1,000,000 shares as of 12/31/2009.

Mead Johnson Nutrition Company is a pediatric nutrition company. Mead Johnson Nutriti has a market cap of $9.49 billion; its shares were traded at around $46.43 with a P/E ratio of 21 and P/S ratio of 3.4. The dividend yield of Mead Johnson Nutriti stocks is 1.8%.

New Purchase: Xerox Corp. (XRX)

Daniel Loeb initiated holdings in Xerox Corp.. His purchase prices were between $7.25 and $8.66, with an estimated average price of $7.93. The impact to his portfolio due to this purchase was 3.36%. His holdings were 4,000,000 shares as of 12/31/2009.

Xerox Corporation is The Document Company and a leader in the global document market, providing document solutions that enhance business productivity. Xerox Corp. has a market cap of $7.75 billion; its shares were traded at around $8.92 with a P/E ratio of 14.4 and P/S ratio of 0.5. The dividend yield of Xerox Corp. stocks is 1.9%.

New Purchase: Energy Partners Ltd. (EPL)

Daniel Loeb initiated holdings in Energy Partners Ltd.. His purchase prices were between $7.65 and $9.1, with an estimated average price of $8.46. The impact to his portfolio due to this purchase was 2.8%. His holdings were 3,305,000 shares as of 12/31/2009.

Energy Partners, Ltd. is an independent oil and natural gas exploration and production company based in New Orleans, LA and Houston. Energy Partners Ltd. has a market cap of $399 million; its shares were traded at around $9.97 . Energy Partners Ltd. had an annual average earning growth of 8.5% over the past 5 years.

New Purchase: Directv Group Inc. The (DTV)

Daniel Loeb initiated holdings in Directv Group Inc. The. His purchase prices were between $25.44 and $33.97, with an estimated average price of $30.15. The impact to his portfolio due to this purchase was 2.32%. His holdings were 700,000 shares as of 12/31/2009.

DIRECTV Class A is a provider of digital multichannel television entertainment, broadband satellite networks and services, and global video and data broadcasting in the United States and Latin America. Directv Group Inc. The has a market cap of $30.28 billion; its shares were traded at around $31.65 with a P/E ratio of 24.7 and P/S ratio of 1.5. Directv Group Inc. The had an annual average earning growth of 12.7% over the past 10 years.

New Purchase: Yahoo! Inc. (YHOO)

Daniel Loeb initiated holdings in Yahoo! Inc.. His purchase prices were between $14.97 and $17.67, with an estimated average price of $16.12. The impact to his portfolio due to this purchase was 1.66%. His holdings were 1,000,000 shares as of 12/31/2009.

Yahoo! Inc. is a global Internet communications, commerce and media company that offers a comprehensive branded network of services. Yahoo! Inc. has a market cap of $21.63 billion; its shares were traded at around $15.44 with a P/E ratio of 42.9 and P/S ratio of 3.3. Yahoo! Inc. had an annual average earning growth of 20.4% over the past 5 years.

New Purchase: Lstza (LSTZA)

Daniel Loeb initiated holdings in Lstza. His purchase prices were between $46.39 and $51.16, with an estimated average price of $48.32. The impact to his portfolio due to this purchase was 1.58%. His holdings were 345,000 shares as of 12/31/2009.

Liberty Starz Group is a significant operating subsidiary and also a principal reportable segment of Liberty Media Corporation which focuses primarily on video programming, communications businesses, and the direct-to-home satellite distribution business. Lstza has a market cap of $2.33 billion; its shares were traded at around $47.18 .

New Purchase: Advanced Micro Devices Inc. (AMD)

Daniel Loeb initiated holdings in Advanced Micro Devices Inc.. His purchase prices were between $4.6 and $9.91, with an estimated average price of $6.94. The impact to his portfolio due to this purchase was 1.44%. His holdings were 1,500,000 shares as of 12/31/2009.

Advanced Micro Devices, Inc. is a world-class company with the innovation, execution, and vision to grow our leadership position in the industry. Advanced Micro Devices Inc. has a market cap of $5.38 billion; its shares were traded at around $8.03 with and P/S ratio of 1.

New Purchase: Pain Therapeutics (PTIE)

Daniel Loeb initiated holdings in Pain Therapeutics. His purchase prices were between $4.71 and $5.77, with an estimated average price of $5.19. The impact to his portfolio due to this purchase was 0.53%. His holdings were 1,000,000 shares as of 12/31/2009.

Pain Therapeutics is developing a new generation of opioid painkillers. Pain Therapeutics has a market cap of $256.8 million; its shares were traded at around $6.08 with and P/S ratio of 12.5.

New Purchase: Life Partners Holdings Inc (LPHI)

Daniel Loeb initiated holdings in Life Partners Holdings Inc. His purchase prices were between $16.99 and $22.34, with an estimated average price of $19. The impact to his portfolio due to this purchase was 0.53%. His holdings were 250,000 shares as of 12/31/2009.

Life Partners Holding is a licensed provider of viatical and senior settlements, collectively referred to as life settlements. Life Partners Holdings Inc has a market cap of $302.5 million; its shares were traded at around $20.36 with and P/S ratio of 2.9. The dividend yield of Life Partners Holdings Inc stocks is 4.9%.

New Purchase: Emmis Communications Corp. 6.25% Series (EMMSP)

Daniel Loeb initiated holdings in Emmis Communications Corp. 6.25% Series. His purchase prices were between $6.65 and $17, with an estimated average price of $14.29. The impact to his portfolio due to this purchase was 0.31%. His holdings were 206,000 shares as of 12/31/2009.

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New Purchase: Tcw Strategic Income Fund Inc. (TSI)

Daniel Loeb initiated holdings in Tcw Strategic Income Fund Inc.. His purchase prices were between $4.18 and $4.85, with an estimated average price of $4.63. The impact to his portfolio due to this purchase was 0.22%. His holdings were 500,000 shares as of 12/31/2009.

TCW CONVERTIBLE SECS FUND INC. is a closed-end management investment company which invests primarily in convertible securities. Tcw Strategic Income Fund Inc. has a market cap of $213.8 million; its shares were traded at around $4.49 . The dividend yield of Tcw Strategic Income Fund Inc. stocks is 5.6%.

Reduced: American Water Works Company Inc (AWK)

Daniel Loeb reduced to his holdings in American Water Works Company Inc by 75%. His sale prices were between $18.97 and $22.68, with an estimated average price of $20.89. The impact to his portfolio due to this sale was -0.42%. Daniel Loeb still held 250,000 shares as of 12/31/2009.

AMER WATER is the largest investor-owned U.S. water and wastewater utility company. American Water Works Company Inc has a market cap of $3.88 billion; its shares were traded at around $22.21 with a P/E ratio of 17.7 and P/S ratio of 1.7. The dividend yield of American Water Works Company Inc stocks is 3.8%.

Reduced: Greenlight Capital Re Ltd. (GLRE)

Daniel Loeb reduced to his holdings in Greenlight Capital Re Ltd. by 54.07%. His sale prices were between $18.51 and $24.36, with an estimated average price of $22.27. The impact to his portfolio due to this sale was -0.42%. Daniel Loeb still held 330,000 shares as of 12/31/2009.

GREENLIGHT CAPITAL REINSURANCE LTD. is an AM Best `A-` (Excellent) rated specialty property and casualty reinsurance company based in the Cayman Islands. Greenlight Capital Re Ltd. has a market cap of $709 million; its shares were traded at around $23.59 with a P/E ratio of 7.2 and P/S ratio of 5.7.

Reduced: Hewlettpackard Company (HPQ)

Daniel Loeb reduced to his holdings in Hewlettpackard Company by 50%. His sale prices were between $45.28 and $52.93, with an estimated average price of $49.48. The impact to his portfolio due to this sale was -0.77%. Daniel Loeb still held 300,000 shares as of 12/31/2009.

Hewlett Packard is one of the global providers of computing and imaging solutions and services for business and home. Hewlettpackard Company has a market cap of $118.49 billion; its shares were traded at around $50.12 with a P/E ratio of 13.1 and P/S ratio of 1. The dividend yield of Hewlettpackard Company stocks is 0.6%. Hewlettpackard Company had an annual average earning growth of 25.8% over the past 5 years.

Reduced: Popular Inc. (BPOP)

Daniel Loeb reduced to his holdings in Popular Inc. by 43.66%. His sale prices were between $2.12 and $2.8, with an estimated average price of $2.43. The impact to his portfolio due to this sale was -0.98%. Daniel Loeb still held 10,000,000 shares as of 12/31/2009.

Popular, Inc. is a diversified, publicly owned bank holding company. Popular Inc. has a market cap of $1.27 billion; its shares were traded at around $1.98 with and P/S ratio of 0.5. Popular Inc. had an annual average earning growth of 24.1% over the past 10 years.

Sold Out: Blockbuster Inc. (BBI)

Daniel Loeb sold out his holdings in Blockbuster Inc.. His sale prices were between $0.6001 and $1.1, with an estimated average price of $0.81.

Blockbuster Inc. is a world's retailer of rentable home videocassettes, DVDs and video games. Blockbuster Inc. has a market cap of $72.4 million; its shares were traded at around $0.373 with a P/E ratio of 2.9.

Sold Out: Synaptics Inc. (SYNA)

Daniel Loeb sold out his holdings in Synaptics Inc.. His sale prices were between $22.19 and $30.23, with an estimated average price of $25.59.

Synaptics is a developer of human interface solutions for a wide variety of mobile computing and communications devices and is the supplier of TouchPads to the notebook computer market. Synaptics Inc. has a market cap of $942.6 million; its shares were traded at around $27.72 with a P/E ratio of 22.2 and P/S ratio of 1.9. Synaptics Inc. had an annual average earning growth of 5.3% over the past 5 years.

Sold Out: Molson Coors Brewing Company (TAP)

Daniel Loeb sold out his holdings in Molson Coors Brewing Company. His sale prices were between $43.16 and $50.49, with an estimated average price of $46.5.

Molson Coors Brewing Company is world's fifth-largest global brewer. Molson Coors Brewing Company has a market cap of $6.54 billion; its shares were traded at around $40.47 with a P/E ratio of 10.7 and P/S ratio of 1.5. The dividend yield of Molson Coors Brewing Company stocks is 2.4%. Molson Coors Brewing Company had an annual average earning growth of 12.9% over the past 10 years.

Sold Out: Bank Of America Corp. (BAC)

Daniel Loeb sold out his holdings in Bank Of America Corp.. His sale prices were between $14.58 and $17.5, with an estimated average price of $15.79.

Bank of America Corp. is one of the world's financial services companies. Bank Of America Corp. has a market cap of $135.46 billion; its shares were traded at around $15.66 with and P/S ratio of 0.9. The dividend yield of Bank Of America Corp. stocks is 0.3%. Bank Of America Corp. had an annual average earning growth of 7.5% over the past 10 years.

Sold Out: Anadarko Petroleum Corp. (APC)

Daniel Loeb sold out his holdings in Anadarko Petroleum Corp.. His sale prices were between $57.11 and $67.87, with an estimated average price of $62.81.

Anadarko Petroleum Corporation is one of the world's largest independentoil and gas exploration and production companies. Anadarko Petroleum Corp. has a market cap of $33.82 billion; its shares were traded at around $68.81 with and P/S ratio of 3.7. The dividend yield of Anadarko Petroleum Corp. stocks is 0.5%. Anadarko Petroleum Corp. had an annual average earning growth of 28% over the past 10 years. GuruFocus rated Anadarko Petroleum Corp. the business predictability rank of 3.5-star.

Sold Out: Alkermes Inc. (ALKS)

Daniel Loeb sold out his holdings in Alkermes Inc.. His sale prices were between $7.58 and $9.88, with an estimated average price of $8.71.

Alkermes, Inc. is a biotechnology company that develops innovative medicines designed to yield better therapeutic outcomes and improve the lives of patients with serious disease. Alkermes Inc. has a market cap of $1.13 billion; its shares were traded at around $12 with and P/S ratio of 3.4.

Sold Out: Allergan Inc. (AGN)

Daniel Loeb sold out his holdings in Allergan Inc.. His sale prices were between $53.55 and $63.61, with an estimated average price of $58.93.

Allergan, Inc. is a provider of eye care and specialty pharmaceutical products throughout the world with products in the eye care pharmaceutical, ophthalmic surgical device, over-the-counter contact lens care, movement disorder, and dermatological markets. Allergan Inc. has a market cap of $18.16 billion; its shares were traded at around $59.74 with a P/E ratio of 21.5 and P/S ratio of 4. The dividend yield of Allergan Inc. stocks is 0.3%.

Sold Out: Blockbuster Inc. (BBI-B)

Daniel Loeb sold out his holdings in Blockbuster Inc.. His sale prices were between $0.34 and $0.63, with an estimated average price of $0.51.

Blockbuster Inc. is a global provider of in-home rental and retail movie and game entertainment. Blockbuster Inc. has a market cap of $18.8 million; its shares were traded at around $0.261 .

Sold Out: The First American Corp. (FAF)

Daniel Loeb sold out his holdings in The First American Corp.. His sale prices were between $30.39 and $33.88, with an estimated average price of $32.35.

The First American Corp. is the nation's provider of business information and related products and services. The First American Corp. has a market cap of $3.33 billion; its shares were traded at around $33.06 with a P/E ratio of 16.5 and P/S ratio of 0.5. The dividend yield of The First American Corp. stocks is 2.6%. The First American Corp. had an annual average earning growth of 8.3% over the past 10 years.

Sold Out: Lions Gate Entertainment Corp. (LGF)

Daniel Loeb sold out his holdings in Lions Gate Entertainment Corp.. His sale prices were between $4.89 and $6.07, with an estimated average price of $5.52.

Lions Gate Entertainment is a leading, diversified independent producer and distributor of motion pictures, home entertainment, television programming, animation and video-on-demand content. Lions Gate Entertainment Corp. has a market cap of $638.9 million; its shares were traded at around $5.43 with and P/S ratio of 0.4.

Sold Out: Liberty Acq Hgds Cp (LIA)

Daniel Loeb sold out his holdings in Liberty Acq Hgds Cp. His sale prices were between $9.43 and $9.64, with an estimated average price of $9.51.

Liberty Acq Hgds Cp has a market cap of $1.26 billion; its shares were traded at around $9.71 with a P/E ratio of 97.1.

Sold Out: Loral Space And Communications Inc. (LORL)

Daniel Loeb sold out his holdings in Loral Space And Communications Inc.. His sale prices were between $25.49 and $34.44, with an estimated average price of $31.14.

Loral Space & Communications is a satellite communications company. Loral Space And Communications Inc. has a market cap of $633.7 million; its shares were traded at around $31.14 with and P/S ratio of 0.7.

Sold Out: Carefusion Corp. (CFN)

Daniel Loeb sold out his holdings in Carefusion Corp.. His sale prices were between $21.25 and $26.63, with an estimated average price of $24.23.

CareFusion is a global corporation serving the health care industry with products and services that help hospitals measurably improve the safety and quality of care. Carefusion Corp. has a market cap of $5.8 billion; its shares were traded at around $26.21 with and P/S ratio of 1.2.

Sold Out: Cf Industries Holdings Inc. (CF)

Daniel Loeb sold out his holdings in Cf Industries Holdings Inc.. His sale prices were between $78.48 and $94.95, with an estimated average price of $86.46.

CF Industries Holdings, Inc. is the holding company for the operations of CF Industries, Inc. Cf Industries Holdings Inc. has a market cap of $5.08 billion; its shares were traded at around $104.65 with a P/E ratio of 10.2 and P/S ratio of 1.3. The dividend yield of Cf Industries Holdings Inc. stocks is 0.4%.

Sold Out: Apple Inc. (AAPL)

Daniel Loeb sold out his holdings in Apple Inc.. His sale prices were between $184.9 and $211.64, with an estimated average price of $197.95.

Apple Computer, Inc. designs, manufactures and markets personal computers and related personal computing and communicating solutions for sale primarily to education, creative, consumer, and business customers. Apple Inc. has a market cap of $183.38 billion; its shares were traded at around $202.55 with a P/E ratio of 24.8 and P/S ratio of 5. Apple Inc. had an annual average earning growth of 90.5% over the past 5 years.

Sold Out: Oracle Corp. (ORCL)

Daniel Loeb sold out his holdings in Oracle Corp.. His sale prices were between $20.34 and $25.01, with an estimated average price of $22.36.

Oracle Corporation is one of the world's suppliers of software for information management. Oracle Corp. has a market cap of $121.17 billion; its shares were traded at around $24.18 with a P/E ratio of 16.8 and P/S ratio of 5.2. The dividend yield of Oracle Corp. stocks is 0.8%. Oracle Corp. had an annual average earning growth of 18.2% over the past 10 years. GuruFocus rated Oracle Corp. the business predictability rank of 3-star.

Sold Out: Pfizer Inc (PFE)

Daniel Loeb sold out his holdings in Pfizer Inc. His sale prices were between $16.15 and $18.85, with an estimated average price of $17.82.

Pfizer Inc is a research-based, global pharmaceutical company that discovers and develops innovative, value-added products that improve the quality of life of people around the world and help them enjoy longer, healthier, and more productive lives. Pfizer Inc has a market cap of $142.59 billion; its shares were traded at around $17.67 with a P/E ratio of 8.8 and P/S ratio of 2.9. The dividend yield of Pfizer Inc stocks is 4.1%. Pfizer Inc had an annual average earning growth of 11% over the past 10 years.


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