Daniel Loeb

Daniel Loeb

Last Update: 03-20-2017

Number of Stocks: 38
Number of New Stocks: 12

Total Value: $10,188 Mil
Q/Q Turnover: 26%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Daniel Loeb' s Profile & Performance

Profile

Daniel S. Loeb founded Third Point LLC in 1995 and leads the firm’s research activities, portfolio, and risk management. He is well known for his public letters in which he criticizes company CEOs or other investment managers. Third Point’s total assets are more than $2.2 billion, and Loeb’s personal net worth is $2.3 billion.

Web Page:http://www.thirdpointpublic.com/

Investing Philosophy

Loeb and Third Point focus on activist investing, and follows an event-driven, value-oriented investment style. Loeb identifies situations in which a catalyst will unlock value.

Total Holding History

Performance of Master Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
20166.111.96-5.9
2015-1.21.38-2.6
20145.713.69-8.0
3-Year Cumulative10.8 (3.5%/year)29 (8.9%/year)-18.2 (-5.4%/year)
201325.232.39-7.2
201221.2165.2
5-Year Cumulative68.1 (11%/year)98.2 (14.7%/year)-30.1 (-3.7%/year)
2011-0.12.11-2.2
201033.515.0618.4
200938.226.4611.7
2008-32.8-374.2
200716.65.4911.1
10-Year Cumulative142.8 (9.3%/year)95.7 (6.9%/year)47.1 (2.4%/year)
20061515.79-0.8
200519.94.9115.0
200430.210.8819.3
200351.528.6822.8
2002-7-22.115.1
15-Year Cumulative514.2 (12.9%/year)164.2 (6.7%/year)350 (6.2%/year)
200114.9-11.8926.8
200017.1-9.126.2
199942.221.0421.2
19986.628.58-22.0
199752.133.3618.7
20-Year Cumulative1805.3 (15.9%/year)339.2 (7.7%/year)1466.1 (8.2%/year)
199644.322.9621.3
19953737.58-0.6

Top Ranked Articles

Daniel Loeb Discloses Stake in Convicted Inside Trader's Kadmon Holdings Waskal founded the company after release from prison
Third Point’s Daniel Loeb (Trades, Portfolio) today disclosed a stake in Kadmon Holdings (NYSE:KDMN), a biopharmaceutical company that went public on July 26. The company has a famous founder, Sam Waksal, who also created ImClone before his involvement in insider trading led to SEC restrictions and prison. Read more...
Daniel Loeb Picks Up Rate-Sensitive Financials, Drops Pharma Third Point hedge fund made drastic changes after Trump's election surprised him
Daniel Loeb (Trades, Portfolio)’s weighting in financial services expanded to 14.4% from 6.3% in the fourth quarter, as he bought shares of three big banks and nixed several positions in health care. Read more...
Daniel Loeb Buys JPMorgan, Time Warner, Bank of America Guru's largest 4th-quarter buys
Daniel Loeb (Trades, Portfolio) founded Third Point LLC in 1995 and leads the firm’s research activities, portfolio and risk management. During the fourth quarter of 2016, he bought shares in the following stocks: Read more...
Daniel Loeb Comments on EMC Corp Guru stock highlight
During the Second Quarter, Dell announced a large bond issuance to finance the acquisition of EMC Corp. While the Dell issuance is not a situation that would traditionally be popular with event-driven or distressed credit mandates, we believed market dynamics led the deal to price ~200bps wider than where we valued the bonds. Following its own LBO in 2013, Dell significantly improved its business through a variety of operational improvements and cost cutting initiatives. We believed the company would follow a similar playbook with the EMC (NYSE:EMC) acquisition and that the pro forma company would be a market leader in several areas including external storage, integrated infrastructure, and server virtualization software. Dell has stated a goal of achieving investment grade ratings within 18 – 24 months of the acquisition, setting a path to tightening in long duration bonds and to attractive returns for our portfolio. Read more...
Daniel Loeb Goes 2 for 2 in Online Media Companies Guru reports portfolio as of 2nd quarter
Founded in 1995, Third Point LLC seeks long-term capital appreciation through “event-driven, value-oriented investing.” As discussed in its prospectus, Daniel Loeb (Trades, Portfolio) invests in companies that are undervalued, or mispriced, based on market and relative valuation analysis. During the second quarter, the CEO made four trades in the online media and communications industries: two news buys, one reduction and one elimination. Read more...
» More Daniel Loeb Articles

Commentaries and Stories

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Loeb Goes Deep Sea Fishing One of the most off-the-beaten-path investments Loeb made in the first quarter Daniel Loeb - Loeb Goes Deep Sea Fishing
Dan Loeb of Third Point Capital went really out of his way to find value this quarter. After recent successes by buying into U.S. banks like JPMorgan (NYSE:JPM) right before taking off he's looking for a repeat in Europe. His quarterly letter revealed, of all things, he chose to buy the Italian Unicredit SpA (USCFF). Italy's debt to GDP sits at 126% which is only Europe's second worst ratio because the E.U. is stringing along Greece with an unsustainable large debt. More...

BANKS, LONG, EUROZONE, EURO, EUROPE


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Daniel Loeb’s Value-Seeking Journey This guru investor has gone from being a brash activist to an observer of the really big picture Daniel Loeb - Daniel Loeb’s Value-Seeking Journey
Over slightly more than two decades, Loeb’s Master Fund has returned average annual returns of 17.9%. More...

GURUS, INVESTING GURUS, DANIEL LOEB, THIRD POINT, MASTER FUND, EVENT DRIVEN, VALUE ORIENTED,


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Daniel Loeb Comments on E.On Guru stock highlight
Third Point invested in German utility operator E.On (XAMS:EON) during the First Quarter. Following a spin-off of its generation assets into Uniper last year, the company has emerged as a regulated grids and renewables business that is currently misunderstood by the market and attractively priced. The German government’s policy of “energy transition” caused the precipitous buildout of renewables, forced nuclear plant shutdowns, and a number of poor capital allocation decisions that led to an 80% decline in E.On’s market capitalization over the last decade. In our view, the worst is in the rear view mirror. More...

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Daniel Loeb Comments on Honewell Guru stock highlight
TheFirstQuarter of 2017 markeda turning point in both capital and credit in European financials. As the reflation trade has picked up steam, European banks have maintained lower valuations than US banks (0.7x vs. 1.2x book), driven by a lack of confidence in capital and an inadequate clearing mechanism for legacy non-performing loans (NPLs). The ECB recently noted there were still € 921 billion of NPLs at significant EU financial institutions. However, its guidance on NPLs, released with NPL in ratios March, >3x offered the level a firm of US but and pragmatic Japanese pproach banks to accelerate NPL resolutions and Q1 2017 was the second biggest quarter for announced capital issuance in over five years. While at home the opportunity in financials is linked closely to rising rates, banks in Europe offer a different hook: tangible progress on balance sheet clarity. More...

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Dan Loeb's 1st Quarter Investor Letter Loeb discusses his holdings and take on the economy Daniel Loeb - Dan Loeb's 1st Quarter Investor Letter
Review and Outlook More...

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Daniel Loeb Buys JPMorgan, Time Warner, Bank of America Guru's largest 4th-quarter buys Daniel Loeb - Daniel Loeb Buys JPMorgan, Time Warner, Bank Of America
Daniel Loeb (Trades, Portfolio) founded Third Point LLC in 1995 and leads the firm’s research activities, portfolio and risk management. During the fourth quarter of 2016, he bought shares in the following stocks: More...

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Daniel Loeb Picks Up Rate-Sensitive Financials, Drops Pharma Third Point hedge fund made drastic changes after Trump's election surprised him Daniel Loeb - Daniel Loeb Picks Up Rate-Sensitive Financials, Drops Pharma
Daniel Loeb (Trades, Portfolio)’s weighting in financial services expanded to 14.4% from 6.3% in the fourth quarter, as he bought shares of three big banks and nixed several positions in health care. More...

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Daniel Loeb's Third Point Hedge Fund 4th Quarter Commentary Discussion of markets and shift in strategy since election Daniel Loeb - Daniel Loeb's Third Point Hedge Fund 4th Quarter Commentary
Review and Outlook More...

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5 Stocks That Have Gotten Cheaper in Market's All-Time High Companies whose prices have gone lower in past month - Part 1 Larry Robbins,Daniel Loeb - 5 Stocks That Have Gotten Cheaper In Market's All-Time High
President Donald Trump takes credit for many things, but he can unmistakably be credited for the market’s sudden rise to record highs since his victory in the Electoral College. While the S&P 500 has gained 5.6% since Nov. 8, not all companies have benefited from the so-called “Trump bump,” particularly in sectors cowering from negative projections of his stated opinions and policies. More...

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David Tepper Expands Technology and Financial Empire High-performing guru buys 5 new companies in 3rd quarter David Tepper,Daniel Loeb,Steven Cohen,Warren Buffe - David Tepper Expands Technology And Financial Empire
David Tepper (Trades, Portfolio), founder of Appaloosa Management, has earned a reputation for producing top market returns among Wall Street guru investors. The distressed debt specialist primarily invests in companies at cheap prices and sells them as the stock price increases. More...

DAVID TEPPER, DANIEL LOEB, STEVEN COHEN, WARREN BUFFETT, LARRY ROBBINS, ANDREAS HALVORSEN, JIM SIMONS, ALAN FOURNIER, STANLEY DRUCKENMILLER


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Daniel Loeb Buys Apple, Online Stocks Market-beating investor buys majority tech stocks Daniel Loeb - Daniel Loeb Buys Apple, Online Stocks
Daniel Loeb (Trades, Portfolio) bought nine stocks in the third quarter, but the majority was of tech and internet companies. More...

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A High-Tech Manufacturer With Excellent Growth Prospects AMETEK is an Undervalued Predictable company that may not be undervalued for long Lou Simpson,Daniel Loeb,Mario Gabelli - A High-Tech Manufacturer With Excellent Growth Prospects
When AMETEK (NYSE:AME) reported its third-quarter results Tuesday, it continued its give-and-take story of this year: gains from recent acquisitions and losses from exposure to the oil and gas industry. More...

TECHNOLOGY, MANUFACTURING, OIL AND GAS, ELECTRONICS, INDUSTRIAL, AMETEK, LONG


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Daniel Loeb Comments on Akarna Therapeutics Guru stock highlight
Akarna Therapeutics TPV was a founding investor in Akarna in Q1 2015. Akarna focuses on the treatment of Nonalcoholic Steatohepatitis (NASH), also known as fatty liver disease. Akarna was attractive for several reasons: More...

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Daniel Loeb Comments on Apigee Guru stock highlight
TPV initially invested in Apigee (NASDAQ:APIC) in July 2008 when the company was known as Sonoa Systems. The company originally targeted their hardware appliance-based technology at Systems Oriented Architecture (SOA), challenging the industry-leading IBM as enterprises quickly developed to connect application elements over networks. After recognizing in 2010 that there was a transformational opportunity to apply Sonoa’s core technology, Third Point Ventures helped the company rebrand itself as Apigee and pivot to a focus on enterprise digital transformation via a software platform for APIs (Application Programming Interfaces). More...

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Daniel Loeb Comments on Sprint Guru stock highlight
Sprint (NYSE:S) has been another of our best performing investments this year. We were able to initiate our position at an attractive entry point in Q1 amidst the energy-driven dislocation in the credit markets and after the bonds were downgraded in February over concerns about Sprint’s near-term corporate debt maturities. We believed we were protected on the downside since the company has minimal outstanding senior or secured facilities and could likely issue new bonds higher in the corporate capital structure to refinance the pending maturities. The company is also continuing to improve its business by strengthening the network in key areas, growing the subscriber base, opportunistically incorporating strategic partnerships, and executing an attractive cost of capital cycle. More...

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Daniel Loeb Comments on EMC Corp Guru stock highlight
During the Second Quarter, Dell announced a large bond issuance to finance the acquisition of EMC Corp. While the Dell issuance is not a situation that would traditionally be popular with event-driven or distressed credit mandates, we believed market dynamics led the deal to price ~200bps wider than where we valued the bonds. Following its own LBO in 2013, Dell significantly improved its business through a variety of operational improvements and cost cutting initiatives. We believed the company would follow a similar playbook with the EMC (NYSE:EMC) acquisition and that the pro forma company would be a market leader in several areas including external storage, integrated infrastructure, and server virtualization software. Dell has stated a goal of achieving investment grade ratings within 18 – 24 months of the acquisition, setting a path to tightening in long duration bonds and to attractive returns for our portfolio. More...

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Daniel Loeb Gives Third Point 3rd Quarter Shareholder Letter Review of markets, election and holdings Daniel Loeb - Daniel Loeb Gives Third Point 3rd Quarter Shareholder Letter
Review and Outlook More...

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21 Questions With Michael Zapata of Sententia Capital Management 'Unlike others, we tend to be more opportunistic and look for smoke, or fire' Daniel Loeb,Howard Marks - 21 Questions With Michael Zapata Of Sententia Capital Management
1. How and why did you get started investing? What is your background? More...

INTERVIEW, INVESTING, VALUE, SENTENTIA


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Daniel Loeb Expands Position in Enphase Energy Guru increased his position in semiconductor manufacturer Daniel Loeb - Daniel Loeb Expands Position In Enphase Energy
Daniel Loeb (Trades, Portfolio) of Third Point LLC increased his position in Enphase Energy Inc. (NASDAQ:ENPH) by 7.33% on Sept. 28. More...

SEMICONDUCTOR, LOEB, BUY


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