Daniel Loeb

Daniel Loeb

Last Update: 11-10-2016

Number of Stocks: 39
Number of New Stocks: 9

Total Value: $11,502 Mil
Q/Q Turnover: 23%

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 (%)
2015-1.21.19-2.4
20145.713.69-8.0
201325.232.39-7.2
3-Year Cumulative30.7 (9.3%/year)52.3 (15.1%/year)-21.6 (-5.8%/year)
201221.2165.2
2011-0.12.11-2.2
5-Year Cumulative58.3 (9.6%/year)80.4 (12.5%/year)-22.1 (-2.9%/year)
201033.515.0618.4
200938.226.4611.7
2008-32.8-374.2
200716.65.4911.1
20061515.79-0.8
10-Year Cumulative163.2 (10.2%/year)102 (7.3%/year)61.2 (2.9%/year)
200519.94.9115.0
200430.210.8819.3
200351.528.6822.8
2002-7-22.115.1
200114.9-11.8926.8
15-Year Cumulative565.1 (13.5%/year)107.5 (5%/year)457.6 (8.5%/year)
200017.1-9.126.2
199942.221.0421.2
19986.628.58-22.0
199752.133.3618.7
199644.322.9621.3
20-Year Cumulative2491.3 (17.7%/year)381.4 (8.2%/year)2109.9 (9.5%/year)
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 Buys Axalta, Morgan Stanley, Chubb Third Point investor shows new positions started in recent quarter
Daniel Loeb (Trades, Portfolio) made three new additions to his portfolio in the fourth quarter: Chubb Ltd. (NYSE:CB), Morgan Stanley (NYSE:MS) and Axalta Coating System Ltd. (NYSE:AXTA). Read more...
21 Questions With Michael Zapata of Sententia Capital Management 'Unlike others, we tend to be more opportunistic and look for smoke, or fire'
1. How and why did you get started investing? What is your background? Read more...
Daniel Loeb Beats Market But Stocks Down Loeb's plays best struggling peers
Third Point investor Daniel Loeb (Trades, Portfolio) posted a higher return than the S&P 500 index in June, saved from negative performance by gains in his bond portfolio. 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...
» More Daniel Loeb Articles

Commentaries and Stories

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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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20 Questions With Mark Spiegel of Stanphyl Capital Management 'Buying a stock that's cheap on current or trailing metrics with a rapidly declining business is a major pitfall for value investors' Daniel Loeb,David Einhorn - 20 Questions With Mark Spiegel Of Stanphyl Capital Management
How and why did you get started investing? What is your background? More...

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Yum Brands Agrees to Sell Part of China Business Primavera and Ant Financial to acquire stake in Yum China Daniel Loeb - Yum Brands Agrees To Sell Part Of China Business
Yum Brands (NYSE:YUM), the owner of KFC and Pizza Hut, has entered into a deal with Primavera Capital and an affiliate of Alibaba Group (NYSE:BABA) to sell a part of its Chinese operations as the American restaurant giant plans to spin off its China business. More...

RESTAURANT, FAST-FOOD, ALIBABA, FRED HU, ANT FINANCIAL, PRIMAVERA CAPITAL, SPIN OFF


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Railroad Companies Offer High Margin Potential A look at the SGA expense to gross profit ratio Daniel Loeb,Dodge & Cox - Railroad Companies Offer High Margin Potential
As of Sept. 21, several companies in the railroad industry have an efficient business operation. Two companies, Canada Pacific Railway Ltd. (NYSE:CP) and Union Pacific Corp. (NYSE:UNP), have a selling, general & administrative expense to gross profit ratio of about 30%, which suggests durable competitive advantage. With low SGA expenses, these companies have potential for high profit margins. More...

WARREN BUFFETT, CHARLIE MUNGER, DANIEL LOEB, DODGE & COX


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Medical Companies Offer Good Value Opportunities A discussion of Peter Lynch, his top-performing strategies and good health care companies Daniel Loeb, Jeremy Grantham - Medical Companies Offer Good Value Opportunities
Due to the great financial crisis, most companies were undervalued based on their valuations. Based on backtesting results, the “Peter Lynch Growth with Lower Valuation” test portfolio took positions in Baxter International Inc. (NYSE:BAX) and Abbott Laboratories (NYSE:ABT), two medical companies that reached historically low price-earnings ratios. While these companies presented good value opportunities from 2007-2011, other medical companies provide better opportunities in 2016. More...

PETER LYNCH, DANIEL LOEB, JEREMY GRANTHAM


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Daniel Loeb Exits Amgen, Trims Dow Chemical Guru's largest sales of the 2nd quarter Daniel Loeb,PRIMECAP Management,Vanguard Health Ca - Daniel Loeb Exits Amgen, Trims Dow Chemical
Daniel Loeb (Trades, Portfolio) founded Third Point LLC in 1995 and leads the firm’s research activities, portfolio and risk management. During the second quarter the guru's largest sales were as follows: More...

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Daniel Loeb Goes 2 for 2 in Online Media Companies Guru reports portfolio as of 2nd quarter Daniel Loeb - Daniel Loeb Goes 2 For 2 In Online Media Companies
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. More...

DANIEL LOEB, WARREN BUFFETT


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Daniel Loeb Discloses Stake in Convicted Inside Trader's Kadmon Holdings Waskal founded the company after release from prison Daniel Loeb - Daniel Loeb Discloses Stake In Convicted Inside Trader's Kadmon Holdings
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. More...

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John Linehan Trims Stake in Chubb Company is close to its 10-year high in price, it's trading above its intrinsic value, and its dividend yield is near its 2-year low T Rowe Price Equity Inome Fund,Daniel Loeb - John Linehan Trims Stake In Chubb
During the second quarter John Linehan of the T Rowe Price Equity Income Fund reduced the fund's stake in Chubb (CB) at an average price of $123.26. The trade had a 0.09% impact on the portfolio. The fund now owns 319,600 shares in the company. More...

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Daniel Loeb's Third Point 2nd-Quarter 2016 Investor Letter Loeb compares investing to Game of Thrones and discusses holdings Daniel Loeb - Daniel Loeb's Third Point 2nd-Quarter 2016 Investor Letter
Review and Outlook More...

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Daniel Loeb Beats Market But Stocks Down Loeb's plays best struggling peers Daniel Loeb - Daniel Loeb Beats Market But Stocks Down
Third Point investor Daniel Loeb (Trades, Portfolio) posted a higher return than the S&P 500 index in June, saved from negative performance by gains in his bond portfolio. More...

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