Daniel Loeb

Daniel Loeb

Last Update: 08-10-2018

Number of Stocks: 38
Number of New Stocks: 13

Total Value: $14,352 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/master-fund-reports/quarterly-letters/, http://www.thirdpointpublic.

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 (%)
201718.121.71-3.6
20166.111.99-5.9
2015-1.21.24-2.4
3-Year Cumulative23.8 (7.4%/year)38 (11.3%/year)-14.2 (-3.9%/year)
20145.713.47-7.8
201325.232.3-7.1
5-Year Cumulative63.8 (10.4%/year)107.2 (15.7%/year)-43.4 (-5.3%/year)
201221.215.995.2
2011-0.11.9-2.0
201033.515.0518.4
200938.226.3511.9
2008-32.8-36.794.0
10-Year Cumulative145.9 (9.4%/year)125 (8.4%/year)20.9 (1%/year)
200716.65.1411.5
20061515.85-0.9
200519.94.8315.1
200430.210.719.5
200351.528.1923.3
15-Year Cumulative680 (14.7%/year)307.7 (9.8%/year)372.3 (4.9%/year)
2002-7-21.5814.6
200114.9-11.7626.7
200017.1-9.7526.9
199942.220.421.8
19986.628.7-22.1
20-Year Cumulative1379.4 (14.4%/year)294.5 (7.1%/year)1084.9 (7.3%/year)
199752.133.4718.6
199644.322.4921.8
19953738.04-1.0

Top Ranked Articles

Transcript of Joel Tillinghast Podcast Interview Peter Lynch mentee and head of $40 billion low-priced fund shares his wisdom
Holly: Hi, welcome to the GuruFocus podcast. This is Holly. I’m the editor of GuruFocus, and I’m here with Charlie Tian, he joined us for this Skype Interview, and Charlie is the CEO of GuruFocus. And we’re also very fortunate to have Joel Tillinghast today. He is the manager of the Fidelity Low-Priced Stock Fund. That fund has almost 40 billion in assets under management. It is a mid-cap value fund, and it has almost 1,000 stocks in it. And Joel is just one of the top managers in the field today, he’s soundly beaten the S&P, and since inception, and I think he’s rocking it again this year. So Joel, hi. Welcome. Read more...
Dan Loeb's Outlook for 2018 Third Point published its quarterly letter including a market outlook for 2018
Third Point just released its fourth quarter 2017 letter including an annual review. The Offshore Fund generated +18.1% -- a very good result given its average net long exposure was only 68%. The full letter is embedded below, but I wanted to highlight a few key paragraphs that illustrate Third Point's outlook for 2018. Quotations are clearly marked and followed by my commentary. Read more...
Steven Cohen Dives Into PagSeguro Digital Point72 asset manager triples his stake in the Brazilian financial tech solutions company
Steven Cohen (Trades, Portfolio) disclosed on Thursday that he increased his position in PagSeguro Digital Ltd. (NYSE:PAGS) by 202.70%, according to GuruFocus real-time picks. Read more...
Dan Loeb Soars High in Alibaba Investor starts three new positions in third quarter
Third Point manager Daniel Loeb (Trades, Portfolio) follows an activist, event-driven approach to investing. During the third quarter, Loeb boosted his Alibaba Group Holding Ltd. (NYSE:BABA) position and initiated three new positions: Vantiv Inc. (VNTV), Shire PLC (NASDAQ:SHPG) and Marathon Petroleum Corp. (NYSE:MPC). Read more...
Dan Loeb Slowly Turning Cautious Discussion of Loeb's latest quarterly letter
Third Point, lead by Dan Loeb, recently published another very interesting quarterly letter. The fund has posted astounding returns since inception: Read more...
» More Daniel Loeb Articles

Commentaries and Stories

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An Opportunity for Homebuilders Toll Brothers, Lennar and NVR look like massive bargains Ray Dalio, Daniel Loeb, Diamond Hill Capital - An Opportunity For Homebuilders
Last week, Redfin Corp. (NASDAQ:RDFN) CEO Glenn Kelman warned of a housing slowdown that is beginning to develop across the country, even more so in expensive markets like Seattle and San Francisco. He said the two factors driving this trend are the consistently low supply of homes for sale and frustrated buyers that simply stop trying after getting beaten out on offer after offer. More...

HOME BUILDERS, RESIDENTIAL CONSTRUCTION, HOUSING INDUSTRY


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Daniel Loeb's Best-Performing Stocks 5 stocks in the guru's portfolio shine Daniel Loeb - Daniel Loeb's Best-Performing Stocks
Daniel Loeb (Trades, Portfolio) is the founder of investment firm Third Point LLC. According to the GuruFocus All-In-One Screener, the following stocks are top performers in his equity portfolio. More...

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Daniel Loeb’s Top 5 New Buys Activist investor releases 2nd-quarter portfolio Daniel Loeb - Daniel Loeb’s Top 5 New Buys
Third Point leader Daniel Loeb (Trades, Portfolio) released his second-quarter portfolio last week, listing 13 new positions. More...

DANIEL LOEB, THIRD POINT, BUYS, 2Q, ACTIVIST


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Dan Loeb Plunges Into Campbell Soup Activist investor takes 17 million-share stake, calls for sale of company Daniel Loeb, Pioneer Investments, Mario Gabelli, J - Dan Loeb Plunges Into Campbell Soup
Third Point LLC founder Daniel Loeb (Trades, Portfolio) disclosed on Tuesday that he established an activist stake in Campbell Soup Co. (NYSE:CPB). More...

DANIEL LOEB, PIONEER INVESTMENTS, MARIO GABELLI, JOEL GREENBLATT, DAVID DREMAN, ACTIVIST INVESTING, EVENT-DRIVEN HEDGE FUNDS


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Warren Buffett and Seth Klarman’s Synchrony Financial Falls Despite Strong 2nd-Quarter Net Interest Income Growth Company starts new partnership with PayPal despite losing credit-card partnership with Walmart Daniel Loeb,Seth Klarman - Warren Buffett And Seth Klarman’s Synchrony Financial Falls Despite Strong 2nd-Quarter Net Interest Income Growth
Synchrony Financial (NYSE:SYF), a General Electric Co. (NYSE:GE) spinoff and large holding of Warren Buffett (Trades, Portfolio) and Seth Klarman (Trades, Portfolio), said on Friday that second-quarter net interest income increased 3% on strong loan receivables growth. More...

WARREN BUFFETT, SETH KLARMAN, DANIEL LOEB


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Dan Loeb Joins George Soros, David Einhorn Stocking Up on PayPal Loeb sees 50% upside Daniel Loeb - Dan Loeb Joins George Soros, David Einhorn Stocking Up On PayPal
Activist investor Daniel Loeb purchased a stake in financial services provider PayPal Holdings Inc. (NASDAQ:PYPL), he disclosed Monday, which puts him in a swarm of prominent investors who found the stock attractive this year. More...

DANIEL LOEB, GEORGE SOROS, PAYPAL, BUY, THIRD POINT


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Dan Loeb Comments on PayPal Guru stock highlight
During the Second Quarter, we initiated a long position in PayPal (NASDAQ:PYPL), a $100 billion market cap online payments company that processes ~20‐30% of all ecommerce transaction volume globally (ex‐China), led by the excellent CEO Dan Schulman. With 237 million active accounts and 19 million merchants using the iconic PayPal checkout button online, PayPal enjoys a dominant competitive position with a 10x scale advantage relative to peers. Consumers love PayPal because it enables hassle‐free, one‐touch checkout across millions of online merchants; merchants love PayPal because it drives higher sales, with a checkout conversion rate of 89% – almost 2x that of credit/debit cards. We see parallels between PayPal and other best‐in‐class internet platforms like Netflix and Amazon: high and rising market share, untapped pricing power, and significant margin expansion potential. PayPal is in the process of evolving from a pure‐play “checkout button” to a broader commerce solutions platform, expanding into adjacent verticals (e.g. in‐store payments, B2B) organically and through M&A. We forecast above‐consensus More...

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Daniel Loeb's 2nd Quarter Third Point Shareholder Letter Discussion of holdings and markets Daniel Loeb - Daniel Loeb's 2nd Quarter Third Point Shareholder Letter
Review and Outlook More...

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Global Materials Industry Foresees Growth 4 stocks gurus have chosen again and again over the last year in a materials industry that analysts say is among the three expected to surge. The other two are energy and tech Jeff Auxier, Daniel Loeb, Ray Dalio, Jim Simons, J - Global Materials Industry Foresees Growth
A well-known group of stocks in the basic materials industry have caught the attention of gurus who have been keeping an eye on opportunities to cash in on global growth. More...

RAW MATERIALS, EARNINGS, PAINT, CHEMICALS, EARNINGS, STOCK, SHARES


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Dan Loeb Goes After Target With Up to 92.5% Upside Loeb goes after a defensive consumer staple. Estimates suggest the upside is 40-92.5% Daniel Loeb - Dan Loeb Goes After Target With Up To 92.5% Upside
Daniel Loeb of Third Point LLC is an activist feared for his public letters in which he criticizes company leadership. The Swiss consumer staple Nestle (XSWX:NESN) is one of its current investments. Loeb has been invested for a long time aready but just released a presentation publicly with the changes he wants to see in an effort to drum up support for his campaign. It is an interesting presentation and Loeb suggests some sensible things. More...

ACTIVIST, DAN LOEB, CONSUMER STAPLE, FOOD


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Dan Loeb Ups Pressure on Nestle in Letter Third Point manager losing on his investment Daniel Loeb - Dan Loeb Ups Pressure On Nestle In Letter
With an eye on his $3.5 billion investment in the company, activist value investor Dan Loeb unveiled a letter Friday to the CEO and board of consumer packaged goods giant Nestle (VTX:NESN) urging it to more rapidly implement changes as sales and market share decline. More...

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Steven Cohen Dives Into PagSeguro Digital Point72 asset manager triples his stake in the Brazilian financial tech solutions company Steven Cohen, Daniel Loeb, Ron Baron, Steve Mandel - Steven Cohen Dives Into PagSeguro Digital
Steven Cohen (Trades, Portfolio) disclosed on Thursday that he increased his position in PagSeguro Digital Ltd. (NYSE:PAGS) by 202.70%, according to GuruFocus real-time picks. More...

STEVEN COHEN, DANIEL LOEB, RON BARON, STEVE MANDEL


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6 Heavy Positions in Gurus' Portfolios Negative performance for these 6 stocks Pioneer Investments,Daniel Loeb - 6 Heavy Positions In Gurus' Portfolios
While gurus hold positions in these companies, the stock prices and returns continue to fall. These are the worst-performing stocks over the last three months with a long-term presence in more than four gurus’ portfolios. More...

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Rating: 4.0/5 (1 vote)

Dan Loeb Slowly Turning Cautious Discussion of Loeb's latest quarterly letter Daniel Loeb - Dan Loeb Slowly Turning Cautious
Third Point, lead by Dan Loeb, recently published another very interesting quarterly letter. The fund has posted astounding returns since inception: More...

LOEB, ACTIVIST, LONG, SHORT, MARKET OUTLOOK


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Daniel Loeb Comments on Dover Guru stock highlight
Dover (NYSE:DOV) More...

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Daniel Loeb Comments on Lennar Guru stock highlight
Lennar (NYSE:LEN) More...

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Daniel Loeb Comments on DowDuPont Guru stock highlight
DWDP (NYSE:DWDP) continues to be one of the fund’s largest positions. We remain confident in the underlying business fundamentals and CEO Ed Breen’s plan to create value. Despite a series of positive developments following the merger’s close last August, the discount to intrinsic value has widened. Several prominent sell-side analysts have noted the similarities between DWDP’s three future spins (Materials Co, Specialty Co, and Ag Co) and three publicly traded peers: LyondellBasell, 3M, and Monsanto. Consensus 2020 EBITDA for DWDP is $23 billion – coincidentally the sum of 2020 estimates for LYB, MMM and MON is nearly identical at $22.5 billion. However, the combined enterprise value for these three companies is $234 billion, about 40% higher than DWDP’s current enterprise value of $167 billion. Simply applying a similar EV to DWDP (which we believe is justified) implies a stock price of $92, nearly 50% higher than current levels. We expect this value gap to close over the next 12 months as synergies are realized and the three spin-offs are finalized. From More...

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Daniel Loeb Comments on United Technologies Corp Guru stock highlight
In the fourth quarter of 2017, Third Point initiated a significant stake in United Technologies Corporation (NYSE:UTX) (“UTC” or the “Company”), a $100 billion industrial conglomerate organized into four business units: Otis Elevator Company (“Otis”), UTC Climate, Controls & Security (“CCS”), UTC Aerospace Systems (“UTAS”), and Pratt & Whitney. UTC has strong franchise assets with leading market share within each segment but the Company’s shares have lagged its industrial peers (XLI Index) by approximately 45% over the last five years. UTC fits a pattern of many underperforming conglomerates where value is diminished by the ill effects of a “one size fits all” approach to corporate strategy, incentive compensation, and capital allocation. At UTC, this has led to a well-documented history of poor management execution – exemplified most recently by the botched ramp-up of the next-generation geared turbofan (“GTF”) engine – as well as market share losses and underinvestment in key business areas. We have initiated a dialogue with UTC’s Board of Directors to express our concerns about the Company’s More...

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Daniel Loeb's Third Point 1st Quarter Investor Letter Discussion of holdings and markets Daniel Loeb - Daniel Loeb's Third Point 1st Quarter Investor Letter
Review and Outlook More...

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NYSE Parent Buys Chicago Stock Exchange The SEC blocked another bid from Chinese investors in February Daniel Loeb,John Rogers - NYSE Parent Buys Chicago Stock Exchange
After the Securities and Exchange Commission shot down North America Casin Holdings Inc.’s bid to acquire the Chicago Stock Exchange in February, Intercontinental Exchange Inc. (NYSE:ICE) announced on Thursday it has agreed to buy the securities exchange. More...

NYSE, CHX, CHICAGO, EXCHANGE, ACQUIRE


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