Daniel Loeb

Daniel Loeb

Last Update: 08-11-2017

Number of Stocks: 32
Number of New Stocks: 8

Total Value: $11,282 Mil
Q/Q Turnover: 24%

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 (%)
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

Loeb Goes Deep Sea Fishing One of the most off-the-beaten-path investments Loeb made in the first quarter
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. 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...
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...
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’s 2 New Stocks Market-beating Third Point manager discloses new picks
As Daniel Loeb (Trades, Portfolio), head of Third Point hedge fund, announced this week that his Offshore Fund beat the S&P 500 index year to date, he also disclosed – before his official portfolio has come out – that he purchased two new stocks in the second quarter, Alibaba (NYSE:BABA) and BlackRock (NYSE:BLK). Read more...
» More Daniel Loeb Articles

Commentaries and Stories

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Dan Loeb Comments on Nestlé Guru stock highlight
On September 26th, Nestlé (NSRGY) held an Investor Day in London. Nestlé’s new CEO, Dr. Ulf Mark Schneider had deferred questions for months about changes in strategy to this presentation, where he proposed to lay out a plan for revitalizing the company. As the first CEO in nearly a century brought to Nestlé from the outside, and as an experienced leader with a strong history of value creation at his previous company, the expectations for Dr. Schneider were high. More...

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Dan Loeb Comments on Honeywell Guru stock highlight
Third Point initiated a stake in Honeywell (NYSE:HON), the American technology and manufacturing company, last year. We were drawn to Honeywell because of the company’s strong businesses, portfolio optionality, untapped balance sheet, and change in leadership from one excellent CEO to another. In an early meeting with new CEO Darius Adamczyk, we shared our view that a more streamlined Honeywell could accelerate growth and yield sustainable value creation. We argued that spinning off the Aerospace division would be most impactful. More...

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Dan Loeb Comments on Dow Chemical Company Guru stock highlight
We first disclosed our Dow Chemical Company (LSE:DOW) investment in our Q4 2013 investor letter, arguing that Dow shares were significantly undervalued. We recognized a familiar pattern of a conglomerate that had grown unwieldy, pursuing a strategy of becoming bigger, not better. Accordingly, we proposed that Dow rationalize its business by separating its Agriculture and Specialty Chemicals businesses from its commodity-focused Petrochemical businesses to unlock value for shareholders, writing: More...

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Dan Loeb Comments on Dover Corp. Guru stock highlight
During the third quarter, we invested in Dover (NYSE:DOV), an industrial conglomerate with a $15 billion market capitalization. Dover has leading share in several highly consolidated end markets, including retail fueling, industrial printing, retail refrigeration equipment, and artificial lift for U.S. onshore energy production. More...

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Dan Loeb Buys Activist Stake in Dover Corp in 3rd Quarter Shares leap as Loeb announces he purchased stake Daniel Loeb - Dan Loeb Buys Activist Stake In Dover Corp In 3rd Quarter
Daniel Loeb (Trades, Portfolio), leader of hedge fund Third Point, disclosed today in a shareholder letter that he purchased a stake in Dover Corp. (NYSE:DOV) in the third quarter and proposed changes at the company. More...

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Transcript of Joel Tillinghast Podcast Interview Peter Lynch mentee and head of $40 billion low-priced fund shares his wisdom Daniel Loeb,Donald Yacktman - Transcript Of Joel Tillinghast Podcast Interview
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. More...

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Daniel Loeb Buys 8 Stocks in 2nd Quarter Third Point investor made BlackRock and Alibaba two of largest holdings Daniel Loeb - Daniel Loeb Buys 8 Stocks In 2nd Quarter
Daniel Loeb (Trades, Portfolio), the founder of Third Point hedge fund, shared on Tuesday that he loaded eight new stocks into his portfolio in the second quarter, bringing the total to 32, with 24% turnover. More...

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David Tepper Adds 3 Positions in 2nd Quarter Guru invests in retail, online media and Nasdaq ETF David Tepper, Daniel Loeb, Ken Heebner, Julian Rob - David Tepper Adds 3 Positions In 2nd Quarter
Appaloosa Management founder David Tepper (Trades, Portfolio) established three positions during the second quarter: Alibaba Group Holding Ltd. (NYSE:BABA), Altaba Inc. (NASDAQ:AABA) and PowerShares QQQ Trust Series 1 (NASDAQ:QQQ). More...

DAVID TEPPER, DANIEL LOEB, KEN HEEBNER, JULIAN ROBERTSON, STANLEY DRUCKENMILLER


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Ken Heebner Goes 3-for-3 in 2nd Quarter Guru reports quarterly portfolio Ken Heebner,Daniel Loeb,Ken Fisher,Matthews China  - Ken Heebner Goes 3-for-3 In 2nd Quarter
Ken Heebner (Trades, Portfolio), co-founder of Capital Growth Management, invested in three companies during the second quarter: Copa Holdings SA (NYSE:CPA), Royal Caribbean Cruises Ltd. (NYSE:RCL) and Alibaba Group Holding Ltd. (NYSE:BABA). The guru also axed his positions in Goldman Sachs Group Inc. (NYSE:GS), NVIDIA Corp. (NASDAQ:NVDA) and Teradyne Inc. (NYSE:TER). More...

KEN HEEBNER, DANIEL LOEB, KEN FISHER, MATTHEWS CHINA FUND


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Wells Fargo: Hedge Funds' Most Loved Stock Of 64 hedge funds, 20 have a position in the bank Seth Klarman, Daniel Loeb, Tom Gayner, Warren Buff - Wells Fargo: Hedge Funds' Most Loved Stock
Following a guru investor into a position without doing your own research is never a good idea. Wsing guru holdings as a starting point for further research can be extremely helpful, however, especially considering these investors have significantly more resources than you do. More...

VALUE, VALUE INVESTING, INVESTING


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Put Corporate Japan's Cash in Your Wallet With Japan's corporate governance reforms, patient investors might find its cash in their wallets Joel Greenblatt, Daniel Loeb - Put Corporate Japan's Cash In Your Wallet
There are plenty of reasons to keep your money away from Japan, including the declining and aging population, corporate governance and poor capital allocation, just to name a few. Bad news seems to travel quickly, however, and there is still plenty to like about Japan, which is often overlooked. Here, I will shed some light on Japan’s often overlooked good news. More...

LONG, JAPAN


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Tweedy Browne Comments on Nestle Guru stock highlight
Shareholder activism and buyout bids surfaced once again in the second quarter and had more than just a marginal impact on our Fund portfolios. Nestlé (OTCPK:NSRGY)’s surge in June was, in part, a response to the news that Daniel Loeb (Trades, Portfolio), the noted hedge fund manager, had taken a position in the company and remarked that despite the company’s long record of success, there was significant room for improvement. Late in June, Nestlé also announced a planned buyback of shares equal to as much as CHF20 billion. Unilever was also up nicely for the quarter, as speculation continued about a possible renewed bid by Kraft. Elis, the French-based uniform, textile and hygiene company, announced a buyout bid for Berendsen, More...

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Daniel Loeb’s 2 New Stocks Market-beating Third Point manager discloses new picks Daniel Loeb - Daniel Loeb’s 2 New Stocks
As Daniel Loeb (Trades, Portfolio), head of Third Point hedge fund, announced this week that his Offshore Fund beat the S&P 500 index year to date, he also disclosed – before his official portfolio has come out – that he purchased two new stocks in the second quarter, Alibaba (NYSE:BABA) and BlackRock (NYSE:BLK). More...

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Daniel Loeb Comments on BlackRock Guru stock highlight
BlackRock (NYSE:BLK) is world’s largest asset manager, with $5.7 trillion in AUM. In a classic scale industry, BlackRock is an asset -gathering machine, with organic net inflows of over 7% annualized2. Coupled with a tailwind from rising markets, AUM grew 17% year-over-year in the second quarter, which remains a key input for earnings power. Yet we see BlackRock as far more than an asset manager dependent on market movements. It is increasingly becoming a network or index-like business, with earnings power driven by ETFs (via iShares) and data & analytic services (via Aladdin). These are oligopoly businesses with faster growth and much higher incremental margins than traditional asset management – and thus deserve much higher P/E multiples over time. With shares at less than 15x our 2019 EPS forecast, and an outlook for consistent mid-teens EPS growth, we think BlackRock is a misunderstood franchise that is just beginning to inflect. More...

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Daniel Loeb Comments on Baxter International Guru stock highlight
Two years ago, we initiated a 9.9% position worth over $1.5 billion in Baxter (NYSE:BAX). An under-earner in the medtech industry with margins trailing its peers, Baxter was about to spin out More...

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Daniel Loeb Comments on Baxter International Guru stock highlight
Two years ago, we initiated a 9.9% position worth over $1.5 billion in Baxter (NYSE:BAX). An under-earner in the medtech industry with margins trailing its peers, Baxter was about to spin out its biopharma business, Baxalta. Shortly after the spin-off, Baxter’s long-time CEO announced his intention to retire. We believed these two major changes at the company presented an opportunity to create a more focused Baxter, cure its under-earning problem, and even make it an industry leader in operational performance – if the company took the right steps. Third Point’s Munib Islam joined the Baxter Board of Directors in September 2015. Munib also participated on the search committee that successfully recruited former Covidien CEO José “Joe” Almeida as Baxter’s new CEO starting on January 1, 2016. More...

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Daniel Loeb Discusses Baxter, Alibaba in Q2 Letter Loeb beats market as he says none of his predictions came true Daniel Loeb - Daniel Loeb Discusses Baxter, Alibaba In Q2 Letter
Review and Outlook More...

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Hedge Fund Stars Bullish on Aluminum Company; Should You Be? Alcoa's stock price skyrockets with better outlook Daniel Loeb,Caxton Associates,Steven Cohen,Leon Co - Hedge Fund Stars Bullish On Aluminum Company; Should You Be?
Legendary Hedge Fund managers bet on Alcoa Inc. (NYSE:AA), one of the world's largest producers of aluminum and alumina. More...

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An Under-the-Radar Tech Play Gurus have been buying this tech company Seth Klarman,Daniel Loeb,Caxton Associates,Julian  - An Under-the-Radar Tech Play
Qualcomm (NASDAQ:QCOM) is widely held by gurus. Recent converts include Seth Klarman (Trades, Portfolio), Daniel Loeb, Caxton Associates (Trades, Portfolio) and Julian Robertson (Trades, More...

LONG, TECH


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