Third Point
Picture
Moves
Options: 12 moves on a notional base, in the table below.
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
- held
- added+5.25
- new+5.59
- trimmed+0.33
Revealed late, restated
Positions
| unresolvedYahoo Inc | 12.99% | 16,000,000 | $531M | trimmed−74% | −22.39 pp | 2 q |
| AIGAmerican International Group, Inc. | 11.90% | 10,000,000 | $486M | held | — | 2 q |
| BIDTribeca Strategic Acquisition Corp. Class A | 7.40% | 6,150,000 | $302M | added×2.5 | +5.25 pp | 2 q |
| FDXFedEx Corporation | 5.59% | 2,000,000 | $228M | new | +5.59 pp | new |
| LBTYALiberty Global Ltd. Class A | 5.34% | 2,750,000 | $218M | trimmed−8% | +0.33 pp | 2 q |
| IPInternational Paper Co. | 4.66% | 4,250,000 | $190M | trimmed−6% | +0.13 pp | 2 q |
| CFCF Industries Holding, Inc. | 4.49% | 870,000 | $183M | added+3% | +1.20 pp | 2 q |
| STZConstellation Brands, Inc. | 3.86% | 2,750,000 | $158M | added+83% | +2.08 pp | 2 q |
| unresolvedElan PLC | 3.81% | 10,000,000 | $156M | added+18% | +1.08 pp | 2 q |
| TMOThermo Fisher Scientific, Inc. | 3.50% | 1,550,000 | $143M | trimmed−38% | −1.30 pp | 2 q |
| APCAnadarko Petroleum Corp | 3.41% | 1,500,000 | $139M | added+58% | +1.56 pp | 2 q |
| LBTYKLiberty Global Ltd. Class C | 3.23% | 1,750,000 | $132M | trimmed−13% | +0.15 pp | 2 q |
| unresolvedCoca Cola Enterprises Inc Ne | 3.15% | 3,200,000 | $129M | added×3.2 | +2.35 pp | 2 q |
| unresolvedTibco Software Inc | 2.77% | 4,425,000 | $113M | trimmed−12% | +0.34 pp | 2 q |
| DGDollar General Corp. | 2.76% | 2,000,000 | $113M | trimmed−9% | +0.24 pp | 2 q |
| unresolvedB/E Aerospace Inc | 2.53% | 1,400,000 | $103M | trimmed−23% | −0.08 pp | 2 q |
| unresolvedGoogle Inc. | 2.36% | 110,000 | $96M | new | +2.36 pp | new |
| unresolvedTwenty First Centy Fox Inc | 2.26% | 2,750,000 | $92M | new | +2.26 pp | new |
| EQTEqt Corp | 2.17% | 1,000,000 | $89M | new | +2.17 pp | new |
| MPCMarathon Petroleum Corporation | 1.97% | 1,250,000 | $80M | held | — | 2 q |
| ENPHEnphase Energy, Inc. | 1.48% | 7,448,987 | $60M | held | — | 2 q |
| unresolvedFidelity National Financial | 1.37% | 2,100,000 | $56M | new | +1.37 pp | new |
| XONPrecigen, Inc. | 1.20% | 2,150,592 | $49M | new | +1.20 pp | new |
| AIYActivision Blizzard Inc | 1.06% | 2,600,000 | $43M | new | +1.06 pp | new |
| CTRACoterra Energy Inc. | 1.00% | 1,100,000 | $41M | trimmed−60% | −1.22 pp | 2 q |
| unresolvedNielsen Holdings N V | 0.89% | 1,000,000 | $36M | new | +0.89 pp | new |
| DISThe Walt Disney Company | 0.79% | 500,000 | $32M | trimmed−72% | −1.79 pp | 2 q |
| GILDGilead Sciences Inc | 0.77% | 500,000 | $31M | new | +0.77 pp | new |
| unresolvedLiberty Interactive Corp | 0.72% | 1,250,000 | $29M | new | +0.72 pp | new |
| NOKNokia Corporation | 0.32% | 2,000,000 | $13M | new | +0.32 pp | new |
| unresolvedCytec Inds Inc | 0.14% | 68,300 | $6M | new | +0.14 pp | new |
| unresolvedBiofuel Energy Corp | 0.09% | 1,043,123 | $4M | held | — | 2 q |
| unresolvedNews Corp | — | −4,000,000 | — | exited | −2.96 pp | — |
| TIFTiffany & Co. | — | −1,650,000 | — | exited | −2.73 pp | — |
| WCCWesco International Inc. | — | −1,100,000 | — | exited | −1.70 pp | — |
| WMBWilliams Companies Inc. | — | −1,750,000 | — | exited | −1.29 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| IP CALL | 90.79% | 4,500,000 | $7M |
| CF CALL | 4.16% | 24,000 | $328,000 |
| LNG CALL | 3.15% | 64,000 | $248,000 |
| DG CALL | 1.26% | 32,000 | $99,000 |
| Allergan Inc CALL | 0.65% | 17,500 | $51,000 |
Notes