Third Point
Picture
Moves
Options: 9 moves on a notional base, in the table below.
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
- trimmed−4.64
- added+1.23
- added−0.99
Positions
| AIGAmerican International Group, Inc. | 7.26% | 7,500,000 | $383M | trimmed−25% | −4.64 pp | 3 q |
| FDXFedEx Corporation | 6.82% | 2,500,000 | $359M | added+25% | +1.23 pp | 2 q |
| unresolvedDow Chemical Co | 6.51% | 7,725,000 | $343M | new | +6.51 pp | new |
| BIDTribeca Strategic Acquisition Corp. Class A | 6.41% | 6,350,000 | $338M | added+3% | −0.99 pp | 3 q |
| unresolvedYahoo Inc | 6.14% | 8,000,000 | $324M | trimmed−50% | −6.85 pp | 3 q |
| TMUST-Mobile US, Inc. | 4.87% | 7,625,000 | $257M | new | +4.87 pp | new |
| IPInternational Paper Co. | 3.72% | 4,000,000 | $196M | trimmed−6% | −0.94 pp | 3 q |
| unresolvedGoogle Inc. | 3.40% | 160,000 | $179M | added+45% | +1.04 pp | 2 q |
| unresolvedHertz Global Holdings Inc | 3.26% | 6,000,000 | $172M | new | +3.26 pp | new |
| APCAnadarko Petroleum Corp | 3.17% | 2,105,000 | $167M | added+40% | −0.24 pp | 3 q |
| WMBWilliams Companies Inc. | 3.11% | 4,250,000 | $164M | new | +3.11 pp | new |
| LBTYALiberty Global Ltd. Class A | 3.04% | 1,800,000 | $160M | trimmed−35% | −2.30 pp | 3 q |
| STZConstellation Brands, Inc. | 2.67% | 2,000,000 | $141M | trimmed−27% | −1.19 pp | 3 q |
| LNGCheniere Energy Inc | 2.62% | 3,200,000 | $138M | new | +2.62 pp | new |
| unresolvedCoca Cola Enterprises Inc Ne | 2.59% | 3,100,000 | $137M | trimmed−3% | −0.56 pp | 3 q |
| DGDollar General Corp. | 2.57% | 2,250,000 | $136M | added+13% | −0.19 pp | 3 q |
| CCKCrown Holdings Inc. | 2.54% | 3,000,000 | $134M | new | +2.54 pp | new |
| ABTAbbott Laboratories | 2.36% | 3,250,000 | $125M | new | +2.36 pp | new |
| unresolvedB/E Aerospace Inc | 2.23% | 1,350,000 | $117M | trimmed−4% | −0.30 pp | 3 q |
| CTRACoterra Energy Inc. | 2.21% | 3,000,000 | $116M | added×2.7 | +1.21 pp | 3 q |
| GILDGilead Sciences Inc | 2.14% | 1,500,000 | $113M | added×3.0 | +1.37 pp | 2 q |
| BIDUBaidu, Inc. | 2.02% | 600,000 | $107M | new | +2.02 pp | new |
| EQTEqt Corp | 1.79% | 1,050,000 | $94M | added+5% | −0.38 pp | 2 q |
| MPCMarathon Petroleum Corporation | 1.74% | 1,000,000 | $92M | trimmed−20% | −0.23 pp | 3 q |
| unresolvedFidelity National Financial | 1.69% | 2,750,000 | $89M | added+31% | +0.32 pp | 2 q |
| unresolvedNielsen Holdings N V | 1.48% | 1,700,000 | $78M | added+70% | +0.59 pp | 2 q |
| LBTYKLiberty Global Ltd. Class C | 1.44% | 900,000 | $76M | trimmed−49% | −1.79 pp | 3 q |
| BBBlackBerry Limited | 1.41% | 10,000,000 | $74M | new | +1.41 pp | new |
| AIYActivision Blizzard Inc | 1.35% | 4,000,000 | $71M | added+54% | +0.29 pp | 2 q |
| XONPrecigen, Inc. | 1.11% | 2,539,200 | $59M | added+18% | −0.09 pp | 2 q |
| AAPLApple Inc. | 1.06% | 100,000 | $56M | new | +1.06 pp | new |
| ENPHEnphase Energy, Inc. | 0.90% | 7,448,987 | $47M | held | — | 3 q |
| unresolvedCytec Inds Inc | 0.88% | 500,000 | $47M | added×7.3 | +0.74 pp | 2 q |
| unresolvedCole Real Estate Invts Inc | 0.87% | 3,250,000 | $46M | new | +0.87 pp | new |
| NXPINXP Semiconductors N.V. | 0.87% | 1,000,000 | $46M | new | +0.87 pp | new |
| NOKNokia Corporation | 0.69% | 4,500,000 | $36M | added×2.3 | +0.37 pp | 2 q |
| unresolvedCheniere Energy Ptnrs LP Hld | 0.53% | 1,500,000 | $28M | new | +0.53 pp | new |
| unresolvedNorthstar Rlty Fin Corp | 0.51% | 2,000,000 | $27M | new | +0.51 pp | new |
| unresolvedBiofuel Energy Corp | 0.03% | 1,043,123 | $2M | held | — | 3 q |
| CFCF Industries Holding, Inc. | — | −870,000 | — | exited | −4.49 pp | — |
| unresolvedElan PLC | — | −10,000,000 | — | exited | −3.81 pp | — |
| TMOThermo Fisher Scientific, Inc. | — | −1,550,000 | — | exited | −3.50 pp | — |
| unresolvedTibco Software Inc | — | −4,425,000 | — | exited | −2.77 pp | — |
| unresolvedTwenty First Centy Fox Inc | — | −2,750,000 | — | exited | −2.26 pp | — |
| DISThe Walt Disney Company | — | −500,000 | — | exited | −0.79 pp | — |
| unresolvedLiberty Interactive Corp | — | −1,250,000 | — | exited | −0.72 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| AIG CALL | 48.18% | 5,000,000 | $255M |
| IP CALL | 27.76% | 3,000,000 | $147M |
| DG CALL | 22.77% | 2,000,000 | $121M |
| GM CALL | 0.62% | 80,500 | $3M |
| Actavis PLC CALL | 0.48% | 15,000 | $3M |
| Dow Chemical Co CALL | 0.19% | 23,000 | $1M |
Notes