Third Point
Picture
Moves
Options: 6 moves on a notional base, in the table below.
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
- added+0.06
- trimmed−2.54
- added−1.86
Positions
| unresolvedActavis PLC | 8.09% | 2,500,000 | $515M | new | +8.09 pp | new |
| unresolvedDow Chemical Co | 5.52% | 7,225,000 | $351M | trimmed−6% | −0.99 pp | 2 q |
| TMUST-Mobile US, Inc. | 4.93% | 9,500,000 | $314M | added+25% | +0.06 pp | 2 q |
| AIGAmerican International Group, Inc. | 4.72% | 6,000,000 | $300M | trimmed−20% | −2.54 pp | 4 q |
| BIDTribeca Strategic Acquisition Corp. Class A | 4.55% | 6,650,000 | $290M | added+5% | −1.86 pp | 4 q |
| FDXFedEx Corporation | 4.17% | 2,000,000 | $265M | trimmed−20% | −2.65 pp | 3 q |
| CFCF Industries Holding, Inc. | 3.96% | 966,500 | $252M | new | +3.96 pp | new |
| unresolvedGoogle Inc. | 3.68% | 210,000 | $234M | added+31% | +0.28 pp | 3 q |
| LBTYKLiberty Global Ltd. Class C | 3.46% | 5,400,000 | $220M | added×3.0 | +2.02 pp | 4 q |
| WMBWilliams Companies Inc. | 3.19% | 5,000,000 | $203M | added+18% | +0.08 pp | 2 q |
| DGDollar General Corp. | 2.62% | 3,000,000 | $166M | added+33% | +0.05 pp | 4 q |
| VZVerizon Communications | 2.62% | 3,500,000 | $166M | new | +2.62 pp | new |
| LNGCheniere Energy Inc | 2.61% | 3,000,000 | $166M | trimmed−6% | −0.01 pp | 2 q |
| STZConstellation Brands, Inc. | 2.61% | 1,950,000 | $166M | trimmed−3% | −0.06 pp | 4 q |
| unresolvedHertz Global Holdings Inc | 2.51% | 6,000,000 | $160M | held | — | 2 q |
| ROPRoper Technologies, Inc. | 2.41% | 1,150,000 | $154M | new | +2.41 pp | new |
| CTRACoterra Energy Inc. | 2.40% | 4,500,000 | $152M | added+50% | +0.19 pp | 4 q |
| CTXSCitrix Systems Inc | 2.30% | 2,550,000 | $146M | new | +2.30 pp | new |
| APCAnadarko Petroleum Corp | 2.27% | 1,700,000 | $144M | trimmed−19% | −0.90 pp | 4 q |
| BUDAnheuser-Busch INBEV SA/NV | 2.24% | 1,350,000 | $142M | new | +2.24 pp | new |
| unresolvedCoca Cola Enterprises Inc Ne | 2.18% | 2,900,000 | $139M | trimmed−6% | −0.41 pp | 4 q |
| IPInternational Paper Co. | 2.16% | 3,000,000 | $138M | trimmed−25% | −1.56 pp | 4 q |
| CCKCrown Holdings Inc. | 2.11% | 3,000,000 | $134M | held | — | 2 q |
| unresolvedAvago Technologies Ltd | 2.03% | 2,000,000 | $129M | new | +2.03 pp | new |
| HRBH&R Block, Inc. | 1.66% | 3,500,000 | $106M | new | +1.66 pp | new |
| MASMasco Corporation | 1.66% | 4,750,000 | $105M | new | +1.66 pp | new |
| AALAmerican Airlines Group Inc. | 1.55% | 2,700,001 | $99M | new | +1.55 pp | new |
| CCitigroup Inc. | 1.50% | 2,000,000 | $95M | new | +1.50 pp | new |
| EQTEqt Corp | 1.37% | 900,000 | $87M | trimmed−14% | −0.42 pp | 3 q |
| SIGSignet Jewelers Limited | 1.33% | 800,000 | $85M | new | +1.33 pp | new |
| YPFYPF Sociedad Anonima | 1.30% | 2,650,000 | $83M | new | +1.30 pp | new |
| XONPrecigen, Inc. | 1.24% | 3,000,000 | $79M | added+18% | +0.13 pp | 3 q |
| unresolvedSensata Technologies Hldng NV | 1.24% | 1,850,000 | $79M | new | +1.24 pp | new |
| unresolvedAshland Inc New | 1.17% | 750,000 | $75M | new | +1.17 pp | new |
| ENPHEnphase Energy, Inc. | 0.86% | 7,448,987 | $55M | held | — | 4 q |
| VYXNCR Voyix Corporation | 0.86% | 1,500,000 | $55M | new | +0.86 pp | new |
| BIDUBaidu, Inc. | 0.84% | 350,000 | $53M | trimmed−42% | −1.18 pp | 2 q |
| MDLZMondelez International, Inc. Class A | 0.82% | 1,500,000 | $52M | new | +0.82 pp | new |
| unresolvedTime Warner Cable Inc | 0.82% | 380,000 | $52M | new | +0.82 pp | new |
| TSUTIM Participacoes S.A. | 0.65% | 1,600,000 | $42M | new | +0.65 pp | new |
| OCNOnity Group Inc. | 0.62% | 1,000,000 | $39M | new | +0.62 pp | new |
| NOKNokia Corporation | 0.52% | 4,500,000 | $33M | held | — | 3 q |
| unresolvedValeant Pharmaceuticals Intl | 0.52% | 250,000 | $33M | new | +0.52 pp | new |
| unresolvedBiofuel Energy Corp | 0.12% | 1,043,123 | $8M | held | — | 4 q |
| unresolvedYahoo Inc | — | −8,000,000 | — | exited | −6.14 pp | — |
| LBTYALiberty Global Ltd. Class A | — | −1,800,000 | — | exited | −3.04 pp | — |
| ABTAbbott Laboratories | — | −3,250,000 | — | exited | −2.36 pp | — |
| unresolvedB/E Aerospace Inc | — | −1,350,000 | — | exited | −2.23 pp | — |
| GILDGilead Sciences Inc | — | −1,500,000 | — | exited | −2.14 pp | — |
| MPCMarathon Petroleum Corporation | — | −1,000,000 | — | exited | −1.74 pp | — |
| unresolvedFidelity National Financial | — | −2,750,000 | — | exited | −1.69 pp | — |
| unresolvedNielsen Holdings N V | — | −1,700,000 | — | exited | −1.48 pp | — |
| BBBlackBerry Limited | — | −10,000,000 | — | exited | −1.41 pp | — |
| AIYActivision Blizzard Inc | — | −4,000,000 | — | exited | −1.35 pp | — |
| AAPLApple Inc. | — | −100,000 | — | exited | −1.06 pp | — |
| unresolvedCytec Inds Inc | — | −500,000 | — | exited | −0.88 pp | — |
| unresolvedCole Real Estate Invts Inc | — | −3,250,000 | — | exited | −0.87 pp | — |
| NXPINXP Semiconductors N.V. | — | −1,000,000 | — | exited | −0.87 pp | — |
| unresolvedCheniere Energy Ptnrs LP Hld | — | −1,500,000 | — | exited | −0.53 pp | — |
| unresolvedNorthstar Rlty Fin Corp | — | −2,000,000 | — | exited | −0.51 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| XLI PUT | 58.24% | 5,000,000 | $262M |
| IP CALL | 30.63% | 3,000,000 | $138M |
| AIG CALL | 11.13% | 1,000,000 | $50M |
Notes