Third Point
Picture
Moves
Options: 5 moves on a notional base, in the table below.
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
- trimmed+0.58
- trimmed−0.96
- trimmed+0.11
Revealed late, restated
Positions
| AMGNAmgen Inc | 15.95% | 10,000,000 | $1.6B | trimmed−6% | +0.58 pp | 4 q |
| unresolvedActavis PLC | 10.61% | 3,575,000 | $1.1B | added+4% | +2.59 pp | 5 q |
| unresolvedDow Chemical Co | 10.53% | 22,000,000 | $1.1B | held | — | 6 q |
| ALLYAlly Financial Inc. | 5.44% | 26,000,000 | $545M | trimmed−13% | −0.96 pp | 4 q |
| EBAYeBay Inc | 5.18% | 9,000,000 | $519M | trimmed−10% | +0.11 pp | 3 q |
| MHKMohawk Industries, Inc. | 3.38% | 1,825,000 | $339M | added×2.8 | +2.47 pp | 2 q |
| PSXPhillips 66 | 3.14% | 4,000,000 | $314M | trimmed−20% | −0.10 pp | 2 q |
| DGDollar General Corp. | 3.01% | 4,000,000 | $302M | held | — | 8 q |
| LBTYKLiberty Global Ltd. Class C | 2.88% | 5,800,000 | $289M | held | — | 8 q |
| BIDTribeca Strategic Acquisition Corp. Class A | 2.80% | 6,650,000 | $281M | held | — | 8 q |
| ROPRoper Technologies, Inc. | 2.75% | 1,600,000 | $275M | added+23% | +0.91 pp | 5 q |
| MASMasco Corporation | 2.66% | 10,000,000 | $267M | held | — | 5 q |
| YUMYum! Brands, Inc. | 2.59% | 3,300,000 | $260M | new | +2.59 pp | new |
| BUDAnheuser-Busch INBEV SA/NV | 2.43% | 2,000,000 | $244M | trimmed−11% | +0.15 pp | 5 q |
| SUNEQSunedison Inc | 2.39% | 10,000,000 | $240M | trimmed−11% | +0.41 pp | 3 q |
| DALDelta Air Lines, Inc. | 2.35% | 5,250,000 | $236M | added+36% | +0.64 pp | 2 q |
| STZConstellation Brands, Inc. | 2.32% | 2,000,000 | $232M | held | — | 8 q |
| unresolvedSensata Technologies Hldng NV | 2.29% | 4,000,000 | $230M | held | — | 5 q |
| AIGAmerican International Group, Inc. | 1.91% | 3,500,000 | $192M | held | — | 2 q |
| IACIIac / Interactivecorp (De) Com Stk | 1.61% | 2,385,000 | $161M | added0% | +0.31 pp | 4 q |
| NXPINXP Semiconductors N.V. | 1.60% | 1,593,200 | $160M | new | +1.60 pp | new |
| FDXFedEx Corporation | 1.49% | 900,000 | $149M | new | +1.49 pp | new |
| MCKMcKesson Corporation | 1.41% | 625,600 | $142M | new | +1.41 pp | new |
| unresolvedEnergizer Hldgs Inc | 1.38% | 1,000,000 | $138M | held | — | 3 q |
| SJMThe J.M. Smucker Company | 1.33% | 1,150,000 | $133M | new | +1.33 pp | new |
| XONPrecigen, Inc. | 1.22% | 2,700,000 | $122M | trimmed−7% | +0.50 pp | 7 q |
| MXIMMaxim Integrated Products | 1.22% | 3,500,000 | $122M | new | +1.22 pp | new |
| FLTCorpay, Inc. | 1.05% | 700,000 | $106M | added+27% | +0.31 pp | 3 q |
| unresolvedPrecision Castparts Corp | 1.05% | 500,000 | $105M | new | +1.05 pp | new |
| ENPHEnphase Energy, Inc. | 0.82% | 6,248,987 | $82M | held | — | 8 q |
| GRBKGreen Brick Partners, Inc | 0.43% | 5,242,124 | $43M | held | — | 2 q |
| unresolvedWilliams Clayton Energy Inc | 0.40% | 800,000 | $41M | new | +0.40 pp | new |
| ETEnergy Transfer LP | 0.17% | 270,000 | $17M | new | +0.17 pp | new |
| unresolvedCitigroup Inc | 0.15% | 20,000,000 | $15M | held | — | 2 q |
| MCMoelis & Company | 0.05% | 170,523 | $5M | held | — | 4 q |
| BABAAlibaba Group Holding Limited | — | −10,000,000 | — | exited | −9.39 pp | — |
| CCitigroup Inc. | — | −5,000,000 | — | exited | −2.44 pp | — |
| unresolvedE M C Corp Mass | — | −7,000,000 | — | exited | −1.88 pp | — |
| AALAmerican Airlines Group Inc. | — | −3,750,000 | — | exited | −1.82 pp | — |
| WMBWilliams Companies Inc. | — | −4,000,000 | — | exited | −1.62 pp | — |
| CFCF Industries Holding, Inc. | — | −650,000 | — | exited | −1.60 pp | — |
| unresolvedHertz Global Holdings Inc | — | −4,250,000 | — | exited | −0.96 pp | — |
| unresolvedShire PLC | — | −500,000 | — | exited | −0.96 pp | — |
| SPYState Street SPDR S&P 500 ETF Trust | — | −500,000 | — | exited | −0.93 pp | — |
| unresolvedAllergan Inc | — | −400,000 | — | exited | −0.77 pp | — |
| APCAnadarko Petroleum Corp | — | −1,000,000 | — | exited | −0.75 pp | — |
| unresolvedFcb Finl Hldgs Inc | — | −996,165 | — | exited | −0.22 pp | — |
| unresolvedRice Midstream Partners LP | — | −200,000 | — | exited | −0.03 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| IWM PUT | 67.44% | 4,000,000 | $497M |
| EBAY CALL | 19.55% | 2,500,000 | $144M |
| BUD CALL | 12.39% | 750,000 | $91M |
| SUNEQ CALL | 0.46% | 140,000 | $3M |
| YUM CALL | 0.16% | 15,000 | $1M |
Notes
| Issue | % of notes | Principal | Value |
|---|---|---|---|
| Cobalt Intl Energy Inc | 100.00% | 80,000,000 | $58M |