Third Point
Picture
Moves
Options: 8 moves on a notional base, in the table below.
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
- trimmed−2.33
- new+9.87
- trimmed−0.43
- added+1.14
Positions
| AMGNAmgen Inc | 13.62% | 9,000,000 | $1.4B | trimmed−10% | −2.33 pp | 5 q |
| unresolvedDow Chemical Co | 11.60% | 23,000,000 | $1.2B | added+5% | +1.07 pp | 7 q |
| ACTAllergan PLC | 9.87% | 3,300,000 | $1.0B | new | +9.87 pp | new |
| EBAYeBay Inc | 4.75% | 8,000,000 | $482M | trimmed−11% | −0.43 pp | 4 q |
| MHKMohawk Industries, Inc. | 4.52% | 2,400,000 | $458M | added+32% | +1.14 pp | 3 q |
| SUNEQSunedison Inc | 3.66% | 12,400,000 | $371M | added+24% | +1.27 pp | 4 q |
| YUMYum! Brands, Inc. | 3.18% | 3,575,000 | $322M | added+8% | +0.59 pp | 2 q |
| BIDTribeca Strategic Acquisition Corp. Class A | 2.97% | 6,650,000 | $301M | held | — | 9 q |
| BAXBaxter International Inc. | 2.72% | 3,950,000 | $276M | new | +2.72 pp | new |
| PSXPhillips 66 | 2.58% | 3,250,000 | $262M | trimmed−19% | −0.56 pp | 3 q |
| ROPRoper Technologies, Inc. | 2.55% | 1,500,000 | $259M | trimmed−6% | −0.20 pp | 6 q |
| LBTYKLiberty Global Ltd. Class C | 2.50% | 5,000,000 | $253M | trimmed−14% | −0.38 pp | 9 q |
| TMUST-Mobile US, Inc. | 2.48% | 6,500,000 | $252M | new | +2.48 pp | new |
| SEESealed Air Corp New | 2.46% | 4,850,000 | $249M | new | +2.46 pp | new |
| ALLYAlly Financial Inc. | 2.21% | 10,000,000 | $224M | trimmed−62% | −3.23 pp | 5 q |
| DVNDevon Energy Corporation | 2.20% | 3,750,000 | $223M | new | +2.20 pp | new |
| STZConstellation Brands, Inc. | 2.17% | 1,900,000 | $220M | trimmed−5% | −0.15 pp | 9 q |
| IACIIac / Interactivecorp (De) Com Stk | 2.16% | 2,750,000 | $219M | added+15% | +0.55 pp | 5 q |
| AIGAmerican International Group, Inc. | 2.13% | 3,500,000 | $216M | held | — | 3 q |
| BUDAnheuser-Busch INBEV SA/NV | 2.08% | 1,750,000 | $211M | trimmed−13% | −0.35 pp | 6 q |
| NXPINXP Semiconductors N.V. | 2.03% | 2,100,000 | $206M | added+32% | +0.43 pp | 2 q |
| FDXFedEx Corporation | 1.68% | 1,000,000 | $170M | added+11% | +0.19 pp | 2 q |
| SJMThe J.M. Smucker Company | 1.55% | 1,450,000 | $157M | added+26% | +0.22 pp | 2 q |
| MASMasco Corporation | 1.31% | 5,000,000 | $133M | trimmed−50% | −1.35 pp | 6 q |
| XONPrecigen, Inc. | 1.30% | 2,700,000 | $132M | held | — | 8 q |
| DALDelta Air Lines, Inc. | 1.11% | 2,750,000 | $113M | trimmed−48% | −1.24 pp | 3 q |
| PRGOPerrigo Company PLC | 1.09% | 600,000 | $111M | new | +1.09 pp | new |
| VIVTelefonica Brasil, S.A. | 1.03% | 7,500,000 | $104M | new | +1.03 pp | new |
| GRBKGreen Brick Partners, Inc | 0.86% | 8,083,022 | $87M | added+54% | +0.43 pp | 3 q |
| WMBWilliams Companies Inc. | 0.85% | 1,500,000 | $86M | new | +0.85 pp | new |
| unresolvedStarwood HOTELS&RESORTS Wrld | 0.80% | 1,000,000 | $81M | new | +0.80 pp | new |
| unresolvedSensata Technologies Hldng NV | 0.75% | 1,443,500 | $76M | trimmed−64% | −1.54 pp | 6 q |
| TAPMolson Coors Beverage Company Class B | 0.69% | 1,000,000 | $70M | new | +0.69 pp | new |
| unresolvedWilliams Clayton Energy Inc | 0.65% | 1,000,000 | $66M | added+25% | +0.25 pp | 2 q |
| ENPHEnphase Energy, Inc. | 0.47% | 6,248,987 | $48M | held | — | 9 q |
| unresolvedBaxter Intl Inc | 0.34% | 900,600 | $34M | new | +0.34 pp | new |
| unresolvedApigee Corp | 0.31% | 3,166,551 | $31M | new | +0.31 pp | new |
| unresolvedZiopharm Oncology Inc | 0.23% | 1,950,000 | $23M | new | +0.23 pp | new |
| NOKNokia Corporation | 0.20% | 3,000,000 | $21M | new | +0.20 pp | new |
| unresolvedCharter Comm's Inc | 0.17% | 100,000 | $17M | new | +0.17 pp | new |
| unresolvedCitigroup Inc | 0.15% | 20,000,000 | $15M | held | — | 3 q |
| unresolvedActavis PLC | — | −3,575,000 | — | exited | −10.61 pp | — |
| DGDollar General Corp. | — | −4,000,000 | — | exited | −3.01 pp | — |
| MCKMcKesson Corporation | — | −625,600 | — | exited | −1.41 pp | — |
| unresolvedEnergizer Hldgs Inc | — | −1,000,000 | — | exited | −1.38 pp | — |
| MXIMMaxim Integrated Products | — | −3,500,000 | — | exited | −1.22 pp | — |
| FLTCorpay, Inc. | — | −700,000 | — | exited | −1.05 pp | — |
| unresolvedPrecision Castparts Corp | — | −500,000 | — | exited | −1.05 pp | — |
| ETEnergy Transfer LP | — | −270,000 | — | exited | −0.17 pp | — |
| MCMoelis & Company | — | −170,523 | — | exited | −0.05 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| EBAY CALL | 37.91% | 3,000,000 | $181M |
| BUD CALL | 31.64% | 1,250,000 | $151M |
| FXI CALL | 19.34% | 2,000,000 | $92M |
| TMUS CALL | 8.13% | 1,000,000 | $39M |
| YUM CALL | 2.27% | 120,000 | $11M |
| Energizer Hldgs Inc CALL | 0.48% | 17,500 | $2M |
| SUNEQ CALL | 0.22% | 35,000 | $1M |
Notes
| Issue | % of notes | Principal | Value |
|---|---|---|---|
| Cobalt Intl Energy Inc | 100.00% | 80,000,000 | $59M |