Third Point
Picture
Moves
Options: 2 moves on a notional base, in the table below.
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
- held
- trimmed−4.56
- new+5.00
- added+4.16
Positions
| BAXBaxter International Inc. | 20.73% | 53,850,000 | $2.2B | held | — | 4 q |
| ACTAllergan PLC | 12.56% | 5,000,000 | $1.3B | trimmed−7% | −4.56 pp | 4 q |
| unresolvedDow Chemical Co | 11.91% | 25,000,000 | $1.3B | trimmed−1% | −1.28 pp | 10 q |
| GOOGLAlphabet Inc. Class A | 5.00% | 700,000 | $534M | new | +5.00 pp | new |
| YUMYum! Brands, Inc. | 4.22% | 5,500,000 | $450M | added×73.0 | +4.16 pp | 5 q |
| AMGNAmgen Inc | 4.21% | 3,000,000 | $450M | trimmed−67% | −10.69 pp | 8 q |
| MHKMohawk Industries, Inc. | 3.58% | 2,000,000 | $382M | trimmed−6% | −0.50 pp | 6 q |
| DHRDanaher Corporation | 3.29% | 3,700,000 | $351M | added+64% | +1.17 pp | 3 q |
| CBChubb Limited | 2.68% | 2,400,000 | $286M | new | +2.68 pp | new |
| STZConstellation Brands, Inc. | 2.50% | 1,765,000 | $267M | added+10% | +0.19 pp | 12 q |
| ROPRoper Technologies, Inc. | 2.31% | 1,350,000 | $247M | trimmed−7% | −0.48 pp | 9 q |
| unresolvedTime Warner Cable Inc | 2.30% | 1,200,000 | $246M | trimmed−14% | −0.34 pp | 3 q |
| unresolvedBaxalta Inc | 2.27% | 6,000,000 | $242M | new | +2.27 pp | new |
| SEESealed Air Corp New | 2.25% | 5,000,000 | $240M | trimmed−5% | −0.13 pp | 4 q |
| LOWLowe's Companies Inc. | 2.13% | 3,000,000 | $227M | new | +2.13 pp | new |
| TDGTransDigm Group Incorporated | 2.06% | 1,000,000 | $220M | new | +2.06 pp | new |
| BUDAnheuser-Busch INBEV SA/NV | 2.04% | 1,750,000 | $218M | added+25% | +0.26 pp | 9 q |
| TAPMolson Coors Beverage Company Class B | 1.94% | 2,150,000 | $207M | added+8% | +0.03 pp | 4 q |
| unresolvedBroadcom Ltd | 1.88% | 1,300,000 | $201M | new | +1.88 pp | new |
| unresolvedE M C Corp Mass | 1.75% | 7,000,000 | $187M | new | +1.75 pp | new |
| BIDTribeca Strategic Acquisition Corp. Class A | 1.67% | 6,660,925 | $178M | added0% | −0.07 pp | 12 q |
| SIGSignet Jewelers Limited | 1.16% | 1,000,000 | $124M | new | +1.16 pp | new |
| NOMDNomad Foods Limited | 0.99% | 11,685,000 | $105M | new | +0.99 pp | new |
| SJMThe J.M. Smucker Company | 0.94% | 775,000 | $101M | trimmed−53% | −1.13 pp | 5 q |
| VMWVMware, Inc | 0.59% | 1,200,000 | $63M | new | +0.59 pp | new |
| GRBKGreen Brick Partners, Inc | 0.57% | 8,083,022 | $61M | held | — | 6 q |
| ICEIntercontinental Exchange Inc. | 0.50% | 225,000 | $53M | new | +0.50 pp | new |
| TRGPTarga Resources Corp. | 0.50% | 1,800,000 | $54M | new | +0.50 pp | new |
| unresolvedTwenty First Centy Fox Inc | 0.38% | 1,450,000 | $40M | new | +0.38 pp | new |
| KHCThe Kraft Heinz Company | 0.37% | 500,000 | $39M | added×6.1 | +0.31 pp | 3 q |
| WMBWilliams Companies Inc. | 0.30% | 2,000,000 | $32M | new | +0.30 pp | new |
| unresolvedApigee Corp | 0.25% | 3,166,551 | $26M | held | — | 4 q |
| ENPHEnphase Energy, Inc. | 0.14% | 6,248,987 | $15M | held | — | 12 q |
| unresolvedCitigroup Inc | 0.02% | 20,000,000 | $2M | held | — | 6 q |
| GLPIGaming and Leisure Properties, Inc. | 0.01% | 35,000 | $1M | new | +0.01 pp | new |
| unresolvedAvago Technologies Ltd | — | −1,500,000 | — | exited | −2.21 pp | — |
| LBTYKLiberty Global Ltd. Class C | — | −5,000,000 | — | exited | −2.07 pp | — |
| unresolvedAce Ltd | — | −1,500,000 | — | exited | −1.78 pp | — |
| EBAYeBay Inc | — | −4,000,000 | — | exited | −1.12 pp | — |
| MSMorgan Stanley | — | −3,000,000 | — | exited | −0.97 pp | — |
| AXTAAxalta Coating Systems Ltd. | — | −2,400,000 | — | exited | −0.65 pp | — |
| unresolvedWilliams Clayton Energy Inc | — | −400,000 | — | exited | −0.12 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| YUM CALL | 66.44% | 1,500,000 | $123M |
| SIG CALL | 33.56% | 500,000 | $62M |
Notes