Hedge Fund Analysis on Dan Loeb's Third Point (2010 Q1)

My next analysis is on Dan Loeb's Third Point, LLC. Dan Loeb's top 10 positions has a return 0f 25 percent this year beating the S&P 500 about 5 percent. We can see his portfolio is quite diverse, so his perfomance is very similer to the market as a whole. He had a lot of trades in the first quarter and in the second quarter. He had a few bad trades in the first semester, such as the Citi Group[C] trade. Dan got out his position on Citi after it went tumbled. And he sold it completely, which the market has told us was a really bad move. Also, he left his position on Popular Inc [BPOP] too early. The stock went up more than 100 percent after he sold the stock.

Total Market Value: $1.4 billion

Top Sector:

29% Financial

16% Technology

13% Health care

6% Capital goods

11% Services

24% Others

Top 10 Holdings

1. PHH Corp (PHH): 7.6%

2. Transdigm (TDG): 6.8%

3. CIT Group (CIT): 6.5%

4. Wellpoint (WLP): 6%

5. Health Net (HNT): 5.3%

6. Liberty Interactive (LINTA): 5.2%

7. OSI Pharmaceutical (OSIP): 5.1%

8. Xerox (XRX): 4.9%

9. Airgas (ARG): 4.2%

10. Walgreen (WAG): 4.0%

Recent Trades:

5/21/10
buy
Airgas Inc [ARG]
$61.48
5/21/10
buy
Liberty Interactive [LINTA]
$12.67
5/21/10
buy
OSI Pharm Inc [OSIP]
$57.38
5/21/10
buy
Walgreen Co [WAG]
$33.10
5/21/10
sell
Cablevision Systems Cp Class A [CVC]
$23.20
5/21/10
sell
Citigroup Inc [C]
$ 3.75
5/21/10
sell
Mead Johnson Nutrition [MJN]
$49.09
2/19/10
buy
CIT Group Inc [CIT]
$32.62
2/19/10
buy
Cablevision Systems Cp Class A [CVC]
$22.91
2/19/10
buy
Citigroup Inc [C]
$ 3.42
2/19/10
buy
Mead Johnson Nutrition [MJN]
$46.58
2/19/10
buy
Wellpoint Inc. [WLP]
$58.47
2/19/10
buy
Xerox Corp [XRX]
$ 9.16
2/19/10
sell
Bank of America Corp [BAC]
$15.86
2/19/10
sell
CF Industries Holdings Inc [CF]
$104.00
2/19/10
sell
Liberty Acquisition Holdings Corp [LIA]
$ 9.75
2/19/10
sell
Molson Coors Brewing Co [TAP]
$40.59
2/19/10
sell
Pfizer Inc [PFE]
$17.80
2/19/10
sell
Popular Inc [BPOP]
$ 2.00

Taken from Alphaclone

"Third Point, LLC is a New York based hedge fund with a focus on activist investing. The firm was founded in 1995 by Daniel Loeb who is know for his vocal and public criticism of management when he views the company as underperforming."