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Third Point Q1 Holdings Update: Reduces YHOO, AIG Stakes, Adds New Stakes In Virgin Media, Tiffany And B/E Aerospace

Tyler Durden's picture





 

With Paulson's star long gone down, there are few remaining "new generation" hedge fund wunderkinds, especially in a world in which the best performing hedge fund is Federal Reserve Capital LLC - Onshore Fund. One among them is Third Point's Dan Loeb, who continues to be one of the best performing hedge fund managers for the 4th year in a row. He just filed his Q1 13F, amounting to $5.3 billion in disclosed long equity positions, which are summarized below.

Of note are the following changes:

  • New stakes in Virgin Media ($538MM), Tiffany ($188MM), Anadarko ($105MM), Thermo Fisher ($99MM), Cabot Oil and Gas ($84MM), Hess ($72MM) and others. Some of these overlap with the initiations of David Tepper and David Einhorn especially Hess: did some "idea dinners" take place in Q1 we were not aware of?
  • Fully exited stakes in Tesoro, Morgan Stanley, Nexen, Symantec, Herbalife, Illumina, Coke, PVH, Abbott Labs and others.
  • Reduced positions in Yahoo, AIG, New Corp, Murphy Oil, Delphi, Lyondell and others
  • Added to stakes in International Paper, Abbvie, Dollar General, Constellation, and Ariad

Obviously, no short positions are disclosed, however with Ben Bernanke now serving as supreme hedge fund manager to all, why does anyone even bother with hedges?

Full breakdown below.

 


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Wed, 05/15/2013 - 17:06 | Link to Comment Say What Again
Say What Again's picture

BULLISH

Wed, 05/15/2013 - 17:27 | Link to Comment ghandi
ghandi's picture

Bengazi emails released at 5pm by WH.

Wed, 05/15/2013 - 17:10 | Link to Comment Aurora Ex Machina
Aurora Ex Machina's picture

You only posted that 'cause he holds no APPL, which makes Reggie super happy (and he's got my approval, Google is the right call).

Wed, 05/15/2013 - 17:12 | Link to Comment Taterboy
Taterboy's picture

When the Fed gets done Dollar General will be called "We Used To Be A Dollar".

Wed, 05/15/2013 - 17:16 | Link to Comment negative rates
negative rates's picture

What's in a name? Just about everything has been cheapened.

Wed, 05/15/2013 - 17:22 | Link to Comment css1971
css1971's picture

The new set of pumpndump ponzi stocks, that's all. If you get in early enough you can join the ramp.

Wed, 05/15/2013 - 17:27 | Link to Comment GraveyardSpiral
GraveyardSpiral's picture

 

 

OT but,

The Fed is pondering a taper,

From printing their ubiquitous paper,

Commodities will fear an assault,

As gold disappears from the vault,

Leaving us with the worlds greatest caper

- With deference to the Limerick King and @REALTICK and his "Tepper, Taper, Toilet paper" post under "Visualizing the Taper" article

Wed, 05/15/2013 - 17:28 | Link to Comment NihilistZero
NihilistZero's picture

Of topic...

Went to the DailyKos for the first time in a long time to see the libtards take on Dear Leader's Justice Department violating the constitutiomn for the umpteenth time.  The cognitive dissonance is amazing and sad.  Had to leave after a few minutes, couldn't take TeH sTooPiD anymore...

Wed, 05/15/2013 - 17:38 | Link to Comment bunnyswanson
bunnyswanson's picture

It's repulsive reading the comments of people who appear to be living in a parallel universe, supporting the very programs that are designed to dismantle soveriegn nations via a 60 year long project. 

SpreadMyPropaganda-hired help possibly, however, if you have time, use their comments as a way to reply with necessary information which negates their stance/theory so readers who are unaware of the lengths willing to go to in order to accomplish their mission. 

It is difficult to believe this could have been allowed to happen until you realize it is all "just business."  Buying the competition so they'll never face competition again.

 

Wed, 05/15/2013 - 17:42 | Link to Comment Aurora Ex Machina
Aurora Ex Machina's picture

Oppositional dualist stances when belief is involved doesn't change people's minds, it reinforces their beliefs. It's why RED-BLUE works so well.

 

Pay attention, Connor.

Wed, 05/15/2013 - 17:53 | Link to Comment Catullus
Catullus's picture

I just read it.

It was just a bunch of conjecture. Plus it ignored the report that came out.

There seem to be a lot of people there who take establishment line of "it's the law, they're just doing there jobs, if you don't like it change the law."

I'm sure Richard Nixon wondered where these "liberals" were in the 1970s.

Wed, 05/15/2013 - 19:12 | Link to Comment negative rates
negative rates's picture

If there is a law that needs to be changed, and you can not change it, you must break it.

Wed, 05/15/2013 - 18:13 | Link to Comment NihilistZero
NihilistZero's picture

I don't bother trying to enlighten anyone that far to the Left or Right.  They're so caught up in the Matrix, so conditioned for double-think, it's pointless.  If they're is anything that troubles me the most about society as is, it's the "gang mentality" as Chris Rock once put it.  Everyone needs a gang behind them.  Liberal/Conservative in politics.  Sports team worship reaching new levels of insanity (and we all pay tithes if we ave a cable bill).  So few are willing to stand independently and form their own opinions and thoughts.  With the challenging times ahead (and I'm not speaking of an apocalypse, just the deflationary spiral Ben and Co can't stop) people are either goping to have to wake up, or die off.

Wed, 05/15/2013 - 17:34 | Link to Comment Catullus
Catullus's picture

The Hess thing could be the shareholder revolt going on. Hard to imagine a worse run company. I get the proxy letters every damn day now. Childish. I hope Elliott wins.

Wed, 05/15/2013 - 19:03 | Link to Comment Ban KKiller
Ban KKiller's picture

Yeah, I second. Pump n dump. Look out below...

Wed, 05/15/2013 - 21:50 | Link to Comment JJ McApe
JJ McApe's picture

Added to stakes in International Paper

well ben and the whole world keeps printing... seems like a legit move

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