This article is part of a series that provides an ongoing analysis of the changes made to Dan Loeb’s US stock portfolio on a quarterly basis. It is based on Third Point’s regulatory 13F Form filed on 08/11/2017. Please visit our Tracking Dan Loeb’s Third Point Portfolio series to get an idea of his investment philosophy and our last update for the fund’s moves during Q1 2017.
The 13F portfolio is very concentrated with the top three holdings accounting for ~37% of the entire portfolio. Recent 13F reports show around 35 long positions. This quarter, Loeb’s US long portfolio value increased ~10% from $10.25B to $11.28B. The number of holdings decreased from 37 to 32. Largest five individual stock positions are Baxter International, Dow Chemical, BlackRock, Alibaba Group Holdings, and Alphabet Inc.
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