Third Point submitted its second quarter (Q2) position report (13F) until June 30, 2024.
According to the disclosure of the US Securities and Exchange Commission (SEC), billionaire investor Daniel Loeb, known as the 'Wall Street Crocodile', submitted the Q2 position report (13F) to hedge fund Third Point until June 30, 2024.
According to statistics, the total market value of Third Point's holding in Q2 was US$8.74 billion, an 11% increase from the previous quarter's total market value of US$7.85 billion. The fund added 11 stocks to its portfolio, increased positions in 5 stocks, sold out 7 stocks, and reduced positions in 8 stocks in Q2. The top ten holdings of the portfolio accounted for 64.92% of the total market value.
Among the top five heavy holdings, Amazon (AMZN.US) became the top heavy holding with 5.1 million shares held, with a market value of approximately US$0.986 billion, accounting for 11.28% of the investment portfolio, and the number of shares held unchanged from the previous quarter.
Pacific Gas and Electric Company (PCG.US) ranked second, holding 53.75 million shares with a market value of approximately US$0.938 billion, accounting for 10.74% of the investment portfolio, a decrease of 7.10% from the previous quarter's holdings.
Microsoft (MSFT.US) ranked third, holding 1.58 million shares with a market value of approximately US$0.706 billion, accounting for 8.08% of the investment portfolio, a decrease of 10.48% from the previous quarter's holdings.
Meta Platforms (META.US) and Danaher (DHR.US) ranked fourth and fifth with market values of approximately US$0.555 billion and US$0.512 billion respectively.
It is worth noting that Third Point has established positions in stocks such as Apple (AAPL.US), large connector manufacturer Amphenol (APH.US), ASML Holding (ASML.US), and Micron Technology (MU.US), and sold out positions in Goldman Sachs (GS.US), S&P Global (SPGI.US), and Marvell Technology (MRVL.US).
In terms of changes in position ratios, the top five buying targets were Apple, Amphenol, Taiwan Semiconductor (TSM.US), construction company KB Home (KBH.US), and Roper Technologies (ROP.US).
The top five selling targets were Bath & Body Works (BBWI.US), S&P Global, Google-A (GOOGL.US), Pacific Gas and Electric Company, and Microsoft.
According to the letter to shareholders published by Third Point LLC on May 1st, nearly half of the fund's latest investment portfolio is closely related to artificial intelligence (AI) technology, including Google, which leads the development of AI technology globally, and Taiwan Semiconductor, the 'world's chip foundry king'. Loeb wrote in the letter, 'Unlike during previous technology paradigm shifts, this new technology is highly favorable to old-tech companies that are using large sums of money and intellectual firepower to win the AI arms race.'