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Third Point Management Company - Investor Profile
Primary Address: | Investor Information: | |
| 390 Park Avenue | Total AUM ($MM): | 2,231 |
| 18th Floor | Equity AUM ($MM): | 1,403 |
| New York, NY 10022 | Investment Style: | Value |
| United States | Orientation: | Shareholder Activist |
| Phone: 212-224-7400 | Investor Type: | Hedge Fund Manager |
| Fax: 212-224-7401 | ||
Institutional Investor Background
Third Point Management Company is a hedge fund manager founded in 1995 by Chief Executive Officer Daniel S. Loeb with a focus on activist investing. The firm's hedge funds include Third Point Partners, Third Point Opportunities Master Fund, Third Point Ultra Master Fund and Third Point Resources. The firm's venture capital arm, Third Point Ventures, is based in Sunnyvale, California and invests in early stage tech alternative energy, and clean tech companies. Third Point Ventures is led by Robert Schwartz who has more than 25 years of experience in private equity and technology company management. Third Point Management is based in New York, with additional offices in Los Angeles, Hong Kong, Bangalore and London.
Founders and Key Executives of Third Point Management Company: Daniel Loeb; Robert Schwartz; Tim Lash; James L. Carruthers
Entities related to Third Point Management Company: Third Point LLC; Third Point Opportunities Master Fund LP; Third Point Resources LP; Third Point Ultra Master Fund LP; Third Point Ventures
*Denotes that the person or entity is no longer related to the firm. **If you would like to submit investor updates, please click here
Third Point Management Company's Top 10 Equity Holdings (as of 2011-12-31)
Third Point Management Company's Top 10 Equity Holdings (as of 2011-12-31)
| Value | ||||
| Company (Ticker) | ($MM) | Shares | Change | % Out |
| Yahoo Inc (YHOO) | 903.29 | 56,000,700 | 8,000,700 | 4.37 |
| Sara Lee Corp (SLE) | 147.58 | 7,800,000 | 1,000,000 | 1.33 |
| El Paso Corp (EP) | 147.46 | 5,550,000 | -1,450,000 | 0.72 |
| Marvell Technology Group Ltd (MRVL) | 138.50 | 10,000,000 | 10,000,000 | 1.54 |
| Dish Network Corporation (DISH) | 113.92 | 4,000,000 | 4,000,000 | 0.90 |
| Mead Johnson Nutrition Co (MJN) | 89.35 | 1,300,000 | 200,000 | 0.64 |
| Gilead Sciences Inc (GILD) | 77.77 | 1,900,000 | 700,000 | 0.24 |
| Plains Exploration & Production Co (PXP) | 77.11 | 2,100,000 | 2,100,000 | 1.49 |
| Sunoco Inc (SUN) | 74.66 | 1,820,000 | -80,000 | 1.50 |
| Big Lots Inc (BIG) | 62.30 | 1,650,000 | -250,000 | 2.46 |
 |  | View Sample Report |
Articles Related to Third Point Management Company
Third Point continues to fight Yahoo for Board seats | ||
| Date: April 3rd, 2012 | ||
| Daniel Loeb, the prominent shareholder activist and founder of hedge fund Third Point Management, has vowed to continue fighting Yahoo after Yahoo’s... | ||
Third Point’s Daniel Loeb searching for Yahoo Gold | ||
| Date: September 26th, 2011 | ||
| With constant rumors swirling throughout Wall Street and Silicon Valley, it seems even more apparent that the independent days of the troubled internet... | ||
Timing is everything, Munib Islam Returns to Daniel Loeb’s Third Point Partners | ||
| Date: May 20th, 2011 | ||
| After jumping ship in 2008 to join JP Morgan’s Highbridge Capital Management, Munib Islam returns to Third Point Partners, the $7.2 billion, peer-topping... | ||
Hedge funds flat in March, Fortress Investment Group & BlueGold Capital outperform | ||
| Date: April 12th, 2011 | ||
| Hennessee Group LLC announced yesterday that its hedge fund index was up just 0.23% in March and 2.35% year-to-date. In comparison, the Standard & Poor’s... | ||
Third Point’s Daniel Loeb discusses portfolio adjustments and the SEC’s dropped investigation | ||
| Date: June 26th, 2010 | ||
| Hedge fund manager Third Point Management recently sent out its investor letter for the first quarter of 2010. CEO Daniel S. Loeb opened the update with... | ||
Hedge Funds post Mixed Results; Third Point, Tremblant Partners & Pershing Square among Winners | ||
| Date: March 22nd, 2010 | ||
| Hennessee Group has released its most recent hedge fund index results, revealing that the “global equity markets were mixed in February, with the U.S.... | ||
Hedge Funds Distance Themselves from Stevie Cohen as Cohen’s Ex-Wife Alleges Insider Trading | ||
| Date: December 20th, 2009 | ||
| Prominent hedge funds, including Blue Ridge Capital, Greenlight Capital, Third Point Management Company, Glenview Capital Management, and Maverick Capital,... | ||
Icahn, Highside, & Greenlight Blind-Sided, Memo States that Guaranty Bank may be Seized | ||
| Date: August 4th, 2009 | ||
| Reports have arisen suggesting that the FDIC will seize troubled Texas-based Guaranty Bank (NYSE: GFG). According to an article by Teri Buhl on Goingconcern.com,... | ||
Third Point’s Loeb has a Brighter Outlook | ||
| Date: May 1st, 2009 | ||
| The New York Times DealBook got a hold of hedge fund Third Point Management Co’s most recent investor letter and reports that the hedge fund’s founder... | ||
Third Point targets the Phoenix Cos | ||
| Date: July 22nd, 2008 | ||
| Daniel Loeb of Third Point has targeted The Phoenix Cos, an insurance company. He has called for the removal of its CEO, Dona Young. He believes that... | ||
