Hedge Fund Third Point LLC's 13F Q3 2022 vs. Q4 2022 Stock Holdings Report

Third Point LLC, founded by Dan Loeb in 1995, is one of the most well-known and successful hedge funds in the world. Loeb is known for his outspoken activism and sharp investment strategies, which have resulted in significant returns for the firm's investors over the years. As part of their regulatory obligations, all large investment funds are required to file a 13F report with the SEC on a quarterly basis, which discloses their stock holdings over the preceding quarter. The Q3 2022 vs. Q4 2022 13F Holdings Comparison for Third Point LLC provides insight into the fund's stock holdings and reveals changes in their portfolio over the period.

Comparison of Q3 2022 and Q4 2022 Holdings

Third Point LLC's 13F report for Q4 2022 reveals they have sold off a significant portion of their holdings in PG&E Corporation (PCG), reducing their share ownership by almost 7 million shares or 10.8%. This reduction represents a decrease in the overall value of their holdings in PCG from $960,478 to $792,500, a 21.2% change.

The fund, meanwhile, maintained their position in Colgate Palmolive Co (CL), holding 11.5 million shares worth $910,024 at the end of Q4, following an unchanged Q3. Similarly, the fund maintained its position in Danaher Corporation, holding 2.7 million shares in Q4, similar to Q3, with the holdings worth $716,634.

Third Point LLC increased their holdings in Bath & Body Works Inc (BBWI), where they added 5.6 million shares, representing an increase of 72.2% in the value of their holdings. At the end of Q4 2022, the fund's position in BBWI was worth $579,425. Additionally, they also increased their holdings in TJX Companies Inc (TJX), adding 0.9 million shares to their existing position of 0.17 million shares, representing an increase of 94% in the value of their holdings which amounted to 210,940.

Furthermore, Third Point LLC has initiated a new position in American Intl Group Inc(PGR) buying 5.1 million shares worth $322,524.They also initiated a position in Microsoft Corporation, buying 1.18 million shares worth $282,987.

SentinelOne Inc. (S) was one of the holdings that Third Point LLC reduced their stakes, selling 4.0 million shares reducing their position size by 43.7% in Q4 2022. This reduction represents a decrease in the overall value of their holdings in S from $485,640 to $214,473, a change of -55.8%.

Blue Whale Acquisition Corp (BWC) was established in Third Point's portfolio in Q4 2022, with the fund acquiring two million shares worth $19,580 

Conclusion

The 13F report provides investors with visible insights into Third Point LLC's investment strategy. We observe some of the notable additions to their holdings and reductions in their stakes, suggesting they have trimmed their exposure to some of their existing investments. It's important to note that 13F reports don't offer the full story of an investor's holdings since these are subject to change frequently, and not all investment firms report their holdings. The information presented needs to be analyzed based on each investor's investment goals, risk tolerance, and understanding of the particular stock's fundamentals.