Dan Loeb

Third Point’s AUM has hit another record in January. According to a letter obtained by ValueWalk, AUM for the value oriented hedge fund has hit $11.2 billion. That number is an increase of $1.1 billion from December 2012 (just one month ago). The flagship hedge fund has assets of $5.55 billion.

Dan Loeb’s hedge fund was up 4.8% in the month of January. That strong performance comes on top of an impressive 21% return in 2012.

The top winners of the month was an unspecified Japanese macro position. The second largest gainer was Dan Loeb’s relatively new stake in Morgan Stanley (NYSE: MS).

The third biggest gainer in January 2013 was Dan Loeb’s well publicized position in Herbalife Ltd. (NYSE: HLF). Herbalife shares were up approximately 26% in the month of January. Loeb disclosed an 8.2% stake in Herbalife according to a form 13G filed on January 9th. The filing showed a purchase around January 3rd of  8,900,000 shares in the company. Bill Ackman’s Pershing Square has a $1 billion bet against HLF.

The fourth biggest gainer was American International Group, Inc. (NYSE: AIG), and the fifth biggest winner was Loeb’s position in Greek Government bonds,

The top positions for Third Point in descending order, Yahoo! Inc. (NASDAQ: YHOO),  American International Group, Inc. (NYSE: AIG), Gold, Ally Financial and Greek Government bonds.

The full letter with more information can be found below:

Third Point Hedge fund January letter 2013 by ValueWalk.com

Sign Up For Our Free Newsletter and like our Facebook page for latest news updates and leaks. ValueWalk’s Under The Radar Hedge Fund Ideas Is Only $49.99 (CLICK HERE! IT'S LIMITED TIME OFFER)