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