The third quarter 13F filing for Dan Loeb’s Third Point show that the firm purchased 11 stocks, added to another 18 stocks, and sold out of 12 stocks. The firm also reduced its holdings in 10 stocks.
Additions And Increases”
In the third quarter American International Group, Inc. (NYSE:AIG) continued to be a major player for Third Point as the firm added more than 21 million additional shares to its holdings.. Third Point’s other top holdings include tech stocks Yahoo! Inc. (NASDAQ:YHOO) and Apple Inc. (NASDAQ:AAPL), both of which it increased.
Relying On Old-Fashioned Stock Picking, Lee Ainslie Reports His “Strongest Quarter” Ever
Lee Ainslie's Maverick Fund USA enjoyed its "strongest quarter in the fund's history" during the three months to the end of June. According to a copy of the firm's second-quarter letter to investors, which ValueWalk has been able to review, Maverick Fund USA gained 18% in the second quarter. Following this performance, the fund was Read More
Sell-Offs And Reductions:
The firm sold out of J.C. Penney Company, Inc. (NYSE:JCP) and DISH Network Corp. (NASDAQ:DISH).