Loeb's Third Point Q4 13F Breakdown: Ups Bets In Financials, Exits Large Pharma

FREE Breaking News Alerts from StreetInsider.com!

AMD Hot Sheet

Overall Analyst Rating:
NEUTRAL (

Hedge fund titan Daniel S. Loeb released the 13F for his Third Point LLC fund for the quarter ended December 31, 2009 after the close.

The value of the disclosed portfolio is down from $1.25 billion at September 30, 2009 to $1.03 billion at December 31, 2009, but it should be noted that cash, short positions and various other securities are not required to be disclosed in the 13F filing.

During the quarter, Daniel S. Loeb greatly increased his exposure to the U.S. financial sector while lower risk to pharmaceuticals - raising his stakes in Bank of America units, CIT Group, and Citigroup, and exiting from Pfizer.

Below a full summary of his/her notable moves:

Notable New Stakes:

Advanced Micro Devices Inc. (NYSE: AMD) of 1,500,000 shares
Affiliated Computer Services, Inc. (NYSE: ACS) of 800,000 shares
CIT Group, Inc. (NYSE: CIT) of 1,750,000 shares (likely related to conversion of debt to equity on emergence from bankruptcy)
Citigroup, Inc. (NYSE: C) of 25,000,000 shares
The DIRECTV Group, Inc. (NYSE: DTV) of 700,000 shares
Emmis Communications Preferred (NASDAQ: EMMSP) of 206,000 shares
Energy Partners Ltd. (NYSE: EPL) of 3,305,000 shares
Life Partners Holdings Inc. (NASDAQ: LPHI) of 250,000 shares
Mead Johnson Nutrition Company (NYSE: MJN) of 1,000,000 shares
Pain Therapeutics Inc. (NASDAQ: PTIE) 1,000,000 shares
TCW Strategic Income Fund, Inc. (NYSE: TSI) of 500,000 shares
Xerox Corp. (NYSE; XRX) of 4,000,000 shares
Yahoo! Inc. (NASDAQ: YHOO) of 1,000,000 shares

Raised Stakes:

Bank of America (NYSE: BAC) from 3,000,000 common shares to 4,700,000 units
CapitalSource Inc. (NYSE: CSE) from 2,050,000 shares to 2,350,000 shares
Coinstar Inc. (NASDAQ: CSTR) from 300,000 shares to 850,000 shares
PHH Corporation (NYSE: PHH) from 4,480,000 shares to 4,880,000 shares
TransDigm Group Incorporated (NYSE: TDG) from 1,000,000 shares to 1,800,000 shares
WellPoint Inc. (NYSE: WLP) from 800,000 to 1,100,000 shares

Notable Maintained Stakes:

Barclays plc (NYSE: BCS) at 250,000 shares
BioFuel Energy Corp. (NASDAQ: BIOF) at 5,578,800 shares
Cablevision Systems Corporation (NYSE: CVC) at 1,500,000 shares
Dana Holding Corporation (NYSE: DAN) at 1,600,000 shares
DepoMed Inc. (NASDAQ: DEPO) at 6,790,000 shares
Health Net Inc. (NYSE: HNT) at 3,000,000 shares
Ligand Pharmaceuticals Inc. (NASDAQ: LGND) at 2,007,378 shares
Nabi Biopharmaceuticals (NASDAQ: NABI) at 6,890,000 shares
Pepsi Bottling Group Inc. (NYSE: PBG) at 400,000 shares
PepsiAmericas Inc. (NYSE: PAS) at 500,000 shares
Phoenix Companies Inc. (NYSE: PNX) at 6,974,000 shares
Vantage Drilling Company (NYSE: VTG) at 1,875,000 shares

Notable Lowered Stakes:

Alkermes, Inc. (NASDAQ: ALKS) from 500,000 shares to 0 shares
American Water Works Company, Inc. (NYSE: AWK) from 1,000,000 to 250,000 shares
Allergan Inc. (NYSE: AGN) from 500,000 shares to 0 shares
Anadarko Petroleum Corp. (NYSE: APC) from 300,000 shares to 0 shares
Apple, Inc. (NASDAQ: AAPL) from 150,000 shares to 0 shares
Bank of America (NYSE: BAC) from 3,000,000 shares to 0 shares
Blockbuster Inc. (NYSE: BBI) from 3,000,000 shares to 0 shares
Blockbuster, Inc. CL 'B' (NYSE: BBI.B) from 1,000,000 shares to 0 shares
CareFusion Corporation (NYSE: CFN) from 900,000 shares to 0 shares
CF Industries Holdings, Inc. (NYSE: CF) from 800,000 shares to 0 shares
First American Corp. (NYSE: FAF) from 575,000 share to 0 shares
Greenlight Capital Re, Ltd. (NASDAQ: GLRE) from 718,500 shares to 330,000 shares
Hewlett-Packard, Co. (NYSE: HPQ) from 600,000 shares to 300,000 shares
Hicks Acquisition Company I, In (AMEX: TOH-UN) from 1,000,000 shares to 0 shares
Liberty Acquisition Holdings Corp. (NYSE: LIA) from 6,914,000 shares to 0 shares
Liberty Media Corporation (NASDAQ: LSTZB) from 700,000 to 345,000 shares
Lions Gate Entertainment Corp. (NYSE: LGF) from 2,750,000 shares to 0 shares
Loral Space & Communications, Inc. (NASDAQ: LORL) from 377 shares to 0 shares
Molson Coors Brewing Company (NYSE: TAP) from 800,000 shares to 0 shares
Oracle Corp. (NASDAQ: ORCL) from 500,000 to 0 shares
Pfizer Inc. (NYSE: PFE) from 2,300,000 shares to 0 shares
Popular Inc. (NASDAQ: BPOP) from 17,750,000 to 10,000,000 shares
Schering Plough Corp (NYSE: SGP) from 1,000,000 shares to 0 shares (being acquired by Merck)
Synaptics Inc. (NASDAQ: SYNA) from 550,000 shares to 0 shares