Loeb's Third Point Buys Into Starwood (HOT) and Tibco (TIBX), Dumps Yahoo! (YHOO)

August 15, 2008 1:32 PM EDT

Daniel Loeb's Third Point LLC released its 13F for the quarter ended June 30, 2008. Notably, Loeb showed new stakes in Orion Marine Group (Nasdaq: OMGI), Starwood Hotels (NYSE: HOT), Teradata (NYSE: TDC) and Tibco (Nasdaq: TIBX), among others. Loeb also doubled his stake in Plains Exploration (NYSE: PXP). Loeb got rid of his stakes in Atmel (Nasdaq: ATML), Yahoo! (Nasdaq: YHOO) and Mylan (NYSE: MYL), among others. Below is the full summary:

New Stakes:
American Superconductor Corporation (Nasdaq: AMSC) 335,000 shares
Cabot Corp. (NYSE: CBT) 465,000 shares
Canadian Natural Resources Limited (NYSE: CNQ) 300,000 shares
Chesapeake Energy Corp. (NYSE: CHK) 500,000 shares
Comstock Resources Inc. (NYSE: CRK) 250,000 shares
ENERGY XXI LTD (Nasdaq: EXXI) 19,561,800 shares
Orion Marine Group, Inc (Nasdaq: OMGI) 1,144,700 shares
Petrohawk Energy Corp. (NYSE: HK) 800,000 shares
Petroleo Brasileiro (NYSE: PBR) 500,000 shares
Public Service Enterprise Group Inc. (NYSE: PEG) 2,150,000 shares
SandRidge Energy, Inc. (SD) 1,000,000 shares
SPDRs (AMEX: SPY) 458,400 shares
St. Mary Land & Exploration Co. (NYSE: SM) 650,000 shares
Starwood Hotels (NYSE: HOT) 425,000 shares
TELEPHONE & DATA SYS (NYSE: TDI) 520,000 shares
Teradata Corporation (NYSE: TDC) 2,300,000 shares
Tibco Software Inc. (Nasdaq: TIBX) 3,700,000 shares
XTO Energy Inc. (NYSE: XTO) 300,000 shares

Raised Stakes
AK Steel (NYSE: AKS) from 500,000 to 1,000,000 shares
American Eagle Outfitters Inc. (NYSE: AEO) from 4,300,000 to 5,000,000
BioFuel Energy Corp. (Nasdaq: BIOF) from 1,250,000 to 5,578,800
EMCORE Corp. (Nasdaq: EMKR) from 250,000 to 750,000
Leap Wireless International Inc. (Nasdaq: LEAP) from 2,000,000 to 2,600,000
Maguire Properties Inc. (NYSE: MPG) from 3,350,000 to 4,225,000
PHH Corporation (NYSE:PHH) from 1,900,000 to 2,000,000
PHOENIX COS (OTC: PNXZL) from 4,400,000 to 5,690,000
Plains Exploration (NYSE: PXP) from 2,050,000 to 4,099,999
Questar Corp. (NYSE: STR) from 3,500,000 to 3,900,000
Thompson Creek Metals Company Inc. (NYSE: TC) from 3,100,000 to 4,100,000

Lowerd Stakes:
Applied Biosystems Inc. (NYSE: ABI) from 575,000 to 0
Atmel (Nasdaq: ATML) from 10,000,000 to 0
BCE (NYSE: BCE) from 500,000 to 0
Capitol Acquisition Corp. (AMEX: CLA) from 450,000 to 0
Canadian Imperial Bank of Commerce (NYSE: CM) from 119,800 to 0
Chipotle Mexican Grill, Inc. (NYSE: CMG) from 110,000 to 0
Coherent Inc. (Nasdaq: COHR) from 200,000 to 0
Cypress Semiconductor Corporation (NYSE: CY) from 4,800,000 to 0
Daimler AG (NYSE: DAI) from 487,000 to 0
Flow International Corp. (Nasdaq: FLOW) from 5,060,000 to 4,560,000
Gentium S.p.A (Nasdaq: GENT) from 543,000 to 0
GLG Partners, Inc. (NYSE: GLG) from 4,525,000 to 3,000,000
Huntsman Corp. (NYSE: HUN) from 4,300,000 to 0
ImClone (Nasdaq: IMCL) from 635,000 to 0
Mastercard Incorporated (NYSE: MA) from 1,600,000 to 1,500,000
MeadWestvaco Corporation (NYSE: MWV) from 4,000,000 to 2,500,000
Mirant Corp. (NYSE: MIR) from 2,400,000 to 0
Motorcar Parts of America Inc. (Nasdaq: MPAA) from 1,000,000 to 986,700
Mylan (NYSE: MYL) from 4,100,000 to 0
Overture Acquisition Corp (AMEX: NLX) from 500,000 to 0
UltraShort QQQ ProShares (AMEX: QID) from 350,000 to 0
Safeway Inc. (NYSE: SWY) from 1,200,000 to 1,000,000
SiRF Technology Holdings Inc. (Nasdaq: SIRF) from 3,000,000 to 2,750,000
SPDR Gold Shares (AMEX: GLD) from 200,000 to 0
Sunoco Inc. (NYSE: SUN) from 325,000 to 0
Swift Energy Co. (NYSE: SFY) from 100,000 to 0
Triplecrown Acquisition Corp. (AMEX: TCW) from 2,750,000 to 0
Yahoo! (Nasdaq: YHOO) 1,000,000 to 0

Maintained Stakes:
Abraxas Petroleum Corp. (Nasdaq: AXAS) 1,207,572 shares
Augusta Resource Corp. (AMEX: AZC) 1,740,000 shares
Clear Channel Communications Inc. (NYSE: CCU) 1,000,000 shares
Core Mark (OTC: CMRKW) 1,064,200 shares
Covidien, Ltd. (NYSE: COV) 1,600,000 shaes
DepoMed Inc. (Nasdaq: DEPO) 7,050,000 shares
EnPro Industries, Inc. (NYSE: NPO) 850,000 shares
Entertainment Distribution Company, Inc. (Nasdaq: EDCI) 1,550,000 shares
EXCO Resources Inc. (NYSE: XCO) 4,500,000 shares
Greenlight Capital Re, Ltd. (Nasdaq: GLRE) 750,000 shares
Horsehead Holding Corp. (Nasdaq: ZINC) 2,375,000 shares
Ligand Pharmaceuticals Inc. (Nasdaq: LGND) 2,007,378 shares
Loral Space (Nasdaq: LORL) 110,000 shares
Massey Energy Co. (NYSE: MEE) 1,624 shares
Microsoft (Nasdaq: MSFT) 6,850,000 shares
Nabi (Nasdaq: NABI) 6,890,000 shares
Progressive Gaming International Corporation (Nasdaq: PGIC) 4,000,000 shares
Orient-Express Hotels Ltd. (NYSE: OEH) 450,000 shares
OSI Systems, Inc. (Nasdaq: OSIS) 204,495 shares
Target Corp. (NYSE: TGT) 418,700 shares
Trian Acquisition I Corp. (TNYSE: UX) 1,000,000 shares
TXCO Resources, Inc. (Nasdaq: TXCO) 2,820,000 shares
Vanguard Natural Resources, LLC (NYSE: VNR) 1,030,500 shares
Vantage Energy Services, Inc. (NYSE: VTG) 1,875,000 shares

Daniel S. Loeb runs $4.5 billion New York-based hedge fund Third Point LLC, which he founded in 1995. Loeb is known for his scathing letters to companies, in which he often criticizes management and pushes for changes. He has focused on investments in biotech and oil/gas, among other areas. Loeb is considered an activist investor, but also has many passive investments.

You can also track all Third Point LLC related news at StreetInsider.com here. StreetInsider.com Premium members can get e-mail alerts when there is new Third Point LLC news.

Create E-mail AlertRelated Categories

Insiders' Blog
Trader Talk

Stocks Mentioned

Related Entities

• Daniel Loeb
• Nelson Peltz
• Trian Fund
• Greenlight Capital
• David Einhorn
• CIBC
• Third Point LLC
• GLG Partners

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?