Daniel Loeb
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.
Loeb graduated from Columbia University.
Loeb in known for collecting art, enjoying yoga and living large. Loeb spent $45 million for a 10,000 sq penthouse at 15 Central Park West.
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 ...
Daniel Loeb's Third Point LLC issued their 13F for the quarter ended March 31, 2008 a few days ago. Below are few notable trades from the filing:
Notable Raised Stakes:
Clear Channel Communications Inc. (NYSE: CCU) from 3,500,000 to 7,750,000
Covidien, Ltd. (NYSE: COV) from 325,000 to 1,600,000
Huntsman Corp. (NYSE: HUN) from 2,000,000 to 4,300,000
MeadWestvaco Corporation (NYSE: MWV) from 2,750,000 to 4,000,000 ...
Summary of Daniel Loeb's Third Point LLC 13F for the quarter ended December 31, 2007, compared to the quarter ended Sept 30, 2007.
New Stakes:
AK Steel Holding Corp. (NYSE: AKS) new 700,000 share stake
Augusta Resource Corp. (AMEX: AZC) new 1,740,000 share stake
BioMarin Pharmaceutical Inc. (Nasdaq: BMRN) new 400,000 share stake
Coherent Inc. (Nasdaq: COHR) new 1,500,000 share stake
Covidien, Ltd. (NYSE: COV) new 325,000 share stake
Genesco Inc. (NYSE: GCO) new 247,800 shares stake
GLG Partners, Inc. (NYSE: GLG) new 5,350,000 shares stake
Huntsman Corp. (NYSE: HUN) new 2,000,000 shares stake
ICICI Bank Ltd. (NYSE: IBN) 300,000 share stake
MeadWestvaco Corporation (NYSE: MWV) new 2,750,000 share stake
Motorcar Parts of America Inc. (Nasdaq: MPAA) new 1,000,000 shares stake
Plains Exploration ...
