Daniel Loeb - Third Point 13F Activity & Position Changes (Q1 2014)

According to the SEC 13F filed on Aug 14, 2026, the Third Point portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2014. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2014, the filing reported:

New Buys - American Airlines Group, Inc., Anheuser-Busch Inbev SA Sponsor, Citigroup, Inc., CF Industries Holdings, Inc., H&R Block, Inc., and 6 more

Increases - Coterra Energy Inc., Dollar General Corporation, T-Mobile US, Inc., Williams Companies, Inc. (The)

Reductions - American International Group, I, Baidu, Inc., EQT Corporation, FedEx Corporation, International Paper Company, and 2 more

Complete Exits - Apple Inc., Abbott Laboratories, BlackBerry Limited, Gilead Sciences, Inc., Marathon Petroleum Corporation, and 1 more

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2014	AAL American Airlines Group, Inc.	American Airlines Group, Inc.	Buy - Position Entry	+2,700,001	-	$98.82K	2,700,001
Q1 2014	AAPL Apple Inc.	Apple Inc.	Sell - Position Exit	-100,000	-100.0%	$0.00	-
Q1 2014	ABT Abbott Laboratories	Abbott Laboratories	Sell - Position Exit	-3,250,000	-100.0%	$0.00	-
Q1 2014	AIG American International Group, I	American International Group, I	Sell	-1,500,000	-20.0%	$300.06K	6,000,000
Q1 2014	BB BlackBerry Limited	BlackBerry Limited	Sell - Position Exit	-10,000,000	-100.0%	$0.00	-
Q1 2014	BIDU Baidu, Inc.	Baidu, Inc.	Sell	-250,000	-41.7%	$53.29K	350,000
Q1 2014	BUD Anheuser-Busch Inbev SA Sponsor	Anheuser-Busch Inbev SA Sponsor	Buy - Position Entry	+1,350,000	-	$142.16K	1,350,000
Q1 2014	C Citigroup, Inc.	Citigroup, Inc.	Buy - Position Entry	+2,000,000	-	$95.20K	2,000,000
Q1 2014	CF CF Industries Holdings, Inc.	CF Industries Holdings, Inc.	Buy - Position Entry	+966,500	-	$251.91K	966,500
Q1 2014	CTRA Coterra Energy Inc.	Coterra Energy Inc.	Buy	+1,500,000	+50.0%	$152.46K	4,500,000
Q1 2014	DG Dollar General Corporation	Dollar General Corporation	Buy	+750,000	+33.3%	$166.44K	3,000,000
Q1 2014	EQT EQT Corporation	EQT Corporation	Sell	-150,000	-14.3%	$87.27K	900,000
Q1 2014	FDX FedEx Corporation	FedEx Corporation	Sell	-500,000	-20.0%	$265.12K	2,000,000
Q1 2014	GILD Gilead Sciences, Inc.	Gilead Sciences, Inc.	Sell - Position Exit	-1,500,000	-100.0%	$0.00	-
Q1 2014	HRB H&R Block, Inc.	H&R Block, Inc.	Buy - Position Entry	+3,500,000	-	$105.67K	3,500,000
Q1 2014	IP International Paper Company	International Paper Company	Sell	-1,000,000	-25.0%	$137.64K	3,000,000
Q1 2014	LNG Cheniere Energy, Inc.	Cheniere Energy, Inc.	Sell	-200,000	-6.2%	$166.05K	3,000,000
Q1 2014	MAS Masco Corporation	Masco Corporation	Buy - Position Entry	+4,750,000	-	$105.50K	4,750,000
Q1 2014	MDLZ Mondelez International, Inc.	Mondelez International, Inc.	Buy - Position Entry	+1,500,000	-	$51.83K	1,500,000
Q1 2014	MPC Marathon Petroleum Corporation	Marathon Petroleum Corporation	Sell - Position Exit	-1,000,000	-100.0%	$0.00	-
Q1 2014	N6596X109 NXP Semiconductors	NXP Semiconductors	Sell - Position Exit	-1,000,000	-100.0%	$0.00	-
Q1 2014	ROP Roper Technologies, Inc.	Roper Technologies, Inc.	Buy - Position Entry	+1,150,000	-	$153.54K	1,150,000
Q1 2014	STZ Constellation Brands, Inc.	Constellation Brands, Inc.	Sell	-50,000	-2.5%	$165.69K	1,950,000
Q1 2014	TMUS T-Mobile US, Inc.	T-Mobile US, Inc.	Buy	+1,875,000	+24.6%	$313.79K	9,500,000
Q1 2014	VYX NCR Voyix Corporation	NCR Voyix Corporation	Buy - Position Entry	+1,500,000	-	$54.83K	1,500,000
Q1 2014	VZ Verizon Communications Inc.	Verizon Communications Inc.	Buy - Position Entry	+3,500,000	-	$166.50K	3,500,000
Q1 2014	WMB Williams Companies, Inc. (The)	Williams Companies, Inc. (The)	Buy	+750,000	+17.6%	$202.90K	5,000,000
Q1 2014	YPF YPF Sociedad Anonima	YPF Sociedad Anonima	Buy - Position Entry	+2,650,000	-	$82.57K	2,650,000