Daniel Loeb - Third Point 13F Activity & Position Changes (Q4 2018)

According to the SEC 13F filed on Aug 14, 2026, the Third Point portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2018. 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 Q4 2018, the filing reported:

New Buys - The Cigna Group

Increases - The Campbell's Company, Salesforce, Inc., IQVIA Holdings, Inc.

Reductions - American Express Company, Baxter International Inc., Danaher Corporation, Dover Corporation, Merck & Company, Inc., and 5 more

Complete Exits - Alibaba Group Holding Limited, Deere & Company, Diamondback Energy, Inc., Lennar Corporation, Marathon Petroleum Corporation, and 2 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
Q4 2018	AXP American Express Company	American Express Company	Sell	-2,100,000	-42.0%	$276.43K	2,900,000
Q4 2018	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Sell - Position Exit	-4,045,000	-100.0%	$0.00	-
Q4 2018	BAX Baxter International Inc.	Baxter International Inc.	Sell	-8,000,000	-22.2%	$1.84M	28,000,000
Q4 2018	CI The Cigna Group	The Cigna Group	Buy - Position Entry	+575,000	-	$109.20K	575,000
Q4 2018	CPB The Campbell's Company	The Campbell's Company	Buy	+3,000,000	+16.7%	$692.79K	21,000,000
Q4 2018	CRM Salesforce, Inc.	Salesforce, Inc.	Buy	+675,000	+135.0%	$160.94K	1,175,000
Q4 2018	DE Deere & Company	Deere & Company	Sell - Position Exit	-1,350,000	-100.0%	$0.00	-
Q4 2018	DHR Danaher Corporation	Danaher Corporation	Sell	-140,000	-4.3%	$320.70K	3,110,000
Q4 2018	DOV Dover Corporation	Dover Corporation	Sell	-3,385,000	-84.6%	$43.63K	615,000
Q4 2018	FANG Diamondback Energy, Inc.	Diamondback Energy, Inc.	Sell - Position Exit	-500,000	-100.0%	$0.00	-
Q4 2018	IQV IQVIA Holdings, Inc.	IQVIA Holdings, Inc.	Buy	+130,000	+8.7%	$189.36K	1,630,000
Q4 2018	LEN Lennar Corporation	Lennar Corporation	Sell - Position Exit	-5,170,000	-100.0%	$0.00	-
Q4 2018	MPC Marathon Petroleum Corporation	Marathon Petroleum Corporation	Sell - Position Exit	-3,500,000	-100.0%	$0.00	-
Q4 2018	MRK Merck & Company, Inc.	Merck & Company, Inc.	Sell	-1,725,000	-38.3%	$212.04K	2,775,000
Q4 2018	MSFT Microsoft Corporation	Microsoft Corporation	Sell - Position Exit	-4,100,000	-100.0%	$0.00	-
Q4 2018	NFLX Netflix, Inc.	Netflix, Inc.	Sell - Position Exit	-1,250,000	-100.0%	$0.00	-
Q4 2018	PYPL PayPal Holdings, Inc.	PayPal Holdings, Inc.	Sell	-5,025,000	-55.5%	$338.46K	4,025,000
Q4 2018	SHY iShares 1-3 Year Treasury Bond	iShares 1-3 Year Treasury Bond	Sell	-2,646	-6.2%	$3.34K	39,896
Q4 2018	SPGI S&P Global Inc.	S&P Global Inc.	Sell	-184,900	-18.8%	$135.95K	800,000
Q4 2018	STZ Constellation Brands, Inc.	Constellation Brands, Inc.	Sell	-650,000	-27.1%	$281.44K	1,750,000
Q4 2018	V Visa Inc.	Visa Inc.	Sell	-200,000	-11.8%	$197.91K	1,500,000