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

As of Dec 31, 2018, the Third Point portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2026. 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