PR Newswire
LONDON, United Kingdom, September 06
6 September 2024
Third Point Investors Limited
Monthly Update: August 2024 NAV Performance
August 2024 Performance Highlights
Full portfolio detail is available at https://www.thirdpointlimited.com/resources/portfolio-updates
Net Performance
MTD | QTD | YTD | |
Third Point Investors Ltd. (NAV)1 | 1.0% | 0.6% | 12.1% |
Third Point Investors Ltd. (Price)2 | 0.5% | -2.5% | 11.8% |
MSCI World Index (Total Return) | 2.7% | 4.5% | 17.1% |
S&P 500 (Total Return) | 2.4% | 3.7% | 19.5% |
Premium/(Discount) to NAV | (23.5%) |
Third Point Investors Ltd. Net AUM3 | $0.5 B |
The net weightings of the strategy at period-end were 72.0% in Equity, 39.1% in Credit, 8.0% in Privates and 1.3% in Other. A breakdown of positions, including major contributors and detractors, is provided below. For further detail please visit: https://www.thirdpointlimited.com/resources/portfolio-updates.
West Red Lake Gold Mines
0,4565
€
-0,76% ![]() |
EXPOSURE | GROSS MTD P&L5 | NET MTD P&L6 | GROSS YTD P&L5 | NET YTD P&L6 | |||||||||||
LONG | SHORT | NET | LONG | SHORT | NET | NET | LONG | SHORT | NET | NET | |||||
Equity | 109.6% | -37.6% | 72.0% | -0.9% | -1.6% | -2.5% | -2.6% | 13.0% | -6.1% | 6.9% | 5.8% | ||||
Credit | 39.8% | -0.7% | 39.1% | 0.3% | -0.2% | 0.1% | 0.1% | 1.5% | 0.3% | 1.8% | 1.4% | ||||
Privates | 8.0% | 0.0% | 8.0% | 3.6% | 0.0% | 3.6% | 3.6% | 4.6% | 0.0% | 4.6% | 4.5% | ||||
Other7 | 1.3% | 0.0% | 1.3% | 0.0% | 0.0% | 0.0% | 0.0% | -0.6% | -0.6% | -1.2% | -1.2% | ||||
Total | 158.7% | -38.3% | 120.4% | 3.0% | -1.9% | 1.2% | 1.1% | 18.4% | -6.4% | 12.1% | 10.5% | ||||
MTD Contributors8
Private
Pacific Gas and Electric Co. (utility company)
London Stock Exchange Group PL (financial company)
Cinemark Holdings Inc (movie theatre company)
Vistra Corp. (energy company)
MTD Detractors8
Amazon.com Inc. (e-commerce company)
Bath & Body Works Inc. (consumer goods company)
Advance Auto Parts Inc (automotive aftermarket parts company)
Ferguson Enterprises Inc. (industrials and materials company)
Alphabet Inc (internet and technology company)
YTD Contributors8
Private
Vistra Corp. (energy company)
Meta Platforms Inc. (media and internet company)
TSMC (semiconductor manufacturing company)
Pacific Gas and Electric Co. (utility company)
YTD Detractors8
Bath & Body Works Inc. (consumer goods company)
Advance Auto Parts Inc (automotive aftermarket parts company)
Glencore PLC (industrials and materials company)
DuPont de Nemours Inc. (industrials and materials company)
Short
Top Gross Equity Longs8
Pacific Gas and Electric Co. (utility company)
Amazon.com Inc. (e-commerce company)
Danaher Corp. (diversified life sciences and diagnostics company)
Covestro AG (industrials and materials company)
Microsoft Corp. (infrastructure software company)
Top Gross Corporate Credit Longs8,9
Radiate Holdco LLC (cable company)
Polaris Newco LLC (software company)
Community Health Systems Inc. (healthcare company)
CSC Holdings LLC (cable and telecommunications company)
Michaels Cos Inc/The (consumer goods company)
Press Enquiries
Buchanan PR | |||||||||||||||||||||||||||||||
Charles Rylandcharlesr@buchanan.uk.comTel: +44 (0)20 7466 5107Henry Wilsonhenryw@buchanan.uk.comTel: +44 (0)20 7466 5111Notes to EditorsAbout Third Point Investors Limitedwww.thirdpointlimited.comThird Point Investors Limited (LSE: TPOU) was listed on the London Stock Exchange in 2007 and is a feeder fund that invests in the Third Point Offshore Fund (the Master Fund), offering investors a unique opportunity to gain direct exposure to founder Daniel S. Loeb’s investment strategy. The Master Fund employs an event-driven, opportunistic strategy to invest globally across the capital structure and in diversified asset classes to optimize risk-reward through a market cycle. TPIL’s portfolio is 100% aligned with the Master Fund, which is Third Point’s largest investment strategy. TPIL’s assets under management are currently $500 million.About Third Point LLCThird Point LLC is an institutional investment manager that actively engages with companies across their lifecycle, using dynamic asset allocation and an ethos of continuous learning to drive long-term shareholder return. Led by Daniel S. Loeb since its inception in 1995, the Firm has a 47-person investment team, a robust quantitative data and analytics team, and a deep, tenured business team. Third Point manages approximately $11.3 billion10 in assets for sovereign wealth funds, endowments, foundations, corporate & public pensions, high-net-worth individuals, and employees.Footnotes
While the performance of the Funds has been compared here with the performance of well-known and widely recognized indices, the indices have not been selected to represent an appropriate benchmark for the Funds whose holdings, performance and volatility, among other things, may differ significantly from the securities that comprise the indices. The indices include the reinvestment of dividends, interest and other earnings and have not been adjusted for management fees or expenses. Investors cannot invest directly in an index (although one can invest in an index fund designed to closely track such index). Past performance is not necessarily indicative of future results. All information provided herein is for informational purposes only and should not be deemed as a recommendation to buy or sell securities. All investments involve risk including the loss of principal. This transmission is confidential and may not be redistributed without the express written consent of Third Point LLC and does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product. Any such offer or solicitation may only be made by means of delivery of an approved confidential offering memorandum. The Company has not been and will not be registered under the US Investment Company Act of 1940, as amended (the “Investment Company Act”). In addition, the shares in the Company have not been and will not be registered under the US Securities Act of 1933, as amended (the “Securities Act”). Consequently, shares in the Company may not be offered, sold or otherwise transferred within the United States or to, or for the account or benefit of, US Persons (as defined in the Securities Act). No public offering of any shares in the Company is being, or has been, made in the United States. Information provided herein, or otherwise provided with respect to a potential investment in the Funds, may constitute non-public information regarding Third Point Investors Limited, a feeder fund listed on the London Stock Exchange, and accordingly dealing or trading in the shares of the listed instrument on the basis of such information may violate securities laws in the United Kingdom, United States and elsewhere. |
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