Dan Loeb Slashes His Airgas Stake And Bets Big On Energy

Dan Loeb Third Point

Photo: 1440wallstreet.com

Third Point’s latest 13f-HR is out and it looks like he’s betting big on energy, with four out of his top five holdings (by market value) energy related.He did however, slash his stake in Airgas — in Q3 it was Third Point’s number 3 holding¬†— by 73%.

Meanwhile, he’s still bullish on Potash.

As for healthcare, he increased his Alcon stock and his Health Net stake remained the same — still squeezing into the hedge fund’s top 10 holdings.

Third Point sold off:

  • AIRGAS ~ $26 million (- 1,100,000 shares)

Third Point opened stakes in:

  • LYONDELLBASELL INDUSTRIES ~$165 million ( ~4,500,000 shares)
  • MASSEY ENERGY COMPANY ~ $126 million¬† (2,000,000 shares)
  • WILLIAMS ~ $108 million ( 4,000,000 shares)
  • LENDER PROCESSING ~$59 million¬† (1,800,000 shares)

Third Point bought more of:

  • POTASH ~$226 million (added 200,000 shares to take stake to 1,200,000 shares)
  • ALCON ~$131 million (added 100,000 shares to take stake to 800,000 shares)
  • APPLE ~$57 million (added 10,000 shares to take stake to 160,000 shares)

The hedge fund’s 10 Largest Holdings are now:

  1. Potash
  2. Lyondell
  3. Alcon
  4. Massey
  5. Williams
  6. Smurfit Stone
  7. PHH Corp
  8. Health Net
  9. NXP Semiconductors
  10. CIT

Here’s Third Point’s Latest 13f for Q4, 2010 >

Here’s Third Point’s 13f for Q3, 2010 >

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