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Hedge Fund
FINANCE | Insurance / Reinsurance
thirdpoint.com

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Investments

72

Portfolio Exits

21

Funds

1

Partners & Customers

2

Service Providers

3

About Third Point

Third Point is a registered investment adviser based in New York.

Third Point Headquarters Location

390 Park Avenue

New York, New York, 10022,

United States

212-715-6707

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Third Point Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Third Point Rank

Latest Third Point News

Third Point eyes nearly US$1bil stake in Disney

Aug 17, 2022

Changing landscape: Visitors at a Shanghai Disneyland theme park. Third Point plans to push the company to make a string of changes. —Bloomberg NEW YORK: Hedge fund Third Point has disclosed a stake of roughly US$1bil (RM4.46bil) in Walt Disney Co and said it plans to push the media company to make a string of changes, from spinning off cable sports channel ESPN to buying back shares and adding new board members. Billionaire investor Daniel Loeb, who runs Third Point, made a U-turn on Disney when he built a new stake in the second quarter, not long after exiting his position months earlier when fears about rising prices and faster interest rate hikes sparked a sharp market sell-off. Now Third Point, owning roughly 0.4% of the company known for its theme parks and movies like Aladdin and Frozen, is back with praise for the company’s CEO, Robert Chapek, and a list of initiatives he and the board should pursue to boost growth. “Our confidence in Disney’s current trajectory is such that we have, in recent weeks, repurchased a significant stake in the company,” Loeb wrote to Chapek in a letter seen by Reuters. Loeb wrote after Disney said quarterly profit jumped 50% and its streaming subscriptions overtook Netflix’s. Chapek has weathered criticism in Hollywood over a 2021 dispute with Scarlett Johansson, the star of the Marvel film Black Widow, and a political storm over the company’s response to a new education law in Florida, where the company employs some 80,000 people. Disney initially kept quiet about the measure, which limits classroom discussion of gender identity and sexual orientation, prompting criticism from that community and some employees. It later condemned the law, causing Florida governor Ron DeSantis to rail against “Woke Disney.” — Reuters Article type: free

Third Point Investments

72 Investments

Third Point has made 72 investments. Their latest investment was in The Walt Disney Company as part of their PIPE on August 8, 2022.

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Third Point Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/15/2022

PIPE

The Walt Disney Company

Yes

2

3/11/2022

Series D

ConsenSys

$450M

No

60

11/17/2021

Series C

ConsenSys

$200M

Yes

30

11/8/2021

PIPE

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10

11/2/2021

Series D

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$99M

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10

Date

8/15/2022

3/11/2022

11/17/2021

11/8/2021

11/2/2021

Round

PIPE

Series D

Series C

PIPE

Series D

Company

The Walt Disney Company

ConsenSys

ConsenSys

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Amount

$450M

$200M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

2

60

30

10

10

Third Point Portfolio Exits

21 Portfolio Exits

Third Point has 21 portfolio exits. Their latest portfolio exit was Rivian on November 10, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/10/2021

IPO

$99M

Public

8

10/21/2021

IPO

$99M

Public

20

6/1/2021

Reverse Merger

$99M

20

12/16/2020

IPO

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$99M

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10

3/29/2019

IPO

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$99M

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10

Date

11/10/2021

10/21/2021

6/1/2021

12/16/2020

3/29/2019

Exit

IPO

IPO

Reverse Merger

IPO

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

Public

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Sources

8

20

20

10

10

Third Point Acquisitions

2 Acquisitions

Third Point acquired 2 companies. Their latest acquisition was Variety on October 10, 2012.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/10/2012

$99M

Acq - Fin

5

2/16/2004

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$99M

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0

Date

10/10/2012

2/16/2004

Investment Stage

Companies

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Valuation

$99M

$99M

Total Funding

Note

Acq - Fin

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Sources

5

0

Third Point Fund History

1 Fund History

Third Point has 1 fund, including Third Point Ventures.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Third Point Ventures

Multi-Stage Venture Capital

Unknown

1

Closing Date

Fund

Third Point Ventures

Fund Type

Multi-Stage Venture Capital

Status

Unknown

Amount

Sources

1

Third Point Partners & Customers

2 Partners and customers

Third Point has 2 strategic partners and customers. Third Point recently partnered with Campbell on August 8, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

8/9/2018

Partner

United States

Loeb's Third Point calls for Campbell Soup sale: filing

Daniel Loeb 's activist hedge fund Third Point LLC is in talks to partner with Campbell Soup shareholder George Strawbridge to call for a sale of the U.S. consumer company , people familiar with the matter said on Thursday .

5

9/30/2015

Partner

United States

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10

Date

8/9/2018

9/30/2015

Type

Partner

Partner

Business Partner

Country

United States

United States

News Snippet

Loeb's Third Point calls for Campbell Soup sale: filing

Daniel Loeb 's activist hedge fund Third Point LLC is in talks to partner with Campbell Soup shareholder George Strawbridge to call for a sale of the U.S. consumer company , people familiar with the matter said on Thursday .

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Sources

5

10

Third Point Service Providers

7 Service Providers

Third Point has 7 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

IPO

Counsel

General Counsel

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Service Provider

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Associated Rounds

IPO

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Provider Type

Counsel

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Service Type

General Counsel

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Partnership data by VentureSource

Third Point Team

13 Team Members

Third Point has 13 team members, including current Founder, Chief Executive Officer, Daniel Seth Loeb.

Name

Work History

Title

Status

Daniel Seth Loeb

Founder, Chief Executive Officer

Current

John R Berger

Chief Executive Officer

Current

James Patrick Kelly

President

Current

J. Robert Bredahl

Chief Financial Officer

Current

Laurie Ann Fredericks

Chief Financial Officer

Current

Name

Daniel Seth Loeb

John R Berger

James Patrick Kelly

J. Robert Bredahl

Laurie Ann Fredericks

Work History

Title

Founder, Chief Executive Officer

Chief Executive Officer

President

Chief Financial Officer

Chief Financial Officer

Status

Current

Current

Current

Current

Current

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