Third Point is an activist fund that achieves its competitive advantage through its work in identifying companies it can help either fix up operationally or financially in order to obtain additional shareholder value. At the same time, it has taken on several passive bets in companies that it likes, including BABA, FB, BAC, GOOGL, among others. 22% of the fund is dedicated to Baxter International (BAX), a medical supplies company. 50% of its capital is allocated to five names (BAX, BABA, DWDP, BLK, and FB). 68% of the fund is allocated to ten names when adding on STZ, BAC, BID, GOOGL, and NXPI. In total, Third Point holds 37 positions total and sold out completely last quarter from HUM, HPE, EQT, GD, and CHTR. The complete list of holdings can be found below: (click to enlarge)