The Morning Brief: Third Point Edges Up, Celebrates 20 Years

Daniel Loeb’s Third Point Offshore, managed by hedge fund firm Third Point, rose some 0.8 percent in July. As a result, the sometimes activist hedge fund is up 5.7 percent for the year. The New York firm, which recently celebrated its 20th anniversary, told clients in its second quarter report that it has compounded at 20.5 percent per year since its inception, compared with 9.1 percent for the Standard & Poor’s 500 index.


Larry Robbins’ Glenview Capital Management boosted its stake in HealthSouth Corporation to 5.9 million shares, or 6.46 percent of the total outstanding. The New York hedge fund firm owned 1.7 million shares of the operator of inpatient rehabilitative hospitals at the end of the first quarter. Its second quarter position is not yet known. The holding was disclosed in a 13G, meaning it is a passive investment.


Clint Carlson’s Carlson Capital has boosted its stake in Vitamin Shoppe to nearly two million shares, or 6.63 percent of the total outstanding, according to an amended 13D filing. However, the Dallas hedge fund firm does not make any suggestions for boosting the stock price of the retailer.

In a separate filing, Carlson disclosed it boosted its stake in Ultratech to nearly 3.3 million shares, or about 12 percent of the maker of equipment to make semiconductor chips.