Dan Loeb’s Third Point disclosed in an SEC filing its holdings as of December 31, 2018. Third Point had one new buy in the quarter, it bought 575,000 shares of Cigna (CI). The fund exited 10 positions during the quarter, including by size of previous position, United Technologies (UTX), Alibaba (BABA), Microsoft (MSFT), Netflix (NFLX) and Marathon Petroleum (MPC). Third Point increased its stake in four holdings, Salesforce (CRM), Campbell Soup (CPB), Shire (SHPG) and Iqvia Holdings (IQV). The fund reduced its stake in 12 holdings, including by size of previous position, Baxter (BAX), PayPal (PYPL), DowDuPont (DWDP), American Express (AXP) and Constellation Brands (STZ). Third Point’s top holdings as of December 31, 2018, in order of size, were Baxter, Campbell Soup, DowDuPont, PayPal and Danaher (DHR).