Point72 Asset Management LP is a privately owned investment manager with a focus on public equity markets. The firm employs both long and short equity investment strategies that give good returns to investors. The top three holdings of Point72 Asset Management LP for the quarter ended September 30, 2014, were Tyson Foods, Inc. (NYSE:TSN), Canadian Natural Resources Limited (TSE:CNQ), and Baker Hughes Incorporated (NYSE:BHI).
The primary holding of Point72 Asset Management LP was Tyson Foods, Inc. (NYSE:TSN), having investment valued at $292.22 million. Tyson Foods, Inc. (NYSE:TSN) is an international corporation that operates in the foods industry. The company is a renowned processor, market, and seller of chicken, beef, pork, among other foods. Point72 Asset Management held the highest number of shares of the company for the quarter with a total of 7.42 million shares. This was followed closely by Citadel Investment Group with a total of 6.53 million shares. (You can see complete list on hedge funds which hold positions on Tyson Foods, Inc. (NYSE:TSN) at the end of the third quarter).
Canadian Natural Resources Limited (TSE:CNQ) came second with a total of $223.95 million in investment value. Canadian Natural Resources Limited (TSE:CNQ) is a Canadian corporation one of the leading natural gas and oil explorers that also develops and produces the same for international markets. Although the company has been operating in quite a challenging market for better part of the year, it still managed to report third quarter 2014 earnings that are higher than expectations. Canadian Natural Resources Limited (TSE:CNQ) recently experienced a huge loss when one of its pipelines leaked an approximated 60,000 liters of crude oil due to what the company calls mechanical failure.
Baker Hughes Incorporated (NYSE:BHI) was the third largest investment of Point72 Asset Management LP, coming in with investment valued at $216.3 million. Baker Hughes Incorporated (NYSE:BHI) is the largest oilfield services provider in the world, with its operations already in more than 90 different countries spread across the globe. Talks are said to be currently under way for Halliburton Company to acquire Baker Hughes Incorporated (NYSE:BHI) at a total of $34.6 billion, representing $78.62 a share.
This article has been written by Victor Ochieng.