Business
Monthly Update: July 2024 NAV Performance
Monthly Update: July 2024 NAV Performance.
About this update from Malibu Life Holdings Limited
[{"type":"text","content":"\n\n \n \n\n\n\n\n6 August 2024Third Point Investors Limited Monthly Update: July 2024 NAV Performance July 2024 Performance Highlights\tThird Point Investors Limited returned -0.4% on a NAV basis in July 2024, compared with a \t1.8% return for the MSCI World Index and a 1.2% return for the S&P 500 Index. \tDuring the month the Company’s share price returned -2.9%, reflecting a widening in the discount to NAV from 21.1% to 23.0%.\tThe top contributors for the month included homebuilding company KB Home, diversified life sciences and diagnostics company Danaher Corp., and industrials and materials company Ferguson Enterprises Inc.\tThe top detractors for the month included infrastructure software company Microsoft Corp., e-commerce company Amazon.com Inc., and transportation and technology company Uber Technologies Inc. Full portfolio detail is available at https://www.thirdpointlimited.com/resources/portfolio-updatesNet Performance\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\tMTD\t\t\t\t\t\t\t\t\tQTD\t\t\t\t\t\t\t\t\tYTD\t\t\t\t\t\t\t\t\t\t\t\t\tThird Point Investors Ltd. (NAV)1\t\t\t\t\t\t\t\t\t-0.4%\t\t\t\t\t\t\t\t\t-0.4%\t\t\t\t\t\t\t\t\t10.9%\t\t\t\t\t\t\t\t\t\t\t\t\tThird Point Investors Ltd. (Price)2\t\t\t\t\t\t\t\t\t-2.9%\t\t\t\t\t\t\t\t\t-2.9%\t\t\t\t\t\t\t\t\t11.3%\t\t\t\t\t\t\t\t\t\t\t\t\tMSCI World Index (Total Return)\t\t\t\t\t\t\t\t\t1.8%\t\t\t\t\t\t\t\t\t1.8%\t\t\t\t\t\t\t\t\t14.0%\t\t\t\t\t\t\t\t\t\t\t\t\tS&P 500 (Total Return)\t\t\t\t\t\t\t\t\t1.2%\t\t\t\t\t\t\t\t\t1.2%\t\t\t\t\t\t\t\t\t16.7%\t\t\t\t\t\t Key Statistics and AUM Summary\t\t\t\t\t\t\t\t\tPremium/(Discount) to NAV\t\t\t\t\t\t\t\t\t(23.0%)\t\t\t\t\t\t\t\t\t\t\t\t\tThird Point Investors Ltd. Net AUM3\t\t\t\t\t\t\t\t\t$0.5 B\t\t\t\t\t\t Portfolio Detail4The net weightings of the strategy at period-end were 87.5% in Equity, 38.5% in Credit, 7.9% in Privates and 1.3% in Other. A breakdown of positions, including major contributors and detractors, is provided below. For further detail please visit: https://www.thirdpointlimited.com/resources/portfolio-updates. \t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\tEXPOSURE\t\t\t\t\t\t\t\t\tGROSS MTD P&L5\t\t\t\t\t\t\t\t\tNET MTD P&L6\t\t\t\t\t\t\t\t\tGROSS YTD P&L5\t\t\t\t\t\t\t\t\tNET YTD P&L6\t\t\t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\tLONG\t\t\t\t\t\t\t\t\tSHO...