Third Point Likes Shares of Yahoo! and Sandisk

Wall St. Watchdog reveals information regarding Third Point’s top holdings in the Technology sector for the quarter ending September 30th, 2011. The firm held 3 stocks in the Technology sector at the end of the quarter with an aggregate market value of $688.69 million.

  • Yahoo! Inc. (NASDAQ:YHOO): On 06/30/2011 reported holding 0 shares. On 09/30/2011 reported holding 48,000,000 shares with a market value of $632,160,004. This comprised 30.45% of the total portfolio. The net change in shares for this position over the two quarters is 48,000,000. About Company: Yahoo! Inc. is a global Internet media company that offers an online guide to Web navigation, aggregated information content, communication services, and commerce. The Company’s site includes a hierarchical, subject-based directory of Web sites, which enables users to locate and access information and services through hypertext links included in the directory.
  • Sandisk Corp. (NASDAQ:SNDK): On 06/30/2011 reported holding 725,000 shares with a market value of $30,087,500. This comprised 1.14% of the total portfolio. On 09/30/2011 reported holding 1,400,000 shares with a market value of $56,504,001. This comprised 2.72% of the total portfolio. The net change in shares for this position over the two quarters is 675,000. About Company: SanDisk Corporation supplies flash data storage products. The Company designs, manufactures, and markets industry-standard, solid-state data, digital imaging, and audio storage products using its patented, high-density flash memory and controller technology. Competitors to Watch: Western Digital Corp. (NYSE:WDC), STEC, Inc. (NASDAQ:STEC), OCZ Technology Group Inc. (NASDAQ:OCZ), Micron Technology, Inc. (NASDAQ:MU), EMC Corporation (NYSE:EMC), Seagate Technology PLC (NASDAQ:STX), Imation Corp. (NYSE:IMN), Quantum Corporation (NYSE:QTM), Hutchinson Technology Inc. (NASDAQ:HTCH), and Apple Inc. (NASDAQ:AAPL).

(Note: Data regarding Third Point’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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