Daniel Loeb’s Third Point is one of the most successful activist hedge funds on Wall Street with an annualized return right around 22%. Recently, the hedge fund reported its holdings in its mandatory Schedule 13F filing with the Securities and Exchange Commission. The regulatory filing showed a series of interesting bets that are definitely worth exploring given the funds impressive track record. So, without further ado, let’s take a look at Daniel Loeb’s major holdings!

MasterCard Incorporated (NYSE: MA) is one of the fund’s largest holdings with a stock position valued at around $322.8 million and $11.5 million worth of call options. MasterCard was somewhat beaten up after many speculated that a slowdown in U.S. consumer spending would hurt the firm’s earnings. However, the stock has shown great resilience and recently announced record profits yet again. Since the firm doesn’t issue cards itself - only collects transaction fees - it is also not exposed to any direct credit risks. This misconception may be artificially keeping the stock down, which could make it a compelling stock pick.

Cypress Semiconductor Corporation (NYSE: CY) was another major element of Daniel Loeb’s portfolio. The semiconductor has been beaten down so far this year amid concerns about its earnings as well as its potential acquisition of Simtek Corporation - which will lead to less cash and more debt. The activist investor has been attempting to unlock value in the company for some time after arguing that its implied value of the business is understated by at least 50 percent early last year. In particular, the hedge fund wanted the company to explore ways of divesting its Sunpower (NDAQ: SPWR) stake as soon as possible. Since this was before the drop in 2008, we can expect the firm to be only further undervalued now.

Third Point is also bearish on several stocks including Arthrocare Corp. (NDAQ: ARTC), Neustar Inc. (NYSE: NSR), and United Therapeutics Corporation (NDAQ: UTHR). Loeb also holds a $13.2 million position in the Proshares UltraShort QQQ ETF indicating that he continues to be bearish on the overall economy. Finally, the activist also managed to successfully exit his stake in BEA Systems, Inc. (NDAQ: BEAS) after Oracle Corporation (NDAQ: ORCL) agreed to purchase the company for $7.85 billion. All in all, Daniel Loeb’s Third Point continues to see great successes and his holdings are definitely worth watching!

Investors can view the rest of Daniel Loeb’s holdings in his Schedule 13F filing with the SEC. Investors can also track Daniel Loeb’s future stock holdings and setup free alerts when he trades at SECFilings.com!