Change in Holdings of Third Point

http://www.sec.gov/Archives/edgar/data/1040273/000108514609002259/tpt1q09.txt

Third Point		Shares Owned	Shares Owned
Position	Ticker	12/31/2008	3/31/2009	Bought(Sold)
Biofuel Energy	BIOF	5,578,800	5,578,800	0
Core Mark Holding	CORE	670,000	534,000	(136,000)
Depomed Inc	DEPO	7,050,000	7,050,000	0
Dinequity Inc	DIN	472,900	0	(472,900)
Energy XXI	EXXI	14,940,245	0	(14,940,245)
Epicor Software	EPIC	1,959,800	0	(1,959,800)
Epicor Software Note		9,000,000	0	(9,000,000)
Exco Resources	XCO	7,191,475	0	(7,191,475)
Global Brands Acquisition	GQN	1,307,700	1,307,700	0
Global Consumer Acquisition	GHC	982,500	982,500	0
Greenlight Capital	GLRE	718,500	718,500	0
Guaranty Financial	GFG	4,399,047	4,399,047	0
Hicks Acquisition	TOH	750,000	750,000	0
Liberty Acquisition	LIA	6,914,000	6,914,000	0
Lifetime Fitness	LTM	95,000	20,000	(75,000)
Ligand Pharma	LGND	2,007,378	2,007,378	0
Maguire Properties	MPG	3,248,700	2,895,000	(353,700)
Merrill Lynch	MER	250,000	0	(250,000)
Nabi Biopharma	NABI	6,890,000	6,890,000	0
PHH Corp	PHH	5,210,000	4,890,000	(320,000)
Phoenix Co's	PNX	7,044,000	7,524,000	480,000
Potash Corp	POT	600,000	0	(600,000)
Rohm and Haas	ROH	250,000	0	(250,000)
Sapphire Industrial	FYR	2,000,000	2,000,000	0
SPDR Gold Trust	GLD	900,000	50,000	(850,000)
SPDR S&P 500	SPY	458,400	0	(458,400)
Stream Global	OOO	3,125,000	2,825,000	(300,000)
Telephone and Data Sytems	TDS	952,900	0	(952,900)
Teradata	TDC	2,792,000	0	(2,792,000)
Trian Acquisition	TUX	2,750,000	2,750,000	0
TripleCrown Acquisition	TCW	2,400,000	2,400,000	0
TXCO	TXCO	2,048,700	0	(2,048,700)
UST	UST	400,000	0	(400,000)
Vanguard Natural Resources	VNR	360,000	0	(360,000)
Vantage Drilling	VTG	1,875,000	1,875,000	0
Victoria Acquisition	VRY	3,861,700	2,611,700	(1,250,000)
Wachovia	WB	12,510,000	0	(12,510,000)
Amedisys	AMED	0	300,000	300,000
Life Partners Holdings	LPHI	0	40,000	40,000
Legg Mason	LMI	0	25,000	25,000
Pfizer	PFE	0	1,634,875	1,634,875
Schering Plough Preferred	SGP-B	0	100,000	100,000
Schering Plough Preferred	SGP	0	250,000	250,000
Wyeth	WYE	0	2,675,000	2,675,000