Which super PACs did Daniel Loeb fund in 2022?

Congressional Leadership Fund ($500K), Senate Leadership Fund ($450K), American Leadership Action ($200K), Dmfi PAC ($125K), USA Freedom Fund ($100K).

Which candidates did Daniel Loeb's money end up backing or attacking in 2022?

against John K. Fetterman (Pennsylvania Senate, about $206K, lost); against Raphael Warnock (Georgia Senate, about $71K, lost); against Cheri Beasley (North Carolina Senate, about $60K, won). Amounts are the donor's share of each group's spending.

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Donor

Daniel Loeb

Individual

CEO/CIO, Third Point LLC · New York

10 gifts to 8 groups, as reported to the FEC by the groups that received them.

Mixed

Daniel Loeb gave $1.4M to super PACs and other outside groups in the 2022 federal elections, and 84% of it helped Republicans (FEC filings through Dec 31, 2022). Counting dollars, not candidates, and only races already called, 43% ended up on the winning side ($506K won, $669K lost).

Gave to outside spenders

$1.4M

84% of it helped Republicans

Ended up on the winning side

43%

$506K of the dollars in races already called

Spent on the losing side

$669K

Not spent yet

$250K

Sitting with groups that have not spent

Where the cheques went

A person writing cheques from their own fortune. Each gift is split the way the group that received it split its spending between winners and losers, so a $10M cheque to a group that spent 80% on losers counts as $8M on the losing side.

✓ Backed the winner or attacked the loser ✗ Backed the loser or attacked the winner Result not matched

Group	Gave	Won / lost
Congressional Leadership Fund $56K not spent yet	$500K	$168K / $268K
Senate Leadership Fund $64K not spent yet	$450K	$161K / $225K
American Leadership Action $22K not spent yet	$200K	$44K / $134K
Dmfi PAC $14K not spent yet	$125K	$62K / $13K
USA Freedom Fund	$100K	$51K / $27K
American Patriots PAC $22K not spent yet	$50K	$19K / $3K
DSCC $138 not spent yet	$250	$102 / $10
DCCC $46 not spent yet	$250	$156 / $49

The trail

What the money bought

The candidates Daniel Loeb's money was spent for or against, pro-rated by Daniel Loeb's share of each group's funding.

Candidate	Race	Spending	Their share	Paid off?
John K. Fetterman	Pennsylvania Senate	Attacking	$206K	✗ No
Raphael Warnock	Georgia Senate	Attacking	$71K	✗ No
Cheri Beasley	North Carolina Senate	Attacking	$60K	✓ Yes
Tim Ryan	Ohio Senate	Attacking	$51K	✓ Yes
Mandela Barnes	Wisconsin Senate	Attacking	$41K	✓ Yes
Michael Gibbons	Ohio Senate (primary)	Attacking	$40K	✓ Yes
Catherine Cortez Masto	Nevada Senate	Attacking	$40K	✗ No
Dave Mccormick	Pennsylvania Senate (primary)	Attacking	$36K	✓ Yes
Nina Turner	Ohio 11th District	Attacking	$24K	Unknown
Shontel Brown	Ohio 11th District	Supporting	$23K	✓ Yes
Susie Lee	Nevada 3rd District	Attacking	$21K	✗ No
JD Vance	Ohio Senate (primary)	Attacking	$21K	✗ No

Individual as classified from the FEC entity type and public reporting.

Questions people ask

How much did Daniel Loeb spend on the 2022 elections, and did it win?: Daniel Loeb gave $1.4M to super PACs and other outside groups in the 2022 federal elections, and 84% of it helped Republicans (FEC filings through Dec 31, 2022). Counting dollars, not candidates, and only races already called, 43% ended up on the winning side ($506K won, $669K lost).
Which super PACs did Daniel Loeb fund in 2022?: Congressional Leadership Fund ($500K), Senate Leadership Fund ($450K), American Leadership Action ($200K), Dmfi PAC ($125K), USA Freedom Fund ($100K).
Which candidates did Daniel Loeb's money end up backing or attacking in 2022?: against John K. Fetterman (Pennsylvania Senate, about $206K, lost); against Raphael Warnock (Georgia Senate, about $71K, lost); against Cheri Beasley (North Carolina Senate, about $60K, won). Amounts are the donor's share of each group's spending.