Which super PACs did Daniel Loeb fund in 2020?

Senate Leadership Fund ($800K), Better Future Mi Fund ($350K), American Patriots PAC ($300K), Congressional Leadership Fund ($300K), Opportunity Matters Fund, Inc. ($300K).

Which candidates did Daniel Loeb's money end up backing or attacking in 2020?

against Gary Peters (Michigan Senate, about $347K, lost); against Jon Ossoff (Georgia Senate, about $179K, lost); against Raphael Warnock (Georgia Senate (special), about $119K, lost). Amounts are the donor's share of each group's spending.

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Donor

Daniel Loeb

Individual

CEO, Third Point LLC · New York

17 gifts to 11 groups, as reported to the FEC by the groups that received them.

Mixed

Daniel Loeb gave $2.4M to super PACs and other outside groups in the 2020 federal elections, and 98% of it helped Republicans (FEC filings through Dec 31, 2020). Counting dollars, not candidates, and only races already called, 41% ended up on the winning side ($696K won, $1.0M lost).

Gave to outside spenders

$2.4M

98% of it helped Republicans

Ended up on the winning side

41%

$696K of the dollars in races already called

Spent on the losing side

$1.0M

Not spent yet

$710K

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
Senate Leadership Fund $226K not spent yet	$800K	$321K / $252K
Better Future Mi Fund $29K not spent yet	$350K	$0 / $321K
American Patriots PAC $75K not spent yet	$300K	$39K / $103K
Congressional Leadership Fund $33K not spent yet	$300K	$209K / $39K
Opportunity Matters Fund, Inc. $133K not spent yet	$300K	$96K / $71K
Americans for Tomorrow's Future $24K not spent yet	$125K	$0 / $101K
National Victory Action Fund $46K not spent yet	$100K	$1K / $53K
Esafund $34K not spent yet	$100K	$13K / $53K
NRSC $7K not spent yet	$36K	$17K / $12K
DCCC	$484	$82 / $402
DSCC $95 not spent yet	$250	$25 / $130

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?
Gary Peters	Michigan Senate	Attacking	$347K	✗ No
Jon Ossoff	Georgia Senate	Attacking	$179K	✗ No
Raphael Warnock	Georgia Senate (special)	Attacking	$119K	✗ No
Ilhan Omar	Minnesota 5th District (primary)	Attacking	$101K	✗ No
Cal Cunningham	North Carolina Senate	Attacking	$95K	✓ Yes
Jason Church	Wisconsin 7th District (primary)	Supporting	$84K	Unknown
David A. Perdue	Georgia Senate	Supporting	$62K	✗ No
Kelly Loeffler	Georgia Senate (special)	Supporting	$54K	✗ No
Lindsey Graham	South Carolina Senate	Supporting	$53K	✓ Yes
Steve Bullock	Montana Senate	Attacking	$51K	✓ Yes
Theresa Greenfield	Iowa Senate	Attacking	$44K	✓ Yes
Joni Ernst	Iowa Senate (primary)	Supporting	$39K	✓ Yes

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

Questions people ask

How much did Daniel Loeb spend on the 2020 elections, and did it win?: Daniel Loeb gave $2.4M to super PACs and other outside groups in the 2020 federal elections, and 98% of it helped Republicans (FEC filings through Dec 31, 2020). Counting dollars, not candidates, and only races already called, 41% ended up on the winning side ($696K won, $1.0M lost).
Which super PACs did Daniel Loeb fund in 2020?: Senate Leadership Fund ($800K), Better Future Mi Fund ($350K), American Patriots PAC ($300K), Congressional Leadership Fund ($300K), Opportunity Matters Fund, Inc. ($300K).
Which candidates did Daniel Loeb's money end up backing or attacking in 2020?: against Gary Peters (Michigan Senate, about $347K, lost); against Jon Ossoff (Georgia Senate, about $179K, lost); against Raphael Warnock (Georgia Senate (special), about $119K, lost). Amounts are the donor's share of each group's spending.