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Third Point

Superinvestor

Third Point LLC

SEC CIK
0001040273
Manager
Daniel Loeb
Style
Activist, Hedge fund
Latest filing
Aug 14, 2026

Holdings in Q1 2025

Holdings as of Mar 31, 2025, filed May 15, 2025. Long positions only; changes compare share counts with Q4 2024.

Institution overview
Positions
44
+1 vs. Q4 2024
Portfolio value
$6.37B
−$1.08B (−14.5%) vs. Q4 2024
Filed
May 15, 2025
SEC
Holdings of Third Point in Q1 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
PCGPG&E CorpStock51,100,000$877.9M13.8%+2,600,000+5.4%AddedHistory
AMZNAmazon Com IncStock2,350,000$447.1M7.0%−1,100,000−31.9%ReducedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR1,780,000$295.5M4.6%00.0%UnchangedHistory
LYVLive Nation Entertainment, Inc.COM2,100,000$274.2M4.3%+380,000+22.1%AddedHistory
TDSTelephone & Data Systems IncCOM NEW6,760,000$261.9M4.1%+760,000+12.7%AddedHistory
CRHCRH Public Ltd CoORD2,715,000$238.8M3.8%00.0%UnchangedHistory
BNBROOKFIELD CorpCL A LTD VT SH4,240,000$222.2M3.5%−750,000−15.0%ReducedHistory
FLUTFlutter Entertainment plcSHS970,000$214.9M3.4%+100,000+11.5%AddedHistory
KVUEKenvue Inc.Stock8,900,000$213.4M3.4%+8,900,000NewHistory
CPAYCorpay, Inc.COM SHS610,000$212.7M3.3%00.0%UnchangedHistory
APOApollo Global Management, Inc.COM1,500,000$205.4M3.2%+1,100,000+275.0%AddedHistory
LPLALPL Financial Holdings Inc.COM625,000$204.5M3.2%−30,000−4.6%ReducedHistory
ICEIntercontinental Exchange, Inc.Stock1,100,000$189.8M3.0%−985,000−47.2%ReducedHistory
COFCapital One Financial CorpStock1,050,000$188.3M3.0%+125,000+13.5%AddedHistory
JJacobs Solutions Inc.COM1,400,000$169.2M2.7%−250,000−15.2%ReducedHistory
CRSCarpenter Technology CorpCOM870,000$157.6M2.5%00.0%UnchangedHistory
EQTEQT CorpStock2,950,000$157.6M2.5%00.0%UnchangedHistory
NVDANVIDIA CorpStock1,450,000$157.2M2.5%+1,450,000NewHistory
CSGPCostar Group, Inc.COM1,975,000$156.5M2.5%+1,975,000NewHistory
XUnited States Steel CorpCOM3,625,000$153.2M2.4%+3,625,000NewHistory
FTVFortive CorpStock1,900,000$139.0M2.2%00.0%UnchangedHistory
CASYCaseys General Stores IncCOM300,000$130.2M2.0%+300,000NewHistory
DFSDiscover Financial ServicesCOM740,000$126.3M2.0%+100,000+15.6%AddedHistory
MSFTMicrosoft CorpStock315,000$118.2M1.9%−285,000−47.5%ReducedHistory
TLNTalen Energy CorpCOM585,000$116.8M1.8%+585,000NewHistory
TAT&T Inc.Stock3,775,000$105.6M1.7%+3,775,000NewHistory
HESHess CorpStock625,000$99.8M1.6%00.0%UnchangedHistory
VSTVistra Corp.Stock850,000$99.8M1.6%−150,000−15.0%ReducedHistory
PRMBPrimo Brands CorpCLASS A COM SHS2,775,000$98.5M1.5%+375,000+15.6%AddedHistory
RBARB Global Inc.COM950,000$95.3M1.5%+950,000NewHistory
Apollo Global Mgmt Inc03769M304SER A MAND CNV900,000$65.8M1.0%00.0%Unchanged–
SNSharkNinja, Inc.COM SHS550,000$45.9M0.7%+550,000NewHistory
SHCOSoho House & Co Inc.COM CL A5,200,000$32.1M0.5%+2,847,924+121.1%AddedHistory
PINSPinterest, Inc.CL A1,000,000$31.0M0.5%+1,000,000NewHistory
SDRLSEADRILL LtdCOM1,025,000$25.6M0.4%00.0%UnchangedHistory
PG&E Corp69331CAL2NOTE 4.250%12/0–$10.6M0.2%–––
HTZWWHertz Global Holdings, IncCommon Stock3,970,000$8.97M0.1%00.0%UnchangedHistory
AURAurora Innovation, Inc.CLASS A COM1,032,463$6.94M0.1%00.0%UnchangedHistory
PCG.PXPG&E CorpPFD CONV SER A140,000$6.26M0.1%00.0%UnchangedHistory
FLYXFlyexclusive Inc.COM CL A1,022,000$3.18M<0.1%00.0%UnchangedHistory
AUROWAurora Innovation, Inc.EQUITY WRT1,835,000$2.59M<0.1%00.0%UnchangedHistory
Net Power Inc.64107A113*W EXP 06/08/202500,000$152.5K<0.1%00.0%Unchanged–
Flyexclusive Inc.343928115*W EXP 05/28/202367,499$36.8K<0.1%00.0%Unchanged–
Global Blue Group Holding AGH33700115*W EXP 08/28/2021,333,333$29.6K<0.1%00.0%Unchanged–

Options (1)

Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.

Option positions of Third Point in Q1 2025
SecurityClassPutsCalls
SPDR S&P 500 ETF Tr78462F953PUT$184.5M–

Sold out since Q4 2024 (9)

Positions held at the end of Q4 2024 that are gone from this filing.

Positions of Third Point sold out since Q4 2024
SecurityClassShares in Q4 2024Value in Q4 2024% of portfolio in Q4 2024History
DHRDanaher CorpStock1,900,000$436.1M5.9%History
METAMeta Platforms, Inc.Stock665,000$389.4M5.2%History
FERGFerguson Enterprises Inc.COMMON STOCK NEW1,200,000$208.3M2.8%History
TSLATesla, Inc.Stock500,000$201.9M2.7%History
TMOThermo Fisher Scientific Inc.Stock350,000$182.1M2.4%History
WDAYWorkday, Inc.CL A500,000$129.0M1.7%History
CNKCinemark Holdings, Inc.COM3,750,000$116.2M1.6%History
Global Blue Group Holding AGH33700107ORD SHS8,387,601$58.1M0.8%–
CCOClear Channel Outdoor Holdings, Inc.COM900,000$1.23M<0.1%History