Third Point LLC
SuperinvestorThird Point
- SEC CIK
- 0001040273
- Manager
- Daniel Loeb
- Style
- Activist, Hedge fund
Q2 2025 vs. Q1 2025
Positions are compared by share count, long positions only.
All holdings in Q2 2025All holdings in Q1 2025
| Measure | Q1 2025 | Q2 2025 | Change |
|---|---|---|---|
| Positions | 44 | 51 | +7 |
| Total value | $6.37B | $7.62B | +$1.25B (+19.7%) |
New positions (16)
Held at the end of Q2 2025 but not at the end of Q1 2025.
| Security | Class | Shares, Q2 2025 | Value, Q2 2025 | % of portfolio, Q2 2025 |
|---|---|---|---|---|
| MR COOPER GROUP INC62482R107 | COM | 925,000 | $138.02M | 1.81% |
| METAMETA PLATFORMS INC CL A | Stock | 150,000 | $110.71M | 1.45% |
| FIXCOMFORT SYS USA INC | COM | 185,000 | $99.2M | 1.30% |
| DHRDANAHER CORP DEL COM | Stock | 500,000 | $98.77M | 1.30% |
| WDAYWORKDAY INC | CL A | 300,000 | $72M | 0.94% |
| RKTROCKET COS INC COM CL A | Stock | 4,750,000 | $67.36M | 0.88% |
| FLSFLOWSERVE CORP | COM | 1,195,000 | $62.56M | 0.82% |
| DOCUDOCUSIGN INC COM | Stock | 625,000 | $48.68M | 0.64% |
| CHART INDS INC16115Q308 | COM | 215,000 | $35.4M | 0.46% |
| SESEA LTD | SPONSORD ADS | 50,000 | $8M | 0.10% |
| RALRALLIANT CORP COM | Stock | 125,003 | $6.06M | 0.08% |
| SABRSABRE CORP | COM | 750,000 | $2.37M | 0.03% |
| TTANSERVICETITAN INC | SHS CL A | 15,000 | $1.61M | 0.02% |
| CTEVCLARITEV CORPORATION | CL A NEW | 30,000 | $1.35M | 0.02% |
| ASICATEGRITY SPECIALTY IN CO HO | COM | 50,000 | $1.08M | 0.01% |
| ARDTARDENT HEALTH INC | COM | 75,000 | $1.02M | 0.01% |
Added (13)
More shares at the end of Q2 2025 than at the end of Q1 2025.
| Security | Class | Shares, Q1 2025 | Shares, Q2 2025 | Change in shares | Value, Q2 2025 | % of portfolio, Q2 2025 |
|---|---|---|---|---|---|---|
| AMZNAMAZON COM INC COM | Stock | 2,350,000 | 2,710,000 | +360,000+15.3% | $594.55M | 7.80% |
| NVDANVIDIA CORPORATION COM | Stock | 1,450,000 | 2,800,000 | +1,350,000+93.1% | $442.37M | 5.81% |
| COFCAPITAL ONE FINL CORP COM | Stock | 1,050,000 | 1,804,204 | +754,204+71.8% | $383.86M | 5.04% |
| FLUTFLUTTER ENTMT PLC | SHS | 970,000 | 1,070,000 | +100,000+10.3% | $305.76M | 4.01% |
| BNBROOKFIELD CORP | CL A LTD VT SH | 4,240,000 | 4,675,000 | +435,000+10.3% | $289.15M | 3.79% |
| CSGPCOSTAR GROUP INC | COM | 1,975,000 | 3,085,000 | +1,110,000+56.2% | $248.03M | 3.26% |
| VSTVISTRA CORP COM | Stock | 850,000 | 1,250,000 | +400,000+47.1% | $242.26M | 3.18% |
| TLNTALEN ENERGY CORP | COM | 585,000 | 785,000 | +200,000+34.2% | $228.25M | 3.00% |
| CPAYCORPAY INC | COM SHS | 610,000 | 685,000 | +75,000+12.3% | $227.3M | 2.98% |
| MSFTMICROSOFT CORP COM | Stock | 315,000 | 400,000 | +85,000+27.0% | $198.96M | 2.61% |
| CASYCASEYS GEN STORES INC | COM | 300,000 | 360,000 | +60,000+20.0% | $183.7M | 2.41% |
| PRMBPRIMO BRANDS CORPORATION | CLASS A COM SHS | 2,775,000 | 5,775,000 | +3,000,000+108.1% | $171.06M | 2.24% |
| SNSHARKNINJA INC | COM SHS | 550,000 | 1,200,000 | +650,000+118.2% | $118.79M | 1.56% |
Reduced (12)
Fewer shares at the end of Q2 2025 than at the end of Q1 2025.
| Security | Class | Shares, Q1 2025 | Shares, Q2 2025 | Change in shares | Value, Q2 2025 | % of portfolio, Q2 2025 |
|---|---|---|---|---|---|---|
| TSMTAIWAN SEMICONDUCTOR MANUFACT SPONSORED ADS | ADR | 1,780,000 | 1,430,000 | −350,000−19.7% | $323.88M | 4.25% |
| LYVLIVE NATION ENTERTAINMENT IN | COM | 2,100,000 | 1,975,000 | −125,000−6.0% | $298.78M | 3.92% |
| TDSTELEPHONE & DATA SYS INC | COM NEW | 6,760,000 | 6,725,000 | −35,000−0.5% | $239.28M | 3.14% |
| CRHCRH PLC | ORD | 2,715,000 | 2,590,000 | −125,000−4.6% | $237.76M | 3.12% |
| CRSCARPENTER TECHNOLOGY CORP | COM | 870,000 | 750,000 | −120,000−13.8% | $207.29M | 2.72% |
| APOAPOLLO GLOBAL MGMT INC | COM | 1,500,000 | 1,275,000 | −225,000−15.0% | $180.88M | 2.37% |
| KVUEKENVUE INC COM | Stock | 8,900,000 | 8,525,000 | −375,000−4.2% | $178.43M | 2.34% |
| ICEINTERCONTINENTAL EXCHANGE INC COM | Stock | 1,100,000 | 950,000 | −150,000−13.6% | $174.3M | 2.29% |
| JJACOBS SOLUTIONS INC | COM | 1,400,000 | 1,264,000 | −136,000−9.7% | $166.15M | 2.18% |
| RBARB GLOBAL INC | COM | 950,000 | 695,000 | −255,000−26.8% | $73.8M | 0.97% |
| FTVFORTIVE CORP COM | Stock | 1,900,000 | 1,160,000 | −740,000−38.9% | $60.47M | 0.79% |
| MEMBERSHIP COLLECTIVE GROUP586001109 | COM CL A | 5,200,000 | 5,171,676 | −28,324−0.5% | $38.01M | 0.50% |
Sold out (9)
Held at the end of Q1 2025, gone by the end of Q2 2025.
| Security | Class | Shares, Q1 2025 | Value, Q1 2025 | % of portfolio, Q1 2025 |
|---|---|---|---|---|
| EQTEQT CORP COM | Stock | 2,950,000 | $157.62M | 2.48% |
| UNITED STATES STL CORP NEW912909108 | COM | 3,625,000 | $153.19M | 2.41% |
| DISCOVER FINL SVCS254709108 | COM | 740,000 | $126.32M | 1.98% |
| TAT&T INC COM | Stock | 3,775,000 | $105.64M | 1.66% |
| HESS CORP COM42809H107 | Stock | 625,000 | $99.83M | 1.57% |
| PINSPINTEREST INC | CL A | 1,000,000 | $31M | 0.49% |
| SDRLSEADRILL LTD | COM | 1,025,000 | $25.63M | 0.40% |
| NET POWER INC64107A113 | *W EXP 06/08/202 | 500,000 | $152.5K | 0.00% |
| GLOBAL BLUE GROUP HOLDING AGH33700115 | *W EXP 08/28/202 | 1,333,333 | $29.6K | 0.00% |