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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 Q3 2025

Holdings as of Sep 30, 2025, filed Nov 14, 2025. Long positions only; changes compare share counts with Q2 2025.

Institution overview
Positions
44
−7 vs. Q2 2025
Portfolio value
$8.38B
+$761.7M (+10.0%) vs. Q2 2025
Filed
Nov 14, 2025
SEC
Holdings of Third Point in Q3 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
PCGPG&E CorpStock50,100,000$755.5M9.0%−1,000,000−2.0%ReducedHistory
AMZNAmazon Com IncStock2,810,000$617.0M7.4%+100,000+3.7%AddedHistory
MSFTMicrosoft CorpStock1,100,000$569.7M6.8%+700,000+175.0%AddedHistory
NVDANVIDIA CorpStock2,850,000$531.8M6.3%+50,000+1.8%AddedHistory
NSCNorfolk Southern CorpStock1,650,000$495.7M5.9%+1,650,000NewHistory
BNBROOKFIELD CorpCL A LTD VT SH4,675,000$320.6M3.8%00.0%UnchangedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR1,100,000$307.2M3.7%−330,000−23.1%ReducedHistory
COFCapital One Financial CorpStock1,385,000$294.4M3.5%−419,204−23.2%ReducedHistory
FLUTFlutter Entertainment plcSHS1,120,000$284.5M3.4%+50,000+4.7%AddedHistory
CASYCaseys General Stores IncCOM500,000$282.7M3.4%+140,000+38.9%AddedHistory
TDSTelephone & Data Systems IncCOM NEW6,707,274$263.2M3.1%−17,726−0.3%ReducedHistory
CRHCRH Public Ltd CoORD2,165,000$259.6M3.1%−425,000−16.4%ReducedHistory
CSGPCostar Group, Inc.COM3,017,000$254.5M3.0%−68,000−2.2%ReducedHistory
SGISomnigroup International Inc.COM3,000,000$253.0M3.0%+3,000,000NewHistory
LYVLive Nation Entertainment, Inc.COM1,350,000$220.6M2.6%−625,000−31.6%ReducedHistory
CRSCarpenter Technology CorpCOM850,000$208.7M2.5%+100,000+13.3%AddedHistory
UNPUnion Pacific CorpStock875,000$206.8M2.5%+875,000NewHistory
LPLALPL Financial Holdings Inc.COM594,143$197.7M2.4%−30,857−4.9%ReducedHistory
Mr Cooper Group Inc62482R107COM925,000$195.0M2.3%00.0%Unchanged–
SNSharkNinja, Inc.COM SHS1,800,000$185.7M2.2%+600,000+50.0%AddedHistory
VSTVistra Corp.Stock935,000$183.2M2.2%−315,000−25.2%ReducedHistory
FIXComfort Systems USA IncCOM200,000$165.0M2.0%+15,000+8.1%AddedHistory
METAMeta Platforms, Inc.Stock220,000$161.6M1.9%+70,000+46.7%AddedHistory
MTZMastec IncCOM725,000$154.3M1.8%+725,000NewHistory
TLNTalen Energy CorpCOM350,000$148.9M1.8%−435,000−55.4%ReducedHistory
KVUEKenvue Inc.Stock9,000,000$146.1M1.7%+475,000+5.6%AddedHistory
JJacobs Solutions Inc.COM915,000$137.1M1.6%−349,000−27.6%ReducedHistory
PRMBPrimo Brands CorpCLASS A COM SHS5,775,000$127.6M1.5%00.0%UnchangedHistory
FNDFloor & Decor Holdings, Inc.CL A1,330,000$98.0M1.2%+1,330,000NewHistory
APOApollo Global Management, Inc.COM650,000$86.6M1.0%−625,000−49.0%ReducedHistory
RKTRocket Companies, Inc.Stock4,000,000$77.5M0.9%−750,000−15.8%ReducedHistory
Apollo Global Mgmt Inc03769M304SER A MAND CNV900,000$63.3M0.8%00.0%Unchanged–
CORZCore Scientific, Inc.COM3,000,000$53.8M0.6%+3,000,000NewHistory
SRTAStrata Critical Medical, Inc.CL A COM5,000,000$25.3M0.3%+5,000,000NewHistory
HTZWWHertz Global Holdings, IncCommon Stock3,970,000$14.8M0.2%00.0%UnchangedHistory
PG&E Corp69331CAL2NOTE 4.250%12/0–$10.1M0.1%–––
DHRDanaher CorpStock50,000$9.91M0.1%−450,000−90.0%ReducedHistory
PG&E Corp69331C306PFD CONV SER A140,000$5.51M0.1%00.0%Unchanged–
FLYXFlyexclusive Inc.COM CL A1,022,000$5.05M0.1%00.0%UnchangedHistory
AURAurora Innovation, Inc.CLASS A COM1,032,463$2.17M<0.1%00.0%UnchangedHistory
AUROWAurora Innovation, Inc.EQUITY WRT1,835,000$877.0K<0.1%00.0%UnchangedHistory
BHCBausch Health Companies Inc.Stock100,000$645.0K<0.1%+100,000NewHistory
CYHCommunity Health Systems IncCOM150,000$481.5K<0.1%+150,000NewHistory
Flyexclusive Inc343928115*W EXP 05/28/202367,499$116.7K<0.1%00.0%Unchanged–

Options (2)

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 Q3 2025
SecurityClassPutsCalls
SPYSPDR S&P 500 ETF TrustETF$582.9M–
KVUEKenvue Inc.Stock–$24.3M

Sold out since Q2 2025 (16)

Positions held at the end of Q2 2025 that are gone from this filing.

Positions of Third Point sold out since Q2 2025
SecurityClassShares in Q2 2025Value in Q2 2025% of portfolio in Q2 2025History
CPAYCorpay, Inc.COM SHS685,000$227.3M3.0%History
ICEIntercontinental Exchange, Inc.Stock950,000$174.3M2.3%History
RBARB Global Inc.COM695,000$73.8M1.0%History
WDAYWorkday, Inc.CL A300,000$72.0M0.9%History
FLSFlowserve CorpCOM1,195,000$62.6M0.8%History
FTVFortive CorpStock1,160,000$60.5M0.8%History
DOCUDocuSign, Inc.Stock625,000$48.7M0.6%History
Membership Collective Group586001109COM CL A5,171,676$38.0M0.5%–
Chart Inds Inc16115Q308COM215,000$35.4M0.5%–
SESea LtdSPONSORD ADS50,000$8.00M0.1%History
RALRalliant CorpStock125,003$6.06M0.1%History
SABRSabre CorpCOM750,000$2.37M<0.1%History
TTANServiceTitan, Inc.SHS CL A15,000$1.61M<0.1%History
CTEVClaritev CorpCL A NEW30,000$1.35M<0.1%History
ASICAtegrity Specialty Insurance Co HoldingsCOM50,000$1.08M<0.1%History
ARDTArdent Health, Inc.COM75,000$1.02M<0.1%History