Third Point LLC
SuperinvestorThird Point
- SEC CIK
- 0001040273
- Manager
- Daniel Loeb
- Style
- Activist, Hedge fund
Q3 2025 vs. Q2 2025
Positions are compared by share count, long positions only.
All holdings in Q3 2025All holdings in Q2 2025
| Measure | Q2 2025 | Q3 2025 | Change |
|---|---|---|---|
| Positions | 51 | 44 | −7 |
| Total value | $7.62B | $8.38B | +$761.75M (+10.0%) |
New positions (9)
Held at the end of Q3 2025 but not at the end of Q2 2025.
| Security | Class | Shares, Q3 2025 | Value, Q3 2025 | % of portfolio, Q3 2025 |
|---|---|---|---|---|
| NSCNORFOLK SOUTHN CORP COM | Stock | 1,650,000 | $495.68M | 5.91% |
| SGISOMNIGROUP INTERNATIONAL INC | COM | 3,000,000 | $252.99M | 3.02% |
| UNPUNION PAC CORP COM | Stock | 875,000 | $206.82M | 2.47% |
| MTZMASTEC INC | COM | 725,000 | $154.29M | 1.84% |
| FNDFLOOR & DECOR HLDGS INC | CL A | 1,330,000 | $98.02M | 1.17% |
| CORZCORE SCIENTIFIC INC NEW | COM | 3,000,000 | $53.82M | 0.64% |
| SRTASTRATA CRITICAL MEDICAL INC | CL A COM | 5,000,000 | $25.3M | 0.30% |
| BHCBAUSCH HEALTH COS INC COM | Stock | 100,000 | $645K | 0.01% |
| CYHCOMMUNITY HEALTH SYS INC NEW | COM | 150,000 | $481.5K | 0.01% |
Added (10)
More shares at the end of Q3 2025 than at the end of Q2 2025.
| Security | Class | Shares, Q2 2025 | Shares, Q3 2025 | Change in shares | Value, Q3 2025 | % of portfolio, Q3 2025 |
|---|---|---|---|---|---|---|
| AMZNAMAZON COM INC COM | Stock | 2,710,000 | 2,810,000 | +100,000+3.7% | $616.99M | 7.36% |
| MSFTMICROSOFT CORP COM | Stock | 400,000 | 1,100,000 | +700,000+175.0% | $569.75M | 6.80% |
| NVDANVIDIA CORPORATION COM | Stock | 2,800,000 | 2,850,000 | +50,000+1.8% | $531.75M | 6.34% |
| FLUTFLUTTER ENTMT PLC | SHS | 1,070,000 | 1,120,000 | +50,000+4.7% | $284.48M | 3.39% |
| CASYCASEYS GEN STORES INC | COM | 360,000 | 500,000 | +140,000+38.9% | $282.66M | 3.37% |
| CRSCARPENTER TECHNOLOGY CORP | COM | 750,000 | 850,000 | +100,000+13.3% | $208.71M | 2.49% |
| SNSHARKNINJA INC | COM SHS | 1,200,000 | 1,800,000 | +600,000+50.0% | $185.67M | 2.22% |
| FIXCOMFORT SYS USA INC | COM | 185,000 | 200,000 | +15,000+8.1% | $165.04M | 1.97% |
| METAMETA PLATFORMS INC CL A | Stock | 150,000 | 220,000 | +70,000+46.7% | $161.56M | 1.93% |
| KVUEKENVUE INC COM | Stock | 8,525,000 | 9,000,000 | +475,000+5.6% | $146.07M | 1.74% |
Reduced (14)
Fewer shares at the end of Q3 2025 than at the end of Q2 2025.
| Security | Class | Shares, Q2 2025 | Shares, Q3 2025 | Change in shares | Value, Q3 2025 | % of portfolio, Q3 2025 |
|---|---|---|---|---|---|---|
| PCGPG&E CORP COM | Stock | 51,100,000 | 50,100,000 | −1,000,000−2.0% | $755.51M | 9.01% |
| TSMTAIWAN SEMICONDUCTOR MANUFACT SPONSORED ADS | ADR | 1,430,000 | 1,100,000 | −330,000−23.1% | $307.22M | 3.67% |
| COFCAPITAL ONE FINL CORP COM | Stock | 1,804,204 | 1,385,000 | −419,204−23.2% | $294.42M | 3.51% |
| TDSTELEPHONE & DATA SYS INC | COM NEW | 6,725,000 | 6,707,274 | −17,726−0.3% | $263.19M | 3.14% |
| CRHCRH PLC | ORD | 2,590,000 | 2,165,000 | −425,000−16.4% | $259.58M | 3.10% |
| CSGPCOSTAR GROUP INC | COM | 3,085,000 | 3,017,000 | −68,000−2.2% | $254.54M | 3.04% |
| LYVLIVE NATION ENTERTAINMENT IN | COM | 1,975,000 | 1,350,000 | −625,000−31.6% | $220.59M | 2.63% |
| LPLALPL FINL HLDGS INC | COM | 625,000 | 594,143 | −30,857−4.9% | $197.67M | 2.36% |
| VSTVISTRA CORP COM | Stock | 1,250,000 | 935,000 | −315,000−25.2% | $183.19M | 2.19% |
| TLNTALEN ENERGY CORP | COM | 785,000 | 350,000 | −435,000−55.4% | $148.88M | 1.78% |
| JJACOBS SOLUTIONS INC | COM | 1,264,000 | 915,000 | −349,000−27.6% | $137.12M | 1.64% |
| APOAPOLLO GLOBAL MGMT INC | COM | 1,275,000 | 650,000 | −625,000−49.0% | $86.63M | 1.03% |
| RKTROCKET COS INC COM CL A | Stock | 4,750,000 | 4,000,000 | −750,000−15.8% | $77.52M | 0.92% |
| DHRDANAHER CORP DEL COM | Stock | 500,000 | 50,000 | −450,000−90.0% | $9.91M | 0.12% |
Sold out (16)
Held at the end of Q2 2025, gone by the end of Q3 2025.
| Security | Class | Shares, Q2 2025 | Value, Q2 2025 | % of portfolio, Q2 2025 |
|---|---|---|---|---|
| CPAYCORPAY INC | COM SHS | 685,000 | $227.3M | 2.98% |
| ICEINTERCONTINENTAL EXCHANGE INC COM | Stock | 950,000 | $174.3M | 2.29% |
| RBARB GLOBAL INC | COM | 695,000 | $73.8M | 0.97% |
| WDAYWORKDAY INC | CL A | 300,000 | $72M | 0.94% |
| FLSFLOWSERVE CORP | COM | 1,195,000 | $62.56M | 0.82% |
| FTVFORTIVE CORP COM | Stock | 1,160,000 | $60.47M | 0.79% |
| DOCUDOCUSIGN INC COM | Stock | 625,000 | $48.68M | 0.64% |
| MEMBERSHIP COLLECTIVE GROUP586001109 | COM CL A | 5,171,676 | $38.01M | 0.50% |
| 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% |