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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 Q4 2025

Holdings as of Dec 31, 2025, filed Feb 17, 2026. Long positions only; changes compare share counts with Q3 2025.

Institution overview
Positions
44
0 vs. Q3 2025
Portfolio value
$7.27B
−$1.11B (−13.2%) vs. Q3 2025
Filed
Feb 17, 2026
SEC
Holdings of Third Point in Q4 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
PCGPG&E CorpStock34,300,000$551.2M7.6%−15,800,000−31.5%ReducedHistory
NVDANVIDIA CorpStock2,950,000$550.2M7.6%+100,000+3.5%AddedHistory
AMZNAmazon Com IncStock2,165,000$499.7M6.9%−645,000−23.0%ReducedHistory
MSFTMicrosoft CorpStock925,000$447.3M6.1%−175,000−15.9%ReducedHistory
UNPUnion Pacific CorpStock1,810,000$418.7M5.8%+935,000+106.9%AddedHistory
CRHCRH Public Ltd CoORD2,600,000$324.5M4.5%+435,000+20.1%AddedHistory
SGISomnigroup International Inc.COM3,400,000$303.6M4.2%+400,000+13.3%AddedHistory
BNBROOKFIELD CorpCL A LTD VT SH6,200,000$284.5M3.9%+1,525,000+32.6%AddedHistory
NSCNorfolk Southern CorpStock975,000$281.5M3.9%−675,000−40.9%ReducedHistory
TDSTelephone & Data Systems IncCOM NEW6,675,000$273.7M3.8%−32,274−0.5%ReducedHistory
COFCapital One Financial CorpStock1,100,000$266.6M3.7%−285,000−20.6%ReducedHistory
CASYCaseys General Stores IncCOM455,000$251.5M3.5%−45,000−9.0%ReducedHistory
CRSCarpenter Technology CorpCOM785,000$247.1M3.4%−65,000−7.6%ReducedHistory
LYVLive Nation Entertainment, Inc.COM1,725,000$245.8M3.4%+375,000+27.8%AddedHistory
CSGPCostar Group, Inc.COM3,165,000$212.8M2.9%+148,000+4.9%AddedHistory
MTZMastec IncCOM925,000$201.1M2.8%+200,000+27.6%AddedHistory
RKTRocket Companies, Inc.Stock9,515,000$184.2M2.5%+5,515,000+137.9%AddedHistory
LPLALPL Financial Holdings Inc.COM510,000$182.2M2.5%−84,143−14.2%ReducedHistory
CMGChipotle Mexican Grill IncCOM4,725,000$174.8M2.4%+4,725,000NewHistory
CEGConstellation Energy CorpStock475,000$167.8M2.3%+475,000NewHistory
VSTVistra Corp.Stock1,005,000$162.1M2.2%+70,000+7.5%AddedHistory
DHRDanaher CorpStock600,000$137.4M1.9%+550,000+1,100.0%AddedHistory
SNSharkNinja, Inc.COM SHS1,200,000$134.3M1.8%−600,000−33.3%ReducedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR425,000$129.2M1.8%−675,000−61.4%ReducedHistory
BABAAlibaba Group Holding LtdADR825,000$120.9M1.7%+825,000NewHistory
APGAPi Group CorpCOM STK3,000,000$114.8M1.6%+3,000,000NewHistory
FIXComfort Systems USA IncCOM105,000$98.0M1.3%−95,000−47.5%ReducedHistory
SPOTSpotify Technology S.A.Stock100,000$58.1M0.8%+100,000NewHistory
KVUEKenvue Inc.Stock3,250,000$56.1M0.8%−5,750,000−63.9%ReducedHistory
PGRProgressive CorpStock220,000$50.1M0.7%+220,000NewHistory
TMOThermo Fisher Scientific Inc.Stock50,000$29.0M0.4%+50,000NewHistory
SRTAStrata Critical Medical, Inc.CL A COM5,000,000$24.1M0.3%00.0%UnchangedHistory
WIXWix.com Ltd.SHS225,000$23.4M0.3%+225,000NewHistory
CSXCSX CorpStock500,000$18.1M0.2%+500,000NewHistory
HTZWWHertz Global Holdings, IncCommon Stock3,970,000$10.6M0.1%00.0%UnchangedHistory
PG&E Corp69331CAL2NOTE 4.250%12/0–$10.3M0.1%–––
SPRYARS Pharmaceuticals, Inc.COM556,237$6.48M0.1%+556,237NewHistory
CTEVClaritev CorpCL A NEW145,000$6.20M0.1%+145,000NewHistory
PG&E Corp69331C306PFD CONV SER A140,000$5.74M0.1%00.0%Unchanged–
FLYXFlyexclusive Inc.COM CL A1,022,000$4.20M0.1%00.0%UnchangedHistory
AURAurora Innovation, Inc.CLASS A COM1,032,463$3.96M0.1%00.0%UnchangedHistory
BHCBausch Health Companies Inc.Stock350,000$2.43M<0.1%+250,000+250.0%AddedHistory
AUROWAurora Innovation, Inc.EQUITY WRT1,835,000$413.1K<0.1%00.0%UnchangedHistory
Flyexclusive Inc343928115*W EXP 05/28/202367,499$104.7K<0.1%00.0%Unchanged–

Sold out since Q3 2025 (11)

Positions held at the end of Q3 2025 that are gone from this filing.

Positions of Third Point sold out since Q3 2025
SecurityClassShares in Q3 2025Value in Q3 2025% of portfolio in Q3 2025History
FLUTFlutter Entertainment plcSHS1,120,000$284.5M3.4%History
Mr Cooper Group Inc62482R107COM925,000$195.0M2.3%–
METAMeta Platforms, Inc.Stock220,000$161.6M1.9%History
TLNTalen Energy CorpCOM350,000$148.9M1.8%History
JJacobs Solutions Inc.COM915,000$137.1M1.6%History
PRMBPrimo Brands CorpCLASS A COM SHS5,775,000$127.6M1.5%History
FNDFloor & Decor Holdings, Inc.CL A1,330,000$98.0M1.2%History
APOApollo Global Management, Inc.COM650,000$86.6M1.0%History
Apollo Global Mgmt Inc03769M304SER A MAND CNV900,000$63.3M0.8%–
CORZCore Scientific, Inc.COM3,000,000$53.8M0.6%History
CYHCommunity Health Systems IncCOM150,000$481.5K<0.1%History