Daniel Loeb’s portfolio: Third Point 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001040273Latest: Q2 2026
Q1 2025 filing in brief
In its Q1 2025 13F, filed May 15, 2025, Third Point reported $6.6B across 45 US positions. The largest: PCG (13.4%), AMZN (6.8%), TSM (4.5%), LYV (4.2%), TDS (4.0%). In the quarter it opened 11 positions, sold out of 9, added to 9 and trimmed 7; positions opened and sold out came to 44.5% of the portfolio's value.
Methodology
Holdings come from the manager’s Form 13F-HR filings on SEC EDGAR, with amendments applied. Values and shares are reported at quarter-end; the filing date is when the report became public. These disclosures show reported long positions and listed options, not the manager’s entire portfolio or its trades since quarter-end.
Quarterly changes compare shares with the immediately preceding quarter on file. New and exited positions appear or disappear; added and trimmed positions change their share count by more than 1%. A share change can also reflect a stock split or other corporate action.
Opened and sold out is the value of new positions plus the prior value of exited positions, divided by the average of the two quarters’ reported portfolio values. It excludes changes to positions still held. Reported value growth includes price changes and is not a measure of investment performance. Largest-five and largest-ten weights exclude options.
Holdings
Filed May 15, 2025
- 11 New
- 9 Added
- 7 Trimmed
- 9 Exited
45 positions at March 31, 2025. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | PCG | PG&E CORP | $878M | 51.1M | 13.40% | +5.4% | Added |
| 2 | AMZN | AMAZON COM INC | $447M | 2.4M | 6.82% | −31.9% | Trimmed |
| 3 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $295M | 1.8M | 4.51% | 0.0% | Held |
| 4 | LYV | LIVE NATION ENTERTAINMENT IN | $274M | 2.1M | 4.19% | +22.1% | Added |
| 5 | TDS | TELEPHONE & DATA SYS INC | $262M | 6.8M | 4.00% | +12.7% | Added |
| 6 | — | CRH PLC | $239M | 2.7M | 3.65% | 0.0% | Held |
| 7 | BN | BROOKFIELD CORP | $222M | 4.2M | 3.39% | −15.0% | Trimmed |
| 8 | FLUT | FLUTTER ENTMT PLC | $215M | 970.0K | 3.28% | +11.5% | Added |
| 9 | KVUE | KENVUE INC | $213M | 8.9M | 3.26% | — | New |
| 10 | CPAY | CORPAY INC | $213M | 610.0K | 3.25% | 0.0% | Held |
| 11 | APO | APOLLO GLOBAL MGMT INC | $205M | 1.5M | 3.14% | +275.0% | Added |
| 12 | LPLA | LPL FINL HLDGS INC | $204M | 625.0K | 3.12% | −4.6% | Trimmed |
| 13 | ICE | INTERCONTINENTAL EXCHANGE IN | $190M | 1.1M | 2.90% | −47.2% | Trimmed |
| 14 | COF | CAPITAL ONE FINL CORP | $188M | 1.1M | 2.87% | +13.5% | Added |
| 15 | — | SPDR S&P 500 ETF TRput option | $184M | 330.0K | 2.82% | — | New |
| 16 | J | JACOBS SOLUTIONS INC | $169M | 1.4M | 2.58% | −15.2% | Trimmed |
| 17 | CRS | CARPENTER TECHNOLOGY CORP | $158M | 870.0K | 2.41% | 0.0% | Held |
| 18 | EQT | EQT CORP | $158M | 3.0M | 2.41% | 0.0% | Held |
| 19 | NVDA | NVIDIA CORPORATION | $157M | 1.4M | 2.40% | — | New |
| 20 | CSGP | COSTAR GROUP INC | $156M | 2.0M | 2.39% | — | New |
| 21 | USX1 | UNITED STATES STL CORP NEW | $153M | 3.6M | 2.34% | — | New |
| 22 | FTV | FORTIVE CORP | $139M | 1.9M | 2.12% | 0.0% | Held |
| 23 | CASY | CASEYS GEN STORES INC | $130M | 300.0K | 1.99% | — | New |
| 24 | DFSEUR | DISCOVER FINL SVCS | $126M | 740.0K | 1.93% | +15.6% | Added |
| 25 | MSFT | MICROSOFT CORP | $118M | 315.0K | 1.80% | −47.5% | Trimmed |
| 26 | TLN | TALEN ENERGY CORP | $117M | 585.0K | 1.78% | — | New |
| 27 | T | AT&T INC | $106M | 3.8M | 1.61% | — | New |
| 28 | HES | HESS CORP | $100M | 625.0K | 1.52% | 0.0% | Held |
| 29 | VST | VISTRA CORP | $100M | 850.0K | 1.52% | −15.0% | Trimmed |
| 30 | PRMB | PRIMO BRANDS CORPORATION | $98M | 2.8M | 1.50% | +15.6% | Added |
| 31 | RBA | RB GLOBAL INC | $95M | 950.0K | 1.45% | — | New |
| 32 | APO 6.75 07/31/26 | APOLLO GLOBAL MGMT INC | $66M | 900.0K | 1.00% | 0.0% | Held |
| 33 | — | SHARKNINJA INC | $46M | 550.0K | 0.70% | — | New |
| 34 | 75Z | SOHO HOUSE & CO INC | $32M | 5.2M | 0.49% | +121.1% | Added |
| 35 | PINS | PINTEREST INC | $31M | 1.0M | 0.47% | — | New |
| 36 | — | SEADRILL LTD | $26M | 1.0M | 0.39% | 0.0% | Held |
| 37 | PCG 4.25 12/01/27 | PG&E CORP | $11M | 10.0M | 0.16% | 0.0% | Held |
| 38 | HTZWW | HERTZ GLOBAL HLDGS INC | $9M | 4.0M | 0.14% | 0.0% | Held |
| 39 | AUR | AURORA INNOVATION INC | $7M | 1.0M | 0.11% | 0.0% | Held |
| 40 | PCG 6 12/01/27 A | PG&E CORP | $6M | 140.0K | 0.10% | 0.0% | Held |
| 41 | FLYX | FLYEXCLUSIVE INC | $3M | 1.0M | 0.05% | 0.0% | Held |
| 42 | AUROW | AURORA INNOVATION INC | $3M | 1.8M | 0.04% | 0.0% | Held |
| 43 | NPWR/WS | NET POWER INC | $153K | 500.0K | 0.00% | 0.0% | Held |
| 44 | FLYX/WS | FLYEXCLUSIVE INC | $37K | 367.5K | 0.00% | 0.0% | Held |
| 45 | — | GLOBAL BLUE GROUP HOLDING AG | $30K | 1.3M | 0.00% | 0.0% | Held |
9 exited positions
Positions held in the preceding quarter and absent from this filing. Values and shares are from the preceding quarter.
| Ticker | Issuer | Previous value | Previous shares |
|---|---|---|---|
| DHR | DANAHER CORPORATION | $436M | 1.9M |
| META | META PLATFORMS INC | $389M | 665.0K |
| FERG | FERGUSON ENTERPRISES INC | $208M | 1.2M |
| TSLA | TESLA INC | $202M | 500.0K |
| TMO | THERMO FISHER SCIENTIFIC INC | $182M | 350.0K |
| WDAY | WORKDAY INC | $129M | 500.0K |
| CNK | CINEMARK HLDGS INC | $116M | 3.8M |
| — | GLOBAL BLUE GROUP HOLDING AG | $58M | 8.4M |
| CCO | CLEAR CHANNEL OUTDOOR HLDGS | $1M | 900.0K |
Every quarter on file (53)
From the manager’s Form 13F-HR filings on SEC EDGAR, amendments applied. Long US positions only; not a recommendation.