Daniel Loeb’s portfolio: Third Point 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001040273Latest: Q2 2026
Q3 2025 filing in brief
In its Q3 2025 13F, filed November 14, 2025, Third Point reported $9.0B across 46 US positions. The largest: PCG (8.4%), AMZN (6.9%), MSFT (6.3%), NVDA (5.9%), NSC (5.5%). In the quarter it opened 11 positions, sold out of 16, added to 10 and trimmed 13; positions opened and sold out came to 32.6% 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 Nov 14, 2025
- 11 New
- 10 Added
- 13 Trimmed
- 16 Exited
46 positions at September 30, 2025. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | PCG | PG&E CORP | $756M | 50.1M | 8.40% | −2.0% | Trimmed |
| 2 | AMZN | AMAZON COM INC | $617M | 2.8M | 6.86% | +3.7% | Added |
| 3 | SPY | SPDR S&P 500 ETF TRput option | $583M | 875.0K | 6.48% | — | New |
| 4 | MSFT | MICROSOFT CORP | $570M | 1.1M | 6.34% | +175.0% | Added |
| 5 | NVDA | NVIDIA CORPORATION | $532M | 2.9M | 5.92% | +1.8% | Added |
| 6 | NSC | NORFOLK SOUTHN CORP | $496M | 1.6M | 5.51% | — | New |
| 7 | BN | BROOKFIELD CORP | $321M | 4.7M | 3.57% | 0.0% | Held |
| 8 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $307M | 1.1M | 3.42% | −23.1% | Trimmed |
| 9 | COF | CAPITAL ONE FINL CORP | $294M | 1.4M | 3.28% | −23.2% | Trimmed |
| 10 | FLUT | FLUTTER ENTMT PLC | $284M | 1.1M | 3.16% | +4.7% | Added |
| 11 | CASY | CASEYS GEN STORES INC | $283M | 500.0K | 3.14% | +38.9% | Added |
| 12 | TDS | TELEPHONE & DATA SYS INC | $263M | 6.7M | 2.93% | −0.3% | Held |
| 13 | — | CRH PLC | $260M | 2.2M | 2.89% | −16.4% | Trimmed |
| 14 | CSGP | COSTAR GROUP INC | $255M | 3.0M | 2.83% | −2.2% | Trimmed |
| 15 | SGI | SOMNIGROUP INTERNATIONAL INC | $253M | 3.0M | 2.81% | — | New |
| 16 | LYV | LIVE NATION ENTERTAINMENT IN | $221M | 1.4M | 2.45% | −31.6% | Trimmed |
| 17 | CRS | CARPENTER TECHNOLOGY CORP | $209M | 850.0K | 2.32% | +13.3% | Added |
| 18 | UNP | UNION PAC CORP | $207M | 875.0K | 2.30% | — | New |
| 19 | LPLA | LPL FINL HLDGS INC | $198M | 594.1K | 2.20% | −4.9% | Trimmed |
| 20 | 07WA | MR COOPER GROUP INC | $195M | 925.0K | 2.17% | 0.0% | Held |
| 21 | — | SHARKNINJA INC | $186M | 1.8M | 2.07% | +50.0% | Added |
| 22 | VST | VISTRA CORP | $183M | 935.0K | 2.04% | −25.2% | Trimmed |
| 23 | FIX | COMFORT SYS USA INC | $165M | 200.0K | 1.84% | +8.1% | Added |
| 24 | META | META PLATFORMS INC | $162M | 220.0K | 1.80% | +46.7% | Added |
| 25 | MTZ | MASTEC INC | $154M | 725.0K | 1.72% | — | New |
| 26 | TLN | TALEN ENERGY CORP | $149M | 350.0K | 1.66% | −55.4% | Trimmed |
| 27 | KVUE | KENVUE INC | $146M | 9.0M | 1.62% | +5.6% | Added |
| 28 | J | JACOBS SOLUTIONS INC | $137M | 915.0K | 1.53% | −27.6% | Trimmed |
| 29 | PRMB | PRIMO BRANDS CORPORATION | $128M | 5.8M | 1.42% | 0.0% | Held |
| 30 | FND | FLOOR & DECOR HLDGS INC | $98M | 1.3M | 1.09% | — | New |
| 31 | APO | APOLLO GLOBAL MGMT INC | $87M | 650.0K | 0.96% | −49.0% | Trimmed |
| 32 | RKT | ROCKET COS INC | $78M | 4.0M | 0.86% | −15.8% | Trimmed |
| 33 | APO 6.75 07/31/26 | APOLLO GLOBAL MGMT INC | $63M | 900.0K | 0.70% | 0.0% | Held |
| 34 | CORZ | CORE SCIENTIFIC INC NEW | $54M | 3.0M | 0.60% | — | New |
| 35 | SRTA | STRATA CRITICAL MEDICAL INC | $25M | 5.0M | 0.28% | — | New |
| 36 | KVUE | KENVUE INCcall option | $24M | 1.5M | 0.27% | — | New |
| 37 | HTZWW | HERTZ GLOBAL HLDGS INC | $15M | 4.0M | 0.16% | 0.0% | Held |
| 38 | PCG 4.25 12/01/27 | PG&E CORP | $10M | 10.0M | 0.11% | 0.0% | Held |
| 39 | DHR | DANAHER CORPORATION | $10M | 50.0K | 0.11% | −90.0% | Trimmed |
| 40 | PCG 6 12/01/27 A | PG&E CORP | $6M | 140.0K | 0.06% | 0.0% | Held |
| 41 | FLYX | FLYEXCLUSIVE INC | $5M | 1.0M | 0.06% | 0.0% | Held |
| 42 | AUR | AURORA INNOVATION INC | $2M | 1.0M | 0.02% | 0.0% | Held |
| 43 | AUROW | AURORA INNOVATION INC | $877K | 1.8M | 0.01% | 0.0% | Held |
| 44 | BHC | BAUSCH HEALTH COS INC | $645K | 100.0K | 0.01% | — | New |
| 45 | CYH | COMMUNITY HEALTH SYS INC NEW | $482K | 150.0K | 0.01% | — | New |
| 46 | FLYX/WS | FLYEXCLUSIVE INC | $117K | 367.5K | 0.00% | 0.0% | Held |
16 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 |
|---|---|---|---|
| CPAY | CORPAY INC | $227M | 685.0K |
| ICE | INTERCONTINENTAL EXCHANGE IN | $174M | 950.0K |
| RBA | RB GLOBAL INC | $74M | 695.0K |
| WDAY | WORKDAY INC | $72M | 300.0K |
| FLS | FLOWSERVE CORP | $63M | 1.2M |
| FTV | FORTIVE CORP | $60M | 1.2M |
| DOCU | DOCUSIGN INC | $49M | 625.0K |
| 75Z | SOHO HOUSE & CO INC | $38M | 5.2M |
| GTLS | CHART INDS INC | $35M | 215.0K |
| SE | SEA LTD | $8M | 50.0K |
| RAL | RALLIANT CORP | $6M | 125.0K |
| SABR | SABRE CORP | $2M | 750.0K |
| TTAN | SERVICETITAN INC | $2M | 15.0K |
| CTEV | CLARITEV CORPORATION | $1M | 30.0K |
| ASIC | ATEGRITY SPECIALTY IN CO HO | $1M | 50.0K |
| ARDT | ARDENT HEALTH INC | $1M | 75.0K |
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.