Manager record · ✦ curated · archived quarter
Third Point
Daniel Loeb (CEO) · New York, NY · CIK 1040273 · EDGAR filings ↗
Event-driven and activist equity manager.
$8.99BReported 13F value
46Positions
53.3%Top-10 weight
23.50Effective holdings
17.9%Est. turnover
+9New
−16Exits
Reported 13F portfolio value covers U.S. reportable long positions only — not cash, bonds, shorts or non-U.S. holdings. It is not assets under management.
Sector exposure
Consumer Cyclical
23.7% (+4.5pp)
Technology
17.6% (-0.8pp)
Financial Services
14.8% (-5.5pp)
Industrials
13.9% (+8.1pp)
Utilities
13.0% (-2.7pp)
Communication Services
7.7% (-0.9pp)
Consumer Defensive
3.3% (-1.3pp)
Real Estate
3.1% (-0.2pp)
Basic Materials
2.5% (-0.2pp)
Healthcare
0.4% (-0.9pp)
Share of reported common-equity value; (±pp) vs prior quarter.
The portfolio · Q3 2025
| # | Security | Weight | Value | Shares | Δ shares | Held | |
|---|---|---|---|---|---|---|---|
| 1 | PCG PG&E Corporation | 9.0% | $755.51M | 50.10M | -2.0% | ▼ Trim | 6 |
| 2 | AMZN Amazon.com, Inc. | 7.4% | $616.99M | 2.81M | +3.7% | ▲ Add | 6 |
| 3 | MSFT Microsoft Corporation | 6.8% | $569.75M | 1.10M | +175.0% | ▲ Add | 6 |
| 4 | NVDA NVIDIA Corporation | 6.4% | $531.75M | 2.85M | +1.8% | ▲ Add | 3 |
| 5 | NSC Norfolk Southern Corporation | 5.9% | $495.68M | 1.65M | New | New | 1 |
| 6 | BN Brookfield Corporation | 3.8% | $320.61M | 4.67M | 0.0% | Held | 5 |
| 7 | TSM Taiwan Semiconductor… | 3.7% | $307.22M | 1.10M | -23.1% | ▼ Trim | 6 |
| 8 | COF Capital One Financial… | 3.5% | $294.42M | 1.39M | -23.2% | ▼ Trim | 4 |
| 9 | FLTR.L Flutter Entertainment plc | 3.4% | $284.48M | 1.12M | +4.7% | ▲ Add | 5 |
| 10 | CASY Casey's General Stores, Inc. | 3.4% | $282.66M | 500.00K | +38.9% | ▲ Add | 3 |
| 11 | TDS Telephone and Data Systems… | 3.1% | $263.19M | 6.71M | -0.3% | ▼ Trim | 6 |
| 12 | RH Rh | 3.1% | $259.58M | 2.17M | -16.4% | ▼ Trim | 6 |
| 13 | CSGP CoStar Group, Inc. | 3.0% | $254.54M | 3.02M | -2.2% | ▼ Trim | 3 |
| 14 | TPX Tempur Sealy International… | 3.0% | $252.99M | 3.00M | New | New | 1 |
| 15 | LYV Live Nation Entertainment… | 2.6% | $220.59M | 1.35M | -31.6% | ▼ Trim | 6 |
| 16 | CRS Carpenter Technology… | 2.5% | $208.71M | 850.00K | +13.3% | ▲ Add | 5 |
| 17 | UNP Union Pacific Corporation | 2.5% | $206.82M | 875.00K | New | New | 1 |
| 18 | LPLA LPL Financial Holdings Inc. | 2.4% | $197.67M | 594.14K | -4.9% | ▼ Trim | 5 |
| 19 | COOP Mr. Cooper Group Inc. | 2.3% | $194.98M | 925.00K | 0.0% | Held | 2 |
| 20 | SN SharkNinja, Inc. | 2.2% | $185.67M | 1.80M | +50.0% | ▲ Add | 3 |
| 21 | VST Vistra Corp. | 2.2% | $183.19M | 935.00K | -25.2% | ▼ Trim | 6 |
| 22 | FIX Comfort Systems USA, Inc. | 2.0% | $165.04M | 200.00K | +8.1% | ▲ Add | 2 |
| 23 | META Meta Platforms, Inc. | 1.9% | $161.56M | 220.00K | +46.7% | ▲ Add | 2 |
| 24 | MTZ MasTec, Inc. | 1.8% | $154.29M | 725.00K | New | New | 1 |
| 25 | TLN Talen Energy Corporation | 1.8% | $148.88M | 350.00K | -55.4% | ▼ Trim | 3 |
| 26 | KVUE Kenvue Inc. | 1.7% | $146.07M | 9.00M | +5.6% | ▲ Add | 3 |
| 27 | J Jacobs Solutions Inc. | 1.6% | $137.12M | 915.00K | -27.6% | ▼ Trim | 6 |
| 28 | PRMB Primo Brands Corporation | 1.5% | $127.63M | 5.78M | 0.0% | Held | 4 |
| 29 | FND Floor & Decor Holdings, Inc. | 1.2% | $98.02M | 1.33M | New | New | 1 |
| 30 | APO Apollo Global Management… | 1.0% | $86.63M | 650.00K | -49.0% | ▼ Trim | 6 |
| 31 | RKT Rocket Companies, Inc. | 0.9% | $77.52M | 4.00M | -15.8% | ▼ Trim | 2 |
| 32 | APO-PA Apollo Global Management… | 0.8% | $63.25M | 900.00K | 0.0% | Held | 6 |
| 33 | CORZ Core Scientific, Inc. | 0.6% | $53.82M | 3.00M | New | New | 1 |
| 34 | SRTA Strata Critical Medical… | 0.3% | $25.30M | 5.00M | New | New | 1 |
| 35 | HTZWW HERTZ GLOBAL HLDGS INC | 0.2% | $14.77M | 3.97M | 0.0% | Held | 6 |
| 36 | DHR Danaher Corporation | 0.1% | $9.91M | 50.00K | -90.0% | ▼ Trim | 2 |
| 37 | PG&E CORP (unmapped) | — | $5.51M | 140.00K | — | — | |
| 38 | FLYX FLYEXCLUSIVE INC | 0.1% | $5.05M | 1.02M | 0.0% | Held | 6 |
| 39 | AUR Aurora Innovation, Inc. | 0.0% | $2.17M | 1.03M | 0.0% | Held | 6 |
| 40 | AURORA INNOVATION INC (unmapped) | — | $877,000 | 1.83M | — | — | |
| 41 | BHC Bausch Health Companies Inc. | 0.0% | $645,000 | 100.00K | New | New | 1 |
| 42 | CYH COMMUNITY HEALTH SYS INC NEW | 0.0% | $481,500 | 150.00K | New | New | 1 |
| 43 | FLYEXCLUSIVE INC (unmapped) | — | $116,681 | 367.50K | — | — |
Common-stock (SH) positions only; option lines are in the Options tab and are never netted. ✂ = change computed against split-adjusted prior shares. “Held N+” = held every quarter in our window, possibly longer.
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| NSC Norfolk Southern… | 1.65M | — | New | $495.68M | 5.9% | |
| TPX Tempur Sealy… | 3.00M | — | New | $252.99M | 3.0% | |
| UNP Union Pacific… | 875.00K | — | New | $206.82M | 2.5% | |
| MTZ MasTec, Inc. | 725.00K | — | New | $154.29M | 1.8% | |
| FND Floor & Decor Holdings… | 1.33M | — | New | $98.02M | 1.2% | |
| CORZ Core Scientific, Inc. | 3.00M | — | New | $53.82M | 0.6% | |
| SRTA Strata Critical… | 5.00M | — | New | $25.30M | 0.3% | |
| BHC Bausch Health Companies… | 100.00K | — | New | $645,000 | 0.0% | |
| CYH | 150.00K | — | New | $481,500 | 0.0% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| AMZN Amazon.com, Inc. | 2.81M | 2.71M | +3.7% | $616.99M | 7.4% | ●●○○○○ |
| MSFT Microsoft Corporation | 1.10M | 400.00K | +175.0% | $569.75M | 6.8% | ●●○○○○ |
| NVDA NVIDIA Corporation | 2.85M | 2.80M | +1.8% | $531.75M | 6.4% | ●●●○○○ |
| FLTR.L Flutter Entertainment… | 1.12M | 1.07M | +4.7% | $284.48M | 3.4% | ●●●●●○ |
| CASY Casey's General Stores… | 500.00K | 360.00K | +38.9% | $282.66M | 3.4% | ●●●○○○ |
| CRS Carpenter Technology… | 850.00K | 750.00K | +13.3% | $208.71M | 2.5% | |
| SN SharkNinja, Inc. | 1.80M | 1.20M | +50.0% | $185.67M | 2.2% | ●●●○○○ |
| KVUE Kenvue Inc. | 9.00M | 8.53M | +5.6% | $146.07M | 1.7% | |
| FIX Comfort Systems USA… | 200.00K | 185.00K | +8.1% | $165.04M | 2.0% | ●●○○○○ |
| META Meta Platforms, Inc. | 220.00K | 150.00K | +46.7% | $161.56M | 1.9% | ●●○○○○ |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| PCG PG&E Corporation | 50.10M | 51.10M | -2.0% | $755.51M | 9.0% | |
| COF Capital One Financial… | 1.39M | 1.80M | -23.2% | $294.42M | 3.5% | |
| TSM Taiwan Semiconductor… | 1.10M | 1.43M | -23.1% | $307.22M | 3.7% | ●●○○○○ |
| LYV Live Nation… | 1.35M | 1.98M | -31.6% | $220.59M | 2.6% | ●●○○○○ |
| TDS Telephone and Data… | 6.71M | 6.72M | -0.3% | $263.19M | 3.1% | ●●○○○○ |
| RH Rh | 2.17M | 2.59M | -16.4% | $259.58M | 3.1% | ●●○○○○ |
| CSGP CoStar Group, Inc. | 3.02M | 3.08M | -2.2% | $254.54M | 3.0% | |
| VST Vistra Corp. | 935.00K | 1.25M | -25.2% | $183.19M | 2.2% | |
| LPLA LPL Financial Holdings… | 594.14K | 625.00K | -4.9% | $197.67M | 2.4% | |
| TLN Talen Energy Corporation | 350.00K | 785.00K | -55.4% | $148.88M | 1.8% | |
| APO Apollo Global… | 650.00K | 1.27M | -49.0% | $86.63M | 1.0% | ●●○○○○ |
| J Jacobs Solutions Inc. | 915.00K | 1.26M | -27.6% | $137.12M | 1.6% | ●●●○○○ |
| DHR Danaher Corporation | 50.00K | 500.00K | -90.0% | $9.91M | 0.1% | |
| RKT Rocket Companies, Inc. | 4.00M | 4.75M | -15.8% | $77.52M | 0.9% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| CPAY Corpay, Inc. | — | 685.00K | Exit | $227.30M | 3.0% | |
| ICE Intercontinental… | — | 950.00K | Exit | $174.30M | 2.3% | |
| RBA RB Global, Inc. | — | 695.00K | Exit | $73.80M | 1.0% | |
| WDAY Workday, Inc. | — | 300.00K | Exit | $72.00M | 0.9% | |
| FLS Flowserve Corporation | — | 1.20M | Exit | $62.56M | 0.8% | |
| FTV Fortive Corporation | — | 1.16M | Exit | $60.47M | 0.8% | |
| DOCU DocuSign, Inc. | — | 625.00K | Exit | $48.68M | 0.6% | |
| SHCO | — | 5.17M | Exit | $38.01M | 0.5% | |
| GTLS Chart Industries, Inc. | — | 215.00K | Exit | $35.40M | 0.5% | |
| SE Sea Limited | — | 50.00K | Exit | $8.00M | 0.1% | |
| RAL Ralliant Corp | — | 125.00K | Exit | $6.06M | 0.1% | |
| SABR Sabre Corporation | — | 750.00K | Exit | $2.37M | 0.0% | |
| TTAN ServiceTitan, Inc. | — | 15.00K | Exit | $1.61M | 0.0% | |
| CTEV | — | 30.00K | Exit | $1.35M | 0.0% | |
| ASIC | — | 50.00K | Exit | $1.08M | 0.0% | |
| ARDT Ardent Health Inc. | — | 75.00K | Exit | $1.02M | 0.0% |
| Underlying | Type | Underlying shares | Reported value |
|---|---|---|---|
| SPY | Put | 875.00K | $582.91M |
| KVUE | Call | 1.50M | $24.34M |
13Fs report option notional (underlying shares and market value) but not strike, expiry, or whether the option was bought or written — no direction can be inferred. Methodology
Position age
90–1 quarters
132–4 quarters
185–8 quarters
Consecutive quarters each current position has been reported, within our data window.
Similar managers
| Manager | Common positions | Name overlap | Weighted similarity | |
|---|---|---|---|---|
| Tiger Global Management | 8 | 10.8% | 0.3818 | Compare ⇄ |
| Soros Fund Management | 12 | 4.7% | 0.3614 | Compare ⇄ |
| Balyasny Asset Management L.P. | 31 | 1.6% | 0.3277 | Compare ⇄ |
| Holocene Advisors, LP | 16 | 2.0% | 0.3152 | Compare ⇄ |
| Walleye Trading LLC | 18 | 1.9% | 0.3137 | Compare ⇄ |
| Alkeon Capital Management Llc | 6 | 5.5% | 0.3124 | Compare ⇄ |
| Soroban Capital Partners LP | 4 | 7.3% | 0.2924 | Compare ⇄ |
| Massachusetts Financial Services Co /Ma/ | 21 | 2.1% | 0.2924 | Compare ⇄ |
Similarity of reported longs only — hedges and non-13F assets are invisible. Methodology
Filing record
Aug 14 2026
13F-HR · period Q2 2026
$4.68B · 43 positions · View original SEC filing ↗
May 15 2026
13F-HR · period Q1 2026
$2.08B · 33 positions · View original SEC filing ↗
Feb 17 2026
13F-HR · period Q4 2025
$7.27B · 44 positions · View original SEC filing ↗
Nov 14 2025
13F-HR · period Q3 2025
$8.99B · 46 positions · View original SEC filing ↗
Aug 14 2025
13F-HR · period Q2 2025
$7.62B · 51 positions · View original SEC filing ↗
May 15 2025
13F-HR · period Q1 2025
$6.55B · 45 positions · View original SEC filing ↗
Feb 14 2025
13F-HR · period Q4 2024
$7.44B · 43 positions · View original SEC filing ↗
Nov 14 2024
13F-HR · period Q3 2024
$7.43B · 42 positions · View original SEC filing ↗
Aug 14 2024
13F-HR · period Q2 2024
$8.74B · 44 positions · View original SEC filing ↗
Provenance: All holdings parsed from this manager's 13F information tables on SEC EDGAR; values as reported, whole USD. Changes compare the latest accepted version of each quarter (amendments incorporated) on split-adjusted share counts.
Reporting period: Q3 2025 · latest filing Aug 14, 2026 ·
Change methodology