Manager record · ✦ curated · archived quarter
Third Point
Daniel Loeb (CEO) · New York, NY · CIK 1040273 · EDGAR filings ↗
Event-driven and activist equity manager.
$7.27BReported 13F value
44Positions
54.2%Top-10 weight
23.30Effective holdings
18.1%Est. turnover
+11New
−11Exits
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
25.0% (+1.3pp)
Technology
15.9% (-1.7pp)
Industrials
15.6% (+1.7pp)
Financial Services
13.4% (-1.4pp)
Utilities
12.2% (-0.8pp)
Communication Services
8.0% (+0.3pp)
Basic Materials
3.4% (+0.9pp)
Real Estate
2.9% (-0.2pp)
Healthcare
2.8% (+2.4pp)
Consumer Defensive
0.8% (-2.5pp)
Share of reported common-equity value; (±pp) vs prior quarter.
The portfolio · Q4 2025
| # | Security | Weight | Value | Shares | Δ shares | Held | |
|---|---|---|---|---|---|---|---|
| 1 | PCG PG&E Corporation | 7.6% | $551.20M | 34.30M | -31.5% | ▼ Trim | 7 |
| 2 | NVDA NVIDIA Corporation | 7.6% | $550.17M | 2.95M | +3.5% | ▲ Add | 4 |
| 3 | AMZN Amazon.com, Inc. | 6.9% | $499.73M | 2.17M | -22.9% | ▼ Trim | 7 |
| 4 | MSFT Microsoft Corporation | 6.2% | $447.35M | 925.00K | -15.9% | ▼ Trim | 7 |
| 5 | UNP Union Pacific Corporation | 5.8% | $418.69M | 1.81M | +106.9% | ▲ Add | 2 |
| 6 | RH Rh | 4.5% | $324.48M | 2.60M | +20.1% | ▲ Add | 7 |
| 7 | TPX Tempur Sealy International… | 4.2% | $303.55M | 3.40M | +13.3% | ▲ Add | 2 |
| 8 | BN Brookfield Corporation | 3.9% | $284.52M | 6.20M | -11.6% ✂ | ▼ Trim | 6 |
| 9 | NSC Norfolk Southern Corporation | 3.9% | $281.50M | 975.00K | -40.9% | ▼ Trim | 2 |
| 10 | TDS Telephone and Data Systems… | 3.8% | $273.68M | 6.67M | -0.5% | ▼ Trim | 7 |
| 11 | COF Capital One Financial… | 3.7% | $266.60M | 1.10M | -20.6% | ▼ Trim | 5 |
| 12 | CASY Casey's General Stores, Inc. | 3.5% | $251.48M | 455.00K | -9.0% | ▼ Trim | 4 |
| 13 | CRS Carpenter Technology… | 3.4% | $247.15M | 785.00K | -7.7% | ▼ Trim | 6 |
| 14 | LYV Live Nation Entertainment… | 3.4% | $245.81M | 1.73M | +27.8% | ▲ Add | 7 |
| 15 | CSGP CoStar Group, Inc. | 2.9% | $212.81M | 3.17M | +4.9% | ▲ Add | 4 |
| 16 | MTZ MasTec, Inc. | 2.8% | $201.07M | 925.00K | +27.6% | ▲ Add | 2 |
| 17 | RKT Rocket Companies, Inc. | 2.5% | $184.21M | 9.52M | +137.9% | ▲ Add | 3 |
| 18 | LPLA LPL Financial Holdings Inc. | 2.5% | $182.16M | 510.00K | -14.2% | ▼ Trim | 6 |
| 19 | CMG Chipotle Mexican Grill, Inc. | 2.4% | $174.82M | 4.72M | New | New | 1 |
| 20 | CEG Constellation Energy… | 2.3% | $167.80M | 475.00K | New | New | 1 |
| 21 | VST Vistra Corp. | 2.2% | $162.14M | 1.00M | +7.5% | ▲ Add | 7 |
| 22 | DHR Danaher Corporation | 1.9% | $137.35M | 600.00K | +1100.0% | ▲ Add | 3 |
| 23 | SN SharkNinja, Inc. | 1.8% | $134.28M | 1.20M | -33.3% | ▼ Trim | 4 |
| 24 | TSM Taiwan Semiconductor… | 1.8% | $129.15M | 425.00K | -61.4% | ▼ Trim | 7 |
| 25 | BABA Alibaba Group Holding… | 1.7% | $120.93M | 825.00K | New | New | 1 |
| 26 | APG APi Group Corporation | 1.6% | $114.78M | 3.00M | New | New | 1 |
| 27 | FIX Comfort Systems USA, Inc. | 1.3% | $98.00M | 105.00K | -47.5% | ▼ Trim | 3 |
| 28 | SPOT Spotify Technology S.A. | 0.8% | $58.07M | 100.00K | New | New | 1 |
| 29 | KVUE Kenvue Inc. | 0.8% | $56.06M | 3.25M | -63.9% | ▼ Trim | 4 |
| 30 | PGR The Progressive Corporation | 0.7% | $50.10M | 220.00K | New | New | 1 |
| 31 | TMO Thermo Fisher Scientific… | 0.4% | $28.97M | 50.00K | New | New | 1 |
| 32 | SRTA Strata Critical Medical… | 0.3% | $24.05M | 5.00M | 0.0% | Held | 2 |
| 33 | WIX Wix.com Ltd. | 0.3% | $23.38M | 225.00K | New | New | 1 |
| 34 | CSX CSX Corporation | 0.2% | $18.12M | 500.00K | New | New | 1 |
| 35 | HTZWW HERTZ GLOBAL HLDGS INC | 0.1% | $10.64M | 3.97M | 0.0% | Held | 7 |
| 36 | SPRY ARS Pharmaceuticals, Inc. | 0.1% | $6.48M | 556.24K | New | New | 1 |
| 37 | CTEV CLARITEV CORPORATION | 0.1% | $6.20M | 145.00K | New | New | 1 |
| 38 | PG&E CORP (unmapped) | — | $5.74M | 140.00K | — | — | |
| 39 | FLYX FLYEXCLUSIVE INC | 0.1% | $4.20M | 1.02M | 0.0% | Held | 7 |
| 40 | AUR Aurora Innovation, Inc. | 0.1% | $3.96M | 1.03M | 0.0% | Held | 7 |
| 41 | BHC Bausch Health Companies Inc. | 0.0% | $2.43M | 350.00K | +250.0% | ▲ Add | 2 |
| 42 | AURORA INNOVATION INC (unmapped) | — | $413,059 | 1.83M | — | — | |
| 43 | FLYEXCLUSIVE INC (unmapped) | — | $104,664 | 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 |
|---|---|---|---|---|---|---|
| CMG Chipotle Mexican Grill… | 4.72M | — | New | $174.82M | 2.4% | |
| CEG Constellation Energy… | 475.00K | — | New | $167.80M | 2.3% | |
| BABA Alibaba Group Holding… | 825.00K | — | New | $120.93M | 1.7% | |
| APG APi Group Corporation | 3.00M | — | New | $114.78M | 1.6% | |
| SPOT Spotify Technology S.A. | 100.00K | — | New | $58.07M | 0.8% | |
| PGR The Progressive… | 220.00K | — | New | $50.10M | 0.7% | |
| TMO Thermo Fisher… | 50.00K | — | New | $28.97M | 0.4% | |
| WIX Wix.com Ltd. | 225.00K | — | New | $23.38M | 0.3% | |
| CSX CSX Corporation | 500.00K | — | New | $18.12M | 0.2% | |
| SPRY ARS Pharmaceuticals… | 556.24K | — | New | $6.48M | 0.1% | |
| CTEV | 145.00K | — | New | $6.20M | 0.1% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| NVDA NVIDIA Corporation | 2.95M | 2.85M | +3.5% | $550.17M | 7.6% | ●●●●○○ |
| UNP Union Pacific… | 1.81M | 875.00K | +106.9% | $418.69M | 5.8% | ●●○○○○ |
| RH Rh | 2.60M | 2.17M | +20.1% | $324.48M | 4.5% | |
| TPX Tempur Sealy… | 3.40M | 3.00M | +13.3% | $303.55M | 4.2% | ●●○○○○ |
| CSGP CoStar Group, Inc. | 3.17M | 3.02M | +4.9% | $212.81M | 2.9% | |
| LYV Live Nation… | 1.73M | 1.35M | +27.8% | $245.81M | 3.4% | |
| MTZ MasTec, Inc. | 925.00K | 725.00K | +27.6% | $201.07M | 2.8% | ●●○○○○ |
| RKT Rocket Companies, Inc. | 9.52M | 4.00M | +137.9% | $184.21M | 2.5% | |
| VST Vistra Corp. | 1.00M | 935.00K | +7.5% | $162.14M | 2.2% | |
| DHR Danaher Corporation | 600.00K | 50.00K | +1100.0% | $137.35M | 1.9% | |
| BHC Bausch Health Companies… | 350.00K | 100.00K | +250.0% | $2.43M | 0.0% | ●●○○○○ |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| PCG PG&E Corporation | 34.30M | 50.10M | -31.5% | $551.20M | 7.6% | ●●○○○○ |
| AMZN Amazon.com, Inc. | 2.17M | 2.81M | -22.9% | $499.73M | 6.9% | |
| MSFT Microsoft Corporation | 925.00K | 1.10M | -15.9% | $447.35M | 6.2% | |
| NSC Norfolk Southern… | 975.00K | 1.65M | -40.9% | $281.50M | 3.9% | |
| BN Brookfield Corporation | 6.20M | 4.67M | -11.6% ✂ | $284.52M | 3.9% | |
| TSM Taiwan Semiconductor… | 425.00K | 1.10M | -61.4% | $129.15M | 1.8% | ●●●○○○ |
| COF Capital One Financial… | 1.10M | 1.39M | -20.6% | $266.60M | 3.7% | ●●○○○○ |
| CASY Casey's General Stores… | 455.00K | 500.00K | -9.0% | $251.48M | 3.5% | |
| TDS Telephone and Data… | 6.67M | 6.71M | -0.5% | $273.68M | 3.8% | ●●●○○○ |
| CRS Carpenter Technology… | 785.00K | 850.00K | -7.7% | $247.15M | 3.4% | |
| LPLA LPL Financial Holdings… | 510.00K | 594.14K | -14.2% | $182.16M | 2.5% | ●●○○○○ |
| SN SharkNinja, Inc. | 1.20M | 1.80M | -33.3% | $134.28M | 1.8% | |
| FIX Comfort Systems USA… | 105.00K | 200.00K | -47.5% | $98.00M | 1.3% | |
| KVUE Kenvue Inc. | 3.25M | 9.00M | -63.9% | $56.06M | 0.8% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| FLTR.L Flutter Entertainment… | — | 1.12M | Exit | $284.48M | 3.4% | |
| COOP Mr. Cooper Group Inc. | — | 925.00K | Exit | $194.98M | 2.3% | |
| META Meta Platforms, Inc. | — | 220.00K | Exit | $161.56M | 1.9% | |
| TLN Talen Energy Corporation | — | 350.00K | Exit | $148.88M | 1.8% | |
| J Jacobs Solutions Inc. | — | 915.00K | Exit | $137.12M | 1.6% | |
| PRMB Primo Brands Corporation | — | 5.78M | Exit | $127.63M | 1.5% | |
| FND Floor & Decor Holdings… | — | 1.33M | Exit | $98.02M | 1.2% | |
| APO Apollo Global… | — | 650.00K | Exit | $86.63M | 1.0% | |
| APO-PA Apollo Global… | — | 900.00K | Exit | $63.25M | 0.8% | |
| CORZ Core Scientific, Inc. | — | 3.00M | Exit | $53.82M | 0.6% | |
| CYH | — | 150.00K | Exit | $481,500 | 0.0% |
Position age
110–1 quarters
142–4 quarters
155–8 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: Q4 2025 · latest filing Aug 14, 2026 ·
Change methodology