13F filing · Mar 31, 2025

Third Point portfolio · Mar 31, 2025

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Frequently asked questions

What did Third Point hold in Mar 31, 2025?

Third Point reported 45 long holdings for Mar 31, 2025 in its 13F filing on Insider Deck.

What did Third Point buy last quarter?

Open the trades lens on the Third Point filing for Mar 31, 2025 to see adds, trims, new positions, and exits versus the prior report.

What is Third Point's largest position?

In the Mar 31, 2025 filing, one of the largest reported positions is PG&E CORP.

Institutional portfolio research

Third Point

Hedge fundThird Point

Portfolio managerDaniel Loeb

Performance · 2025 Q1↓ 5.96%

AUM (13F)$6.6BReported long U.S. value

# of holdings45Filed 5/15/2025

13F

Mar 2026LatestDec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024

Top Holdings

Stocks concentration

PG&AMPPG&E CORP

AMZNAmazon Com Inc

TAIWANTAIWAN SEMICONDUCTOR MFG LTD

LIVELIVE NATION ENTERTAINMENT IN

TELEPHTELEPHONE & DATA SYS INC

BNBROOKFIELD CORP

FLUTTEFLUTTER ENTMT PLC

KENVUEKENVUE INC

CORPAYCORPAY INC

APOLLOAPOLLO GLOBAL MGMT INC

LPLLPL FINL HLDGS INC

INTERCINTERCONTINENTAL EXCHANGE IN

CAPITACAPITAL ONE FINL CORP

JACOBSJACOBS SOLUTIONS INC

CARPENCARPENTER TECHNOLOGY CORP

EQTEQT CORP

NVIDIANVIDIA CORPORATION

COSTARCOSTAR GROUP INC

UNITEDUNITED STATES STL CORP NEW

FORTIVFORTIVE CORP

CASEYSCASEYS GEN STORES INC

DISCOVDISCOVER FINL SVCS

MSFTMicrosoft Corp

TALENTALEN ENERGY CORP

Ownership · 5QLatest activityEst. entryPrice · 3M

PG&E CORPCUSIP 69331C108

13.40%51.10M$878M

↑ +5.4%+2.60M shares

—Estimate pending for this holding

—

AMZN.MXAmazon Com Inc

6.82%2.35M$447M

↓ -31.9%−1.10M shares

—Estimate pending for this holding

—

TAIWAN SEMICONDUCTOR MFG LTDCUSIP 874039100

4.51%1.78M$295M

• 0.0%0 shares

—Estimate pending for this holding

—

LIVE NATION ENTERTAINMENT INCUSIP 538034109

4.19%2.10M$274M

↑ +22.1%+380K shares

—Estimate pending for this holding

—

TELEPHONE & DATA SYS INCCUSIP 879433829

4.00%6.76M$262M

↑ +12.7%+760K shares

—Estimate pending for this holding

—

CRH PLCCUSIP G25508105

3.65%2.71M$239M

• 0.0%0 shares

—Estimate pending for this holding

—

BNBROOKFIELD CORP

3.39%4.24M$222M

↓ -15.0%−750K shares

—Estimate pending for this holding

—

FLUTTER ENTMT PLCCUSIP G3643J108

3.28%970K$215M

↑ +11.5%+100K shares

—Estimate pending for this holding

—

KENVUE INCCUSIP 49177J102

3.26%8.90M$213M

NEW+8.90M shares

—Estimate pending for this holding

—

CORPAY INCCUSIP 219948106

3.25%610K$213M

• 0.0%0 shares

—Estimate pending for this holding

—

APOLLO GLOBAL MGMT INCCUSIP 03769M106

3.14%1.50M$205M

↑ +275.0%+1.10M shares

—Estimate pending for this holding

—

LPL FINL HLDGS INCCUSIP 50212V100

3.12%625K$204M

↓ -4.6%−30K shares

—Estimate pending for this holding

—

INTERCONTINENTAL EXCHANGE INCUSIP 45866F104

2.90%1.10M$190M

↓ -47.2%−985K shares

—Estimate pending for this holding

—

CAPITAL ONE FINL CORPCUSIP 14040H105

2.87%1.05M$188M

↑ +13.5%+125K shares

—Estimate pending for this holding

—

JACOBS SOLUTIONS INCCUSIP 46982L108

2.58%1.40M$169M

↓ -15.2%−250K shares

—Estimate pending for this holding

—

CARPENTER TECHNOLOGY CORPCUSIP 144285103

2.41%870K$158M

• 0.0%0 shares

—Estimate pending for this holding

—

EQT CORPCUSIP 26884L109

2.41%2.95M$158M

• 0.0%0 shares

—Estimate pending for this holding

—

NVIDIA CORPORATIONCUSIP 67066G104

2.40%1.45M$157M

NEW+1.45M shares

—Estimate pending for this holding

—

COSTAR GROUP INCCUSIP 22160N109

2.39%1.98M$156M

NEW+1.98M shares

—Estimate pending for this holding

—

UNITED STATES STL CORP NEWCUSIP 912909108

2.34%3.63M$153M

NEW+3.63M shares

—Estimate pending for this holding

—

FORTIVE CORPCUSIP 34959J108

2.12%1.90M$139M

• 0.0%0 shares

—Estimate pending for this holding

—

CASEYS GEN STORES INCCUSIP 147528103

1.99%300K$130M

NEW+300K shares

—Estimate pending for this holding

—

DISCOVER FINL SVCSCUSIP 254709108

1.93%740K$126M

↑ +15.6%+100K shares

—Estimate pending for this holding

—

MSFTMicrosoft Corp

1.80%315K$118M

↓ -47.5%−285K shares

—Estimate pending for this holding

—

TALEN ENERGY CORPCUSIP 87422Q109

1.78%585K$117M

NEW+585K shares

—Estimate pending for this holding

—

AT&T INCCUSIP 00206R102

1.61%3.77M$106M

NEW+3.77M shares

—Estimate pending for this holding

—

HESS CORPCUSIP 42809H107

1.52%625K$99.8M

• 0.0%0 shares

—Estimate pending for this holding

—

VISTRA CORPCUSIP 92840M102

1.52%850K$99.8M

↓ -15.0%−150K shares

—Estimate pending for this holding

—

PRIMO BRANDS CORPORATIONCUSIP 741623102

1.50%2.77M$98.5M

↑ +15.6%+375K shares

—Estimate pending for this holding

—

RB GLOBAL INCCUSIP 74935Q107

1.45%950K$95.3M

NEW+950K shares

—Estimate pending for this holding

—

APOLLO GLOBAL MGMT INCCUSIP 03769M304

1.00%900K$65.8M

• 0.0%0 shares

—Estimate pending for this holding

—

SHARKNINJA INCCUSIP G8068L108

0.70%550K$45.9M

NEW+550K shares

—Estimate pending for this holding

—

MEMBERSHIP COLLECTIVE GROUPCUSIP 586001109

0.49%5.20M$32.1M

↑ +121.1%+2.85M shares

—Estimate pending for this holding

—

PINTEREST INCCUSIP 72352L106

0.47%1M$31M

NEW+1M shares

—Estimate pending for this holding

—

SEADRILL 2021 LTDCUSIP G7997W102

0.39%1.02M$25.6M

• 0.0%0 shares

—Estimate pending for this holding

—

PG&E CORPCUSIP 69331CAL2

0.16%10M$10.6M

• 0.0%0 shares

—Estimate pending for this holding

—

HERTZ GLOBAL HLDGS INCCUSIP 42806J148

0.14%3.97M$9M

• 0.0%0 shares

—Estimate pending for this holding

—

AURORA INNOVATION INCCUSIP 051774107

0.11%1.03M$6.9M

• 0.0%0 shares

—Estimate pending for this holding

—

PG&E CORPCUSIP 69331C306

0.10%140K$6.3M

• 0.0%0 shares

—Estimate pending for this holding

—

FLYEXCLUSIVE INCCUSIP 343928107

0.05%1.02M$3.2M

• 0.0%0 shares

—Estimate pending for this holding

—

AURORA INNOVATION INCCUSIP 051774115

0.04%1.83M$2.6M

• 0.0%0 shares

—Estimate pending for this holding

—

NET POWER INCCUSIP 64107A113

0.00%500K$153K

• 0.0%0 shares

—Estimate pending for this holding

—

FLYEXCLUSIVE INCCUSIP 343928115

0.00%367K$36.8K

• 0.0%0 shares

—Estimate pending for this holding

—

GLOBAL BLUE GROUP HOLDING AGCUSIP H33700115

0.00%1.33M$29.6K

• 0.0%0 shares

—Estimate pending for this holding

—

Methodology13F filings report quarter-end positions, not trade fills. Estimated entry prices reconstruct rolling cost basis from share changes and Yahoo quarter-average closes. Performance is a derived prior-book return, not licensed fund NAV. Options and unresolved CUSIPs are excluded from estimates.