13F filing · Dec 31, 2025

Third Point portfolio · Dec 31, 2025

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Frequently asked questions

What did Third Point hold in Dec 31, 2025?

Third Point reported 44 long holdings for Dec 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 Dec 31, 2025 to see adds, trims, new positions, and exits versus the prior report.

What is Third Point's largest position?

In the Dec 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 Q4↑ 0.30%

AUM (13F)$7.3BReported long U.S. value

# of holdings44Filed 2/17/2026

13F

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

Top Holdings

Stocks concentration

PG&AMPPG&E CORP

NVIDIANVIDIA CORPORATION

AMZNAmazon Com Inc

MSFTMicrosoft Corp

UNIONUNION PAC CORP

TEMPURTEMPUR SEALY INTL INC

BNBROOKFIELD CORP

NORFOLNORFOLK SOUTHN CORP

TELEPHTELEPHONE & DATA SYS INC

CAPITACAPITAL ONE FINL CORP

CASEYSCASEYS GEN STORES INC

CARPENCARPENTER TECHNOLOGY CORP

LIVELIVE NATION ENTERTAINMENT IN

COSTARCOSTAR GROUP INC

MASTECMASTEC INC

ROCKETROCKET COS INC

LPLLPL FINL HLDGS INC

CHIPOTCHIPOTLE MEXICAN GRILL INC

CONSTECONSTELLATION ENERGY CORP

VISTRAVISTRA CORP

DANAHEDANAHER CORPORATION

SHARKNSHARKNINJA INC

TAIWANTAIWAN SEMICONDUCTOR MFG LTD

ALIBABALIBABA GROUP HLDG LTD

Ownership · 5QLatest activityEst. entryPrice · 3M

PG&E CORPCUSIP 69331C108

7.58%34.30M$551M

↓ -31.5%−15.80M shares

—Estimate pending for this holding

—

NVIDIA CORPORATIONCUSIP 67066G104

7.56%2.95M$550M

↑ +3.5%+100K shares

—Estimate pending for this holding

—

AMZN.MXAmazon Com Inc

6.87%2.17M$500M

↓ -23.0%−645K shares

—Estimate pending for this holding

—

MSFTMicrosoft Corp

6.15%925K$447M

↓ -15.9%−175K shares

—Estimate pending for this holding

—

UNION PAC CORPCUSIP 907818108

5.76%1.81M$419M

↑ +106.9%+935K shares

—Estimate pending for this holding

—

CRH PLCCUSIP G25508105

4.46%2.60M$324M

↑ +20.1%+435K shares

—Estimate pending for this holding

—

TEMPUR SEALY INTL INCCUSIP 88023U101

4.17%3.40M$304M

↑ +13.3%+400K shares

—Estimate pending for this holding

—

BNBROOKFIELD CORP

3.91%6.20M$285M

↑ +32.6%+1.52M shares

—Estimate pending for this holding

—

NORFOLK SOUTHN CORPCUSIP 655844108

3.87%975K$282M

↓ -40.9%−675K shares

—Estimate pending for this holding

—

TELEPHONE & DATA SYS INCCUSIP 879433829

3.76%6.67M$274M

↓ -0.5%−32.27K shares

—Estimate pending for this holding

—

CAPITAL ONE FINL CORPCUSIP 14040H105

3.66%1.10M$267M

↓ -20.6%−285K shares

—Estimate pending for this holding

—

CASEYS GEN STORES INCCUSIP 147528103

3.46%455K$251M

↓ -9.0%−45K shares

—Estimate pending for this holding

—

CARPENTER TECHNOLOGY CORPCUSIP 144285103

3.40%785K$247M

↓ -7.6%−65K shares

—Estimate pending for this holding

—

LIVE NATION ENTERTAINMENT INCUSIP 538034109

3.38%1.73M$246M

↑ +27.8%+375K shares

—Estimate pending for this holding

—

COSTAR GROUP INCCUSIP 22160N109

2.93%3.17M$213M

↑ +4.9%+148K shares

—Estimate pending for this holding

—

MASTEC INCCUSIP 576323109

2.76%925K$201M

↑ +27.6%+200K shares

—Estimate pending for this holding

—

ROCKET COS INCCUSIP 77311W101

2.53%9.52M$184M

↑ +137.9%+5.51M shares

—Estimate pending for this holding

—

LPL FINL HLDGS INCCUSIP 50212V100

2.50%510K$182M

↓ -14.2%−84.14K shares

—Estimate pending for this holding

—

CHIPOTLE MEXICAN GRILL INCCUSIP 169656105

2.40%4.72M$175M

NEW+4.72M shares

—Estimate pending for this holding

—

CONSTELLATION ENERGY CORPCUSIP 21037T109

2.31%475K$168M

NEW+475K shares

—Estimate pending for this holding

—

VISTRA CORPCUSIP 92840M102

2.23%1M$162M

↑ +7.5%+70K shares

—Estimate pending for this holding

—

DANAHER CORPORATIONCUSIP 235851102

1.89%600K$137M

↑ +1100.0%+550K shares

—Estimate pending for this holding

—

SHARKNINJA INCCUSIP G8068L108

1.85%1.20M$134M

↓ -33.3%−600K shares

—Estimate pending for this holding

—

TAIWAN SEMICONDUCTOR MFG LTDCUSIP 874039100

1.78%425K$129M

↓ -61.4%−675K shares

—Estimate pending for this holding

—

ALIBABA GROUP HLDG LTDCUSIP 01609W102

1.66%825K$121M

NEW+825K shares

—Estimate pending for this holding

—

API GROUP CORPCUSIP 00187Y100

1.58%3M$115M

NEW+3M shares

—Estimate pending for this holding

—

COMFORT SYS USA INCCUSIP 199908104

1.35%105K$98M

↓ -47.5%−95K shares

—Estimate pending for this holding

—

SPOTIFY TECHNOLOGY S ACUSIP L8681T102

0.80%100K$58.1M

NEW+100K shares

—Estimate pending for this holding

—

KENVUE INCCUSIP 49177J102

0.77%3.25M$56.1M

↓ -63.9%−5.75M shares

—Estimate pending for this holding

—

PROGRESSIVE CORPCUSIP 743315103

0.69%220K$50.1M

NEW+220K shares

—Estimate pending for this holding

—

THERMO FISHER SCIENTIFIC INCCUSIP 883556102

0.40%50K$29M

NEW+50K shares

—Estimate pending for this holding

—

STRATA CRITICAL MEDICAL INCCUSIP 092667104

0.33%5M$24.1M

• 0.0%0 shares

—Estimate pending for this holding

—

WIX COM LTDCUSIP M98068105

0.32%225K$23.4M

NEW+225K shares

—Estimate pending for this holding

—

CSX CORPCUSIP 126408103

0.25%500K$18.1M

NEW+500K shares

—Estimate pending for this holding

—

HERTZ GLOBAL HLDGS INCCUSIP 42806J148

0.15%3.97M$10.6M

• 0.0%0 shares

—Estimate pending for this holding

—

PG&E CORPCUSIP 69331CAL2

0.14%10M$10.3M

• 0.0%0 shares

—Estimate pending for this holding

—

ARS PHARMACEUTICALS INCCUSIP 82835W108

0.09%556K$6.5M

NEW+556K shares

—Estimate pending for this holding

—

CLARITEV CORPORATIONCUSIP 62548M209

0.09%145K$6.2M

NEW+145K shares

—Estimate pending for this holding

—

PG&E CORPCUSIP 69331C306

0.08%140K$5.7M

• 0.0%0 shares

—Estimate pending for this holding

—

FLYEXCLUSIVE INCCUSIP 343928107

0.06%1.02M$4.2M

• 0.0%0 shares

—Estimate pending for this holding

—

AURORA INNOVATION INCCUSIP 051774107

0.05%1.03M$4M

• 0.0%0 shares

—Estimate pending for this holding

—

BAUSCH HEALTH COS INCCUSIP 071734107

0.03%350K$2.4M

↑ +250.0%+250K shares

—Estimate pending for this holding

—

AURORA INNOVATION INCCUSIP 051774115

0.01%1.83M$413K

• 0.0%0 shares

—Estimate pending for this holding

—

FLYEXCLUSIVE INCCUSIP 343928115

0.00%367K$105K

• 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.