Third Point Dan Loeb
Holdings as of the end of Q3 2025, reported in its 13F filing on Nov 14, 2025; changes vs Q2 2025. Source
Reported value
$8.4B
at quarter-end prices
Positions
43
top 10 are 53% of it
Bought · Q3 2025
13
9 new, 4 added 20%+
Sold · Q3 2025
24
16 sold out, 8 cut 20%+
Holdings 43
| # | Stock | Company | Shares | Value | Of portfolio | Shares vs Q2 2025 |
|---|---|---|---|---|---|---|
| 1 | PCG | PG&E CORP | 50,100,000 | $755.5M | 9.0% | -2% |
| 2 | AMZN | AMAZON COM INC | 2,810,000 | $617M | 7.4% | +4% |
| 3 | MSFT | MICROSOFT CORP | 1,100,000 | $569.7M | 6.8% | +175% |
| 4 | NVDA | NVIDIA CORPORATION | 2,850,000 | $531.8M | 6.4% | +2% |
| 5 | NSC | NORFOLK SOUTHN CORP | 1,650,000 | $495.7M | 5.9% | new |
| 6 | BN | BROOKFIELD CORP | 4,675,000 | $320.6M | 3.8% | — |
| 7 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | 1,100,000 | $307.2M | 3.7% | -23% |
| 8 | COF | CAPITAL ONE FINL CORP | 1,385,000 | $294.4M | 3.5% | -23% |
| 9 | — | FLUTTER ENTMT PLC | 1,120,000 | $284.5M | 3.4% | +5% |
| 10 | CASY | CASEYS GEN STORES INC | 500,000 | $282.7M | 3.4% | +39% |
| 11 | TDS | TELEPHONE & DATA SYS INC | 6,707,274 | $263.2M | 3.1% | — |
| 12 | — | CRH PLC | 2,165,000 | $259.6M | 3.1% | -16% |
| 13 | CSGP | COSTAR GROUP INC | 3,017,000 | $254.5M | 3.0% | -2% |
| 14 | SGI | SOMNIGROUP INTERNATIONAL INC | 3,000,000 | $253M | 3.0% | new |
| 15 | LYV | LIVE NATION ENTERTAINMENT IN | 1,350,000 | $220.6M | 2.6% | -32% |
| 16 | CRS | CARPENTER TECHNOLOGY CORP | 850,000 | $208.7M | 2.5% | +13% |
| 17 | UNP | UNION PAC CORP | 875,000 | $206.8M | 2.5% | new |
| 18 | LPLA | LPL FINL HLDGS INC | 594,143 | $197.7M | 2.4% | -5% |
| 19 | — | MR COOPER GROUP INC | 925,000 | $195M | 2.3% | — |
| 20 | SN | SHARKNINJA INC | 1,800,000 | $185.7M | 2.2% | +50% |
| 21 | VST | VISTRA CORP | 935,000 | $183.2M | 2.2% | -25% |
| 22 | FIX | COMFORT SYS USA INC | 200,000 | $165M | 2.0% | +8% |
| 23 | META | META PLATFORMS INC | 220,000 | $161.6M | 1.9% | +47% |
| 24 | MTZ | MASTEC INC | 725,000 | $154.3M | 1.8% | new |
| 25 | TLN | TALEN ENERGY CORP | 350,000 | $148.9M | 1.8% | -55% |
| 26 | KVUE | KENVUE INC | 9,000,000 | $146.1M | 1.7% | +6% |
| 27 | J | JACOBS SOLUTIONS INC | 915,000 | $137.1M | 1.6% | -28% |
| 28 | PRMB | PRIMO BRANDS CORPORATION | 5,775,000 | $127.6M | 1.5% | — |
| 29 | FND | FLOOR & DECOR HLDGS INC | 1,330,000 | $98M | 1.2% | new |
| 30 | APO | APOLLO GLOBAL MGMT INC | 650,000 | $86.6M | 1.0% | -49% |
| 31 | RKT | ROCKET COS INC | 4,000,000 | $77.5M | 0.93% | -16% |
| 32 | — | APOLLO GLOBAL MGMT INC | 900,000 | $63.3M | 0.76% | — |
| 33 | CORZ | CORE SCIENTIFIC INC NEW | 3,000,000 | $53.8M | 0.64% | new |
| 34 | SRTA | STRATA CRITICAL MEDICAL INC | 5,000,000 | $25.3M | 0.30% | new |
| 35 | HTZWW | HERTZ GLOBAL HLDGS INC | 3,970,000 | $14.8M | 0.18% | — |
| 36 | DHR | DANAHER CORPORATION | 50,000 | $9.9M | 0.12% | -90% |
| 37 | PCG | PG&E CORP | 140,000 | $5.5M | 0.07% | — |
| 38 | FLYX | FLYEXCLUSIVE INC | 1,022,000 | $5M | 0.06% | — |
| 39 | AUR | AURORA INNOVATION INC | 1,032,463 | $2.2M | 0.03% | — |
| 40 | AUROW | AURORA INNOVATION INC | 1,835,000 | $877K | 0.01% | — |
| 41 | BHC | BAUSCH HEALTH COS INC | 100,000 | $645K | 0.01% | new |
| 42 | CYH | COMMUNITY HEALTH SYS INC NEW | 150,000 | $481.5K | 0.01% | new |
| 43 | FLYX-WS | FLYEXCLUSIVE INC | 367,499 | $116.7K | 0.00% | — |
Sold out in Q3 2025 16
| Stock | Company | Shares held in Q2 2025 | Value then | Of portfolio then |
|---|---|---|---|---|
| CPAY | CORPAY INC | 685,000 | $227.3M | 3.0% |
| ICE | INTERCONTINENTAL EXCHANGE IN | 950,000 | $174.3M | 2.3% |
| RBA | RB GLOBAL INC | 695,000 | $73.8M | 0.97% |
| WDAY | WORKDAY INC | 300,000 | $72M | 0.95% |
| FLS | FLOWSERVE CORP | 1,195,000 | $62.6M | 0.82% |
| FTV | FORTIVE CORP | 1,160,000 | $60.5M | 0.79% |
| DOCU | DOCUSIGN INC | 625,000 | $48.7M | 0.64% |
| — | SOHO HOUSE & CO INC | 5,171,676 | $38M | 0.50% |
| — | CHART INDS INC | 215,000 | $35.4M | 0.47% |
| SE | SEA LTD | 50,000 | $8M | 0.11% |
| RAL | RALLIANT CORP | 125,003 | $6.1M | 0.08% |
| SABR | SABRE CORP | 750,000 | $2.4M | 0.03% |
| TTAN | SERVICETITAN INC | 15,000 | $1.6M | 0.02% |
| CTEV | CLARITEV CORPORATION | 30,000 | $1.4M | 0.02% |
| ASIC | ATEGRITY SPECIALTY IN CO HO | 50,000 | $1.1M | 0.01% |
| ARDT | ARDENT HEALTH INC | 75,000 | $1M | 0.01% |
13F filings list US-listed long positions (stocks and ADRs) at the quarter's end: no shorts, cash, bonds or foreign shares; options and principal amounts are left out here. Trades made after the quarter ended don't show until the next filing. Changes compare share counts with the quarter before (splits can show as adds). Not investment advice.