Third Point Dan Loeb
Holdings as of the end of Q4 2025, reported in its 13F filing on Feb 17, 2026; changes vs Q3 2025. Source
Reported value
$7.3B
at quarter-end prices
Positions
43
top 10 are 54% of it
Bought · Q4 2025
19
11 new, 8 added 20%+
Sold · Q4 2025
19
11 sold out, 8 cut 20%+
Holdings 43
| # | Stock | Company | Shares | Value | Of portfolio | Shares vs Q3 2025 |
|---|---|---|---|---|---|---|
| 1 | PCG | PG&E CORP | 34,300,000 | $551.2M | 7.6% | -32% |
| 2 | NVDA | NVIDIA CORPORATION | 2,950,000 | $550.2M | 7.6% | +4% |
| 3 | AMZN | AMAZON COM INC | 2,165,000 | $499.7M | 6.9% | -23% |
| 4 | MSFT | MICROSOFT CORP | 925,000 | $447.3M | 6.2% | -16% |
| 5 | UNP | UNION PAC CORP | 1,810,000 | $418.7M | 5.8% | +107% |
| 6 | — | CRH PLC | 2,600,000 | $324.5M | 4.5% | +20% |
| 7 | SGI | SOMNIGROUP INTERNATIONAL INC | 3,400,000 | $303.6M | 4.2% | +13% |
| 8 | BN | BROOKFIELD CORP | 6,200,000 | $284.5M | 3.9% | +33% |
| 9 | NSC | NORFOLK SOUTHN CORP | 975,000 | $281.5M | 3.9% | -41% |
| 10 | TDS | TELEPHONE & DATA SYS INC | 6,675,000 | $273.7M | 3.8% | — |
| 11 | COF | CAPITAL ONE FINL CORP | 1,100,000 | $266.6M | 3.7% | -21% |
| 12 | CASY | CASEYS GEN STORES INC | 455,000 | $251.5M | 3.5% | -9% |
| 13 | CRS | CARPENTER TECHNOLOGY CORP | 785,000 | $247.1M | 3.4% | -8% |
| 14 | LYV | LIVE NATION ENTERTAINMENT IN | 1,725,000 | $245.8M | 3.4% | +28% |
| 15 | CSGP | COSTAR GROUP INC | 3,165,000 | $212.8M | 2.9% | +5% |
| 16 | MTZ | MASTEC INC | 925,000 | $201.1M | 2.8% | +28% |
| 17 | RKT | ROCKET COS INC | 9,515,000 | $184.2M | 2.5% | +138% |
| 18 | LPLA | LPL FINL HLDGS INC | 510,000 | $182.2M | 2.5% | -14% |
| 19 | CMG | CHIPOTLE MEXICAN GRILL INC | 4,725,000 | $174.8M | 2.4% | new |
| 20 | CEG | CONSTELLATION ENERGY CORP | 475,000 | $167.8M | 2.3% | new |
| 21 | VST | VISTRA CORP | 1,005,000 | $162.1M | 2.2% | +7% |
| 22 | DHR | DANAHER CORPORATION | 600,000 | $137.4M | 1.9% | +1100% |
| 23 | SN | SHARKNINJA INC | 1,200,000 | $134.3M | 1.8% | -33% |
| 24 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | 425,000 | $129.2M | 1.8% | -61% |
| 25 | BABA | ALIBABA GROUP HLDG LTD | 825,000 | $120.9M | 1.7% | new |
| 26 | APG | API GROUP CORP | 3,000,000 | $114.8M | 1.6% | new |
| 27 | FIX | COMFORT SYS USA INC | 105,000 | $98M | 1.3% | -48% |
| 28 | SPOT | SPOTIFY TECHNOLOGY S A | 100,000 | $58.1M | 0.80% | new |
| 29 | KVUE | KENVUE INC | 3,250,000 | $56.1M | 0.77% | -64% |
| 30 | PGR | PROGRESSIVE CORP | 220,000 | $50.1M | 0.69% | new |
| 31 | TMO | THERMO FISHER SCIENTIFIC INC | 50,000 | $29M | 0.40% | new |
| 32 | SRTA | STRATA CRITICAL MEDICAL INC | 5,000,000 | $24.1M | 0.33% | — |
| 33 | WIX | WIX COM LTD | 225,000 | $23.4M | 0.32% | new |
| 34 | CSX | CSX CORP | 500,000 | $18.1M | 0.25% | new |
| 35 | HTZWW | HERTZ GLOBAL HLDGS INC | 3,970,000 | $10.6M | 0.15% | — |
| 36 | SPRY | ARS PHARMACEUTICALS INC | 556,237 | $6.5M | 0.09% | new |
| 37 | CTEV | CLARITEV CORPORATION | 145,000 | $6.2M | 0.09% | new |
| 38 | PCG | PG&E CORP | 140,000 | $5.7M | 0.08% | — |
| 39 | FLYX | FLYEXCLUSIVE INC | 1,022,000 | $4.2M | 0.06% | — |
| 40 | AUR | AURORA INNOVATION INC | 1,032,463 | $4M | 0.05% | — |
| 41 | BHC | BAUSCH HEALTH COS INC | 350,000 | $2.4M | 0.03% | +250% |
| 42 | AUROW | AURORA INNOVATION INC | 1,835,000 | $413.1K | 0.01% | — |
| 43 | FLYX-WS | FLYEXCLUSIVE INC | 367,499 | $104.7K | 0.00% | — |
Sold out in Q4 2025 11
| Stock | Company | Shares held in Q3 2025 | Value then | Of portfolio then |
|---|---|---|---|---|
| — | FLUTTER ENTMT PLC | 1,120,000 | $284.5M | 3.4% |
| — | MR COOPER GROUP INC | 925,000 | $195M | 2.3% |
| META | META PLATFORMS INC | 220,000 | $161.6M | 1.9% |
| TLN | TALEN ENERGY CORP | 350,000 | $148.9M | 1.8% |
| J | JACOBS SOLUTIONS INC | 915,000 | $137.1M | 1.6% |
| PRMB | PRIMO BRANDS CORPORATION | 5,775,000 | $127.6M | 1.5% |
| FND | FLOOR & DECOR HLDGS INC | 1,330,000 | $98M | 1.2% |
| APO | APOLLO GLOBAL MGMT INC | 650,000 | $86.6M | 1.0% |
| — | APOLLO GLOBAL MGMT INC | 900,000 | $63.3M | 0.76% |
| CORZ | CORE SCIENTIFIC INC NEW | 3,000,000 | $53.8M | 0.64% |
| CYH | COMMUNITY HEALTH SYS INC NEW | 150,000 | $481.5K | 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.