FilingsTodayThird Point
At a glance
A hedge fund founded by Daniel Loeb in 1995 that combines event-driven investing, such as spin-offs and restructurings, with activist campaigns. It is often in the news for its public letters to company boards.
At the end of 2026 Q2, Third Point's 13F listed 36 US stocks worth $4.64B. The largest position was Warner Bros Discovery at 11.5% of the portfolio, and the top 10 made up 62.2%, a moderately concentrated book. The five biggest holdings were Warner Bros Discovery ($533.2M), Alphabet ($442.5M), Amazon COM ($417.1M), CRH ($234.9M) and Telephone & Data Systems ($232.2M).
Against 2026 Q1, it opened 14 new positions and sold out of 9. The largest new positions were Warner Bros Discovery ($533.2M), Keysight Technologies ($204.8M), Block ($194.5M), Flex ($166.9M) and TTM Technologies ($94.4M). Among the bigger holdings it added to Alphabet (+1342.9% shares), CRH (+15.5% shares) and Taiwan Semiconductor Manufacturing (+67.3% shares). It trimmed Amazon COM (-9.8%), Telephone & Data Systems (-4.9%) and Carpenter Technology (-30.6%). Positions it exited include Meta Platforms, Spdr Gold Trust, Nvidia, KLA and LAM Research.
Over 8 quarters from 2024 Q3 to 2026 Q2, the reported portfolio went from $7.43B to $4.64B (-37.5%) and from 39 to 36 stocks. It was largest at 2025 Q3 ($8.37B). The largest holding changed over the period: PCG, AMZN and Warner Bros Discovery. New positions and exits added up to 161 over these quarters.
Top 10 by weight
Quarter by quarter (last 8)
| Quarter | Total value | Stocks | New | Exited | Largest |
|---|---|---|---|---|---|
| 2026 Q2 | $4.64B | 36 | 14 | 9 | Warner Bros Discovery |
| 2026 Q1 | $2.08B | 31 | 10 | 19 | AMZN |
| 2025 Q4 | $7.26B | 40 | 11 | 10 | PCG |
| 2025 Q3 | $8.37B | 39 | 9 | 16 | PCG |
| 2025 Q2 | $7.61B | 46 | 16 | 9 | PCG |
| 2025 Q1 | $6.36B | 39 | 11 | 10 | PCG |
| 2024 Q4 | $7.44B | 38 | 8 | 9 | PCG |
| 2024 Q3 | $7.43B | 39 | - | - | PCG |
Holdings top 36
| Stock | Value | Weight | Share change |
|---|---|---|---|
| Warner Bros DiscoveryNew | $533.2M | 11.48% | New |
| Alphabet GOOGLAdded | $442.5M | 9.53% | +1342.9% |
| Amazon COM AMZNReduced | $417.1M | 8.98% | -9.8% |
| CRHAdded | $234.9M | 5.06% | +15.5% |
| Telephone & Data Systems TDSReduced | $232.2M | 5.00% | -4.9% |
| Taiwan Semiconductor Manufacturing TSMAdded | $219.7M | 4.73% | +67.3% |
| Live Nation Entertainment LYVAdded | $207.8M | 4.48% | +144.1% |
| Keysight Technologies KEYSNew | $204.8M | 4.41% | New |
| Somnigroup International SGIAdded | $201.5M | 4.34% | +13.2% |
| Block XYZNew | $194.5M | 4.19% | New |
| Norfolk Southern NSCAdded | $188.8M | 4.07% | +500.0% |
| Flex FLEXNew | $166.9M | 3.60% | New |
| Capital ONE Financial COFAdded | $165.5M | 3.56% | +489.3% |
| Hut 8 HUTAdded | $151.8M | 3.27% | +51.2% |
| Carpenter Technology CRSReduced | $132.6M | 2.86% | -30.6% |
| APi Group APGAdded | $121.3M | 2.61% | +41.1% |
| Mastec MTZReduced | $120.7M | 2.60% | -9.4% |
| TransDigm Group TDGAdded | $105.2M | 2.27% | +216.0% |
| Danaher DHRAdded | $102.9M | 2.22% | +2.9% |
| Union Pacific UNPAdded | $95.2M | 2.05% | +250.0% |
| TTM Technologies TTMINew | $94.4M | 2.03% | New |
| Performance Food Group PFGCNew | $75.5M | 1.63% | New |
| Asml Holding ASMLAdded | $59.6M | 1.28% | +150.0% |
| SYS SYYNew | $48.2M | 1.04% | New |
| Ares Management ARESNew | $41.7M | 0.90% | New |
| Space Exploration Technologies SPCXNew | $30.8M | 0.66% | New |
| Strata Critical Medical SRTA | $26.4M | 0.57% | 0.0% |
| ARS Pharmaceuticals SPRY | $8M | 0.17% | 0.0% |
| Aurora Innovation AUR | $7.6M | 0.16% | 0.0% |
| Hertz Global Holdings HTZ | $4.3M | 0.09% | 0.0% |
| Flyexclusive FLYX | $2.1M | 0.05% | 0.0% |
| Bausch Plus LombNew | $1.4M | 0.03% | New |
| Core Scientific CORZNew | $1.4M | 0.03% | New |
| ERock EROCNew | $1.2M | 0.03% | New |
| Applied Digital APLDNew | $821K | 0.02% | New |
| Wolfspeed WOLFNew | $483K | 0.01% | New |
Sold out (vs 2026 Q1)
Source: SEC Form 13F. Options and bonds are excluded; multiple lines for the same stock are combined. Stocks are matched by their SEC-registered names.