Institutional Manager · CIK 0001040273
Third Point LLC
NEW YORK, NY · File #028-06970
Latest AUM
$7.27B
Positions
44
Top-10 Concentration
54.1%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| EXITED | SPDR S&P 500 ETF TR | 78462F103 | -875,000 | -$582.9M | $0 |
| EXITED | FLUTTER ENTMT PLC | G3643J108 | -1,120,000 | -$284.5M | $0 |
| REDUCE | PG&E CORP | PCG-PX | -15,800,000 | -$253.9M | +$49.6M |
| ADD | UNION PAC CORP | UNP | +935,000 | +$216.3M | -$4.4M |
| REDUCE | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | -675,000 | -$205.1M | +$27.1M |
| EXITED | MR COOPER GROUP INC | 62482R107 | -925,000 | -$195.0M | $0 |
| REDUCE | NORFOLK SOUTHN CORP | 655844108 | -675,000 | -$194.9M | -$19.3M |
| NEW | CHIPOTLE MEXICAN GRILL INC | CMG | +4,725,000 | +$174.8M | $0 |
| NEW | CONSTELLATION ENERGY CORP | CEG | +475,000 | +$167.8M | $0 |
| EXITED | META PLATFORMS INC | 30303M102 | -220,000 | -$161.6M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202544 pos · $7.27B
- 13F HOLDINGS REPORTQ/E Sep 202546 pos · $8.99B
- 13F HOLDINGS REPORTQ/E Jun 202551 pos · $7.62B
- 13F HOLDINGS REPORTQ/E Mar 202545 pos · $6.55B
- 13F HOLDINGS REPORTQ/E Dec 202443 pos · $7.44B
- 13F HOLDINGS REPORTQ/E Sep 202442 pos · $7.43B
- 13F HOLDINGS REPORTQ/E Jun 202444 pos · $8.74B
- 13F HOLDINGS REPORTQ/E Mar 202440 pos · $7.85B
- 13F HOLDINGS REPORTQ/E Dec 202342 pos · $6.59B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | PG&E CORP | PCG-PX | 34,300,000 | $551.2M | 7.58% |
| 2 | NVIDIA CORPORATION | NVDA | 2,950,000 | $550.2M | 7.56% |
| 3 | AMAZON COM INC | AMZN | 2,165,000 | $499.7M | 6.87% |
| 4 | MICROSOFT CORP | MSFT | 925,000 | $447.3M | 6.15% |
| 5 | UNION PAC CORP | UNP | 1,810,000 | $418.7M | 5.76% |
| 6 | CRH PLC | CRH | 2,600,000 | $324.5M | 4.46% |
| 7 | SOMNIGROUP INTERNATIONAL INC | SGI | 3,400,000 | $303.6M | 4.17% |
| 8 | BROOKFIELD CORP | 11271J107 | 6,200,000 | $284.5M | 3.91% |
| 9 | NORFOLK SOUTHN CORP | 655844108 | 975,000 | $281.5M | 3.87% |
| 10 | TELEPHONE & DATA SYS INC | TDS-PV | 6,675,000 | $273.7M | 3.76% |
| 11 | CAPITAL ONE FINL CORP | 14040H105 | 1,100,000 | $266.6M | 3.66% |
| 12 | CASEYS GEN STORES INC | 147528103 | 455,000 | $251.5M | 3.46% |
| 13 | CARPENTER TECHNOLOGY CORP | CRS | 785,000 | $247.1M | 3.40% |
| 14 | LIVE NATION ENTERTAINMENT IN | LYV | 1,725,000 | $245.8M | 3.38% |
| 15 | COSTAR GROUP INC | CSGP | 3,165,000 | $212.8M | 2.93% |
| 16 | MASTEC INC | MTZ | 925,000 | $201.1M | 2.76% |
| 17 | ROCKET COS INC | 77311W101 | 9,515,000 | $184.2M | 2.53% |
| 18 | LPL FINL HLDGS INC | 50212V100 | 510,000 | $182.2M | 2.50% |
| 19 | CHIPOTLE MEXICAN GRILL INC | CMG | 4,725,000 | $174.8M | 2.40% |
| 20 | CONSTELLATION ENERGY CORP | CEG | 475,000 | $167.8M | 2.31% |