Daniel Loeb - Third Point Portfolio Holdings
As of Dec 31, 2025, the Third Point portfolio holdings is valued at approximately $7,274,621,868.00 featuring 43 publicly traded holdings. This in-depth profile highlights the top investments led by PG&E CORP (PCG), NVIDIA CORPORATION (NVDA), AMAZON COM INC (AMZN), MICROSOFT CORP (MSFT), and others based on the company's latest SEC filings reported on Feb 17, 2026. Explore insights into portfolio composition, sector allocation, and recent trade activity.
Third Point's stock portfolio spans 43 holdings across 10 sectors, with a total market value of $7,274,621,868.00. The Industrials sector represents the largest allocation, while the top holdings account for nearly 54% of the total portfolio value. PG&E CORP remains the single largest position at 7.6% of all equity investments.
Complete Holdings
Showing 43 of 43 holdings.
| # | Company | Symbol | Sector | Portfolio % | Shares | Change (Shares) | Change % | Value |
|---|---|---|---|---|---|---|---|---|
| 1 | PG&E CORP | PCG | Utilities | 7.58% | 34,300,000 | -15,800,000 | -31.54% | $551,201,000.00 |
| 2 | NVIDIA CORPORATION | NVDA | Technology | 7.56% | 2,950,000 | +100,000 | +3.51% | $550,175,000.00 |
| 3 | AMAZON COM INC | AMZN | Consumer Cyclical | 6.87% | 2,165,000 | -645,000 | -22.95% | $499,725,300.00 |
| 4 | MICROSOFT CORP | MSFT | Technology | 6.15% | 925,000 | -175,000 | -15.91% | $447,348,500.00 |
| 5 | UNION PAC CORP | UNP | Industrials | 5.76% | 1,810,000 | +935,000 | +106.86% | $418,689,200.00 |
| 6 | CRH PLC | CRH | Other | 4.46% | 2,600,000 | +435,000 | +20.09% | $324,480,000.00 |
| 7 | SOMNIGROUP INTERNATIONAL INC | TPX | Consumer Cyclical | 4.17% | 3,400,000 | +400,000 | +13.33% | $303,552,000.00 |
| 8 | BROOKFIELD CORP | BN | Financial Services | 3.91% | 6,200,000 | +1,525,000 | +32.62% | $284,518,000.00 |
| 9 | NORFOLK SOUTHN CORP | NSC | Industrials | 3.87% | 975,000 | -675,000 | -40.91% | $281,502,000.00 |
| 10 | TELEPHONE & DATA SYS INC | TDS | Communication Services | 3.76% | 6,675,000 | -32,274 | -0.48% | $273,675,000.00 |
| 11 | CAPITAL ONE FINL CORP | COF | Financial Services | 3.66% | 1,100,000 | -285,000 | -20.58% | $266,596,000.00 |
| 12 | CASEYS GEN STORES INC | CASY | Consumer Cyclical | 3.46% | 455,000 | -45,000 | -9.00% | $251,483,050.00 |
| 13 | CARPENTER TECHNOLOGY CORP | CRS | Industrials | 3.40% | 785,000 | -65,000 | -7.65% | $247,149,400.00 |
| 14 | LIVE NATION ENTERTAINMENT IN | LYV | Communication Services | 3.38% | 1,725,000 | +375,000 | +27.78% | $245,812,500.00 |
| 15 | COSTAR GROUP INC | CSGP | Real Estate | 2.93% | 3,165,000 | +148,000 | +4.91% | $212,814,600.00 |
| 16 | MASTEC INC | MTZ | Industrials | 2.76% | 925,000 | +200,000 | +27.59% | $201,067,250.00 |
| 17 | ROCKET COS INC | RKT | Financial Services | 2.53% | 9,515,000 | +5,515,000 | +137.88% | $184,210,400.00 |
| 18 | LPL FINL HLDGS INC | LPLA | Financial Services | 2.50% | 510,000 | -84,143 | -14.16% | $182,156,700.00 |
| 19 | CHIPOTLE MEXICAN GRILL INC | CMG | Consumer Cyclical | 2.40% | 4,725,000 | +4,725,000 | +100.00% | $174,825,000.00 |
| 20 | CONSTELLATION ENERGY CORP | CEG | Utilities | 2.31% | 475,000 | +475,000 | +100.00% | $167,803,250.00 |
| 21 | VISTRA CORP | VST | Utilities | 2.23% | 1,005,000 | +70,000 | +7.49% | $162,136,650.00 |
| 22 | DANAHER CORPORATION | DHR | Healthcare | 1.89% | 600,000 | +550,000 | +1100.00% | $137,352,000.00 |
| 23 | SHARKNINJA INC | SN | Other | 1.85% | 1,200,000 | -600,000 | -33.33% | $134,280,000.00 |
| 24 | TAIWAN SEMICONDUCTOR MFG LTD | TSM | Technology | 1.78% | 425,000 | -675,000 | -61.36% | $129,153,250.00 |
| 25 | ALIBABA GROUP HLDG LTD | BABA | Consumer Cyclical | 1.66% | 825,000 | -2,125,000 | -72.03% | $120,928,500.00 |
| 26 | API GROUP CORP | APG | Industrials | 1.58% | 3,000,000 | +3,000,000 | +100.00% | $114,780,000.00 |
| 27 | COMFORT SYS USA INC | FIX | Industrials | 1.35% | 105,000 | -95,000 | -47.50% | $97,995,450.00 |
| 28 | SPOTIFY TECHNOLOGY S A | SPOT | Other | 0.80% | 100,000 | +100,000 | +100.00% | $58,071,000.00 |
| 29 | KENVUE INC | KVUE | Consumer Defensive | 0.77% | 3,250,000 | -5,750,000 | -63.89% | $56,062,500.00 |
| 30 | PROGRESSIVE CORP | PGR | Financial Services | 0.69% | 220,000 | +220,000 | +100.00% | $50,098,400.00 |
| 31 | THERMO FISHER SCIENTIFIC INC | TMO | Healthcare | 0.40% | 50,000 | -300,000 | -85.71% | $28,972,500.00 |
| 32 | STRATA CRITICAL MEDICAL INC | BLDE | Industrials | 0.33% | 5,000,000 | - | - | $24,050,000.00 |
| 33 | WIX COM LTD | WIX | Other | 0.32% | 225,000 | +225,000 | +100.00% | $23,375,250.00 |
| 34 | CSX CORP | CSX | Industrials | 0.25% | 500,000 | -2,250,000 | -81.82% | $18,125,000.00 |
| 35 | HERTZ GLOBAL HLDGS INC | HTZWW | Industrials | 0.15% | 3,970,000 | - | - | $10,639,600.00 |
| 36 | ARS PHARMACEUTICALS INC | SPRY | Healthcare | 0.09% | 556,237 | +556,237 | +100.00% | $6,480,161.00 |
| 37 | CLARITEV CORPORATION | 62548M209 | Other | 0.09% | 145,000 | +115,000 | +383.33% | $6,198,750.00 |
| 38 | PG&E CORP | 69331C306 | Other | 0.08% | 140,000 | - | - | $5,740,000.00 |
| 39 | FLYEXCLUSIVE INC | FLYX | Industrials | 0.06% | 1,022,000 | - | - | $4,200,420.00 |
| 40 | AURORA INNOVATION INC | AUR | Technology | 0.05% | 1,032,463 | - | - | $3,964,658.00 |
| 41 | BAUSCH HEALTH COS INC | BHC | Healthcare | 0.03% | 350,000 | +250,000 | +250.00% | $2,432,500.00 |
| 42 | AURORA INNOVATION INC | AUROW | Technology | 0.01% | 1,835,000 | - | - | $413,059.00 |
| 43 | FLYEXCLUSIVE INC | FLYX-WS | Other | 0.00% | 367,499 | - | - | $104,664.00 |
Holdings by Sector
| Sector | Allocation | Value |
|---|---|---|
| Industrials | 19.52% | $1,418,198,320.00 |
| Consumer Cyclical | 18.59% | $1,350,513,850.00 |
| Technology | 15.57% | $1,131,054,467.00 |
| Financial Services | 13.32% | $967,579,500.00 |
| Utilities | 12.13% | $881,140,900.00 |
| Other | 7.60% | $552,249,664.00 |
| Communication Services | 7.15% | $519,487,500.00 |
| Real Estate | 2.93% | $212,814,600.00 |
| Healthcare | 2.41% | $175,237,161.00 |
| Consumer Defensive | 0.77% | $56,062,500.00 |
Portfolio insights
As of Dec 31, 2025, the Third Point portfolio holds 43 securities valued at $7,264,338,462.00. The Industrials sector represents the largest allocation, while the top positions account for a significant portion of the total portfolio weight.