Daniel Loeb – Third Point Options Positions & Derivatives (Jun 30, 2025)
As of Jun 30, 2025, the Third Point portfolio disclosed options positions in its latest SEC 13F filing reported on Aug 14, 2025. These filings include call and put options tied to underlying equity holdings, providing a deeper look at the fund's use of derivatives for exposure and hedging.
The reported options activity included 35 call contracts and 3 put contracts across companies such as Telephone and Data Systems, Inc (TDS), SPDR Select Sector Fund - Utili (XLU), International Flavors & Fragran (IFF). Options positions can signal strategies around hedging risk, enhancing leverage, or adjusting portfolio exposure during market shifts.
Third Point Options Activity
| Date | Symbol | Option | Quantity |
|---|---|---|---|
| Q1 2024 | TDS Telephone and Data Systems, Inc | CALL | 750,000 |
| Q3 2023 | TDS Telephone and Data Systems, Inc | CALL | 1,000,000 |
| Q3 2023 | XLU SPDR Select Sector Fund - Utili | CALL | 500,000 |
| Q1 2019 | IFF International Flavors & Fragran | PUT | 500,000 |
| Q2 2018 | FXI iShares China Large-Cap ETF | CALL | 2,000,000 |
| Q1 2017 | HUM Humana Inc. | CALL | 500,000 |
| Q1 2016 | YUM Yum! Brands, Inc. | CALL | 1,500,000 |
| Q3 2015 | BUD Anheuser-Busch Inbev SA Sponsor | CALL | 1,250,000 |
| Q3 2015 | TMUS T-Mobile US, Inc. | CALL | 2,000,000 |
| Q3 2015 | YUM Yum! Brands, Inc. | CALL | 120,000 |
| Q2 2015 | BUD Anheuser-Busch Inbev SA Sponsor | CALL | 1,250,000 |
| Q2 2015 | EBAY eBay Inc. | CALL | 3,000,000 |
| Q2 2015 | FXI iShares China Large-Cap ETF | CALL | 2,000,000 |
| Q2 2015 | TMUS T-Mobile US, Inc. | CALL | 1,000,000 |
| Q2 2015 | YUM Yum! Brands, Inc. | CALL | 120,000 |
| Q1 2015 | BUD Anheuser-Busch Inbev SA Sponsor | CALL | 750,000 |
| Q1 2015 | EBAY eBay Inc. | CALL | 2,500,000 |
| Q1 2015 | IWM iShares Russell 2000 ETF | PUT | 4,000,000 |
| Q1 2015 | YUM Yum! Brands, Inc. | CALL | 15,000 |
| Q3 2014 | EQT EQT Corporation | CALL | 18,000 |
| Q2 2014 | AZN Astrazeneca PLC | CALL | 1,000,000 |
| Q1 2014 | AIG American International Group, I | CALL | 1,000,000 |
| Q1 2014 | XLI SPDR Select Sector Fund - Indus | PUT | 5,000,000 |
| Q4 2013 | AIG American International Group, I | CALL | 5,000,000 |
| Q4 2013 | DG Dollar General Corporation | CALL | 2,000,000 |
| Q4 2013 | GM General Motors Company | CALL | 80,500 |
| Q4 2013 | IP International Paper Company | CALL | 3,000,000 |
| Q3 2013 | CF CF Industries Holdings, Inc. | CALL | 24,000 |
| Q3 2013 | DG Dollar General Corporation | CALL | 32,000 |
| Q3 2013 | IP International Paper Company | CALL | 4,500,000 |