whalepapers
Overview/ Third Point LLC/ Q3 2025

Third Point LLC

Daniel Loeb · As of Q3 2025 · filed Nov 14, 2025

Q3 2025

Holdings

46 positions · Δ vs prior quarter
PCG P G & E CORP
$755.5M
8.4%
50,100,000 −1,000,000 −2.0% Reduced
AMZN AMAZON.COM INC
$617.0M
6.9%
2,810,000 +100,000 +3.7% Added
SPY PUT SS SPDR S&P 500 ETF TRUST-US
$582.9M
6.5%
875,000 +875,000 New
MSFT MICROSOFT CORP
$569.7M
6.3%
1,100,000 +700,000 +175.0% Added
NVDA NVIDIA CORP
$531.8M
5.9%
2,850,000 +50,000 +1.8% Added
NSC NORFOLK SOUTHERN CORP
$495.7M
5.5%
1,650,000 +1,650,000 New
BN BROOKFIELD CORP
$320.6M
3.6%
4,675,000 Held
TSM TAIWAN SEMICONDUCTOR-SP ADR
$307.2M
3.4%
1,100,000 −330,000 −23.1% Reduced
COF CAPITAL ONE FINANCIAL CORP
$294.4M
3.3%
1,385,000 −419,204 −23.2% Reduced
FLUT FLUTTER ENTERTAINMENT PLC-DI
$284.5M
3.2%
1,120,000 +50,000 +4.7% Added
CASY CASEY'S GENERAL STORES INC
$282.7M
3.1%
500,000 +140,000 +38.9% Added
TDS TELEPHONE AND DATA SYSTEMS
$263.2M
2.9%
6,707,274 −17,726 −0.3% Reduced
CRH CRH PLC
$259.6M
2.9%
2,165,000 −425,000 −16.4% Reduced
CSGP COSTAR GROUP INC
$254.5M
2.8%
3,017,000 −68,000 −2.2% Reduced
SGI SOMNIGROUP INTERNATIONAL INC
$253.0M
2.8%
3,000,000 +3,000,000 New
LYV LIVE NATION ENTERTAINMENT IN
$220.6M
2.5%
1,350,000 −625,000 −31.6% Reduced
CRS CARPENTER TECHNOLOGY
$208.7M
2.3%
850,000 +100,000 +13.3% Added
UNP UNION PACIFIC CORP
$206.8M
2.3%
875,000 +875,000 New
LPLA LPL FINANCIAL HOLDINGS INC
$197.7M
2.2%
594,143 −30,857 −4.9% Reduced
COOP MR COOPER GROUP INC
$195.0M
2.2%
925,000 Held
SN SHARKNINJA INC
$185.7M
2.1%
1,800,000 +600,000 +50.0% Added
VST VISTRA CORP
$183.2M
2.0%
935,000 −315,000 −25.2% Reduced
FIX COMFORT SYSTEMS USA INC
$165.0M
1.8%
200,000 +15,000 +8.1% Added
META META PLATFORMS INC-CLASS A
$161.6M
1.8%
220,000 +70,000 +46.7% Added
MTZ MASTEC INC
$154.3M
1.7%
725,000 +725,000 New
TLN TALEN ENERGY CORP
$148.9M
1.7%
350,000 −435,000 −55.4% Reduced
KVUE KENVUE INC
$146.1M
1.6%
9,000,000 +475,000 +5.6% Added
J JACOBS SOLUTIONS INC
$137.1M
1.5%
915,000 −349,000 −27.6% Reduced
PRMB PRIMO BRANDS CORP
$127.6M
1.4%
5,775,000 Held
FND FLOOR & DECOR HOLDINGS INC-A
$98.0M
1.1%
1,330,000 +1,330,000 New
APO APOLLO GLOBAL MANAGEMENT INC
$86.6M
1.0%
650,000 −625,000 −49.0% Reduced
RKT ROCKET COS INC-CLASS A
$77.5M
0.9%
4,000,000 −750,000 −15.8% Reduced
APO 6.75 07/31/26 APOLLO GLOBAL MANAGEMENT
$63.3M
0.7%
900,000 Held
CORZ CORE SCIENTIFIC INC
$53.8M
0.6%
3,000,000 +3,000,000 New
SRTA STRATA CRITICAL MEDICAL INC
$25.3M
0.3%
5,000,000 +5,000,000 New
KVUE CALL KENVUE INC
$24.3M
0.3%
1,500,000 +1,500,000 New
HTZWW HERTZ GLOBAL HLDGS INC -CW51
$14.8M
0.2%
3,970,000 Held
PCG 4.25 12/01/27 PRN PG&E CORP
$10.1M
0.1%
10,000,000 Held
DHR DANAHER CORP
$9.9M
0.1%
50,000 −450,000 −90.0% Reduced
PCG 6 12/01/27 A PG&E CORP
$5.5M
0.1%
140,000 Held
FLYX FLYEXCLUSIVE INC
$5.0M
0.1%
1,022,000 Held
AUR AURORA INNOVATION INC
$2.2M
0.0%
1,032,463 Held
AUROW AURORA INNOVATION INC -CW28
$877K
0.0%
1,835,000 Held
BHC BAUSCH HEALTH COS INC
$645K
0.0%
100,000 +100,000 New
CYH COMMUNITY HEALTH SYSTEMS INC
$482K
0.0%
150,000 +150,000 New
FLYX/WS EG ACQUISITION CORP-A -CW28
$117K
0.0%
367,499 Held

Sold positions

16 closed in Q3 2025 · shares & value as of prior filing
Holding Shares sold Prior value
CPAY CORPAY INC
685,000 $227.3M
ICE INTERCONTINENTAL EXCHANGE IN
950,000 $174.3M
RBA RB GLOBAL INC
695,000 $73.8M
WDAY WORKDAY INC-CLASS A
300,000 $72.0M
FLS FLOWSERVE CORP
1,195,000 $62.6M
FTV FORTIVE CORP
1,160,000 $60.5M
DOCU DOCUSIGN INC
625,000 $48.7M
75Z SOHO HOUSE & CO INC
5,171,676 $38.0M
CHART INDS INC
215,000 $35.4M
SE SEA LTD-ADR
50,000 $8.0M
RAL RALLIANT CORP
125,003 $6.1M
SABR SABRE CORP
750,000 $2.4M
TTAN SERVICETITAN INC-A
15,000 $1.6M
CTEV CLARITEV CORP
30,000 $1.4M
ASIC ATEGRITY SPECIALTY HOLDINGS
50,000 $1.1M
ARDT ARDENT HEALTH INC
75,000 $1.0M

Holdings reflect long positions disclosed in 13F filings only and exclude short positions, cash, and other non-13F assets. Holdings data sourced from SEC EDGAR. Not investment advice. Full disclaimer.