Q4 2025 · 13F-HR
Third Point LLCholdings as filed
Filed 2026-02-17 · accession 0001040273-26-000001
$7.27B
Reported value
44
Positions
2025-12-31
Period end
The Brief · Third Point LLC · Q4 2025
AI · grounded in 13F
Third Point LLC exited its position in SPY, reducing exposure by $582.9M. The fund also closed positions in FLUT for $284.5M and 07WA for $195M. On the buy side, the fund established new positions in CMG for $174.8M and CEG for $167.8M. Additionally, the fund increased its holdings in UNP by 106.9% and DHR by 1100%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 69331C108 | PCG | PG&E CORP | $551.2M | 7.58% | 34,300,000 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $550.2M | 7.56% | 2,950,000 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $499.7M | 6.87% | 2,165,000 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $447.3M | 6.15% | 925,000 | Common | SOLE |
| 907818108 | UNP | UNION PAC CORP | $418.7M | 5.76% | 1,810,000 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $324.5M | 4.46% | 2,600,000 | Common | SOLE |
| 88023U101 | SGI | SOMNIGROUP INTERNATIONAL INC | $303.6M | 4.17% | 3,400,000 | Common | SOLE |
| 11271J107 | BN | BROOKFIELD CORP | $284.5M | 3.91% | 6,200,000 | Common | SOLE |
| 655844108 | NSC | NORFOLK SOUTHN CORP | $281.5M | 3.87% | 975,000 | Common | SOLE |
| 879433829 | TDS | TELEPHONE & DATA SYS INC | $273.7M | 3.76% | 6,675,000 | Common | SOLE |
| 14040H105 | COF | CAPITAL ONE FINL CORP | $266.6M | 3.66% | 1,100,000 | Common | SOLE |
| 147528103 | CASY | CASEYS GEN STORES INC | $251.5M | 3.46% | 455,000 | Common | SOLE |
| 144285103 | CRS | CARPENTER TECHNOLOGY CORP | $247.1M | 3.40% | 785,000 | Common | SOLE |
| 538034109 | LYV | LIVE NATION ENTERTAINMENT IN | $245.8M | 3.38% | 1,725,000 | Common | SOLE |
| 22160N109 | CSGP | COSTAR GROUP INC | $212.8M | 2.93% | 3,165,000 | Common | SOLE |
| 576323109 | MTZ | MASTEC INC | $201.1M | 2.76% | 925,000 | Common | SOLE |
| 77311W101 | RKT | ROCKET COS INC | $184.2M | 2.53% | 9,515,000 | Common | SOLE |
| 50212V100 | LPLA | LPL FINL HLDGS INC | $182.2M | 2.50% | 510,000 | Common | SOLE |
| 169656105 | CMG | CHIPOTLE MEXICAN GRILL INC | $174.8M | 2.40% | 4,725,000 | Common | SOLE |
| 21037T109 | CEG | CONSTELLATION ENERGY CORP | $167.8M | 2.31% | 475,000 | Common | SOLE |
| 92840M102 | VST | VISTRA CORP | $162.1M | 2.23% | 1,005,000 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATION | $137.4M | 1.89% | 600,000 | Common | SOLE |
| G8068L108 | SN | SHARKNINJA INC | $134.3M | 1.85% | 1,200,000 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $129.2M | 1.78% | 425,000 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $120.9M | 1.66% | 825,000 | Common | SOLE |
| 00187Y100 | APG | API GROUP CORP | $114.8M | 1.58% | 3,000,000 | Common | SOLE |
| 199908104 | FIX | COMFORT SYS USA INC | $98.0M | 1.35% | 105,000 | Common | SOLE |
| L8681T102 | SPOT | SPOTIFY TECHNOLOGY S A | $58.1M | 0.80% | 100,000 | Common | SOLE |
| 49177J102 | KVUE | KENVUE INC | $56.1M | 0.77% | 3,250,000 | Common | SOLE |
| 743315103 | PGR | PROGRESSIVE CORP | $50.1M | 0.69% | 220,000 | Common | SOLE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $29.0M | 0.40% | 50,000 | Common | SOLE |
| 092667104 | SRTA | STRATA CRITICAL MEDICAL INC | $24.1M | 0.33% | 5,000,000 | Common | SOLE |
| M98068105 | WIX | WIX COM LTD | $23.4M | 0.32% | 225,000 | Common | SOLE |
| 126408103 | CSX | CSX CORP | $18.1M | 0.25% | 500,000 | Common | SOLE |
| 42806J148 | HTZWW | HERTZ GLOBAL HLDGS INC | $10.6M | 0.15% | 3,970,000 | Common | SOLE |
| 69331CAL2 | PCG 4.25 12/01/27 | PG&E CORP | $10.3M | 0.14% | 10,000,000 | Common | SOLE |
| 82835W108 | SPRY | ARS PHARMACEUTICALS INC | $6.5M | 0.09% | 556,237 | Common | SOLE |
| 62548M209 | CTEV | CLARITEV CORPORATION | $6.2M | 0.09% | 145,000 | Common | SOLE |
| 69331C306 | PCG 6 12/01/27 A | PG&E CORP | $5.7M | 0.08% | 140,000 | Common | SOLE |
| 343928107 | FLYX | FLYEXCLUSIVE INC | $4.2M | 0.06% | 1,022,000 | Common | SOLE |
| 051774107 | AUR | AURORA INNOVATION INC | $4.0M | 0.05% | 1,032,463 | Common | SOLE |
| 071734107 | BHC | BAUSCH HEALTH COS INC | $2.4M | 0.03% | 350,000 | Common | SOLE |
| 051774115 | AUROW | AURORA INNOVATION INC | $413,059 | 0.01% | 1,835,000 | Common | SOLE |
| 343928115 | FLYX/WS | FLYEXCLUSIVE INC | $104,664 | 0.00% | 367,499 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.