Third Point 13F, Q2 2025
Daniel Loeb · quarter ending 30 June 2025 · filed 14 August 2025 · SEC CIK 1040273
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q2 2025
The 25 largest of 51 positions. Weights are against the whole filed book. Changes are in shares held, against the Q1 2025 filing.
| Company | Ticker | Value | % of book | vs Q1 2025 |
|---|---|---|---|---|
| PG&E CORP | PCG | $712.33M | 9.3% | unchanged |
| AMAZON COM INC | AMZN | $594.55M | 7.8% | +15% shares |
| NVIDIA CORPORATION | NVDA | $442.37M | 5.8% | +93% shares |
| CAPITAL ONE FINL CORP | COF | $383.86M | 5.0% | +72% shares |
| TAIWAN SEMICONDUCTOR MFG LTD | TSM | $323.88M | 4.3% | -20% shares |
| FLUTTER ENTMT PLC | $305.76M | 4.0% | +10% shares | |
| LIVE NATION ENTERTAINMENT IN | LYV | $298.78M | 3.9% | -6% shares |
| BROOKFIELD CORP | BN | $289.15M | 3.8% | +10% shares |
| COSTAR GROUP INC | CSGP | $248.03M | 3.3% | +56% shares |
| VISTRA CORP | VST | $242.26M | 3.2% | +47% shares |
| TELEPHONE & DATA SYS INC | TDS | $239.28M | 3.1% | unchanged |
| CRH PLC | $237.76M | 3.1% | -5% shares | |
| LPL FINL HLDGS INC | LPLA | $234.36M | 3.1% | unchanged |
| TALEN ENERGY CORP | TLN | $228.25M | 3.0% | +34% shares |
| CORPAY INC | CPAY | $227.30M | 3.0% | +12% shares |
| CARPENTER TECHNOLOGY CORP | CRS | $207.28M | 2.7% | -14% shares |
| MICROSOFT CORP | MSFT | $198.96M | 2.6% | +27% shares |
| CASEYS GEN STORES INC | CASY | $183.70M | 2.4% | +20% shares |
| APOLLO GLOBAL MGMT INC | APO | $180.88M | 2.4% | -15% shares |
| KENVUE INC | KVUE | $178.43M | 2.3% | -4% shares |
| INTERCONTINENTAL EXCHANGE IN | ICE | $174.30M | 2.3% | -14% shares |
| PRIMO BRANDS CORPORATION | PRMB | $171.06M | 2.2% | +108% shares |
| JACOBS SOLUTIONS INC | J | $166.15M | 2.2% | -10% shares |
| MR COOPER GROUP INC | $138.02M | 1.8% | new | |
| SHARKNINJA INC | $118.79M | 1.6% | +118% shares |
What changed since Q1 2025
Against the Q1 2025 filing, Third Point opened 16 new positions, added to 13, trimmed 10, left 12 unchanged and exited 9. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- MR COOPER GROUP INC$138.02M
- META$110.71M
- FIX$99.20M
- DHR$98.77M
- WDAY$72.00M
- RKT$67.36M
- FLS$62.56M
- DOCU$48.68M
and 8 more
Exited
- EQTwas $157.62M
- UNITED STATES STL CORP NEWwas $153.19M
- DISCOVER FINL SVCSwas $126.32M
- Twas $105.64M
- HESS CORPwas $99.83M
- PINSwas $31.00M
- SEADRILL LTDwas $25.63M
- NPWR/WSwas $152.5K
and 1 more
Other quarters
Source: SEC Form 13F-HR, accession 0001085146-25-005277, filed by Third Point LLC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.