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Daniel Loeb’s Portfolio

Third Point LLC

Activist investor known for pointed letters and event-driven equity bets.

Institutional InvestorSimilar funds →SEC EDGAR: CIK 1040273
Institutional-grade research for retail investors

Sector Allocation

  • Technology30.4%$1.4B
  • Communication Services20.9%$973.3M
  • Consumer Discretionary14.4%$671.1M
  • Industrials11.0%$512.6M
  • Materials7.9%$368.1M
  • Financials7.9%$367.5M
  • Healthcare3.0%$138.6M
  • Energy2.6%$120.7M
  • Consumer Staples1.6%$75.5M
  • Other0.2%$10.1M

AUM History

13fpro.ai/research/fund/third-point-llc-1040273

Largest positions — Q2 2026

Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.

13fpro.ai/research/fund/third-point-llc-1040273

Third Point LLC 13F holdings — Q2 2026

$4.7B portfolio (+124.7% QoQ) · 43 holdings · Q2 2026 13F · top 10 are 61% of the stock portfolio

Includes $28.8M of put/call options ($28.8M puts, $0 calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $4.7B. Weights use the stock portfolio.

All holdings — Third Point LLC (Q2 2026)

43 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.

Company
NSC$NSCNORFOLK SOUTHERN CORP$188.8M+500%
FLEX$FLEXFLEX LTD.$166.9MNew
COF$COFCAPITAL ONE FINANCIAL CORP$165.5M+489%
HUT$HUTHut 8 Corp.$151.8M+51%
CRS$CRSCARPENTER TECHNOLOGY CORP$132.6M-31%
APG$APGAPi Group Corp$121.3M+41%
MTZ$MTZMASTEC INC$120.7M-9%
TDG$TDGTransDigm Group INC$105.2M+216%
DHR$DHRDANAHER CORP /DE/$102.9M+3%
UNP$UNPUNION PACIFIC CORP$95.2M+250%
TTMI$TTMITTM TECHNOLOGIES INC$94.4MNew
PFGC$PFGCPerformance Food Group Co$75.5MNew
GOOG$GOOGAlphabet Inc.$66.2MNew
ASML$ASMLASML HOLDING NV$59.6M+150%
SYY$SYYSYSCO CORP$48.2MNew

What changed in Q2 2026

Against the previous quarter's 13F: 18 new, 13 added to, 4 trimmed, 9 sold out. Share-count changes; largest moves by dollar size first.

New positions (18)

  • WBD$WBDWarner Bros. Discovery, Inc.$533.2M

    first bought this quarter

  • KEYS$KEYSKeysight Technologies, Inc.$204.8M

    first bought this quarter

  • XYZ$XYZBlock, Inc.$194.5M

    first bought this quarter

  • FLEX$FLEXFLEX LTD.$166.9M

    first bought this quarter

  • TTMI$TTMITTM TECHNOLOGIES INC$94.4M

    first bought this quarter

  • PFGC$PFGCPerformance Food Group Co$75.5M

    first bought this quarter

+12 more in the Excel export

Added to (13)

  • GOOGL$GOOGLAlphabet Inc.+486%

    now $366.3M · held 2 qtrs, 2 adds in a row

  • NSC$NSCNORFOLK SOUTHERN CORP+500%

    now $188.8M · held 4 qtrs

  • COF$COFCAPITAL ONE FINANCIAL CORP+489%

    now $165.5M · held 7 qtrs

  • LYV$LYVLive Nation Entertainment, Inc.+144%

    now $207.8M · held 9 qtrs

  • TSM$TSMTAIWAN SEMICONDUCTOR MANUFACTURING CO LTD+67%

    now $219.7M · held 10+ qtrs

  • TDG$TDGTransDigm Group INC+216%

    now $105.2M · held 2 qtrs, 2 adds in a row

+7 more in the Excel export

Trimmed (4)

  • CRS$CRSCARPENTER TECHNOLOGY CORP-31%

    now $132.6M · held 8 qtrs, 3 trims in a row

  • AMZN$AMZNAMAZON COM INC-10%

    now $417.1M · held 10+ qtrs, 3 trims in a row

  • MTZ$MTZMASTEC INC-9%

    now $120.7M · held 4 qtrs, 2 trims in a row

  • TDS$TDSTELEPHONE & DATA SYSTEMS INC /DE/-5%

    now $232.2M · held 10+ qtrs, 2 trims in a row

Sold out (9)

  • META$METAMeta Platforms, Inc.was $51.5M

    held 1 qtr

  • GLD$GLDSPDR GOLD TRUSTwas $40.9M

    held 1 qtr

  • NVDA$NVDANVIDIA CORPwas $33.1M

    held 5 qtrs

  • KLAC$KLACKLA CORPwas $16.2M

    held 1 qtr

  • LRCX$LRCXLAM RESEARCH CORPwas $16.0M

    held 1 qtr

  • AVGO$AVGOBroadcom Inc.was $15.5M

+3 more in the Excel export

Firm AUM (Form ADV): $28.7B as of 2025-12-31 · SEC IAPD

Share

Holdings by quarter

Every 13F Third Point LLC has filed, 41 earlier quarters. Pick one to see what it held then.

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Is it too late to follow Third Point?

Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.

Average quality of Third Point's top 20 holdings: 60/100 (our AI quality score, weighted by position size; 17 of the 20 are scored)

Top 10 since filing

-6.4%

Value-weighted move of the 10 largest stock positions

Turnover

10%

Last quarter; 55% over the last 4

Top 10 weight

61%

Share of the stock portfolio in its 10 largest positions

Held 4+ quarters

51%

Share of portfolio value in positions held a year or more

Highest-quality names it owns(among its 100 largest positions)

The 8 highest-scoring companies in this portfolio are a Pro feature.

How these are measured
  • Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
  • Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
  • Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
  • Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
  • Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.

Portfolio Overview

Third Point LLC disclosed 43 positions worth $4.7B in its Form 13F-HR for Q2 2026 — $4.7B in common stock plus $28.8M of put/call option positions (reported at underlying notional value, not premium at risk), led by $WBD (Warner Bros. Discovery, Inc.) at 11.5% of the equity portfolio, followed by $AMZN and $GOOGL. During the quarter the fund opened 18 new positions and exited 9 — including a new stake in $WBD and a full exit from $META. The portfolio is most concentrated in Technology (30.4% of disclosed assets). All figures are sourced directly from Third Point LLC’s Form 13F-HR filing with the SEC under CIK 1040273.

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AI-Powered Hedge Fund Analysis: Third Point LLC

13F Pro is an AI hedge fund tracker and stock research platform. For Third Point LLC (SEC CIK: 1040273), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.

Every holding in Third Point LLC's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.