Third Point
Dan LoebNEW YORK, NYfiles as Third Point LLC
$4.6bn in 40 US stocks at the end of 30 June 2026. The top 10 are 60.6% of the money. It changed about 47.1% of the portfolio this quarter.
Value
$4.6bn
Stocks
40
Top 10 share
60.6%
Turnover
47.1%
What changed this quarter
New
Bought for the first time this quarter.
- Warner Bros. DiscoveryWBD11.5% of the fund
- Keysight TechnologiesKEYS4.4% of the fund
- BlockXYZ4.2% of the fund
- FlexFLEX3.6% of the fund
- TTM TechnologiesTTMI2.0% of the fund
- Performance Food GroupPFGC1.6% of the fund
- Alphabet1.4% of the fund
- SyscoSYY1.0% of the fund
- Ares ManagementARES0.9% of the fund
- Space Exploration TechnologiesSPCX0.7% of the fund
- Alphabet0.2% of the fund
- Bausch & LombBLCO<0.1% of the fund
- Core ScientificCORZ<0.1% of the fund
- ERockEROC<0.1% of the fund
- Applied DigitalAPLD<0.1% of the fund
- WolfspeedWOLF<0.1% of the fund
Added
Bought more of a stock they already held.
- AlphabetGOOGL7.9% of the fund+486%
- CRH PublicCRH5.1% of the fund+16%
- Taiwan Semiconductor ManufacturingTSM4.7% of the fund+67%
- Live Nation EntertainmentLYV4.5% of the fund+144%
- Somnigroup InternationalSGI4.3% of the fund+13%
- Norfolk SouthernNSC4.1% of the fund+500%
- Capital One FinancialCOF3.6% of the fund+489%
- Hut 8HUT3.3% of the fund+51%
- APi GroupAPG2.6% of the fund+41%
- TransDigm GroupTDG2.3% of the fund+216%
- DanaherDHR2.2% of the fund+3%
- Union PacificUNP2.1% of the fund+250%
- ASML Holding NVASML1.3% of the fund+150%
Cut
Sold some of their stake.
- Amazon.comAMZN9.0% of the fund-10%
- Telephone & Data SystemsTDS5.0% of the fund-5%
- Carpenter TechnologyCRS2.9% of the fund-31%
- MastecMTZ2.6% of the fund-9%
Sold out
Sold their entire stake.
- Meta PlatformsMETA-100%
- Spdr Gold TRGLD-100%
- NvidiaNVDA-100%
- KLAKLAC-100%
- Lam ResearchLRCX-100%
- BroadcomAVGO-100%
- Vaneck ETF TrustSMH-100%
- SharkNinjaSN-100%
- ClaritevCTEV-100%
Holdings
- Alphabet
- Share
- 1.4%
- Value
- $66m
- Shares
- 1,300,000
New
- Space Exploration TechnologiesSPCX
- Share
- 0.7%
- Value
- $31m
- Shares
- 180,415
New
- Alphabet
- Share
- 0.2%
- Value
- $10m
- Shares
- 200,000
New
- Hertz Global HldgsHTZWW
- Share
- <0.1%
- Value
- $4m
- Shares
- 3,970,000
Held
- ERockEROC
- Share
- <0.1%
- Value
- $1m
- Shares
- 83,030
New
- Aurora InnovationAUROW
- Share
- <0.1%
- Value
- $587,384
- Shares
- 1,835,000
Held
- FlyexclusiveFLYX-WS
- Share
- <0.1%
- Value
- $77,175
- Shares
- 367,499
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Warner Bros. DiscoveryWBD | 11.5% | $533m | 20,000,000 | New |
| Amazon.comAMZN | 9.0% | $417m | 1,750,000 | -10% |
| AlphabetGOOGL | 7.9% | $366m | 1,025,000 | +486% |
| CRH PublicCRH | 5.1% | $235m | 2,195,000 | +16% |
| Telephone & Data SystemsTDS | 5.0% | $232m | 6,275,000 | -5% |
| Taiwan Semiconductor ManufacturingTSM | 4.7% | $220m | 460,000 | +67% |
| Live Nation EntertainmentLYV | 4.5% | $208m | 1,135,000 | +144% |
| Keysight TechnologiesKEYS | 4.4% | $205m | 585,000 | New |
| Somnigroup InternationalSGI | 4.3% | $202m | 2,570,769 | +13% |
| BlockXYZ | 4.2% | $194m | 2,558,943 | New |
| Norfolk SouthernNSC | 4.1% | $189m | 600,000 | +500% |
| FlexFLEX | 3.6% | $167m | 1,030,000 | New |
| Capital One FinancialCOF | 3.6% | $166m | 825,000 | +489% |
| Hut 8HUT | 3.3% | $152m | 1,315,000 | +51% |
| Carpenter TechnologyCRS | 2.9% | $133m | 215,000 | -31% |
| APi GroupAPG | 2.6% | $121m | 2,865,000 | +41% |
| MastecMTZ | 2.6% | $121m | 290,000 | -9% |
| TransDigm GroupTDG | 2.3% | $105m | 79,000 | +216% |
| DanaherDHR | 2.2% | $103m | 540,000 | +3% |
| Union PacificUNP | 2.1% | $95m | 350,000 | +250% |
| TTM TechnologiesTTMI | 2.0% | $94m | 505,000 | New |
| Performance Food GroupPFGC | 1.6% | $75m | 675,000 | New |
| Alphabet | 1.4% | $66m | 1,300,000 | New |
| ASML Holding NVASML | 1.3% | $60m | 30,000 | +150% |
| SyscoSYY | 1.0% | $48m | 580,000 | New |
| Ares ManagementARES | 0.9% | $42m | 375,000 | New |
| Space Exploration TechnologiesSPCX | 0.7% | $31m | 180,415 | New |
| Strata Critical MedicalSRTA | 0.6% | $26m | 5,000,000 | Held |
| Alphabet | 0.2% | $10m | 200,000 | New |
| ARS PharmaceuticalsSPRY | 0.2% | $8m | 1,000,000 | Held |
| Aurora InnovationAUR | 0.2% | $7m | 1,032,463 | Held |
| Hertz Global HldgsHTZWW | <0.1% | $4m | 3,970,000 | Held |
| FlyexclusiveFLYX | <0.1% | $2m | 1,022,000 | Held |
| Bausch & LombBLCO | <0.1% | $1m | 85,000 | New |
| Core ScientificCORZ | <0.1% | $1m | 54,000 | New |
| ERockEROC | <0.1% | $1m | 83,030 | New |
| Applied DigitalAPLD | <0.1% | $820,600 | 22,000 | New |
| Aurora InnovationAUROW | <0.1% | $587,384 | 1,835,000 | Held |
| WolfspeedWOLF | <0.1% | $482,500 | 10,000 | New |
| FlyexclusiveFLYX-WS | <0.1% | $77,175 | 367,499 | Held |
Options (1)
- State STR Spdr S&P 500 ETF TSPY
- Type
- Put
- Value
- $29m
- Contracts
- 40,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| State STR Spdr S&P 500 ETF TSPY | Put | $29m | 40,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 39.0% since 30 June 2025.
Where the money is
Media & telecom28.9%
Industrials17.8%
Technology15.6%
Retail & consumer13.3%
Financial services12.0%
Materials5.1%
Health care3.0%
Everyday goods2.7%
Other1.7%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.