Third Point LLC

Hedge Fund • Multi-Strategy

Third Point LLC is a Multi-Strategy Hedge Fund based in New York, NY led by Daniel Seth Loeb, reporting $21.8B in AUM as of Q2 2025 with 51% concentrated in top 10 holdings.

CEODaniel Seth Loeb

Portfolio Value: $7.5B
Positions: 47
Top Holding: PCG at 9.46%
Last Reported: Q2 2025

Address55 Hudson Yards, 51st Fl, New York, NY, 10001, United States

Top Holdings

Largest long holdings in Third Point LLC's portfolio (51% of total portfolio)

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Holding	Sector	Market Value	Weight	Ownership	Owned Since
1 PG&E PCG	Regulated Electric Utilities	$712.3M	9.46%	2.33% 51.1M shares	Q3 2020 Held for 5 years
2 Amazon AMZN	Specialty Retail Consumer Cyclical	$594.5M	7.90%	0.03% 2.7M shares	Q2 2023 Held for 2y 3m
3 Nvidia NVDA	Semiconductors Technology	$442.4M	5.88%	0.01% 2.8M shares	Q1 2025 Held for 6 months
4 Capital One Financial COF	Financial - Credit Services Financial Services	$383.9M	5.10%	0.28% 1.8M shares	Q4 2024 Held for 9 months
5 Taiwan Semiconductor Manufacturing Company TSM	Semiconductors Technology	$323.9M	4.30%	— 1.4M shares	Q2 2025 Held for 3 months
6 Flutter Entertainment FLUT	Gambling, Resorts & Casinos Consumer Cyclical	$305.8M	4.06%	0.61% 1.1M shares	Q3 2024 Held for 1 year
7 Live Nation Entertainment LYV	Entertainment Communication Services	$298.8M	3.97%	0.85% 2.0M shares	Q2 2024 Held for 1y 3m
8 Brookfield BN	Asset Management Financial Services	$289.1M	3.84%	0.30% 4.7M shares	Q3 2024 Held for 1 year
9 CoStar Group CSGP	Real Estate - Services Real Estate	$248.0M	3.29%	0.73% 3.1M shares	Q1 2025 Held for 6 months
10 Vistra VST	Independent Power Producers Utilities	$242.3M	3.22%	0.37% 1.3M shares	Q1 2023 Held for 2y 6m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Third Point LLC's latest filing

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Market Value

$7.5B

Prior: $5.9B

Q/Q Change

+28.44%

+$1.7B

Net Flows % of MV

+12.17%

Turnover Ratio

16.56%

New Purchases

13 stocks

$721.2M

Added To

13 stocks

+$984.1M

Sold Out Of

9 stocks

$573.1M

Reduced Holdings

12 stocks

-$295.1M

Increased Positions

Position	Shares Δ	Change
1 Taiwan Semiconductor Manufacturing Company TSM	New	0 → 1.4M +$323.9M
2 Mr. Cooper Group Inc. COOP	New	0 → 925.0K +$138.0M
3 Comfort Systems USA FIX	New	0 → 185.0K +$99.2M
4 Flowserve FLS	New	0 → 1.2M +$62.6M
5 DocuSign DOCU	New	0 → 625.0K +$48.7M

Decreased Positions

Position	Shares Δ	Change
1 EQT Corporation EQT	Sold	3.0M → 0 −$157.6M
2 United States Steel X	Sold	3.6M → 0 −$153.2M
3 AT&T T	Sold	3.8M → 0 −$105.6M
4 Hess HES	Sold	625.0K → 0 −$99.8M
5 Pinterest, Inc. PINS	Sold	1.0M → 0 −$31.0M

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Analytics

Portfolio insights and performance metrics for Third Point LLC

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Sector Allocation

Financial Services

19.50%

Technology

18.30%

Consumer Cyclical

16.50%

Utilities

12.70%

Communication Services

8.60%

Industrials

8.60%

Real Estate

3.30%

Basic Materials

3.20%

Consumer Defensive

2.40%

Healthcare

1.30%

Market Cap Distribution

Mega Cap (> $200B)

17.88%

Large Cap ($10B - $200B)

69.61%

Mid Cap ($2B - $10B)

5.47%

Small Cap ($300M - $2B)

0.58%

Micro Cap ($50M - $300M)

0.03%

Nano Cap (< $50M)

1.91%

N/A (ETF or Unknown)

4.52%

Portfolio Concentration

Top 10 Holdings %

51.01%

Top 20 Holdings %

79.12%

Top 50 Holdings %

100.0%

Top 100 Holdings %