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Third Point LLC

Q3 2025 · Filed 2025-11-14
Market Value
$8.1B
+15.5%
Holdings
55
+3
New Purchases
9
Added To
9
Closed
14
Reduced
14
Top 10 Concentration
54.9%
Turnover
41.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NSC 6.13% 0.00% +6.13% $496M
MSFT 7.05% 2.84% +4.21% $570M
SGI 3.13% 0.00% +3.13% $253M
UNP 2.56% 0.00% +2.56% $207M
MTZ 1.91% 0.00% +1.91% $154M
FND 1.21% 0.00% +1.21% $98M
CASY 3.50% 2.63% +0.87% $283M
CORZ 0.67% 0.00% +0.67% $54M
FIX 2.04% 1.42% +0.62% $165M
SN 2.30% 1.70% +0.60% $186M
COOP 2.41% 1.97% +0.44% $195M
META 2.00% 1.58% +0.42% $162M
SRTA 0.31% 0.00% +0.31% $25M
NVDA 6.58% 6.32% +0.26% $532M
FLYX 0.06% 0.03% +0.03% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ICE 0.00% 2.49% -2.49% $0
COF 3.64% 5.49% -1.84% $294M
LYV 2.73% 4.27% -1.54% $221M
APO 1.07% 2.58% -1.51% $87M
TLN 1.84% 3.26% -1.42% $149M
DHR 0.12% 1.41% -1.29% $10M
VST 2.27% 3.46% -1.20% $183M
WDAY 0.00% 1.03% -1.03% $0
LPLA 2.45% 3.35% -0.90% $198M
FLS 0.00% 0.89% -0.89% $0
PRMB 1.58% 2.44% -0.87% $128M
FTV 0.00% 0.86% -0.86% $0
AMZN 7.63% 8.50% -0.86% $617M
PCG 9.35% 10.18% -0.83% $756M
TSM 3.80% 4.63% -0.83% $307M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 5 $2.2B 27.1%
Large Cap 29 $5.3B 65.6%
Mid Cap 10 $543M 6.7%
Small Cap 9 $41M 0.5%
Micro Cap 2 $5M 0.1%

Portfolio Analytics

Avg Market Cap
$296.7B
Median Market Cap
$17.0B
Avg P/E
46.9
Median P/E
30.9
Avg Dividend Yield
0.01%
Avg Beta
1.24
# Stocks
55
# ETFs / Funds
0

Top Holdings (55 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 PCG 9.35% 50,100,000 $756M $15.08 $43M -1,000,000 -2.0%
2 AMZN 7.63% 2,810,000 $617M $219.57 $22M +100,000 +3.7%
3 MSFT 7.05% 1,100,000 $570M $517.95 $371M +700,000 +175.0%
4 NVDA 6.58% 2,850,000 $532M $186.58 $89M +50,000 +1.8%
5 NSC 6.13% 1,650,000 $496M $300.41 +1,650,000 NEW
6 BN 3.97% 4,675,000 $321M $68.58 $31M
7 TSM 3.80% 1,100,000 $307M $279.29 -$17M -330,000 -23.1%
8 COF 3.64% 1,385,000 $294M $212.58 -$89M -419,204 -23.2%
9 CASY 3.50% 500,000 $283M $565.32 $99M +140,000 +38.9%
10 TDS 3.26% 6,707,274 $263M $39.24 $24M -17,726 -0.3%
11 CRH.L 3.21% 2,165,000 $260M $119.90 $22M -425,000 -16.4%
12 CSGP 3.15% 3,017,000 $255M $84.37 $7M -68,000 -2.2%
13 SGI 3.13% 3,000,000 $253M $84.33 +3,000,000 NEW
14 LYV 2.73% 1,350,000 $221M $163.40 -$78M -625,000 -31.6%
15 CRS 2.58% 850,000 $209M $245.54 $1M +100,000 +13.3%
16 UNP 2.56% 875,000 $207M $236.37 +875,000 NEW
17 LPLA 2.45% 594,143 $198M $332.69 -$37M -30,857 -4.9%
18 COOP 2.41% 925,000 $195M $210.79 $57M
19 SN 2.30% 1,800,000 $186M $103.15 $67M +600,000 +50.0%
20 VST 2.27% 935,000 $183M $195.92 -$59M -315,000 -25.2%
21 FIX 2.04% 200,000 $165M $825.18 $66M +15,000 +8.1%
22 META 2.00% 220,000 $162M $734.38 $51M +70,000 +46.7%
23 MTZ 1.91% 725,000 $154M $212.81 +725,000 NEW
24 TLN 1.84% 350,000 $149M $425.38 -$79M -435,000 -55.4%
25 KVUE 1.81% 9,000,000 $146M $16.23 -$32M +475,000 +5.6%
26 J 1.70% 915,000 $137M $149.86 -$29M -349,000 -27.6%
27 PRMB 1.58% 5,775,000 $128M $22.10 -$43M
28 FND 1.21% 1,330,000 $98M $73.70 +1,330,000 NEW
29 APO 1.07% 650,000 $87M $133.27 -$94M -625,000 -49.0%
30 RKT 0.96% 4,000,000 $78M $19.38 $10M -750,000 -15.8%
31 APO-PA 0.78% 900,000 $63M $70.28 -$4M
32 CORZ 0.67% 3,000,000 $54M $17.94 +3,000,000 NEW
33 SRTA 0.31% 5,000,000 $25M $5.06 +5,000,000 NEW
34 HTZWW 0.18% 3,970,000 $15M $3.72 $278K
35 DHR 0.12% 50,000 $10M $198.26 -$89M -450,000 -90.0%
36 FLYX 0.06% 1,022,000 $5M $4.94 $3M
37 AUR 0.03% 1,032,463 $2M $2.11 -$3M
38 AUROW 0.01% 1,835,000 $877K $0.48 -$719K
39 BHC 0.01% 100,000 $645K $6.45 +100,000 NEW
40 CYH 0.01% 150,000 $482K $3.21 +150,000 NEW
41 FLYX-WT —% 367,499 $117K $0.32 $80K
42 DOCU —% -$49M -625,000 -100.0% SOLD
43 SHCO —% -$38M -5,171,676 -100.0% SOLD
44 CTEV —% -$1M -30,000 -100.0% SOLD
45 WDAY —% -$72M -300,000 -100.0% SOLD
46 SE —% -$8M -50,000 -100.0% SOLD
47 SABR —% -$2M -750,000 -100.0% SOLD
48 ASIC —% -$1M -50,000 -100.0% SOLD
49 TTAN —% -$2M -15,000 -100.0% SOLD
50 ARDT —% -$1M -75,000 -100.0% SOLD
51 FTV —% -$60M -1,160,000 -100.0% SOLD
52 GTLS —% -$35M -215,000 -100.0% SOLD
53 FLS —% -$63M -1,195,000 -100.0% SOLD
54 RAL —% -$6M -125,003 -100.0% SOLD
55 ICE —% -$174M -950,000 -100.0% SOLD

Options Breakdown

1 Calls $24M Call Value 1 Puts $583M Put Value 23.94 P/C Ratio

Top Calls

SymbolSharesValueStatus
KVUE 1,500,000 $24M NEW

Top Puts

SymbolSharesValueStatus
SPY 875,000 $583M NEW

New Positions

SymbolValue% Port
NSC $496M 6.13%
SGI $253M 3.13%
UNP $207M 2.56%
MTZ $154M 1.91%
FND $98M 1.21%
CORZ $54M 0.67%
SRTA $25M 0.31%
BHC $645K 0.01%
CYH $482K 0.01%

Sold Out Positions

SymbolValue% Port
SE —%
ICE —%
FTV —%
FLS —%
ASIC —%
RAL —%
ARDT —%
GTLS —%
CTEV —%
DOCU —%
SABR —%
TTAN —%
WDAY —%
SHCO —%
View SEC EDGAR Filings for Third Point LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms