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Third Point LLC

Q4 2025 · Filed 2026-02-17
Market Value
$7.3B
-10.2%
Holdings
52
-3
New Purchases
11
Added To
12
Closed
10
Reduced
13
Top 10 Concentration
54.2%
Turnover
40.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
UNP 5.77% 2.56% +3.21% $419M
CMG 2.41% 0.00% +2.41% $175M
CEG 2.31% 0.00% +2.31% $168M
DHR 1.89% 0.12% +1.77% $137M
BABA 1.67% 0.00% +1.67% $121M
APG 1.58% 0.00% +1.58% $115M
RKT 2.54% 0.96% +1.58% $184M
CRH.L 4.47% 3.21% +1.26% $324M
SGI 4.18% 3.13% +1.05% $304M
NVDA 7.58% 6.58% +1.00% $550M
MTZ 2.77% 1.91% +0.86% $201M
CRS 3.40% 2.58% +0.82% $247M
SPOT 0.80% 0.00% +0.80% $58M
PGR 0.69% 0.00% +0.69% $50M
LYV 3.39% 2.73% +0.66% $246M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
COOP 0.00% 2.41% -2.41% $0
NSC 3.88% 6.13% -2.26% $282M
TSM 1.78% 3.80% -2.02% $129M
META 0.00% 2.00% -2.00% $0
TLN 0.00% 1.84% -1.84% $0
PCG 7.59% 9.35% -1.75% $551M
J 0.00% 1.70% -1.70% $0
PRMB 0.00% 1.58% -1.58% $0
FND 0.00% 1.21% -1.21% $0
APO 0.00% 1.07% -1.07% $0
KVUE 0.77% 1.81% -1.04% $56M
MSFT 6.16% 7.05% -0.89% $447M
APO-PA 0.00% 0.78% -0.78% $0
AMZN 6.88% 7.63% -0.75% $500M
FIX 1.35% 2.04% -0.69% $98M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 6 $1.7B 24.1%
Large Cap 32 $5.2B 71.1%
Mid Cap 6 $299M 4.1%
Small Cap 6 $48M 0.7%
Micro Cap 2 $4M 0.1%

Portfolio Analytics

Avg Market Cap
$327.4B
Median Market Cap
$32.1B
Avg P/E
48.3
Median P/E
29.4
Avg Dividend Yield
0.01%
Avg Beta
1.29
# Stocks
52
# ETFs / Funds
0

Top Holdings (52 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 PCG 7.59% 34,300,000 $551M $16.07 -$204M -15,800,000 -31.5%
2 NVDA 7.58% 2,950,000 $550M $186.50 $18M +100,000 +3.5%
3 AMZN 6.88% 2,165,000 $500M $230.82 -$117M -645,000 -22.9%
4 MSFT 6.16% 925,000 $447M $483.62 -$122M -175,000 -15.9%
5 UNP 5.77% 1,810,000 $419M $231.32 $212M +935,000 +106.9%
6 CRH.L 4.47% 2,600,000 $324M $124.80 $65M +435,000 +20.1%
7 SGI 4.18% 3,400,000 $304M $89.28 $51M +400,000 +13.3%
8 BN 3.92% 6,200,000 $285M $45.89 -$36M +1,525,000 +32.6%
9 NSC 3.88% 975,000 $282M $288.72 -$214M -675,000 -40.9%
10 TDS 3.77% 6,675,000 $274M $41.00 $10M -32,274 -0.5%
11 COF 3.67% 1,100,000 $267M $242.36 -$28M -285,000 -20.6%
12 CASY 3.46% 455,000 $251M $552.71 -$31M -45,000 -9.0%
13 CRS 3.40% 785,000 $247M $314.84 $38M -65,000 -7.7%
14 LYV 3.39% 1,725,000 $246M $142.50 $25M +375,000 +27.8%
15 CSGP 2.93% 3,165,000 $213M $67.24 -$42M +148,000 +4.9%
16 MTZ 2.77% 925,000 $201M $217.37 $47M +200,000 +27.6%
17 RKT 2.54% 9,515,000 $184M $19.36 $107M +5,515,000 +137.9%
18 LPLA 2.51% 510,000 $182M $357.17 -$16M -84,143 -14.2%
19 CMG 2.41% 4,725,000 $175M $37.00 +4,725,000 NEW
20 CEG 2.31% 475,000 $168M $353.27 +475,000 NEW
21 VST 2.23% 1,005,000 $162M $161.33 -$21M +70,000 +7.5%
22 DHR 1.89% 600,000 $137M $228.92 $127M +550,000 +1100.0%
23 SN 1.85% 1,200,000 $134M $111.90 -$51M -600,000 -33.3%
24 TSM 1.78% 425,000 $129M $303.89 -$178M -675,000 -61.4%
25 BABA 1.67% 825,000 $121M $146.58 +825,000 NEW
26 APG 1.58% 3,000,000 $115M $38.26 +3,000,000 NEW
27 FIX 1.35% 105,000 $98M $933.29 -$67M -95,000 -47.5%
28 SPOT 0.80% 100,000 $58M $580.71 +100,000 NEW
29 KVUE 0.77% 3,250,000 $56M $17.25 -$90M -5,750,000 -63.9%
30 PGR 0.69% 220,000 $50M $227.72 +220,000 NEW
31 TMO 0.40% 50,000 $29M $579.45 +50,000 NEW
32 SRTA 0.33% 5,000,000 $24M $4.81 -$1M
33 WIX 0.32% 225,000 $23M $103.89 +225,000 NEW
34 CSX 0.25% 500,000 $18M $36.25 +500,000 NEW
35 HTZWW 0.15% 3,970,000 $11M $2.68 -$4M
36 SPRY 0.09% 556,237 $6M $11.65 +556,237 NEW
37 CTEV 0.09% 145,000 $6M $42.75 +145,000 NEW
38 FLYX 0.06% 1,022,000 $4M $4.11 -$848K
39 AUR 0.05% 1,032,463 $4M $3.84 $2M
40 BHC 0.03% 350,000 $2M $6.95 $2M +250,000 +250.0%
41 AUROW 0.01% 1,835,000 $413K $0.23 -$464K
42 FLYX-WT —% 367,499 $105K $0.28 -$12K
43 COOP —% -$195M -925,000 -100.0% SOLD
44 CYH —% -$482K -150,000 -100.0% SOLD
45 PRMB —% -$128M -5,775,000 -100.0% SOLD
46 META —% -$162M -220,000 -100.0% SOLD
47 FND —% -$98M -1,330,000 -100.0% SOLD
48 TLN —% -$149M -350,000 -100.0% SOLD
49 J —% -$137M -915,000 -100.0% SOLD
50 APO-PA —% -$63M -900,000 -100.0% SOLD
51 CORZ —% -$54M -3,000,000 -100.0% SOLD
52 APO —% -$87M -650,000 -100.0% SOLD

Options Breakdown

1 Calls $0 Call Value 1 Puts $0 Put Value

Top Calls

SymbolSharesValueStatus
KVUE $0 SOLD

Top Puts

SymbolSharesValueStatus
SPY $0 SOLD

New Positions

SymbolValue% Port
CMG $175M 2.41%
CEG $168M 2.31%
BABA $121M 1.67%
APG $115M 1.58%
SPOT $58M 0.80%
PGR $50M 0.69%
TMO $29M 0.40%
WIX $23M 0.32%
CSX $18M 0.25%
SPRY $6M 0.09%
CTEV $6M 0.09%

Sold Out Positions

SymbolValue% Port
PRMB —%
APO —%
J —%
APO-PA —%
FND —%
CYH —%
CORZ —%
META —%
TLN —%
COOP —%
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