Third Point Portfolio
Third Point 13F filer (CIK 0001040273).
Q1 2025 · 44 positions · Total reported value $5.67B · Top-10 concentration 45.6%
Turnover: 59.2% · 16 new · 4 cut · 9 exited
Active Share (vs S&P 500): 94.5% · vs QQQ: 94.7% — share of the book that differs from index weights (higher = more active) · ranking
In its Q1 2025 13F filing, Third Point disclosed 44 equity positions with a combined reported value of $5.67B. The filing implies a moderately concentrated portfolio: its ten largest positions account for 45.6% of reported value. HoldingsHub classifies the profile as Mid / High Turnover.
The largest disclosed positions as of Q1 2025 were AMZN ($447.11M), TSM ($295.48M), LYV ($274.22M). By sector, the heaviest allocations are Consumer Discretionary 25.2%, Financials 16.6%. Versus the prior quarter, allocation shifted toward Other (+5.1pp), Financials (+5.0pp) and away from Real Estate (-0.5pp), Miscellaneous (-3.2pp).
Versus the prior quarter, Third Point opened 16 new positions, trimmed 4 and fully exited 9, a turnover rate of 59.2% of positions. The portfolio's overlap with the prior quarter was 62% of names.
Figures come from the fund's SEC Form 13F filing. 13F reports are filed within 45 days of quarter end and cover long positions of $100,000 or more; they exclude short positions and non-13F asset classes, so treat this page as a quarter-end snapshot rather than the fund's live book.
Sector Allocation
| # | Symbol | Company | Shares | Value | Weight | Change |
|---|---|---|---|---|---|---|
| 1 | AMZN | AMAZON COM INC | 2.35M | $447.11M | 7.88% | Reduce |
| 2 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | 1.78M | $295.48M | 5.21% | Hold |
| 3 | LYV | LIVE NATION ENTERTAINMENT IN | 2.10M | $274.22M | 4.83% | Add |
| 4 | TDS | TELEPHONE & DATA SYS INC | 6.76M | $261.88M | 4.62% | Add |
| 5 | CRH | CRH PLC | 2.71M | $238.84M | 4.21% | Hold |
| 6 | BN | BROOKFIELD CORP | 4.24M | $222.22M | 3.92% | Reduce |
| 7 | FLUT | FLUTTER ENTMT PLC | 970.00K | $214.90M | 3.79% | Add |
| 8 | KVUE | KENVUE INC | 8.90M | $213.42M | 3.76% | New |
| 9 | CPAY | CORPAY INC | 610.00K | $212.72M | 3.75% | Hold |
| 10 | APO | APOLLO GLOBAL MGMT INC | 1.50M | $205.41M | 3.62% | Add |
| 11 | LPLA | LPL FINL HLDGS INC | 625.00K | $204.46M | 3.60% | Reduce |
| 12 | ICE | INTERCONTINENTAL EXCHANGE IN | 1.10M | $189.75M | 3.35% | Reduce |
| 13 | COF | CAPITAL ONE FINL CORP | 1.05M | $188.26M | 3.32% | Add |
| 14 | SPY | STATE STR SPDR S&P 500 ETF T | 330.00K | $184.48M | 3.25% | New |
| 15 | J | JACOBS SOLUTIONS INC | 1.40M | $169.25M | 2.98% | Reduce |
| 16 | CRS | CARPENTER TECHNOLOGY CORP | 870.00K | $157.63M | 2.78% | Hold |
| 17 | EQT | EQT CORP | 2.95M | $157.62M | 2.78% | Hold |
| 18 | NVDA | NVIDIA CORPORATION | 1.45M | $157.15M | 2.77% | New |
| 19 | CSGP | COSTAR GROUP INC | 1.98M | $156.48M | 2.76% | New |
| 20 | X | UNITED STATES STL CORP NEW | 3.62M | $153.19M | 2.70% | New |
| 21 | FTV | FORTIVE CORP | 1.90M | $139.04M | 2.45% | Hold |
| 22 | CASY | CASEYS GEN STORES INC | 300.00K | $130.21M | 2.29% | New |
| 23 | DFS | DISCOVER FINL SVCS | 740.00K | $126.32M | 2.23% | Add |
| 24 | MSFT | MICROSOFT CORP | 315.00K | $118.25M | 2.08% | Reduce |
| 25 | TLN | TALEN ENERGY CORP | 585.00K | $116.81M | 2.06% | New |
| 26 | T | AT&T INC | 3.77M | $105.64M | 1.86% | New |
| 27 | HES | HESS CORP | 625.00K | $99.83M | 1.76% | Hold |
| 28 | VST | VISTRA CORP | 850.00K | $99.82M | 1.76% | Reduce |
| 29 | PRMB | PRIMO BRANDS CORPORATION | 2.77M | $98.48M | 1.74% | Add |
| 30 | RBA | RB GLOBAL INC | 950.00K | $95.28M | 1.68% | New |
| 31 | APOPRA | APOLLO GLOBAL MGMT INC | 900.00K | $65.78M | 1.16% | Hold |
| 32 | SN | SHARKNINJA INC | 550.00K | $45.88M | 0.81% | New |
| 33 | SHCO | SOHO HOUSE & CO INC | 5.20M | $32.14M | 0.57% | Add |
| 34 | PINS | PINTEREST INC | 1.00M | $31.00M | 0.55% | New |
| 35 | SDRL | SEADRILL LTD | 1.02M | $25.62M | 0.45% | Hold |
| 36 | PCG | PG&E CORP | 10.00M | $10.58M | 0.19% | Hold |
| 37 | HTZWW | HERTZ GLOBAL HLDGS INC | 3.97M | $8.97M | 0.16% | Hold |
| 38 | AUR | AURORA INNOVATION INC | 1.03M | $6.94M | 0.12% | Hold |
| 39 | PCGPRX | PG&E CORP | 140.00K | $6.26M | 0.11% | Hold |
| 40 | FLYX | FLYEXCLUSIVE INC | 1.02M | $3.18M | 0.06% | Hold |
| 41 | AUROW | AURORA INNOVATION INC | 1.83M | $2.59M | 0.05% | Hold |
| 42 | NPWRWS | NET POWER INC | 500.00K | $152.50K | 0.00% | Hold |
| 43 | FLYXWS | FLYEXCLUSIVE INC | 367.50K | $36.75K | 0.00% | Hold |
| 44 | GBWS | GLOBAL BLUE GROUP HOLDING AG | 1.33M | $29.60K | 0.00% | Hold |