Third Point Portfolio
Third Point 13F filer (CIK 0001040273).
Q3 2025 · 44 positions · Total reported value $8.23B · Top-10 concentration 52.1%
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 Q3 2025 13F filing, Third Point disclosed 44 equity positions with a combined reported value of $8.23B. The filing implies a moderately concentrated portfolio: its ten largest positions account for 52.1% of reported value. HoldingsHub classifies the profile as Mid / High Turnover.
The largest disclosed positions as of Q3 2025 were AMZN ($616.99M), SPY ($582.91M), MSFT ($569.75M). By sector, the heaviest allocations are Technology 22.6%, Consumer Discretionary 22.4%. Versus the prior quarter, allocation shifted toward Industrials (+6.3pp), Other (+5.5pp) and away from Consumer Discretionary (-2.2pp), Utilities (-2.8pp).
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 57% 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 | 2.81M | $616.99M | 7.49% | Add |
| 2 | SPY | STATE STR SPDR S&P 500 ETF T | 875.00K | $582.91M | 7.08% | New |
| 3 | MSFT | MICROSOFT CORP | 1.10M | $569.75M | 6.92% | Add |
| 4 | NVDA | NVIDIA CORPORATION | 2.85M | $531.75M | 6.46% | Add |
| 5 | NSC | NORFOLK SOUTHN CORP | 1.65M | $495.68M | 6.02% | New |
| 6 | BN | BROOKFIELD CORP | 4.67M | $320.61M | 3.89% | Hold |
| 7 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | 1.10M | $307.22M | 3.73% | Reduce |
| 8 | COF | CAPITAL ONE FINL CORP | 1.39M | $294.42M | 3.58% | Reduce |
| 9 | FLUT | FLUTTER ENTMT PLC | 1.12M | $284.48M | 3.46% | Add |
| 10 | CASY | CASEYS GEN STORES INC | 500.00K | $282.66M | 3.43% | Add |
| 11 | TDS | TELEPHONE & DATA SYS INC | 6.71M | $263.19M | 3.20% | Hold |
| 12 | CRH | CRH PLC | 2.17M | $259.58M | 3.15% | Reduce |
| 13 | CSGP | COSTAR GROUP INC | 3.02M | $254.54M | 3.09% | Reduce |
| 14 | SGI | SOMNIGROUP INTERNATIONAL INC | 3.00M | $252.99M | 3.07% | New |
| 15 | LYV | LIVE NATION ENTERTAINMENT IN | 1.35M | $220.59M | 2.68% | Reduce |
| 16 | CRS | CARPENTER TECHNOLOGY CORP | 850.00K | $208.71M | 2.54% | Add |
| 17 | UNP | UNION PAC CORP | 875.00K | $206.82M | 2.51% | New |
| 18 | LPLA | LPL FINL HLDGS INC | 594.14K | $197.67M | 2.40% | Reduce |
| 19 | COOP | MR COOPER GROUP INC | 925.00K | $194.98M | 2.37% | Hold |
| 20 | SN | SHARKNINJA INC | 1.80M | $185.67M | 2.25% | Add |
| 21 | VST | VISTRA CORP | 935.00K | $183.19M | 2.23% | Reduce |
| 22 | KVUE | KENVUE INC | 10.50M | $170.41M | 2.07% | Add |
| 23 | FIX | COMFORT SYS USA INC | 200.00K | $165.04M | 2.00% | Add |
| 24 | META | META PLATFORMS INC. CLASS A | 220.00K | $161.56M | 1.96% | Add |
| 25 | MTZ | MASTEC INC | 725.00K | $154.29M | 1.87% | New |
| 26 | TLN | TALEN ENERGY CORP | 350.00K | $148.88M | 1.81% | Reduce |
| 27 | J | JACOBS SOLUTIONS INC | 915.00K | $137.12M | 1.67% | Reduce |
| 28 | PRMB | PRIMO BRANDS CORPORATION | 5.78M | $127.63M | 1.55% | Hold |
| 29 | FND | FLOOR & DECOR HLDGS INC | 1.33M | $98.02M | 1.19% | New |
| 30 | APO | APOLLO GLOBAL MGMT INC | 650.00K | $86.63M | 1.05% | Reduce |
| 31 | RKT | ROCKET COS INC | 4.00M | $77.52M | 0.94% | Reduce |
| 32 | APOPRA | APOLLO GLOBAL MGMT INC | 900.00K | $63.25M | 0.77% | Hold |
| 33 | CORZ | CORE SCIENTIFIC INC NEW | 3.00M | $53.82M | 0.65% | New |
| 34 | SRTA | STRATA CRITICAL MEDICAL INC | 5.00M | $25.30M | 0.31% | New |
| 35 | HTZWW | HERTZ GLOBAL HLDGS INC | 3.97M | $14.77M | 0.18% | Hold |
| 36 | PCG | PG&E CORP | 10.00M | $10.11M | 0.12% | Hold |
| 37 | DHR | DANAHER CORP DEL | 50.00K | $9.91M | 0.12% | Reduce |
| 38 | PCGPRX | PG&E CORP | 140.00K | $5.51M | 0.07% | Hold |
| 39 | FLYX | FLYEXCLUSIVE INC | 1.02M | $5.05M | 0.06% | Hold |
| 40 | AUR | AURORA INNOVATION INC | 1.03M | $2.17M | 0.03% | Hold |
| 41 | AUROW | AURORA INNOVATION INC | 1.83M | $877.00K | 0.01% | Hold |
| 42 | BHC | BAUSCH HEALTH COS INC | 100.00K | $645.00K | 0.01% | New |
| 43 | CYH | COMMUNITY HEALTH SYS INC NEW | 150.00K | $481.50K | 0.01% | New |
| 44 | FLYXWS | FLYEXCLUSIVE INC | 367.50K | $116.68K | 0.00% | Hold |