Third Point Portfolio
Third Point 13F filer (CIK 0001040273).
Q4 2025 · 43 positions · Total reported value $6.72B · Top-10 concentration 54.3%
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 Q4 2025 13F filing, Third Point disclosed 43 equity positions with a combined reported value of $6.72B. The filing implies a moderately concentrated portfolio: its ten largest positions account for 54.3% of reported value. HoldingsHub classifies the profile as Mid / High Turnover.
The largest disclosed positions as of Q4 2025 were NVDA ($550.17M), AMZN ($499.73M), MSFT ($447.35M). By sector, the heaviest allocations are Consumer Discretionary 29.5%, Industrials 26.1%. Versus the prior quarter, allocation shifted toward Consumer Discretionary (+7.0pp), Industrials (+6.2pp) and away from Technology (-5.4pp), Other (-12.1pp).
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 58% 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 | NVDA | NVIDIA CORPORATION | 2.95M | $550.17M | 8.18% | Add |
| 2 | AMZN | AMAZON COM INC | 2.17M | $499.73M | 7.43% | Reduce |
| 3 | MSFT | MICROSOFT CORP | 925.00K | $447.35M | 6.65% | Reduce |
| 4 | UNP | UNION PAC CORP | 1.81M | $418.69M | 6.23% | Add |
| 5 | CRH | CRH PLC | 2.60M | $324.48M | 4.83% | Add |
| 6 | SGI | SOMNIGROUP INTERNATIONAL INC | 3.40M | $303.55M | 4.51% | Add |
| 7 | BN | BROOKFIELD CORP | 6.20M | $284.52M | 4.23% | Add |
| 8 | NSC | NORFOLK SOUTHN CORP | 975.00K | $281.50M | 4.19% | Reduce |
| 9 | TDS | TELEPHONE & DATA SYS INC | 6.67M | $273.68M | 4.07% | Hold |
| 10 | COF | CAPITAL ONE FINL CORP | 1.10M | $266.60M | 3.96% | Reduce |
| 11 | CASY | CASEYS GEN STORES INC | 455.00K | $251.48M | 3.74% | Reduce |
| 12 | CRS | CARPENTER TECHNOLOGY CORP | 785.00K | $247.15M | 3.68% | Reduce |
| 13 | LYV | LIVE NATION ENTERTAINMENT IN | 1.73M | $245.81M | 3.66% | Add |
| 14 | CSGP | COSTAR GROUP INC | 3.17M | $212.81M | 3.17% | Add |
| 15 | MTZ | MASTEC INC | 925.00K | $201.07M | 2.99% | Add |
| 16 | RKT | ROCKET COS INC | 9.52M | $184.21M | 2.74% | Add |
| 17 | LPLA | LPL FINL HLDGS INC | 510.00K | $182.16M | 2.71% | Reduce |
| 18 | CMG | CHIPOTLE MEXICAN GRILL INC | 4.72M | $174.82M | 2.60% | New |
| 19 | CEG | CONSTELLATION ENERGY CORP | 475.00K | $167.80M | 2.50% | New |
| 20 | VST | VISTRA CORP | 1.00M | $162.14M | 2.41% | Add |
| 21 | DHR | DANAHER CORP DEL | 600.00K | $137.35M | 2.04% | Add |
| 22 | SN | SHARKNINJA INC | 1.20M | $134.28M | 2.00% | Reduce |
| 23 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | 425.00K | $129.15M | 1.92% | Reduce |
| 24 | BABA | ALIBABA GROUP HLDG LTD | 825.00K | $120.93M | 1.80% | New |
| 25 | APG | API GROUP CORP | 3.00M | $114.78M | 1.71% | New |
| 26 | FIX | COMFORT SYS USA INC | 105.00K | $98.00M | 1.46% | Reduce |
| 27 | SPOT | SPOTIFY TECHNOLOGY S A | 100.00K | $58.07M | 0.86% | New |
| 28 | KVUE | KENVUE INC | 3.25M | $56.06M | 0.83% | Reduce |
| 29 | PGR | PROGRESSIVE CORP | 220.00K | $50.10M | 0.74% | New |
| 30 | TMO | THERMO FISHER SCIENTIFIC INC | 50.00K | $28.97M | 0.43% | New |
| 31 | SRTA | STRATA CRITICAL MEDICAL INC | 5.00M | $24.05M | 0.36% | Hold |
| 32 | WIX | WIX COM LTD | 225.00K | $23.38M | 0.35% | New |
| 33 | CSX | CSX CORP | 500.00K | $18.12M | 0.27% | New |
| 34 | HTZWW | HERTZ GLOBAL HLDGS INC | 3.97M | $10.64M | 0.16% | Hold |
| 35 | PCG | PG&E CORP | 10.00M | $10.28M | 0.15% | Hold |
| 36 | SPRY | ARS PHARMACEUTICALS INC | 556.24K | $6.48M | 0.10% | New |
| 37 | CTEV | CLARITEV CORPORATION | 145.00K | $6.20M | 0.09% | New |
| 38 | PCGPRX | PG&E CORP | 140.00K | $5.74M | 0.09% | Hold |
| 39 | FLYX | FLYEXCLUSIVE INC | 1.02M | $4.20M | 0.06% | Hold |
| 40 | AUR | AURORA INNOVATION INC | 1.03M | $3.96M | 0.06% | Hold |
| 41 | BHC | BAUSCH HEALTH COS INC | 350.00K | $2.43M | 0.04% | Add |
| 42 | AUROW | AURORA INNOVATION INC | 1.83M | $413.06K | 0.01% | Hold |
| 43 | FLYXWS | FLYEXCLUSIVE INC | 367.50K | $104.66K | 0.00% | Hold |