Third Point 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Third Point disclosed 44 US equity positions worth $8.4bn in its Q3 2025 13F filing. The largest position was PCG at 9.0% of the reported book, followed by AMZN and MSFT. Against the Q2 2025 filing, it opened 9 new positions, added to 10 and reduced 13 among the top 44 holdings.
What did Third Point own in Q3 2025? Top 44 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | PCG PG&E CORP | Utilities | 9.0% | $755.5m | 50,100,000 | -2% | reduced |
| 2 | AMZN AMAZON COM INC | Consumer Cyclical | 7.4% | $617.0m | 2,810,000 | 4% | added |
| 3 | MSFT MICROSOFT CORP | Technology | 6.8% | $569.7m | 1,100,000 | 175% | added |
| 4 | NVDA NVIDIA CORPORATION | Technology | 6.3% | $531.8m | 2,850,000 | 2% | added |
| 5 | NSC NORFOLK SOUTHN CORP | Industrials | 5.9% | $495.7m | 1,650,000 | – | new |
| 6 | BN BROOKFIELD CORP | Financial Services | 3.8% | $320.6m | 4,675,000 | 0% | held |
| 7 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 3.7% | $307.2m | 1,100,000 | -23% | reduced |
| 8 | COF CAPITAL ONE FINL CORP | Financial Services | 3.5% | $294.4m | 1,385,000 | -23% | reduced |
| 9 | FLUTTER ENTMT PLC | 3.4% | $284.5m | 1,120,000 | 5% | added | |
| 10 | CASY CASEYS GEN STORES INC | Consumer Cyclical | 3.4% | $282.7m | 500,000 | 39% | added |
| 11 | TDS TELEPHONE & DATA SYS INC | Communication Services | 3.1% | $263.2m | 6,707,274 | -0% | held |
| 12 | CRH CRH PLC | Basic Materials | 3.1% | $259.6m | 2,165,000 | -16% | reduced |
| 13 | CSGP COSTAR GROUP INC | Real Estate | 3.0% | $254.5m | 3,017,000 | -2% | reduced |
| 14 | SGI SOMNIGROUP INTERNATIONAL INC | Consumer Cyclical | 3.0% | $253.0m | 3,000,000 | – | new |
| 15 | LYV LIVE NATION ENTERTAINMENT IN | Communication Services | 2.6% | $220.6m | 1,350,000 | -32% | reduced |
| 16 | CRS CARPENTER TECHNOLOGY CORP | Industrials | 2.5% | $208.7m | 850,000 | 13% | added |
| 17 | UNP UNION PAC CORP | Industrials | 2.5% | $206.8m | 875,000 | – | new |
| 18 | LPLA LPL FINL HLDGS INC | Financial Services | 2.4% | $197.7m | 594,143 | -5% | reduced |
| 19 | 07WA MR COOPER GROUP INC | 2.3% | $195.0m | 925,000 | 0% | held | |
| 20 | SN SHARKNINJA INC | Consumer Cyclical | 2.2% | $185.7m | 1,800,000 | 50% | added |
| 21 | VST VISTRA CORP | Utilities | 2.2% | $183.2m | 935,000 | -25% | reduced |
| 22 | FIX COMFORT SYS USA INC | Industrials | 2.0% | $165.0m | 200,000 | 8% | added |
| 23 | META META PLATFORMS INC | Communication Services | 1.9% | $161.6m | 220,000 | 47% | added |
| 24 | MTZ MASTEC INC | Industrials | 1.8% | $154.3m | 725,000 | – | new |
| 25 | TLN TALEN ENERGY CORP | Utilities | 1.8% | $148.9m | 350,000 | -55% | reduced |
| 26 | KVUE KENVUE INC | Consumer Defensive | 1.7% | $146.1m | 9,000,000 | 6% | added |
| 27 | J JACOBS SOLUTIONS INC | Industrials | 1.6% | $137.1m | 915,000 | -28% | reduced |
| 28 | PRMB PRIMO BRANDS CORPORATION | Consumer Defensive | 1.5% | $127.6m | 5,775,000 | 0% | held |
| 29 | FND FLOOR & DECOR HLDGS INC | Consumer Cyclical | 1.2% | $98.0m | 1,330,000 | – | new |
| 30 | APO APOLLO GLOBAL MGMT INC | Financial Services | 1.0% | $86.6m | 650,000 | -49% | reduced |
| 31 | RKT ROCKET COS INC | Financial Services | 0.9% | $77.5m | 4,000,000 | -16% | reduced |
| 32 | APOLLO GLOBAL MGMT INC | 0.8% | $63.3m | 900,000 | 0% | held | |
| 33 | CORZ CORE SCIENTIFIC INC NEW | Technology | 0.6% | $53.8m | 3,000,000 | – | new |
| 34 | SRTA STRATA CRITICAL MEDICAL INC | 0.3% | $25.3m | 5,000,000 | – | new | |
| 35 | HERTZ GLOBAL HLDGS INC | 0.2% | $14.8m | 3,970,000 | 0% | held | |
| 36 | PG&E CORP | 0.1% | $10.1m | 10,000,000 | 0% | held | |
| 37 | DHR DANAHER CORPORATION | Healthcare | 0.1% | $9.9m | 50,000 | -90% | reduced |
| 38 | PG&E CORP | 0.1% | $5.5m | 140,000 | 0% | held | |
| 39 | FLYEXCLUSIVE INC | 0.1% | $5.0m | 1,022,000 | 0% | held | |
| 40 | AURORA INNOVATION INC | 0.0% | $2.2m | 1,032,463 | 0% | held | |
| 41 | AURORA INNOVATION INC | 0.0% | $877.0k | 1,835,000 | 0% | held | |
| 42 | BHC BAUSCH HEALTH COS INC | Healthcare | 0.0% | $645.0k | 100,000 | – | new |
| 43 | CYH COMMUNITY HEALTH SYS INC NEW | Healthcare | 0.0% | $481.5k | 150,000 | – | new |
| 44 | FLYEXCLUSIVE INC | 0.0% | $116.7k | 367,499 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.