Third Point LLC
Institutional investor · Portfolio as of Q4 2025
Top Holdings44 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
P G & E CORP | 34.3M | $551.2M | 7.6% | $10.14 | +72.65% | 22 qtrssince 2020-Q3 | Decreased 0 |
NVIDIA CORP | 3M | $550.2M | 7.6% | $135.52 | +38.39% | 4 qtrssince 2025-Q1 | Increased 64 |
AMAZON.COM INC | 2.2M | $499.7M | 6.9% | $151.16 | +53.84% | 11 qtrssince 2023-Q2 | Decreased 0 |
MICROSOFT CORP | 925,000 | $447.3M | 6.1% | $444.76 | +8.00% | 13 qtrssince 2022-Q4 | Decreased 0 |
UNION PACIFIC CORP | 1.8M | $418.7M | 5.8% | $233.91 | -0.36% | 2 qtrssince 2025-Q3 | Increased 99 |
CRH PLC | 2.6M | $324.5M | 4.5% | $92.66 | +33.19% | 7 qtrssince 2024-Q2 | Increased 69 |
TEMPUR SEALY INTERNATIONAL I | 3.4M | $303.6M | 4.2% | $83.30 | +8.42% | 2 qtrssince 2025-Q3 | Increased 65 |
BROOKFIELD CORP /CAD/ | 6.2M | $284.5M | 3.9% | $38.52 | +10.99% | 6 qtrssince 2024-Q3 | Increased 73 |
NORFOLK SOUTHERN CORP | 975,000 | $281.5M | 3.9% | $295.21 | -3.43% | 2 qtrssince 2025-Q3 | Decreased 0 |
TELEPHONE & DATA SYS INC | 6.7M | $273.7M | 3.8% | $28.13 | +45.36% | 10 qtrssince 2023-Q3 | Decreased 0 |
CAPITAL ONE FINANCIAL CORP | 1.1M | $266.6M | 3.7% | $188.73 | +26.93% | 5 qtrssince 2024-Q4 | Decreased 0 |
CASEY'S GENERAL STORES INC | 455,000 | $251.5M | 3.5% | $477.65 | +82.14% | 4 qtrssince 2025-Q1 | Decreased 0 |
CARPENTER TECHNOLOGY | 785,000 | $247.1M | 3.4% | $170.96 | +83.96% | 6 qtrssince 2024-Q3 | Decreased 0 |
LIVE NATION ENTERTAINMENT IN | 1.7M | $245.8M | 3.4% | $113.12 | +27.37% | 7 qtrssince 2024-Q2 | Increased 71 |
COSTAR GROUP INC | 3.2M | $212.8M | 2.9% | $79.27 | -59.15% | 4 qtrssince 2025-Q1 | Increased 56 |
MASTEC INC | 925,000 | $201.1M | 2.8% | $211.88 | +3.99% | 2 qtrssince 2025-Q3 | Increased 66 |
ROCKET COS INC-CLASS A | 9.5M | $184.2M | 2.5% | $17.60 | -17.64% | 3 qtrssince 2025-Q2 | Increased 85 |
LPL FINANCIAL HOLDINGS INC | 510,000 | $182.2M | 2.5% | $255.25 | +44.25% | 6 qtrssince 2024-Q3 | Decreased 0 |
CHIPOTLE MEXICAN GRILL INC | 4.7M | $174.8M | 2.4% | $37.04 | -9.56% | 1 qtr | New 80 |
CONSTELLATION ENERGY - W/I | 475,000 | $167.8M | 2.3% | $357.12 | -22.10% | 1 qtr | New 80 |
Third Point LLC manages $7.3B across 44 positions as of Q4 2025. Top holdings: PCG (7.6%), NVDA (7.6%), AMZN (6.9%). Fund DNA: Momentum Trader. HoldingsIntel Rating: 1.5/5.0.
Active quarter - 11 new positions, 11 exits, 12 increased. Top move: UNP (INCREASED, conviction 99). Portfolio: $7.3B across 44 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
Top Winners
Top Losers
Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Accumulation Streaks
Positions with 2+ consecutive quarters of increases - persistent directional conviction.
No active accumulation streaks detected for this filer.
Streaks require 2+ consecutive quarters of increased positions in the most recent period.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer