D
Dan Loeb
Third Point LLC · Holdings as of Dec 31, 2025, filed by Feb 15, 2026 · US long stock positions only
Event-driven activist with a sharp pen.
Reported value?Total value of the US long stock positions in the latest SEC filing. Not the fund's full size: cash, shorts, bonds and foreign listings never appear in these filings.
$7B
43 positions shown
Copycat since 2016?What $1 became if you bought this exact filed book at every filing deadline since 2016 and rebalanced quarterly. Price returns, dividends excluded. A copy of public filings, not the fund's actual performance.
2.43x
9% per year
vs SPY?The same $1 in SPY over the same window. Ahead means copying the filings beat the market; behind means the boring index won.
behind
SPY 3.57x same window
Top position?Largest holding by reported value and its share of the filed book.
PCG
8% of book
Copying these filings vs SPY?Each line is $1 buying the filed book at every quarterly deadline. Hover for values at any quarter. Dividends excluded on both lines.
$1 at every deadline since 2016
Price returns, dividends excluded on both lines. A copycat of public filings traded at each deadline, not the fund's actual performance.
The book
tile = share of the filed book · tap a tile for the ticker · Dec 2025
| Symbol | Value | % of book | vs prior quarter |
|---|
| PCG |
$551M |
8% |
trimmed |
| NVDA |
$550M |
8% |
added |
| AMZN |
$500M |
7% |
trimmed |
| MSFT |
$447M |
6% |
trimmed |
| UNP |
$419M |
6% |
added |
| unlisted |
$324M |
4% |
added |
| SGI |
$304M |
4% |
added |
| BN |
$285M |
4% |
added |
| NSC |
$282M |
4% |
trimmed |
| TDS |
$274M |
4% |
unchanged |
| COF |
$267M |
4% |
trimmed |
| CASY |
$251M |
3% |
trimmed |
| CRS |
$247M |
3% |
trimmed |
| LYV |
$246M |
3% |
added |
| CSGP |
$213M |
3% |
added |
| MTZ |
$201M |
3% |
added |
| RKT |
$184M |
3% |
added |
| LPLA |
$182M |
3% |
trimmed |
| CMG |
$175M |
2% |
new |
| CEG |
$168M |
2% |
new |
| VST |
$162M |
2% |
added |
| DHR |
$137M |
2% |
added |
| SN |
$134M |
2% |
trimmed |
| TSM |
$129M |
2% |
trimmed |
| BABA |
$121M |
2% |
new |
| APG |
$115M |
2% |
new |
| FIX |
$98M |
1% |
trimmed |
| SPOT |
$58M |
1% |
new |
| KVUE |
$56M |
1% |
trimmed |
| PGR |
$50M |
1% |
new |
| TMO |
$29M |
0% |
new |
| SRTA |
$24M |
0% |
unchanged |
| WIX |
$23M |
0% |
new |
| CSX |
$18M |
0% |
new |
| HTZWW |
$11M |
0% |
unchanged |
| SPRY |
$6M |
0% |
new |
| CTEV |
$6M |
0% |
new |
| PCG |
$6M |
0% |
unchanged |
| FLYX |
$4M |
0% |
unchanged |
| AUR |
$4M |
0% |
unchanged |
| BHC |
$2M |
0% |
added |
| AUROW |
$413K |
0% |
unchanged |
| FLYX.WS |
$105K |
0% |
unchanged |
Positions built under SEC confidential treatment appear only after the SEC releases them. Cash, foreign listings and shorts never appear in these filings.