Third Point LLC

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Third Point LLC maintained a portfolio of 57 distinct positions. The most significant new addition to the portfolio was CHIPOTLE MEXICAN GRI, which now represents 2.40% of the total fund value. They heavily accumulated shares in NVIDIA CORPORATION, increasing their position by 3.5%. Conversely, Third Point LLC completely exited their position in COMMUNITY HEALTH SYS.
PCA Score Concentration Risk
Risk ENB
Total Positions
57
Quarter
2025 Q4
Top Holding
PCG (7.6%)
Top 10 Concentration
54.1%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 57
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
PCG
PG&E CORP
Utilities 7.58% 8.40% #1
Prev: #1
5.0 -15,800,000 -31.5%
P
S
34,300,000 $551,201,000 2002 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NVDA
NVIDIA CORPORAT...
Technology 7.56% 5.92% #2 3
Prev: #5
5.0 100,000 3.5%
P
S
2,950,000 $550,175,000 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
Consumer Cyclical 6.87% 6.86% #3 1
Prev: #2
3.7 -645,000 -23.0%
P
S
2,165,000 $499,725,300 1999 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 6.15% 6.34% #4
Prev: #4
3.5 -175,000 -15.9%
P
S
925,000 $447,348,500 2006 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
UNP
UNION PAC CORP
Industrials 5.76% 2.30% #5 13
Prev: #18
5.8 935,000 106.9%
P
S
1,810,000 $418,689,200 2006 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CRH
CRH PLC
Basic Materials 4.46% 2.89% #6 7
Prev: #13
4.3 435,000 20.1%
P
S
2,600,000 $324,480,000 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SGI
SOMNIGROUP INTE...
Consumer Cyclical 4.17% 2.81% #7 8
Prev: #15
3.7 400,000 13.3%
P
S
3,400,000 $303,552,000 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BN
BROOKFIELD CORP
Financial Services 3.91% 3.57% #8 1
Prev: #7
4.1 1,525,000 32.6%
P
S
6,200,000 $284,518,000 2003 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NSC
NORFOLK SOUTHN ...
Industrials 3.87% 5.51% #9 3
Prev: #6
1.5 -675,000 -40.9%
P
S
975,000 $281,502,000 2007 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TDS
TELEPHONE & DAT...
Communication Services 3.76% 2.93% #10 2
Prev: #12
2.0 -32,274 -0.5%
P
S
6,675,000 $273,675,000 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
COF
CAPITAL ONE FIN...
Financial Services 3.66% 3.28% #11 2
Prev: #9
1.5 -285,000 -20.6%
P
S
1,100,000 $266,596,000 2012 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CASY
CASEYS GEN STOR...
Consumer Cyclical 3.46% 3.14% #12 1
Prev: #11
1.9 -45,000 -9.0%
P
S
455,000 $251,483,050 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CRS
CARPENTER TECHN...
Industrials 3.40% 2.32% #13 4
Prev: #17
1.9 -65,000 -7.6%
P
S
785,000 $247,149,400 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LYV
LIVE NATION ENT...
Communication Services 3.38% 2.45% #14 2
Prev: #16
3.9 375,000 27.8%
P
S
1,725,000 $245,812,500 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CSGP
COSTAR GROUP IN...
Real Estate 2.93% 2.83% #15 1
Prev: #14
1.7 148,000 4.9%
P
S
3,165,000 $212,814,600 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MTZ
MASTEC INC
Industrials 2.76% 1.72% #16 9
Prev: #25
3.6 200,000 27.6%
P
S
925,000 $201,067,250 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
RKT
ROCKET COS INC
Financial Services 2.53% 0.86% #17 15
Prev: #32
4.0 5,515,000 137.9%
P
S
9,515,000 $184,210,400 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
LPLA
LPL FINL HLDGS ...
Financial Services 2.50% 2.20% #18 1
Prev: #19
1.5 -84,143 -14.2%
P
S
510,000 $182,156,700 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CMG
CHIPOTLE MEXICA...
Consumer Cyclical 2.40% #19
Prev: #—
4.5 4,725,000 no change
NEW
4,725,000 $174,825,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CEG
CONSTELLATION E...
Utilities 2.31% #20
Prev: #—
4.4 475,000 no change
NEW
475,000 $167,803,250 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
VST
VISTRA CORP
Utilities 2.23% 2.04% #21 1
Prev: #22
2.9 70,000 7.5%
P
S
1,005,000 $162,136,650 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
DHR
DANAHER CORPORA...
Healthcare 1.89% 0.11% #22 17
Prev: #39
3.8 550,000 1100.0%
P
S
600,000 $137,352,000 2015 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SN
SHARKNINJA INC
Consumer Cyclical 1.85% 2.07% #23 2
Prev: #21
0.7 -600,000 -33.3%
P
S
1,200,000 $134,280,000 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TSM
TAIWAN SEMICOND...
Technology 1.78% 3.42% #24 16
Prev: #8
0.7 -675,000 -61.4%
P
S
425,000 $129,153,250 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BABA
ALIBABA GROUP H...
Consumer Cyclical 1.66% #25
Prev: #—
4.2 825,000 no change
NEW
825,000 $120,928,500 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
APG
API GROUP CORP
Industrials 1.58% #26
Prev: #—
4.1 3,000,000 no change
NEW
3,000,000 $114,780,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FIX
COMFORT SYS USA...
Industrials 1.35% 1.84% #27 4
Prev: #23
0.5 -95,000 -47.5%
P
S
105,000 $97,995,450 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SPOT
SPOTIFY TECHNOL...
Communication Services 0.80% #28
Prev: #—
3.8 100,000 no change
NEW
100,000 $58,071,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
KVUE
KENVUE INC
Consumer Defensive 0.77% 1.62% #29 2
Prev: #27
0.3 -5,750,000 -63.9%
P
S
3,250,000 $56,062,500 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PGR
PROGRESSIVE COR...
Financial Services 0.69% #30
Prev: #—
3.8 220,000 no change
NEW
220,000 $50,098,400 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TMO
THERMO FISHER S...
Healthcare 0.40% #31
Prev: #—
3.7 50,000 no change
NEW
50,000 $28,972,500 2013 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BLDE
STRATA CRITICAL...
Unknown 0.33% 0.28% #32 3
Prev: #35
1.1 no change no change
P
S
5,000,000 $24,050,000 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
WIX
WIX COM LTD
Technology 0.32% #33
Prev: #—
3.6 225,000 no change
NEW
225,000 $23,375,250 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CSX
CSX CORP
Industrials 0.25% #34
Prev: #—
3.6 500,000 no change
NEW
500,000 $18,125,000 2006 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
HTZWW
HERTZ GLOBAL HL...
Unknown 0.15% 0.16% #35 2
Prev: #37
1.1 no change no change
P
S
3,970,000 $10,639,600 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
PG&E CORP
Bond/Debt 0.14% 0.11% #36 2
Prev: #38
1.1 no change no change
P
S
10,000,000 $10,283,406 13F Filing 2025-12-31 2026-02-14 (Est.)
SPRY
ARS PHARMACEUTI...
Healthcare 0.09% #37
Prev: #—
3.5 556,237 no change
NEW
556,237 $6,480,161 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CTEV
CLARITEV CORPOR...
Healthcare 0.09% #38
Prev: #—
3.5 145,000 no change
NEW
145,000 $6,198,750 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PCG/PRX
PG&E CORP
Preferred 0.08% 0.06% #39 1
Prev: #40
1.0 no change no change
P
S
140,000 $5,740,000 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FLYX
FLYEXCLUSIVE IN...
Industrials 0.06% 0.06% #40 1
Prev: #41
1.0 no change no change
P
S
1,022,000 $4,200,420 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AUR
AURORA INNOVATI...
Technology 0.05% 0.02% #41 1
Prev: #42
1.0 no change no change
P
S
1,032,463 $3,964,658 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BHC
BAUSCH HEALTH C...
Healthcare 0.03% 0.01% #42 2
Prev: #44
3.0 250,000 250.0%
P
S
350,000 $2,432,500 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AUROW
AURORA INNOVATI...
Unknown 0.01% 0.01% #43
Prev: #43
1.0 no change no change
P
S
1,835,000 $413,059 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FLYX/WS
FLYEXCLUSIVE IN...
Unknown 0.00% 0.00% #44 2
Prev: #46
1.0 no change no change
P
S
367,499 $104,664 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CYH
COMMUNITY HEALT...
Healthcare 0.00% 0.01%
Sold All 😨
(Was: #45)
0.0 -150,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
KVUE
KENVUE INC
CALL
CALL Option 0.00% 0.27%
Sold All 😨
(Was: #36)
0.0 -1,500,000 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CORZ
CORE SCIENTIFIC...
Technology 0.00% 0.60%
Sold All 😨
(Was: #34)
0.0 -3,000,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
APO/PRA
APOLLO GLOBAL M...
Unknown 0.00% 0.70%
Sold All 😨
(Was: #33)
0.0 -900,000 -100.0%
CLOSED
$— 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
APO
APOLLO GLOBAL M...
Financial Services 0.00% 0.96%
Sold All 😨
(Was: #31)
0.0 -650,000 -100.0%
CLOSED
$— 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FND
FLOOR & DECOR H...
Consumer Cyclical 0.00% 1.09%
Sold All 😨
(Was: #30)
0.0 -1,330,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 57 holdings

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