Activist · CIK 0001040273

Daniel Loeb

Third Point

Mid-Size Fund

Daniel Loeb runs Third Point, an activist overseeing $7.27B in disclosed equity holdings (SEC CIK 0001040273). The latest portfolio (2025Q4) discloses 44 positions across 9 sectors, with the largest positions in PCG, NVDA and AMZN. On a mark-to-market basis the tracked portfolio has returned 19.1% over the past year. OpenStocks tracks 40 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.

Track Daniel's filings View holdings

Portfolio

$7.27B

Positions

Quarter

2025Q4

Filings tracked

1Y+19.1%3Y+96.7%5Y+264.2%Full performance →

Quarter

2025Q4 2025Q3 2025Q2 2025Q1 2024Q4 2024Q3 2024Q2 2024Q1 2023Q4 2023Q3 2023Q2 2023Q1

Holdings

Sorted by value · 2023Q3

Sector40 positions

PCGPG&E CORP

Utilities·Utilities - Regulated Electric

13.91%

of portfolio

Number of shares

56,860,000 sh

Holdings current value

$917.15M

Avg closing price

$10.72

Last action

Trimmed 21.7%

2025Q4

Current —

MSFTMICROSOFT CORP

Technology·Software - Infrastructure

10.66%

of portfolio

Number of shares

2,225,000 sh

Holdings current value

$702.54M

Avg closing price

$446.21

-5.2%

Last action

Trimmed 7.3%

2025Q4

Current $422.79

DHRDANAHER CORPORATION

Healthcare·Diagnostics & Research

9.22%

of portfolio

Number of shares

2,450,000 sh

Holdings current value

$607.85M

Avg closing price

$220.42

-12.1%

Last action

Added 28.9%

2025Q4

Current $193.78

AMZNAMAZON COM INC

Consumer Cyclical·Internet Retail

9.02%

of portfolio

Number of shares

4,680,000 sh

Holdings current value

$594.92M

Avg closing price

$158.54

+57.5%

Last action

Trimmed 12.1%

2025Q4

Current $249.70

BBWIBATH & BODY WORKS INC

Consumer Cyclical·Specialty Retail

7.10%

of portfolio

Number of shares

13,850,000 sh

Holdings current value

$468.13M

Avg closing price

$36.50

-50.6%

Last action

Exited

2024Q4

Current $18.04

METAMETA PLATFORMS INC

Communication Services·Internet Content & Information

5.01%

of portfolio

Number of shares

1,100,000 sh

Holdings current value

$330.23M

Avg closing price

$418.48

+61.7%

Last action

Exited

2025Q4

Current $676.87

DDDUPONT DE NEMOURS INC

Basic Materials·Specialty Chemicals

4.69%

of portfolio

Number of shares

4,150,000 sh

Holdings current value

$309.55M

Avg closing price

$74.30

-37.1%

Last action

Exited

2024Q1

Current $46.75

ICEINTERCONTINENTAL EXCHANGE IN

Financial Services·Financial Data & Stock Exchanges

3.99%

of portfolio

Number of shares

2,389,934 sh

Holdings current value

$262.94M

Avg closing price

$131.80

+24.2%

Last action

Exited

2025Q3

Current $163.75

JJACOBS SOLUTIONS INC

Industrials·Engineering & Construction

3.73%

of portfolio

Number of shares

1,800,000 sh

Holdings current value

$245.70M

Avg closing price

$123.10

Last action

Exited

2025Q4

Current —

G3421J106FERGUSON PLC NEW

3.17%

of portfolio

Number of shares

1,275,000 sh

Holdings current value

$208.73M

Avg closing price

$111.39

Last action

Exited

2024Q3

Current —

UBERUBER TECHNOLOGIES INC

Technology·Software - Application

2.93%

of portfolio

Number of shares

4,200,000 sh

Holdings current value

$193.16M

Avg closing price

$67.53

+13.2%

Last action

Exited

2024Q3

Current $76.48

AIGAMERICAN INTL GROUP INC

Financial Services·Insurance - Diversified

2.71%

of portfolio

Number of shares

2,950,000 sh

Holdings current value

$178.77M

Avg closing price

$63.89

+22.4%

Last action

Exited

2024Q3

Current $78.22

OPCHOPTION CARE HEALTH INC

Healthcare·Medical Care Facilities

2.67%

of portfolio

Number of shares

5,450,659 sh

Holdings current value

$176.33M

Avg closing price

$32.14

Last action

Exited

2023Q4

Current —

IFFINTERNATIONAL FLAVORS&FRAGRA

Basic Materials·Specialty Chemicals

2.56%

of portfolio

Number of shares

2,475,000 sh

Holdings current value

$168.72M

Avg closing price

$102.67

-29.8%

Last action

Exited

2024Q3

Current $72.06

USX1UNITED STATES STL CORP NEW

2.34%

of portfolio

Number of shares

4,750,000 sh

Holdings current value

$154.28M

Avg closing price

$34.69

Last action

Exited

2025Q2

Current —

TSMTAIWAN SEMICONDUCTOR MFG LTDADR

Technology·Semiconductors

2.34%

of portfolio

Number of shares

1,775,000 sh

Holdings current value

$154.25M

Avg closing price

$131.52

+176.3%

Last action

Trimmed 27.6%

2025Q4

Current $363.35

TMUST-MOBILE US INC

Communication Services·Telecom Services

2.12%

of portfolio

Number of shares

1,000,000 sh

Holdings current value

$140.05M

Avg closing price

$102.10

+93.1%

Last action

Exited

2023Q4

Current $197.12

VSTVISTRA CORP

Utilities·Utilities - Independent Power Producers

1.81%

of portfolio

Number of shares

3,604,252 sh

Holdings current value

$119.59M

Avg closing price

$86.84

+90.6%

Last action

Added 2.0%

2025Q4

Current $165.53

GOOGLALPHABET INC

Communication Services·Internet Content & Information

1.79%

of portfolio

Number of shares

900,000 sh

Holdings current value

$117.77M

Avg closing price

$149.31

+125.0%

Last action

Exited

2024Q3

Current $336.02

RRXREGAL REXNORD CORPORATION

Industrials·Specialty Industrial Machinery

1.41%

of portfolio

Number of shares

650,000 sh

Holdings current value

$92.87M

Avg closing price

$142.88

Last action

Exited

2023Q4

Current —

HTZHERTZ GLOBAL HLDGS INC

Industrials·Rental & Leasing Services

1.39%

of portfolio

Number of shares

7,494,821 sh

Holdings current value

$91.81M

Avg closing price

$22.49

-69.0%

Last action

Exited

2023Q4

Current $6.98

WCCWESCO INTL INC

Industrials·Industrial Distribution

1.36%

of portfolio

Number of shares

625,000 sh

Holdings current value

$89.89M

Avg closing price

$161.02

+91.2%

Last action

Exited

2024Q2

Current $307.87

H33700107GLOBAL BLUE GROUP HOLDING AG

0.77%

of portfolio

Number of shares

8,387,601 sh

Holdings current value

$51.00M

Avg closing price

$6.95

Last action

Exited

2025Q1

Current —

APO 6.75 07/31/26APOLLO GLOBAL MGMT INC

0.75%

of portfolio

Number of shares

900,000 sh

Holdings current value

$49.59M

Avg closing price

$55.10

Last action

Exited

2025Q4

Current —

TDSTELEPHONE & DATA SYS INC

Communication Services·Telecom Services

0.59%

of portfolio

Number of shares

2,136,832 sh

Holdings current value

$39.13M

Avg closing price

$28.40

+60.4%

Last action

Trimmed 1.5%

2025Q4

Current $45.57

HTZWWHERTZ GLOBAL HLDGS INCWT

0.37%

of portfolio

Number of shares

3,970,000 sh

Holdings current value

$24.30M

Avg closing price

$9.12

Last action

Added 32.3%

2023Q3

Current —

ADUNITED STATES CELLULAR CORP

Communication Services·Telecom Services

0.36%

of portfolio

Number of shares

545,344 sh

Holdings current value

$23.43M

Avg closing price

$42.97

Last action

Exited

2024Q4

Current —

FISFIDELITY NATL INFORMATION SV

Technology·Information Technology Services

0.25%

of portfolio

Number of shares

300,000 sh

Holdings current value

$16.58M

Avg closing price

$133.12

-63.5%

Last action

Exited

2023Q4

Current $48.62

26846A100EG ACQUISITION CORP

0.15%

of portfolio

Number of shares

952,000 sh

Holdings current value

$10.15M

Avg closing price

$9.72

Last action

Exited

2023Q4

Current —

AURAURORA INNOVATION INC

Technology·Information Technology Services

0.04%

of portfolio

Number of shares

1,032,463 sh

Holdings current value

$2.43M

Avg closing price

$6.33

-18.3%

Last action

New holding

2021Q4

Current $5.17

NPWR/WSNET POWER INCWT

0.03%

of portfolio

Number of shares

500,000 sh

Holdings current value

$2.17M

Avg closing price

$3.36

Last action

Exited

2025Q2

Current —

AUROWAURORA INNOVATION INCWT

0.01%

of portfolio

Number of shares

1,835,000 sh

Holdings current value

$587.2K

Avg closing price

$2.99

Last action

New holding

2021Q4

Current —

H33700115GLOBAL BLUE GROUP HOLDING AG

0.01%

of portfolio

Number of shares

1,333,333 sh

Holdings current value

$506.7K

Avg closing price

$0.64

Last action

Exited

2025Q2

Current —

PUMPPROPETRO HLDG CORP

Energy·Oil & Gas Equipment & Services

0.00%

of portfolio

Number of shares

15,000 sh

Holdings current value

$159.4K

Avg closing price

$10.63

Last action

Exited

2023Q4

Current —

TMCWWTMC THE METALS COMPANY INCWT

0.00%

of portfolio

Number of shares

1,000,000 sh

Holdings current value

$110.1K

Avg closing price

$0.96

Last action

Exited

2024Q1

Current —

26846A118EG ACQUISITION CORP

0.00%

of portfolio

Number of shares

367,499 sh

Holdings current value

$62.8K

Avg closing price

$0.62

Last action

Exited

2023Q4

Current —

G50737124JAWS MUSTANG ACQUISITION COR

0.00%

of portfolio

Number of shares

1,000,000 sh

Holdings current value

$40.0K

Avg closing price

$1.26

Last action

Exited

2024Q4

Current —

G2770Y128DISRUPTIVE ACQUISITION CORP

0.00%

of portfolio

Number of shares

333,333 sh

Holdings current value

$15.7K

Avg closing price

$0.08

Last action

Exited

2023Q4

Current —

83363K110SOCIAL LEVERAGE ACQUISN CORP

0.00%

of portfolio

Number of shares

250,000 sh

Holdings current value

$11.3K

Avg closing price

$1.09

Last action

Exited

2024Q1

Current —

G1195N113BLUESCAPE OPPORTUNITIES ACQU

0.00%

of portfolio

Number of shares

1,000,000 sh

Holdings current value

$8.7K

Avg closing price

$1.51

Last action

Exited

2023Q4

Current —

Portfolio heatmap

Box size = % of portfolio · color = return since filing

Sector exposure

Share of dollar value across the latest reported portfolio. Unclassified positions excluded.

Technology5 pos$1.07B17.7%
Consumer Cyclical2 pos$1.06B17.6%
Utilities2 pos$1.04B17.2%
Healthcare2 pos$784.2M13.0%
Communication Services5 pos$650.6M10.8%
Industrials4 pos$520.3M8.6%
Basic Materials2 pos$478.3M7.9%
Financial Services2 pos$441.7M7.3%
Energy1 pos$159K0.0%

(7.7% unclassified, excluded from %)