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 · 2023Q4

Sector37 positions

PCGPG&E CORP

Utilities·Utilities - Regulated Electric

15.72%

of portfolio

Number of shares

57,860,000 sh

Holdings current value

$1.04B

Avg closing price

$10.72

Last action

Trimmed 21.4%

2025Q4

Current —

MSFTMICROSOFT CORP

Technology·Software - Infrastructure

11.41%

of portfolio

Number of shares

2,015,000 sh

Holdings current value

$757.72M

Avg closing price

$446.21

-5.2%

Last action

Trimmed 8.0%

2025Q4

Current $422.79

AMZNAMAZON COM INC

Consumer Cyclical·Internet Retail

9.61%

of portfolio

Number of shares

4,200,000 sh

Holdings current value

$638.15M

Avg closing price

$158.54

+57.5%

Last action

Trimmed 13.3%

2025Q4

Current $249.70

BBWIBATH & BODY WORKS INC

Consumer Cyclical·Specialty Retail

9.00%

of portfolio

Number of shares

13,850,000 sh

Holdings current value

$597.77M

Avg closing price

$36.50

-50.6%

Last action

Exited

2024Q4

Current $18.04

DHRDANAHER CORPORATION

Healthcare·Diagnostics & Research

7.14%

of portfolio

Number of shares

2,050,000 sh

Holdings current value

$474.25M

Avg closing price

$220.42

-12.1%

Last action

Added 36.7%

2025Q4

Current $193.78

METAMETA PLATFORMS INC

Communication Services·Internet Content & Information

6.19%

of portfolio

Number of shares

1,160,000 sh

Holdings current value

$410.59M

Avg closing price

$418.48

+61.7%

Last action

Exited

2025Q4

Current $676.87

USX1UNITED STATES STL CORP NEW

4.03%

of portfolio

Number of shares

5,500,000 sh

Holdings current value

$267.57M

Avg closing price

$34.69

Last action

Exited

2025Q2

Current —

DDDUPONT DE NEMOURS INC

Basic Materials·Specialty Chemicals

4.02%

of portfolio

Number of shares

3,465,000 sh

Holdings current value

$266.56M

Avg closing price

$74.30

-37.1%

Last action

Exited

2024Q1

Current $46.75

AIGAMERICAN INTL GROUP INC

Financial Services·Insurance - Diversified

3.52%

of portfolio

Number of shares

3,450,000 sh

Holdings current value

$233.74M

Avg closing price

$63.89

+22.4%

Last action

Exited

2024Q3

Current $78.22

JJACOBS SOLUTIONS INC

Industrials·Engineering & Construction

3.42%

of portfolio

Number of shares

1,750,000 sh

Holdings current value

$227.15M

Avg closing price

$123.10

Last action

Exited

2025Q4

Current —

G3421J106FERGUSON PLC NEW

3.17%

of portfolio

Number of shares

1,090,000 sh

Holdings current value

$210.45M

Avg closing price

$111.39

Last action

Exited

2024Q3

Current —

VSTVISTRA CORP

Utilities·Utilities - Independent Power Producers

2.67%

of portfolio

Number of shares

4,600,000 sh

Holdings current value

$177.19M

Avg closing price

$86.84

+90.6%

Last action

Added 1.5%

2025Q4

Current $165.53

339041105FLEETCOR TECHNOLOGIES INC

2.62%

of portfolio

Number of shares

615,000 sh

Holdings current value

$173.81M

Avg closing price

$282.61

Last action

Exited

2024Q1

Current —

VZVERIZON COMMUNICATIONS INC

Communication Services·Telecom Services

2.61%

of portfolio

Number of shares

4,675,000 sh

Holdings current value

$173.32M

Avg closing price

$37.07

+26.2%

Last action

Exited

2024Q3

Current $46.78

IFFINTERNATIONAL FLAVORS&FRAGRA

Basic Materials·Specialty Chemicals

2.51%

of portfolio

Number of shares

2,060,000 sh

Holdings current value

$166.80M

Avg closing price

$102.67

-29.8%

Last action

Exited

2024Q3

Current $72.06

TSMTAIWAN SEMICONDUCTOR MFG LTDADR

Technology·Semiconductors

1.84%

of portfolio

Number of shares

1,175,000 sh

Holdings current value

$122.20M

Avg closing price

$131.52

+176.3%

Last action

Trimmed 36.5%

2025Q4

Current $363.35

ICEINTERCONTINENTAL EXCHANGE IN

Financial Services·Financial Data & Stock Exchanges

1.35%

of portfolio

Number of shares

700,000 sh

Holdings current value

$89.90M

Avg closing price

$131.80

+24.2%

Last action

Exited

2025Q3

Current $163.75

WCCWESCO INTL INC

Industrials·Industrial Distribution

1.31%

of portfolio

Number of shares

500,000 sh

Holdings current value

$86.94M

Avg closing price

$161.02

+91.2%

Last action

Exited

2024Q2

Current $307.87

APOAPOLLO GLOBAL MGMT INC

Financial Services·Asset Management

1.26%

of portfolio

Number of shares

900,000 sh

Holdings current value

$83.87M

Avg closing price

$125.79

Last action

Exited

2025Q4

Current —

MCKMCKESSON CORP

Healthcare·Medical Distribution

1.15%

of portfolio

Number of shares

165,000 sh

Holdings current value

$76.39M

Avg closing price

$462.98

+87.3%

Last action

Exited

2024Q1

Current $867.34

EQTEQT CORP

Energy·Oil & Gas E&P

1.14%

of portfolio

Number of shares

1,950,000 sh

Holdings current value

$75.39M

Avg closing price

$35.99

+62.3%

Last action

Exited

2025Q2

Current $58.39

UBERUBER TECHNOLOGIES INC

Technology·Software - Application

0.93%

of portfolio

Number of shares

1,000,000 sh

Holdings current value

$61.57M

Avg closing price

$67.53

+13.2%

Last action

Exited

2024Q3

Current $76.48

APO 6.75 07/31/26APOLLO GLOBAL MGMT INC

0.76%

of portfolio

Number of shares

900,000 sh

Holdings current value

$50.75M

Avg closing price

$55.10

Last action

Exited

2025Q4

Current —

H33700107GLOBAL BLUE GROUP HOLDING AG

0.60%

of portfolio

Number of shares

8,387,601 sh

Holdings current value

$39.67M

Avg closing price

$6.95

Last action

Exited

2025Q1

Current —

TDSTELEPHONE & DATA SYS INC

Communication Services·Telecom Services

0.59%

of portfolio

Number of shares

2,136,832 sh

Holdings current value

$39.21M

Avg closing price

$28.40

+60.4%

Last action

Trimmed 1.5%

2025Q4

Current $45.57

BMRNBIOMARIN PHARMACEUTICAL INC

Healthcare·Biotechnology

0.56%

of portfolio

Number of shares

385,000 sh

Holdings current value

$37.12M

Avg closing price

$96.42

-43.9%

Last action

Exited

2024Q1

Current $54.10

ADUNITED STATES CELLULAR CORP

Communication Services·Telecom Services

0.34%

of portfolio

Number of shares

545,344 sh

Holdings current value

$22.65M

Avg closing price

$42.97

Last action

Exited

2024Q4

Current —

HTZWWHERTZ GLOBAL HLDGS INCWT

0.33%

of portfolio

Number of shares

3,970,000 sh

Holdings current value

$21.76M

Avg closing price

$9.12

Last action

Added 32.3%

2023Q3

Current —

FLYXFLYEXCLUSIVE INC

0.08%

of portfolio

Number of shares

1,022,000 sh

Holdings current value

$5.62M

Avg closing price

$5.50

Last action

New holding

2023Q4

Current —

AURAURORA INNOVATION INC

Technology·Information Technology Services

0.07%

of portfolio

Number of shares

1,032,463 sh

Holdings current value

$4.51M

Avg closing price

$6.33

-18.3%

Last action

New holding

2021Q4

Current $5.17

NPWR/WSNET POWER INCWT

0.02%

of portfolio

Number of shares

500,000 sh

Holdings current value

$1.10M

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

$899.1K

Avg closing price

$2.99

Last action

New holding

2021Q4

Current —

TMCWWTMC THE METALS COMPANY INCWT

0.00%

of portfolio

Number of shares

1,000,000 sh

Holdings current value

$126.5K

Avg closing price

$0.96

Last action

Exited

2024Q1

Current —

H33700115GLOBAL BLUE GROUP HOLDING AG

0.00%

of portfolio

Number of shares

1,333,333 sh

Holdings current value

$93.2K

Avg closing price

$0.64

Last action

Exited

2025Q2

Current —

FLYX/WSFLYEXCLUSIVE INCWT

0.00%

of portfolio

Number of shares

367,499 sh

Holdings current value

$80.8K

Avg closing price

$0.22

Last action

New holding

2023Q4

Current —

G50737124JAWS MUSTANG ACQUISITION COR

0.00%

of portfolio

Number of shares

1,000,000 sh

Holdings current value

$39.7K

Avg closing price

$1.26

Last action

Exited

2024Q4

Current —

83363K110SOCIAL LEVERAGE ACQUISN CORP

0.00%

of portfolio

Number of shares

250,000 sh

Holdings current value

$4.8K

Avg closing price

$1.09

Last action

Exited

2024Q1

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.

Consumer Cyclical2 pos$1.24B21.1%
Utilities2 pos$1.22B20.8%
Technology4 pos$946.0M16.1%
Communication Services4 pos$645.8M11.0%
Healthcare3 pos$587.8M10.0%
Basic Materials2 pos$433.4M7.4%
Financial Services3 pos$407.5M6.9%
Industrials2 pos$314.1M5.4%
Energy1 pos$75.4M1.3%

(11.6% unclassified, excluded from %)