Daniel Loeb
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.
What Daniel is holding in options
Daniel Loeb (Third Point) disclosed 2 option positions for the 2025Q3 quarter — 1 long-call and 1 long-put — totaling $607.3M of underlying-share notional value. The largest exposures are a put on SPY, a call on KVUE. Notional values reflect the value of the underlying shares at the quarter-end snapshot, not the option premium paid.
Options & derivatives
2 positions · $607.3M notional1 CALL · $24.3M1 PUT · $582.9M| Type | Underlying | Shares | Notional | % of book |
|---|---|---|---|---|
| PUT | SPYSPDR S&P 500 ETF TR | 875K | $582.9M | 6.5% |
| CALL | KVUEKENVUE INC | 1.5M | $24.3M | 0.3% |
Notional = value of the underlying shares at the quarter-end snapshot, not the option premium paid. A long PUT is a bearish bet on the underlying; a long CALL is a bullish bet. The reported value is included in the portfolio total but does not reflect actual capital at risk.