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 · 2025Q4

Sector44 positions

PCGPG&E CORP

Utilities·Utilities - Regulated Electric

7.58%

of portfolio

Number of shares

34,300,000 sh

Holdings current value

$551.20M

Avg closing price

$10.72

Last action

Trimmed 31.5%

2025Q4

Current —

NVDANVIDIA CORPORATION

Technology·Semiconductors

7.56%

of portfolio

Number of shares

2,950,000 sh

Holdings current value

$550.17M

Avg closing price

$188.39

+6.5%

Last action

Added 3.5%

2025Q4

Current $200.57

AMZNAMAZON COM INC

Consumer Cyclical·Internet Retail

6.87%

of portfolio

Number of shares

2,165,000 sh

Holdings current value

$499.73M

Avg closing price

$158.54

+57.5%

Last action

Trimmed 23.0%

2025Q4

Current $249.70

MSFTMICROSOFT CORP

Technology·Software - Infrastructure

6.15%

of portfolio

Number of shares

925,000 sh

Holdings current value

$447.35M

Avg closing price

$446.21

-5.2%

Last action

Trimmed 15.9%

2025Q4

Current $422.79

UNPUNION PAC CORP

Industrials·Railroads

5.76%

of portfolio

Number of shares

1,810,000 sh

Holdings current value

$418.69M

Avg closing price

$161.67

+55.3%

Last action

Added 106.9%

2025Q4

Current $251.07

G25508105CRH PLC

4.46%

of portfolio

Number of shares

2,600,000 sh

Holdings current value

$324.48M

Avg closing price

$94.52

Last action

Added 20.1%

2025Q4

Current —

SGITEMPUR SEALY INTL INC

Consumer Cyclical·Furnishings, Fixtures & Appliances

4.17%

of portfolio

Number of shares

3,400,000 sh

Holdings current value

$303.55M

Avg closing price

$84.91

Last action

Added 13.3%

2025Q4

Current —

BNBROOKFIELD CORP

Financial Services·Asset Management

3.91%

of portfolio

Number of shares

6,200,000 sh

Holdings current value

$284.52M

Avg closing price

$52.13

-11.9%

Last action

Added 32.6%

2025Q4

Current $45.95

NOCNORFOLK SOUTHN CORP

Industrials·Railroads

3.87%

of portfolio

Number of shares

975,000 sh

Holdings current value

$281.50M

Avg closing price

$300.41

+124.0%

Last action

Trimmed 40.9%

2025Q4

Current $672.77

TDSTELEPHONE & DATA SYS INC

Communication Services·Telecom Services

3.76%

of portfolio

Number of shares

6,675,000 sh

Holdings current value

$273.68M

Avg closing price

$28.40

+60.4%

Last action

Trimmed 0.5%

2025Q4

Current $45.57

COFCAPITAL ONE FINL CORP

Financial Services·Credit Services

3.66%

of portfolio

Number of shares

1,100,000 sh

Holdings current value

$266.60M

Avg closing price

$192.78

+4.1%

Last action

Trimmed 20.6%

2025Q4

Current $200.71

CASYCASEYS GEN STORES INC

Consumer Cyclical·Specialty Retail

3.46%

of portfolio

Number of shares

455,000 sh

Holdings current value

$251.48M

Avg closing price

$479.95

+53.6%

Last action

Trimmed 9.0%

2025Q4

Current $737.22

CRSCARPENTER TECHNOLOGY CORP

Industrials·Metal Fabrication

3.40%

of portfolio

Number of shares

785,000 sh

Holdings current value

$247.15M

Avg closing price

$171.85

+148.0%

Last action

Trimmed 7.6%

2025Q4

Current $426.16

LYVLIVE NATION ENTERTAINMENT IN

Communication Services·Entertainment

3.38%

of portfolio

Number of shares

1,725,000 sh

Holdings current value

$245.81M

Avg closing price

$113.76

+41.2%

Last action

Added 27.8%

2025Q4

Current $160.59

CSGPCOSTAR GROUP INC

Real Estate·Real Estate Services

2.93%

of portfolio

Number of shares

3,165,000 sh

Holdings current value

$212.81M

Avg closing price

$124.88

-67.9%

Last action

Added 4.9%

2025Q4

Current $40.04

MTZMASTEC INC

Industrials·Engineering & Construction

2.76%

of portfolio

Number of shares

925,000 sh

Holdings current value

$201.07M

Avg closing price

$213.80

+67.5%

Last action

Added 27.6%

2025Q4

Current $358.14

RKTROCKET COS INC

Financial Services·Mortgage Finance

2.53%

of portfolio

Number of shares

9,515,000 sh

Holdings current value

$184.21M

Avg closing price

$18.37

-14.2%

Last action

Added 137.9%

2025Q4

Current $15.76

LPLALPL FINL HLDGS INC

Financial Services·Capital Markets

2.50%

of portfolio

Number of shares

510,000 sh

Holdings current value

$182.16M

Avg closing price

$257.00

+21.6%

Last action

Trimmed 14.2%

2025Q4

Current $312.57

CMGCHIPOTLE MEXICAN GRILL INC

Consumer Cyclical·Restaurants

2.40%

of portfolio

Number of shares

4,725,000 sh

Holdings current value

$174.82M

Avg closing price

$37.00

-5.2%

Last action

New holding

2025Q4

Current $35.08

CEGCONSTELLATION ENERGY CORP

Utilities·Utilities - Independent Power Producers

2.31%

of portfolio

Number of shares

475,000 sh

Holdings current value

$167.80M

Avg closing price

$353.27

-15.3%

Last action

New holding

2025Q4

Current $299.14

VSTVISTRA CORP

Utilities·Utilities - Independent Power Producers

2.23%

of portfolio

Number of shares

1,005,000 sh

Holdings current value

$162.14M

Avg closing price

$86.84

+90.6%

Last action

Added 7.5%

2025Q4

Current $165.53

DHRDANAHER CORPORATION

Healthcare·Diagnostics & Research

1.89%

of portfolio

Number of shares

600,000 sh

Holdings current value

$137.35M

Avg closing price

$220.42

-12.1%

Last action

Added 1100.0%

2025Q4

Current $193.78

G8068L108SHARKNINJA INC

1.85%

of portfolio

Number of shares

1,200,000 sh

Holdings current value

$134.28M

Avg closing price

$95.62

Last action

Trimmed 33.3%

2025Q4

Current —

TSMTAIWAN SEMICONDUCTOR MFG LTDADR

Technology·Semiconductors

1.78%

of portfolio

Number of shares

425,000 sh

Holdings current value

$129.15M

Avg closing price

$131.52

+176.3%

Last action

Trimmed 61.4%

2025Q4

Current $363.35

BABAALIBABA GROUP HLDG LTDADR

Consumer Cyclical·Internet Retail

1.66%

of portfolio

Number of shares

825,000 sh

Holdings current value

$120.93M

Avg closing price

$122.33

+13.3%

Last action

New holding

2025Q4

Current $138.59

APGAPI GROUP CORP

Industrials·Engineering & Construction

1.58%

of portfolio

Number of shares

3,000,000 sh

Holdings current value

$114.78M

Avg closing price

$38.26

+16.0%

Last action

New holding

2025Q4

Current $44.39

FIXCOMFORT SYS USA INC

Industrials·Engineering & Construction

1.35%

of portfolio

Number of shares

105,000 sh

Holdings current value

$98.00M

Avg closing price

$557.88

+187.9%

Last action

Trimmed 47.5%

2025Q4

Current $1606

SPOTSPOTIFY TECHNOLOGY S A

Communication Services·Internet Content & Information

0.80%

of portfolio

Number of shares

100,000 sh

Holdings current value

$58.07M

Avg closing price

$580.71

-8.5%

Last action

New holding

2025Q4

Current $531.45

KVUEKENVUE INC

Consumer Defensive·Household & Personal Products

0.77%

of portfolio

Number of shares

3,250,000 sh

Holdings current value

$56.06M

Avg closing price

$23.57

-25.9%

Last action

Trimmed 63.9%

2025Q4

Current $17.46

PGRPROGRESSIVE CORP

Financial Services·Insurance - Property & Casualty

0.69%

of portfolio

Number of shares

220,000 sh

Holdings current value

$50.10M

Avg closing price

$227.72

-10.6%

Last action

New holding

2025Q4

Current $203.47

TMOTHERMO FISHER SCIENTIFIC INC

Healthcare·Diagnostics & Research

0.40%

of portfolio

Number of shares

50,000 sh

Holdings current value

$28.97M

Avg closing price

$520.23

-0.8%

Last action

New holding

2025Q4

Current $516.00

SRTABLADE AIR MOBILITY INC

Healthcare·Medical Care Facilities

0.33%

of portfolio

Number of shares

5,000,000 sh

Holdings current value

$24.05M

Avg closing price

$5.06

-11.1%

Last action

New holding

2025Q3

Current $4.50

M98068105WIX COM LTD

0.32%

of portfolio

Number of shares

225,000 sh

Holdings current value

$23.38M

Avg closing price

$103.89

Last action

New holding

2025Q4

Current —

CSXCSX CORP

Industrials·Railroads

0.25%

of portfolio

Number of shares

500,000 sh

Holdings current value

$18.13M

Avg closing price

$37.45

+14.1%

Last action

New holding

2025Q4

Current $42.72

HTZWWHERTZ GLOBAL HLDGS INCWT

0.15%

of portfolio

Number of shares

3,970,000 sh

Holdings current value

$10.64M

Avg closing price

$9.12

Last action

Added 32.3%

2023Q3

Current —

PCG 4.25 12/01/27PG&E CORP

0.14%

of portfolio

Number of shares

10,000,000 sh

Holdings current value

$10.28M

Avg closing price

$1.09

Last action

New holding

2024Q4

Current —

SPRYSILVERBACK THERAPEUTICS INC

Healthcare·Biotechnology

0.09%

of portfolio

Number of shares

556,237 sh

Holdings current value

$6.48M

Avg closing price

$11.65

Last action

New holding

2025Q4

Current —

CTEVMULTIPLAN CORPORATION

Healthcare·Health Information Services

0.09%

of portfolio

Number of shares

145,000 sh

Holdings current value

$6.20M

Avg closing price

$43.24

Last action

New holding

2025Q4

Current —

PCG 6 12/01/27 APG&E CORP

0.08%

of portfolio

Number of shares

140,000 sh

Holdings current value

$5.74M

Avg closing price

$49.79

Last action

New holding

2024Q4

Current —

FLYXFLYEXCLUSIVE INC

0.06%

of portfolio

Number of shares

1,022,000 sh

Holdings current value

$4.20M

Avg closing price

$5.50

Last action

New holding

2023Q4

Current —

AURAURORA INNOVATION INC

Technology·Information Technology Services

0.05%

of portfolio

Number of shares

1,032,463 sh

Holdings current value

$3.96M

Avg closing price

$6.33

-18.3%

Last action

New holding

2021Q4

Current $5.17

BHCBAUSCH HEALTH COS INC

Healthcare·Drug Manufacturers - Specialty & Generic

0.03%

of portfolio

Number of shares

350,000 sh

Holdings current value

$2.43M

Avg closing price

$6.81

-14.5%

Last action

Added 250.0%

2025Q4

Current $5.82

AUROWAURORA INNOVATION INCWT

0.01%

of portfolio

Number of shares

1,835,000 sh

Holdings current value

$413.1K

Avg closing price

$2.99

Last action

New holding

2021Q4

Current —

FLYX/WSFLYEXCLUSIVE INCWT

0.00%

of portfolio

Number of shares

367,499 sh

Holdings current value

$104.7K

Avg closing price

$0.22

Last action

New holding

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.

Industrials7 pos$1.38B20.4%
Consumer Cyclical5 pos$1.35B20.0%
Technology4 pos$1.13B16.7%
Financial Services5 pos$967.6M14.3%
Utilities3 pos$881.1M13.0%
Communication Services3 pos$577.6M8.5%
Real Estate1 pos$212.8M3.1%
Healthcare6 pos$205.5M3.0%
Consumer Defensive1 pos$56.1M0.8%

(7.1% unclassified, excluded from %)