Daniel Loeb Third Point
Daniel Loeb is the founder of Third Point, an event-driven and activist-oriented hedge fund. He is known for pointed letters to management teams, catalyst-driven investing, and a flexible mandate across equities and credit. Loeb’s campaigns and portfolio shifts regularly generate attention beyond specialist hedge fund circles.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$57.7M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$55M |
| 3 |
HUT
Hut 8
HUT
|
+$47M |
| 4 |
SPDR Gold Trust
GLD
|
+$42.5M |
| 5 |
TransDigm Group
TDG
|
+$32.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PG&E
PCG
|
+$551M |
| 2 |
NVIDIA
NVDA
|
+$506M |
| 3 |
Microsoft
MSFT
|
+$447M |
| 4 |
Union Pacific
UNP
|
+$419M |
| 5 |
Brookfield
BN
|
+$285M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 28.33% |
| 2 | Communication Services | 21.63% |
| 3 | Industrials | 18.8% |
| 4 | Materials | 9.59% |
| 5 | Technology | 9.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
SharkNinja
SN
$25.5B
| $13.8M | 0.66% |
130,509
-1,069,491
| -89% | -$125M |
|
|
HTZWW
27
Hertz Global Holdings Warrants
HTZWW
$93.8M
| $9.05M | 0.43% |
3,970,000
| – | – |
|
28
ARS Pharmaceuticals
SPRY
$547M
| $8.03M | 0.39% |
1,000,000
+443,763
| +80% | +$4.25M |
|
29
Aurora
AUR
$12.5B
| $4.25M | 0.2% |
1,032,463
| – | – |
|
30
flyExclusive
FLYX
$134M
| $2.31M | 0.11% |
1,022,000
| – | – |
|
|
CTEV
31
Claritev Corp
CTEV
$632M
| $719K | 0.03% |
44,000
-101,000
| -70% | -$2.26M |
|
|
AUROW
32
Aurora Innovation Warrant
AUROW
$246M
| $365K | 0.02% |
1,835,000
| – | – |
|
|
33
flyExclusive Inc Warrants
FLYX.WS
| $88.2K | ﹤0.01% |
367,499
| – | – |
|
34
Alibaba
BABA
$286B
| – | – |
-825,000
| Closed | -$121M |
|
35
Bausch Health
BHC
$2.41B
| – | – |
-350,000
| Closed | -$2.43M |
|
|
36
Brookfield
BN
$93.1B
| – | – |
-6,200,000
| Closed | -$285M |
|
37
Casey's General Stores
CASY
$30.9B
| – | – |
-455,000
| Closed | -$251M |
|
38
Constellation Energy
CEG
$96.7B
| – | – |
-475,000
| Closed | -$168M |
|
39
Chipotle Mexican Grill
CMG
$46.7B
| – | – |
-4,725,000
| Closed | -$175M |
|
40
CoStar Group
CSGP
$13.1B
| – | – |
-3,165,000
| Closed | -$213M |
|
41
CSX Corp
CSX
$95.6B
| – | – |
-500,000
| Closed | -$18.1M |
|
42
Comfort Systems
FIX
$58.3B
| – | – |
-105,000
| Closed | -$98M |
|
43
Kenvue
KVUE
$36.6B
| – | – |
-3,250,000
| Closed | -$56.1M |
|
44
LPL Financial
LPLA
$28.5B
| – | – |
-510,000
| Closed | -$182M |
|
|
45
Microsoft
MSFT
$3.59T
| – | – |
-925,000
| Closed | -$447M |
|
|
46
PG&E
PCG
$38.8B
| – | – |
-34,300,000
| Closed | -$551M |
|
47
Progressive
PGR
$127B
| – | – |
-220,000
| Closed | -$50.1M |
|
48
Rocket Companies
RKT
$39.4B
| – | – |
-9,515,000
| Closed | -$184M |
|
49
Spotify
SPOT
$110B
| – | – |
-100,000
| Closed | -$58.1M |
|
50
Thermo Fisher Scientific
TMO
$233B
| – | – |
-50,000
| Closed | -$29M |
|
Similar funds
Daniel Loeb's Q1 2026 Portfolio in Review
As of Q1 2026, Daniel Loeb held 53 positions worth $2.08B, down 71% from $7.27B the previous quarter. Its ten largest holdings account for 78% of the portfolio.
Daniel Loeb withdrew a net $5.14B in Q1 2026, closing 20 positions and reducing 16 holdings. Its most notable exit was PG&E, an estimated $551M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 28% of assets, up from 20% a quarter earlier, followed by Communication Services and Industrials.
Against the trend, Daniel Loeb opened a new position in Meta Platforms (Facebook) worth $51.5M.
- Daniel Loeb's largest Q1 2026 buy was Meta Platforms (Facebook): 90,000 shares worth $51.5M.
- Daniel Loeb added most to ARS Pharmaceuticals in Q1 2026, an estimated $4.25M increase.
- Daniel Loeb's biggest Q1 2026 reduction was NVIDIA, cutting an estimated $506M.
- Daniel Loeb fully exited PG&E in Q1 2026, selling an estimated $551M.
- Daniel Loeb's ten largest holdings make up 78% of its $2.08B portfolio in Q1 2026.
- Daniel Loeb opened 10 new positions and closed 20 in Q1 2026.
- Daniel Loeb's portfolio value fell 71% quarter-over-quarter to $2.08B.
Based on Third Point's 13F filing for Q1 2026, filed 15 May 2026.