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Daniel Loeb Third Point

AUM $4.68B
1-Year Est. Return 37.3%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+1.42%
1 Year Est. Return
+37.3%
3 Year Est. Return
+159.48%
5 Year Est. Return
+329.12%
10 Year Est. Return
+1,791.94%
AUM
$7.27B
AUM Growth
-$1.71B
Cap. Flow
-$1.83B
Cap. Flow %
-25.09%
Top 10 Hldgs %
54.09%
Holding
57
New
11
Increased
11
Reduced
14
Closed
13

Top Buys

Rank Stock Value
1
UNP icon
Union Pacific
UNP
+$213M
2
CEG icon
Constellation Energy
CEG
+$173M
3
CMG icon
Chipotle Mexican Grill
CMG
+$171M
4
BABA icon
Alibaba
BABA
+$134M
5
DHR icon
Danaher
DHR
+$121M

Top Sells

Rank Stock Value
1
FLUT icon
Flutter Entertainment
FLUT
+$284M
2
PCG icon
PG&E
PCG
+$252M
3
TSM icon
TSMC
TSM
+$198M
4
NSC icon
Norfolk Southern
NSC
+$195M
5
COOP
Mr. Cooper
COOP
+$195M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 20.47%
2 Industrials 19.02%
3 Technology 15.81%
4 Financials 13.3%
5 Utilities 12.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KVUE icon
51
CALL
Kenvue
KVUE
$36.6B
– –
-1,500,000
Closed -$24.3M
META icon
52
Meta Platforms (Facebook)
META
$1.4T
– –
-220,000
Closed -$162M
SPY icon
53
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
– –
-875,000
Closed -$583M
FLUT icon
54
Flutter Entertainment
FLUT
$17.8B
– –
-1,120,000
Closed -$284M
TLN
55
Talen Energy Corp
TLN
$15.1B
– –
-350,000
Closed -$149M
PRMB
56
Primo Brands
PRMB
$8.37B
– –
-5,775,000
Closed -$128M
1 2
3

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Daniel Loeb's Q4 2025 Portfolio in Review

As of Q4 2025, Daniel Loeb held 57 positions worth $7.27B, down 19% from $8.99B the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Daniel Loeb withdrew a net $1.83B in Q4 2025, closing 13 positions and reducing 14 holdings. Its most notable exit was Flutter Entertainment, an estimated $284M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 20% of assets, up from 19% a quarter earlier, followed by Industrials and Technology.

Against the trend, Daniel Loeb opened a new position in Constellation Energy worth $168M.

  • Daniel Loeb's largest Q4 2025 buy was Constellation Energy: 475,000 shares worth $168M.
  • Daniel Loeb added most to Union Pacific in Q4 2025, an estimated $213M increase.
  • Daniel Loeb's biggest Q4 2025 reduction was PG&E, cutting an estimated $252M.
  • Daniel Loeb fully exited Flutter Entertainment in Q4 2025, selling an estimated $284M.
  • Daniel Loeb's ten largest holdings make up 54% of its $7.27B portfolio in Q4 2025.
  • Daniel Loeb opened 11 new positions and closed 13 in Q4 2025.
  • Daniel Loeb's portfolio value fell 19% quarter-over-quarter to $7.27B.

Based on Third Point's 13F filing for Q4 2025, filed 17 Feb 2026.