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Daniel Loeb Third Point
AUM
$4.68B
Turnover
50%
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
+15.68%
1 Year Est. Return
+37.3%
3 Year Est. Return
+159.49%
5 Year Est. Return
+329.12%
10 Year Est. Return
+1,791.94%
AUM
$7.62B
AUM Growth
+$1.07B
(+16%)
Cap. Flow
+$536M
Cap. Flow % of AUM
Cap. Flow %
7.03%
Top 10 Holdings %
Top 10 Hldgs %
50.41%
Holding
61
New
16
Increased
13
Reduced
12
Closed
10
Avg Time Held
Equity + Options
1
year
Top 10 Avg Time Held
Equity + Options
0.9
years
Top 20 Avg Time Held
Equity + Options
0.8
years
Avg Time Held Equity only
1
year
Top 10 Avg Time Held Equity only
0.9
years
Top 20 Avg Time Held Equity only
0.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$170M |
| 2 |
Capital One
COF
|
+$141M |
| 3 |
Mr. Cooper
COOP
|
+$119M |
| 4 |
Danaher
DHR
|
+$97M |
| 5 |
Primo Brands
PRMB
|
+$95.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EQT Corp
EQT
|
+$158M |
| 2 |
US Steel
X
|
+$153M |
| 3 |
Discover Financial Services
DFS
|
+$126M |
| 4 |
AT&T
T
|
+$106M |
| 5 |
Hess
HES
|
+$100M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.28% |
| 2 | Technology | 18.16% |
| 3 | Consumer Discretionary | 16.46% |
| 4 | Utilities | 15.52% |
| 5 | Communication Services | 8.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PG&E
PCG
$39.4B
| $712M | 9.35% |
51,100,000
| – | – |
2020 Q3
19 quarters
|
|
2
Amazon
AMZN
$2.83T
| $595M | 7.8% |
2,710,000
+360,000
| +15% | +$71.2M |
2023 Q2
8 quarters
|
|
|
3
NVIDIA
NVDA
$5.24T
| $442M | 5.81% |
2,800,000
+1,350,000
| +93% | +$170M |
2025 Q1
1 quarter
|
|
|
4
Capital One
COF
$123B
| $384M | 5.04% |
1,804,204
+754,204
| +72% | +$141M |
2024 Q4
2 quarters
|
|
5
TSMC
TSM
$2.18T
| $324M | 4.25% |
1,430,000
-350,000
| -20% | -$64.8M |
2023 Q2
8 quarters
|
|
6
Flutter Entertainment
FLUT
$13.4B
| $306M | 4.01% |
1,070,000
+100,000
| +10% | +$24.5M |
2024 Q3
3 quarters
|
|
7
Live Nation Entertainment
LYV
$39.8B
| $299M | 3.92% |
1,975,000
-125,000
| -6% | -$17.2M |
2024 Q2
4 quarters
|
|
8
Brookfield
BN
$81.4B
| $289M | 3.79% |
7,012,500
+652,500
| +10% | +$24.2M |
2024 Q3
3 quarters
|
|
9
CoStar Group
CSGP
$12.9B
| $248M | 3.26% |
3,085,000
+1,110,000
| +56% | +$86.5M |
2025 Q1
1 quarter
|
|
10
Vistra
VST
$50.2B
| $242M | 3.18% |
1,250,000
+400,000
| +47% | +$59.2M |
2023 Q1
9 quarters
|
|
11
Telephone and Data Systems
TDS
$3.83B
| $239M | 3.14% |
6,725,000
-35,000
| -0.5% | -$1.23M |
2023 Q3
7 quarters
|
|
12
CRH
CRH
$55.3B
| $238M | 3.12% |
2,590,000
-125,000
| -5% | -$11.4M |
2024 Q2
4 quarters
|
|
13
LPL Financial
LPLA
$24.9B
| $234M | 3.08% |
625,000
| – | – |
2024 Q3
3 quarters
|
|
14
Talen Energy Corp
TLN
$16.6B
| $228M | 3% |
785,000
+200,000
| +34% | +$47.5M |
2025 Q1
1 quarter
|
|
15
Corpay
CPAY
$26.4B
| $227M | 2.98% |
685,000
+75,000
| +12% | +$24.5M |
2023 Q4
6 quarters
|
|
16
Carpenter Technology
CRS
$18.8B
| $207M | 2.72% |
750,000
-120,000
| -14% | -$26.2M |
2024 Q3
3 quarters
|
|
17
Microsoft
MSFT
$3.96T
| $199M | 2.61% |
400,000
+85,000
| +27% | +$36.9M |
2022 Q4
10 quarters
|
|
18
Casey's General Stores
CASY
$25.6B
| $184M | 2.41% |
360,000
+60,000
| +20% | +$27.6M |
2025 Q1
1 quarter
|
|
19
Apollo Global Management
APO
$65.5B
| $181M | 2.37% |
1,275,000
-225,000
| -15% | -$29.8M |
2023 Q4
6 quarters
|
|
20
Kenvue
KVUE
$36.2B
| $178M | 2.34% |
8,525,000
-375,000
| -4% | -$8.53M |
2025 Q1
1 quarter
|
|
21
Intercontinental Exchange
ICE
$88.9B
| $174M | 2.29% |
950,000
-150,000
| -14% | -$25.8M |
2023 Q2
8 quarters
|
|
|
22
Primo Brands
PRMB
$7.16B
| $171M | 2.24% |
5,775,000
+3,000,000
| +108% | +$95.9M |
2024 Q4
2 quarters
|
|
23
Jacobs Solutions
J
$16.2B
| $166M | 2.18% |
1,264,000
-150,000
| -11% | -$18.5M |
2023 Q1
9 quarters
|
|
|
24
DELISTED
Mr. Cooper
COOP
| $138M | 1.81% |
+925,000
| New | +$119M |
2025 Q2
0 quarters
|
|
25
SharkNinja
SN
$26.6B
| $119M | 1.56% |
1,200,000
+650,000
| +118% | +$56.2M |
2025 Q1
1 quarter
|
|
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Daniel Loeb's Q2 2025 Portfolio in Review
As of Q2 2025, Daniel Loeb held 61 positions worth $7.62B, up 16% from $6.55B the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Daniel Loeb deployed $536M of net new capital in Q2 2025, opening 16 new positions and adding to 13 existing holdings. Its largest new stake was Mr. Cooper: 925,000 shares worth $138M.
By sector, the portfolio is most concentrated in Financials at 19% of assets, up from 17% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Fortive, an estimated $71.3M trimmed.
- Daniel Loeb's largest Q2 2025 buy was Mr. Cooper: 925,000 shares worth $138M.
- Daniel Loeb added most to NVIDIA in Q2 2025, an estimated $170M increase.
- Daniel Loeb's biggest Q2 2025 reduction was Fortive, cutting an estimated $71.3M.
- Daniel Loeb fully exited EQT Corp in Q2 2025, selling an estimated $158M.
- Daniel Loeb's ten largest holdings make up 50% of its $7.62B portfolio in Q2 2025.
- Daniel Loeb opened 16 new positions and closed 10 in Q2 2025.
- Daniel Loeb's portfolio value rose 16% quarter-over-quarter to $7.62B.
Based on Third Point's 13F filing for Q2 2025, filed 14 Aug 2025.