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 |
Union Pacific
UNP
|
+$213M |
| 2 |
Constellation Energy
CEG
|
+$173M |
| 3 |
Chipotle Mexican Grill
CMG
|
+$171M |
| 4 |
Alibaba
BABA
|
+$134M |
| 5 |
Danaher
DHR
|
+$121M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Flutter Entertainment
FLUT
|
+$284M |
| 2 |
PG&E
PCG
|
+$252M |
| 3 |
TSMC
TSM
|
+$198M |
| 4 |
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 | |
|---|---|---|---|---|---|---|
|
1
PG&E
PCG
$38.8B
| $551M | 7.58% |
34,300,000
-15,800,000
| -32% | -$252M |
|
2
NVIDIA
NVDA
$5.2T
| $550M | 7.56% |
2,950,000
+100,000
| +4% | +$18.6M |
|
3
Amazon
AMZN
$2.79T
| $500M | 6.87% |
2,165,000
-645,000
| -23% | -$148M |
|
4
Microsoft
MSFT
$3.59T
| $447M | 6.15% |
925,000
-175,000
| -16% | -$87.7M |
|
|
5
Union Pacific
UNP
$183B
| $419M | 5.76% |
1,810,000
+935,000
| +107% | +$213M |
|
6
CRH
CRH
$63.2B
| $324M | 4.46% |
2,600,000
+435,000
| +20% | +$51.8M |
|
|
SGI
7
Somnigroup International
SGI
$13.6B
| $304M | 4.17% |
3,400,000
+400,000
| +13% | +$34.9M |
|
8
Brookfield
BN
$93.1B
| $285M | 3.91% |
6,200,000
-812,500
| -12% | -$37M |
|
|
9
Norfolk Southern
NSC
$78.8B
| $282M | 3.87% |
975,000
-675,000
| -41% | -$195M |
|
10
Telephone and Data Systems
TDS
$3.87B
| $274M | 3.76% |
6,675,000
-32,274
| -0.5% | -$1.26M |
|
11
Capital One
COF
$134B
| $267M | 3.66% |
1,100,000
-285,000
| -21% | -$63.4M |
|
12
Casey's General Stores
CASY
$30.9B
| $251M | 3.46% |
455,000
-45,000
| -9% | -$24.8M |
|
13
Carpenter Technology
CRS
$24.4B
| $247M | 3.4% |
785,000
-65,000
| -8% | -$19.6M |
|
14
Live Nation Entertainment
LYV
$42.4B
| $246M | 3.38% |
1,725,000
+375,000
| +28% | +$53.9M |
|
15
CoStar Group
CSGP
$13.1B
| $213M | 2.93% |
3,165,000
+148,000
| +5% | +$10.5M |
|
16
MasTec
MTZ
$21.4B
| $201M | 2.76% |
925,000
+200,000
| +28% | +$42M |
|
17
Rocket Companies
RKT
$39.4B
| $184M | 2.53% |
9,515,000
+5,515,000
| +138% | +$98.6M |
|
18
LPL Financial
LPLA
$28.5B
| $182M | 2.5% |
510,000
-84,143
| -14% | -$29.8M |
|
|
19
Chipotle Mexican Grill
CMG
$46.7B
| $175M | 2.4% |
+4,725,000
| New | +$171M |
|
|
20
Constellation Energy
CEG
$96.7B
| $168M | 2.31% |
+475,000
| New | +$173M |
|
21
Vistra
VST
$45.7B
| $162M | 2.23% |
1,005,000
+70,000
| +7% | +$12.8M |
|
|
22
Danaher
DHR
$154B
| $137M | 1.89% |
600,000
+550,000
| +1,100% | +$121M |
|
23
SharkNinja
SN
$25.5B
| $134M | 1.85% |
1,200,000
-600,000
| -33% | -$59.1M |
|
|
24
TSMC
TSM
$2.17T
| $129M | 1.78% |
425,000
-675,000
| -61% | -$198M |
|
|
25
Alibaba
BABA
$286B
| $121M | 1.66% |
+825,000
| New | +$134M |
|
Similar funds
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.