TP
Third Point Portfolio holdings
AUM
$4.68B
Turnover
50%
1-Year Est. Return
37.3%
This Fund
S&P 500
This Quarter
Est. Return
-1.19%
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
$2.08B
AUM Growth
-$5.19B
(-71%)
Cap. Flow
-$5.14B
Cap. Flow
% of AUM
-246.88%
Top 10 Holdings %
Top 10 Hldgs %
77.79%
Holding
53
New
10
Increased
1
Reduced
16
Closed
20
Avg Time Held
1.2
years
Top 10 Avg Time Held
0.4
years
Top 20 Avg Time Held
0.6
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$57.7M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$55M |
| 3 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
26
SharkNinja
SN
$26.2B
| $13.8M | 0.66% |
130,509
-1,069,491
| -89% | -$125M |
2025 Q1
4 quarters
|
|
27
Hertz Global Holdings Warrants
HTZWW
$72.9M
| $9.05M | 0.43% |
3,970,000
| – | – |
2023 Q2
11 quarters
|
|
28
ARS Pharmaceuticals
SPRY
$391M
| $8.03M | 0.39% |
1,000,000
+443,763
| +80% | +$4.25M |
2025 Q4
1 quarter
|
|
29
Aurora
AUR
$10.1B
| $4.25M | 0.2% |
1,032,463
| – | – |
2021 Q2
19 quarters
|
|
30
flyExclusive
FLYX
$62.1M
| $2.31M | 0.11% |
1,022,000
| – | – |
2021 Q4
17 quarters
|
|
31
Claritev Corp
CTEV
$406M
| $719K | 0.03% |
44,000
-101,000
| -70% | -$2.26M |
2025 Q4
1 quarter
|
|
32
Aurora Innovation Warrant
AUROW
$22.6M
| $365K | 0.02% |
1,835,000
| – | – |
2021 Q2
19 quarters
|
|
|
33
flyExclusive Inc Warrants
FLYX.WS
| $88.2K | ﹤0.01% |
367,499
| – | – |
2021 Q4
17 quarters
|
|
34
Alibaba
BABA
$277B
| – | – |
-825,000
| Closed | -$121M | – |
|
35
Bausch Health
BHC
$2.2B
| – | – |
-350,000
| Closed | -$2.43M | – |
|
|
36
Brookfield
BN
$80.3B
| – | – |
-6,200,000
| Closed | -$285M | – |
|
37
Casey's General Stores
CASY
$24.2B
| – | – |
-455,000
| Closed | -$251M | – |
|
38
Constellation Energy
CEG
$99B
| – | – |
-475,000
| Closed | -$168M | – |
|
39
Chipotle Mexican Grill
CMG
$38.6B
| – | – |
-4,725,000
| Closed | -$175M | – |
|
40
CoStar Group
CSGP
$12.2B
| – | – |
-3,165,000
| Closed | -$213M | – |
|
41
CSX Corp
CSX
$89.4B
| – | – |
-500,000
| Closed | -$18.1M | – |
|
42
Comfort Systems
FIX
$54.3B
| – | – |
-105,000
| Closed | -$98M | – |
|
43
Kenvue
KVUE
$34.6B
| – | – |
-3,250,000
| Closed | -$56.1M | – |
|
44
LPL Financial
LPLA
$25.5B
| – | – |
-510,000
| Closed | -$182M | – |
|
|
45
Microsoft
MSFT
$3.96T
| – | – |
-925,000
| Closed | -$447M | – |
|
|
46
PG&E
PCG
$39.5B
| – | – |
-34,300,000
| Closed | -$551M | – |
|
47
Progressive
PGR
$124B
| – | – |
-220,000
| Closed | -$50.1M | – |
|
48
Rocket Companies
RKT
$29.8B
| – | – |
-9,515,000
| Closed | -$184M | – |
|
49
Spotify
SPOT
$108B
| – | – |
-100,000
| Closed | -$58.1M | – |
|
50
Thermo Fisher Scientific
TMO
$249B
| – | – |
-50,000
| Closed | -$29M | – |
|
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Third Point's Q1 2026 Portfolio in Review
As of Q1 2026, Third Point held 53 positions worth $2.08B, down 71% from $7.27B the previous quarter. Its ten largest holdings account for 78% of the portfolio.
Third Point 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, Third Point opened a new position in Meta Platforms (Facebook) worth $51.5M.
- Third Point's largest Q1 2026 buy was Meta Platforms (Facebook): 90,000 shares worth $51.5M.
- Third Point added most to ARS Pharmaceuticals in Q1 2026, an estimated $4.25M increase.
- Third Point's biggest Q1 2026 reduction was NVIDIA, cutting an estimated $506M.
- Third Point fully exited PG&E in Q1 2026, selling an estimated $551M.
- Third Point's ten largest holdings make up 78% of its $2.08B portfolio in Q1 2026.
- Third Point opened 10 new positions and closed 20 in Q1 2026.
- Third Point'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.