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Third Point Portfolio holdings

AUM $2.08B
1-Year Est. Return 27.04%
This Fund
S&P 500
This Quarter Est. Return
+9.59%
1 Year Est. Return
+27.04%
3 Year Est. Return
+125.35%
5 Year Est. Return
+260.24%
10 Year Est. Return
+1,464.79%
AUM
$8.99B
AUM Growth
+$1.37B
Cap. Flow
+$802M
Cap. Flow %
8.92%
Top 10 Hldgs %
52.95%
Holding
62
New
11
Increased
10
Reduced
14
Closed
16

Top Buys

Rank Stock Value
1
NSC icon
Norfolk Southern
NSC
+$458M
2
MSFT icon
Microsoft
MSFT
+$357M
3
SGI
Somnigroup International
SGI
+$236M
4
UNP icon
Union Pacific
UNP
+$197M
5
MTZ icon
MasTec
MTZ
+$133M

Top Sells

Rank Stock Value
1
CPAY icon
Corpay
CPAY
+$227M
2
ICE icon
Intercontinental Exchange
ICE
+$174M
3
TLN
Talen Energy Corp
TLN
+$157M
4
LYV icon
Live Nation Entertainment
LYV
+$98.8M
5
COF icon
Capital One
COF
+$91.8M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 19.17%
2 Technology 16.27%
3 Industrials 15.27%
4 Financials 13.04%
5 Utilities 12.1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RBA icon
51
RB Global
RBA
$20.8B
– –
-695,000
Closed -$73.8M
SABR icon
52
Sabre
SABR
$656M
– –
-750,000
Closed -$2.37M
SE icon
53
Sea Limited
SE
$61.2B
– –
-50,000
Closed -$8M
SHCO
54
DELISTED
Soho House & Co
SHCO
– –
-5,171,676
Closed -$38M
WDAY icon
55
Workday
WDAY
$33.4B
– –
-300,000
Closed -$72M
CPAY icon
56
Corpay
CPAY
$24.2B
– –
-685,000
Closed -$227M
ARDT
57
Ardent Health
ARDT
$1.53B
– –
-75,000
Closed -$1.02M
TTAN
58
ServiceTitan Inc
TTAN
$6.72B
– –
-15,000
Closed -$1.61M
CTEV
59
Claritev Corp
CTEV
$368M
– –
-30,000
Closed -$1.35M
ASIC
60
Ategrity Specialty Insurance
ASIC
$1.13B
– –
-50,000
Closed -$1.08M
RAL
61
Ralliant Corp
RAL
$7.77B
– –
-125,003
Closed -$6.06M
1 2
3

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Third Point's Q3 2025 Portfolio in Review

As of Q3 2025, Third Point held 62 positions worth $8.99B, up 18% from $7.62B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Third Point deployed $802M of net new capital in Q3 2025, opening 11 new positions and adding to 10 existing holdings. Its largest new stake was Norfolk Southern: 1,650,000 shares worth $496M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 19% of assets, up from 16% a quarter earlier, followed by Technology and Industrials.

On the sell side, the largest reduction was Talen Energy Corp, an estimated $157M trimmed.

  • Third Point's largest Q3 2025 buy was Norfolk Southern: 1,650,000 shares worth $496M.
  • Third Point added most to Microsoft in Q3 2025, an estimated $357M increase.
  • Third Point's biggest Q3 2025 reduction was Talen Energy Corp, cutting an estimated $157M.
  • Third Point fully exited Corpay in Q3 2025, selling an estimated $227M.
  • Third Point's ten largest holdings make up 53% of its $8.99B portfolio in Q3 2025.
  • Third Point opened 11 new positions and closed 16 in Q3 2025.
  • Third Point's portfolio value rose 18% quarter-over-quarter to $8.99B.

Based on Third Point's 13F filing for Q3 2025, filed 14 Nov 2025.