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Third Point Portfolio holdings
AUM
$4.68B
Turnover
50%
1-Year Est. Return
37.3%
This Fund
S&P 500
This Quarter Est. Return
-2.63%
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
$6.55B
AUM Growth
-$891M
(-12%)
Cap. Flow
-$772M
Cap. Flow % of AUM
Cap. Flow %
-11.78%
Top 10 Holdings %
Top 10 Hldgs %
49.74%
Holding
54
New
11
Increased
9
Reduced
7
Closed
10
Avg Time Held
Equity + Options
1.2
years
Top 10 Avg Time Held
Equity + Options
0.8
years
Top 20 Avg Time Held
Equity + Options
0.8
years
Avg Time Held Equity only
1.2
years
Top 10 Avg Time Held Equity only
0.8
years
Top 20 Avg Time Held Equity only
0.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kenvue
KVUE
|
+$197M |
| 2 |
NVIDIA
NVDA
|
+$184M |
| 3 |
Apollo Global Management
APO
|
+$169M |
| 4 |
CoStar Group
CSGP
|
+$150M |
| 5 |
US Steel
X
|
+$137M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Danaher
DHR
|
+$436M |
| 2 |
Meta Platforms (Facebook)
META
|
+$389M |
| 3 |
Amazon
AMZN
|
+$239M |
| 4 |
Ferguson
FERG
|
+$208M |
| 5 |
Tesla
TSLA
|
+$202M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.35% |
| 2 | Utilities | 16.71% |
| 3 | Technology | 14.08% |
| 4 | Consumer Discretionary | 13.39% |
| 5 | Communication Services | 10.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PG&E
PCG
$37.7B
| $878M | 13.4% |
51,100,000
+2,600,000
| +5% | +$43.1M |
2020 Q3
18 quarters
|
|
|
2
Amazon
AMZN
$2.69T
| $447M | 6.82% |
2,350,000
-1,100,000
| -32% | -$239M |
2023 Q2
7 quarters
|
|
3
TSMC
TSM
$2.16T
| $295M | 4.51% |
1,780,000
| – | – |
2023 Q2
7 quarters
|
|
4
Live Nation Entertainment
LYV
$40.4B
| $274M | 4.19% |
2,100,000
+380,000
| +22% | +$51.9M |
2024 Q2
3 quarters
|
|
5
Telephone and Data Systems
TDS
$4.02B
| $262M | 4% |
6,760,000
+760,000
| +13% | +$27.4M |
2023 Q3
6 quarters
|
|
6
CRH
CRH
$56.7B
| $239M | 3.65% |
2,715,000
| – | – |
2024 Q2
3 quarters
|
|
7
Brookfield
BN
$84.1B
| $222M | 3.39% |
6,360,000
-1,125,000
| -15% | -$42.5M |
2024 Q3
2 quarters
|
|
8
Flutter Entertainment
FLUT
$13.9B
| $215M | 3.28% |
970,000
+100,000
| +11% | +$25.9M |
2024 Q3
2 quarters
|
|
|
9
Kenvue
KVUE
$37.4B
| $213M | 3.26% |
+8,900,000
| New | +$197M |
2025 Q1
0 quarters
|
|
10
Corpay
CPAY
$26.8B
| $213M | 3.25% |
610,000
| – | – |
2023 Q4
5 quarters
|
|
|
11
Apollo Global Management
APO
$66.5B
| $205M | 3.14% |
1,500,000
+1,100,000
| +275% | +$169M |
2023 Q4
5 quarters
|
|
12
LPL Financial
LPLA
$24.7B
| $204M | 3.12% |
625,000
-30,000
| -5% | -$10.4M |
2024 Q3
2 quarters
|
|
13
Intercontinental Exchange
ICE
$91.5B
| $190M | 2.9% |
1,100,000
-985,000
| -47% | -$161M |
2023 Q2
7 quarters
|
|
14
Capital One
COF
$123B
| $188M | 2.87% |
1,050,000
+125,000
| +14% | +$23.6M |
2024 Q4
1 quarter
|
|
15
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$811B
| $184M | 2.82% |
+330,000
| New | +$194M |
2025 Q1
0 quarters
|
|
16
Jacobs Solutions
J
$17.1B
| $169M | 2.58% |
1,414,000
-252,500
| -15% | -$32.5M |
2023 Q1
8 quarters
|
|
17
Carpenter Technology
CRS
$14.1B
| $158M | 2.41% |
870,000
| – | – |
2024 Q3
2 quarters
|
|
18
EQT Corp
EQT
$34.8B
| $158M | 2.41% |
2,950,000
| – | – |
2023 Q4
5 quarters
|
|
|
19
NVIDIA
NVDA
$5.12T
| $157M | 2.4% |
+1,450,000
| New | +$184M |
2025 Q1
0 quarters
|
|
|
20
CoStar Group
CSGP
$14.1B
| $156M | 2.39% |
+1,975,000
| New | +$150M |
2025 Q1
0 quarters
|
|
|
21
DELISTED
US Steel
X
| $153M | 2.34% |
+3,625,000
| New | +$137M |
2025 Q1
0 quarters
|
|
22
Fortive
FTV
$18.2B
| $139M | 2.12% |
2,521,300
| – | – |
2024 Q4
1 quarter
|
|
23
Casey's General Stores
CASY
$25.6B
| $130M | 1.99% |
+300,000
| New | +$123M |
2025 Q1
0 quarters
|
|
24
DELISTED
Discover Financial Services
DFS
| $126M | 1.93% |
740,000
+100,000
| +16% | +$18.3M |
2024 Q4
1 quarter
|
|
25
Microsoft
MSFT
$3.89T
| $118M | 1.81% |
315,000
-285,000
| -48% | -$116M |
2022 Q4
9 quarters
|
|
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Third Point's Q1 2025 Portfolio in Review
As of Q1 2025, Third Point held 54 positions worth $6.55B, down 12% from $7.44B the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Third Point withdrew a net $772M in Q1 2025, closing 10 positions and reducing 7 holdings. Its most notable exit was Danaher, an estimated $436M position sold in full.
By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 15% a quarter earlier, followed by Utilities and Technology.
Against the trend, Third Point opened a new position in Kenvue worth $213M.
- Third Point's largest Q1 2025 buy was Kenvue: 8,900,000 shares worth $213M.
- Third Point added most to Apollo Global Management in Q1 2025, an estimated $169M increase.
- Third Point's biggest Q1 2025 reduction was Amazon, cutting an estimated $239M.
- Third Point fully exited Danaher in Q1 2025, selling an estimated $436M.
- Third Point's ten largest holdings make up 50% of its $6.55B portfolio in Q1 2025.
- Third Point opened 11 new positions and closed 10 in Q1 2025.
- Third Point's portfolio value fell 12% quarter-over-quarter to $6.55B.
Based on Third Point's 13F filing for Q1 2025, filed 15 May 2025.