Third Point LLC
Long book
$2.08B
Q1 2026
Positions
33
Top-10 weight
78%
concentration
Last quarter
+14.3%
SPY +14.8%
Turnover
57%
of book per quarter
Strategy in plain words
auto-generated from filingsThird Point LLC is an activist investor that takes positions to influence management, running a $2.08B US long book across 33 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: AMAZON.COM INC, TELEPHONE AND DATA SYSTEMS, CRH PLC, SOMNIGROUP INTERNATIONAL INC, CARPENTER TECHNOLOGY.
Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.9%
Q2 2024
+5.7%
Q3 2024
+7.1%
Q4 2024
-7.1%
Q1 2025
+8.9%
Q2 2025
+6.4%
Q3 2025
+0.5%
Q4 2025
-4.0%
Q1 2026
+14.3%
Sector allocation
Industrials 29%
Consumer discretionary 21%
Communications 14%
Technology 13%
Other 10%
Services media 8%
Financials 3%
Healthcare 2%
Long book by quarter
What does Third Point own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AMZN AMAZON.COM INC | Consumer discretionary | 1.9M | $404.0M | 19.4% | -10.4% |
| TDS TELEPHONE AND DATA SYSTEMS | Communications | 6.6M | $277.9M | 13.3% | -1.1% |
| CRH CRH PLC | Industrials | 1.9M | $199.7M | 9.6% | -26.9% |
| SGI SOMNIGROUP INTERNATIONAL INC | Other | 2.3M | $167.9M | 8.1% | -33.2% |
| CRS CARPENTER TECHNOLOGY | Industrials | 310.0K | $122.2M | 5.9% | -60.5% |
| MTZ MASTEC INC | Industrials | 320.0K | $103.0M | 4.9% | -65.4% |
| DHR DANAHER CORP | Technology | 525.0K | $99.5M | 4.8% | -12.5% |
| APG API GROUP CORP | Services media | 2.0M | $82.3M | 3.9% | -32.3% |
| LYV LIVE NATION ENTERTAINMENT IN | Services media | 465.0K | $70.9M | 3.4% | -73.0% |
| META META PLATFORMS INC-CLASS A | Technology | 90.0K | $51.5M | 2.5% | New |
| GOOGL ALPHABET INC-CL A | Technology | 175.0K | $50.3M | 2.4% | New |
| HUT HUT 8 CORP | Financials | 869.6K | $40.8M | 2.0% | New |
| NVDA NVIDIA CORP | Technology | 190.0K | $33.1M | 1.6% | -93.6% |
| TDG TRANSDIGM GROUP INC | Industrials | 25.0K | $29.0M | 1.4% | New |
| NSC NORFOLK SOUTHERN CORP | Industrials | 100.0K | $28.7M | 1.4% | -89.7% |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 140.0K | $25.5M | 1.2% | -87.3% |
| UNP UNION PACIFIC CORP | Industrials | 100.0K | $24.3M | 1.2% | -94.5% |
| SRTA STRATA CRITICAL MEDICAL INC | Healthcare | 5.0M | $20.9M | 1.0% | Held |
| KLAC KLA CORP | Other | 11.0K | $16.2M | 0.8% | New |
| LRCX LAM RESEARCH CORP | Industrials | 75.0K | $16.0M | 0.8% | New |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 12.0K | $15.8M | 0.8% | New |
| AVGO BROADCOM INC | Technology | 50.0K | $15.5M | 0.7% | New |
| SN SHARKNINJA INC | Industrials | 130.5K | $13.8M | 0.7% | -89.1% |
| SPRY ARS PHARMACEUTICALS INC | Healthcare | 1.0M | $8.0M | 0.4% | +79.8% |
| AUR AURORA INNOVATION INC | Technology | 1.0M | $4.3M | 0.2% | Held |
| FLYX FLYEXCLUSIVE INC | Industrials | 1.0M | $2.3M | 0.1% | Held |
| CTEV CLARITEV CORP | Services media | 44.0K | $719K | 0.0% | -69.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 33 | $2.08B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 44 | $7.27B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 46 | $8.99B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 51 | $7.62B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 45 | $6.55B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 43 | $7.44B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 42 | $7.43B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 44 | $8.74B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 40 | $7.85B | canonical | SEC ↗ |