13F filer · CIK 1040273 ↗
Third Point
You are looking at Q1 2026. See the latest, Q2 2026 →
Reported value
$2.08B
−71% on the quarter before
Positions
33
10 new · 21 sold out
Top 10
77.8%
of the value
Est. gain
−$72.9M
on stocks held all quarter
Est. return
−3.9%
on those stocks since Q4 2025
Positions as of Mar 31, 2026, from Third Point's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.
Portfolio at a glance
- New
- Added
- Cut
- Same
- Options
Each tile is a position, sized by its share, colored by what the fund did with it since Q4 2025. Striped tiles are options.
Largest buys
Since Q4 2025, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Meta~$51.5MNew · 0.0% → 2.5%+90,000 shares
- Alphabet~$50.3MNew · 0.0% → 2.4%+175,000 shares
- SPDR Gold Tr~$40.9MNew · 0.0% → 2.0%+95,000 shares
- Hut 8~$40.8MNew · 0.0% → 2.0%+869,563 shares
- TransDigm Group~$29.0MNew · 0.0% → 1.4%+25,000 shares
- KLA~$16.2MNew · 0.0% → 0.8%+11,000 shares
- Lam Research~$16.0MNew · 0.0% → 0.8%+75,000 shares
- ASML~$15.8MNew · 0.0% → 0.8%+12,000 shares
- Broadcom~$15.5MNew · 0.0% → 0.7%+50,000 shares
- Vaneck ETF Trust~$15.3MNew · 0.0% → 0.7%+40,000 shares
Largest sells
Since Q4 2025, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Pg&E Corp~$551.2MSold out · 7.6% → 0.0%−34,300,000 shares
- Nvidia~$481.3MCut · 7.6% → 1.6%−2,760,000 shares
- Microsoft~$447.3MSold out · 6.1% → 0.0%−925,000 shares
- Union Pacific Corporation~$414.9MCut · 5.8% → 1.2%−1,710,000 shares
- Brookfield Corp~$284.5MSold out · 3.9% → 0.0%−6,200,000 shares
- Caseys Gen Stores Inc~$251.5MSold out · 3.5% → 0.0%−455,000 shares
- Norfolk Southern~$251.1MCut · 3.9% → 1.4%−875,000 shares
- Costar Group Inc~$212.8MSold out · 2.9% → 0.0%−3,165,000 shares
- Mastec Inc~$194.7MCut · 2.8% → 4.9%−605,000 shares
- Live Nation Entertainment~$192.2MCut · 3.4% → 3.4%−1,260,000 shares
Holdings
As of Mar 31, 2026. Changes are in shares against Dec 31, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AmazonCOM · shares −10% · price −9.8% | 19.4% | $404.0M | −$43.7M | ||||||||
| Telephone & Data Sys IncCOM NEW · shares −1.1% · price +2.7% | 13.3% | $277.9M | +$7.3M | ||||||||
| CRH plcORD · shares −27% · price −15.8% | 9.6% | $199.7M | −$37.4M | ||||||||
| Somnigroup International IncCOM · shares −33% · price −17.2% | 8.1% | $167.9M | −$34.9M | ||||||||
| Carpenter Technology CorpCOM · shares −61% · price +25.2% | 5.9% | $122.2M | +$24.6M | ||||||||
| Mastec IncCOM · shares −65% · price +48.0% | 4.9% | $103.0M | +$33.4M | ||||||||
| DanaherCOM · shares −13% · price −17.2% | 4.8% | $99.5M | −$20.6M | ||||||||
| TSMCSPONSORED ADS · shares −35% · price +11.2% | 4.5% | $92.9M | +$9.4M | ||||||||
| Api Group CorpCOM STK · shares −32% · price +5.9% | 3.9% | $82.3M | +$4.6M | ||||||||
| Live Nation EntertainmentCOM · shares −73% · price +7.0% | 3.4% | $70.9M | +$4.7M | ||||||||
| MetaCL A · shares New | 2.5% | $51.5M | — | ||||||||
| AlphabetCAP STK CL A · shares New | 2.4% | $50.3M | — | ||||||||
| SPDR Gold TrGOLD SHS · shares New | 2.0% | $40.9M | — | ||||||||
| Hut 8COM · shares New | 2.0% | $40.8M | — | ||||||||
| NvidiaCOM · shares −94% · price −6.5% | 1.6% | $33.1M | −$2.3M | ||||||||
| TransDigm GroupCOM · shares New | 1.4% | $29.0M | — | ||||||||
| Norfolk SouthernCOM · shares −90% · price −0.6% | 1.4% | $28.7M | −$172,000 | ||||||||
| Capital OneCOM · shares −87% · price −24.7% | 1.2% | $25.5M | −$8.4M | ||||||||
| Union Pacific CorporationCOM · shares −94% · price +4.9% | 1.2% | $24.3M | +$1.1M | ||||||||
| Strata Critical Medical IncCL A COM · shares 0% · price −13.1% | 1.0% | $20.9M | −$3.1M | ||||||||
| KLACOM NEW · shares New | 0.78% | $16.2M | — | ||||||||
| Lam ResearchCOM NEW · shares New | 0.77% | $16.0M | — | ||||||||
| ASMLN Y REGISTRY SHS · shares New | 0.76% | $15.8M | — | ||||||||
| BroadcomCOM · shares New | 0.74% | $15.5M | — | ||||||||
| Vaneck ETF TrustSEMICONDUCTR ETF · shares New | 0.74% | $15.3M | — | ||||||||
| Total · 33 positions | 100% | $2.08B | −$72.9M |
Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.
What made money
From Q4 2025 to Q1 2026: 23 stocks held throughout, down $72.9M (−3.9%).
- Mastec Inc+$33.4M+48%
- Carpenter Technology Corp+$24.6M+25%
- TSMC+$9.4M+11%
- Telephone & Data Sys Inc+$7.3M+3%
- Live Nation Entertainment+$4.7M+7%
- Capital One−$8.4M−25%
- Danaher−$20.6M−17%
- Somnigroup International Inc−$34.9M−17%
- CRH plc−$37.4M−16%
- Amazon−$43.7M−10%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out.
Reported value by quarter
The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q2 2026 | Aug 14, 2026 | $4.68B+125% | SEC ↗ |
| Q1 2026 | May 15, 2026 | $2.08B−71% | SEC ↗ |
| Q4 2025 | Feb 17, 2026 | $7.27B−19% | SEC ↗ |
| Q3 2025 | Nov 14, 2025 | $8.99B+18% | SEC ↗ |
| Q2 2025 | Aug 14, 2025 | $7.62B+16% | SEC ↗ |
| Q1 2025 | May 15, 2025 | $6.55B−12% | SEC ↗ |
| Q4 2024 | Feb 14, 2025 | $7.44B+0% | SEC ↗ |
| Q3 2024 | Nov 14, 2024 | $7.43B−15% | SEC ↗ |
| Q2 2024 | Aug 14, 2024 | $8.74B+11% | SEC ↗ |
| Q1 2024 | May 15, 2024 | $7.85B+18% | SEC ↗ |
| Q4 2023 | Feb 14, 2024 | $6.64B+1% | SEC ↗ |
| Q3 2023 | Nov 14, 2023 | $6.59B−3% | SEC ↗ |
| Q2 2023 | Aug 14, 2023 | $6.82B+12% | SEC ↗ |
| Q1 2023 | May 15, 2023 | $6.11B+2% | SEC ↗ |
| Q4 2022 | Feb 14, 2023 | $5.97B+8% | SEC ↗ |
| Q3 2022 | Nov 14, 2022 | $5.53B+31% | SEC ↗ |
| Q2 2022 | Aug 15, 2022 | $4.22B−45% | SEC ↗ |
| Q1 2022 | May 16, 2022 | $7.68B−46% | SEC ↗ |
| Q4 2021 | Feb 14, 2022 | $14.33B−22% | SEC ↗ |
| Q3 2021 | Nov 15, 2021 | $18.32B+7% | SEC ↗ |
| Q2 2021 | Aug 16, 2021 | $17.08B+15% | SEC ↗ |
| Q1 2021 | May 14, 2021 | $14.84B+14% | SEC ↗ |
| Q4 2020 | Feb 16, 2021 | $12.97B+30% | SEC ↗ |
| Q3 2020 | Nov 13, 2020 | $10.00B+37% | SEC ↗ |
| Q2 2020 | Aug 17, 2020 | $7.30B+17% | SEC ↗ |
| Q1 2020 | May 15, 2020 | $6.27B−28% | SEC ↗ |
| Q4 2019 | Feb 13, 2020 | $8.70B+3% | SEC ↗ |
| Q3 2019 | Nov 14, 2019 | $8.42B−1% | SEC ↗ |
| Q2 2019 | Aug 12, 2019 | $8.54B−5% | SEC ↗ |
| Q1 2019 | May 15, 2019 | $8.99B+38% | SEC ↗ |
| Q4 2018 | Feb 8, 2019 | $6.51B−55% | SEC ↗ |
| Q3 2018 | Nov 9, 2018 | $14.31B−0% | SEC ↗ |
| Q2 2018 | Aug 10, 2018 | $14.35B+8% | SEC ↗ |
| Q1 2018 | May 15, 2018 | $13.32B−4% | SEC ↗ |
| Q4 2017 | Feb 14, 2018 | $13.86B+16% | SEC ↗ |
| Q3 2017 | Nov 9, 2017 | $11.90B+5% | SEC ↗ |
| Q2 2017 | Aug 11, 2017 | $11.28B+10% | SEC ↗ |
| Q1 2017 | May 12, 2017 | $10.25B+1% | SEC ↗ |
| Q4 2016 | Feb 10, 2017 | $10.19B−11% | SEC ↗ |
| Q3 2016 | Nov 10, 2016 | $11.50B+10% | SEC ↗ |
| Q2 2016 | Aug 12, 2016 | $10.49B−3% | SEC ↗ |
| Q1 2016 | May 13, 2016 | $10.86B | SEC ↗ |