Lead Investor
Daniel Loeb
Third Point LLC
AUM Reported
$7.3B
Positions
44
Versus
Q3 2025
What changed this quarter
$7.3B reported 13F value across the latest filing. Largest new stake: CHIPOTLE MEXICAN GRILL INC (CMG) at $175M. Largest closed prior-quarter stake: SPDR S&P 500 ETF TRUST (SPY) worth $583M. Largest added reported exposure: UNION PACIFIC CORP (UNP) by $212M. Largest reduced reported exposure: NORFOLK SOUTHERN CORP (NSC) by $214M.
+11 new−13 closed↑12 increased↓13 decreased| 8 unchangedreported 13F value change -$1.7B
Exposure view
Quarter-end weights. Market performance can move these bars even when shares are unchanged.
Sector exposure shifts
Position movements
Largest adds
UNP
UNION PACIFIC CORP
CMG
CHIPOTLE MEXICAN GRILL INC
CEG
CONSTELLATION ENERGY
Largest exits / trims
SPY
SPDR S&P 500 ETF TRUST
FLUT
FLUTTER ENTERTAINMENT PLC
PCG
P G & E CORP
Price = reported fair value divided by reported shares at quarter-end. Since q-end shows price change since the end of the reported quarter; ordinary-share rows also include estimated value move, while shaded option rows show underlying stock move only and sort after ordinary equity.
| Ticker | Name | Sector | Themes | Granular | Price* | Since q-end* | Size | Change |
|---|---|---|---|---|---|---|---|---|
| CMG | CHIPOTLE MEXICAN GRILL INC | Consumer Discretionary / Restaurants | - | - | $37.00 | -$23M (-12.9%) | $175M | NEW |
| CEG | CONSTELLATION ENERGY | Utilities / Utilities - Independent Power Producers | - | - | $353.27 | -$47M (-28.2%) | $168M | NEW |
| BABA | ALIBABA GROUP HOLDING-SP ADR | Consumer Discretionary / Internet Retail | - | - | $146.58 | -$28M (-23.0%) | $121M | NEW |
| APG | API GROUP CORP | Industrials / Engineering & Construction | - | - | $38.26 | +$12M (+10.7%) | $115M | NEW |
| L8681T102 | SPOTIFY TECHNOLOGY S A | Unclassified / Unclassified | - | - | $580.71 | - | $58M | NEW |
| PGR | PROGRESSIVE CORP | Financials / Insurance - Property & Casualty | - | - | $227.72 | -$5M (-10.8%) | $50M | NEW |
| TMO | THERMO FISHER SCIENTIFIC INC | Health Care / Diagnostics & Research | - | - | $579.45 | -$6M (-19.0%) | $29M | NEW |
| M98068105 | WIX COM LTD | Unclassified / Unclassified | - | - | $103.89 | - | $23M | NEW |
| CSX | CSX CORP | Industrials / Railroads | - | - | $36.25 | +$6M (+31.2%) | $18M | NEW |
| SPRY | ARS PHARMACEUTICALS INC | Health Care / Biotechnology | - | - | $11.65 | -$1M (-16.2%) | $6M | NEW |
| CTEV | CLARITEV CORP | Health Care / Health Information Services | - | - | $42.75 | -$2M (-27.7%) | $6M | NEW |
| Ticker | Name | Sector | Themes | Granular | Price* | Since q-end* | Size | Change |
|---|---|---|---|---|---|---|---|---|
| UNP | UNION PACIFIC CORP | Industrials / Railroads | - | - | $236.37 -> $231.32 | +$75M (+17.9%) | +106.9% | +$212M |
| DHR | DANAHER CORP | Health Care / Diagnostics & Research | - | - | $198.26 -> $228.92 | -$29M (-21.3%) | +1100.0% | +$127M |
| RKT | ROCKET COS INC-CLASS A | Financials / Mortgage Finance | - | - | $19.38 -> $19.36 | -$60M (-32.5%) | +137.9% | +$107M |
| CRH | CRH PLC | Materials / Building Materials | - | - | $119.90 -> $124.80 | -$48M (-14.7%) | +20.1% | +$65M |
| SGI | SOMNIGROUP INTERNATIONAL INC | Consumer Discretionary / Furnishings, Fixtures & Appliances | - | - | $84.33 -> $89.28 | -$58M (-19.1%) | +13.3% | +$51M |
| MTZ | MASTEC INC | Industrials / Engineering & Construction | - | - | $212.81 -> $217.37 | +$135M (+67.0%) | +27.6% | +$47M |
| CSGP | COSTAR GROUP INC | Real Estate / Real Estate Services | - | - | $84.37 -> $67.24 | -$109M (-51.2%) | +4.9% | -$42M |
| BN | BROOKFIELD CORP | Financials / Asset Management | - | - | $68.58 -> $45.89 | -$4M (-1.5%) | +32.6% | -$36M |
| LYV | LIVE NATION ENTERTAINMENT IN | Communication Services / Entertainment | - | - | $163.40 -> $142.50 | +$52M (+21.1%) | +27.8% | +$25M |
| VST | VISTRA CORP | Utilities / Utilities - Independent Power Producers | - | - | $195.92 -> $161.33 | -$13M (-8.3%) | +7.5% | -$21M |
| NVDA | NVIDIA CORP | Information Technology / Semiconductors | - | - | $186.58 -> $186.50 | +$55M (+10.0%) | +3.5% | +$18M |
| BHC | BAUSCH HEALTH COS INC | Health Care / Drug Manufacturers - Specialty & Generic | - | - | $6.45 -> $6.95 | -$662K (-27.2%) | +250.0% | +$2M |
| Ticker | Name | Sector | Themes | Granular | Price* | Since q-end* | Size | Change |
|---|---|---|---|---|---|---|---|---|
| NSC | NORFOLK SOUTHERN CORP | Industrials / Railroads | - | - | $300.41 -> $288.72 | +$25M (+8.7%) | -40.9% | -$214M |
| PCG | P G & E CORP | Utilities / Utilities - Regulated Electric | - | - | $15.08 -> $16.07 | +$30M (+5.5%) | -31.5% | -$204M |
| TSM | TAIWAN SEMICONDUCTOR-SP ADR | Information Technology / Semiconductors | - | - | $279.29 -> $303.89 | +$51M (+39.5%) | -61.4% | -$178M |
| MSFT | MICROSOFT CORP | Information Technology / Software - Infrastructure | - | - | $517.95 -> $483.62 | -$86M (-19.2%) | -15.9% | -$122M |
| AMZN | AMAZON.COM INC | Consumer Discretionary / Internet Retail | - | - | $219.57 -> $230.82 | +$17M (+3.3%) | -23.0% | -$117M |
| KVUE | KENVUE INC | Consumer Staples / Household & Personal Products | - | - | $16.23 -> $17.25 | +$3M (+5.2%) | -63.9% | -$90M |
| FIX | COMFORT SYSTEMS USA INC | Industrials / Engineering & Construction | - | - | $825.18 -> $933.29 | +$99M (+101.2%) | -47.5% | -$67M |
| G8068L108 | SHARKNINJA INC | Unclassified / Unclassified | - | - | $103.15 -> $111.90 | - | -33.3% | -$51M |
| CRS | CARPENTER TECHNOLOGY | Industrials / Metal Fabrication | - | - | $245.54 -> $314.84 | +$194M (+78.3%) | -7.6% | +$38M |
| CASY | CASEY'S GENERAL STORES INC | Consumer Discretionary / Specialty Retail | - | - | $565.32 -> $552.71 | +$156M (+62.0%) | -9.0% | -$31M |
| COF | CAPITAL ONE FINANCIAL CORP | Financials / Credit Services | - | - | $212.58 -> $242.36 | -$63M (-23.8%) | -20.6% | -$28M |
| LPLA | LPL FINANCIAL HOLDINGS INC | Financials / Capital Markets | - | - | $332.69 -> $357.17 | -$31M (-17.2%) | -14.2% | -$16M |
| TDS | TELEPHONE AND DATA SYSTEMS | Communication Services / Telecom Services | - | - | $39.24 -> $41.00 | -$6M (-2.1%) | -0.5% | +$10M |
Closed value is the prior quarter-end reported stake value, not realized sale proceeds or fund P/L.
| Ticker | Name | Sector | Themes | Granular | Price* | Since q-end* | Size | Change |
|---|---|---|---|---|---|---|---|---|
| FLUT | FLUTTER ENTERTAINMENT PLC | Consumer Discretionary / Gambling | - | - | $189.33-$261.22 | - | was $284M | CLOSED |
| 62482R107 | MR COOPER GROUP INC | Unclassified / Unclassified | - | - | $210.79 | - | was $195M | CLOSED |
| META | META PLATFORMS INC-CLASS A | Communication Services / Internet Content & Information | - | - | $581.25-$759.16 | - | was $162M | CLOSED |
| TLN | TALEN ENERGY CORP | Utilities / Utilities - Independent Power Producers | - | - | $343.40-$451.28 | - | was $149M | CLOSED |
| J | JACOBS SOLUTIONS INC | Industrials / Engineering & Construction | - | - | $125.55-$168.44 | - | was $137M | CLOSED |
| PRMB | PRIMO BRANDS CORP | Consumer Staples / Beverages - Non-Alcoholic | - | - | $14.36-$23.14 | - | was $128M | CLOSED |
| FND | FLOOR & DECOR HOLDINGS INC-A | Consumer Discretionary / Home Improvement Retail | - | - | $55.11-$75.75 | - | was $98M | CLOSED |
| APO | APOLLO GLOBAL MANAGEMENT INC | Financials / Asset Management | - | - | $118.14-$151.86 | - | was $87M | CLOSED |
| 03769M304 | APOLLO GLOBAL MGMT INC | Unclassified / Unclassified | - | - | $70.28 | - | was $63M | CLOSED |
| CORZ | CORE SCIENTIFIC INC | Information Technology / Software - Infrastructure | - | - | $13.35-$23.63 | - | was $54M | CLOSED |
| CYH | COMMUNITY HEALTH SYSTEMS INC | Health Care / Medical Care Facilities | - | - | $2.84-$4.43 | - | was $482K | CLOSED |
| SPY | SPDR S&P 500 ETF TRUST | Information Technology / Diversified ETF | - | - | Put option | - | was $583M | CLOSED |
| KVUE | KENVUE INC | Consumer Staples / Household & Personal Products | - | - | Call option | - | was $24M | CLOSED |
Mark-to-market since quarter-end +$292Mlatest quotes: 6/12/2026
Estimated from reported quarter-end value per share versus latest Yahoo Finance quotes. This is not cost basis or realized fund P/L.
| Ticker | Name | Shares | Q-end px | Latest | Move | Est. value move |
|---|---|---|---|---|---|---|
| CRS | CARPENTER TECHNOLOGY | 785,000 | $314.84 | $561.49 | +78.3% | +$194M |
| CASY | CASEY'S GENERAL STORES INC | 455,000 | $552.71 | $895.14 | +62.0% | +$156M |
| MTZ | MASTEC INC | 925,000 | $217.37 | $362.97 | +67.0% | +$135M |
| CSGP | COSTAR GROUP INC | 3,165,000 | $67.24 | $32.84 | -51.2% | -$109M |
| FIX | COMFORT SYSTEMS USA INC | 105,000 | $933.29 | $1,877.61 | +101.2% | +$99M |
| MSFT | MICROSOFT CORP | 925,000 | $483.62 | $390.74 | -19.2% | -$86M |
| UNP | UNION PACIFIC CORP | 1,810,000 | $231.32 | $272.70 | +17.9% | +$75M |
| COF | CAPITAL ONE FINANCIAL CORP | 1,100,000 | $242.36 | $184.73 | -23.8% | -$63M |
| RKT | ROCKET COS INC-CLASS A | 9,515,000 | $19.36 | $13.07 | -32.5% | -$60M |
| SGI | SOMNIGROUP INTERNATIONAL INC | 3,400,000 | $89.28 | $72.25 | -19.1% | -$58M |
| NVDA | NVIDIA CORP | 2,950,000 | $186.50 | $205.19 | +10.0% | +$55M |
| LYV | LIVE NATION ENTERTAINMENT IN | 1,725,000 | $142.50 | $172.51 | +21.1% | +$52M |
| TSM | TAIWAN SEMICONDUCTOR-SP ADR | 425,000 | $303.89 | $423.93 | +39.5% | +$51M |
| CRH | CRH PLC | 2,600,000 | $124.80 | $106.48 | -14.7% | -$48M |
| CEG | CONSTELLATION ENERGY | 475,000 | $353.27 | $253.76 | -28.2% | -$47M |
| LPLA | LPL FINANCIAL HOLDINGS INC | 510,000 | $357.17 | $295.66 | -17.2% | -$31M |
| PCG | P G & E CORP | 34,300,000 | $16.07 | $16.95 | +5.5% | +$30M |
| DHR | DANAHER CORP | 600,000 | $228.92 | $180.10 | -21.3% | -$29M |
| BABA | ALIBABA GROUP HOLDING-SP ADR | 825,000 | $146.58 | $112.82 | -23.0% | -$28M |
| NSC | NORFOLK SOUTHERN CORP | 975,000 | $288.72 | $313.91 | +8.7% | +$25M |
| CMG | CHIPOTLE MEXICAN GRILL INC | 4,725,000 | $37.00 | $32.23 | -12.9% | -$23M |
| AMZN | AMAZON.COM INC | 2,165,000 | $230.82 | $238.55 | +3.3% | +$17M |
| VST | VISTRA CORP | 1,005,000 | $161.33 | $148.02 | -8.3% | -$13M |
| APG | API GROUP CORP | 3,000,000 | $38.26 | $42.34 | +10.7% | +$12M |
| TDS | TELEPHONE AND DATA SYSTEMS | 6,675,000 | $41.00 | $40.15 | -2.1% | -$6M |
| CSX | CSX CORP | 500,000 | $36.25 | $47.57 | +31.2% | +$6M |
| TMO | THERMO FISHER SCIENTIFIC INC | 50,000 | $579.45 | $469.34 | -19.0% | -$6M |
| PGR | PROGRESSIVE CORP | 220,000 | $227.72 | $203.11 | -10.8% | -$5M |
| BN | BROOKFIELD CORP | 6,200,000 | $45.89 | $45.21 | -1.5% | -$4M |
| SRTA | STRATA CRITICAL MEDICAL INC | 5,000,000 | $4.81 | $5.43 | +12.9% | +$3M |
| KVUE | KENVUE INC | 3,250,000 | $17.25 | $18.14 | +5.2% | +$3M |
| AUR | AURORA INNOVATION INC | 1,032,463 | $3.84 | $6.13 | +59.6% | +$2M |
| FLYX | FLYEXCLUSIVE INC | 1,022,000 | $4.11 | $2.01 | -51.1% | -$2M |
| CTEV | CLARITEV CORP | 145,000 | $42.75 | $30.89 | -27.7% | -$2M |
| SPRY | ARS PHARMACEUTICALS INC | 556,237 | $11.65 | $9.76 | -16.2% | -$1M |
| BHC | BAUSCH HEALTH COS INC | 350,000 | $6.95 | $5.06 | -27.2% | -$662K |
8 positions held steady · $59M (0.8% of AUM) click to expand
| Ticker | Name | Sector | Themes | Granular | Shares | Value | % port |
|---|---|---|---|---|---|---|---|
| SRTA | STRATA CRITICAL MEDICAL INC | Health Care | — | — | 5,000,000 | $24M | 0.3% |
| 42806J148 | HERTZ GLOBAL HLDGS INC | — | — | — | 3,970,000 | $11M | 0.1% |
| 69331CAL2 | PG&E CORP | — | — | — | 10,000,000 | $10M | 0.1% |
| 69331C306 | PG&E CORP | — | — | — | 140,000 | $6M | 0.1% |
| FLYX | FLYEXCLUSIVE INC | Industrials | — | — | 1,022,000 | $4M | 0.1% |
| AUR | AURORA INNOVATION INC | Consumer Discretionary | — | — | 1,032,463 | $4M | 0.1% |
| 051774115 | AURORA INNOVATION INC | — | — | — | 1,835,000 | $413K | 0.0% |
| 343928115 | FLYEXCLUSIVE INC | — | — | — | 367,499 | $105K | 0.0% |