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Daniel Loeb
Third Point
2026Q1 · filed May 15, 202633 positions · $2.08Btop-5 56%
2026Q1 brief
Daniel Loeb's Third Point had a notably active restructuring quarter across its $2.08B 13F book, exiting six positions including PCG (7.6% prior weight), MSFT (6.1%), and BN (3.9%) — a significant clearing of what were meaningful stakes. The infrastructure/industrials core was trimmed hard: MTZ cut 65%, CRS down 61%, CRH down 27%. In their place, Loeb initiated META (2.5%) and GOOGL (2.4%), aligning with a broader super-investor consensus tilt into mega-cap AI beneficiaries. More idiosyncratic: new positions in GLD (1.96%) and crypto miner HUT (1.96%) suggest macro hedging and speculative digital-asset exposure — an unusual pairing. AMZN (19.4%) and TDS (13.3%) remain the dominant anchors. The portfolio is shrinking in industrial breadth and rotating toward digital/tech with a macro overlay. Watch whether the TDS thesis (a telecom special situation) resolves via a corporate action and whether the GLD/HUT macro hedge is expanded.
AI-generated. Not investment advice.
Holdings (33) · click any column to sort
| #↑ | Ticker | Issuer | % Port. | This Q | History | Value |
|---|---|---|---|---|---|---|
| 1 | AMZN | 19.4% | $404M | |||
| 2 | TDS | 13.3% | $278M | |||
| 3 | CRH | 9.6% | $200M | |||
| 4 | SGI | 8.1% | $168M | |||
| 5 | CRS | 5.9% | $122M | |||
| 6 | MTZ | 4.9% | $103M | |||
| 7 | DHR | 4.8% | $100M | |||
| 8 | TSM | 4.5% | $93M | |||
| 9 | APG | 3.9% | $82M | |||
| 10 | LYV | 3.4% | $71M | |||
| 11 | META | 2.5% | $51M | |||
| 12 | GOOGL | 2.4% | $50M | |||
| 13 | GLD | 2.0% | $41M | |||
| 14 | HUT | 2.0% | $41M | |||
| 15 | NVDA | 1.6% | $33M | |||
| 16 | TDG | 1.4% | $29M | |||
| 17 | NSC | 1.4% | $29M | |||
| 18 | COF | 1.2% | $26M | |||
| 19 | UNP | 1.2% | $24M | |||
| 20 | SRTA | 1.0% | $21M | |||
| 21 | KLAC | 0.8% | $16M | |||
| 22 | LRCX | 0.8% | $16M | |||
| 23 | ASML | 0.8% | $16M | |||
| 24 | AVGO | 0.7% | $15M | |||
| 25 | SMH | 0.7% | $15M | |||
| 26 | G8068L108 | 0.7% | $14M | |||
| 27 | HTZWW | 0.4% | $9M | |||
| 28 | SPRY | 0.4% | $8M | |||
| 29 | AUR | 0.2% | $4M | |||
| 30 | FLYX | 0.1% | $2M | |||
| 31 | CTEV | <0.1% | $719K | |||
| 32 | AUROW | <0.1% | $365K | |||
| 33 | FLYX/WS | <0.1% | $88K |
Sort↑
- 1AMZN19.4%$404MAmazon.com Incthis Q hold·22q
- 2TDS13.3%$278MTelephone And Data Systemsthis Q hold·11q
- 3CRH9.6%$200MCrh Plcthis Q -27%·8q
- 4SGI8.1%$168MSomnigroup International Incthis Q -33%·3q
- 5CRS5.9%$122MCarpenter Technologythis Q -61%·7q
- 6MTZ4.9%$103MMastec Incthis Q -65%·3q
- 7DHR4.8%$100MDanaher Corpthis Q hold·39q
- 8TSM4.5%$93MTaiwan Semiconductor-sp Adrthis Q -35%·12q
- 9APG3.9%$82MApi Group Corpthis Q -32%·2q
- 10LYV3.4%$71MLive Nation Entertainment INthis Q -73%·8q
- 11META2.5%$51MMeta Platforms Inc-class Athis Q New·24q
- 12GOOGL2.4%$50MAlphabet Inc-cl Athis Q New·19q
- 13GLD2.0%$41MSpdr Gold Sharesthis Q New·—1q
- 14HUT2.0%$41MHut 8 Corpthis Q New·—1q
- 15NVDA1.6%$33MNvidia Corpthis Q -94%·6q
- 16TDG1.4%$29MTransdigm Group Incthis Q New·11q
- 17NSC1.4%$29MNorfolk Southern Corpthis Q -90%·3q
- 18COF1.2%$26MCapital One Financial Corpthis Q -87%·6q
- 19UNP1.2%$24MUnion Pacific Corpthis Q -94%·6q
- 20SRTA1.0%$21MStrata Critical Medical Incthis Q hold·3q
- 21KLAC0.8%$16MKla Corpthis Q New·—1q
- 22LRCX0.8%$16MLam Research Corpthis Q New·—1q
- 23ASML0.8%$16MAsml Hldg NVthis Q New·2q
- 24AVGO0.7%$15MBroadcom Incthis Q New·—1q
- 25SMH0.7%$15MVaneck Semiconductor Etfthis Q New·—1q
- 26G8068L1080.7%$14MSharkninja Incthis Q -89%·5q
- 27HTZWW0.4%$9MHertz Global Hldgs Inc -cw51this Q hold·12q
- 28SPRY0.4%$8MArs Pharmaceuticals Incthis Q +80%·2q
- 29AUR0.2%$4MAurora Innovation Incthis Q hold·18q
- 30FLYX0.1%$2MFlyexclusive Incthis Q hold·10q
- 31CTEV<0.1%$719KClaritev Corpthis Q -70%·3q
- 32AUROW<0.1%$365KAurora Innovation Inc -cw28this Q hold·18q
- 33FLYX/WS<0.1%$88KEG Acquisition Corp-a -cw28this Q hold·10q
All activity (2026Q1)
| Ticker | Issuer | Move | % Port. | Δ Shares | Value |
|---|---|---|---|---|---|
| CRH | Crh Plc | TRIM | 9.6% | -27% | $200M |
| SGI | Somnigroup International Inc | TRIM | 8.1% | -33% | $168M |
| PCG | P G & E Corp | EXIT | 7.6% | -100% | $0 |
| NVDA | Nvidia Corp | TRIM | 1.6% | -94% | $33M |
| MSFT | Microsoft Corp | EXIT | 6.1% | -100% | $0 |
| CRS | Carpenter Technology | TRIM | 5.9% | -61% | $122M |
| UNP | Union Pacific Corp | TRIM | 1.2% | -94% | $24M |
| MTZ | Mastec Inc | TRIM | 4.9% | -65% | $103M |
| TSM | Taiwan Semiconductor-sp Adr | TRIM | 4.5% | -35% | $93M |
| APG | Api Group Corp | TRIM | 3.9% | -32% | $82M |
| BN | Brookfield Corp | EXIT | 3.9% | -100% | $0 |
| NSC | Norfolk Southern Corp | TRIM | 1.4% | -90% | $29M |
| COF | Capital One Financial Corp | TRIM | 1.2% | -87% | $26M |
| CASY | Casey's General Stores Inc | EXIT | 3.5% | -100% | $0 |
| LYV | Live Nation Entertainment IN | TRIM | 3.4% | -73% | $71M |
| CSGP | Costar Group Inc | EXIT | 2.9% | -100% | $0 |
| RKT | Rocket Cos Inc-class A | EXIT | 2.5% | -100% | $0 |
| LPLA | Lpl Financial Holdings Inc | EXIT | 2.5% | -100% | $0 |
| META | Meta Platforms Inc-class A | NEW | 2.5% | +100% | $51M |
| GOOGL | Alphabet Inc-cl A | NEW | 2.4% | +100% | $50M |
| CMG | Chipotle Mexican Grill Inc | EXIT | 2.4% | -100% | $0 |
| CEG | Constellation Energy | EXIT | 2.3% | -100% | $0 |
| VST | Vistra Corp | EXIT | 2.2% | -100% | $0 |
| GLD | Spdr Gold Shares | NEW | 2.0% | +100% | $41M |
| HUT | Hut 8 Corp | NEW | 2.0% | +100% | $41M |
| G8068L108 | Sharkninja Inc | TRIM | 0.7% | -89% | $14M |
| BABA | Alibaba Group Holding-sp Adr | EXIT | 1.7% | -100% | $0 |
| TDG | Transdigm Group Inc | NEW | 1.4% | +100% | $29M |
| FIX | Comfort Systems Usa Inc | EXIT | 1.3% | -100% | $0 |
| SPOT | Spotify Technology S A | EXIT | 0.8% | -100% | $0 |
| KLAC | Kla Corp | NEW | 0.8% | +100% | $16M |
| KVUE | Kenvue Inc | EXIT | 0.8% | -100% | $0 |
| LRCX | Lam Research Corp | NEW | 0.8% | +100% | $16M |
| ASML | Asml Hldg NV | NEW | 0.8% | +100% | $16M |
| AVGO | Broadcom Inc | NEW | 0.7% | +100% | $15M |
| SMH | Vaneck Semiconductor Etf | NEW | 0.7% | +100% | $15M |
| PGR | Progressive Corp | EXIT | 0.7% | -100% | $0 |
| TMO | Thermo Fisher Scientific Inc | EXIT | 0.4% | -100% | $0 |
| SPRY | Ars Pharmaceuticals Inc | ADD | 0.4% | +80% | $8M |
| WIX | Wix Com Ltd | EXIT | 0.3% | -100% | $0 |
| CSX | Csx Corp | EXIT | 0.2% | -100% | $0 |
| PCG 4.25 12/01/27 | Pg&e Corp | EXIT | 0.1% | -100% | $0 |
| CTEV | Claritev Corp | TRIM | <0.1% | -70% | $719K |
| PCG 6 12/01/27 A | Pg&e Corp | EXIT | 0.1% | -100% | $0 |
| BHC | Bausch Health Cos Inc | EXIT | <0.1% | -100% | $0 |
- TRIMCRH9.6%Crh PlcΔ -27%·$200M
- TRIMSGI8.1%Somnigroup International IncΔ -33%·$168M
- EXITPCG7.6%P G & E CorpΔ -100%·$0
- TRIMNVDA1.6%Nvidia CorpΔ -94%·$33M
- EXITMSFT6.1%Microsoft CorpΔ -100%·$0
- TRIMCRS5.9%Carpenter TechnologyΔ -61%·$122M
- TRIMUNP1.2%Union Pacific CorpΔ -94%·$24M
- TRIMMTZ4.9%Mastec IncΔ -65%·$103M
- TRIMTSM4.5%Taiwan Semiconductor-sp AdrΔ -35%·$93M
- TRIMAPG3.9%Api Group CorpΔ -32%·$82M
- EXITBN3.9%Brookfield CorpΔ -100%·$0
- TRIMNSC1.4%Norfolk Southern CorpΔ -90%·$29M
- TRIMCOF1.2%Capital One Financial CorpΔ -87%·$26M
- EXITCASY3.5%Casey's General Stores IncΔ -100%·$0
- TRIMLYV3.4%Live Nation Entertainment INΔ -73%·$71M
- EXITCSGP2.9%Costar Group IncΔ -100%·$0
- EXITRKT2.5%Rocket Cos Inc-class AΔ -100%·$0
- EXITLPLA2.5%Lpl Financial Holdings IncΔ -100%·$0
- NEWMETA2.5%Meta Platforms Inc-class AΔ +100%·$51M
- NEWGOOGL2.4%Alphabet Inc-cl AΔ +100%·$50M
- EXITCMG2.4%Chipotle Mexican Grill IncΔ -100%·$0
- EXITCEG2.3%Constellation EnergyΔ -100%·$0
- EXITVST2.2%Vistra CorpΔ -100%·$0
- NEWGLD2.0%Spdr Gold SharesΔ +100%·$41M
- NEWHUT2.0%Hut 8 CorpΔ +100%·$41M
- TRIMG8068L1080.7%Sharkninja IncΔ -89%·$14M
- EXITBABA1.7%Alibaba Group Holding-sp AdrΔ -100%·$0
- NEWTDG1.4%Transdigm Group IncΔ +100%·$29M
- EXITFIX1.3%Comfort Systems Usa IncΔ -100%·$0
- EXITSPOT0.8%Spotify Technology S AΔ -100%·$0
- NEWKLAC0.8%Kla CorpΔ +100%·$16M
- EXITKVUE0.8%Kenvue IncΔ -100%·$0
- NEWLRCX0.8%Lam Research CorpΔ +100%·$16M
- NEWASML0.8%Asml Hldg NVΔ +100%·$16M
- NEWAVGO0.7%Broadcom IncΔ +100%·$15M
- NEWSMH0.7%Vaneck Semiconductor EtfΔ +100%·$15M
- EXITPGR0.7%Progressive CorpΔ -100%·$0
- EXITTMO0.4%Thermo Fisher Scientific IncΔ -100%·$0
- ADDSPRY0.4%Ars Pharmaceuticals IncΔ +80%·$8M
- EXITWIX0.3%Wix Com LtdΔ -100%·$0
- EXITCSX0.2%Csx CorpΔ -100%·$0
- EXITPCG 4.25 12/01/270.1%Pg&e CorpΔ -100%·$0
- TRIMCTEV<0.1%Claritev CorpΔ -70%·$719K
- EXITPCG 6 12/01/27 A0.1%Pg&e CorpΔ -100%·$0
- EXITBHC<0.1%Bausch Health Cos IncΔ -100%·$0
Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0001040273). Not investment advice.