Daniel Loeb
Third Point
Daniel Loeb (Third Point) discloses a $2.08B portfolio across 33 US-listed positions in the latest 13F filing (2026Q1, filed May 15, 2026). The largest holding is AMZN at 19.4% of the book. The biggest move of the quarter: trimmed the CRH share count by 27% (position now $200M). Latticework's clone backtest puts this 13F book at -5.1%/yr vs SPY over 12.0 years.
About Daniel Loeb
Daniel Loeb founded Third Point in 1995 and built its reputation on event-driven, concentrated equity investing combined with activist pressure — the combination of shareholder letters and SEC filings that rattled boards at Sony, Nestlé, and Shell became a genre unto themselves. The 13F reflects a highly concentrated long book (top five positions accounting for roughly 56% of disclosed equity value as of 2026 Q1), but it captures only one dimension of a strategy that routinely incorporates credit, structured products, SPACs, and hedges that never appear in the filing. Third Point's credit and macro overlays have historically been material contributors to performance, meaning the equity sleeve shown here understates both the complexity and the risk management of the actual fund. Readers should also note that Third Point manages meaningful assets offshore and in separately managed accounts, so the $2.1B 13F footprint is a partial view. The backtest's roughly -5% annual drag versus SPY over twelve years reflects, in part, that cost of running a hedged, multi-asset book against a raw equity benchmark.
2026Q1 brief
Daniel Loeb's Third Point had one of its most active quarters, with $2.08B in reported U.S. equities reflecting sharp rotation away from last year's infrastructure and software themes. Six positions were fully exited — most notably PCG (7.6% of prior portfolio), MSFT (6.1%), and BN (3.9%) — while CRS and MTZ were cut by 61% and 65% respectively, suggesting Loeb is cooling on the domestic infrastructure/construction trade. In their place, Loeb initiated META (2.5%), GOOGL (2.4%), GLD (2.0%), and crypto-adjacent HUT (2.0%), a notable cluster that combines mega-cap tech re-entry with hard-asset hedging — possibly a macro read on dollar weakness and AI monetization. AMZN remains the top holding at 19.4%, and TDS (13.3%) holds as the second-largest, an ongoing telecom activist play. CRH was trimmed 27% but stays at 9.6%. The simultaneous gold and Bitcoin-miner buys alongside Big Tech re-entry look like a barbell hedge. Watch whether the GLD/HUT allocation expands in Q2 as a signal of Loeb's evolving macro conviction.
AI-generated. Not investment advice.
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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 |
- 1AMZNport19.4%val$404MAmazon.com Incthis Q hold·22q
- 2TDSport13.3%val$278MTelephone And Data Systemsthis Q hold·11q
- 3CRHport9.6%val$200MCrh Plcthis Q -27%·8q
- 4SGIport8.1%val$168MSomnigroup International Incthis Q -33%·3q
- 5CRSport5.9%val$122MCarpenter Technologythis Q -61%·7q
- 6MTZport4.9%val$103MMastec Incthis Q -65%·3q
- 7DHRport4.8%val$100MDanaher Corpthis Q hold·39q
- 8TSMport4.5%val$93MTaiwan Semiconductor-sp Adrthis Q -35%·12q
- 9APGport3.9%val$82MApi Group Corpthis Q -32%·2q
- 10LYVport3.4%val$71MLive Nation Entertainment INthis Q -73%·8q
- 11METAport2.5%val$51MMeta Platforms Inc-class Athis Q New·24q
- 12GOOGLport2.4%val$50MAlphabet Inc-cl Athis Q New·19q
- 13GLDport2.0%val$41MSpdr Gold Sharesthis Q New·—1q
- 14HUTport2.0%val$41MHut 8 Corpthis Q New·—1q
- 15NVDAport1.6%val$33MNvidia Corpthis Q -94%·6q
- 16TDGport1.4%val$29MTransdigm Group Incthis Q New·11q
- 17NSCport1.4%val$29MNorfolk Southern Corpthis Q -90%·3q
- 18COFport1.2%val$26MCapital One Financial Corpthis Q -87%·6q
- 19UNPport1.2%val$24MUnion Pacific Corpthis Q -94%·6q
- 20SRTAport1.0%val$21MStrata Critical Medical Incthis Q hold·3q
- 21KLACport0.8%val$16MKla Corpthis Q New·—1q
- 22LRCXport0.8%val$16MLam Research Corpthis Q New·—1q
- 23ASMLport0.8%val$16MAsml Hldg NVthis Q New·2q
- 24AVGOport0.7%val$15MBroadcom Incthis Q New·—1q
- 25SMHport0.7%val$15MVaneck Semiconductor Etfthis Q New·—1q
- 26G8068L108port0.7%val$14MSharkninja Incthis Q -89%·5q
- 27HTZWWport0.4%val$9MHertz Global Hldgs Inc -cw51this Q hold·12q
- 28SPRYport0.4%val$8MArs Pharmaceuticals Incthis Q +80%·2q
- 29AURport0.2%val$4MAurora Innovation Incthis Q hold·18q
- 30FLYXport0.1%val$2MFlyexclusive Incthis Q hold·10q
- 31CTEVport<0.1%val$719KClaritev Corpthis Q -70%·3q
- 32AUROWport<0.1%val$365KAurora Innovation Inc -cw28this Q hold·18q
- 33FLYX/WSport<0.1%val$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
Frequently asked questions
- What stocks does Daniel Loeb own?
- As of 2026Q1, Daniel Loeb's 13F discloses 33 positions worth $2.08B. The top five holdings: AMZN (19.4%), TDS (13.3%), CRH (9.6%), SGI (8.1%), CRS (5.9%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.
- What did Daniel Loeb buy this quarter?
- In 2026Q1, the filing shows 10 new positions and 1 addition to existing holdings. The largest positions touched by buying: META, GOOGL, GLD, HUT, TDG.
- How big is Daniel Loeb's portfolio?
- $2.08B across 33 positions per the latest 13F (filed May 15, 2026). The top five holdings account for 56% of the disclosed book.
Explore more
Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0001040273). Not investment advice.