13F · As of Q2 2026 · filed 2026-08-14 · compared with Q1 2026

Third Point

Dan Loeb's activist fund

Third Point reported 43 US-listed positions worth $4.7B at the end of Q2 2026. The top three — Warner Bros Discovery (11.4%), Amazon (8.91%), Alphabet (7.83%) — make up 28.1% of the portfolio. Against Q1 2026 it opened 18 new positions, sold out of 9, added to 13 and trimmed 4.

$4.7BReported value
43Positions
18 / 9New / Sold out

New positions

18
SecurityTickerValue ($)WeightSharesvs prior quarter
Warner Bros DiscoveryWBD 533M11.4%20,000,000 New
Keysight TechnologiesKEYS 205M4.38%585,000 New
BlockXYZ 194M4.16%2,558,943 New
FFlex— 167M3.57%1,030,000 New
Ttm TechnologiesTTMI 94.4M2.02%505,000 New
Performance Food GroupPFGC 75.5M1.61%675,000 New
AAlphabet— 66.2M1.41%1,300,000 New
SyscoSYY 48.2M1.03%580,000 New
Ares ManagementARES 41.7M0.89%375,000 New
Space Exploration TechnSPCX 30.8M0.66%180,415 New
AAlphabet— 10.1M0.21%200,000 New
RRiot Platforms— 7.0M0.15%3,500,000 New
Bausch Plus LombBLCO 1.4M0.03%85,000 New
Core ScientificCORZ 1.4M0.03%54,000 New
ErockEROC 1.2M0.03%83,030 New
Applied DigitalAPLD 0.8M0.02%22,000 New
LLithium Argentina— 0.6M0.01%625,000 New
WolfspeedWOLF 0.5M0.01%10,000 New

Sold out

9
SecurityTickerValue ($)WeightSharesvs prior quarter
Meta PlatformsMETA 51.5M—90,000 Sold out
Spdr Gold TrGLD 40.9M—95,000 Sold out
NvidiaNVDA 33.1M—190,000 Sold out
KLAKLAC 16.2M—11,000 Sold out
Lam ResearchLRCX 16.0M—75,000 Sold out
BroadcomAVGO 15.5M—50,000 Sold out
Vaneck ETF TrustSMH 15.3M—40,000 Sold out
SSharkninja— 13.8M—130,509 Sold out
ClaritevCTEV 0.7M—44,000 Sold out

Added to

13
SecurityTickerValue ($)WeightSharesvs prior quarter
AlphabetGOOGL 366M7.83%1,025,000 ▲ 486%
CCrh— 235M5.02%2,195,000 ▲ 16%
Taiwan Semiconductor ManufacTSM 220M4.69%460,000 ▲ 67%
Live Nation Entertainment InLYV 208M4.44%1,135,000 ▲ 144%
Somnigroup InternationalSGI 202M4.31%2,570,769 ▲ 13%
Norfolk SouthnNSC 189M4.03%600,000 ▲ 500%
Capital One FinlCOF 166M3.54%825,000 ▲ 489%
Hut 8HUT 152M3.24%1,315,000 ▲ 51%
Api GroupAPG 121M2.59%2,865,000 ▲ 41%
Transdigm GroupTDG 105M2.25%79,000 ▲ 216%
DanaherDHR 103M2.20%540,000 ▲ 3%
Union PacUNP 95.2M2.03%350,000 ▲ 250%
AAsml Hldg— 59.6M1.27%30,000 ▲ 150%

Trimmed

4
SecurityTickerValue ($)WeightSharesvs prior quarter
AmazonAMZN 417M8.91%1,750,000 ▼ 10%
Telephone & Data SysTDS 232M4.96%6,275,000 ▼ 5%
Carpenter TechnologyCRS 133M2.83%215,000 ▼ 31%
MastecMTZ 121M2.58%290,000 ▼ 9%

All holdings

43
CSV ↓
SecurityTickerValue ($)WeightSharesvs prior quarter
Warner Bros DiscoveryWBD 533M11.4%20,000,000 New
AmazonAMZN 417M8.91%1,750,000 ▼ 10%
AlphabetGOOGL 366M7.83%1,025,000 ▲ 486%
CCrh— 235M5.02%2,195,000 ▲ 16%
Telephone & Data SysTDS 232M4.96%6,275,000 ▼ 5%
Taiwan Semiconductor ManufacTSM 220M4.69%460,000 ▲ 67%
Live Nation Entertainment InLYV 208M4.44%1,135,000 ▲ 144%
Keysight TechnologiesKEYS 205M4.38%585,000 New
Somnigroup InternationalSGI 202M4.31%2,570,769 ▲ 13%
BlockXYZ 194M4.16%2,558,943 New
Norfolk SouthnNSC 189M4.03%600,000 ▲ 500%
FFlex— 167M3.57%1,030,000 New
Capital One FinlCOF 166M3.54%825,000 ▲ 489%
Hut 8HUT 152M3.24%1,315,000 ▲ 51%
Carpenter TechnologyCRS 133M2.83%215,000 ▼ 31%
Api GroupAPG 121M2.59%2,865,000 ▲ 41%
MastecMTZ 121M2.58%290,000 ▼ 9%
Transdigm GroupTDG 105M2.25%79,000 ▲ 216%
DanaherDHR 103M2.20%540,000 ▲ 3%
Union PacUNP 95.2M2.03%350,000 ▲ 250%
Ttm TechnologiesTTMI 94.4M2.02%505,000 New
Performance Food GroupPFGC 75.5M1.61%675,000 New
AAlphabet— 66.2M1.41%1,300,000 New
AAsml Hldg— 59.6M1.27%30,000 ▲ 150%
SyscoSYY 48.2M1.03%580,000 New
Ares ManagementARES 41.7M0.89%375,000 New
Space Exploration TechnSPCX 30.8M0.66%180,415 New
State Str Spdr S&P 500 ETF T (PUT)SPY 28.8M0.62%40,000 New
Strata Critical MedicalSRTA 26.4M0.56%5,000,000 –
AAlphabet— 10.1M0.21%200,000 New
Ars PharmaceuticalsSPRY 8.0M0.17%1,000,000 –
Aurora InnovationAUR 7.0M0.15%1,032,463 –
RRiot Platforms— 7.0M0.15%3,500,000 New
Hertz GlobalHTZWW 4.3M0.09%3,970,000 –
FlyexclusiveFLYX 2.0M0.04%1,022,000 –
Bausch Plus LombBLCO 1.4M0.03%85,000 New
Core ScientificCORZ 1.4M0.03%54,000 New
ErockEROC 1.2M0.03%83,030 New
Applied DigitalAPLD 0.8M0.02%22,000 New
LLithium Argentina— 0.6M0.01%625,000 New
Aurora InnovationAUROW 0.6M0.01%1,835,000 –
WolfspeedWOLF 0.5M0.01%10,000 New
FlyexclusiveFLYX-WS 0.1M0.00%367,499 –
Top 10 holdings by weight · Q2 2026
Warner B…11.4%Amazon8.91%Alphabet7.83%Crh5.02%Telephon…4.96%Taiwan S…4.69%Live Nat…4.44%Keysight…4.38%Somnigro…4.31%Block4.16%

If you had bought then

Q1 2026 → Q2 2026

Bought Third Point's top 10 holdings at the end of Q1 2026, in its weights, and they were +12.0% by the end of Q2 2026. The S&P 500 ETF (SPY) moved +14.8% over the same dates.

+12.0%Top 10, weighted
+14.8%S&P 500 (SPY)
-2.8%pDifference
StockWeightQ1 2026 endQ2 2026 endChange
Amazon
24.9%$208.27$238.34+14.4%
Telephone & Data Sys
17.1%$42.10$37.01-12.1%
CCrh
12.3%$105.12$107.00+1.8%
Somnigroup International
10.4%$73.92$78.40+6.1%
Carpenter Technology
7.54%$394.15$616.84+56.5%
Mastec
6.35%$321.74$416.06+29.3%
Danaher
6.14%$189.60$190.48+0.5%
Taiwan Semiconductor Manufac
5.74%$337.95$477.57+41.3%
Api Group
5.08%$40.52$42.35+4.5%
Live Nation Entertainment In
4.38%$152.51$183.11+20.1%

Prices are the quarter-end values reported in 13F filings (value ÷ shares, median across tracked filers), adjusted for confirmed splits; dividends excluded. 13F shows only quarter-end holdings, so this is not the investor's actual return. Past performance does not indicate future results.

Questions

What is Third Point's largest holding?

Warner Bros Discovery, 11.4% of reported US holdings ($533M) at the end of Q2 2026.

What did Third Point buy last quarter?

18 new positions, largest: Warner Bros Discovery, Keysight Technologies, Block.

What did Third Point sell out of?

9 positions, including Meta Platforms, Spdr Gold Tr, Nvidia.

How current is this data?

It is Third Point's Form 13F for the quarter ending 2026-06-30, filed 2026-08-14. 13F filings are due 45 days after quarter end and list US-listed long positions only.

Restated and computed from SEC (13F, 13D/G, Form 4) and DART filings and NPS public data. Filings describe a past date and may differ from current holdings (13F: quarter end, up to 45 days later). Not investment advice.
Sources: SEC EDGAR, DART, data.go.kr (NPS), OpenFIGI. See Methodology for how figures are computed.