Third Point

Q2 2021 13F · by Daniel Loeb, CIO

As of: Jun 30, 2021
Filed: Aug 16, 2021
US stock: $17.1B · prev $14.8B
Positions: 125 · prev 124
Options notional: $0
Documents: 1· no amendments

Picture99.9% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 99.9%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.1%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves99 since the prior filing

+21.9 pp in · −18.4 pp out

New 34 +16.40 pp
Added 15 +5.47 pp
Trimmed 16 −6.96 pp
Exited 33 −11.45 pp

Options: 1 move on a notional base, in the table below.

The book

Focused · behaves like 29 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 58% a year, about 1.7 years per position

Low
Moderate
High

Top 5 positions30% of US stock

Positions125 in this filing · 33 exited


UPSTUpstart Holdings, Inc.	9.79%	13,381,222	$1.7B	held	—	3 q
SSentinelOne, Inc.	6.32%	25,362,482	$1.1B	new	+6.32 pp	new
PCGPG&E Corporation	4.88%	81,935,257	$833M	trimmed−1%	−1.67 pp	4 q
INTCIntel Corp	4.60%	14,000,000	$786M	added×14.0	+4.17 pp	3 q
DHRDanaher Corporation	4.50%	2,865,000	$769M	trimmed−1%	+0.10 pp	24 q
DISThe Walt Disney Company	4.27%	4,150,000	$729M	trimmed−1%	−0.95 pp	6 q
SOFISoFi Technologies, Inc.	3.25%	28,897,766	$554M	new	+3.25 pp	new
INTUIntuit Inc	3.16%	1,100,000	$539M	trimmed−8%	+0.06 pp	5 q
PSFEPaysafe Limited	2.94%	41,500,000	$503M	held	—	2 q
AMZNAmazon.Com Inc	2.92%	145,000	$499M	added+27%	+0.54 pp	7 q
GOOGLAlphabet Inc. Class A	2.86%	200,000	$488M	trimmed−5%	−0.06 pp	3 q
BURLBurlington Stores, Inc.	2.79%	1,480,000	$477M	trimmed−1%	−0.23 pp	9 q
CSGPCoStar Group Inc	2.75%	5,671,000	$470M	added+3%	−0.30 pp	2 q
MSFTMicrosoft Corp	2.54%	1,600,000	$433M	held	—	4 q
UBERUber Technologies, Inc.	2.45%	8,350,000	$419M	added+24%	−0.03 pp	2 q
SPGIS&P Global Inc.	2.40%	1,000,000	$410M	held	—	21 q
AVTRAvantor, Inc.	2.18%	10,500,000	$373M	trimmed−5%	+0.03 pp	4 q
VVISA Inc.	2.05%	1,500,000	$351M	held	—	13 q
METAMeta Platforms, Inc. Class A	2.04%	1,000,000	$348M	held	—	5 q
ELThe Estee Lauder Companies Inc. Class A	2.04%	1,095,000	$348M	added+13%	+0.15 pp	3 q
0C3Endeavor Group Hold-class A	2.03%	12,500,000	$346M	new	+2.03 pp	new
DELLDell Technologies Inc.	1.84%	3,145,321	$313M	added+57%	+0.65 pp	2 q
IQVIQVIA Holdings Inc.	1.77%	1,250,000	$303M	trimmed−31%	−0.59 pp	12 q
TDGTransDigm Group Incorporated	1.71%	450,000	$291M	trimmed−7%	−0.21 pp	4 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	1.41%	600,000	$240M	held	—	3 q
JDJD.com, Inc.	1.36%	2,900,000	$231M	trimmed−12%	−0.52 pp	5 q
DDDuPont de Nemours, Inc.	1.35%	2,975,000	$230M	added+11%	−0.04 pp	2 q
9991429DAptiv Irish Holdings Ltd	1.20%	1,300,000	$205M	trimmed−16%	−0.24 pp	3 q
0VQJLTe Connectivity Ltd	1.20%	1,510,000	$204M	trimmed−3%	−0.15 pp	6 q
RHRh	1.14%	287,541	$195M	added+4%	+0.02 pp	3 q
DIDIYDidi Global Inc S/	1.08%	13,079,728	$185M	new	+1.08 pp	new
unresolvedLeslies Inc	0.99%	6,150,000	$169M	held	—	3 q
SUSuncor Energy, Inc.	0.98%	7,000,000	$168M	added+17%	+0.13 pp	2 q
BKIBlack Knight, Inc.	0.82%	1,800,000	$140M	added+6%	−0.03 pp	5 q
unresolvedCano Health Inc	0.79%	11,084,192	$134M	new	+0.79 pp	new
CTLTCatalent, Inc.	0.78%	1,225,000	$132M	held	—	3 q
ZBHZimmer Biomet Holdings, Inc.	0.75%	800,000	$129M	new	+0.75 pp	new
unresolvedGlobal Blue Group Holding AG	0.53%	9,117,625	$90M	held	—	4 q
PG&E Corpconvertible	0.48%	800,000	$81M	held	—	4 q
PTONPeloton Interactive, Inc. Class A	0.44%	600,000	$74M	new	+0.44 pp	new
AESAES Corporation	0.42%	2,750,000	$72M	added+49%	+0.09 pp	2 q
CHTRCharter Comm Inc Del CL A New	0.36%	85,000	$61M	trimmed−87%	−2.34 pp	6 q
Aes CORP/THEconvertible	0.32%	500,000	$54M	held	—	2 q
SLViShares Silver Trust	0.28%	2,000,000	$48M	held	—	2 q
RADIGRadius Global Infrastructu-a	0.28%	3,239,901	$47M	trimmed−28%	−0.17 pp	3 q
unresolvedAusterlitz Acquisition Corp II	0.23%	4,000,000	$39M	new	+0.23 pp	new
JWSMFJaws Mustang Acq Corp A	0.23%	4,000,000	$39M	new	+0.23 pp	new
AURAurora Innovation, Inc. Class A	0.23%	4,000,000	$40M	new	+0.23 pp	new
unresolvedFintech Acquisition Corp V	0.21%	3,000,000	$37M	held	—	2 q
unresolvedRice Acquisition Corp	0.19%	1,770,000	$32M	added+77%	+0.12 pp	2 q
unresolvedGo Acquisition Corp	0.17%	3,000,000	$29M	held	—	2 q
KDMNKadmon Holdings, Inc.	0.17%	7,601,115	$29M	held	—	20 q
AVANAvanti Acquisition Corp-a	0.17%	3,000,000	$29M	held	—	2 q
unresolvedCompute Health Acquisitin Co	0.14%	2,500,000	$25M	held	—	2 q
unresolvedKhosla Ventures Acqut Co III	0.14%	2,500,000	$25M	held	—	2 q
unresolvedKhosla Ventures Acqustn Co I	0.13%	2,250,000	$22M	held	—	2 q
unresolvedFar Peak Acquisition Corp	0.12%	2,000,000	$20M	held	—	2 q
unresolvedVy Global Growth	0.12%	2,000,000	$20M	held	—	2 q
unresolvedCm Life Sciences Inc	0.11%	1,295,000	$18M	held	—	2 q
unresolvedAltimeter Growth Corp	0.11%	1,600,000	$19M	held	—	2 q
unresolvedBluescape Opportunities Acqu	0.11%	1,982,099	$19M	trimmed−1%	−0.02 pp	2 q
CRHCCohn Robbins Holdings-cl A	0.11%	1,900,000	$19M	held	—	2 q
unresolvedFirstmark Horizon Acquisitio	0.10%	1,750,000	$17M	added+6%	−0.01 pp	2 q
unresolvedIon Acquisition Corp 3 Ltd	0.10%	1,800,000	$18M	new	+0.10 pp	new
unresolvedLogistics Innovtn Technlgs C	0.09%	1,500,000	$15M	new	+0.09 pp	new
unresolvedRice Acquisition Corp II	0.09%	1,500,000	$15M	new	+0.09 pp	new
unresolvedVector Acquisition Corp II	0.09%	1,500,000	$15M	held	—	2 q
unresolvedCm Life Sciences III Inc	0.08%	1,300,000	$14M	new	+0.08 pp	new
unresolvedTlg Acquisition One Corp	0.08%	1,500,000	$15M	held	—	2 q
unresolvedAltimeter Growth Corp 2	0.08%	1,285,000	$13M	held	—	2 q
unresolvedAusterlitz Acquisition Corp	0.08%	1,300,000	$13M	new	+0.08 pp	new
unresolvedLerer Hippeau Acquisition Co	0.07%	1,250,000	$12M	held	—	2 q
unresolvedZimmer Energy Transition Acq	0.07%	1,250,000	$13M	new	+0.07 pp	new
unresolvedDragoneer Growth Opt Corp II	0.07%	1,200,000	$12M	held	—	2 q
unresolvedFifth Wall Acquisitn Corp II	0.07%	1,250,000	$12M	new	+0.07 pp	new
unresolvedReinvent Technology Partners	0.07%	1,200,000	$12M	held	—	2 q
unresolvedEg Acquisition Corp	0.06%	1,102,500	$11M	new	+0.06 pp	new
unresolvedHumanco Acquisition Corp	0.06%	1,000,000	$10M	held	—	2 q
unresolvedJaws Hurricane Acquisitn Cor	0.06%	1,000,000	$10M	new	+0.06 pp	new
unresolvedSocial Leverage Acquisn Corp	0.06%	1,000,000	$10M	new	+0.06 pp	new
unresolvedDisruptive Acquisition Corp	0.06%	1,000,000	$10M	held	—	2 q
unresolvedValor Latitude Acquisitn Cor	0.06%	1,000,000	$10M	new	+0.06 pp	new
unresolvedNightdragon Acquisition Corp	0.05%	800,000	$8M	new	+0.05 pp	new
unresolvedDragoneer Growth Oppty Corp	0.05%	780,000	$8M	held	—	3 q
unresolvedLevere Holdings Corp	0.05%	800,000	$8M	held	—	2 q
unresolvedSvf Investment Corp 3	0.05%	800,000	$8M	held	—	2 q
SHYiShares 1-3 Year Treasury Bond ETF	0.04%	71,080	$6M	added+12%	0.00 pp	15 q
unresolvedTishman Speyer Innovation Co	0.04%	750,000	$7M	new	+0.04 pp	new
unresolvedMedicus Sciences Acquisition	0.04%	790,000	$8M	new	+0.04 pp	new
unresolvedTpg Pace Ben Fin Corp	0.04%	500,000	$6M	new	+0.04 pp	new
unresolvedHamilton Lane Alliance Hldgs	0.03%	500,000	$5M	held	—	2 q
unresolvedThe Music Acquisition Corp	0.03%	500,000	$5M	held	—	2 q
unresolvedAngel Pond Holdings Corp	0.03%	500,000	$5M	new	+0.03 pp	new
unresolvedCc Neuberger Principal Holdn	0.03%	500,000	$5M	held	—	2 q
unresolvedLdh Growth Corp I	0.03%	500,000	$5M	held	—	2 q
unresolvedPaysafe Limited	0.03%	1,666,666	$6M	held	—	2 q
SLMUFSlam Corp Uts	0.03%	500,000	$5M	held	—	2 q
unresolvedGores Holdings Vi Inc	0.02%	216,391	$4M	trimmed−13%	0.00 pp	2 q
unresolvedRice Acquisition Corp	0.02%	510,000	$3M	held	—	2 q
unresolvedSvf Investment Corp 2	0.02%	300,000	$3M	held	—	2 q
unresolvedCompute Health Acquisitin Co	0.01%	625,000	$944,000	held	—	2 q
unresolvedGo Acquisition Corp	0.01%	1,000,000	$1M	held	—	2 q
unresolvedAltimeter Growth Corp	0.01%	300,000	$957,000	held	—	2 q
unresolvedAusterlitz Acquisition Corp	0.01%	1,000,000	$1M	new	+0.01 pp	new
unresolvedAvanti Acquisition Corp	0.01%	1,500,000	$2M	held	—	2 q
unresolvedBluescape Opportunities Acqu	0.01%	1,000,000	$1M	held	—	2 q
unresolvedBridgetown 2 Holdings Ltd	0.01%	175,000	$2M	held	—	2 q
unresolvedCohn Robbins Holdings Corp	0.01%	833,332	$975,000	held	—	2 q
unresolvedFar Peak Acquisition Corp	0.01%	666,666	$947,000	held	—	2 q
JWSWFJaws Mustang Acq Corp Wts	0.01%	1,000,000	$1M	new	+0.01 pp	new
unresolvedReinvent Technology Partners	0.01%	750,000	$1M	held	—	2 q
AUROWAurora Innovation, Inc.	0.01%	500,000	$900,000	new	+0.01 pp	new
unresolvedSocial Capital Hedosopha Hld	0.01%	687,500	$1M	held	—	2 q
TMCWWTMC the metals company Inc.	0.01%	1,000,000	$1M	added×2.0	+0.01 pp	2 q
unresolvedGlobal Blue Group Holding AG	0.01%	1,333,333	$2M	held	—	4 q
unresolvedFirstmark Horizon Acquisitio	0.00%	505,000	$775,000	held	—	2 q
unresolvedHumanco Acquisition Corp	0.00%	500,000	$595,000	held	—	2 q
unresolvedNightdragon Acquisition Corp	0.00%	160,000	$227,000	new	0.00 pp	new
unresolvedSocial Leverage Acquisn Corp	0.00%	250,000	$272,000	new	0.00 pp	new
unresolvedTlg Acquisition One Corp	0.00%	500,000	$396,000	held	—	2 q
unresolvedTishman Speyer Innovation Co	0.00%	150,000	$190,000	new	0.00 pp	new
unresolvedAusterlitz Acquisition Corp	0.00%	325,000	$562,000	new	0.00 pp	new
unresolvedMedicus Sciences Acquisition	0.00%	87,774	$89,000	new	0.00 pp	new
unresolvedReinvent Technology Partners	0.00%	240,000	$434,000	held	—	2 q
unresolvedSocial Capital Hedosopha Hld	0.00%	287,500	$699,000	held	—	2 q
IAA-WUSDIaa Inc	—	−8,698,694	—	exited	−3.23 pp	—
RACEFerrari N.V.	—	−985,000	—	exited	−1.39 pp	—
KMXCarMax Inc.	—	−1,100,000	—	exited	−0.98 pp	—
ZZillow Group, Inc. Class C	—	−1,085,000	—	exited	−0.95 pp	—
SHOPShopify Inc. Class A subordinate voting shares	—	−120,000	—	exited	−0.90 pp	—
CVNACarvana Co.	—	−400,000	—	exited	−0.71 pp	—
ETRNEquitrans Midstream Corporation	—	−9,000,000	—	exited	−0.50 pp	—
NYTNew York Times Co.	—	−1,260,713	—	exited	−0.43 pp	—
unresolvedContextlogic Inc	—	−3,853,050	—	exited	−0.40 pp	—
unresolvedAusterlitz Acquisition Corp	—	−4,000,000	—	exited	−0.27 pp	—
JWSUFJaws Mustang Acq Corp Uts	—	−4,000,000	—	exited	−0.27 pp	—
unresolvedReinvent Technology Partners	—	−4,000,000	—	exited	−0.27 pp	—
RKTRocket Companies, Inc.	—	−1,500,000	—	exited	−0.23 pp	—
unresolvedJaws Acquisition Corp	—	−2,084,192	—	exited	−0.19 pp	—
unresolvedAusterlitz Acquisition Corp	—	−1,300,000	—	exited	−0.09 pp	—
unresolvedMarquee Raine Acquisition Co	—	−1,400,000	—	exited	−0.09 pp	—
unresolvedKhosla Ventures Acquisition	—	−1,000,000	—	exited	−0.07 pp	—
unresolvedSocial Leverage Acquisn Corp	—	−1,000,000	—	exited	−0.07 pp	—
unresolvedArclight Clean Transition II	—	−1,000,000	—	exited	−0.07 pp	—
IACB.UIon Acquisition Corp 2 Ltd	—	−1,000,000	—	exited	−0.07 pp	—
unresolvedNightdragon Acquisition Corp	—	−800,000	—	exited	−0.06 pp	—
unresolvedTishman Speyer Innovation Co	—	−750,000	—	exited	−0.05 pp	—
unresolvedMedicus Sciences Acquisition	—	−790,000	—	exited	−0.05 pp	—
unresolvedFigure Acquisition Corp I	—	−350,000	—	exited	−0.02 pp	—
unresolvedFifth Wall Acquisition Corp	—	−250,000	—	exited	−0.02 pp	—
unresolvedHH&L Acquisition Co	—	−300,000	—	exited	−0.02 pp	—
unresolvedClimate Real Impact Slutins	—	−175,000	—	exited	−0.01 pp	—
unresolvedDecarbonization Plus Acqu II	—	−165,000	—	exited	−0.01 pp	—
unresolvedStar Peak Corp II	—	−200,000	—	exited	−0.01 pp	—
SUMOSumo Logic, Inc.	—	−75,000	—	exited	−0.01 pp	—
unresolvedDiversey Hldgs Ltd	—	−94,173	—	exited	−0.01 pp	—
VLDXWVELO3D Inc Wts	—	−98,333	—	exited	0.00 pp	—
unresolvedMarquee Raine Acquisition Co	—	−350,000	—	exited	0.00 pp	—