Third Point

Q4 2021 13F · by Daniel Loeb, CIO

As of: Dec 31, 2021
Filed: Feb 14, 2022
US stock: $14.3B · prev $18.3B
Positions: 91 · prev 112
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

+28.4 pp in · −35.8 pp out

New 26 +17.22 pp
Added 16 +11.17 pp
Trimmed 10 −16.54 pp
Exited 47 −19.22 pp

The book

Focused · behaves like 25 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 86% a year, about 1.2 years per position

Low
Moderate
High

Top 5 positions33% of US stock

S SentinelOne, Inc. held held9.4%
DHR Danaher Corporation added+1.90 pp added+1.906.7%
PCG PG&E Corporation trimmed+2.23 pp trimmed+2.236.5%
AMZN Amazon.Com Inc added+2.15 pp added+2.155.5%
INTU Intuit Inc added+1.93 pp added+1.935.2%

Positions91 in this filing · 47 exited


SSentinelOne, Inc.	9.42%	26,712,482	$1.3B	held	—	3 q
DHRDanaher Corporation	6.66%	2,900,000	$954M	added+1%	+1.90 pp	26 q
PCGPG&E Corporation	6.53%	77,000,000	$935M	trimmed−6%	+2.23 pp	6 q
AMZNAmazon.Com Inc	5.47%	235,000	$784M	added+27%	+2.15 pp	9 q
INTUIntuit Inc	5.17%	1,150,000	$740M	added+5%	+1.93 pp	7 q
GOOGLAlphabet Inc. Class A	4.29%	212,000	$614M	held	—	5 q
UPSTUpstart Holdings, Inc.	4.23%	4,000,000	$605M	trimmed−68%	−17.21 pp	5 q
MSFTMicrosoft Corp	3.76%	1,600,000	$538M	held	—	6 q
ACNAccenture PLC	3.62%	1,250,000	$518M	new	+3.62 pp	new
SPGIS&P Global Inc.	3.30%	1,000,000	$472M	held	—	23 q
AVTRAvantor, Inc.	3.18%	10,800,000	$455M	held	—	6 q
CSGPCoStar Group Inc	3.14%	5,687,819	$450M	held	—	4 q
BURLBurlington Stores, Inc.	3.01%	1,480,000	$431M	trimmed−6%	+0.56 pp	11 q
RIVNRivian Automotive, Inc. Class A	2.85%	4,046,572	$408M	new	+2.85 pp	new
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	2.77%	790,000	$397M	added+16%	+1.32 pp	5 q
IQVIQVIA Holdings Inc.	2.61%	1,325,000	$374M	added+6%	+0.97 pp	14 q
DISThe Walt Disney Company	2.16%	2,000,000	$310M	trimmed−52%	−1.68 pp	8 q
RHRh	2.00%	535,000	$287M	added+78%	+0.91 pp	5 q
DDDuPont de Nemours, Inc.	1.87%	3,310,607	$267M	added+11%	+0.77 pp	4 q
CTLTCatalent, Inc.	1.72%	1,925,000	$246M	added+40%	+0.72 pp	5 q
EXPEExpedia Group, Inc.	1.65%	1,307,359	$236M	new	+1.65 pp	new
TDGTransDigm Group Incorporated	1.45%	326,878	$208M	trimmed−27%	−0.09 pp	6 q
DELLDell Technologies Inc.	1.41%	3,600,000	$202M	added+7%	−0.50 pp	4 q
ALGNAlign Technology Inc	1.38%	300,000	$197M	new	+1.38 pp	new
HTZHertz Global Holdings, Inc	1.05%	5,995,465	$150M	new	+1.05 pp	new
AESAES Corporation	0.98%	5,750,000	$140M	added+53%	+0.51 pp	4 q
unresolvedLeslies Inc	0.98%	5,950,000	$141M	trimmed−3%	+0.29 pp	5 q
ZENZendesk Inc	0.95%	1,304,400	$136M	new	+0.95 pp	new
CCKCrown Holdings Inc.	0.77%	1,000,000	$111M	new	+0.77 pp	new
EQTEqt Corp	0.76%	4,975,000	$109M	new	+0.76 pp	new
COUPCoupa Software Incorporated	0.72%	650,000	$103M	new	+0.72 pp	new
unresolvedCano Health Inc	0.70%	11,284,192	$101M	added+2%	−0.07 pp	3 q
CMCSAComcast Corp	0.70%	2,000,000	$101M	new	+0.70 pp	new
PG&E Corpconvertible	0.65%	800,000	$93M	held	—	6 q
ALITAlight, Inc.	0.63%	8,372,080	$91M	trimmed−51%	−0.44 pp	2 q
9900123DPerimeter Solutions SA	0.63%	6,450,000	$90M	new	+0.63 pp	new
CFCF Industries Holding, Inc.	0.62%	1,244,477	$88M	added+24%	+0.32 pp	2 q
GRABGrab Holdings Limited Class A	0.62%	12,408,903	$88M	new	+0.62 pp	new
VTYXVentyx Biosciences, Inc.	0.58%	4,312,834	$83M	new	+0.58 pp	new
LFGArchaea Energy Inc	0.57%	4,454,110	$81M	added+4%	+0.13 pp	2 q
OPENOpendoor Technologies Inc	0.39%	3,775,000	$55M	new	+0.39 pp	new
unresolvedGlobal Blue Group Holding AG	0.38%	8,580,069	$55M	held	—	6 q
Aes CORP/THEconvertible	0.34%	500,000	$48M	held	—	4 q
75ZSoho House & Co Inc	0.33%	3,750,000	$48M	held	—	2 q
JWSMFJaws Mustang Acq Corp A	0.27%	4,000,000	$39M	held	—	3 q
unresolvedGo Acquisition Corp	0.21%	3,000,000	$30M	held	—	4 q
AVANAvanti Acquisition Corp-a	0.21%	3,000,000	$29M	held	—	4 q
unresolvedCompute Health Acquisitin Co	0.17%	2,500,000	$24M	held	—	4 q
unresolvedKhosla Ventures Acqut Co III	0.14%	2,000,000	$20M	trimmed−20%	+0.01 pp	4 q
unresolvedBlue Whale Acquisition Corp I	0.14%	2,000,000	$19M	new	+0.14 pp	new
SMFRGeneDx Holdings Corp. Class A	0.13%	4,295,000	$19M	added+54%	+0.01 pp	2 q
CRHCCohn Robbins Holdings-cl A	0.13%	1,900,000	$19M	held	—	4 q
unresolvedFirstmark Horizon Acquisitio	0.12%	1,750,000	$17M	held	—	4 q
unresolvedIon Acquisition Corp 3 Ltd	0.12%	1,800,000	$18M	held	—	3 q
unresolvedTpg Pace Ben Fin Corp	0.12%	1,700,000	$17M	added×3.1	+0.09 pp	3 q
APONApollo Asset Management Inc	0.10%	200,000	$14M	new	+0.10 pp	new
unresolvedRice Acquisition Corp II	0.10%	1,500,000	$15M	new	+0.10 pp	new
unresolvedVector Acquisition Corp II	0.10%	1,420,595	$14M	trimmed−5%	+0.02 pp	4 q
unresolvedLerer Hippeau Acquisition Co	0.09%	1,250,000	$12M	held	—	4 q
unresolvedAltimeter Growth Corp 2	0.09%	1,285,000	$13M	held	—	4 q
unresolvedDragoneer Growth Opt Corp II	0.08%	1,200,000	$12M	held	—	4 q
unresolvedEg Acquisition Corp	0.07%	1,102,500	$11M	new	+0.07 pp	new
unresolvedJaws Hurricane Acquisitn Cor	0.07%	992,739	$10M	new	+0.07 pp	new
unresolvedLogistics Innovtn Technlgs C	0.07%	1,000,000	$10M	new	+0.07 pp	new
unresolvedSocial Leverage Acquisn Corp	0.07%	1,000,000	$10M	held	—	3 q
unresolvedDisruptive Acquisition Corp	0.07%	1,000,000	$10M	held	—	4 q
unresolvedValor Latitude Acquisitn Cor	0.07%	1,000,000	$10M	held	—	3 q
AURAurora Innovation, Inc. Class A	0.05%	1,032,463	$7M	trimmed−87%	−0.23 pp	3 q
SHYiShares 1-3 Year Treasury Bond ETF	0.05%	82,116	$7M	added0%	+0.01 pp	17 q
unresolvedMedicus Sciences Acquisition	0.05%	790,000	$8M	held	—	3 q
AUROWAurora Innovation, Inc.	0.04%	1,835,000	$5M	held	—	3 q
unresolvedAvanti Acquisition Corp	0.01%	1,500,000	$888,000	held	—	4 q
unresolvedBluescape Opportunities Acqu	0.01%	1,000,000	$842,000	held	—	4 q
unresolvedFar Peak Acquisition Corp	0.01%	666,666	$1M	held	—	4 q
JWSWFJaws Mustang Acq Corp Wts	0.01%	1,000,000	$1M	held	—	3 q
JOBY/WSJoby Aviation Inc -CW25	0.01%	750,000	$1M	held	—	2 q
unresolvedGlobal Blue Group Holding AG	0.01%	1,333,333	$800,000	held	—	6 q
unresolvedCompute Health Acquisitin Co	0.00%	625,000	$552,000	held	—	4 q
unresolvedEg Acquisition Corp	0.00%	367,499	$228,000	new	0.00 pp	new
unresolvedFirstmark Horizon Acquisitio	0.00%	505,000	$505,000	held	—	4 q
unresolvedGo Acquisition Corp	0.00%	1,000,000	$660,000	held	—	4 q
unresolvedHippo Hldgs Inc	0.00%	240,000	$115,000	held	—	2 q
unresolvedJaws Hurricane Acquisitn Cor	0.00%	248,184	$243,000	new	0.00 pp	new
unresolvedLogistics Innovtn Technlgs C	0.00%	333,332	$287,000	new	0.00 pp	new
unresolvedSocial Leverage Acquisn Corp	0.00%	250,000	$208,000	held	—	3 q
unresolvedTlg Acquisition One Corp	0.00%	500,000	$260,000	held	—	4 q
TMCWWTMC the metals company Inc.	0.00%	1,000,000	$270,000	held	—	4 q
unresolvedBlue Whale Acquisition Corp	0.00%	500,000	$425,000	new	0.00 pp	new
unresolvedCohn Robbins Holdings Corp	0.00%	833,332	$667,000	held	—	4 q
GRABWGrab Holdings Limited	0.00%	300,000	$633,000	new	0.00 pp	new
unresolvedRice Acquisition Corp II	0.00%	375,000	$562,000	new	0.00 pp	new
INTCIntel Corp	—	−9,000,000	—	exited	−2.62 pp	—
0C3Endeavor Group Hold-class A	—	−12,500,000	—	exited	−1.96 pp	—
METAMeta Platforms, Inc. Class A	—	−1,000,000	—	exited	−1.85 pp	—
VVISA Inc.	—	−1,400,000	—	exited	−1.70 pp	—
PSFEPaysafe Limited	—	−39,474,064	—	exited	−1.67 pp	—
ELThe Estee Lauder Companies Inc. Class A	—	−1,000,000	—	exited	−1.64 pp	—
9991429DAptiv Irish Holdings Ltd	—	−1,300,000	—	exited	−1.06 pp	—
0VQJLTe Connectivity Ltd	—	−1,310,000	—	exited	−0.98 pp	—
AIYActivision Blizzard Inc	—	−2,000,000	—	exited	−0.85 pp	—
SUSuncor Energy, Inc.	—	−7,000,000	—	exited	−0.79 pp	—
ZBHZimmer Biomet Holdings, Inc.	—	−900,000	—	exited	−0.72 pp	—
BKIBlack Knight, Inc.	—	−1,800,000	—	exited	−0.71 pp	—
DIDIYDidi Global Inc S/	—	−13,079,728	—	exited	−0.54 pp	—
JXNJackson Financial Inc.	—	−1,812,124	—	exited	−0.26 pp	—
unresolvedAusterlitz Acquisition Corp II	—	−4,000,000	—	exited	−0.21 pp	—
unresolvedFintech Acquisition Corp V	—	−3,000,000	—	exited	−0.17 pp	—
RKLBRocket Lab Corporation	—	−1,500,000	—	exited	−0.13 pp	—
ACHRArcher Aviation Inc.	—	−2,500,000	—	exited	−0.12 pp	—
unresolvedBlue Whale Acquisition Corp I	—	−2,000,000	—	exited	−0.11 pp	—
unresolvedVy Global Growth	—	−2,000,000	—	exited	−0.11 pp	—
unresolvedWheels Up Experience Inc	—	−2,500,000	—	exited	−0.09 pp	—
unresolvedAltimeter Growth Corp	—	−1,600,000	—	exited	−0.09 pp	—
unresolvedTlg Acquisition One Corp	—	−1,500,000	—	exited	−0.08 pp	—
unresolvedBluescape Opportunities Acqu	—	−1,484,299	—	exited	−0.08 pp	—
unresolvedRice Acquisition Corp II	—	−1,500,000	—	exited	−0.08 pp	—
unresolvedEg Acquisition Corp	—	−1,102,500	—	exited	−0.06 pp	—
unresolvedHumanco Acquisition Corp	—	−1,000,000	—	exited	−0.05 pp	—
unresolvedJaws Hurricane Acquisitn Cor	—	−992,739	—	exited	−0.05 pp	—
unresolvedLogistics Innovtn Technlgs C	—	−1,000,000	—	exited	−0.05 pp	—
unresolvedZimmer Energy Transition Acq	—	−1,000,000	—	exited	−0.05 pp	—
unresolvedFifth Wall Acquisitn Corp II	—	−1,000,000	—	exited	−0.05 pp	—
unresolvedNightdragon Acquisition Corp	—	−800,000	—	exited	−0.04 pp	—
unresolvedTishman Speyer Innovation Co	—	−750,000	—	exited	−0.04 pp	—
unresolvedSvf Investment Corp 3	—	−800,000	—	exited	−0.04 pp	—
unresolvedHamilton Lane Alliance Hldgs	—	−500,000	—	exited	−0.03 pp	—
unresolvedThe Music Acquisition Corp	—	−500,000	—	exited	−0.03 pp	—
OPCHOption Care Health, Inc.	—	−200,000	—	exited	−0.03 pp	—
unresolvedArchaea Energy Inc	—	−510,000	—	exited	−0.02 pp	—
INGNInogen Inc	—	−73,675	—	exited	−0.02 pp	—
unresolvedPaysafe Limited	—	−1,666,666	—	exited	−0.02 pp	—
unresolvedArgo Blockchain PLC	—	−100,000	—	exited	−0.01 pp	—
unresolvedAusterlitz Acquisition Corp	—	−1,000,000	—	exited	−0.01 pp	—
unresolvedHumanco Acquisition Corp	—	−500,000	—	exited	0.00 pp	—
unresolvedNightdragon Acquisition Corp	—	−160,000	—	exited	0.00 pp	—
unresolvedTishman Speyer Innovation Co	—	−150,000	—	exited	0.00 pp	—
unresolvedAltimeter Growth Corp	—	−300,000	—	exited	0.00 pp	—
unresolvedMedicus Sciences Acquisition	—	−87,774	—	exited	0.00 pp	—