Third Point

Q1 2022 13F · by Daniel Loeb, CIO

As of: Mar 31, 2022
Filed: May 16, 2022
US stock: $7.7B · prev $14.3B
Positions: 75 · prev 91
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

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

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves63 since the prior filing

+19.9 pp in · −21.8 pp out

New 10 +12.15 pp
Added 5 +7.73 pp
Trimmed 22 +9.38 pp
Exited 26 −31.18 pp

The book

Concentrated · behaves like 18 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 60% a year, about 1.6 years per position

Low
Moderate
High

Top 5 positions43% of US stock

S SentinelOne, Inc. trimmed+3.85 pp trimmed+3.8513.3%
PCG PG&E Corporation trimmed+4.24 pp trimmed+4.2410.8%
DHR Danaher Corporation trimmed+2.85 pp trimmed+2.859.5%
SPGI S&P Global Inc. trimmed+1.83 pp trimmed+1.835.1%
INTU Intuit Inc trimmed−0.63 pp trimmed−0.634.5%

Positions75 in this filing · 26 exited


SSentinelOne, Inc.	13.27%	26,307,482	$1.0B	trimmed−2%	+3.85 pp	4 q
PCGPG&E Corporation	10.77%	69,300,000	$827M	trimmed−10%	+4.24 pp	7 q
DHRDanaher Corporation	9.51%	2,490,000	$730M	trimmed−14%	+2.85 pp	27 q
SPGIS&P Global Inc.	5.13%	960,000	$394M	trimmed−4%	+1.83 pp	24 q
INTUIntuit Inc	4.54%	725,000	$349M	trimmed−37%	−0.63 pp	8 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	4.02%	605,000	$309M	trimmed−23%	+1.25 pp	6 q
EQTEqt Corp	4.01%	8,950,000	$308M	added+80%	+3.25 pp	2 q
AVTRAvantor, Inc.	3.68%	8,360,000	$283M	trimmed−23%	+0.50 pp	7 q
CSXCSX Corporation	3.60%	7,386,378	$277M	new	+3.60 pp	new
IQVIQVIA Holdings Inc.	3.31%	1,100,000	$254M	trimmed−17%	+0.70 pp	15 q
DDDuPont de Nemours, Inc.	3.22%	3,360,000	$247M	added+1%	+1.35 pp	5 q
ZENZendesk Inc	2.97%	1,900,000	$229M	added+46%	+2.02 pp	2 q
AAAlcoa Corporation	2.78%	2,375,000	$214M	new	+2.78 pp	new
MSFTMicrosoft Corp	2.01%	500,000	$154M	trimmed−69%	−1.75 pp	7 q
RIVNRivian Automotive, Inc. Class A	1.99%	3,046,574	$153M	trimmed−25%	−0.86 pp	2 q
CTLTCatalent, Inc.	1.95%	1,350,000	$150M	trimmed−30%	+0.23 pp	6 q
HTZHertz Global Holdings, Inc	1.91%	6,620,000	$147M	added+10%	+0.86 pp	2 q
OVVOvintiv Inc.	1.58%	2,250,000	$122M	new	+1.58 pp	new
SUSuncor Energy, Inc.	1.49%	3,500,000	$114M	new	+1.49 pp	new
TDGTransDigm Group Incorporated	1.36%	160,000	$104M	trimmed−51%	−0.09 pp	7 q
DELLDell Technologies Inc.	1.33%	2,030,000	$102M	trimmed−44%	−0.08 pp	5 q
CCKCrown Holdings Inc.	1.30%	800,000	$100M	trimmed−20%	+0.53 pp	2 q
LFGArchaea Energy Inc	1.19%	4,175,000	$92M	trimmed−6%	+0.62 pp	3 q
PG&E Corpconvertible	1.15%	785,000	$88M	trimmed−2%	+0.50 pp	7 q
MOSThe Mosaic Company	1.11%	1,280,000	$85M	new	+1.11 pp	new
IRIngersoll Rand Inc.	1.00%	1,525,000	$77M	new	+1.00 pp	new
9900123DPerimeter Solutions SA	0.98%	6,190,000	$75M	trimmed−4%	+0.35 pp	2 q
unresolvedCano Health Inc	0.95%	11,500,000	$73M	added+2%	+0.25 pp	4 q
unresolvedLeslies Inc	0.76%	3,000,000	$58M	trimmed−50%	−0.22 pp	6 q
VTYXVentyx Biosciences, Inc.	0.76%	4,312,834	$59M	held	—	2 q
AMZNAmazon.Com Inc	0.74%	17,500	$57M	trimmed−93%	−4.73 pp	10 q
unresolvedGlobal Blue Group Holding AG	0.61%	8,537,601	$47M	trimmed−0%	+0.23 pp	7 q
JWSMFJaws Mustang Acq Corp A	0.51%	4,000,000	$39M	held	—	4 q
CVECenovus Energy Inc.	0.43%	2,000,000	$33M	new	+0.43 pp	new
unresolvedGo Acquisition Corp	0.39%	3,000,000	$30M	held	—	5 q
AVANAvanti Acquisition Corp-a	0.39%	3,000,000	$30M	held	—	5 q
75ZSoho House & Co Inc	0.36%	3,600,000	$28M	trimmed−4%	+0.03 pp	3 q
unresolvedCompute Health Acquisitin Co	0.32%	2,500,000	$24M	held	—	5 q
unresolvedKhosla Ventures Acqut Co III	0.25%	2,000,000	$20M	held	—	5 q
unresolvedBlue Whale Acquisition Corp I	0.25%	2,000,000	$20M	held	—	2 q
unresolvedIon Acquisition Corp 3 Ltd	0.23%	1,800,000	$18M	held	—	4 q
unresolvedRice Acquisition Corp II	0.19%	1,500,000	$15M	held	—	2 q
SMFRGeneDx Holdings Corp. Class A	0.17%	4,295,000	$13M	held	—	3 q
unresolvedLerer Hippeau Acquisition Co	0.16%	1,250,000	$12M	held	—	5 q
unresolvedAltimeter Growth Corp 2	0.16%	1,285,000	$13M	held	—	5 q
unresolvedDragoneer Growth Opt Corp II	0.15%	1,200,000	$12M	held	—	5 q
unresolvedEg Acquisition Corp	0.14%	1,102,500	$11M	held	—	2 q
unresolvedJaws Hurricane Acquisitn Cor	0.13%	992,739	$10M	held	—	2 q
unresolvedLogistics Innovtn Technlgs C	0.13%	1,000,000	$10M	held	—	2 q
unresolvedSocial Leverage Acquisn Corp	0.13%	1,000,000	$10M	held	—	4 q
unresolvedDisruptive Acquisition Corp	0.13%	1,000,000	$10M	held	—	5 q
WDCWestern Digital Corp.	0.09%	146,468	$7M	new	+0.09 pp	new
AURAurora Innovation, Inc. Class A	0.08%	1,032,463	$6M	held	—	4 q
SHYiShares 1-3 Year Treasury Bond ETF	0.08%	72,450	$6M	trimmed−12%	+0.03 pp	18 q
IVVDInvivyd, Inc.	0.06%	987,114	$5M	new	+0.06 pp	new
AUROWAurora Innovation, Inc.	0.04%	1,835,000	$3M	held	—	4 q
unresolvedStarry Group Holdings Inc	0.01%	505,000	$444,000	new	+0.01 pp	new
TMCWWTMC the metals company Inc.	0.01%	1,000,000	$590,000	held	—	5 q
unresolvedAvanti Acquisition Corp	0.01%	1,500,000	$390,000	held	—	5 q
unresolvedCohn Robbins Holdings Corp	0.01%	833,332	$642,000	held	—	5 q
unresolvedFar Peak Acquisition Corp	0.01%	666,666	$1M	held	—	5 q
JWSWFJaws Mustang Acq Corp Wts	0.01%	1,000,000	$490,000	held	—	4 q
unresolvedGlobal Blue Group Holding AG	0.01%	1,333,333	$540,000	held	—	7 q
unresolvedCompute Health Acquisitin Co	0.00%	625,000	$303,000	held	—	5 q
unresolvedEg Acquisition Corp	0.00%	367,499	$85,000	held	—	2 q
unresolvedGo Acquisition Corp	0.00%	1,000,000	$180,000	held	—	5 q
unresolvedHippo Hldgs Inc	0.00%	240,000	$82,000	held	—	3 q
unresolvedJaws Hurricane Acquisitn Cor	0.00%	248,184	$186,000	held	—	2 q
unresolvedLogistics Innovtn Technlgs C	0.00%	333,332	$120,000	held	—	2 q
unresolvedSocial Leverage Acquisn Corp	0.00%	250,000	$100,000	held	—	4 q
unresolvedTlg Acquisition One Corp	0.00%	500,000	$99,000	held	—	5 q
unresolvedBluescape Opportunities Acqu	0.00%	1,000,000	$337,000	held	—	5 q
unresolvedBlue Whale Acquisition Corp	0.00%	500,000	$250,000	held	—	2 q
GRABWGrab Holdings Limited	0.00%	300,000	$231,000	held	—	2 q
unresolvedRice Acquisition Corp II	0.00%	375,000	$233,000	held	—	2 q
GOOGLAlphabet Inc. Class A	—	−212,000	—	exited	−4.29 pp	—
UPSTUpstart Holdings, Inc.	—	−4,000,000	—	exited	−4.23 pp	—
ACNAccenture PLC	—	−1,250,000	—	exited	−3.62 pp	—
CSGPCoStar Group Inc	—	−5,687,819	—	exited	−3.14 pp	—
BURLBurlington Stores, Inc.	—	−1,480,000	—	exited	−3.01 pp	—
DISThe Walt Disney Company	—	−2,000,000	—	exited	−2.16 pp	—
RHRh	—	−535,000	—	exited	−2.00 pp	—
EXPEExpedia Group, Inc.	—	−1,307,359	—	exited	−1.65 pp	—
ALGNAlign Technology Inc	—	−300,000	—	exited	−1.38 pp	—
AESAES Corporation	—	−5,750,000	—	exited	−0.98 pp	—
COUPCoupa Software Incorporated	—	−650,000	—	exited	−0.72 pp	—
CMCSAComcast Corp	—	−2,000,000	—	exited	−0.70 pp	—
ALITAlight, Inc.	—	−8,372,080	—	exited	−0.63 pp	—
CFCF Industries Holding, Inc.	—	−1,244,477	—	exited	−0.62 pp	—
GRABGrab Holdings Limited Class A	—	−12,408,903	—	exited	−0.62 pp	—
OPENOpendoor Technologies Inc	—	−3,775,000	—	exited	−0.39 pp	—
Aes CORP/THEconvertible	—	−500,000	—	exited	−0.34 pp	—
CRHCCohn Robbins Holdings-cl A	—	−1,900,000	—	exited	−0.13 pp	—
unresolvedFirstmark Horizon Acquisitio	—	−1,750,000	—	exited	−0.12 pp	—
unresolvedTpg Pace Ben Fin Corp	—	−1,700,000	—	exited	−0.12 pp	—
APONApollo Asset Management Inc	—	−200,000	—	exited	−0.10 pp	—
unresolvedVector Acquisition Corp II	—	−1,420,595	—	exited	−0.10 pp	—
unresolvedValor Latitude Acquisitn Cor	—	−1,000,000	—	exited	−0.07 pp	—
unresolvedMedicus Sciences Acquisition	—	−790,000	—	exited	−0.05 pp	—
JOBY/WSJoby Aviation Inc -CW25	—	−750,000	—	exited	−0.01 pp	—
unresolvedFirstmark Horizon Acquisitio	—	−505,000	—	exited	0.00 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 33 unresolved
Accession: 0001085146-22-002202
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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