Third Point
Picture
Moves
Options: 1 move on a notional base, in the table below.
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
Positions
| PCGPG&E Corporation | 13.81% | 51,100,000 | $878M | added+5% | +0.66 pp | 19 q |
| AMZNAmazon.Com Inc | 7.03% | 2,350,000 | $447M | trimmed−32% | −3.14 pp | 8 q |
| TSMTaiwan Semiconductor Manufacturing Company Ltd. | 4.65% | 1,780,000 | $295M | held | — | 8 q |
| LYVLive Nation Entertainment Inc. | 4.31% | 2,100,000 | $274M | added+22% | +1.32 pp | 4 q |
| TDSTelephone and Data Systems Inc. | 4.12% | 6,760,000 | $262M | added+13% | +1.37 pp | 7 q |
| CRHCRH Public Limited Company | 3.76% | 2,715,000 | $239M | held | — | 4 q |
| BNBrookfield Corporation | 3.50% | 4,240,000 | $222M | trimmed−15% | −0.35 pp | 3 q |
| FLUTFlutter Entertainment plc | 3.38% | 970,000 | $215M | added+11% | +0.36 pp | 3 q |
| KVUEKenvue Inc. | 3.36% | 8,900,000 | $213M | new | +3.36 pp | new |
| CPAYCorpay, Inc. | 3.35% | 610,000 | $213M | held | — | 6 q |
| APOApollo Global Management, Inc. | 3.23% | 1,500,000 | $205M | added×3.8 | +2.34 pp | 6 q |
| LPLALPL Financial Holdings Inc. | 3.22% | 625,000 | $204M | trimmed−5% | +0.35 pp | 3 q |
| ICEIntercontinental Exchange Inc. | 2.99% | 1,100,000 | $190M | trimmed−47% | −1.18 pp | 8 q |
| COFCapital One Financial | 2.96% | 1,050,000 | $188M | added+14% | +0.74 pp | 2 q |
| JJacobs Solutions Inc. | 2.66% | 1,400,000 | $169M | trimmed−15% | −0.30 pp | 9 q |
| CRSCarpenter Technology Corp | 2.48% | 870,000 | $158M | held | — | 3 q |
| EQTEqt Corp | 2.48% | 2,950,000 | $158M | held | — | 6 q |
| NVDANvidia Corp | 2.47% | 1,450,000 | $157M | new | +2.47 pp | new |
| CSGPCoStar Group Inc | 2.46% | 1,975,000 | $156M | new | +2.46 pp | new |
| XUnited States Steel Corp | 2.41% | 3,625,000 | $153M | new | +2.41 pp | new |
| FTVFortive Corporation | 2.19% | 1,900,000 | $139M | held | — | 2 q |
| CASYCasey's General Stores Inc | 2.05% | 300,000 | $130M | new | +2.05 pp | new |
| DFSDiscover Financial Services | 1.99% | 740,000 | $126M | added+16% | +0.50 pp | 2 q |
| MSFTMicrosoft Corp | 1.86% | 315,000 | $118M | trimmed−48% | −1.54 pp | 10 q |
| TLNTalen Energy Corporation | 1.84% | 585,000 | $117M | new | +1.84 pp | new |
| TAT&T Inc. | 1.66% | 3,775,000 | $106M | new | +1.66 pp | new |
| HESHess Corporation | 1.57% | 625,000 | $100M | held | — | 4 q |
| VSTVistra Corp. | 1.57% | 850,000 | $100M | trimmed−15% | −0.28 pp | 9 q |
| PRMBPrimo Brands Corporation | 1.55% | 2,775,000 | $98M | added+16% | +0.56 pp | 2 q |
| RBARB Global, Inc. | 1.50% | 950,000 | $95M | new | +1.50 pp | new |
| Apollo Global Managementconvertible | 1.03% | 900,000 | $66M | held | — | 7 q |
| SNSharkNinja, Inc. | 0.72% | 550,000 | $46M | new | +0.72 pp | new |
| 75ZSoho House & Co Inc | 0.51% | 5,200,000 | $32M | added×2.2 | +0.27 pp | 2 q |
| PINSPinterest, Inc. Class A | 0.49% | 1,000,000 | $31M | new | +0.49 pp | new |
| SDRLSeadrill Limited | 0.40% | 1,025,000 | $26M | held | — | 2 q |
| HTZWWHertz Global Holdings | 0.14% | 3,970,000 | $9M | held | — | 8 q |
| AURAurora Innovation, Inc. Class A | 0.11% | 1,032,463 | $7M | held | — | 16 q |
| PG&E Corpconvertible | 0.10% | 140,000 | $6M | held | — | 2 q |
| FLYXflyExclusive, Inc. | 0.05% | 1,022,000 | $3M | held | — | 6 q |
| AUROWAurora Innovation, Inc. | 0.04% | 1,835,000 | $3M | held | — | 16 q |
| FLYX.WSflyExclusive, Inc. Redeemable warrants, each whole warrant exercisable for one Class A at an exercise price of $11.50 per share | 0.00% | 367,499 | $36,750 | held | — | 6 q |
| NPWR.WSNET Power Inc. Redeemable warrants, each whole warrant exercisable for one share of Class A at an exercise price of $11.50 | 0.00% | 500,000 | $152,500 | held | — | 8 q |
| unresolvedGlobal Blue Group Holding AG | 0.00% | 1,333,333 | $29,600 | held | — | 19 q |
| DHRDanaher Corporation | — | −1,900,000 | — | exited | −5.86 pp | — |
| METAMeta Platforms, Inc. Class A | — | −665,000 | — | exited | −5.23 pp | — |
| FERGFerguson Enterprises Inc. | — | −1,200,000 | — | exited | −2.80 pp | — |
| TSLATesla, Inc. | — | −500,000 | — | exited | −2.71 pp | — |
| TMOThermo Fisher Scientific, Inc. | — | −350,000 | — | exited | −2.45 pp | — |
| WDAYWorkday, Inc. Class A | — | −500,000 | — | exited | −1.73 pp | — |
| CNKCinemark Holdings, Inc. | — | −3,750,000 | — | exited | −1.56 pp | — |
| unresolvedGlobal Blue Group Holding AG | — | −8,387,601 | — | exited | −0.78 pp | — |
| PG&E Corpconvertible | — | −10,000,000 | — | exited | −0.15 pp | — |
| CCOClear Channel Outdoor Holdings, Inc. | — | −900,000 | — | exited | −0.02 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| Spdr S&P 500 ETF Tr PUT | 100.00% | 330,000 | $184M |
Notes
| Issue | % of notes | Principal | Value |
|---|---|---|---|
| PG&E Corp | 100.00% | 10,000,000 | $11M |