Third Point
Picture
Moves
Options: 2 moves 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 | 9.02% | 50,100,000 | $756M | trimmed−2% | −0.34 pp | 21 q |
| AMZNAmazon.Com Inc | 7.37% | 2,810,000 | $617M | added+4% | −0.44 pp | 10 q |
| MSFTMicrosoft Corp | 6.81% | 1,100,000 | $570M | added×2.8 | +4.20 pp | 12 q |
| NVDANvidia Corp | 6.35% | 2,850,000 | $532M | added+2% | +0.54 pp | 3 q |
| NSCNorfolk Southern Corp. | 5.92% | 1,650,000 | $496M | new | +5.92 pp | new |
| BNBrookfield Corporation | 3.83% | 4,675,000 | $321M | held | — | 5 q |
| TSMTaiwan Semiconductor Manufacturing Company Ltd. | 3.67% | 1,100,000 | $307M | trimmed−23% | −0.59 pp | 10 q |
| COFCapital One Financial | 3.52% | 1,385,000 | $294M | trimmed−23% | −1.52 pp | 4 q |
| FLUTFlutter Entertainment plc | 3.40% | 1,120,000 | $284M | added+5% | −0.62 pp | 5 q |
| CASYCasey's General Stores Inc | 3.38% | 500,000 | $283M | added+39% | +0.97 pp | 3 q |
| TDSTelephone and Data Systems Inc. | 3.14% | 6,707,274 | $263M | trimmed−0% | 0.00 pp | 9 q |
| CRHCRH Public Limited Company | 3.10% | 2,165,000 | $260M | trimmed−16% | −0.02 pp | 6 q |
| CSGPCoStar Group Inc | 3.04% | 3,017,000 | $255M | trimmed−2% | −0.22 pp | 3 q |
| SGISomnigroup International Inc. | 3.02% | 3,000,000 | $253M | new | +3.02 pp | new |
| LYVLive Nation Entertainment Inc. | 2.63% | 1,350,000 | $221M | trimmed−32% | −1.30 pp | 6 q |
| CRSCarpenter Technology Corp | 2.49% | 850,000 | $209M | added+13% | −0.23 pp | 5 q |
| UNPUnion Pacific Corp. | 2.47% | 875,000 | $207M | new | +2.47 pp | new |
| LPLALPL Financial Holdings Inc. | 2.36% | 594,143 | $198M | trimmed−5% | −0.72 pp | 5 q |
| COOPMr. Cooper Group Inc. | 2.33% | 925,000 | $195M | held | — | 2 q |
| SNSharkNinja, Inc. | 2.22% | 1,800,000 | $186M | added+50% | +0.66 pp | 3 q |
| VSTVistra Corp. | 2.19% | 935,000 | $183M | trimmed−25% | −0.99 pp | 11 q |
| FIXComfort Systems USA, Inc. | 1.97% | 200,000 | $165M | added+8% | +0.67 pp | 2 q |
| METAMeta Platforms, Inc. Class A | 1.93% | 220,000 | $162M | added+47% | +0.48 pp | 2 q |
| MTZMasTec, Inc. | 1.84% | 725,000 | $154M | new | +1.84 pp | new |
| TLNTalen Energy Corporation | 1.78% | 350,000 | $149M | trimmed−55% | −1.22 pp | 3 q |
| KVUEKenvue Inc. | 1.74% | 9,000,000 | $146M | added+6% | −0.60 pp | 3 q |
| JJacobs Solutions Inc. | 1.64% | 915,000 | $137M | trimmed−28% | −0.54 pp | 11 q |
| PRMBPrimo Brands Corporation | 1.52% | 5,775,000 | $128M | held | — | 4 q |
| FNDFloor & Decor Holdings, Inc. | 1.17% | 1,330,000 | $98M | new | +1.17 pp | new |
| APOApollo Global Management, Inc. | 1.03% | 650,000 | $87M | trimmed−49% | −1.35 pp | 8 q |
| RKTRocket Companies, Inc. | 0.93% | 4,000,000 | $78M | trimmed−16% | +0.04 pp | 2 q |
| Apollo Global Managementconvertible | 0.76% | 900,000 | $63M | held | — | 9 q |
| CORZCore Scientific, Inc. | 0.64% | 3,000,000 | $54M | new | +0.64 pp | new |
| SRTAStrata Critical Medical, Inc. Class A | 0.30% | 5,000,000 | $25M | new | +0.30 pp | new |
| HTZWWHertz Global Holdings | 0.18% | 3,970,000 | $15M | held | — | 10 q |
| DHRDanaher Corporation | 0.12% | 50,000 | $10M | trimmed−90% | −1.18 pp | 2 q |
| PG&E Corpconvertible | 0.07% | 140,000 | $6M | held | — | 4 q |
| FLYXflyExclusive, Inc. | 0.06% | 1,022,000 | $5M | held | — | 8 q |
| AURAurora Innovation, Inc. Class A | 0.03% | 1,032,463 | $2M | held | — | 18 q |
| AUROWAurora Innovation, Inc. | 0.01% | 1,835,000 | $877,000 | held | — | 18 q |
| BHCBausch Health Companies Inc | 0.01% | 100,000 | $645,000 | new | +0.01 pp | new |
| CYHCommunity Health Systems, Inc. | 0.01% | 150,000 | $481,500 | new | +0.01 pp | new |
| 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 | $116,681 | held | — | 8 q |
| CPAYCorpay, Inc. | — | −685,000 | — | exited | −2.99 pp | — |
| ICEIntercontinental Exchange Inc. | — | −950,000 | — | exited | −2.29 pp | — |
| RBARB Global, Inc. | — | −695,000 | — | exited | −0.97 pp | — |
| WDAYWorkday, Inc. Class A | — | −300,000 | — | exited | −0.95 pp | — |
| FLSFlowserve Corporation | — | −1,195,000 | — | exited | −0.82 pp | — |
| FTVFortive Corporation | — | −1,160,000 | — | exited | −0.79 pp | — |
| DOCUDocuSign, Inc. | — | −625,000 | — | exited | −0.64 pp | — |
| 75ZSoho House & Co Inc | — | −5,171,676 | — | exited | −0.50 pp | — |
| GTLSChart Inds Inc | — | −215,000 | — | exited | −0.47 pp | — |
| SESea Limited | — | −50,000 | — | exited | −0.11 pp | — |
| RALRalliant Corporation | — | −125,003 | — | exited | −0.08 pp | — |
| SABRSabre Corporation | — | −750,000 | — | exited | −0.03 pp | — |
| CTEVClaritev Corporation | — | −30,000 | — | exited | −0.02 pp | — |
| TTANServiceTitan, Inc. Class A | — | −15,000 | — | exited | −0.02 pp | — |
| ARDTArdent Health, Inc. | — | −75,000 | — | exited | −0.01 pp | — |
| ASICAtegrity Specialty Insurance Company Holdings | — | −50,000 | — | exited | −0.01 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| SPY PUT | 95.99% | 875,000 | $583M |
| KVUE CALL | 4.01% | 1,500,000 | $24M |
Notes
| Issue | % of notes | Principal | Value |
|---|---|---|---|
| PG&E Corp | 100.00% | 10,000,000 | $10M |