Third Point LLC Quant / Systematic

Location: New York, NY

CIK: 0001040273 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $7.275B (99.9% shares, 0.1% debt)

Holdings (44)

PCG PG&E CORP 7.6%

Value $551M Shares 34,300,000 Est. Cost $10.02 Unrealized +58.9%

NVDA NVIDIA CORPORATION 7.6%

Value $550M Shares 2,950,000 Est. Cost $129.13 Unrealized +44.1%

AMZN AMAZON COM INC 6.9%

Value $500M Shares 2,165,000 Est. Cost $138.38 Unrealized +65.3%

MSFT MICROSOFT CORP 6.1%

Value $447M Shares 925,000 Est. Cost $436.80 Unrealized +14.6%

UNP UNION PAC CORP 5.8%

Value $419M Shares 1,810,000 Est. Cost $225.30 Unrealized +0.9%

CRH CRH PLC 4.5%

Value $324M Shares 2,600,000 Est. Cost $90.56 Unrealized +31.5%

SGI SOMNIGROUP INTERNATIONAL INC 4.2%

Value $304M Shares 3,400,000 Est. Cost $79.81 Unrealized +9.5%

BN BROOKFIELD CORP 3.9%

Value $285M Shares 6,200,000 Est. Cost $35.41 Unrealized +28.6%

NSC NORFOLK SOUTHN CORP 3.9%

Value $282M Shares 975,000 Est. Cost $276.03 Unrealized +4.6%

TDS TELEPHONE & DATA SYS INC 3.8%

Value $274M Shares 6,675,000 Est. Cost $24.99 Unrealized +55.9%

COF CAPITAL ONE FINL CORP 3.7%

Value $267M Shares 1,100,000 Est. Cost $177.80 Unrealized +25.0%

CASY CASEYS GEN STORES INC 3.5%

Value $251M Shares 455,000 Est. Cost $446.05 Unrealized +23.2%

CRS CARPENTER TECHNOLOGY CORP 3.4%

Value $247M Shares 785,000 Est. Cost $156.44 Unrealized +92.1%

LYV LIVE NATION ENTERTAINMENT IN 3.4%

Value $246M Shares 1,725,000 Est. Cost $111.75 Unrealized +28.6%

CSGP COSTAR GROUP INC 2.9%

Value $213M Shares 3,165,000 Est. Cost $76.46 Unrealized -7.4%

MTZ MASTEC INC 2.8%

Value $201M Shares 925,000 Est. Cost $188.90 Unrealized +11.1%

RKT ROCKET COS INC 2.5%

Value $184M Shares 9,515,000 Est. Cost $15.82 Unrealized +13.0%

LPLA LPL FINL HLDGS INC 2.5%

Value $182M Shares 510,000 Est. Cost $243.60 Unrealized +45.2%

CMG CHIPOTLE MEXICAN GRILL INC 2.4%

Value $175M Shares 4,725,000 Est. Cost $36.17 Unrealized 0.0%

CEG CONSTELLATION ENERGY CORP 2.3%

Value $168M Shares 475,000 Est. Cost $363.20 Unrealized 0.0%

VST VISTRA CORP 2.2%

Value $162M Shares 1,005,000 Est. Cost $72.76 Unrealized +150.0%

DHR DANAHER CORPORATION 1.9%

Value $137M Shares 600,000 Est. Cost $217.33 Unrealized +1.0%

SN SHARKNINJA INC 1.8%

Value $134M Shares 1,200,000 Est. Cost $100.39 Unrealized -1.8%

TSM TAIWAN SEMICONDUCTOR MFG LTD 1.8%

Value $129M Shares 425,000 Est. Cost $131.52 Unrealized —

BABA ALIBABA GROUP HLDG LTD 1.7%

Value $121M Shares 825,000 Est. Cost $146.58 Unrealized —

APG API GROUP CORP 1.6%

Value $115M Shares 3,000,000 Est. Cost $36.98 Unrealized 0.0%

FIX COMFORT SYS USA INC 1.3%

Value $98M Shares 105,000 Est. Cost $453.04 Unrealized +103.7%

SPOT SPOTIFY TECHNOLOGY S A 0.8%

Value $58.07M Shares 100,000 Est. Cost $625.13 Unrealized 0.0%

KVUE KENVUE INC 0.8%

Value $56.06M Shares 3,250,000 Est. Cost $21.31 Unrealized -23.7%

PGR PROGRESSIVE CORP 0.7%

Value $50.1M Shares 220,000 Est. Cost $212.34 Unrealized 0.0%

TMO THERMO FISHER SCIENTIFIC INC 0.4%

Value $28.97M Shares 50,000 Est. Cost $565.16 Unrealized 0.0%

SRTA STRATA CRITICAL MEDICAL INC 0.3%

Value $24.05M Shares 5,000,000 Est. Cost $4.42 Unrealized +9.5%

WIX WIX COM LTD 0.3%

Value $23.38M Shares 225,000 Est. Cost $120.92 Unrealized 0.0%

CSX CSX CORP 0.2%

Value $18.13M Shares 500,000 Est. Cost $35.70 Unrealized 0.0%

HTZWW HERTZ GLOBAL HLDGS INC 0.1%

Value $10.64M Shares 3,970,000 Est. Cost $9.12 Unrealized —

— PG&E CORP 0.1%

Value $10.28M Shares 10,000,000 Est. Cost $1.09 Unrealized —

SPRY ARS PHARMACEUTICALS INC 0.1%

Value $6.48M Shares 556,237 Est. Cost $9.72 Unrealized 0.0%

CTEV CLARITEV CORPORATION 0.1%

Value $6.199M Shares 145,000 Est. Cost $50.88 Unrealized 0.0%

— PG&E CORP 0.1%

Value $5.74M Shares 140,000 Est. Cost $49.79 Unrealized —

FLYX FLYEXCLUSIVE INC 0.1%

Value $4.2M Shares 1,022,000 Est. Cost $5.50 Unrealized -33.3%

AUR AURORA INNOVATION INC 0.1%

Value $3.965M Shares 1,032,463 Est. Cost $11.09 Unrealized -58.7%

BHC BAUSCH HEALTH COS INC 0.0%

Value $2.433M Shares 350,000 Est. Cost $6.65 Unrealized -1.1%

AUROW AURORA INNOVATION INC 0.0%

Value $413K Shares 1,835,000 Est. Cost $2.99 Unrealized —

FLYX/WS FLYEXCLUSIVE INC 0.0%

Value $105K Shares 367,499 Est. Cost $0.22 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PCG	PG&E CORP	34,300,000	$551M	7.6%	$10.02	+58.9%	COM	69331C108
NVDA	NVIDIA CORPORATION	2,950,000	$550M	7.6%	$129.13	+44.1%	COM	67066G104
AMZN	AMAZON COM INC	2,165,000	$500M	6.9%	$138.38	+65.3%	COM	023135106
MSFT	MICROSOFT CORP	925,000	$447M	6.1%	$436.80	+14.6%	COM	594918104
UNP	UNION PAC CORP	1,810,000	$419M	5.8%	$225.30	+0.9%	COM	907818108
CRH	CRH PLC	2,600,000	$324M	4.5%	$90.56	+31.5%	ORD	G25508105
SGI	SOMNIGROUP INTERNATIONAL INC	3,400,000	$304M	4.2%	$79.81	+9.5%	COM	88023U101
BN	BROOKFIELD CORP	6,200,000	$285M	3.9%	$35.41	+28.6%	CL A LTD VT SH	11271J107
NSC	NORFOLK SOUTHN CORP	975,000	$282M	3.9%	$276.03	+4.6%	COM	655844108
TDS	TELEPHONE & DATA SYS INC	6,675,000	$274M	3.8%	$24.99	+55.9%	COM NEW	879433829
COF	CAPITAL ONE FINL CORP	1,100,000	$267M	3.7%	$177.80	+25.0%	COM	14040H105
CASY	CASEYS GEN STORES INC	455,000	$251M	3.5%	$446.05	+23.2%	COM	147528103
CRS	CARPENTER TECHNOLOGY CORP	785,000	$247M	3.4%	$156.44	+92.1%	COM	144285103
LYV	LIVE NATION ENTERTAINMENT IN	1,725,000	$246M	3.4%	$111.75	+28.6%	COM	538034109
CSGP	COSTAR GROUP INC	3,165,000	$213M	2.9%	$76.46	-7.4%	COM	22160N109
MTZ	MASTEC INC	925,000	$201M	2.8%	$188.90	+11.1%	COM	576323109
RKT	ROCKET COS INC	9,515,000	$184M	2.5%	$15.82	+13.0%	COM CL A	77311W101
LPLA	LPL FINL HLDGS INC	510,000	$182M	2.5%	$243.60	+45.2%	COM	50212V100
CMG	CHIPOTLE MEXICAN GRILL INC	4,725,000	$175M	2.4%	$36.17	0.0%	COM	169656105
CEG	CONSTELLATION ENERGY CORP	475,000	$168M	2.3%	$363.20	0.0%	COM	21037T109
VST	VISTRA CORP	1,005,000	$162M	2.2%	$72.76	+150.0%	COM	92840M102
DHR	DANAHER CORPORATION	600,000	$137M	1.9%	$217.33	+1.0%	COM	235851102
SN	SHARKNINJA INC	1,200,000	$134M	1.8%	$100.39	-1.8%	COM SHS	G8068L108
TSM	TAIWAN SEMICONDUCTOR MFG LTD	425,000	$129M	1.8%	$131.52	—	SPONSORED ADS	874039100
BABA	ALIBABA GROUP HLDG LTD	825,000	$121M	1.7%	$146.58	—	SPONSORED ADS	01609W102
APG	API GROUP CORP	3,000,000	$115M	1.6%	$36.98	0.0%	COM STK	00187Y100
FIX	COMFORT SYS USA INC	105,000	$98M	1.3%	$453.04	+103.7%	COM	199908104
SPOT	SPOTIFY TECHNOLOGY S A	100,000	$58.07M	0.8%	$625.13	0.0%	SHS	L8681T102
KVUE	KENVUE INC	3,250,000	$56.06M	0.8%	$21.31	-23.7%	COM	49177J102
PGR	PROGRESSIVE CORP	220,000	$50.1M	0.7%	$212.34	0.0%	COM	743315103
TMO	THERMO FISHER SCIENTIFIC INC	50,000	$28.97M	0.4%	$565.16	0.0%	COM	883556102
SRTA	STRATA CRITICAL MEDICAL INC	5,000,000	$24.05M	0.3%	$4.42	+9.5%	CL A COM	092667104
WIX	WIX COM LTD	225,000	$23.38M	0.3%	$120.92	0.0%	SHS	M98068105
CSX	CSX CORP	500,000	$18.13M	0.2%	$35.70	0.0%	COM	126408103
HTZWW	HERTZ GLOBAL HLDGS INC	3,970,000	$10.64M	0.1%	$9.12	—	*W EXP 06/30/205	42806J148
—	PG&E CORP	10,000,000	$10.28M	0.1%	$1.09	—	NOTE 4.250%12/0	69331CAL2
SPRY	ARS PHARMACEUTICALS INC	556,237	$6.48M	0.1%	$9.72	0.0%	COM	82835W108
CTEV	CLARITEV CORPORATION	145,000	$6.199M	0.1%	$50.88	0.0%	CL A NEW	62548M209
—	PG&E CORP	140,000	$5.74M	0.1%	$49.79	—	PFD CONV SER A	69331C306
FLYX	FLYEXCLUSIVE INC	1,022,000	$4.2M	0.1%	$5.50	-33.3%	COM CL A	343928107
AUR	AURORA INNOVATION INC	1,032,463	$3.965M	0.1%	$11.09	-58.7%	CLASS A COM	051774107
BHC	BAUSCH HEALTH COS INC	350,000	$2.433M	0.0%	$6.65	-1.1%	COM	071734107
AUROW	AURORA INNOVATION INC	1,835,000	$413K	0.0%	$2.99	—	*W EXP 11/03/202	051774115
FLYX/WS	FLYEXCLUSIVE INC	367,499	$105K	0.0%	$0.22	—	*W EXP 99/99/999	343928115