Third Point LLC Quant / Systematic

Location: New York, NY

CIK: 0001040273 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 15, 2025

Total Value: $6.551B (99.8% shares, 0.2% debt)

Holdings (45)

PCG PG&E CORP 13.4%

Value $878M Shares 51,100,000 Est. Cost $10.02 Unrealized +64.2%

AMZN AMAZON COM INC 6.8%

Value $447M Shares 2,350,000 Est. Cost $125.52 Unrealized +72.9%

TSM TAIWAN SEMICONDUCTOR MFG LTD 4.5%

Value $295M Shares 1,780,000 Est. Cost $131.52 Unrealized —

LYV LIVE NATION ENTERTAINMENT IN 4.2%

Value $274M Shares 2,100,000 Est. Cost $102.87 Unrealized +32.7%

TDS TELEPHONE & DATA SYS INC 4.0%

Value $262M Shares 6,760,000 Est. Cost $24.99 Unrealized +44.2%

CRH CRH PLC 3.6%

Value $239M Shares 2,715,000 Est. Cost $84.82 Unrealized +15.1%

BN BROOKFIELD CORP 3.4%

Value $222M Shares 4,240,000 Est. Cost $31.61 Unrealized +18.9%

FLUT FLUTTER ENTMT PLC 3.3%

Value $215M Shares 970,000 Est. Cost $229.54 Unrealized +12.8%

KVUE KENVUE INC 3.3%

Value $213M Shares 8,900,000 Est. Cost $21.38 Unrealized 0.0%

CPAY CORPAY INC 3.2%

Value $213M Shares 610,000 Est. Cost $286.35 Unrealized +26.2%

APO APOLLO GLOBAL MGMT INC 3.1%

Value $205M Shares 1,500,000 Est. Cost $134.62 Unrealized +12.8%

LPLA LPL FINL HLDGS INC 3.1%

Value $204M Shares 625,000 Est. Cost $243.60 Unrealized +42.9%

ICE INTERCONTINENTAL EXCHANGE IN 2.9%

Value $190M Shares 1,100,000 Est. Cost $133.25 Unrealized +21.6%

COF CAPITAL ONE FINL CORP 2.9%

Value $188M Shares 1,050,000 Est. Cost $172.59 Unrealized +8.2%

— SPDR S&P 500 ETF TR 2.8%

Value $184M Shares 330,000 Est. Cost — Unrealized —

J JACOBS SOLUTIONS INC 2.6%

Value $169M Shares 1,400,000 Est. Cost $96.67 Unrealized +32.1%

CRS CARPENTER TECHNOLOGY CORP 2.4%

Value $158M Shares 870,000 Est. Cost $143.27 Unrealized +34.1%

EQT EQT CORP 2.4%

Value $158M Shares 2,950,000 Est. Cost $39.77 Unrealized +27.1%

NVDA NVIDIA CORPORATION 2.4%

Value $157M Shares 1,450,000 Est. Cost $126.71 Unrealized 0.0%

CSGP COSTAR GROUP INC 2.4%

Value $156M Shares 1,975,000 Est. Cost $76.08 Unrealized 0.0%

— UNITED STATES STL CORP NEW 2.3%

Value $153M Shares 3,625,000 Est. Cost $42.26 Unrealized —

FTV FORTIVE CORP 2.1%

Value $139M Shares 1,900,000 Est. Cost $57.10 Unrealized +2.4%

CASY CASEYS GEN STORES INC 2.0%

Value $130M Shares 300,000 Est. Cost $408.03 Unrealized 0.0%

— DISCOVER FINL SVCS 1.9%

Value $126M Shares 740,000 Est. Cost $172.89 Unrealized —

MSFT MICROSOFT CORP 1.8%

Value $118M Shares 315,000 Est. Cost $278.19 Unrealized +45.6%

TLN TALEN ENERGY CORP 1.8%

Value $117M Shares 585,000 Est. Cost $216.89 Unrealized 0.0%

T AT&T INC 1.6%

Value $106M Shares 3,775,000 Est. Cost $24.35 Unrealized 0.0%

— HESS CORP 1.5%

Value $99.83M Shares 625,000 Est. Cost $147.52 Unrealized —

VST VISTRA CORP 1.5%

Value $99.82M Shares 850,000 Est. Cost $25.59 Unrealized +480.8%

PRMB PRIMO BRANDS CORPORATION 1.5%

Value $98.48M Shares 2,775,000 Est. Cost $28.69 Unrealized +13.8%

RBA RB GLOBAL INC 1.5%

Value $95.28M Shares 950,000 Est. Cost $95.41 Unrealized 0.0%

— APOLLO GLOBAL MGMT INC 1.0%

Value $65.78M Shares 900,000 Est. Cost $55.10 Unrealized —

SN SHARKNINJA INC 0.7%

Value $45.88M Shares 550,000 Est. Cost $101.80 Unrealized 0.0%

— SOHO HOUSE & CO INC 0.5%

Value $32.14M Shares 5,200,000 Est. Cost $6.75 Unrealized —

PINS PINTEREST INC 0.5%

Value $31M Shares 1,000,000 Est. Cost $33.88 Unrealized 0.0%

SDRL SEADRILL LTD 0.4%

Value $25.63M Shares 1,025,000 Est. Cost $38.78 Unrealized -20.1%

— PG&E CORP 0.2%

Value $10.58M Shares 10,000,000 Est. Cost $1.09 Unrealized —

HTZWW HERTZ GLOBAL HLDGS INC 0.1%

Value $8.972M Shares 3,970,000 Est. Cost $9.12 Unrealized —

AUR AURORA INNOVATION INC 0.1%

Value $6.943M Shares 1,032,463 Est. Cost $11.09 Unrealized -35.5%

— PG&E CORP 0.1%

Value $6.264M Shares 140,000 Est. Cost $49.79 Unrealized —

FLYX FLYEXCLUSIVE INC 0.0%

Value $3.178M Shares 1,022,000 Est. Cost $5.50 Unrealized -40.6%

AUROW AURORA INNOVATION INC 0.0%

Value $2.587M Shares 1,835,000 Est. Cost $2.99 Unrealized —

NPWR/WS NET POWER INC 0.0%

Value $153K Shares 500,000 Est. Cost $3.36 Unrealized —

FLYX/WS FLYEXCLUSIVE INC 0.0%

Value $36,750 Shares 367,499 Est. Cost $0.22 Unrealized —

— GLOBAL BLUE GROUP HOLDING AG 0.0%

Value $29,600 Shares 1,333,333 Est. Cost $0.64 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PCG	PG&E CORP	51,100,000	$878M	13.4%	$10.02	+64.2%	COM	69331C108
AMZN	AMAZON COM INC	2,350,000	$447M	6.8%	$125.52	+72.9%	COM	023135106
TSM	TAIWAN SEMICONDUCTOR MFG LTD	1,780,000	$295M	4.5%	$131.52	—	SPONSORED ADS	874039100
LYV	LIVE NATION ENTERTAINMENT IN	2,100,000	$274M	4.2%	$102.87	+32.7%	COM	538034109
TDS	TELEPHONE & DATA SYS INC	6,760,000	$262M	4.0%	$24.99	+44.2%	COM NEW	879433829
CRH	CRH PLC	2,715,000	$239M	3.6%	$84.82	+15.1%	ORD	G25508105
BN	BROOKFIELD CORP	4,240,000	$222M	3.4%	$31.61	+18.9%	CL A LTD VT SH	11271J107
FLUT	FLUTTER ENTMT PLC	970,000	$215M	3.3%	$229.54	+12.8%	SHS	G3643J108
KVUE	KENVUE INC	8,900,000	$213M	3.3%	$21.38	0.0%	COM	49177J102
CPAY	CORPAY INC	610,000	$213M	3.2%	$286.35	+26.2%	COM SHS	219948106
APO	APOLLO GLOBAL MGMT INC	1,500,000	$205M	3.1%	$134.62	+12.8%	COM	03769M106
LPLA	LPL FINL HLDGS INC	625,000	$204M	3.1%	$243.60	+42.9%	COM	50212V100
ICE	INTERCONTINENTAL EXCHANGE IN	1,100,000	$190M	2.9%	$133.25	+21.6%	COM	45866F104
COF	CAPITAL ONE FINL CORP	1,050,000	$188M	2.9%	$172.59	+8.2%	COM	14040H105
—	SPDR S&P 500 ETF TR	330,000	$184M	2.8%	—	—	Put	78462F953
J	JACOBS SOLUTIONS INC	1,400,000	$169M	2.6%	$96.67	+32.1%	COM	46982L108
CRS	CARPENTER TECHNOLOGY CORP	870,000	$158M	2.4%	$143.27	+34.1%	COM	144285103
EQT	EQT CORP	2,950,000	$158M	2.4%	$39.77	+27.1%	COM	26884L109
NVDA	NVIDIA CORPORATION	1,450,000	$157M	2.4%	$126.71	0.0%	COM	67066G104
CSGP	COSTAR GROUP INC	1,975,000	$156M	2.4%	$76.08	0.0%	COM	22160N109
—	UNITED STATES STL CORP NEW	3,625,000	$153M	2.3%	$42.26	—	COM	912909108
FTV	FORTIVE CORP	1,900,000	$139M	2.1%	$57.10	+2.4%	COM	34959J108
CASY	CASEYS GEN STORES INC	300,000	$130M	2.0%	$408.03	0.0%	COM	147528103
—	DISCOVER FINL SVCS	740,000	$126M	1.9%	$172.89	—	COM	254709108
MSFT	MICROSOFT CORP	315,000	$118M	1.8%	$278.19	+45.6%	COM	594918104
TLN	TALEN ENERGY CORP	585,000	$117M	1.8%	$216.89	0.0%	COM	87422Q109
T	AT&T INC	3,775,000	$106M	1.6%	$24.35	0.0%	COM	00206R102
—	HESS CORP	625,000	$99.83M	1.5%	$147.52	—	COM	42809H107
VST	VISTRA CORP	850,000	$99.82M	1.5%	$25.59	+480.8%	COM	92840M102
PRMB	PRIMO BRANDS CORPORATION	2,775,000	$98.48M	1.5%	$28.69	+13.8%	CLASS A COM SHS	741623102
RBA	RB GLOBAL INC	950,000	$95.28M	1.5%	$95.41	0.0%	COM	74935Q107
—	APOLLO GLOBAL MGMT INC	900,000	$65.78M	1.0%	$55.10	—	SER A MAND CNV	03769M304
SN	SHARKNINJA INC	550,000	$45.88M	0.7%	$101.80	0.0%	COM SHS	G8068L108
—	SOHO HOUSE & CO INC	5,200,000	$32.14M	0.5%	$6.75	—	COM CL A	586001109
PINS	PINTEREST INC	1,000,000	$31M	0.5%	$33.88	0.0%	CL A	72352L106
SDRL	SEADRILL LTD	1,025,000	$25.63M	0.4%	$38.78	-20.1%	COM	G7997W102
—	PG&E CORP	10,000,000	$10.58M	0.2%	$1.09	—	NOTE 4.250%12/0	69331CAL2
HTZWW	HERTZ GLOBAL HLDGS INC	3,970,000	$8.972M	0.1%	$9.12	—	*W EXP 06/30/205	42806J148
AUR	AURORA INNOVATION INC	1,032,463	$6.943M	0.1%	$11.09	-35.5%	CLASS A COM	051774107
—	PG&E CORP	140,000	$6.264M	0.1%	$49.79	—	PFD CONV SER A	69331C306
FLYX	FLYEXCLUSIVE INC	1,022,000	$3.178M	0.0%	$5.50	-40.6%	COM CL A	343928107
AUROW	AURORA INNOVATION INC	1,835,000	$2.587M	0.0%	$2.99	—	*W EXP 11/03/202	051774115
NPWR/WS	NET POWER INC	500,000	$153K	0.0%	$3.36	—	*W EXP 06/08/202	64107A113
FLYX/WS	FLYEXCLUSIVE INC	367,499	$36,750	0.0%	$0.22	—	*W EXP 99/99/999	343928115
—	GLOBAL BLUE GROUP HOLDING AG	1,333,333	$29,600	0.0%	$0.64	—	*W EXP 08/28/202	H33700115