Third Point LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CMG	CHIPOTLE MEXICAN GRILL INC	4,725,000	$174,825	2.4%	$36.17	0.0%	COM	169656105
CEG	CONSTELLATION ENERGY CORP	475,000	$167,803	2.3%	$363.20	0.0%	COM	21037T109
BABA	ALIBABA GROUP HLDG LTD	825,000	$120,929	1.7%	$146.58	—	SPONSORED ADS	01609W102
APG	API GROUP CORP	3,000,000	$114,780	1.6%	$36.98	0.0%	COM STK	00187Y100
SPOT	SPOTIFY TECHNOLOGY S A	100,000	$58,071	0.8%	$625.13	0.0%	SHS	L8681T102
PGR	PROGRESSIVE CORP	220,000	$50,098	0.7%	$212.34	0.0%	COM	743315103
TMO	THERMO FISHER SCIENTIFIC INC	50,000	$28,973	0.4%	$565.16	0.0%	COM	883556102
WIX	WIX COM LTD	225,000	$23,375	0.3%	$120.92	0.0%	SHS	M98068105
CSX	CSX CORP	500,000	$18,125	0.2%	$35.70	0.0%	COM	126408103
SPRY	ARS PHARMACEUTICALS INC	556,237	$6,480	0.1%	$9.72	0.0%	COM	82835W108
CTEV	CLARITEV CORPORATION	145,000	$6,199	0.1%	$50.88	0.0%	CL A NEW	62548M209

Increased Positions (12)

UNP UNION PAC CORP 5.8%

Value ($000) $418,689 (+102.4%) Shares 1,810,000 (+106.9%) Est. Cost $225.30 Unrealized +0.9%

DHR DANAHER CORPORATION 1.9%

Value ($000) $137,352 (+1285.6%) Shares 600,000 (+1100.0%) Est. Cost $217.33 Unrealized +1.0%

RKT ROCKET COS INC 2.5%

Value ($000) $184,210 (+137.6%) Shares 9,515,000 (+137.9%) Est. Cost $15.82 Unrealized +13.0%

CRH CRH PLC 4.5%

Value ($000) $324,480 (+25.0%) Shares 2,600,000 (+20.1%) Est. Cost $90.56 Unrealized +31.5%

SGI SOMNIGROUP INTERNATIONAL INC 4.2%

Value ($000) $303,552 (+20.0%) Shares 3,400,000 (+13.3%) Est. Cost $79.81 Unrealized +9.5%

MTZ MASTEC INC 2.8%

Value ($000) $201,067 (+30.3%) Shares 925,000 (+27.6%) Est. Cost $188.90 Unrealized +11.1%

CSGP COSTAR GROUP INC 2.9%

Value ($000) $212,815 (-16.4%) Shares 3,165,000 (+4.9%) Est. Cost $76.46 Unrealized -7.4%

BN BROOKFIELD CORP 3.9%

Value ($000) $284,518 (-11.3%) Shares 6,200,000 (+32.6%) Est. Cost $35.41 Unrealized +28.6%

LYV LIVE NATION ENTERTAINMENT IN 3.4%

Value ($000) $245,813 (+11.4%) Shares 1,725,000 (+27.8%) Est. Cost $111.75 Unrealized +28.6%

VST VISTRA CORP 2.2%

Value ($000) $162,137 (-11.5%) Shares 1,005,000 (+7.5%) Est. Cost $72.76 Unrealized +150.0%

NVDA NVIDIA CORPORATION 7.6%

Value ($000) $550,175 (+3.5%) Shares 2,950,000 (+3.5%) Est. Cost $129.13 Unrealized +44.1%

BHC BAUSCH HEALTH COS INC 0.0%

Value ($000) $2,433 (+277.1%) Shares 350,000 (+250.0%) Est. Cost $6.65 Unrealized -1.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
UNP	UNION PAC CORP	1,810,000 (+106.9%)	$418,689 (+102.4%)	5.8%	$225.30	+0.9%	COM	907818108
DHR	DANAHER CORPORATION	600,000 (+1100.0%)	$137,352 (+1285.6%)	1.9%	$217.33	+1.0%	COM	235851102
RKT	ROCKET COS INC	9,515,000 (+137.9%)	$184,210 (+137.6%)	2.5%	$15.82	+13.0%	COM CL A	77311W101
CRH	CRH PLC	2,600,000 (+20.1%)	$324,480 (+25.0%)	4.5%	$90.56	+31.5%	ORD	G25508105
SGI	SOMNIGROUP INTERNATIONAL INC	3,400,000 (+13.3%)	$303,552 (+20.0%)	4.2%	$79.81	+9.5%	COM	88023U101
MTZ	MASTEC INC	925,000 (+27.6%)	$201,067 (+30.3%)	2.8%	$188.90	+11.1%	COM	576323109
CSGP	COSTAR GROUP INC	3,165,000 (+4.9%)	$212,815 (-16.4%)	2.9%	$76.46	-7.4%	COM	22160N109
BN	BROOKFIELD CORP	6,200,000 (+32.6%)	$284,518 (-11.3%)	3.9%	$35.41	+28.6%	CL A LTD VT SH	11271J107
LYV	LIVE NATION ENTERTAINMENT IN	1,725,000 (+27.8%)	$245,813 (+11.4%)	3.4%	$111.75	+28.6%	COM	538034109
VST	VISTRA CORP	1,005,000 (+7.5%)	$162,137 (-11.5%)	2.2%	$72.76	+150.0%	COM	92840M102
NVDA	NVIDIA CORPORATION	2,950,000 (+3.5%)	$550,175 (+3.5%)	7.6%	$129.13	+44.1%	COM	67066G104
BHC	BAUSCH HEALTH COS INC	350,000 (+250.0%)	$2,433 (+277.1%)	0.0%	$6.65	-1.1%	COM	071734107

Exited Positions (13)

SPY SPDR S&P 500 ETF TR 8.0%

Value ($000) $582,908 Shares 875,000 Est. Cost — Unrealized —

FLUT FLUTTER ENTMT PLC 3.9%

Value ($000) $284,480 Shares 1,120,000 Est. Cost $233.78 Unrealized -3.8%

— MR COOPER GROUP INC 2.7%

Value ($000) $194,981 Shares 925,000 Est. Cost $149.21 Unrealized —

META META PLATFORMS INC 2.2%

Value ($000) $161,564 Shares 220,000 Est. Cost $656.90 Unrealized +1.6%

TLN TALEN ENERGY CORP 2.0%

Value ($000) $148,883 Shares 350,000 Est. Cost $222.08 Unrealized +75.0%

J JACOBS SOLUTIONS INC 1.9%

Value ($000) $137,122 Shares 915,000 Est. Cost $96.67 Unrealized +51.5%

PRMB PRIMO BRANDS CORPORATION 1.8%

Value ($000) $127,628 Shares 5,775,000 Est. Cost $30.39 Unrealized -39.2%

FND FLOOR & DECOR HLDGS INC 1.3%

Value ($000) $98,021 Shares 1,330,000 Est. Cost $81.96 Unrealized -20.9%

APO APOLLO GLOBAL MGMT INC 1.2%

Value ($000) $86,626 Shares 650,000 Est. Cost $134.62 Unrealized -1.5%

— APOLLO GLOBAL MGMT INC 0.9%

Value ($000) $63,252 Shares 900,000 Est. Cost $55.10 Unrealized —

CORZ CORE SCIENTIFIC INC NEW 0.7%

Value ($000) $53,820 Shares 3,000,000 Est. Cost $14.67 Unrealized +18.9%

KVUE KENVUE INC 0.3%

Value ($000) $24,345 Shares 1,500,000 Est. Cost $21.31 Unrealized -23.7%

CYH COMMUNITY HEALTH SYS INC NEW 0.0%

Value ($000) $482 Shares 150,000 Est. Cost $3.00 Unrealized +12.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	875,000	$582,908	8.0%	—	—	PUT	78462F103
FLUT	FLUTTER ENTMT PLC	1,120,000	$284,480	3.9%	$233.78	-3.8%	—	G3643J108
—	MR COOPER GROUP INC	925,000	$194,981	2.7%	$149.21	—	—	62482R107
META	META PLATFORMS INC	220,000	$161,564	2.2%	$656.90	+1.6%	—	30303M102
TLN	TALEN ENERGY CORP	350,000	$148,883	2.0%	$222.08	+75.0%	—	87422Q109
J	JACOBS SOLUTIONS INC	915,000	$137,122	1.9%	$96.67	+51.5%	—	46982L108
PRMB	PRIMO BRANDS CORPORATION	5,775,000	$127,628	1.8%	$30.39	-39.2%	—	741623102
FND	FLOOR & DECOR HLDGS INC	1,330,000	$98,021	1.3%	$81.96	-20.9%	—	339750101
APO	APOLLO GLOBAL MGMT INC	650,000	$86,626	1.2%	$134.62	-1.5%	—	03769M106
—	APOLLO GLOBAL MGMT INC	900,000	$63,252	0.9%	$55.10	—	—	03769M304
CORZ	CORE SCIENTIFIC INC NEW	3,000,000	$53,820	0.7%	$14.67	+18.9%	—	21874A106
KVUE	KENVUE INC	1,500,000	$24,345	0.3%	$21.31	-23.7%	CALL	49177J102
CYH	COMMUNITY HEALTH SYS INC NEW	150,000	$482	0.0%	$3.00	+12.1%	—	203668108

Decreased Positions (12)

NSC NORFOLK SOUTHN CORP 3.9%

Value ($000) $281,502 (-43.2%) Shares 975,000 (-40.9%) Est. Cost $276.03 Unrealized +4.6%

PCG PG&E CORP 7.6%

Value ($000) $551,201 (-27.0%) Shares 34,300,000 (-31.5%) Est. Cost $10.02 Unrealized +58.9%

TSM TAIWAN SEMICONDUCTOR MFG LTD 1.8%

Value ($000) $129,153 (-58.0%) Shares 425,000 (-61.4%) Est. Cost $131.52 Unrealized —

MSFT MICROSOFT CORP 6.1%

Value ($000) $447,349 (-21.5%) Shares 925,000 (-15.9%) Est. Cost $436.80 Unrealized +14.6%

AMZN AMAZON COM INC 6.9%

Value ($000) $499,725 (-19.0%) Shares 2,165,000 (-23.0%) Est. Cost $138.38 Unrealized +65.3%

KVUE KENVUE INC 0.8%

Value ($000) $56,063 (-61.6%) Shares 3,250,000 (-63.9%) Est. Cost $21.31 Unrealized -23.7%

FIX COMFORT SYS USA INC 1.3%

Value ($000) $97,995 (-40.6%) Shares 105,000 (-47.5%) Est. Cost $453.04 Unrealized +103.7%

SN SHARKNINJA INC 1.8%

Value ($000) $134,280 (-27.7%) Shares 1,200,000 (-33.3%) Est. Cost $100.39 Unrealized -1.8%

CRS CARPENTER TECHNOLOGY CORP 3.4%

Value ($000) $247,149 (+18.4%) Shares 785,000 (-7.6%) Est. Cost $156.44 Unrealized +92.1%

CASY CASEYS GEN STORES INC 3.5%

Value ($000) $251,483 (-11.0%) Shares 455,000 (-9.0%) Est. Cost $446.05 Unrealized +23.2%

COF CAPITAL ONE FINL CORP 3.7%

Value ($000) $266,596 (-9.5%) Shares 1,100,000 (-20.6%) Est. Cost $177.80 Unrealized +25.0%

LPLA LPL FINL HLDGS INC 2.5%

Value ($000) $182,157 (-7.8%) Shares 510,000 (-14.2%) Est. Cost $243.60 Unrealized +45.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NSC	NORFOLK SOUTHN CORP	975,000 (-40.9%)	$281,502 (-43.2%)	3.9%	$276.03	+4.6%	COM	655844108
PCG	PG&E CORP	34,300,000 (-31.5%)	$551,201 (-27.0%)	7.6%	$10.02	+58.9%	COM	69331C108
TSM	TAIWAN SEMICONDUCTOR MFG LTD	425,000 (-61.4%)	$129,153 (-58.0%)	1.8%	$131.52	—	SPONSORED ADS	874039100
MSFT	MICROSOFT CORP	925,000 (-15.9%)	$447,349 (-21.5%)	6.1%	$436.80	+14.6%	COM	594918104
AMZN	AMAZON COM INC	2,165,000 (-23.0%)	$499,725 (-19.0%)	6.9%	$138.38	+65.3%	COM	023135106
KVUE	KENVUE INC	3,250,000 (-63.9%)	$56,063 (-61.6%)	0.8%	$21.31	-23.7%	COM	49177J102
FIX	COMFORT SYS USA INC	105,000 (-47.5%)	$97,995 (-40.6%)	1.3%	$453.04	+103.7%	COM	199908104
SN	SHARKNINJA INC	1,200,000 (-33.3%)	$134,280 (-27.7%)	1.8%	$100.39	-1.8%	COM SHS	G8068L108
CRS	CARPENTER TECHNOLOGY CORP	785,000 (-7.6%)	$247,149 (+18.4%)	3.4%	$156.44	+92.1%	COM	144285103
CASY	CASEYS GEN STORES INC	455,000 (-9.0%)	$251,483 (-11.0%)	3.5%	$446.05	+23.2%	COM	147528103
COF	CAPITAL ONE FINL CORP	1,100,000 (-20.6%)	$266,596 (-9.5%)	3.7%	$177.80	+25.0%	COM	14040H105
LPLA	LPL FINL HLDGS INC	510,000 (-14.2%)	$182,157 (-7.8%)	2.5%	$243.60	+45.2%	COM	50212V100

Unchanged Positions (9)

TDS TELEPHONE & DATA SYS INC 3.8%

Value ($000) $273,675 Shares 6,675,000 Est. Cost $24.99 Unrealized +55.9%

HTZWW HERTZ GLOBAL HLDGS INC 0.1%

Value ($000) $10,640 Shares 3,970,000 Est. Cost $9.12 Unrealized —

AUR AURORA INNOVATION INC 0.1%

Value ($000) $3,965 Shares 1,032,463 Est. Cost $11.09 Unrealized -58.7%

SRTA STRATA CRITICAL MEDICAL INC 0.3%

Value ($000) $24,050 Shares 5,000,000 Est. Cost $4.42 Unrealized +9.5%

FLYX FLYEXCLUSIVE INC 0.1%

Value ($000) $4,200 Shares 1,022,000 Est. Cost $5.50 Unrealized -33.3%

AUROW AURORA INNOVATION INC 0.0%

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

— PG&E CORP 0.1%

Value ($000) $5,740 Shares 140,000 Est. Cost $49.79 Unrealized —

— PG&E CORP 0.1%

Value ($000) $10,283 Shares 10,000,000 Est. Cost $1.09 Unrealized —

FLYX/WS FLYEXCLUSIVE INC 0.0%

Value ($000) $105 Shares 367,499 Est. Cost $0.22 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TDS	TELEPHONE & DATA SYS INC	6,675,000	$273,675	3.8%	$24.99	+55.9%	COM NEW	879433829
HTZWW	HERTZ GLOBAL HLDGS INC	3,970,000	$10,640	0.1%	$9.12	—	*W EXP 06/30/205	42806J148
AUR	AURORA INNOVATION INC	1,032,463	$3,965	0.1%	$11.09	-58.7%	CLASS A COM	051774107
SRTA	STRATA CRITICAL MEDICAL INC	5,000,000	$24,050	0.3%	$4.42	+9.5%	CL A COM	092667104
FLYX	FLYEXCLUSIVE INC	1,022,000	$4,200	0.1%	$5.50	-33.3%	COM CL A	343928107
AUROW	AURORA INNOVATION INC	1,835,000	$413	0.0%	$2.99	—	*W EXP 11/03/202	051774115
—	PG&E CORP	140,000	$5,740	0.1%	$49.79	—	PFD CONV SER A	69331C306
—	PG&E CORP	10,000,000	$10,283	0.1%	$1.09	—	NOTE 4.250%12/0	69331CAL2
FLYX/WS	FLYEXCLUSIVE INC	367,499	$105	0.0%	$0.22	—	*W EXP 99/99/999	343928115