SEC FORM 13F LEDGER
Third Point LLC reported 13F holdings, quarter ended December 31, 2025
Third Point LLC reported 44 13(f) positions held on December 31, 2025, as filed with the SEC on February 17, 2026 under accession 0001040273-26-000001.
The filing on record
Legal name as filedThird Point LLC
CIK0001040273
Quarter end, positions held onDecember 31, 2025 (2025-12-31)
Filing date, reported to the SEC onFebruary 17, 2026 (2026-02-17)
Accession0001040273-26-000001
Form type13F-HR, 13F HOLDINGS REPORT
Snapshot revision1 of 1
Positions reported44
Total reported value (USD)$7,274,621,868
Completenesspositions omitted as confidential. This filing states that some positions were omitted under a confidential treatment request; the quarter is knowingly incomplete until an amendment discloses them.
Comparison basis2025-Q3 to 2025-Q4: 33 rows matched, 0 withheld, 13 excluded. 13 of 46 positions reported for 2025-09-30 are unmatched, above the 10% coverage floor; the snapshots and the exclusion list publish, the comparison does not
Reported positions
Where the two quarters cannot be compared honestly, the row says so and names the rule that withheld it. An absent security is not evidence of a sale: it may have left 13(f) scope, been granted confidential treatment, moved to a different reporting manager, or changed CUSIP in a corporate action.
| Issuer as reported | Title of class | CUSIP | Amount reported | Reported value (USD) | Reported change since the prior quarter on record |
|---|---|---|---|---|---|
| PG&E CORP | COM | 69331C108 | 34,300,000 shares | $551,201,000reported value from $755,508,000 to $551,201,000 | reported share count decreasedfrom 50,100,000 to 34,300,000 |
| NVIDIA CORPORATION | COM | 67066G104 | 2,950,000 shares | $550,175,000reported value from $531,753,000 to $550,175,000 | reported share count increasedfrom 2,850,000 to 2,950,000 |
| AMAZON COM INC | COM | 023135106 | 2,165,000 shares | $499,725,300reported value from $616,991,700 to $499,725,300 | reported share count decreasedfrom 2,810,000 to 2,165,000 |
| MICROSOFT CORP | COM | 594918104 | 925,000 shares | $447,348,500reported value from $569,745,000 to $447,348,500 | reported share count decreasedfrom 1,100,000 to 925,000 |
| UNION PAC CORP | COM | 907818108 | 1,810,000 shares | $418,689,200reported value from $206,823,750 to $418,689,200 | reported share count increasedfrom 875,000 to 1,810,000 |
| CRH PLC | ORD | G25508105 | 2,600,000 shares | $324,480,000reported value from $259,583,500 to $324,480,000 | reported share count increasedfrom 2,165,000 to 2,600,000 |
| SOMNIGROUP INTERNATIONAL INC | COM | 88023U101 | 3,400,000 shares | $303,552,000reported value from $252,990,000 to $303,552,000 | reported share count increasedfrom 3,000,000 to 3,400,000 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 | 6,200,000 shares | $284,518,000reported value from $320,611,500 to $284,518,000 | reported share count increasedfrom 4,675,000 to 6,200,000 |
| NORFOLK SOUTHN CORP | COM | 655844108 | 975,000 shares | $281,502,000reported value from $495,676,500 to $281,502,000 | reported share count decreasedfrom 1,650,000 to 975,000 |
| TELEPHONE & DATA SYS INC | COM NEW | 879433829 | 6,675,000 shares | $273,675,000reported value from $263,193,432 to $273,675,000 | reported share count decreasedfrom 6,707,274 to 6,675,000 |
| CAPITAL ONE FINL CORP | COM | 14040H105 | 1,100,000 shares | $266,596,000reported value from $294,423,300 to $266,596,000 | reported share count decreasedfrom 1,385,000 to 1,100,000 |
| CASEYS GEN STORES INC | COM | 147528103 | 455,000 shares | $251,483,050reported value from $282,660,000 to $251,483,050 | reported share count decreasedfrom 500,000 to 455,000 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 | 785,000 shares | $247,149,400reported value from $208,709,000 to $247,149,400 | reported share count decreasedfrom 850,000 to 785,000 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 | 1,725,000 shares | $245,812,500reported value from $220,590,000 to $245,812,500 | reported share count increasedfrom 1,350,000 to 1,725,000 |
| COSTAR GROUP INC | COM | 22160N109 | 3,165,000 shares | $212,814,600reported value from $254,544,290 to $212,814,600 | reported share count increasedfrom 3,017,000 to 3,165,000 |
| MASTEC INC | COM | 576323109 | 925,000 shares | $201,067,250reported value from $154,287,250 to $201,067,250 | reported share count increasedfrom 725,000 to 925,000 |
| ROCKET COS INC | COM CL A | 77311W101 | 9,515,000 shares | $184,210,400reported value from $77,520,000 to $184,210,400 | reported share count increasedfrom 4,000,000 to 9,515,000 |
| LPL FINL HLDGS INC | COM | 50212V100 | 510,000 shares | $182,156,700reported value from $197,665,435 to $182,156,700 | reported share count decreasedfrom 594,143 to 510,000 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 | 4,725,000 shares | $174,825,000 | newly reported this quarter |
| CONSTELLATION ENERGY CORP | COM | 21037T109 | 475,000 shares | $167,803,250 | newly reported this quarter |
| VISTRA CORP | COM | 92840M102 | 1,005,000 shares | $162,136,650reported value from $183,185,200 to $162,136,650 | reported share count increasedfrom 935,000 to 1,005,000 |
| DANAHER CORPORATION | COM | 235851102 | 600,000 shares | $137,352,000reported value from $9,913,000 to $137,352,000 | reported share count increasedfrom 50,000 to 600,000 |
| SHARKNINJA INC | COM SHS | G8068L108 | 1,200,000 shares | $134,280,000reported value from $185,670,000 to $134,280,000 | reported share count decreasedfrom 1,800,000 to 1,200,000 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | 425,000 shares | $129,153,250reported value from $307,219,000 to $129,153,250 | reported share count decreasedfrom 1,100,000 to 425,000 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | 825,000 shares | $120,928,500 | newly reported this quarter |
| API GROUP CORP | COM STK | 00187Y100 | 3,000,000 shares | $114,780,000 | newly reported this quarter |
| COMFORT SYS USA INC | COM | 199908104 | 105,000 shares | $97,995,450reported value from $165,036,000 to $97,995,450 | reported share count decreasedfrom 200,000 to 105,000 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 | 100,000 shares | $58,071,000 | newly reported this quarter |
| KENVUE INC | COM | 49177J102 | 3,250,000 shares | $56,062,500reported value from $146,070,000 to $56,062,500 | reported share count decreasedfrom 9,000,000 to 3,250,000 |
| PROGRESSIVE CORP | COM | 743315103 | 220,000 shares | $50,098,400 | newly reported this quarter |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | 50,000 shares | $28,972,500 | newly reported this quarter |
| STRATA CRITICAL MEDICAL INC | CL A COM | 092667104 | 5,000,000 shares | $24,050,000reported value from $25,300,000 to $24,050,000 | reported share count unchanged |
| WIX COM LTD | SHS | M98068105 | 225,000 shares | $23,375,250 | newly reported this quarter |
| CSX CORP | COM | 126408103 | 500,000 shares | $18,125,000 | newly reported this quarter |
| HERTZ GLOBAL HLDGS INC | *W EXP 06/30/205 | 42806J148 | 3,970,000 shares | $10,639,600reported value from $14,768,400 to $10,639,600 | reported share count unchanged |
| PG&E CORP | NOTE 4.250%12/0 | 69331CAL2 | 10,000,000 principal amount | $10,283,406reported value from $10,112,827 to $10,283,406 | reported principal amount |
| ARS PHARMACEUTICALS INC | COM | 82835W108 | 556,237 shares | $6,480,161 | newly reported this quarter |
| CLARITEV CORPORATION | CL A NEW | 62548M209 | 145,000 shares | $6,198,750 | newly reported this quarter |
| PG&E CORP | PFD CONV SER A | 69331C306 | 140,000 shares | $5,740,000reported value from $5,513,200 to $5,740,000 | reported share count unchanged |
| FLYEXCLUSIVE INC | COM CL A | 343928107 | 1,022,000 shares | $4,200,420reported value from $5,048,680 to $4,200,420 | reported share count unchanged |
| AURORA INNOVATION INC | CLASS A COM | 051774107 | 1,032,463 shares | $3,964,658reported value from $2,173,719 to $3,964,658 | reported share count unchanged |
| BAUSCH HEALTH COS INC | COM | 071734107 | 350,000 shares | $2,432,500reported value from $645,000 to $2,432,500 | reported share count increasedfrom 100,000 to 350,000 |
| AURORA INNOVATION INC | *W EXP 11/03/202 | 051774115 | 1,835,000 shares | $413,059reported value from $877,000 to $413,059 | reported share count unchanged |
| FLYEXCLUSIVE INC | *W EXP 99/99/999 | 343928115 | 367,499 shares | $104,664reported value from $116,681 to $104,664 | reported share count unchanged |
Revision history
| Revision | Basis | Form type | Filing date | Accession | Positions reported |
|---|---|---|---|---|---|
| 1 current | original | 13F-HR | 2026-02-17 | 0001040273-26-000001 | 44 |
Form 13F reports long positions in 13(f) securities held on the last day of the quarter. It excludes short positions, cash, and assets outside 13(f) scope. An absent security is not evidence of a sale.
Ledger last ingested 2026-09-15T16:14:17+00:00 (32 filings ingested, 8 quarantined). Form 13F is filed within 45 days of quarter end, so every figure here is at least that old, and amendments can change a closed quarter months later.
How to read this
A Form 13F is filed within 45 days of the quarter end it describes, so every figure on these pages was already at least that old the day it published. The quarter end and the filing date are labelled separately on every row and neither of them is today.
Form 13F is two quarter-end snapshots. It states no transaction, no transaction date and no transaction price, so a difference between two quarters is a difference between two reports and nothing more.
The filer is the entity named on the cover page. Where a filing lists other managers, that is an attribution of reporting responsibility, not an attribution of a decision to any individual.
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