Solvnode

Dan Loeb

Third Point LLC

Report date Sep 30, 2025 · 25 quarters available

Filed Nov 14, 2025, 45 days after the quarter ended · 13F-HR 0001040273-25-000003

Q2 2026 13F data is not published yet; the SEC filing deadline is August 14, 2026.

Reported portfolio value$9.0B18.0% vs. previous quarter
Positions4510 new, 16 closed
Top-five concentration34.0%of the reported portfolio
Largest positionPCGP G & E CORP · 8.4% weight

Portfolio structure

Size by reported market value, hue by sector
Q3 2025

Sector allocation

Share of portfolio value · derived from SEC SIC codes, not licensed GICS data

Segments run in GICS sector order

  • Materials2.3%
  • Industrials13.1%
  • Consumer Discretionary19.2%
  • Consumer Staples3.3%
  • Health Care0.3%
  • Financials7.9%
  • Information Technology15.7%
  • Communication Services4.7%
  • Utilities12.1%
  • Real Estate3.6%
  • Unclassified11.1%
  • No Issuer Sector6.8%

88.1% of the value that can carry an issuer sector is classified; a further 6.8% of the portfolio has no issuer sector to resolve · rule set sic-sector-v2

Sector Allocation Over Time

All available quarters · Share of portfolio value
25 quarters

At least one quarter in this series is too sparsely classified for the shape of the bands to be read as a rotation, so the series is withheld. How sectors are derived

All positions

Sorted by portfolio weight, high to low
PCGP G & E CORPCUSIP 69331C108
Utilities$0.76B
8.4%
Reduced
AMZNAMAZON.COM INCCUSIP 023135106Supply-chain analysis
Consumer Discretionary$0.62B
6.9%
Increased
SPYSS SPDR S&P 500 ETF TRUST-USCUSIP 78462F103
No Issuer Sector$0.58B
6.5%
New
MSFTMICROSOFT CORPCUSIP 594918104
Information Technology$0.57B
6.3%
Increased
NVDANVIDIA CORPCUSIP 67066G104Supply-chain analysisas of Q1 2025
Information Technology$0.53B
5.9%
Increased
NSCNORFOLK SOUTHERN CORPCUSIP 655844108
Industrials$0.50B
5.5%
New
BNBROOKFIELD CORPCUSIP 11271J107Supply-chain analysisas of Q4 2025
Real Estate$0.32B
3.6%
Unchanged
TSMTAIWAN SEMICONDUCTOR-SP ADRCUSIP 874039100Supply-chain analysis
Information Technology$0.31B
3.4%
Reduced
COFCAPITAL ONE FINANCIAL CORPCUSIP 14040H105
Financials$0.29B
3.3%
Reduced
Ticker unavailableFLUTTER ENTMT PLCCUSIP G3643J108
Unclassified$0.28B
3.2%
Increased
CASYCASEY'S GENERAL STORES INCCUSIP 147528103
Consumer Discretionary$0.28B
3.1%
Increased
TDSTELEPHONE AND DATA SYSTEMSCUSIP 879433829
Communication Services$0.26B
2.9%
Reduced
Ticker unavailableCRH PLCCUSIP G25508105
Unclassified$0.26B
2.9%
Reduced
CSGPCOSTAR GROUP INCCUSIP 22160N109
Consumer Discretionary$0.25B
2.8%
Reduced
SGISOMNIGROUP INTERNATIONAL INCCUSIP 88023U101
Consumer Discretionary$0.25B
2.8%
New
LYVLIVE NATION ENTERTAINMENT INCUSIP 538034109
Consumer Discretionary$0.22B
2.5%
Reduced
CRSCARPENTER TECHNOLOGYCUSIP 144285103
Materials$0.21B
2.3%
Increased
UNPUNION PACIFIC CORPCUSIP 907818108
Industrials$0.21B
2.3%
New
LPLALPL FINANCIAL HOLDINGS INCCUSIP 50212V100
Financials$0.20B
2.2%
Reduced
07WAMR COOPER GROUP INCCUSIP 62482R107
Unclassified$0.19B
2.2%
Unchanged
Ticker unavailableSHARKNINJA INCCUSIP G8068L108
Unclassified$0.19B
2.1%
Increased
VSTVISTRA CORPCUSIP 92840M102Supply-chain analysis
Utilities$0.18B
2.0%
Reduced
KVUEKENVUE INCCUSIP 49177J102
Consumer Staples$0.17B
1.9%
Increased
FIXCOMFORT SYSTEMS USA INCCUSIP 199908104
Industrials$0.17B
1.8%
Increased
METAMETA PLATFORMS INC-CLASS ACUSIP 30303M102
Communication Services$0.16B
1.8%
Increased
MTZMASTEC INCCUSIP 576323109
Industrials$0.15B
1.7%
New
TLNTALEN ENERGY CORPCUSIP 87422Q109
Utilities$0.15B
1.7%
Reduced
JJACOBS SOLUTIONS INCCUSIP 46982L108
Industrials$0.14B
1.5%
Reduced
PRMBPRIMO BRANDS CORPCUSIP 741623102
Consumer Staples$0.13B
1.4%
Unchanged
FNDFLOOR & DECOR HOLDINGS INC-ACUSIP 339750101
Consumer Discretionary$0.10B
1.1%
New
APOAPOLLO GLOBAL MANAGEMENT INCCUSIP 03769M106
Financials$0.09B
1.0%
Reduced
RKTROCKET COS INC-CLASS ACUSIP 77311W101
Financials$0.08B
0.9%
Reduced
APO 6.75 07/31/26APOLLO GLOBAL MANAGEMENTCUSIP 03769M304
Unclassified$0.06B
0.7%
Unchanged
CORZCORE SCIENTIFIC INCCUSIP 21874A106
Financials$0.05B
0.6%
New
SRTASTRATA CRITICAL MEDICAL INCCUSIP 092667104
Health Care$0.03B
0.3%
New
HTZWWHERTZ GLOBAL HLDGS INC -CW51CUSIP 42806J148
No Issuer Sector$0.01B
0.2%
Unchanged
PCG 4.25 12/01/27PG&E CORPCUSIP 69331CAL2
No Issuer Sector$0.01B
0.1%
Unchanged
DHRDANAHER CORPCUSIP 235851102
Industrials$0.01B
0.1%
Reduced
PCG 6 12/01/27 APG&E CORPCUSIP 69331C306
Unclassified$0.01B
0.1%
Unchanged
FLYXFLYEXCLUSIVE INCCUSIP 343928107
Industrials$0.01B
0.1%
Unchanged
AURAURORA INNOVATION INCCUSIP 051774107
Information Technology$0.00B
0.0%
Unchanged
AUROWAURORA INNOVATION INC -CW28CUSIP 051774115
No Issuer Sector$0.00B
0.0%
Unchanged
BHCBAUSCH HEALTH COS INCCUSIP 071734107
Health Care$0.00B
0.0%
New
CYHCOMMUNITY HEALTH SYSTEMS INCCUSIP 203668108
Health Care$0.00B
0.0%
New
FLYX/WSEG ACQUISITION CORP-A -CW28CUSIP 343928115
No Issuer Sector$0.00B
0.0%
Unchanged
Dan Loeb · Q3 2025 | Solvnode