Solvnode

Dan Loeb

Third Point LLC

Report date Dec 31, 2025 · 25 quarters available

Filed Feb 17, 2026, 48 days after the quarter ended · 13F-HR 0001040273-26-000001

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

Reported portfolio value$7.3B-19.1% vs. previous quarter
Positions4411 new, 12 closed
Top-five concentration33.9%of the reported portfolio
Largest positionPCGP G & E CORP · 7.6% weight

Portfolio structure

Size by reported market value, hue by sector
Q4 2025

Sector allocation

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

Segments run in GICS sector order

  • Materials3.4%
  • Industrials16.3%
  • Consumer Discretionary26.5%
  • Consumer Staples0.8%
  • Health Care0.5%
  • Financials9.4%
  • Information Technology15.5%
  • Communication Services3.8%
  • Utilities12.1%
  • Real Estate3.9%
  • Unclassified7.5%
  • No Issuer Sector0.3%

92.5% of the value that can carry an issuer sector is classified · 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$0.55B
7.6%
Reduced
Information Technology$0.55B
7.6%
Increased
Consumer Discretionary$0.50B
6.9%
Reduced
MSFTMICROSOFT CORPCUSIP 594918104
Information Technology$0.45B
6.1%
Reduced
UNPUNION PACIFIC CORPCUSIP 907818108
Industrials$0.42B
5.8%
Increased
Ticker unavailableCRH PLCCUSIP G25508105
Unclassified$0.32B
4.5%
Increased
Consumer Discretionary$0.30B
4.2%
Increased
Real Estate$0.28B
3.9%
Increased
NSCNORFOLK SOUTHERN CORPCUSIP 655844108
Industrials$0.28B
3.9%
Reduced
TDSTELEPHONE AND DATA SYSTEMSCUSIP 879433829
Communication Services$0.27B
3.8%
Reduced
COFCAPITAL ONE FINANCIAL CORPCUSIP 14040H105
Financials$0.27B
3.7%
Reduced
CASYCASEY'S GENERAL STORES INCCUSIP 147528103
Consumer Discretionary$0.25B
3.5%
Reduced
CRSCARPENTER TECHNOLOGYCUSIP 144285103
Materials$0.25B
3.4%
Reduced
Consumer Discretionary$0.25B
3.4%
Increased
CSGPCOSTAR GROUP INCCUSIP 22160N109
Consumer Discretionary$0.21B
2.9%
Increased
MTZMASTEC INCCUSIP 576323109
Industrials$0.20B
2.8%
Increased
RKTROCKET COS INC-CLASS ACUSIP 77311W101
Financials$0.18B
2.5%
Increased
LPLALPL FINANCIAL HOLDINGS INCCUSIP 50212V100
Financials$0.18B
2.5%
Reduced
CMGCHIPOTLE MEXICAN GRILL INCCUSIP 169656105
Consumer Discretionary$0.17B
2.4%
New
CEGCONSTELLATION ENERGYCUSIP 21037T109
Utilities$0.17B
2.3%
New
Utilities$0.16B
2.2%
Increased
DHRDANAHER CORPCUSIP 235851102
Industrials$0.14B
1.9%
Increased
Ticker unavailableSHARKNINJA INCCUSIP G8068L108
Unclassified$0.13B
1.8%
Reduced
Information Technology$0.13B
1.8%
Reduced
BABAALIBABA GROUP HOLDING-SP ADRCUSIP 01609W102
Consumer Discretionary$0.12B
1.7%
New
APGAPI GROUP CORPCUSIP 00187Y100
Consumer Discretionary$0.11B
1.6%
New
FIXCOMFORT SYSTEMS USA INCCUSIP 199908104
Industrials$0.10B
1.3%
Reduced
Ticker unavailableSPOTIFY TECHNOLOGY S ACUSIP L8681T102
Unclassified$0.06B
0.8%
New
KVUEKENVUE INCCUSIP 49177J102
Consumer Staples$0.06B
0.8%
Reduced
PGRPROGRESSIVE CORPCUSIP 743315103
Financials$0.05B
0.7%
New
Industrials$0.03B
0.4%
New
SRTASTRATA CRITICAL MEDICAL INCCUSIP 092667104
Health Care$0.02B
0.3%
Unchanged
Ticker unavailableWIX COM LTDCUSIP M98068105
Unclassified$0.02B
0.3%
New
CSXCSX CORPCUSIP 126408103
Industrials$0.02B
0.2%
New
HTZWWHERTZ GLOBAL HLDGS INC -CW51CUSIP 42806J148
No Issuer Sector$0.01B
0.1%
Unchanged
PCG 4.25 12/01/27PG&E CORPCUSIP 69331CAL2
No Issuer Sector$0.01B
0.1%
Unchanged
SPRYARS PHARMACEUTICALS INCCUSIP 82835W108
Health Care$0.01B
0.1%
New
CTEVCLARITEV CORPCUSIP 62548M209
Consumer Discretionary$0.01B
0.1%
New
PCG 6 12/01/27 APG&E CORPCUSIP 69331C306
Unclassified$0.01B
0.1%
Unchanged
FLYXFLYEXCLUSIVE INCCUSIP 343928107
Industrials$0.00B
0.1%
Unchanged
AURAURORA INNOVATION INCCUSIP 051774107
Information Technology$0.00B
0.1%
Unchanged
BHCBAUSCH HEALTH COS INCCUSIP 071734107
Health Care$0.00B
0.0%
Increased
AUROWAURORA INNOVATION INC -CW28CUSIP 051774115
No Issuer Sector$0.00B
0.0%
Unchanged
FLYX/WSEG ACQUISITION CORP-A -CW28CUSIP 343928115
No Issuer Sector$0.00B
0.0%
Unchanged
Dan Loeb · Q4 2025 | Solvnode