In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Point72 Italy, S.r.l. reported 18 stock positions worth $120.5 million . Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 20.9% of the portfolio, followed by Broadcom (AVGO, 18.7% ) and Teradyne (TER, 9.0% ). Compared with Q2 2025, it opened 9 new positions, sold out of 20, added to 2 and reduced 7. The biggest buy was a new position in Broadcom (AVGO) and the biggest sale an exit from Nvidia (NVDA).
Location MILAN, L6
CIK 0002006887
Portfolio Value $120.5M (Q3 2025) Holdings 18 stocks · $120.5M Holdings quarter Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q2 2025 TSM Taiwan Semiconductor-SP ADR 90,316 $25.2M Add +57.0% AVGO Broadcom Inc. 68,217 $22.5M New TER Teradyne Inc. 78,336 $10.8M New MGA Magna International Inc. 225,633 $10.7M New ALV Autoliv Inc. 64,886 $8.0M Reduce -48.5% AMAT Applied Materials Inc. 34,226 $7.0M New META Meta Platforms Inc. Class A 9,044 $6.6M Reduce -62.5% PTON Peloton Interactive Inc. Class A 607,179 $5.5M New SPOT Spotify Technology SA 5,436 $3.8M Reduce -41.1% FERG Ferguson Enterprises Inc. 16,719 $3.8M New AMZN Amazon.com Inc. 14,566 $3.2M Reduce -71.8% RACE Ferrari NV 6,500 $3.2M Add +159.6% ADI Analog Devices Inc. 12,000 $2.9M Reduce -81.7% GM General Motors Co. 34,091 $2.1M Reduce -79.9% MSFT Microsoft Corp. 3,586 $1.9M Reduce -88.7% STLA Stellantis NV 149,155 $1.4M New MCHP Microchip Technology Inc. 16,794 $1.1M New RH RH 4,300 $874K New
Options reported separately and not counted above: MU puts ($14.2M).
Portfolio Sells Q2 2025 → Q3 2025 Portfolio Sells quarter Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2025 % Of Portfolio Change To Portfolio ▲ NVDA Nvidia Corp. Sold out 0.00% −14.49 AMD Advanced Micro Devices Sold out 0.00% −6.54 MSFT Microsoft Corp. Reduce -88.7% 1.54% −6.25 ADI Analog Devices Inc. Reduce -81.7% 2.45% −5.23 LRCX Lam Research Corp. Sold out 0.00% −4.34 APP AppLovin Corp. Class A Sold out 0.00% −4.20 VC Visteon Corp. Sold out 0.00% −4.00 META Meta Platforms Inc. Class A Reduce -62.5% 5.51% −3.26 AMZN Amazon.com Inc. Reduce -71.8% 2.65% −2.92 MBLY Mobileye Global Inc. Class A Sold out 0.00% −2.50 LOGI Logitech International-Reg Sold out 0.00% −2.47 GM General Motors Co. Reduce -79.9% 1.73% −2.39 RIVN Rivian Automotive Inc. Class A Sold out 0.00% −2.27 STM Stmicroelectronics NV-NY SHS Sold out 0.00% −1.18 ARM Arm Holdings PLC-ADR Sold out 0.00% −1.15 CVNA Carvana Co. Sold out 0.00% −1.02 CART Maplebear Inc. Sold out 0.00% −0.91 DIS The Walt Disney Co. Sold out 0.00% −0.79 VRT Vertiv Holdings Co. Class A Sold out 0.00% −0.54 DLTR Dollar Tree Inc. Sold out 0.00% −0.54 COHR Coherent Corp. Sold out 0.00% −0.53 PINS Pinterest Inc. Class A Sold out 0.00% −0.53 ROKU Roku Inc. Sold out 0.00% −0.43 SPOT Spotify Technology SA Reduce -41.1% 3.15% −0.34 ALV Autoliv Inc. Reduce -48.5% 6.65% −0.30 RDDT Reddit Inc. Class A Sold out 0.00% −0.10 LCID Lucid Group Inc. Sold out 0.00% −0.05
Portfolio Buys Q2 2025 → Q3 2025 Portfolio Buys quarter Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2025 % Of Portfolio Change To Portfolio ▼ AVGO Broadcom Inc. New 18.68% +18.68 TSM Taiwan Semiconductor-SP ADR Add +57.0% 20.94% +14.52 TER Teradyne Inc. New 8.95% +8.95 MGA Magna International Inc. New 8.87% +8.87 AMAT Applied Materials Inc. New 5.82% +5.82 PTON Peloton Interactive Inc. Class A New 4.54% +4.54 FERG Ferguson Enterprises Inc. New 3.12% +3.12 RACE Ferrari NV Add +159.6% 2.62% +2.01 STLA Stellantis NV New 1.16% +1.16 MCHP Microchip Technology Inc. New 0.90% +0.90 RH RH New 0.73% +0.73
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ MU Micron Technology Inc. put New 85,000 $14.2M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q3 2025 18 $120.5M TSM, AVGO, TER, MGA, ALV Q2 2025 29 $202.9M NVDA, META, MSFT, ADI, ALV Q1 2025 24 $101.5M QCOM, LRCX, BKNG, ADI, AMD Q4 2024 28 $181.1M GOOGL, TER, NVDA, MRVL, GM Q3 2024 32 $305.7M NVDA, TSM, COHR, AMD, AVGO Q2 2024 23 $231.0M NVDA, TSM, PULS, MU, AVGO Q1 2024 24 $243.8M NVDA, GOOGL, GM, MU, NXPI