In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Dan Loeb's Third Point reported 36 stock positions worth $7.3 billion . Its top holding was P G & E (PCG) at 13.3% of the portfolio, followed by Amazon.com (AMZN, 10.3% ) and Danaher (DHR, 5.9% ). Compared with Q3 2024, it opened 9 new positions, sold out of 8, added to 11 and reduced 9. The biggest buy was a new position in Thermo Fisher Scientific (TMO) and the biggest sale an exit from Bath & Body Works (BBWI).
Notable People Dan Loeb
Location NEW YORK, NY
CIK 0001040273
Portfolio Value $7.3B (Q4 2024) Holdings 36 stocks · $7.3B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q3 2024 PCG P G & E Corp. 48,500,000 $978.7M Reduce -2.5% AMZN Amazon.com Inc. 3,450,000 $756.9M Reduce -6.8% DHR Danaher Corp. 1,900,000 $436.1M Reduce -2.6% META Meta Platforms Inc. Class A 665,000 $389.4M Add +22.0% TSM Taiwan Semiconductor-SP ADR 1,780,000 $351.5M No change ICE Intercontinental Exchange Inc. 2,085,000 $310.7M No change BN Brookfield Corp. 4,990,000 $286.7M Add +5.6% MSFT Microsoft Corp. 600,000 $252.9M Reduce -31.0% CRH CRH PLC 2,715,000 $251.2M Add +32.4% FLUT Flutter Entertainment PLC-Di 870,000 $224.9M Add +70.6% LYV Live Nation Entertainment Inc. 1,720,000 $222.7M Reduce -26.5% J Jacobs Solutions Inc. 1,650,000 $220.5M No change LPLA LPL Financial Holdings Inc. 655,000 $213.9M Add +35.0% FERG Ferguson Enterprises Inc. 1,200,000 $208.3M Add +24.4% CPAY Corpay Inc. 610,000 $206.4M Reduce -20.3% TDS Telephone and Data Systems 6,000,000 $204.7M Add +108.7% TSLA Tesla Inc. 500,000 $201.9M Add +25.0% TMO Thermo Fisher Scientific Inc. 350,000 $182.1M New COF Capital One Financial Corp. 925,000 $164.9M New CRS Carpenter Technology 870,000 $147.6M Add +31.8% FTV Fortive Corp. 1,900,000 $142.5M New VST Vistra Corp. 1,000,000 $137.9M Reduce -68.5% EQT Eqt Corp. 2,950,000 $136.0M Add +51.3% WDAY Workday Inc. Class A 500,000 $129.0M New CNK Cinemark Holdings Inc. 3,750,000 $116.2M Reduce -46.4% DFS Discover Financial Services 640,000 $110.9M New HES Hess Corp. 625,000 $83.1M No change PRMB Primo Brands Corp. 2,400,000 $73.8M New APO Apollo Global Management Inc. 400,000 $66.1M Reduce -57.9% GB Global Blue Group Holding AG 8,387,601 $58.1M No change SDRL Seadrill Limited 1,025,000 $39.9M New SHCO Soho House & Co. Inc. 2,352,076 $17.5M New PG&E CORP (PCG 4.25 12/01/27) 10,000,000 $10.9M New AUR Aurora Innovation Inc. 1,032,463 $6.5M No change FLYX Flyexclusive Inc. 1,022,000 $3.2M No change CCO Clear Channel Outdoor Holdin 900,000 $1.2M Add +5.9%
Other holdings (7): bonds, preferreds, convertibles and warrants · $97.6M (not counted above) Security Class Shares / Principal Value Change APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV 900,000 $78.2M No change HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 3,970,000 $8.5M No change PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A 140,000 $7.0M New AUROW Aurora Innovation Inc. -CW28 *W EXP 11/03/202 1,835,000 $1.9M No change NPWR.WS Rice Acquisition Corp. II-CW *W EXP 06/08/202 500,000 $1.8M No change FLYX.WS Eg Acquisition Corp.-A -CW28 *W EXP 99/99/999 367,499 $66K No change GBGWF Global Blue Group Holding AG *W EXP 08/28/202 1,333,333 $41K No change
Total filed on the 13F, all lines: $7.4B.
Portfolio Sells Q3 2024 → Q4 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▲ BBWI Bath & Body Works Inc. Sold out 0.00% −5.11 VST Vistra Corp. Reduce -68.5% 1.88% −3.24 AAPL Apple Inc. Sold out 0.00% −2.94 ROP Roper Technologies Inc. Sold out 0.00% −1.81 MSFT Microsoft Corp. Reduce -31.0% 3.44% −1.64 DHR Danaher Corp. Reduce -2.6% 5.94% −1.43 APH Amphenol Corp. Class A Sold out 0.00% −1.42 CVS CVS Health Corp. Sold out 0.00% −1.35 ANSS Ansys Inc. Sold out 0.00% −1.10 CNK Cinemark Holdings Inc. Reduce -46.4% 1.58% −1.07 APO Apollo Global Management Inc. Reduce -57.9% 0.90% −0.71 LYV Live Nation Entertainment Inc. Reduce -26.5% 3.03% −0.45 CPAY Corpay Inc. Reduce -20.3% 2.81% −0.44 AD Array Digital Infrastructure Sold out 0.00% −0.41 HE Hawaiian Electric Inds Sold out 0.00% −0.20 PCG P G & E Corp. Reduce -2.5% 13.33% −0.04 AMZN Amazon.com Inc. Reduce -6.8% 10.31% +0.94
Portfolio Buys Q3 2024 → Q4 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▼ TMO Thermo Fisher Scientific Inc. New 2.48% +2.48 COF Capital One Financial Corp. New 2.25% +2.25 FTV Fortive Corp. New 1.94% +1.94 TDS Telephone and Data Systems Add +108.7% 2.79% +1.88 WDAY Workday Inc. Class A New 1.76% +1.76 DFS Discover Financial Services New 1.51% +1.51 FLUT Flutter Entertainment PLC-Di Add +70.6% 3.06% +1.42 LPLA LPL Financial Holdings Inc. Add +35.0% 2.91% +1.38 TSLA Tesla Inc. Add +25.0% 2.75% +1.33 META Meta Platforms Inc. Class A Add +22.0% 5.30% +1.06 PRMB Primo Brands Corp. New 1.01% +1.01 EQT Eqt Corp. Add +51.3% 1.85% +0.88 CRH CRH PLC Add +32.4% 3.42% +0.84 CRS Carpenter Technology Add +31.8% 2.01% +0.58 SDRL Seadrill Limited New 0.54% +0.54 BN Brookfield Corp. Add +5.6% 3.90% +0.49 SHCO Soho House & Co. Inc. New 0.24% +0.24 FERG Ferguson Enterprises Inc. Add +24.4% 2.84% +0.23 PG&E CORP (PCG 4.25 12/01/27) New 0.15% +0.15 CCO Clear Channel Outdoor Holdin Add +5.9% 0.02% −0.00
Notes & Other Activity Q3 2024 → Q4 2024 Security Class Change vs Q3 2024 Shares / Principal Value ▼ PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A New 140,000 $7.0M JWSWF Jaws Mustang Acq C -CW26 *W EXP 01/30/202 Sold out 1,000,000 $23Kbefore exit
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 35 $4.6B WBD, AMZN, GOOGL, CRH, TDS Q1 2026 30 $2.1B AMZN, TDS, CRH, SGI, CRS Q4 2025 39 $7.2B PCG, NVDA, AMZN, MSFT, UNP Q3 2025 38 $8.3B PCG, AMZN, MSFT, NVDA, NSC Q2 2025 45 $7.5B PCG, AMZN, NVDA, COF, TSM Q1 2025 36 $6.3B PCG, AMZN, TSM, LYV, TDS Q4 2024 36 $7.3B PCG, AMZN, DHR, META, TSM Q3 2024 35 $7.4B PCG, AMZN, DHR, VST, BBWI Q2 2024 37 $8.7B AMZN, PCG, MSFT, META, DHR Q1 2024 32 $7.8B PCG, AMZN, MSFT, BBWI, META