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No. 13 this year · Hedge fund · New York

Third Point

Run by Daniel Loeb since 1995. Buys into companies going through big changes, and often pushes their bosses to change faster.
If you’d given them $1,000 on January 1, by September 30 you’d have
$1,000
0.0% in 2026, through Sep 30
The rose 11.8% over the same months (not counting dividends, the cash some companies pay their owners).
As reported by Third Point monthly report, for Jan 1 – Sep 30, 2026 · Third Point Offshore Fund

Their record

In 2025:
$1,000
$1,089
(+8.9%)
The S&P 500 rose 16.4% in 2025 (not counting dividends, the cash some companies pay their owners).
As reported by Third Point monthly report, for Jan 1 – Dec 31, 2025 · Third Point Offshore Fund
Over 30 years (1996–2026):
$1,000
$39,156
(+13.2% a year)
As reported by Third Point Q2 2026 investor letter, for Dec 1, 1996 – Jun 30, 2026 · Third Point Offshore Fund
S&P 500 data: S&P Dow Jones Indices LLC, via FRED.

What they own

Biggest bets first. The % is how much of their stock money is in that company. Tap a stock to open its page.
Already owned
Added lately
Sold lately
A full bar is 15% of their money.
— , , and aren’t counted in share of their money.

Just bought

27
Between April and June, compared with the report before.

Sold

13
Dollar amounts use the price on Jun 30, 2026, or on Mar 31, 2026 for stocks they sold completely.

Year by year

Each calendar year’s result, after fees, for Third Point Offshore Fund. 1995 and 1996 are Third Point Partners, the firm’s first fund, from before the offshore fund existed. Third Point calls the figures estimates until they are audited.
From Dec 1, 1996 to Jun 30, 2026, it grew 13.2% a year on average, after fees. Up in 25 of the 32 years shown, down in 5, flat in 2.
2026 · Jan 1 – Sep 30
0.0%
2025
+8.9%
2024
+24.2%
2023
+3.4%
2022
−21.9%
2021
+22.5%
2020
+19.2%
2019
+17.0%
2018
−11.3%
2017
+17.9%
Sources: Third Point LLC official monthly performance table · Third Point Fourth Quarter 2023 Investor Letter · Third Point Fourth Quarter 2024 Investor Letter · Third Point Master Fund Monthly Update: December 2025 Performance

Where their money goes

Each square is $1 of every $100 they have in stocks.

Who invests with them

From Form ADV, the form investment firms file with the SEC about their clients, their money and their staff.
About 3,500 investors
3,515 in its 34 private funds and 17 with an account of their own.
$28.7 billion it manages
All the money it invests for its clients, by its own count.
143 people work there
68 of them pick investments.
$10 million minimum to join
For Third Point Master Fund LP, its biggest fund. Its managers and staff own 5% of it.

Its biggest funds

Third Point Master Fund LP
About 1,900 investors
$8.79 billion
Third Point Ultra Master Fund L.P.
About 913 investors
$4.87 billion
Birch Grove Credit Strategies Master Fund LP
About 64 investors
$832 million
Birch Grove Opportunities Fund, L.P.
About 61 investors
$782 million
Third Point Structured Credit Opportunities Master Fund LP
About 116 investors
$614 million
And 29 smaller funds.
  • Investor counts are approximate, and someone in two of its funds counts twice.
From the Form ADV filed by Third Point LLC on May 1, 2026.
View it on SEC.gov

At a glance

Money they have in stocks
$4.56 billion
$4,561,917,429
Stocks they own
35
plus 1 option bet, 2 bonds, 3 warrants and 1 holding of preferred shares
Their 5 biggest bets
39% of their money
Holdings as of
Jun 30, 2026
Reported on
Aug 14, 2026
Run by
Daniel Loeb
Based in
New York
Investing since
1995
The original report
SEC.gov ↗︎

Good to know

  • A good part of its money is in company loans and private deals, which don’t appear in these reports.
Holdings as of Jun 30, 2026, from Third Point’s Form 13F, filed Aug 14, 2026.
View the filing on SEC.gov
Not investment advice. For information and education only. Holdings: SEC Form 13F filings and the funds’ own letters. Returns: as reported by the funds or the press, linked at each number. Investors and money managed: the managers’ Form ADV filings with the SEC. Not affiliated with the SEC or any fund.
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