Third Point holds put options on SPDR S&P 500 ETF: contracts that pay off if its price goes down. They cover 40,000 shares, worth about $29 million. They bought them for the first time between April and June.
Mar 31
None
Jun 30
40,000
The numbers
Shares it covers
40,000
Value of the shares it covers
$28,800,000
about $29 million
Share of their money
Not counted
Options aren’t part of their stock money
Kind
Put option: a bet the price goes down
A contract that bets on a price going up (a call) or down (a put), instead of owning the shares.
More about SPDR S&P 500 ETF ›
The value uses the price on Jun 30, 2026. The fund may have paid a different price.