13F filing recap · Q3 2025

What did Third Point LLC buy in Q3 2025?

Reported stock-position changes between this filing and the previous one.

Stock value

$8.37B

Positions

Estimated turnover

45.0%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

NSCNorfolk Southern Corp$495.68Mreported value+1.65M shares SGITempur Sealy International Inc$252.99Mreported value+3.00M shares UNPUnion Pacific Corp$206.82Mreported value+875.0K shares MTZMastec, Inc.$154.29Mreported value+725.0K shares FNDFloor & Decor Holdings, Inc.$98.02Mreported value+1.33M shares CORZCore Scientific, Inc./tx$53.82Mreported value+3.00M shares SRTAStrata Critical Medical, Inc.$25.30Mreported value+5.00M shares BHCBausch Health Companies Inc.$645.0Kreported value+100.0K shares CYHCommunity Health Systems, Inc.$481.5Kreported value+150.0K shares

Increased positions

AMZNAmazon.com Inc$616.99Mreported value+100.0K shares+3.7%MSFTMicrosoft Corporation$569.75Mreported value+700.0K shares+175.0%NVDANvidia Corp$531.75Mreported value+50.0K shares+1.8%FLUTFlutter Entertainment Plc$284.48Mreported value+50.0K shares

Reduced positions

PCGPG&E Corp$755.51Mreported value-1.00M shares-2.0%TSMTaiwan Semiconductor Manufacturing$307.22Mreported value-330.0K shares-23.1%COFCapital One Financial Corp$294.42Mreported value-419.2K shares-23.2%TDSTelephone and Data Systems, Inc.$263.19Mreported value-17.7K shares

Exited positions

CPAYCorpay, Inc$227.30Mprior reported value-685.0K shares-100.0%ICEIntercontinental Exchange, Inc.$174.30Mprior reported value-950.0K shares-100.0%RBARb Global, Inc$73.80Mprior reported value-695.0K shares-100.0%WDAYWorkday, Inc.$72.00Mprior reported value-300.0K shares