Third Point LLC
Third Point LLC is a leading New York-based hedge fund founded in 1995 by Daniel S. Loeb. The firm operates as an employee-owned, SEC-registered investment advisor, with a global reach and additional offices in Sunnyvale and Los Angeles, CA; Stamford, CT; Bangalore; Hong Kong; and London. Third Point primarily serves institutional investors and high net worth individuals, managing diversified funds focused on public equities, fixed income, private credit, and venture capital. The firm is known for its event-driven opportunism and activism, with returns historically averaging around 19% annually. It acquired Birch Grove in 2024 to bolster its credit platform, now managing approximately $21 billion in assets and employing around 170 people.
Investment Strategy
Third Point LLC employs an opportunistic, event-driven investment strategy spanning public market equities, corporate and structured credit, CLOs, and venture capital. The firm actively invests in companies undergoing change, such as spinoffs or bankruptcies, and frequently engages in shareholder activism to drive operational improvements and unlock value. In recent years, Third Point has expanded its platform to include substantial allocations to private and structured credit, serving both insurance and institutional clients. It manages exposures dynamically, pursuing fundamental and special situation equities (both long and short), and aims to identify and catalyze events (e.g. mergers, restructurings) that will unlock value. The venture arm seeks early-stage opportunities where the firm can assist with scaling and capital market readiness.
Latest 13F Filing Activity
Third Point LLC filed their most recent 13F report on Jun 30, 2025 disclosing 48 equity positions with a total 13F market value of $8B. The fund increased holdings in Nvidia Corporation, Capital One Finl Corp., Amazon Com Inc. among other positions. Third Point LLC reduced exposure to PG&E Corp., EQT Corp., United States STL Corp. New among others.
Top Holdings
Equity Positions (48)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
P PCG | PG&E CORP | 9.35% | $712.3M | 51,100,000 | $10.26 | $13.94 | -$165.6M |
A AMZN | AMAZON COM INC | 7.80% | $594.5M | 2,710,000 | $149.64 | $219.39 | +$147.4M |
N NVDA | NVIDIA CORPORATION | 5.81% | $442.4M | 2,800,000 | $132.30 | $157.99 | +$285.2M |
C COF | CAPITAL ONE FINL CORP | 5.04% | $383.9M | 1,804,204 | $192.78 | $212.76 | +$195.6M |
T TSM | TAIWAN SEMICONDUCTOR MFG LTD | 4.25% | $323.9M | 1,430,000 | $130.89 | $226.49 | +$28.4M |
Industry Allocation
Investment Team (16)
| Name | Role | Location | |
|---|---|---|---|
 | Investment Associate | New York, NY , United States | |
 | Trader | New York, NY , United States | |
A Alok Reejhsinghani | Trader | New York, NY , United States | |
C Charles Kalvaria | Principal | New York, NY , United States | |
 | Principal | New York, NY , United States | |
J Jim Carruthers | Portfolio Manager | Menlo Park, CA , United States | |
 | Vice President, Portfolio Finance | New York, NY , United States | |
 | Principal | New York, NY , United States | |
R Richard Campbell | Analyst | New Haven, CT , United States | |
S Sackett Adam | Trader | Warren, NJ , United States |
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