Third Point LLC 13F: Quarter-over-Quarter Portfolio Changes
Third Point LLC reported a disclosed portfolio value of approximately $4.7 billion in its latest SEC Form 13F-HR filing for Q2 2026, up 123.3% quarter on quarter. Over the quarter, the fund initiated 16 new positions, bought more shares in 13 holdings, trimmed 4 holdings, and exited 9 positions.
Third Point LLC's top buy was a new stake in Warner Bros Discovery INC (WBD) , equal to 11.5% of the disclosed portfolio. Its top sell was Carpenter Technology CORP (CRS) . The fund sold 30.6% of its previously reported shares, reducing the position's portfolio weight by 3.0 percentage points.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| WARNER BROS DISCOVERY INC | WBD | 11.5% | History → |
| KEYSIGHT TECHNOLOGIES INC | KEYS | 4.4% | History → |
| BLOCK INC | XYZ | 4.2% | History → |
| FLEX LTD | FLEX | 3.6% | Holders → |
| TTM TECHNOLOGIES INC | TTMI | 2.0% | Holders → |
| ALPHABET INC | UNKNOWN | 1.8% | Holders → |
| PERFORMANCE FOOD GROUP CO | PFGC | 1.6% | Holders → |
| SYSCO CORP | SYY | 1.0% | Holders → |
| ARES MANAGEMENT CORPORATION | ARES | 0.9% | Holders → |
| SPACE EXPLORATION TECHN CORP | SPCX | 0.7% | Holders → |
| BAUSCH PLUS LOMB CORP. | BLCO | 0.0% | Holders → |
| CORE SCIENTIFIC INC NEW | CORZ | 0.0% | Holders → |
| EROCK INC | EROC | 0.0% | Holders → |
| APPLIED DIGITAL CORP | APLD | 0.0% | Holders → |
| LITHIUM ARGENTINA AG | SYN_53680QAA6 | 0.0% | Holders → |
| WOLFSPEED INC | WOLF | 0.0% | Holders → |
Top BuysQ2 2026
Showing the top 10 buys among 13 existing positions where the fund bought more shares in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| NORFOLK SOUTHN CORP | NSC | +2.7% | +500.0% | Holders → |
| CAPITAL ONE FINL CORP | COF | +2.3% | +489.3% | Holders → |
| ALPHABET INC-CL A | GOOGL | +5.5% | +485.7% | History → |
| UNION PACIFIC CORP. | UNP | +0.9% | +250.0% | Holders → |
| TRANSDIGM GROUP INC | TDG | +0.9% | +216.0% | Holders → |
| ASML HLDG NV | ASML | +0.5% | +150.0% | Holders → |
| LIVE NATION ENTERTAINMENT IN | LYV | +1.1% | +144.1% | History → |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | +0.3% | +67.3% | History → |
| HUT 8 CORP | HUT | +1.3% | +51.2% | Holders → |
| API GROUP CORP | APG | +-1.3% | +41.1% | Holders → |
Top SellsQ2 2026
The fund's top sells among positions it retained in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| CARPENTER TECHNOLOGY CORP | CRS | -3.0% | 30.6% | Holders → |
| AMAZON.COM INC | AMZN | -10.4% | 9.8% | History → |
| MASTEC INC | MTZ | -2.3% | 9.4% | Holders → |
| TELEPHONE & DATA SYS INC | TDS | -8.3% | 4.9% | History → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| META PLATFORMS INC | META | 2.5% |
| SPDR GOLD TR | GLD | 2.0% |
| NVIDIA CORPORATION | NVDA | 1.6% |
| KLA CORP | KLAC | 0.8% |
| LAM RESEARCH CORP | LRCX | 0.8% |
| BROADCOM INC | AVGO | 0.7% |
| VANECK ETF TRUST | SMH | 0.7% |
| SHARKNINJA INC | SN | 0.7% |
| CLARITEV CORPORATION | CTEV | 0.0% |
Net Portfolio Value ChangeQ2 2026
- $2.1BPrior quarter
- $4.7BCurrent quarter
- +$2.6BNet delta
- +123.3%% change
Methodology & FAQ
How Third Point LLC Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Third Point LLC: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description, including how confidential treatment filings are handled, is documented in the Methodology.
What stocks did Third Point LLC buy in Q2 2026?
In Q2 2026, Third Point LLC initiated 16 new positions (WARNER BROS DISCOVERY INC (WBD), KEYSIGHT TECHNOLOGIES INC (KEYS), BLOCK INC (XYZ), FLEX LTD (FLEX), TTM TECHNOLOGIES INC (TTMI), ALPHABET INC (UNKNOWN), PERFORMANCE FOOD GROUP CO (PFGC), SYSCO CORP (SYY), ARES MANAGEMENT CORPORATION (ARES), SPACE EXPLORATION TECHN CORP (SPCX), BAUSCH PLUS LOMB CORP. (BLCO), CORE SCIENTIFIC INC NEW (CORZ), EROCK INC (EROC), APPLIED DIGITAL CORP (APLD), LITHIUM ARGENTINA AG (SYN_53680QAA6), WOLFSPEED INC (WOLF)); bought more shares of NORFOLK SOUTHN CORP (NSC), CAPITAL ONE FINL CORP (COF), ALPHABET INC-CL A (GOOGL), UNION PACIFIC CORP. (UNP), TRANSDIGM GROUP INC (TDG) (the largest 5 of 13 adds).
What stocks did Third Point LLC sell in Q2 2026?
In Q2 2026, Third Point LLC fully sold 9 positions (META PLATFORMS INC (META), SPDR GOLD TR (GLD), NVIDIA CORPORATION (NVDA), KLA CORP (KLAC), LAM RESEARCH CORP (LRCX), BROADCOM INC (AVGO), VANECK ETF TRUST (SMH), SHARKNINJA INC (SN), CLARITEV CORPORATION (CTEV)); reduced holdings in CARPENTER TECHNOLOGY CORP (CRS), AMAZON.COM INC (AMZN), MASTEC INC (MTZ), TELEPHONE & DATA SYS INC (TDS).
Which positions did Third Point LLC initiate in Q2 2026?
Third Point LLC established 16 new positions in Q2 2026: WARNER BROS DISCOVERY INC (WBD, 11.5%), KEYSIGHT TECHNOLOGIES INC (KEYS, 4.4%), BLOCK INC (XYZ, 4.2%), FLEX LTD (FLEX, 3.6%), TTM TECHNOLOGIES INC (TTMI, 2.0%), ALPHABET INC (UNKNOWN, 1.8%), PERFORMANCE FOOD GROUP CO (PFGC, 1.6%), SYSCO CORP (SYY, 1.0%), ARES MANAGEMENT CORPORATION (ARES, 0.9%), SPACE EXPLORATION TECHN CORP (SPCX, 0.7%), BAUSCH PLUS LOMB CORP. (BLCO, 0.0%), CORE SCIENTIFIC INC NEW (CORZ, 0.0%), EROCK INC (EROC, 0.0%), APPLIED DIGITAL CORP (APLD, 0.0%), LITHIUM ARGENTINA AG (SYN_53680QAA6, 0.0%), WOLFSPEED INC (WOLF, 0.0%).
Which existing positions saw the largest allocation increases for Third Point LLC in Q2 2026?
Of 13 existing positions with share-count increases in Q2 2026, the largest were: NORFOLK SOUTHN CORP (NSC, +2.7% weight, +500.0% shares), CAPITAL ONE FINL CORP (COF, +2.3% weight, +489.3% shares), ALPHABET INC-CL A (GOOGL, +5.5% weight, +485.7% shares), UNION PACIFIC CORP. (UNP, +0.9% weight, +250.0% shares), TRANSDIGM GROUP INC (TDG, +0.9% weight, +216.0% shares), ASML HLDG NV (ASML, +0.5% weight, +150.0% shares), LIVE NATION ENTERTAINMENT IN (LYV, +1.1% weight, +144.1% shares), TAIWAN SEMICONDUCTOR MANUFAC (TSM, +0.3% weight, +67.3% shares), HUT 8 CORP (HUT, +1.3% weight, +51.2% shares), API GROUP CORP (APG, +-1.3% weight, +41.1% shares).
Which positions did Third Point LLC fully exit in Q2 2026?
Third Point LLC fully exited 9 positions in Q2 2026: META PLATFORMS INC (META, last-reported weight 2.5%), SPDR GOLD TR (GLD, last-reported weight 2.0%), NVIDIA CORPORATION (NVDA, last-reported weight 1.6%), KLA CORP (KLAC, last-reported weight 0.8%), LAM RESEARCH CORP (LRCX, last-reported weight 0.8%), BROADCOM INC (AVGO, last-reported weight 0.7%), VANECK ETF TRUST (SMH, last-reported weight 0.7%), SHARKNINJA INC (SN, last-reported weight 0.7%), CLARITEV CORPORATION (CTEV, last-reported weight 0.0%).
Which existing positions saw the largest allocation reductions for Third Point LLC in Q2 2026?
Of 4 existing positions with share-count reductions in Q2 2026, the largest were: CARPENTER TECHNOLOGY CORP (CRS, -3.0% weight, -30.6% shares), AMAZON.COM INC (AMZN, -10.4% weight, -9.8% shares), MASTEC INC (MTZ, -2.3% weight, -9.4% shares), TELEPHONE & DATA SYS INC (TDS, -8.3% weight, -4.9% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.