WDAY - Tracking Dan Loeb's Third Point Portfolio - Q1 2025 Update
2025-06-03 19:20:37 ET
Summary
- Third Point’s Q1 2025 portfolio value declined to $6.55B, with new positions in Kenvue, Nvidia, CoStar Group, and United States Steel. Also, a short position in SPY through Puts.
- Significant stake increases were made in PG&E, Live Nation, Apollo Global, TDS, and Flutter, reflecting conviction in these names despite a challenging quarter.
- Major disposals included Meta, Tesla, Danaher, and Thermo Fisher, while Amazon and Microsoft positions were trimmed to harvest gains and manage risk.
- Third Point’s performance slightly outpaced the S&P 500 in Q1 2025, and the fund continues to focus on high-conviction, concentrated bets for long-term outperformance.
This article is part of a series that provides an ongoing analysis of the changes made to Dan Loeb’s 13F stock portfolio on a quarterly basis. It is based on Third Point’s regulatory 13F Form filed on 05/15/2025. Please visit our Tracking Dan Loeb’s Third Point Portfolio series to get an idea of their investment philosophy and our last update for the fund’s moves during Q4 2024....
Tracking Dan Loeb's Third Point Portfolio - Q1 2025 Update