# Third Point (Dan Loeb): 13F portfolio, Q2 2026

Dan Loeb's investment firm, New York.

Source: SEC Form 13F filed 2026-08-14 for the quarter ended 2026-06-30: https://www.sec.gov/Archives/edgar/data/1040273/000104027326000003/0001040273-26-000003-index.htm
Values are as the manager reported them in the filing, not current market prices.
Page: https://valuepeg.com/managers/third-point
Updated: 2026-08-14 · Next filing due by 2026-11-14

## Summary
- Reported value: $4.6B (Q1 2026: $2.1B)
- Positions: 40 (Q1 2026: 33)
- Top 10 holdings: 60.6% of the portfolio
- This quarter: 16 new, 13 added to, 4 trimmed, 9 sold out

## What Loeb did in Q2 2026
Third Point opened 16 new positions, the largest Warner Bros. Discovery, Keysight Technologies and Block. It raised its stake in Norfolk Southern by 500%, Capital One Financial by 489% and Alphabet by 486%, among 9 it added to by half or more. It sold out of 9 positions, among them Meta Platforms, Spdr Gold Trust and Nvidia. Warner Bros. Discovery is now the largest holding, at 11.5% of the portfolio.

## Biggest buys
- Warner Bros. Discovery (WBD): New
- Keysight Technologies (KEYS): New
- Block (XYZ): New
- Flex (FLEX): New
- Ttm Technologies (TTMI): New

## Biggest sells
- Meta Platforms (META): Sold out
- Spdr Gold Trust (GLD): Sold out
- Nvidia (NVDA): Sold out
- Kla (KLAC): Sold out
- Lam Research (LRCX): Sold out

## Top 15 holdings
| # | Company | Ticker | % of portfolio | Reported value | Change vs Q1 2026 | Held since |
|---|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | WBD | 11.5% | $533.2M | New | Q2 2026 |
| 2 | Amazon | AMZN | 9.0% | $417.1M | −10% | Q3 2024 or earlier |
| 3 | Alphabet | GOOGL | 7.9% | $366.3M | +486% | Q1 2026 |
| 4 | Crh Public | CRH | 5.1% | $234.9M | +16% | Q3 2024 or earlier |
| 5 | Telephone & Data Systems | TDS | 5.0% | $232.2M | −5% | Q3 2024 or earlier |
| 6 | Taiwan Semiconductor Manufacturing | TSM | 4.7% | $219.7M | +67% | Q3 2024 or earlier |
| 7 | Live Nation Entertainment | LYV | 4.5% | $207.8M | +144% | Q3 2024 or earlier |
| 8 | Keysight Technologies | KEYS | 4.4% | $204.8M | New | Q2 2026 |
| 9 | Somnigroup International | SGI | 4.3% | $201.5M | +13% | Q3 2025 |
| 10 | Block | XYZ | 4.2% | $194.5M | New | Q2 2026 |
| 11 | Norfolk Southern | NSC | 4.1% | $188.8M | +500% | Q3 2025 |
| 12 | Flex | FLEX | 3.6% | $166.9M | New | Q2 2026 |
| 13 | Capital One Financial | COF | 3.6% | $165.5M | +489% | Q4 2024 |
| 14 | Hut 8 | HUT | 3.3% | $151.8M | +51% | Q1 2026 |
| 15 | Carpenter Technology | CRS | 2.9% | $132.6M | −31% | Q3 2024 or earlier |

25 more positions and every quarter's holdings are on Valuepeg for members: https://valuepeg.com/managers/third-point

## Other value investors
- Tiger Global Management (Chase Coleman): https://valuepeg.com/managers/tiger-global
- Trian Fund Management: https://valuepeg.com/managers/trian-fund-management
- Triple Frond Partners: https://valuepeg.com/managers/triple-frond-partners
- Tweedy, Browne: https://valuepeg.com/managers/tweedy-browne
- ValueAct: https://valuepeg.com/managers/valueact

## About this data
- **What is a 13F?** A quarterly report to the SEC in which an investment manager with over $100 million in US-listed stocks lists what it holds.
- **How current is it?** Managers file up to 45 days after each quarter ends, so the holdings may have changed since.
- **Whose figures are these?** The values are as the manager reported them in the filing, not today's prices. The SEC lets a manager keep some positions confidential for a time, and those are not in the filing.
- **What does it leave out?** Short positions, cash, bonds and most holdings outside US markets. Options are left out here too.

Not investment advice.