Great investors · Dan Loeb · Q4 2024
What Dan Loeb bought and sold in Q4 2024
Third Point 13F portfolio as of Dec 31, 2024: 43 positions worth $7.4 bn. Largest: PCG, AMZN, DHR, META. Filed with the SEC on Feb 14, 2025.
The 13F is filed by Third Point, not by Dan Loeb personally: these are the whole firm's positions. A “position” is a distinct security in the filing (by CUSIP); share classes of the same company are shown added together.
Buys in Q4 2024
- NewThermo Fisher ScientificTMO+2.4 pp
- NewCapital One FinancialCOF+2.2 pp
- NewFortiveFTV+1.9 pp
- NewWorkdayWDAY+1.7 pp
- NewDiscover Financial Services+1.5 pp
- IncreasedTelephone and Data SystemsTDS+1.4 pp
- IncreasedFlutter EntertainmentFLUT+1.3 pp
- NewPrimo BrandsPRMB+1.0 pp
- IncreasedMeta PlatformsMETA+0.9 pp
- IncreasedCRH publicCRH+0.8 pp
- IncreasedLPL Financial HoldingsLPLA+0.7 pp
- IncreasedEQTEQT+0.6 pp
Sells in Q4 2024
- Sold outBath & Body WorksBBWI−5.1 pp
- ReducedVistra OperationsVST−4.0 pp
- Sold outAppleAAPL−2.9 pp
- Sold outRoper TechnologiesROP−1.8 pp
- ReducedMicrosoftMSFT−1.5 pp
- Sold outAmphenolAPH−1.4 pp
- ReducedCinemark HoldingsCNK−1.4 pp
- Sold outCVS HealthCVS−1.3 pp
- ReducedApollo Global ManagementAPO−1.2 pp
- Sold outAnsysANSS−1.1 pp
- ReducedLive Nation EntertainmentLYV−1.1 pp
- ReducedAmazon.comAMZN−0.7 pp
28 companies with material moves, out of 37 positions with a change. Only moves of 0.5 points of the portfolio or more are listed, measured as “traded weight” (what was bought or sold, excluding price effects). Smaller changes exist and are not listed: a position may have gone up or down without appearing above.
The full 13F, line by line
Third Point's Q4 2024 13F lists 43 lines of US-listed securities worth $7.4 bn; the largest is PCG at 13.2% of the portfolio. It was accepted by the SEC on Feb 14, 2025 at 4:44 PM ET.
Against the previous quarter, it opened 10 positions (TMO, COF, FTV and WDAY and 6 more), closed 9 (BBWI, AAPL, ROP and APH and 5 more), added to 11 (TDS, FLUT, META and CRH and 7 more) and trimmed 9 (VST, MSFT, LYV and CNK and 5 more). 13 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Pg&e PCG | 48.5 M | $979M | 13.2% | −2.5% |
| 2 | Amazon.com AMZN | 3.5 M | $757M | 10.2% | −6.8% |
| 3 | Danaher DHR | 1.9 M | $436M | 5.86% | −2.6% |
| 4 | Meta Platforms META | 665,000 | $389M | 5.23% | +22% |
| 5 | Taiwan Semiconductor Manufacturing TSM | 1.8 M | $352M | 4.72% | no change |
| 6 | Intercontinental Exchange ICE | 2.1 M | $311M | 4.17% | no change |
| 7 | Brookfield BN | 5.0 M | $287M | 3.85% | +5.6% |
| 8 | Microsoft MSFT | 600,000 | $253M | 3.40% | −31% |
| 9 | CRH public CRH | 2.7 M | $251M | 3.38% | +32% |
| 10 | Flutter Entertainment FLUT | 870,000 | $225M | 3.02% | +71% |
| 11 | Live Nation Entertainment LYV | 1.7 M | $223M | 2.99% | −26% |
| 12 | Jacobs Solutions J | 1.7 M | $220M | 2.96% | no change |
| 13 | LPL Financial Holdings LPLA | 655,000 | $214M | 2.87% | +35% |
| 14 | Ferguson Enterprises FERG | 1.2 M | $208M | 2.80% | +24% |
| 15 | Corpay CPAY | 610,000 | $206M | 2.77% | −20% |
| 16 | Telephone and Data Systems TDS | 6.0 M | $205M | 2.75% | +109% |
| 17 | Tesla TSLA | 500,000 | $202M | 2.71% | +25% |
| 18 | Thermo Fisher Scientific TMO | 350,000 | $182M | 2.45% | new |
| 19 | Capital One Financial COF | 925,000 | $165M | 2.22% | new |
| 20 | Carpenter Technology CRS | 870,000 | $148M | 1.98% | +32% |
| 21 | Fortive FTV | 1.9 M | $143M | 1.91% | new |
| 22 | Vistra Operations VST | 1.0 M | $138M | 1.85% | −69% |
| 23 | EQT EQT | 3.0 M | $136M | 1.83% | +51% |
| 24 | Workday WDAY | 500,000 | $129M | 1.73% | new |
| 25 | Cinemark Holdings CNK | 3.8 M | $116M | 1.56% | −46% |
| 26 | Discover Financial Services | 640,000 | $111M | 1.49% | new |
| 27 | Hess Midstream HES | 625,000 | $83.1M | 1.12% | no change |
| 28 | Apollo Global Management | 900,000 | $78.2M | 1.05% | no change |
| 29 | Primo Brands PRMB | 2.4 M | $73.8M | 0.99% | new |
| 30 | Apollo Global Management APO | 400,000 | $66.1M | 0.89% | −58% |
| 31 | Global Blue Group Holding | 8.4 M | $58.1M | 0.78% | no change |
| 32 | Seadrill SDRL | 1.0 M | $39.9M | 0.54% | new |
| 33 | Soho House | 2.4 M | $17.5M | 0.24% | new |
| 34 | Pg&e | 10.0 M | $10.9M | 0.15% | new |
| 35 | Hertz Global Holdings HTZWW | 4.0 M | $8.5M | 0.11% | no change |
| 36 | Pg&e | 140,000 | $7.0M | 0.09% | new |
| 37 | Aurora Innovation AUR | 1.0 M | $6.5M | 0.09% | no change |
| 38 | flyExclusive FLYX | 1.0 M | $3.2M | 0.04% | no change |
| 39 | Aurora Innovation AUROW | 1.8 M | $1.9M | 0.03% | no change |
| 40 | Net Power NPWR/WS | 500,000 | $1.8M | 0.02% | no change |
| 41 | Clear Channel Outdoor Holdings CCO | 900,000 | $1.2M | 0.02% | +5.9% |
| 42 | Flyexclusive FLYX/WS | 367,499 | $66.2K | 0.00% | no change |
| 43 | Global Blue Group Holding | 1.3 M | $40.7K | 0.00% | no change |
Positions it closed (9)
- Bath & Body Works BBWIwas 5.06% · 11.8 M shares
- Apple AAPLwas 2.92% · 930,000 shares
- Roper Technologies ROPwas 1.80% · 240,000 shares
- Amphenol APHwas 1.40% · 1.6 M shares
- CVS Health CVSwas 1.33% · 1.6 M shares
- Ansys ANSSwas 1.09% · 255,000 shares
- Array Digital Infrastructure ADwas 0.40% · 545,344 shares
- Hawaiian Electric Industries HEwas 0.20% · 1.5 M shares
- Jaws Mustang Acquisition JWSWFwas 0.00% · 1.0 M shares
One row per line of the filing (by CUSIP): share classes of the same company are listed separately here. “Change in shares” compares the count with the previous quarter, split-adjusted; the value is the one reported in the 13F at quarter end, not today's price.
Original documents: Third Point's 13F filings on EDGAR (SEC) ↗
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Source: 13F filings with the SEC. A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions. Not investment advice.