Third Point buys Meta, exits PG&E in Q1

Third Point disclosed in an SEC filing its holdings as of March 31, 2026. The fund’s new buys during the first quarter included, by size of position, Meta (META), Alphabet Class A (GOOGL), SPDR Gold Shares (GLD), Hut 8 Corp (HUT), and TransDigm (TDG). Third Point exited a number of positions during the quarter, including by size of previous position PG&E (PCG), Microsoft (MSFT), Brookfield (BAM), Casey’s (CASY), and CoStar (CSGP). The fund increased its stake in ARS Pharmaceuticals (SPRY), while decreasing its stake in Nvidia (NVDA), Union Pacific (UNP), Norfolk Southern (NSC), Capital One (COF), and Live Nation (LYV). Third Point’s top holdings as of March 31, in order of size, were Amazon (AMZN), Telephone & Data Systems (TDS), CRH (CRH), Somnigroup (SGI), and Carpenter Tech (CRS).

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