Third Point takes new stakes in Kenvue and Nvidia, exits Meta and Tesla

Third Point LLC disclosed in an SEC filing its holdings as of March 31, 2025. Third Point’s new buys during the first quarter included, by size of position, Kenvue (KVUE), Nvidia (NVDA), CoStar (CSGP), US Steel (X), and Casey’s (CASY). Third Point exited a number of positions during the quarter, including by size of previous position, Danaher (DHR), Meta (META), Ferguson (FERG), Tesla (TSLA), and Thermo Fisher (TMO). Third Point increased its stake in a number of holdings, including by size of previous position, Apollo Global (APO), Telephone and Data Systems (TDS), Live Nation (LYV), Primo Brands (PRMB), and Capital One (COF). Third Point reduced its stake in a number of holdings, including by size of previous position, Amazon (AMZN), Microsoft (MSFT), Intercontinental Exchange (ICE), Brookfield Corp (BN), and Jacobs (J). Third Point’s top holdings as of March 31, in order of size, were PG&E (PCG), Amazon, TSMC (TSM), Live Nation, and Telephone and Data Systems.