Smart Money
DL

Daniel Loeb

Third Point·activist·Concentrated / activist
Accredited only

~15–16% since 1995

Portfolio value

$4.6B

Positions

33

Top 5 concentration

39%

New buys this quarter

14

Recent moves vs Mar 2026

$WBDNew buy11.7%
$KEYSNew buy4.5%
$XYZNew buy4.3%
$FLEXNew buy3.7%
$TTMINew buy2.1%
$PFGCNew buy1.7%
$SYYNew buy1.1%
$ARESNew buy0.9%
$SPCXNew buy0.7%
$SPYNew buy0.6%
$CORZNew buy0%
$EROCNew buy0%
$APLDNew buy0%
$WOLFNew buy0%
$GOOGLAdded8%
$CRHAdded5.1%
$TSMAdded4.8%
$LYVAdded4.6%
$SGIAdded4.4%
$NSCAdded4.1%
$COFAdded3.6%
$HUTAdded3.3%
$APGAdded2.7%
$TDGAdded2.3%
$UNPAdded2.1%
$ASMLAdded1.3%
$AMZNTrimmed9.1%
$CRSTrimmed2.9%
$MTZTrimmed2.6%
$METASold out
$HTZWWSold out
$SMHSold out
$FLYXSold out
$KLACSold out
$LRCXSold out
$AUROWSold out
$AVGOSold out
$NVDASold out
$GLDSold out
$BLDESold out
$SNSold out
$CTEVSold out

Holdings

StockMove% of portfolioValue
$WBD

WARNER BROS DISCOVERY INC

New buy
11.7%
$533M
$AMZN

AMAZON COM INC

Trimmed
9.1%
$417M
$GOOGL

ALPHABET INC

Added
8%
$366M
$CRH

CRH PLC

Added
5.1%
$235M
$TDS

TELEPHONE & DATA SYS INC

Held
5.1%
$232M
$TSM

TAIWAN SEMICONDUCTOR MANUFAC

Added
4.8%
$220M
$LYV

LIVE NATION ENTERTAINMENT IN

Added
4.6%
$208M
$KEYS

KEYSIGHT TECHNOLOGIES INC

New buy
4.5%
$205M
$SGI

SOMNIGROUP INTERNATIONAL INC

Added
4.4%
$202M
$XYZ

BLOCK INC

New buy
4.3%
$194M
$NSC

NORFOLK SOUTHN CORP

Added
4.1%
$189M
$FLEX

FLEX LTD

New buy
3.7%
$167M
$COF

CAPITAL ONE FINL CORP

Added
3.6%
$166M
$HUT

HUT 8 CORP

Added
3.3%
$152M
$CRS

CARPENTER TECHNOLOGY CORP

Trimmed
2.9%
$133M
$APG

API GROUP CORP

Added
2.7%
$121M
$MTZ

MASTEC INC

Trimmed
2.6%
$121M
$TDG

TRANSDIGM GROUP INC

Added
2.3%
$105M
$DHR

DANAHER CORP DEL

Held
2.3%
$103M
$UNP

UNION PAC CORP

Added
2.1%
$95M
$TTMI

TTM TECHNOLOGIES INC

New buy
2.1%
$94M
$PFGC

PERFORMANCE FOOD GROUP CO

New buy
1.7%
$75M
$ASML

ASML HLDG NV

Added
1.3%
$60M
$SYY

SYSCO CORP

New buy
1.1%
$48M
$ARES

ARES MANAGEMENT CORPORATION

New buy
0.9%
$42M
$SPCX

SPACE EXPLORATION TECHN CORP

New buy
0.7%
$31M
$SPY

STATE STR SPDR S&P 500 ETF T

New buy
0.6%
$29M
$SPRY

ARS PHARMACEUTICALS INC

Held
0.2%
$8M
$AUR

AURORA INNOVATION INC

Held
0.2%
$7M
$CORZ

CORE SCIENTIFIC INC NEW

New buy
0%
$1M
$EROC

EROCK INC

New buy
0%
$1M
$APLD

APPLIED DIGITAL CORP

New buy
0%
$821K
$WOLF

WOLFSPEED INC

New buy
0%
$483K

Notable sell-outs this quarter: $META, $HTZWW, $SMH, $FLYX, $KLAC, $LRCX, $AUROW, $AVGO, $NVDA, $GLD, $BLDE, $SN, $CTEV

Source: SEC 13F via FMP · Jun 2026 report · 45-day filing delay. Long equity positions only. Not financial advice.