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Focused investors/Daniel Loeb

Daniel Loeb - Third Point

As of Q2 2026, Daniel Loeb reported 40 long-equity positions worth $4.64B in aggregate.

It also disclosed $28.8M of put notional. Notional is the contracts’ face value, not the premium paid, so it is reported separately from the equity above — see the Options section below.

Copy-investor backtest

Latest quarter
-0.45%
1-year
+3.69%
3-year
+50.41%
5-year
+38.24%
3-year vs S&P 500
-22.83%
5-year vs S&P 500
-35.44%
5-year top 5
+22.87%

Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.

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Updated 2026-08-14 from SEC 13F data.

Live quotes available for 36 of 52 rows. Rows without a quote are marked unavailable.

1WBDWARNER BROS DISCOVERY INC11.48%New20,000,000$533.2M$26.6652w: $10.76 - $30.00; reported $26.66
2AMZNAMAZON COM INC8.98%Reduce -9.8%1,750,000$417.1M$238.3452w: $196.00 - $278.56; reported $238.34
3GOOGLALPHABET INC7.89%Add +485.7%1,025,000$366.3M$357.3752w: $172.77 - $408.61; reported $357.37
4CRHCFCRH PLC5.06%Add +15.5%2,195,000$234.87MNo quoteNo quote
5TDSTELEPHONE & DATA SYS INC5.00%Reduce -4.9%6,275,000$232.24M$37.0152w: $34.94 - $49.12; reported $37.01
6TSMTAIWAN SEMICONDUCTOR MANUFAC4.73%Add +67.3%460,000$219.68M$477.5752w: $221.18 - $479.00; reported $477.57
7LYVLIVE NATION ENTERTAINMENT IN4.48%Add +144.1%1,135,000$207.83M$183.1152w: $125.34 - $184.86; reported $183.11
8KEYSKEYSIGHT TECHNOLOGIES INC4.41%New585,000$204.79M$350.0752w: $152.85 - $374.96; reported $350.07
9TPXSOMNIGROUP INTERNATIONAL INC4.34%Add +13.2%2,570,769$201.55MNo quoteNo quote
10SQBLOCK INC4.19%New2,558,943$194.48MNo quoteNo quote
11NSCNORFOLK SOUTHN CORP4.07%Add +500.0%600,000$188.75M$314.5952w: $255.41 - $326.00; reported $314.59
12FLEXFLEX LTD3.60%New1,030,000$166.93M$162.0752w: $47.83 - $166.86; reported $162.07
13COFCAPITAL ONE FINL CORP3.56%Add +489.3%825,000$165.51M$200.6252w: $174.24 - $259.64; reported $200.62
14HUTHUT 8 CORP3.27%Add +51.2%1,315,000$151.81M$115.4452w: $18.03 - $140.80; reported $115.44
15CRSCARPENTER TECHNOLOGY CORP2.86%Reduce -30.6%215,000$132.62M$616.8452w: $228.00 - $624.49; reported $616.84
16APGAPI GROUP CORP2.61%Add +41.1%2,865,000$121.33M$42.3552w: $32.70 - $49.99; reported $42.35
17MTZMASTEC INC2.60%Reduce -9.4%290,000$120.66M$416.0652w: $160.08 - $441.43; reported $416.06
18TDGTRANSDIGM GROUP INC2.27%Add +216.0%79,000$105.23M$1332.0452w: $1123.61 - $1623.83; reported $1332.04
19DHRDANAHER CORP DEL2.22%Add +2.9%540,000$102.86M$190.4852w: $160.93 - $242.80; reported $190.48
20UNPUNION PAC CORP2.05%Add +250.0%350,000$95.2M$272.0052w: $210.84 - $279.70; reported $272.00
21TTMITTM TECHNOLOGIES INC2.03%New505,000$94.45M$187.0252w: $39.20 - $223.83; reported $187.02
22PFGCPERFORMANCE FOOD GROUP CO1.63%New675,000$75.46M$111.7952w: $80.82 - $112.72; reported $111.79
23GGLAPALPHABET INC1.42%New1,300,000$66.16M$50.89No quote
24ASMLASML HLDG NV1.28%Add +150.0%30,000$59.61M$1986.8752w: $683.48 - $1999.96; reported $1986.87
25SYYSYSCO CORP1.04%New580,000$48.16M$83.0352w: $68.19 - $91.85; reported $83.03
26ARESARES MANAGEMENT CORPORATION0.90%New375,000$41.74M$111.3152w: $95.80 - $195.26; reported $111.31
27SPCXSPACE EXPLORATION TECHN CORP0.66%New180,415$30.83M$170.86No quote
28BLDESTRATA CRITICAL MEDICAL INC0.57%-5,000,000$26.35MNo quoteNo quote
29GGLBPALPHABET INC0.22%New200,000$10.06M$50.30No quote
30SPRYARS PHARMACEUTICALS INC0.17%-1,000,000$8.01M$8.0152w: $6.66 - $18.63; reported $8.01
31AURAURORA INNOVATION INC0.15%-1,032,463$7.04M$6.8252w: $3.60 - $8.56; reported $6.82
32HTZWWHERTZ GLOBAL HLDGS INC0.09%-3,970,000$4.33M$1.0952w: $1.01 - $2.72; reported $1.09
33FLYXFLYEXCLUSIVE INC0.04%-1,022,000$2.04M$2.0052w: $1.88 - $8.88; reported $2.00
34BLCOBAUSCH PLUS LOMB CORP0.03%New85,000$1.41M$16.5652w: $12.72 - $18.91; reported $16.56
35CORZCORE SCIENTIFIC INC NEW0.03%New54,000$1.38M$25.5952w: $12.42 - $30.46; reported $25.59
36EROCEROCK INC0.03%New83,030$1.2M$14.50No quote
37APLDAPPLIED DIGITAL CORP0.02%New22,000$820.6K$37.30No quote
38AUROWAURORA INNOVATION INC0.01%-1,835,000$587.38K$0.3252w: $0.25 - $0.69; reported $0.32
39WOLFWOLFSPEED INC0.01%New10,000$482.5K$48.2552w: $8.05 - $80.82; reported $48.25
40FLYX-WSFLYEXCLUSIVE INC0.00%-367,499$77.18KNo quoteNo quote
49SMHVANECK ETF TRUST-Sold0$0No quoteNo quote
48GLDSPDR GOLD TR-Sold0$0No quoteNo quote
47SNSHARKNINJA INC-Sold0$0No quoteNo quote
46NVDANVIDIA CORPORATION-Sold0$0No quoteNo quote
45METAMETA PLATFORMS INC-Sold0$0No quoteNo quote
44LRCXLAM RESEARCH CORP-Sold0$0No quoteNo quote
43KLACKLA CORP-Sold0$0No quoteNo quote
42MPLNCLARITEV CORPORATION-Sold0$0No quoteNo quote
41AVGOBROADCOM INC-Sold0$0No quoteNo quote

Options positions

Put = right to sell at strike (a bearish bet). Call = right to buy at strike (bullish via leverage). The notional column shows the underlying market value reported to the SEC, not the option premium paid - these don't add to the long-equity % portfolio above.

1SPYSTATE STR SPDR S&P 500 ETF TTR UNITPUTNew40,000$28.8M

Other instruments

Bonds, warrants, or non-share principal positions reported alongside the equity portfolio.

1-RIOT PLATFORMS INCNOTE 0.750% 1/1OTHER3,500,000$7.03M
2-LITHIUM ARGENTINA AGNOTE 1.750% 1/1OTHER625,000$611.75K