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Third Point buys Capital One, cuts Microsoft in Q4

Third Point buys Capital One, cuts Microsoft in Q4

Third Point disclosed in an SEC filing its holdings as of December 31, 2024. The fund’s new buys during the fourth quarter included, by size of position, Thermo Fisher (TMO), Capital One (COF), Fortive (FTV), Workday (WDAY), and Discover (DFS). Third Point exited a number of positions during the quarter, including by size of previous position Bath & Body Works (BBWI), Apple (AAPL), Roper (ROP), Amphenol (APH), and CVS (CVS). The fund increased its stake in a number of positions, including by size of previous position Telephone and Data Systems (TDS), Flutter (FLUT), LPL Financial (LPL), Tesla (TSLA), and Meta (META). Third Point reduced its stake in a number of holdings, including by size of previous position Vistra (VST), Microsoft (MSFT), Danaher (DHR), Cinemark (CNK), and Apollo Global (APO). The fund’s top holdings as of December 31, in order of size, were PG&E (PCG), Amazon (AMZN), Danaher, Meta, and TSMC (TSM).

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