Third Point takes new position in Alphabet, exits U.S. Steel

Third Point LLC disclosed in an SEC filing its holdings as of March 31. Third Point’s new buys during the quarter included, by size of position, Alphabet (GOOGL), Advance Auto (AAP), Marvell Technology (MRVL), and Goldman Sachs (GS). Third Point exited four positions during the quarter, including by size of previous position, U.S. Steel (X), DuPont de Nemours (DD), McKesson (MCK), and BioMarin (BMRN). Third Point increased its stake in a number of holdings, including by size of previous position, Amazon (AMZN), Meta Platforms (META), Intercontinental Exchange (ICE), Apollo Global (APO), and Corpay (CPAY). Third Point reduced its stake in a number of holdings, including by size of previous position, International Flavors (IFF), Uber (UBER), Microsoft (MSFT), Bath & Body Works (BBWI), and Vistra Corp (VST). Third Point’s top holdings as of March 31, in order of size, were PG&E (PCG), Amazon, Microsoft, Bath & Body Works, and Meta Platforms.