Dan Loeb’s Third Point Offshore Fund returned 1.9% for the fourth quarter, bringing its 2025 return to 8.9%. The Third Point Ultra fund returned 2.1% for Q4 and 10.8% for 2025. Meanwhile, the S&P 500 index gained 2.7% in the fourth quarter and 17.9% for the full year, according to a recent conference call and an email sent to investors.
Biggest contributors and detractors
Third Point won big with chipmakers in 2025, although Siemens Energy was its top contributor. Another interesting top contributor was U.S. Steel, in the third slot. NVIDIA, Taiwan Semiconductor, and SK Hynix round out the list of the top five contributors.
Other leaders among the top 15 contributors included Phoenix Financial, Rolls-Royce, Talen Energy, Carpenter Technology (featured in the last issue of our Hidden Value Stocks newsletter), and Mr. Cooper.
On the other hand, big detractors included Kenvue, PG&E, Primo Brands, Microsoft, and the London Stock Exchange Group.
Loeb sold the fund's entire positions in Kenvue, Microsoft,
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
