Dan Loeb’s Third Point Partners Qualified Fund lost 1.3% for August, bringing its year-to-date return to 6.8%. The Third Point Ultra fund fell 1.5% for August and is up 8.5% year to date, with the same return numbers for the Third Point Ultra Onshore Fund. The S&P 500 rose 2% in August and is up 10.8% year to date.
Top contributors
Also see: Third Point Details New Purchases & Sales [Exclusive Investor Call Details]
For August, Third Point’s top contributors were Pacific Gas & Electric, Mr. Cooper and CRH PLC. PG&E stock soared 9% last month, rallying in the wake of a leaked draft of Gov. Newsom’s proposal, which suggested a possible extension of the wildfire fund. Additionally, litigation involving Edison International pointed to lower-than-feared fire liabilities, and optimism began to grow that affordability bills would be softened. The hedge fund revealed this news in an announcement to investors in early September 2025, a copy of which was reviewed by Hedge Fund Alpha.
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