Third Point LLC
Third Point LLC declares $1.8B in 13 of the 220 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 39.2% of its $4.7B 13F portfolio. Largest positions: Amazon (0.02% of the company) and Alphabet (0.01% of the company). Over time: $1.8B in 13 of these companies for Q2 2026, against $800.5M in 3 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $948.2M and sold $190.1M of these stocks, at the quarter's prices: a net purchase of $758.1M; 6 new positions and 5 sold out.
Performance of its AI picks
The AI-stock portfolio Third Point LLC declared for Q2 2026 (Form 13F), held unchanged, returned -10.3% in Q3 2026 (SMH -7.1%), ranked 1648 of 1,776 active managers. Over the last 12 months, quarter after quarter: +11.2% (SMH +87.2%), ranked 1302 of 1,356 active managers. Over three years, quarter after quarter: +184.8% (SMH +325.8%), ranked 134 of 782 active managers. Trades made during a quarter are not visible in 13F filings: this measures its declared picks, not the return of its funds.
Largest positions
- Amazon (AMZN) — $417.1M: 1.8M shares, 0.02% of the company, 8.9% of its portfolio (trimmed this quarter); held since Q2 2023
- Alphabet (GOOGL) — $366.3M: 1.0M shares, 0.01% of the company, 7.8% of its portfolio (added this quarter); held since Q1 2026
- TSMC (TSM) — $219.7M: 460,000 shares, 0.01% of the company, 4.7% of its portfolio (added this quarter); held since Q2 2023
- Keysight Technologies (KEYS) — $204.8M: 585,000 shares, 0.34% of the company, 4.4% of its portfolio (new position this quarter)
- Flex (FLEX) — $166.9M: 1.0M shares, 0.28% of the company, 3.6% of its portfolio (new position this quarter)
- Hut 8 (HUT) — $151.8M: 1.3M shares, 1.1% of the company, 3.2% of its portfolio (added this quarter); held since Q1 2026
- MasTec (MTZ) — $120.7M: 290,000 shares, 0.36% of the company, 2.6% of its portfolio (trimmed this quarter); held since Q3 2025
- TTM Technologies (TTMI) — $94.4M: 505,000 shares, 0.48% of the company, 2.0% of its portfolio (new position this quarter)
- ASML (ASML) — $59.6M: 30,000 shares, 0.01% of the company, 1.3% of its portfolio (added this quarter); held since Q1 2026
- SpaceX (SPCX) — $30.8M: 180,415 shares, 0.00% of the company, 0.66% of its portfolio
- Core Scientific (CORZ) — $1.4M: 54,000 shares, 0.02% of the company, 0.03% of its portfolio (new position this quarter)
- Applied Digital (APLD) — $820,600.00: 22,000 shares, 0.01% of the company, 0.02% of its portfolio (new position this quarter)
- Wolfspeed (WOLF) — $482,500.00: 10,000 shares, 0.02% of the company, 0.01% of its portfolio (new position this quarter)
By sector
- Cloud & AI giants — $814.2M, 44% of its AI holdings, 3 companies
- Equipment & test — $264.4M, 14% of its AI holdings, 2 companies
- Servers & systems — $261.4M, 14% of its AI holdings, 2 companies
- Chips & compute — $220.2M, 12% of its AI holdings, 2 companies
- Neoclouds & data centers — $154.0M, 8% of its AI holdings, 3 companies
- Power, electrical & cooling — $120.7M, 7% of its AI holdings, 1 company
Biggest changes this quarter
- added to Alphabet (GOOGL): +$303.8M at the quarter's price
- opened a position in Keysight Technologies (KEYS): +$204.8M at the quarter's price
- opened a position in Flex (FLEX): +$166.9M at the quarter's price
- opened a position in TTM Technologies (TTMI): +$94.4M at the quarter's price
- added to TSMC (TSM): +$88.4M at the quarter's price
- sold out of Meta Platforms (META): -$51.5M at the quarter's price
- added to Hut 8 (HUT): +$51.4M at the quarter's price
- trimmed Amazon (AMZN): -$45.3M at the quarter's price
- added to ASML (ASML): +$35.8M at the quarter's price
- sold out of NVIDIA (NVDA): -$33.1M at the quarter's price