Hedge fund manager whose New York firm invests in events and value, buying into troubled companies; it managed $4 billion in December 2023.
Wrote no book; his caustic 13D letters to boards in the early 2000s created a genre, and the Third Point quarterly letters are among the most quoted in the industry.
34 letters · 3 books they recommend
A speculator modelled on Jesse Livermore learns to read and trade the market.
“Everyone had to read, because it's such great history, Edwin Lefevre's Reminiscences of a Stock Operator.” — Daniel Loeb
Source: Loeb making it required reading for its history
Also recommended by: Barton Biggs, Bill Miller, Colm O'Shea and 4 others
Where to find mispriced stocks: spinoffs, mergers, bankruptcies and restructurings.
“Joel Greenblatt wrote probably the best book ever 'You can be a Stock Market Genius'.” — Daniel Loeb
Source: Loeb calling it probably the best book ever written on investing
Also recommended by: Guy Spier, Mohnish Pabrai and 6 others
Eight CEOs who beat the market by allocating capital, not by running operations.
“Of the two most consequential books that I read that had the most influence on me in quality investing, one would be The Outsiders.” — Daniel Loeb
Source: Loeb naming it one of the two most consequential books he read on quality investing
Also recommended by: Andrew Wilkinson, Francois Rochon and 12 others
| Third Point Q2 2026 Investor Letter | Third Point returned 7.7% in Q2 2026 on semiconductors, memory and power infrastructure, led by SK Hynix and TSMC, and opened a position in Flex ahead of its CPI spin-off. | 2 2026 | CRH, Flex, London Stock Exchange Group, Alphabet, SK Hynix | |
| Third Point Q1 2026 Investor Letter | Third Point returned -0.6% in Q1 2026; it explains exits from the rails and Kimberly-Clark, its CoStar board campaign, Indra Sistemas and a position in GSE preferreds. | 1 2026 | CoStar Group, London Stock Exchange Group, Indra Sistemas | |
| Third Point Q4 2025 Investor Letter | Third Point returned 1.9% in Q4 2025, led by SK Hynix, DSV, Siemens Energy, Carpenter Technology and PG&E, while CoStar, Microsoft and Meta lost money. | 4 2025 | SK Hynix, London Stock Exchange Group, Microsoft, Meta Platforms | |
| Third Point Q3 2025 Investor Letter | Third Point returned 3.2% in Q3 2025 on TSMC, Nvidia, CRH, Comfort Systems and PG&E, while Kenvue, DSV, Primo Brands, LSEG and Flutter lost money. | 3 2025 | SK Hynix, London Stock Exchange Group, Tesla, Nvidia, TSMC, Kenvue | |
| Third Point Q2 2025 Investor Letter | Third Point returned 7.5% in Q2 2025 after the Liberation Day sell-off, led by Siemens Energy, US Steel, TSMC, Nvidia and Vistra. | 2 2025 | London Stock Exchange Group, Nvidia, Siemens Energy, U.S. Steel, Casey's General Stores | |
| Third Point Q1 2025 Investor Letter | Third Point returned -3.7% in Q1 2025; Meta, Rolls-Royce, ICE, Phoenix Holdings and Telephone and Data Systems gained while PG&E and TSMC lost. | 1 2025 | CoStar Group, Meta Platforms, London Stock Exchange Group | |
| Third Point letter to the directors of Soho House & Co (SC 13D exhibit) | Third Point, owner of 9.9% of Soho House's Class A shares, accuses the board of running an opaque take-private process that fails to get maximum value for all shareholders. | 2025 | Soho House & Co | |
| Third Point Q4 2024 Investor Letter | Third Point returned 9.1% in Q4 2024 and 24.2% for the year, led by Siemens Energy, Amazon, Tesla, LPL Financial and Apollo. | 4 2024 | PG&E, Siemens Energy, London Stock Exchange Group | |
| Third Point Q3 2024 Investor Letter | Third Point returned 3.9% in Q3 2024, led by private R2 Semiconductor, PG&E and Vistra. | 3 2024 | DSV, R2 Semiconductor, London Stock Exchange Group, Amazon, Intel | |
| Third Point Q2 2024 Investor Letter | Third Point returned 1.8% in Q2 2024, led by TSMC, Alphabet, Amazon, Vistra and Apple. | 2 2024 | Apple, London Stock Exchange Group, Intercontinental Exchange | |
| Third Point Q1 2024 Investor Letter | Third Point returned 7.8% in Q1 2024, led by Meta, Vistra, Amazon, Bath & Body Works and Microsoft, while PG&E and DuPont lost money. | 1 2024 | Alphabet, Vistra, London Stock Exchange Group, TSMC, Amazon, Intel, Microsoft, Meta Platforms, Nvidia, Apple, PG&E, Bath & Body Works | |
| Third Point Q4 2023 Investor Letter | Third Point's master fund gained 7.6% in Q4 2023 from equity longs, risk arbitrage and corporate credit. | 4 2023 | ||
| Third Point Q3 2023 Investor Letter | Third Point's master fund lost slightly in Q3 2023 as short equity positions beat longs and credit returned steadily. | 3 2023 | ||
| Third Point Q2 2023 Investor Letter | Third Point's Q2 2023 returns were held back by hedges, single-name shorts and weak longs while a few technology stocks drove the indices. | 2 2023 | Danaher | |
| Third Point Q1 2023 Investor Letter | Third Point argues for keeping liquidity to buy when markets break, after Q1 2023's SVB failure; LVMH, Disney and Microsoft gained, FIS and Colgate lost. | 1 2023 | Alphabet, Microsoft, Bath & Body Works, Colgate-Palmolive, LVMH, Walt Disney, Fidelity National Information Services | |
| Third Point Q4 2022 Investor Letter | Third Point used Q4 2022 volatility to add exposure, with a new position in AIG and more in Bath & Body Works and DuPont. | 4 2022 | DuPont de Nemours, Bath & Body Works, American International Group, PG&E, Colgate-Palmolive | |
| Third Point Q3 2022 Investor Letter | Third Point's offshore fund lost 3.2% in Q3 2022 and 22.7% year to date, against -23.9% for the S&P 500. | 3 2022 | Walt Disney, Colgate-Palmolive, PG&E, London Stock Exchange Group | |
| Third Point Q2 2022 Investor Letter | Third Point cut risk in Q2 2022 amid inflation, rate rises and recession risk; SentinelOne, PG&E, Amazon, Crown and Danaher lost most. | 2 2022 | Walt Disney | |
| Third Point Q1 2022 Investor Letter | Third Point turned defensive in Q1 2022, cutting beta-adjusted net equity exposure from 75% to its lowest in ten years on valuation and geopolitical worries. | 1 2022 | PG&E, SentinelOne | |
| Third Point letter to The Walt Disney Company (August 2022) | Dan Loeb writes to Disney urging changes to its board and structure, including a possible ESPN spin-off. | 3 2022 | Walt Disney | |
| Third Point letter to Bath & Body Works (February 2022) | Third Point, holder of over 6% of Bath & Body Works, presses the board for greater growth and efficiency now that the company stands alone. | 1 2022 | Bath & Body Works | |
| Third Point Q4 2021 Investor Letter | Third Point returned -5.3% in Q4 2021 and +22.7% for the year, led by Rivian among the quarter's winners. | 4 2021 | Intel, Amazon, Upstart Holdings, Rivian | |
| Third Point Q3 2021 Investor Letter | Third Point returned +12.5% in Q3 2021 and +29.5% for the year to date, against +15.9% for the S&P 500. | 3 2021 | Rivian, Dell, Universal Music Group, Amazon, SentinelOne, Upstart Holdings | |
| Third Point Q2 2021 Investor Letter | Third Point returned +3.7% in Q2 2021 and +15.2% for the first half, with SentinelOne among the top winners. | 2 2021 | Walt Disney, SentinelOne, Intel, Microsoft, Danaher, Upstart Holdings | |
| Third Point Q1 2021 Investor Letter | Third Point returned +11.0% in Q1 2021, led by Upstart Holdings. | 1 2021 | CoStar Group, Upstart Holdings, SentinelOne, Intel, Dell | |
| Third Point Q4 2020 Investor Letter | Third Point returned +16.1% in Q4 2020 and +20.5% for the year. | 4 2020 | Upstart Holdings, Intel | |
| Third Point Q3 2020 Investor Letter | Third Point returned 11.7% in Q3 2020, putting it back in positive territory for the year. | 3 2020 | SentinelOne, Upstart Holdings | |
| Third Point Q2 2020 Investor Letter | Third Point returned 10.8% in Q2 2020, split between equity and credit, cutting its year-to-date loss to -3.7% by July. | 2 2020 | Walt Disney, PG&E, Amazon, S&P Global, Yahoo! | |
| Third Point Q1 2020 Investor Letter | Third Point explains its 16% loss in Q1 2020, the shifts it made to its asset mix and where it sees opportunity after the market turmoil. | 1 2020 | EssilorLuxottica | |
| Third Point letter to Intel chairman Omar Ishrak | Dan Loeb tells Intel's chairman that Third Point has taken a significant stake and urges the board to fix Intel's lost manufacturing lead, including exploring options for its chip-making. | 2020 | Intel, TSMC, Amazon | |
| Third Point letter to The Walt Disney Company (October 2020) | Third Point backs Disney CEO Bob Chapek's push into direct-to-consumer streaming, such as releasing Hamilton and Mulan there, and urges more. | 4 2020 | Walt Disney, Netflix | |
| Third Point letter to the Board of Sotheby's (SC 13D exhibit) | Third Point, now Sotheby's largest shareholder at 9.3%, criticises the board and calls for changes in leadership. | 2013 | Sotheby's | |
| Third Point letter to Yahoo! chief executive Scott Thompson (SC 13D exhibit) | Third Point, Yahoo!'s largest outside shareholder, criticises CEO Scott Thompson and the board for rejecting its compromise on board nominees. | 2012 | Yahoo!, Microsoft | |
| Third Point statement on Yahoo! board (SC 13D/A exhibit) | Third Point, Yahoo!'s second largest shareholder, objects to a reported leveraged recapitalisation that would let private equity firms gain control. | 2011 | Yahoo! |