Daniel Loeb's Third Point Loads Up On Chipotle, Constellation, Alibaba While Slashing TSM, Amazon in Q4 Shake-Up

Hedge fund billionaire Daniel Loeb reshuffled positions at Third Point LLC in the fourth quarter, adding several new consumer and international plays while trimming exposure to select mega-cap and semiconductor names, according to the fund’s latest Form 13F filed with the U.S. Securities and Exchange Commission for the period ended Dec. 31, 2025.

Top 5 New Buys

• Third Point initiated a new position in Chipotle Mexican Grill Inc. (NYSE:CMG) valued at about $174.8 million, marking one of the firm's largest fresh consumer-facing investments of the quarter.
• The fund also established a stake in Constellation Energy Corp (NASDAQ:CEG) worth about $167.8 million, adding exposure to the power and utility sector heading into 2026, amid the AI-driven boom in demand. ...

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