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Funds (13F)

Third Point LLC

Backtest from 16 Aug 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+10.3%
S&P 500 +14.1%
Last 12 months
−8.1%
S&P 500 +12.1%
Sharpe ratio
0.51
S&P 500 0.78
Biggest drop
−46.5%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$36.6k
Third Point LLCS&P 500 $10,000 in Third Point LLC from 16 Aug 2013 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Third Point LLC's quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Third Point LLC's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+10.3%+14.1%
Total return+266%+470%
Last 12 months−8.1%+12.1%
Last 3 months−7.6%—
Last month−5.6%—
This year so far−8.9%—
Volatility a year18.6%16.0%
Sharpe ratio0.510.78
Biggest drop−46.5%−31.8%
Beta to the S&P 5000.981.00
Alpha a year (t-statistic)−2.7% (−1.00)—
Share of weeks up59%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
AMZN10.3%——
GOOGL9.1%——
CRH5.8%——
TDS5.8%——
TSM5.5%——
LYV5.2%——
KEYS5.1%——
SGI5.0%——
XYZ4.8%——
NSC4.7%——
FLEX4.1%——
COF4.1%——
HUT3.8%——
CRS3.3%——
APG3.0%——
MTZ3.0%——
TDG2.6%——
DHR2.5%——
UNP2.4%——
TTMI2.3%——
PFGC1.9%——
ASML1.5%——
SYY1.2%——
ARES1.0%——
SPCX0.8%——
SRTA0.7%——
SPRY0.2%——
AUR0.2%——
FLYX0.1%——
BLCO0.0%——
CORZ0.0%——
EROC0.0%——
APLD0.0%——
WOLF0.0%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest16 Aug 2013 to 2 Nov 2026+10.3%+14.1%0.510.78−46.5%0.98−2.7% (−1.00)
2018 onwards5 Jan 2018 to 2 Nov 2026+6.3%+13.9%0.260.66−46.5%0.97−6.1% (−1.66)
Last three years3 Nov 2023 to 2 Nov 2026+12.3%+21.8%0.531.16−19.3%1.02−8.1% (−1.87)
Last year7 Nov 2025 to 2 Nov 2026−6.9%+14.2%−0.650.84−15.2%0.98−19.5% (−2.02)
DateCompanyAction
21 Aug 2026XYZBought
21 Aug 2026WOLFBought
21 Aug 2026TTMIBought
21 Aug 2026SYYBought
21 Aug 2026SPCXBought
21 Aug 2026PFGCBought
21 Aug 2026KEYSBought
21 Aug 2026FLEXBought
21 Aug 2026EROCBought
21 Aug 2026CORZBought
21 Aug 2026BLCOBought
21 Aug 2026ARESBought
21 Aug 2026APLDBought
22 May 2026TDGBought
22 May 2026METABought
22 May 2026LRCXBought
22 May 2026KLACBought
22 May 2026HUTBought
22 May 2026GOOGLBought
22 May 2026AVGOBought
22 May 2026ASMLBought
20 Feb 2026WIXBought
20 Feb 2026TMOBought
20 Feb 2026SPRYBought
20 Feb 2026SPOTBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026SNSold
21 Aug 2026NVDASold
21 Aug 2026METASold
21 Aug 2026LRCXSold
21 Aug 2026KLACSold
21 Aug 2026CTEVSold
21 Aug 2026AVGOSold
22 May 2026WIXSold
22 May 2026VSTSold
22 May 2026TMOSold
22 May 2026SPOTSold
22 May 2026RKTSold
22 May 2026PGRSold
22 May 2026PCGSold
22 May 2026MSFTSold
22 May 2026LPLASold
22 May 2026KVUESold
22 May 2026FIXSold
22 May 2026CSXSold
22 May 2026CSGPSold
22 May 2026CMGSold
22 May 2026CEGSold
22 May 2026CASYSold
22 May 2026BHCSold
22 May 2026BABASold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest