Third Point LLC disclosed in an SEC filing its holdings as of March 31, 2023. The fund’s 14 new buys during the first quarter included, by size of position, Alphabet Class A (GOOGL), HCA Healthcare (HCA), Salesforce (CRM), Alibaba (BABA), and National Instruments (NATI). Third Point exited 12 positions during the quarter, including by size of previous position TJX (TJX), Ovintiv (OVV), Fidelity National Information Services (FIS), Disney (DIS), and LabCorp (LH). The fund increased its stake in seven holdings, including by size of previous position DuPont (DD), Hertz (HTZ), PG&E (PCG), International Flavors and Fragrances (IFF), and Danaher (DHR). Third Point reduced its stake in four holdings, including by size of previous position UnitedHealth (UNH), AIG (AIG), Colgate-Palmolive (CL), and Microsoft (MSFT). The fund’s top holdings as of March 31, in order of size, were PG&E, Colgate-Palmolive, Danaher, Bath & Body Works (BBWI), and Alphabet Class A.
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