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Here are Third Point Management’s Views on Somnigroup International (SGI)

Third Point Management, a New York-based investment advisor, released its fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. Third Point returned 1.9% net in the flagship Offshore Fund in Q4 2025. The same trends that drove markets higher in Q4 2025 have extended to early 2026. In an AI-dominated market, capital-intensive businesses and the healthcare sector are gaining attention from investors. Please review the Fund’s top five holdings to gain insights into their key selections for 2025.

In its fourth-quarter 2025 investor letter, Third Point Management...