Third Point Management’s Q4 2025 Investor Letter

Third Point Management, a New York-based investment advisor, released its fourth-quarter 2025 investor letter. 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.

A copy of Third Point Management’s Q4 2025 investor letter can be downloaded here.