Investor: Daniel Loeb
Number of Assets: 44
Reporting Period: Q4 - 2025
Holdings at Report: $7,274,621,868
Return Since Report: -$345,078,711
Return Since Report: -4.74%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Alibaba Group Holding Limited (BABA) | Equity | +100% | 825,000 | 1.67% | $146.58 | $125.49 | $120,928,500 | $103,529,250 | -$17,399,250 | -14.39% |
| Amazon.com Inc. (AMZN) | Equity | -22.95% | 2,165,000 | 6.90% | $230.82 | $208.30 | $499,725,300 | $450,969,500 | -$48,755,800 | -9.76% |
| API Group Corp. (APG) | Equity | +100% | 3,000,000 | 1.58% | $38.26 | $40.54 | $114,780,000 | $121,620,000 | +$6,840,000 | +5.96% |
| Ars Pharmaceuticals Inc. (SPRY) | Equity | +100% | 556,237 | 0.09% | $11.65 | N/A | $6,480,161 | N/A | N/A | N/A |
| Aurora Innovation Inc. (AUROW) | Warrant | +100% | 1,835,000 | N/A | $0.23 | N/A | $413,059 | N/A | N/A | N/A |
| Aurora Innovation Inc. (AUR) | Equity | 0% | 1,032,463 | 0.05% | $3.84 | $4.13 | $3,964,658 | $4,264,072 | +$299,414 | +7.55% |
| Bausch Health Companies Inc. (BHC) | Equity | +250.00% | 350,000 | 0.03% | $6.95 | $5.40 | $2,432,500 | $1,888,250 | -$544,250 | -22.37% |
| Brookfield Corp. (BN) | Equity | +32.62% | 6,200,000 | 3.93% | $45.89 | $40.47 | $284,518,000 | $250,883,000 | -$33,635,000 | -11.82% |
| Capital One Financial Corp. (COF) | Equity | -20.58% | 1,100,000 | 3.68% | $242.36 | $182.19 | $266,596,000 | $200,409,000 | -$66,187,000 | -24.83% |
| Carpenter Technology Corp. (CRS) | Equity | -7.65% | 785,000 | 3.41% | $314.84 | $395.50 | $247,149,400 | $310,463,575 | +$63,314,175 | +25.62% |
| Casey's General Stores Inc. (CASY) | Equity | -9.00% | 455,000 | 3.47% | $552.71 | $727.86 | $251,483,050 | $331,176,300 | +$79,693,250 | +31.69% |
| Chipotle Mexican Grill Inc. (CMG) | Equity | +100% | 4,725,000 | 2.41% | $37.00 | $31.99 | $174,825,000 | $151,152,750 | -$23,672,250 | -13.54% |
| Claritev Corporation | Equity | +100% | 145,000 | 0.09% | $42.75 | $0.00 | $6,198,750 | $0 | -$6,198,750 | -100% |
| Comfort Systems Usa Inc. (FIX) | Equity | -47.50% | 105,000 | 1.35% | $933.29 | $1,379.62 | $97,995,450 | $144,860,100 | +$46,864,650 | +47.82% |
| Constellation Energy Corp. (CEG) | Equity | +100% | 475,000 | 2.32% | $353.27 | $278.72 | $167,803,250 | $132,392,000 | -$35,411,250 | -21.10% |
| Costar Group Inc. (CSGP) | Equity | +4.91% | 3,165,000 | 2.94% | $67.24 | $40.34 | $212,814,600 | $127,676,100 | -$85,138,500 | -40.01% |
| CRH PLC (CRH) | Equity | +20.09% | 2,600,000 | 4.48% | $124.80 | $105.35 | $324,480,000 | $273,910,000 | -$50,570,000 | -15.58% |
| Csx Corp. (CSX) | Equity | +100% | 500,000 | 0.25% | $36.25 | $41.05 | $18,125,000 | $20,525,000 | +$2,400,000 | +13.24% |
| Danaher Corp. (DHR) | Equity | +1100.00% | 600,000 | 1.90% | $228.92 | $189.57 | $137,352,000 | $113,742,000 | -$23,610,000 | -17.19% |
| Flyexclusive Inc. (FLYX-WS) | Bond | +100% | 367,499 | N/A | $0.28 | N/A | $104,664 | N/A | N/A | N/A |
| Flyexclusive Inc. (FLYX) | Equity | 0% | 1,022,000 | 0.06% | $4.11 | $2.26 | $4,200,420 | $2,309,720 | -$1,890,700 | -45.01% |
| Hertz Global Holdings Inc. (HTZWW) | Warrant | +100% | 3,970,000 | N/A | $2.68 | N/A | $10,639,600 | N/A | N/A | N/A |
| Kenvue Inc. (KVUE) | Equity | -63.89% | 3,250,000 | 0.77% | $17.25 | $17.24 | $56,062,500 | $56,013,750 | -$48,750 | -0.09% |
| Live Nation Entertainment Inc. (LYV) | Equity | +27.78% | 1,725,000 | 3.39% | $142.50 | $154.83 | $245,812,500 | $267,081,750 | +$21,269,250 | +8.65% |
| Lpl Financial Holdings Inc. (LPLA) | Equity | -14.16% | 510,000 | 2.51% | $357.17 | $302.28 | $182,156,700 | $154,162,800 | -$27,993,900 | -15.37% |
| Mastec Inc. (MTZ) | Equity | +27.59% | 925,000 | 2.77% | $217.37 | $321.74 | $201,067,250 | $297,609,500 | +$96,542,250 | +48.01% |
| Microsoft Corp. (MSFT) | Equity | -15.91% | 925,000 | 6.17% | $483.62 | $370.17 | $447,348,500 | $342,407,250 | -$104,941,250 | -23.46% |
| Norfolk Southern Corp. (NSC) | Equity | -40.91% | 975,000 | 3.88% | $288.72 | $286.93 | $281,502,000 | $279,756,750 | -$1,745,250 | -0.62% |
| Nvidia Corp. (NVDA) | Equity | +3.51% | 2,950,000 | 7.59% | $186.50 | $174.21 | $550,175,000 | $513,919,500 | -$36,255,500 | -6.59% |
| PG&E Corp. (PCG) | Equity | -31.54% | 34,300,000 | 7.61% | $16.07 | $17.56 | $551,201,000 | $602,136,500 | +$50,935,500 | +9.24% |
| PG&E Corp. | Bond | +100% | 10,000,000 | N/A | $1.03 | N/A | $10,283,406 | N/A | N/A | N/A |
| Pg&e Corporation (PCG) | C.Pref | +100% | 140,000 | N/A | $41.00 | N/A | $5,740,000 | N/A | N/A | N/A |
| The Progressive Corp. (PGR) | Equity | +100% | 220,000 | 0.69% | $227.72 | $198.17 | $50,098,400 | $43,596,300 | -$6,502,100 | -12.98% |
| Rocket Companies Inc. (RKT) | Equity | +137.88% | 9,515,000 | 2.54% | $19.36 | $14.24 | $184,210,400 | $135,493,600 | -$48,716,800 | -26.45% |
| Sharkninja Inc. (SN) | Equity | -33.33% | 1,200,000 | 1.85% | $111.90 | $105.95 | $134,280,000 | $127,140,000 | -$7,140,000 | -5.32% |
| Somnigroup International Inc. (TPX) | Equity | +13.33% | 3,400,000 | 4.19% | $89.28 | $59.86 | $303,552,000 | $203,524,000 | -$100,028,000 | -32.95% |
| Spotify Technology S.A. (SPOT) | Equity | +100% | 100,000 | 0.80% | $580.71 | $485.45 | $58,071,000 | $48,545,000 | -$9,526,000 | -16.40% |
| Blade Air Mobility Inc. (BLDE) | Equity | 0% | 5,000,000 | 0.33% | $4.81 | N/A | $24,050,000 | N/A | N/A | N/A |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | -61.36% | 425,000 | 1.78% | $303.89 | $337.70 | $129,153,250 | $143,522,500 | +$14,369,250 | +11.13% |
| Telephone And Data Systems Inc. (TDS) | Equity | -0.48% | 6,675,000 | 3.78% | $41.00 | $42.08 | $273,675,000 | $280,884,000 | +$7,209,000 | +2.63% |
| Thermo Fisher Scientific Inc. (TMO) | Equity | +100% | 50,000 | 0.40% | $579.45 | $492.01 | $28,972,500 | $24,600,250 | -$4,372,250 | -15.09% |
| Union Pacific Corp. (UNP) | Equity | +106.86% | 1,810,000 | 5.78% | $231.32 | $242.22 | $418,689,200 | $438,409,150 | +$19,719,950 | +4.71% |
| Vistra Corp. (VST) | Equity | +7.49% | 1,005,000 | 2.24% | $161.33 | $150.26 | $162,136,650 | $151,011,300 | -$11,125,350 | -6.86% |
| Wix.com Ltd (WIX) | Equity | +100% | 225,000 | 0.32% | $103.89 | $89.99 | $23,375,250 | $20,247,750 | -$3,127,500 | -13.38% |