Third Point LLC
Third Point LLC is a leading New York-based hedge fund and investment management firm founded in 1995 by Dan Loeb, one of Wall Street’s most influential activist investors. The firm is widely recognized for its activist investment strategy, engaging with company management teams to unlock shareholder value through strategic, operational, and governance improvements. Third Point employs a flexible, opportunistic investment approach that targets opportunities across the capital structure, including public equities, corporate credit, structured credit, and venture capital. The firm focuses on situations with identifiable catalysts that can drive substantial value creation for investors. With a reputation for high-profile activist campaigns and deep fundamental research, Third Point has become one of the most respected names in alternative asset management, delivering long-term, risk-adjusted returns through disciplined investing and active engagement.
Associated People
1995 - present
2008 - present
2008 - 2020
2009 - 2017
INVESTMENT FOCUS
Equity Investments – Third Point’s equity strategy focuses on uncovering undervalued businesses with clear catalysts for change or growth.
Credit and Fixed Income – The firm invests across the credit spectrum, including distressed debt, high-yield bonds, and structured credit.
Event-Driven Strategies – Third Point targets special situations arising from corporate events such as mergers and acquisitions, spin-offs, recapitalizations, and restructurings.
Activist Investing – Known for its bold activism, Third Point takes significant equity positions in underperforming companies to advocate for strategic changes.
NOTABLE CAMPAIGNS
Yahoo! Inc. – Third Point became one of Yahoo!’s largest shareholders, successfully advocating for major strategic changes, including leadership overhaul and a refocus on core assets.
MGM Resorts International – During the COVID-19 pandemic, Third Point invested in MGM, recognizing its recovery potential and long-term value in the hospitality and entertainment sectors.
Sony Group Corporation – Third Point acquired a sizable stake in Sony and urged the company to spin off its entertainment division, driving discussions about operational efficiency and strategic focus.
Shell plc – The firm has pushed for clearer sustainability and energy transition strategies at Shell, emphasizing improved capital returns and shareholder value creation.