Third Point Master Fund December 2025 Performance
Third Point Master Fund returned 0.7% in December 2025, bringing YTD performance to 8.9%.
- Third Point Offshore Fund December 2025 return 0.7%
- Third Point Offshore Fund YTD 2025 return 8.9%
- Third Point Offshore Fund Q4 2025 return 1.9%
- Equity exposure (net) 71.6%
- Credit exposure (net) 34.2%
- Privates exposure (net) 4.9%
Select text to share a quote on X · sign in to keep highlights & notes in your MLHL notes
Monthly Update: December 2025 Performance
December 2025 Performance Highlights
Third Point Offshore Fund, Ltd. returned 0.7% in December 2025.
The top contributors for the month included transportation company DSV A/S, enterprise technology company Nvidia Corp., and financial company Capital One Financial Corp.
The top detractors for the month included infrastructure software company Microsoft Corp., a private company, and media and internet company Informa PLC.
Net Performance
| MTD | QTD | YTD | |
|---|---|---|---|
| Third Point Offshore Fund, Ltd. 2 | 0.7% | 1.9% | 8.9% |
| Current Malibu Life Asset Mix | |||
| 3 | |||
| Third Point Offshore Fund, Ltd. | 88% | ||
| Malibu Life Reinsurance SPC | 12% | ||
Portfolio Detail
4
The net weightings of the strategy at period-end were 71.6% in Equity, 34.2% in Credit, 4.9% in Privates and 3.1% in Other. A breakdown of positions, including major contributors and detractors, is provided below. For further detail please visit:
| EXPOSURE | GROSS MTD P&L 5 | NET MTD P&L 6 | GROSS YTD P&L 5 | NET YTD P&L 6 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| LONG | SHORT | NET | LONG | SHORT | NET | NET | LONG | SHORT | NET | NET | |
| Equity | 120.0% | -48.4% | 71.6% | 1.3% | -0.2% | 1.1% | 0.8% | 14.5% | -2.9% | 11.6% | 7.7% |
| Credit | 34.2% | 0.0% | 34.2% | 0.2% | 0.0% | 0.2% | 0.1% | 2.8% | -0.1% | 2.7% | 2.0% |
| Privates | 4.9% | 0.0% | 4.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -0.1% | -0.2% | -0.4% |
| Other 7 | 3.1% | 0.0% | 3.1% | -0.1% | -0.1% | -0.2% | -0.2% | -0.1% | -0.1% | -0.2% | -0.3% |
| Total | 162.2% | -48.4% | 113.8% | 1.4% | -0.4% | 1.0% | 0.7% | 17.2% | -3.2% | 13.9% | 8.9% |
Portfolio Detail
MTD Contributors
8
DSV A/S (transportation company)
Nvidia Corp. (enterprise technology company)
Capital One Financial Corp. (financial company)
SK Square Co. Ltd. (enterprise technology company)
SK Hynix (memory semiconductor company)
MTD Detractors
8
Microsoft Corp. (infrastructure software company)
Private
Informa PLC (media and internet company)
Vistra Corp. (utility company)
Ebara Corp. (industrials and materials company)
YTD Contributors
8
Siemens Energy AG (energy company)
Nvidia Corp. (enterprise technology company)
United States Steel Corp. (industrials and materials company)
TSMC (semiconductor company)
Phoenix Financial Ltd. (financial company)
YTD Detractors
8
Kenvue Inc. (consumer staples company)
Pacific Gas and Electric Co. (utility company)
Primo Brands Corp. (beverage company)
Microsoft Corp. (infrastructure software company)
London Stock Exchange Group PL (financial company)
Top Gross Equity Longs
8
Nvidia Corp. (enterprise technology company)
Pacific Gas and Electric Co. (utility company)
Kenvue Inc. (consumer staples company)
Amazon.com Inc. (e-commerce company)
Microsoft Corp. (infrastructure software company)
Top Gross Corporate Credit Longs
8,9
X Corp. (enterprise technology company)
Bausch Health Cos Inc. (healthcare company)
X.AI Corp. (enterprise technology company)
Connect Holding II LLC (telecommunications company)
MPH Acquisition Holdings LLC (healthcare company)
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.