Third Point Master Fund April 2026 Performance
Third Point Master Fund reported a 4.5% return for April 2026, contributing to a 4.0% year-to-date performance for the Third Point Offshore Fund, Ltd. The fund's asset mix consists of 80% in Third Point Offshore Fund, Ltd. and 20% in Malibu Life Reinsurance SPC. Key contributors to the monthly performance included Amazon.com Inc., Alphabet Inc., and Broadcom Inc., while detractors comprised a short position, Quebecor Inc., and Danaher Corp. The portfolio's net exposure at period-end was 43.9% in Equity, 36.2% in Credit, 4.6% in Privates, and 2.9% in Other.
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April 2026 Performance Highlights
Third Point Offshore Fund, Ltd. returned 4.5% in April 2026.
The top contributors for the month included e-commerce company Amazon.com Inc., internet and technology company Alphabet Inc., and enterprise technology company Broadcom Inc.
The top detractors for the month included
a short position, media and internet company Quebecor Inc., and diversified life sciences and diagnostics company Danaher Corp.
Net Performance
| MTD | QTD | YTD | |
|---|---|---|---|
| Third Point Offshore Fund, Ltd. 2 | 4.5% | 4.5% | 4.0% |
| Current Malibu Life Asset Mix3 | |||
| Third Point Offshore Fund, Ltd. | 80% | ||
| Malibu Life Reinsurance SPC | 20% | ||
Portfolio Detail4
The net weightings of the strategy at period-end were 43.9% in Equity, 36.2% in Credit, 4.6% in Privates and 2.9% 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 | 66.4% | -22.5% | 43.9% | 4.9% | -0.1% | 4.8% | 3.7% | 2.7% | 1.5% | 4.2% | 2.7% |
| Credit | 36.4% | -0.2% | 36.2% | 0.8% | 0.0% | 0.8% | 0.6% | 1.1% | 0.0% | 1.1% | 0.8% |
| Privates | 4.6% | 0.0% | 4.6% | 0.0% | 0.0% | 0.0% | -0.1% | -0.1% | 0.0% | -0.1% | -0.2% |
| Other 7 | 2.9% | 0.0% | 2.9% | 0.1% | 0.1% | 0.2% | 0.2% | 0.4% | 0.3% | 0.7% | 0.6% |
| Total | 110.4% | -22.7% | 87.6% | 5.8% | 0.0% | 5.8% | 4.5% | 4.1% | 1.8% | 5.9% | 4.0% |
Portfolio Detail
MTD Contributors8
Amazon.com Inc. (e-commerce company)
Alphabet Inc. (internet and technology company)
Broadcom Inc. (enterprise technology company)
TSMC (semiconductor company)
CRH PLC (industrials and materials company)
MTD Detractors8
Short
Quebecor Inc. (media and internet company)
Danaher Corp. (diversified life sciences and diagnostics company)
Short
Paramount Skydance Corp. (media and internet company)
YTD Contributors8
MasTec Inc. (industrials and materials company)
Siemens Energy AG (industrials and materials company)
Amazon.com Inc. (e-commerce company)
Carpenter Technology Corp. (industrials and materials company)
Keysight Technologies Inc. (enterprise technology company)
YTD Detractors8
CoStar Group Inc. (financial company)
Capital One Financial Corp. (financial company)
Somnigroup International Inc. (consumer discretionary company)
Brookfield Corp. (financial company)
Indra Sistemas SA (enterprise technology company)
Top Gross Equity Longs8
Amazon.com Inc. (e-commerce company)
Nvidia Corp. (enterprise technology company)
Warner Bros Discovery Inc. (media and internet company)
Broadcom Inc. (enterprise technology company)
Telephone and Data Systems, Inc. (telecommunications company)
Top Gross Corporate Credit Longs8,9
Bausch Health Cos Inc. (healthcare company)
Connect Holding II LLC (telecommunications company)
AMC Entertainment Holdings Inc.
(movie theatre company)
Ardagh Group SA (industrials and materials company)
Coreweave Inc. (enterprise technology company)
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