>>> Third Point (Dan Loeb) discloses updated portfolio positions in 13F filing:

Third Point (Dan Loeb) discloses updated portfolio positions in 13F filing: New RKT FLS COOP positions
Highlights from Q2 2025 filing as compared to Q1 2025 (all amounts are approximate):
  • New positions in: RKT (4.75 mln shares), FLS (1.2 mln), COOP (0.93 mln), SABR (0.75 mln), DOCU (0.63 mln), DHR (0.5 mln), WDAY (0.3 mln), GTLS (0.22 mln), FIX (0.19 mln)
  • Increased positions in: PRMB (to 5.78 mln shares from 2.78 mln shares), NVDA (to 2.8 mln from 1.45 mln), CSGP (to 3.09 mln from 1.98 mln), COF (to 1.8 mln from 1.05 mln), SN (to 1.2 mln from 0.55 mln), BN (to 4.68 mln from 4.24 mln), VST (to 1.25 mln from 0.85 mln), AMZN (to 2.71 mln from 2.35 mln), TLN (to 0.79 mln from 0.59 mln)
  • Maintained positions in: PCG (51.1 mln shares), TDS (6.73 mln shares), LPLA (0.63 mln shares)
  • Closed positions in: T (from 3.78 mln shares) EQT (from 2.95 mln) SDRL (from 1.03 mln), PINS (from 1 mln) HES (from 0.63 mln)
  • Decreased positions in: KVUE (to 8.53 mln shares from 8.9 mln shares), TSM (to 1.43 mln from 1.78 mln), RBA (to 0.7 mln from 0.95 mln), APO (to 1.28 mln from 1.5 mln), ICE (to 0.95 mln from 1.1 mln), J (to 1.26 mln from 1.4 mln), CRH (to 2.59 mln from 2.72 mln), LYV (to 1.98 mln from 2.1 mln), CRS (to 0.75 mln from 0.87 mln)

>>> Berkshire Hathaway (Warren Buffett) discloses updated portfolio positions i

Berkshire Hathaway (Warren Buffett) discloses updated portfolio positions in 13F filing: New LEN NUE UNH DHI LAMR ALLE positions, Cut BAC AAPL DVA CHTR FWONK holdings
Highlights from Q2 2025 filing as compared to Q1 2025 (all amounts are approximate):
  • New: LEN (7.05 mln shares), NUE (6.61 mln), UNH (5.04 mln), DHI (1.49 mln), LAMR (1.17 mln), ALLE (0.78 mln)
  • Increased: CVX (to 122.06 mln shares from 118.61 mln shares), POOL (to 3.46 mln from 1.46 mln), STZ (to 13.4 mln from 12.01 mln), HEI (to 1.29 mln from 1.16 mln), LEN.B (to 0.18 mln from 0.15 mln)
  • Maintained: KO (400 mln shares), KHC (325.63 mln shares), OXY (264.94 mln shares), AXP (151.61 mln shares), SIRI (119.78 mln shares), KR (50 mln shares), CB (27.03 mln shares), MCO (24.67 mln shares), VRSN (13.29 mln shares),
  • Exited: TMUS (from 3.88 mln shares)
  • Decreased: BAC (to 605.27 mln shares from 631.57 mln shares), AAPL (to 280 mln from 300 mln), DVA (to 33.8 mln from 35.14 mln), CHTR (to 1.06 mln from 1.98 mln), FWONK (to 3.02 mln from 3.51 mln)

>>> Corvex Management (Keith Meister) discloses updated portfolio positions in 1

Corvex Management (Keith Meister) discloses updated portfolio positions in 13F filing: New QSR ORCL positions, Boosted VSTS WGS AQN SWX AMZN LLYVK holdings
Highlights from Q2 2025 filing as compared to Q1 2025 (all amounts are approximate):
  • New: QSR (873K), ORCL (100K)
  • Increased: VSTS (to 18.8 mln shares from 17.01 mln shares), WGS (to 3.06 mln from 2.47 mln), AQN (to 6.18 mln from 5.68 mln), SWX (to 5.03 mln from 4.77 mln), AMZN (to 0.68 mln from 0.57 mln), LLYVK (to 0.03 mln from 0.02 mln)
  • Maintained: MGM (5.63 mln shares), ILMN (3.83 mln shares), CSX (1.75 mln shares), SRE (1.06 mln shares), LLYVA (1.01 mln shares), HSII (1 mln shares), NSC (0.3 mln shares), MSFT (0.17 mln shares)
  • Closed positions in: UGI (from 1.96 mln shares), KOF (from 1 mln), TSM (from 0.31 mln), IBIT (from 0.2 mln)
  • Decreased: DLTR (to 0.98 mln shares from 3.21 mln shares), MDU (to 4.18 mln from 5.87 mln), GOOGL (to 0.23 mln from 0.64 mln), LNG (to 0.06 mln from 0.14 mln)

>>> Lone Pine discloses updated portfolio positions in 13F filing: New EQT BN W

Lone Pine discloses updated portfolio positions in 13F filing: New EQT BN WIX UNH BKNG positions, Boosted VST AMZN KKR CRM LPLA holdings
Highlights from Q2 2025 filing as compared to Q1 2025 (all amounts are approximate):
  • New: EQT (7.52 mln shares), BN (5.62 mln), WIX (2.16 mln), UNH (1.69 mln), BKNG (0.06 mln)
  • Increased: VST (to 6.47 mln shares from 4.6 mln shares), AMZN (to 5.03 mln from 4.35 mln), KKR (to 5.22 mln from 4.76 mln), CRM (to 1.86 mln from 1.73 mln), LPLA (to 1.87 mln from 1.76 mln)
  • Maintained: TLN (1.09 mln shares)
  • Closed: TOL (from 3.8 mln shares), ARES (from 1.6 mln), CDNS (from 1.22 mln), LLY (from 0.55 mln), WING (from 0.45 mln)
  • Decreased: SBUX (to 5.56 mln shares from 6.61 mln shares), INTU (to 0.77 mln from 1.4 mln), CVNA (to 1.77 mln from 2.31 mln), TSM (to 3.44 mln from 3.87 mln), FLUT (to 1.86 mln from 2.22 mln), APP (to 1.26 mln from 1.59 mln), PM (to 2.76 mln from 3.01 mln), MSFT (to 1.85 mln from 1.96 mln), COF (to 3.08 mln from 3.18 mln), META (to 1.67 mln from 1.76 mln)

>>> Starboard Value (Jeffrey Smith) discloses updated portfolio positions in 13F

Starboard Value (Jeffrey Smith) discloses updated portfolio positions in 13F filing: New TRIP IWM positions, Boosted MTCH BDX PFE CRM ROG holdings
Highlights from Q2 2025 filing as compared to Q1 2025 (all amounts are approximate):
  • New positions in: TRIP (8.5 mln shares), IWM (0.34 mln)
  • Increased positions in: IJH (to 5.25 mln shares from 3.56 mln shares), MTCH (to 15.31 mln from 14.09 mln), BDX (to 2.62 mln from 1.75 mln), PFE (to 8.54 mln from 7.73 mln), CRM (to 1.25 mln from 0.85 mln), ROG (to 0.9 mln from 0.8 mln)
  • Maintained positions in: ACTG (61.12 mln shares)
  • Decreased positions in: RIOT (to 4.68 mln shares from 12.7 mln shares; also has puts), GEN (to 13.33 mln from 17.52 mln), AQN (to 63.49 mln from 66.43 mln), GDOT (to 1.73 mln from 4.6 mln), FTRE (to 2.5 mln from 5.27 mln), ALIT (to 45.87 mln from 47.92 mln), KVUE (to 20.93 mln from 22.05 mln), NWS (to 6.86 mln from 7.81 mln), HR (to 19.29 mln from 20.07 mln), ADSK (to 1.47 mln from 2 mln)

>>> Carl Icahn discloses updated portfolio positions in 13F filing: Boosted IEP

Carl Icahn discloses updated portfolio positions in 13F filing: Boosted IEP CTRI CVI positions, Confirms DAN exit
Highlights from Q2 2025 filing as compared to Q1 2025 (all amounts are approximate):
  • Increased positions in: IEP (to 494.78 mln shares from 450.79 mln shares), CTRI (to 6.4 mln from 2.49 mln), CVI (to 70.42 mln from 68.53 mln)
  • Maintained positions in: BHC (34.72 mln shares), JBLU (33.62 mln shares), SWX (7.53 mln shares), UAN (4.16 mln shares), IFF (3.75 mln shares), AEP (1.21 mln shares)
  • Closed positions in: DAN (from 14.29 mln shares), ILMN (from 0.22 mln)

>>> Third Point (Dan Loeb) discloses updated portfolio positions in 13F filing:

Third Point (Dan Loeb) discloses updated portfolio positions in 13F filing: New RKT FLS COOP positions
Highlights from Q2 2025 filing as compared to Q1 2025 (all amounts are approximate):
  • New positions in: RKT (4.75 mln shares), FLS (1.2 mln), COOP (0.93 mln), SABR (0.75 mln), DOCU (0.63 mln), DHR (0.5 mln), WDAY (0.3 mln), GTLS (0.22 mln), FIX (0.19 mln)
  • Increased positions in: PRMB (to 5.78 mln shares from 2.78 mln shares), NVDA (to 2.8 mln from 1.45 mln), CSGP (to 3.09 mln from 1.98 mln), COF (to 1.8 mln from 1.05 mln), SN (to 1.2 mln from 0.55 mln), BN (to 4.68 mln from 4.24 mln), VST (to 1.25 mln from 0.85 mln), AMZN (to 2.71 mln from 2.35 mln), TLN (to 0.79 mln from 0.59 mln)
  • Maintained positions in: PCG (51.1 mln shares), TDS (6.73 mln shares), LPLA (0.63 mln shares)
  • Closed positions in: T (from 3.78 mln shares) EQT (from 2.95 mln) SDRL (from 1.03 mln), PINS (from 1 mln) HES (from 0.63 mln)
  • Decreased positions in: KVUE (to 8.53 mln shares from 8.9 mln shares), TSM (to 1.43 mln from 1.78 mln), RBA (to 0.7 mln from 0.95 mln), APO (to 1.28 mln from 1.5 mln), ICE (to 0.95 mln from 1.1 mln), J (to 1.26 mln from 1.4 mln), CRH (to 2.59 mln from 2.72 mln), LYV (to 1.98 mln from 2.1 mln), CRS (to 0.75 mln from 0.87 mln)

FT : Porsche-Piëch family seek tie-ups on defence investment

Porsche-Piëch family seek tie-ups on defence investment
Holding company in control of Volkswagen and Porsche is diversifying away from auto sector

The billionaire family that controls Volkswagen and Porsche is courting German family offices to team up on investments in the defence sector, as it aims to become less dependent on its struggling automotive division.

Porsche SE, the Porsche-Piëch family’s holding company said on Wednesday that it was seeking “other investors and strong partners” to invest in defence start-ups alongside it, in a bid to tap into soaring European military spending.

It added the group would “build a platform for investments in up-and-coming technology companies” in the sector, and was planning a “defence day” to bring together “German and European family offices” that might be interested.

Its comments come after the Stuttgart-based investment vehicle said earlier this year it had earmarked up to €2bn for defence, and wanted to make a new “core investment” alongside its controlling stakes in the two carmakers.

European military budgets have surged in the wake of Russia’s full-scale invasion of Ukraine in 2022, and US pressure on Nato countries to shoulder more of the burden for their own defence needs.

A Porsche SE spokesperson told the Financial Times there was a “need to rally all parties” in light of the escalating geopolitical situation in Europe.

In a statement, chief executive Hans Dieter Pötsch said the group’s aim was to “increase our involvement in the defence and defence-related sectors while maintaining our core focus on mobility and industrial technology”.

The moves comes as both VW and sports-car maker Porsche AG contend with sinking profits amid Donald Trump’s trade war and waning Chinese demand.

Last year Porsche SE wrote down its stake in Volkswagen by €19.9bn, and took a €3.4bn hit on its stake in Porsche, in one of the largest impairments in German corporate history. Shares in Porsche AG, which listed in Frankfurt in 2022, have fallen 31 per cent over the past 12 months, while Volkswagen stock has risen by 6 per cent.

Porsche SE said a weaker outlook for the two carmakers would weigh on its earnings this year, cutting its forecast for adjusted post-tax profits to a range of between €1.6bn and €3.6bn, from previous guidance of €2.4bn and €4.4bn.

Besides its automotive holdings, Porsche SE has already made investments in companies that specialise in “dual-use” technologies, with both civilian and military applications, including German rocket start-up Isar Aerospace and drone-maker Quantum Systems.

Any investment in the defence sector, not just those by Porsche SE, could produce “an innovation boost in Germany” that would spill over into the civilian sector, the company told the FT.