# Third Point LLC

> Third Point LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2006, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated May 1, 2026.

- CRD: 137927
- Filed as: THIRD POINT LLC
- Also doing business as: THIRD POINT VENTURES, TP BIRCH GROVE
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: May 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/137927
- AdvisorCensus page: https://advisorcensus.com/firm/third-point-llc-new-york-ny-137927

## Quick answers

**How is Third Point LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Third Point LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**What does Third Point LLC's brochure say about its fees?**
Its Form ADV Part 2A brochure dated April 1, 2026 states: Asset-based fee: 0.75% to 2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Third Point LLC located?**
Third Point LLC's principal office is in New York, NY, according to its Form ADV; the June 2026 filing also lists 6 other offices (Schedule D, Section 1.F).

**Is Third Point LLC registered with the SEC or a state?**
Third Point LLC is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 137927.

**How much does Third Point LLC manage?**
Third Point LLC reports $28,732,008,681 in regulatory assets under management in its Form ADV filing dated May 1, 2026 (98% discretionary).

**How have Third Point LLC's assets and staff changed since 2021?**
In the Form ADV data for Third Point LLC: Regulatory assets under management: $25,993,994,509 in the October 2021 data and $28,732,008,681 in the October 2026 data, up 11%. Total employees: 89 in October 2021 and 143 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Third Point LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (50); other (8); other investment advisers (7).

**Which custodians does Third Point LLC use?**
Third Point LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists The Bank of New York Mellon as a custodian holding 10% or more of its separately managed account assets.

**Does Third Point LLC report any disciplinary disclosures?**
Reports 4 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation), 11.H(1)(a) (court injunction in the past ten years), 11.H(1)(b) (court finding of a violation), and 11.H(2) (pending civil proceeding). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/137927

**What changed in Third Point LLC's recent Form ADV filings?**
In the May 2026 filing data: No longer lists the business name Third Point Ventures LLC. Added the business name Third Point Ventures. Employees performing advisory functions went from 65 to 68. Regulatory assets under management went from $21,775,035,456 to $28,732,008,681 (+32%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated April 1, 2026)

- Asset-based fee: 0.75% to 2% a year (a range, as the brochure states it)

> For the Hedge Funds, we typically receive an annual management fee of between 0.75% and 2.0% on assets under management depending on the Hedge Fund and share class or tranche.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- The Bank of New York Mellon

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $28,732,008,681
- Discretionary: $28,225,207,914
- Non-discretionary: $506,800,767

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 50 | $23,973,865,070 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $6,638,633 |
| Other investment advisers | 7 | $642,471,472 |
| Insurance companies | Fewer than 5 | $2,105,840,678 |
| Other | 8 | $2,003,192,828 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other

### Firm details
- Registered since: 2006 (20 years)
- Employees: 143 total, 68 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports 4 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.H(1)(a): In the past ten years, has a domestic or foreign court issued an injunction against the firm or an advisory affiliate in connection with investment-related activity?
- 11.H(1)(b): Has a domestic or foreign court ever found that the firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations?
- 11.H(2): Is the firm or an advisory affiliate now the subject of a civil proceeding that could result in a yes answer to any part of 11.H(1)?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/137927

### Other offices (Schedule D, Section 1.F), as of the June 2026 filing
- Chicago, IL
- Hobe Sound, FL
- London
- Menlo Park, CA
- Sea Cliff, NY
- Tel Aviv

### Websites listed on Form ADV (Item 1.I)
- malibulifeinsurance.com
- thirdpoint.com
- thirdpointprivatecapital.com
- thirdpointres.com
- thirdpointventures.com
- tpbirchgrove.com
- LinkedIn @third-point-llc
- LinkedIn @third-point-real-estates-strategies
- LinkedIn @tp-birch-grove
- X @thirdpointllc
- YouTube @UCm2xS3WlIGYdD-jJ-aI_kqA

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $25,993,994,509 | 89 | March 31, 2021 |
| October 2022 | $27,574,264,943 | 98 | March 31, 2022 |
| October 2023 | $17,964,888,804 | 110 | March 31, 2023 |
| October 2024 | $15,034,356,608 | 94 | March 30, 2024 |
| October 2025 | $21,775,035,456 | 139 | June 16, 2025 |
| October 2026 | $28,732,008,681 | 143 | May 1, 2026 |

Regulatory assets under management: $25,993,994,509 in the October 2021 data and $28,732,008,681 in the October 2026 data, up 11%.
Total employees: 89 in October 2021 and 143 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- No longer lists the business name Third Point Ventures LLC.
- Added the business name Third Point Ventures.
- Employees performing advisory functions went from 65 to 68.
- Regulatory assets under management went from $21,775,035,456 to $28,732,008,681 (+32%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Third Point LLC (CRD 137927): Form ADV filing data as of October 2026.