Activist investor Dan Loeb's firm, Third Point, significantly increased its investment in Capital One (COF) during the second quarter of 2026. According to its latest 13F filing, the fund raised its stake by nearly 490%, from 140,000 shares to 825,000 shares. This pushed the reported value of the holding from approximately $25.5 million to over $165.5 million, making it a more significant position in the firm's portfolio.
This investment data, disclosed in a mid-August regulatory filing, reflects the firm's portfolio as of June 30, 2026, and not necessarily its current holdings. The move is a notable reversal from the first quarter, when Third Point had trimmed its Capital One position. During the second quarter, Capital One reported a strong financial turnaround, posting a $3.0 billion profit, driven by improving credit conditions.