PC
PointState Capital Portfolio holdings
AUM
$7.82B
Turnover
60.87%
1-Year Est. Return
43.51%
This Fund
S&P 500
This Quarter
Est. Return
+18.45%
1 Year Est. Return
+43.51%
3 Year Est. Return
+157.95%
5 Year Est. Return
+295.76%
10 Year Est. Return
+2,156.01%
AUM
$7.82B
AUM Growth
-$72.3M
(-0.92%)
Cap. Flow
+$751M
Cap. Flow
% of AUM
9.59%
Top 10 Holdings %
Top 10 Hldgs %
52.26%
Holding
69
New
23
Increased
11
Reduced
9
Closed
19
Avg Time Held Equity + Options
0.6
years
Top 10 Avg Time Held Equity + Options
0.1
years
Top 20 Avg Time Held Equity + Options
0.3
years
Avg Time Held Equity only
0.7
years
Top 10 Avg Time Held Equity only
0.3
years
Top 20 Avg Time Held Equity only
0.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$357M |
| 2 |
RTX Corp
RTX
|
+$274M |
| 3 |
DraftKings
DKNG
|
+$222M |
| 4 |
Flowserve
FLS
|
+$202M |
| 5 |
Meta Platforms (Facebook)
META
|
+$188M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
nVent Electric
NVT
|
+$260M |
| 2 |
iShares MSCI South Korea ETF
EWY
|
+$212M |
| 3 |
Entegris
ENTG
|
+$130M |
| 4 |
Golar LNG
GLNG
|
+$127M |
| 5 |
Rubrik
RBRK
|
+$113M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 27.77% |
| 2 | Industrials | 17.39% |
| 3 | Technology | 15.32% |
| 4 | Consumer Discretionary | 14.07% |
| 5 | Materials | 5.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
CALL
Meta Platforms (Facebook)
META
$1.88T
| $741M | 9.47% |
+1,315,000
| New | +$804M |
2026 Q2
0 quarters
|
|
2
PUT
VanEck Semiconductor ETF
SMH
$68.8B
| $601M | 7.68% |
+916,400
| New | +$500M |
2026 Q2
0 quarters
|
|
3
CALL
PG&E
PCG
$39.5B
| $530M | 6.77% |
+31,500,000
| New | +$530M |
2026 Q2
0 quarters
|
|
|
4
PG&E
PCG
$39.5B
| $341M | 4.36% |
20,273,520
-1,193,695
| -6% | -$20.1M |
2025 Q1
5 quarters
|
|
|
5
Amazon
AMZN
$2.74T
| $339M | 4.34% |
+1,423,550
| New | +$357M |
2026 Q2
0 quarters
|
|
6
DoorDash
DASH
$79.7B
| $338M | 4.32% |
1,829,987
| – | – |
2025 Q4
2 quarters
|
|
7
Grab
GRAB
$11.9B
| $320M | 4.09% |
84,891,692
+42,619,312
| +101% | +$155M |
2024 Q3
7 quarters
|
|
8
Cemex
CX
$13.7B
| $303M | 3.87% |
25,243,519
| – | – |
2025 Q2
4 quarters
|
|
9
Qnity Electronics Inc
Q
$25.4B
| $293M | 3.75% |
1,797,184
+59,240
| +3% | +$8.73M |
2026 Q1
1 quarter
|
|
|
10
RTX Corp
RTX
$251B
| $283M | 3.62% |
+1,491,395
| New | +$274M |
2026 Q2
0 quarters
|
|
11
Block Inc
XYZ
$45.6B
| $235M | 3.01% |
3,094,493
-883,194
| -22% | -$62.1M |
2025 Q4
2 quarters
|
|
|
12
DraftKings
DKNG
$9.38B
| $227M | 2.9% |
+8,986,638
| New | +$222M |
2026 Q2
0 quarters
|
|
|
13
Meta Platforms (Facebook)
META
$1.88T
| $214M | 2.74% |
380,411
+307,741
| +423% | +$188M |
2026 Q1
1 quarter
|
|
|
14
Flowserve
FLS
$8.92B
| $197M | 2.52% |
+2,654,220
| New | +$202M |
2026 Q2
0 quarters
|
|
15
Wabtec
WAB
$48.4B
| $172M | 2.2% |
638,455
+37,799
| +6% | +$9.99M |
2025 Q3
3 quarters
|
|
16
Capital One
COF
$119B
| $171M | 2.19% |
854,060
+171,980
| +25% | +$32.9M |
2024 Q4
6 quarters
|
|
17
Knight Transportation
KNX
$10.3B
| $155M | 1.99% |
+1,994,977
| New | +$138M |
2026 Q2
0 quarters
|
|
18
Illumina
ILMN
$41B
| $152M | 1.94% |
862,210
+713,665
| +480% | +$104M |
2024 Q3
7 quarters
|
|
|
19
Rubrik
RBRK
$23.6B
| $149M | 1.9% |
1,856,244
-1,790,000
| -49% | -$113M |
2025 Q3
3 quarters
|
|
20
Union Pacific
UNP
$170B
| $137M | 1.75% |
+504,063
| New | +$132M |
2026 Q2
0 quarters
|
|
21
Aramark
ARMK
$14.4B
| $135M | 1.73% |
2,373,938
-2,158,355
| -48% | -$107M |
2022 Q3
15 quarters
|
|
22
StubHub Holdings
STUB
$2.13B
| $128M | 1.64% |
9,963,172
-10,163,529
| -50% | -$89.7M |
2025 Q3
3 quarters
|
|
23
Caris Life Sciences
CAI
$8.55B
| $122M | 1.56% |
6,828,835
-531,611
| -7% | -$9.52M |
2025 Q2
4 quarters
|
|
24
CSX Corp
CSX
$89.4B
| $121M | 1.55% |
+2,552,063
| New | +$115M |
2026 Q2
0 quarters
|
|
25
United Airlines
UAL
$32.1B
| $121M | 1.55% |
+889,534
| New | +$92.1M |
2026 Q2
0 quarters
|
|
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PointState Capital's Q2 2026 Portfolio in Review
As of Q2 2026, PointState Capital held 69 positions worth $7.82B, down 0.92% from $7.9B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
PointState Capital deployed $751M of net new capital in Q2 2026, opening 23 new positions and adding to 11 existing holdings. Its largest new stake was Amazon: 1,423,550 shares worth $339M.
By sector, the portfolio is most concentrated in Miscellaneous at 28% of assets, down from 49% a quarter earlier, followed by Industrials and Technology.
On the sell side, the largest reduction was Rubrik, an estimated $113M trimmed.
- PointState Capital's largest Q2 2026 buy was Amazon: 1,423,550 shares worth $339M.
- PointState Capital added most to Meta Platforms (Facebook) in Q2 2026, an estimated $188M increase.
- PointState Capital's biggest Q2 2026 reduction was Rubrik, cutting an estimated $113M.
- PointState Capital fully exited nVent Electric in Q2 2026, selling an estimated $260M.
- PointState Capital's ten largest holdings make up 52% of its $7.82B portfolio in Q2 2026.
- PointState Capital opened 23 new positions and closed 19 in Q2 2026.
- PointState Capital's portfolio value fell 0.92% quarter-over-quarter to $7.82B.
Based on PointState Capital's 13F filing for Q2 2026, filed 14 Aug 2026.