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
Cap. Flow
+$751M
Cap. Flow %
9.59%
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
AMZN icon
Amazon
AMZN
+$357M
2
RTX icon
RTX Corp
RTX
+$274M
3
DKNG icon
DraftKings
DKNG
+$222M
4
FLS icon
Flowserve
FLS
+$202M
5
META icon
Meta Platforms (Facebook)
META
+$188M

Top Sells

Rank Stock Value
1
NVT icon
nVent Electric
NVT
+$260M
2
EWY icon
iShares MSCI South Korea ETF
EWY
+$212M
3
ENTG icon
Entegris
ENTG
+$130M
4
GLNG icon
Golar LNG
GLNG
+$127M
5
RBRK icon
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
RMBS icon
26
Rambus
RMBS
$9.99B
$101M 1.3%
764,172
+62,865
+9% +$8.18M
2026 Q1
1 quarter
WMB icon
27
Williams Companies
WMB
$89B
$92.1M 1.18%
+1,238,869
New +$91.2M
2026 Q2
0 quarters
FLUT icon
28
Flutter Entertainment
FLUT
$12.9B
$87.3M 1.12%
854,251
-562,321
-40% -$58M
2024 Q2
8 quarters
EWZ icon
29
CALL
iShares MSCI Brazil ETF
EWZ
$11.9B
$82.8M 1.06%
+2,400,000
New +$89.7M
2026 Q2
0 quarters
DKNG icon
30
CALL
DraftKings
DKNG
$9.38B
$75.8M 0.97%
+3,000,000
New +$74M
2026 Q2
0 quarters
CPNG icon
31
Coupang
CPNG
$25.9B
$72.2M 0.92%
4,159,204
+3,421,514
+464% +$61.8M
2023 Q1
13 quarters
BMA icon
32
Banco Macro
BMA
$4.08B
$71M 0.91%
766,444
+55,951
+8% +$4.59M
2024 Q2
8 quarters
NTRA icon
33
Natera
NTRA
$56.9B
$70M 0.9%
258,012
-481,867
-65% -$103M
2024 Q2
8 quarters
GGAL icon
34
Galicia Financial Group
GGAL
$5.71B
$70M 0.89%
1,399,000
+102,247
+8% +$4.81M
2024 Q2
8 quarters
NN icon
35
CALL
NextNav
NN
$1.81B
$67.6M 0.86%
+3,790,000
New +$73.3M
2026 Q2
0 quarters
CLF icon
36
Cleveland-Cliffs
CLF
$7.18B
$61.8M 0.79%
+6,582,026
New +$72.4M
2026 Q2
0 quarters
NUE icon
37
Nucor
NUE
$58.3B
$55.6M 0.71%
+249,432
New +$56.5M
2026 Q2
0 quarters
NN icon
38
NextNav
NN
$1.81B
$55.5M 0.71%
+3,114,953
New +$60.3M
2026 Q2
0 quarters
BBAR icon
39
BBVA Argentina
BBAR
$2.56B
$47.1M 0.6%
2,403,557
+175,104
+8% +$2.95M
2024 Q2
8 quarters
RMBS icon
40
CALL
Rambus
RMBS
$9.99B
$46.5M 0.59%
+350,000
New +$45.5M
2026 Q2
0 quarters
MSFT icon
41
Microsoft
MSFT
$3.96T
$43.8M 0.56%
+117,333
New +$47.5M
2026 Q2
0 quarters
MTCH icon
42
Match Group
MTCH
$9.73B
$41.8M 0.53%
+1,097,337
New +$38.9M
2026 Q2
0 quarters
LTH icon
43
Life Time Group Holdings
LTH
$8.99B
$37.1M 0.47%
907,880
– –
2026 Q1
1 quarter
PAM icon
44
Pampa Energía
PAM
$4.33B
$22.3M 0.28%
271,221
– –
2025 Q4
2 quarters
WAY icon
45
Waystar Holding Corp
WAY
$5.15B
$21.2M 0.27%
1,030,502
-2,737,296
-73% -$57.6M
2025 Q3
3 quarters
STLD icon
46
Steel Dynamics
STLD
$34.8B
$17M 0.22%
+74,216
New +$17.4M
2026 Q2
0 quarters
AZUL icon
47
Azul S.A.
AZUL
$1.27B
$16.7M 0.21%
+1,855,834
New +$16.4M
2026 Q2
0 quarters
LOMA icon
48
Loma Negra
LOMA
$1.16B
$12.9M 0.17%
1,130,732
– –
2025 Q3
3 quarters
VISN icon
49
Vistance Networks Inc
VISN
$1.36B
– –
-293,428
Closed -$5.34M –
COPX icon
50
Global X Copper Miners ETF NEW
COPX
$6.94B
– –
-72,978
Closed -$5.57M –
1
2
3

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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.