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PointState Capital Portfolio holdings
AUM
$7.9B
1-Year Est. Return
42.31%
This Fund
S&P 500
This Quarter
Est. Return
-7.61%
1 Year Est. Return
+42.31%
3 Year Est. Return
+142.91%
5 Year Est. Return
+261%
10 Year Est. Return
+1,945.58%
AUM
$3.57B
AUM Growth
-$4.98B
(-58%)
Cap. Flow
-$4.48B
Cap. Flow
% of AUM
-125.4%
Top 10 Holdings %
Top 10 Hldgs %
57.13%
Holding
168
New
20
Increased
19
Reduced
42
Closed
79
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TCO
Taubman Centers Inc.
TCO
|
+$65.1M |
| 2 |
Southwest Airlines
LUV
|
+$62.7M |
| 3 |
BXLT
BAXALTA INC COM STK (DE)
BXLT
|
+$51.8M |
| 4 |
MW
THE MENS WAREHOUSE INC
MW
|
+$46.6M |
| 5 |
Vertex Pharmaceuticals
VRTX
|
+$44.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Teva Pharmaceuticals
TEVA
|
+$308M |
| 2 |
AbbVie
ABBV
|
+$294M |
| 3 |
LyondellBasell Industries
LYB
|
+$281M |
| 4 |
McDonald's
MCD
|
+$249M |
| 5 |
TC Energy
TRP
|
+$240M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 21.23% |
| 2 | Healthcare | 16.79% |
| 3 | Energy | 14.37% |
| 4 | Consumer Discretionary | 8.84% |
| 5 | Industrials | 8.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Walmart Inc
WMT
$909B
| $36.8M | 1.03% |
+1,701,600
| New | +$39M |
|
|
AET
27
DELISTED
Aetna Inc
AET
| $35.4M | 0.99% |
323,100
-126,900
| -28% | -$14.7M |
|
28
Pampa Energía
PAM
$4.57B
| $31.4M | 0.88% |
2,058,100
+276,000
| +15% | +$4.39M |
|
29
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$771B
| $27.1M | 0.76% |
141,500
-2,083,200
| -94% | -$423M |
|
|
ZLTQ
30
DELISTED
ZELTIQ Aesthetics, Inc.
ZLTQ
| $27.1M | 0.76% |
844,700
-763,300
| -47% | -$25.3M |
|
31
Wells Fargo
WFC
$254B
| $25.9M | 0.72% |
504,075
-2,539,080
| -83% | -$140M |
|
|
ENDP
32
DELISTED
Endo International plc
ENDP
| $24.2M | 0.68% |
+350,000
| New | +$28M |
|
|
TWC
33
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $23.6M | 0.66% |
131,600
+103,700
| +372% | +$19.4M |
|
34
Neurocrine Biosciences
NBIX
$18.2B
| $23.4M | 0.65% |
587,662
-1,697,638
| -74% | -$82.1M |
|
35
Burlington
BURL
$23.4B
| $21.7M | 0.61% |
425,000
-201,700
| -32% | -$10.8M |
|
36
EOG Resources
EOG
$77.7B
| $21.1M | 0.59% |
290,400
-825,800
| -74% | -$64.2M |
|
|
ARIA
37
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $20.4M | 0.57% |
3,500,000
-100,000
| -3% | -$770K |
|
|
STRP
38
DELISTED
Straight Path Communications Inc.
STRP
| $20.2M | 0.57% |
+500,000
| New | +$14.4M |
|
|
CHK
39
PUT
DELISTED
Chesapeake Energy Corporation
CHK
| $18.3M | 0.51% |
12,500
| – | – |
|
40
Halliburton
HAL
$26.1B
| $16.6M | 0.46% |
469,797
-2,022,595
| -81% | -$79.6M |
|
|
LTRPA
41
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $15.9M | 0.44% |
715,000
| – | – |
|
42
Pacira BioSciences
PCRX
$1.04B
| $14.4M | 0.4% |
350,000
+25,000
| +8% | +$1.53M |
|
|
43
AbbVie
ABBV
$465B
| $13.6M | 0.38% |
250,000
-4,514,800
| -95% | -$294M |
|
|
44
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$771B
| $13.6M | 0.38% |
+70,800
| New | +$14.4M |
|
45
Boyd Gaming
BYD
$6.75B
| $13.4M | 0.38% |
+825,000
| New | +$13.7M |
|
46
Sarepta Therapeutics
SRPT
$1.64B
| $12.8M | 0.36% |
400,000
-175,000
| -30% | -$5.94M |
|
|
DISH
47
DELISTED
DISH Network Corp.
DISH
| $12.3M | 0.34% |
210,300
-121,600
| -37% | -$7.71M |
|
|
RDUS
48
DELISTED
Radius Health, Inc.
RDUS
| $12.1M | 0.34% |
175,000
-425,000
| -71% | -$29.5M |
|
49
YPF
YPF
$19.7B
| $12.1M | 0.34% |
792,163
-1,968,316
| -71% | -$44M |
|
50
Adobe
ADBE
$105B
| $11.3M | 0.32% |
137,700
+125,500
| +1,029% | +$10.2M |
|
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PointState Capital's Q3 2015 Portfolio in Review
As of Q3 2015, PointState Capital held 168 positions worth $3.57B, down 58% from $8.55B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
PointState Capital withdrew a net $4.48B in Q3 2015, closing 79 positions and reducing 42 holdings. Its most notable exit was TC Energy, an estimated $240M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 21% of assets, up from 12% a quarter earlier, followed by Healthcare and Energy.
Against the trend, PointState Capital opened a new position in Taubman Centers Inc. worth $63.4M.
- PointState Capital's largest Q3 2015 buy was Taubman Centers Inc.: 918,000 shares worth $63.4M.
- PointState Capital added most to Southwest Airlines in Q3 2015, an estimated $62.7M increase.
- PointState Capital's biggest Q3 2015 reduction was Teva Pharmaceuticals, cutting an estimated $308M.
- PointState Capital fully exited TC Energy in Q3 2015, selling an estimated $240M.
- PointState Capital's ten largest holdings make up 57% of its $3.57B portfolio in Q3 2015.
- PointState Capital opened 20 new positions and closed 79 in Q3 2015.
- PointState Capital's portfolio value fell 58% quarter-over-quarter to $3.57B.
Based on PointState Capital's 13F filing for Q3 2015, filed 16 Nov 2015.