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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
+17.46%
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
$6.56B
AUM Growth
-$341M
(-4.9%)
Cap. Flow
-$595M
Cap. Flow
% of AUM
-9.07%
Top 10 Holdings %
Top 10 Hldgs %
53.38%
Holding
63
New
16
Increased
14
Reduced
20
Closed
10
Avg Time Held Equity + Options
0.6
years
Top 10 Avg Time Held Equity + Options
0.6
years
Top 20 Avg Time Held Equity + Options
0.6
years
Avg Time Held Equity only
0.6
years
Top 10 Avg Time Held Equity only
0.3
years
Top 20 Avg Time Held Equity only
0.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cemex
CX
|
+$127M |
| 2 |
iShares MSCI South Korea ETF
EWY
|
+$112M |
| 3 |
Block Inc
XYZ
|
+$109M |
| 4 |
Amazon
AMZN
|
+$101M |
| 5 |
CCC Intelligent Solutions
CCC
|
+$90.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WESCO International
WCC
|
+$244M |
| 2 |
Sempra
SRE
|
+$155M |
| 3 |
Coupang
CPNG
|
+$144M |
| 4 |
Constellation Energy
CEG
|
+$116M |
| 5 |
Grab
GRAB
|
+$106M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 31.53% |
| 2 | Technology | 16.66% |
| 3 | Financials | 12.86% |
| 4 | Healthcare | 11.53% |
| 5 | Consumer Discretionary | 8.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
Talen Energy Corp
TLN
$17B
| $72.2M | 1.1% |
248,269
-128,093
| -34% | -$30.4M |
2025 Q1
1 quarter
|
|
27
Okta
OKTA
$37B
| $72M | 1.1% |
719,824
-22,373
| -3% | -$2.39M |
2025 Q1
1 quarter
|
|
28
Caris Life Sciences
CAI
$8.55B
| $66.8M | 1.02% |
+2,498,357
| New | +$67.3M |
2025 Q2
0 quarters
|
|
|
29
Grab
GRAB
$11.9B
| $62.2M | 0.95% |
12,356,323
-22,792,496
| -65% | -$106M |
2024 Q3
3 quarters
|
|
30
Coherent
COHR
$51.9B
| $61.8M | 0.94% |
693,231
+42,741
| +7% | +$3.08M |
2024 Q1
5 quarters
|
|
31
CALL
Teva Pharmaceutical Industries Limited
TEVA
$47.5B
| $61.5M | 0.94% |
3,672,100
| – | – |
2024 Q2
4 quarters
|
|
32
BBVA Argentina
BBAR
$2.56B
| $60.8M | 0.93% |
3,691,574
+345,035
| +10% | +$6.59M |
2024 Q2
4 quarters
|
|
33
DELISTED
CyberArk
CYBR
| $57.5M | 0.88% |
141,435
+112,488
| +389% | +$41M |
2025 Q1
1 quarter
|
|
34
Expedia Group
EXPE
$33B
| $52.4M | 0.8% |
310,882
-225,416
| -42% | -$36.6M |
2024 Q1
5 quarters
|
|
|
35
WESCO International
WCC
$17.1B
| $51.6M | 0.79% |
278,594
-1,480,017
| -84% | -$244M |
2024 Q2
4 quarters
|
|
36
Rocket Companies
RKT
$29.8B
| $50M | 0.76% |
+3,529,268
| New | +$45.8M |
2025 Q2
0 quarters
|
|
37
Carpenter Technology
CRS
$18.8B
| $39.9M | 0.61% |
+144,289
| New | +$31.5M |
2025 Q2
0 quarters
|
|
38
Grupo Supervielle
SUPV
$614M
| $37.5M | 0.57% |
3,541,799
+1,074,556
| +44% | +$14.6M |
2024 Q2
4 quarters
|
|
39
Datadog
DDOG
$96.7B
| $32.1M | 0.49% |
+239,108
| New | +$26.5M |
2025 Q2
0 quarters
|
|
40
Banco Macro
BMA
$4.08B
| $30.6M | 0.47% |
435,374
+183,983
| +73% | +$15.2M |
2024 Q2
4 quarters
|
|
41
Amrize Ltd
AMRZ
$19.8B
| $28.7M | 0.44% |
+578,633
| New | +$29.2M |
2025 Q2
0 quarters
|
|
42
Roivant Sciences
ROIV
$24.3B
| $27.3M | 0.42% |
2,426,563
-288,560
| -11% | -$3.13M |
2024 Q1
5 quarters
|
|
43
EQT Corp
EQT
$33B
| $26.1M | 0.4% |
+447,869
| New | +$24.2M |
2025 Q2
0 quarters
|
|
44
Freshpet
FRPT
$3.27B
| $24.3M | 0.37% |
+357,092
| New | +$27.9M |
2025 Q2
0 quarters
|
|
45
Natera
NTRA
$56.9B
| $23.7M | 0.36% |
140,442
-615,287
| -81% | -$95.9M |
2024 Q2
4 quarters
|
|
46
NVIDIA
NVDA
$5.34T
| $20.5M | 0.31% |
129,695
-787,721
| -86% | -$99.1M |
2025 Q1
1 quarter
|
|
|
47
PUT
Grab
GRAB
$11.9B
| $15.1M | 0.23% |
+3,000,000
| New | +$14M |
2025 Q2
0 quarters
|
|
48
Vistra
VST
$50.9B
| $12.2M | 0.19% |
62,872
-352,329
| -85% | -$52.1M |
2024 Q3
3 quarters
|
|
49
DHT Holdings
DHT
$4.02B
| $9.57M | 0.15% |
+885,740
| New | +$9.76M |
2025 Q2
0 quarters
|
|
50
Alvotech
ALVO
$1.84B
| $9.57M | 0.15% |
1,049,039
-125,300
| -11% | -$1.18M |
2024 Q2
4 quarters
|
|
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PointState Capital's Q2 2025 Portfolio in Review
As of Q2 2025, PointState Capital held 63 positions worth $6.56B, down 4.9% from $6.9B the previous quarter. Its ten largest holdings account for 53% of the portfolio.
PointState Capital withdrew a net $595M in Q2 2025, closing 10 positions and reducing 20 holdings. Its most notable exit was Constellation Energy, an estimated $116M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 32% of assets, down from 35% a quarter earlier, followed by Technology and Financials.
Against the trend, PointState Capital opened a new position in Cemex worth $138M.
- PointState Capital's largest Q2 2025 buy was Cemex: 19,974,901 shares worth $138M.
- PointState Capital added most to Amazon in Q2 2025, an estimated $101M increase.
- PointState Capital's biggest Q2 2025 reduction was WESCO International, cutting an estimated $244M.
- PointState Capital fully exited Constellation Energy in Q2 2025, selling an estimated $116M.
- PointState Capital's ten largest holdings make up 53% of its $6.56B portfolio in Q2 2025.
- PointState Capital opened 16 new positions and closed 10 in Q2 2025.
- PointState Capital's portfolio value fell 4.9% quarter-over-quarter to $6.56B.
Based on PointState Capital's 13F filing for Q2 2025, filed 14 Aug 2025.