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
-0.61%
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
$7.9B
AUM Growth
+$1.11B
(+16%)
Cap. Flow
-$1.04B
Cap. Flow
% of AUM
-13.14%
Top 10 Holdings %
Top 10 Hldgs %
71.24%
Holding
73
New
14
Increased
11
Reduced
17
Closed
28
Avg Time Held Equity + Options
0.8
years
Top 10 Avg Time Held Equity + Options
0.1
years
Top 20 Avg Time Held Equity + Options
0.4
years
Avg Time Held Equity only
0.8
years
Top 10 Avg Time Held Equity only
0.2
years
Top 20 Avg Time Held Equity only
0.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DoorDash
DASH
|
+$237M |
| 2 |
iShares MSCI South Korea ETF
EWY
|
+$215M |
| 3 |
Qnity Electronics Inc
Q
|
+$185M |
| 4 |
PG&E
PCG
|
+$165M |
| 5 |
Entegris
ENTG
|
+$131M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Constellation Energy
CEG
|
+$292M |
| 2 |
Amazon
AMZN
|
+$290M |
| 3 |
Charles Schwab
SCHW
|
+$241M |
| 4 |
Freeport-McMoran
FCX
|
+$236M |
| 5 |
Carpenter Technology
CRS
|
+$218M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 49.39% |
| 2 | Technology | 12.27% |
| 3 | Industrials | 8.91% |
| 4 | Consumer Discretionary | 5.79% |
| 5 | Healthcare | 5.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
Teva Pharmaceutical Industries Limited
TEVA
$47.5B
| $59.5M | 0.75% |
1,973,782
-1,820,204
| -48% | -$58.6M |
2024 Q1
8 quarters
|
|
27
Banco Macro
BMA
$4.08B
| $55M | 0.7% |
710,493
-146,995
| -17% | -$12.5M |
2024 Q2
7 quarters
|
|
28
LyondellBasell Industries
LYB
$19.8B
| $49.7M | 0.63% |
+616,792
| New | +$36.6M |
2026 Q1
0 quarters
|
|
29
Meta Platforms (Facebook)
META
$1.88T
| $41.6M | 0.53% |
+72,670
| New | +$46.6M |
2026 Q1
0 quarters
|
|
30
Rocket Companies
RKT
$29.8B
| $40.2M | 0.51% |
2,820,714
-3,402,861
| -55% | -$61.9M |
2025 Q2
3 quarters
|
|
31
Dow Inc
DOW
$21.1B
| $37.6M | 0.48% |
+902,960
| New | +$28.6M |
2026 Q1
0 quarters
|
|
32
BBVA Argentina
BBAR
$2.56B
| $35.8M | 0.45% |
2,228,453
-439,585
| -16% | -$7.29M |
2024 Q2
7 quarters
|
|
33
Life Time Group Holdings
LTH
$8.99B
| $24.5M | 0.31% |
+907,880
| New | +$25.1M |
2026 Q1
0 quarters
|
|
34
Pampa Energía
PAM
$4.33B
| $24M | 0.3% |
271,221
| – | – |
2025 Q4
1 quarter
|
|
35
Venture Global Inc
VG
$33.2B
| $23.1M | 0.29% |
+1,464,704
| New | +$15.7M |
2026 Q1
0 quarters
|
|
36
Illumina
ILMN
$41B
| $18.3M | 0.23% |
148,545
-383,397
| -72% | -$50.3M |
2024 Q3
6 quarters
|
|
37
Coupang
CPNG
$25.9B
| $13.9M | 0.18% |
737,690
-7,125,475
| -91% | -$140M |
2023 Q1
12 quarters
|
|
38
Loma Negra
LOMA
$1.16B
| $12.5M | 0.16% |
1,130,732
| – | – |
2025 Q3
2 quarters
|
|
39
Grupo Supervielle
SUPV
$614M
| $11.9M | 0.15% |
1,257,064
-261,992
| -17% | -$2.69M |
2024 Q2
7 quarters
|
|
40
ArcelorMittal
MT
$47B
| $6.5M | 0.08% |
+125,127
| New | +$6.94M |
2026 Q1
0 quarters
|
|
41
Global X Copper Miners ETF NEW
COPX
$6.94B
| $5.57M | 0.07% |
72,978
-679,386
| -90% | -$56.3M |
2025 Q4
1 quarter
|
|
42
Vistance Networks Inc
VISN
$1.36B
| $5.34M | 0.07% |
+293,428
| New | +$5.35M |
2026 Q1
0 quarters
|
|
|
43
Carpenter Technology
CRS
$18.8B
| $5.1M | 0.06% |
12,947
-599,264
| -98% | -$218M |
2025 Q2
3 quarters
|
|
|
44
Freeport-McMoran
FCX
$100B
| $547K | 0.01% |
9,307
-3,899,403
| -100% | -$236M |
2025 Q4
1 quarter
|
|
45
Alvotech
ALVO
$1.84B
| – | – |
-1,049,039
| Closed | -$5.38M | – |
|
|
46
Amazon
AMZN
$2.74T
| – | – |
-1,256,355
| Closed | -$290M | – |
|
47
Bank of America
BAC
$359B
| – | – |
-1,418,828
| Closed | -$78M | – |
|
48
CCC Intelligent Solutions
CCC
$4.5B
| – | – |
-18,925,086
| Closed | -$150M | – |
|
|
49
Constellation Energy
CEG
$99B
| – | – |
-827,626
| Closed | -$292M | – |
|
50
CRH
CRH
$52.7B
| – | – |
-352,765
| Closed | -$44M | – |
|
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PointState Capital's Q1 2026 Portfolio in Review
As of Q1 2026, PointState Capital held 73 positions worth $7.9B, up 16% from $6.79B the previous quarter. Its ten largest holdings account for 71% of the portfolio.
PointState Capital withdrew a net $1.04B in Q1 2026, closing 28 positions and reducing 17 holdings. Its most notable exit was Constellation Energy, an estimated $292M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 49% of assets, up from 15% a quarter earlier, followed by Technology and Industrials.
Against the trend, PointState Capital opened a new position in iShares MSCI South Korea ETF worth $212M.
- PointState Capital's largest Q1 2026 buy was iShares MSCI South Korea ETF: 1,720,621 shares worth $212M.
- PointState Capital added most to DoorDash in Q1 2026, an estimated $237M increase.
- PointState Capital's biggest Q1 2026 reduction was Freeport-McMoran, cutting an estimated $236M.
- PointState Capital fully exited Constellation Energy in Q1 2026, selling an estimated $292M.
- PointState Capital's ten largest holdings make up 71% of its $7.9B portfolio in Q1 2026.
- PointState Capital opened 14 new positions and closed 28 in Q1 2026.
- PointState Capital's portfolio value rose 16% quarter-over-quarter to $7.9B.
Based on PointState Capital's 13F filing for Q1 2026, filed 15 May 2026.