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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
+2.91%
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
$9.19B
AUM Growth
-$1.11B
(-11%)
Cap. Flow
-$1.08B
Cap. Flow
% of AUM
-11.79%
Top 10 Holdings %
Top 10 Hldgs %
34.77%
Holding
221
New
69
Increased
35
Reduced
39
Closed
69
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lam Research
LRCX
|
+$368M |
| 2 |
Microsoft
MSFT
|
+$320M |
| 3 |
Adobe
ADBE
|
+$214M |
| 4 |
Lowe's Companies
LOW
|
+$181M |
| 5 |
Alibaba
BABA
|
+$177M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo
WFC
|
+$459M |
| 2 |
Amazon
AMZN
|
+$368M |
| 3 |
Devon Energy
DVN
|
+$293M |
| 4 |
Nektar Therapeutics
NKTR
|
+$284M |
| 5 |
Comcast
CMCSA
|
+$221M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.13% |
| 2 | Financials | 13.47% |
| 3 | Healthcare | 12.4% |
| 4 | Energy | 12.34% |
| 5 | Industrials | 8.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Merck
MRK
$322B
| $50.3M | 0.55% |
+967,933
| New | +$52.3M |
|
52
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$776B
| $50M | 0.54% |
+190,000
| New | +$51.9M |
|
53
Vertex Pharmaceuticals
VRTX
$125B
| $48.7M | 0.53% |
298,677
-275,613
| -48% | -$45M |
|
|
ALXN
54
DELISTED
Alexion Pharmaceuticals
ALXN
| $48.2M | 0.52% |
+432,400
| New | +$51.7M |
|
|
AABA
55
DELISTED
Altaba Inc
AABA
| $46.5M | 0.51% |
628,281
-1,759,319
| -74% | -$133M |
|
56
iShares MSCI Emerging Markets ETF
EEM
$27.5B
| $43.7M | 0.48% |
+905,600
| New | +$44.4M |
|
57
Nucor
NUE
$58.9B
| $43.1M | 0.47% |
706,230
+275,330
| +64% | +$18.2M |
|
58
Emerson Electric
EMR
$82.4B
| $42.7M | 0.47% |
625,745
+611,445
| +4,276% | +$43.5M |
|
59
Visa
V
$703B
| $42.5M | 0.46% |
355,532
-525,736
| -60% | -$63.7M |
|
60
Biogen
BIIB
$31.7B
| $40.3M | 0.44% |
147,305
-620,912
| -81% | -$193M |
|
|
ITCI
61
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $39.3M | 0.43% |
+1,868,600
| New | +$36.4M |
|
|
EDN
62
Edenor
EDN
$1.11B
| $37.5M | 0.41% |
652,550
| – | – |
|
63
Tractor Supply
TSCO
$16.3B
| $37.1M | 0.4% |
2,940,650
+1,549,150
| +111% | +$21.6M |
|
64
Adecoagro
AGRO
$1.41B
| $36.5M | 0.4% |
4,852,200
-132,800
| -3% | -$1.22M |
|
65
Boyd Gaming
BYD
$6.71B
| $29.6M | 0.32% |
+929,423
| New | +$33.2M |
|
66
Restaurant Brands International
QSR
$26.1B
| $26.4M | 0.29% |
463,533
+64,633
| +16% | +$3.84M |
|
67
Molina Healthcare
MOH
$10.6B
| $25.4M | 0.28% |
+313,011
| New | +$25.2M |
|
68
Mastercard
MA
$498B
| $21.9M | 0.24% |
125,135
+95,835
| +327% | +$16.4M |
|
|
69
Amazon
AMZN
$2.45T
| $21.7M | 0.24% |
300,140
-5,142,120
| -94% | -$368M |
|
70
Puma Biotechnology
PBYI
$399M
| $21.4M | 0.23% |
315,183
+89,951
| +40% | +$6.74M |
|
|
LORL
71
DELISTED
Loral Space and Communications, Inc.
LORL
| $19.7M | 0.21% |
473,135
-53,165
| -10% | -$2.42M |
|
|
KYNB
72
Kyntra Bio
KYNB
$28.2M
| $19.5M | 0.21% |
+16,876
| New | +$22.2M |
|
|
EGN
73
DELISTED
Energen
EGN
| $19.3M | 0.21% |
+307,500
| New | +$17.3M |
|
74
CALL
Boeing
BA
$167B
| $19.2M | 0.21% |
58,500
+33,500
| +134% | +$11.3M |
|
75
NovoCure
NVCR
$1.79B
| $18.5M | 0.2% |
+849,100
| New | +$18.3M |
|
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PointState Capital's Q1 2018 Portfolio in Review
As of Q1 2018, PointState Capital held 221 positions worth $9.19B, down 11% from $10.3B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
PointState Capital withdrew a net $1.08B in Q1 2018, closing 69 positions and reducing 39 holdings. Its most notable exit was Wells Fargo, an estimated $459M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 11% a quarter earlier, followed by Financials and Healthcare.
Against the trend, PointState Capital opened a new position in Lam Research worth $378M.
- PointState Capital's largest Q1 2018 buy was Lam Research: 18,600,850 shares worth $378M.
- PointState Capital added most to Microsoft in Q1 2018, an estimated $320M increase.
- PointState Capital's biggest Q1 2018 reduction was Amazon, cutting an estimated $368M.
- PointState Capital fully exited Wells Fargo in Q1 2018, selling an estimated $459M.
- PointState Capital's ten largest holdings make up 35% of its $9.19B portfolio in Q1 2018.
- PointState Capital opened 69 new positions and closed 69 in Q1 2018.
- PointState Capital's portfolio value fell 11% quarter-over-quarter to $9.19B.
Based on PointState Capital's 13F filing for Q1 2018, filed 15 May 2018.