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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
-11.66%
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
$6.9B
AUM Growth
+$1.41B
Cap. Flow
+$2.16B
Cap. Flow %
31.25%
Top 10 Hldgs %
54.13%
Holding
66
New
16
Increased
14
Reduced
15
Closed
19

Top Buys

Rank Stock Value
1
GLW icon
Corning
GLW
+$274M
2
LITE icon
Lumentum
LITE
+$264M
3
PCG icon
PG&E
PCG
+$228M
4
NVT icon
nVent Electric
NVT
+$207M
5
SRE icon
Sempra
SRE
+$169M

Top Sells

Rank Stock Value
1
CRH icon
CRH
CRH
+$215M
2
ULTA icon
Ulta Beauty
ULTA
+$160M
3
COHR icon
Coherent
COHR
+$115M
4
EXPE icon
Expedia Group
EXPE
+$104M
5
DASH icon
DoorDash
DASH
+$100M

Sector Composition

Rank Sector Weight
1 Technology 15.01%
2 Financials 13.77%
3 Utilities 9.14%
4 Healthcare 8.37%
5 Industrials 7.93%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CRH icon
51
CALL
CRH
CRH
$67.2B
– –
-500,000
Closed -$46.3M
DASH icon
52
DoorDash
DASH
$84.9B
– –
-596,985
Closed -$100M
FERG icon
53
Ferguson
FERG
$43.6B
– –
-435,794
Closed -$75.6M
GLNG icon
54
CALL
Golar LNG
GLNG
$4.93B
– –
-1,000,000
Closed -$42.3M
HCC icon
55
Warrior Met Coal
HCC
$4.1B
– –
-211,707
Closed -$11.5M
HUBB icon
56
Hubbell
HUBB
$24.6B
– –
-187,263
Closed -$78.4M
LLYVA icon
57
Liberty Live Group Series A
LLYVA
$9.07B
– –
-37,820
Closed -$2.52M
LLYVK icon
58
Liberty Live Group Series C
LLYVK
$9.37B
– –
-81,114
Closed -$5.52M
MRVL icon
59
Marvell Technology
MRVL
$150B
– –
-692,302
Closed -$76.5M
MSFT icon
60
CALL
Microsoft
MSFT
$2.93T
– –
-400,000
Closed -$169M
SLV icon
61
CALL
iShares Silver Trust
SLV
$27.5B
– –
-1,000,000
Closed -$26.3M
TX icon
62
Ternium
TX
$9.45B
– –
-141,403
Closed -$4.11M
UBER icon
63
Uber
UBER
$143B
– –
-493,827
Closed -$29.8M
ULTA icon
64
CALL
Ulta Beauty
ULTA
$21.8B
– –
-460,000
Closed -$200M
ULTA icon
65
Ulta Beauty
ULTA
$21.8B
– –
-368,438
Closed -$160M
1 2
3

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PointState Capital's Q1 2025 Portfolio in Review

As of Q1 2025, PointState Capital held 66 positions worth $6.9B, up 26% from $5.49B the previous quarter. Its ten largest holdings account for 54% of the portfolio.

PointState Capital deployed $2.16B of net new capital in Q1 2025, opening 16 new positions and adding to 14 existing holdings. Its largest new stake was Corning: 5,551,358 shares worth $254M.

By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 12% a quarter earlier, followed by Financials and Utilities.

On the sell side, the largest reduction was CRH, an estimated $215M trimmed.

  • PointState Capital's largest Q1 2025 buy was Corning: 5,551,358 shares worth $254M.
  • PointState Capital added most to Illumina in Q1 2025, an estimated $98M increase.
  • PointState Capital's biggest Q1 2025 reduction was CRH, cutting an estimated $215M.
  • PointState Capital fully exited Ulta Beauty in Q1 2025, selling an estimated $160M.
  • PointState Capital's ten largest holdings make up 54% of its $6.9B portfolio in Q1 2025.
  • PointState Capital opened 16 new positions and closed 19 in Q1 2025.
  • PointState Capital's portfolio value rose 26% quarter-over-quarter to $6.9B.

Based on PointState Capital's 13F filing for Q1 2025, filed 15 May 2025.