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PointState Capital Portfolio holdings

AUM $7.82B
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
Cap. Flow
-$595M
Cap. Flow %
-9.07%
Top 10 Hldgs %
53.38%
Holding
63
New
16
Increased
14
Reduced
20
Closed
10

Top Buys

Rank Stock Value
1
CX icon
Cemex
CX
+$127M
2
EWY icon
iShares MSCI South Korea ETF
EWY
+$112M
3
XYZ
Block Inc
XYZ
+$109M
4
AMZN icon
Amazon
AMZN
+$101M
5
CCC
CCC Intelligent Solutions
CCC
+$90.3M

Top Sells

Rank Stock Value
1
WCC
WESCO International
WCC
+$244M
2
SRE icon
Sempra
SRE
+$155M
3
CPNG icon
Coupang
CPNG
+$144M
4
CEG icon
Constellation Energy
CEG
+$116M
5
GRAB icon
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
RBLX icon
51
Roblox
RBLX
$27.5B
$7.3M 0.11%
+69,356
New +$5.45M
SRE icon
52
Sempra
SRE
$55.1B
$5.77M 0.09%
76,129
-2,087,112
-96% -$155M
APO icon
53
Apollo Global Management
APO
$79.7B
– –
-614,953
Closed -$84.2M
CEG icon
54
Constellation Energy
CEG
$98.1B
– –
-576,296
Closed -$116M
EXPE icon
55
CALL
Expedia Group
EXPE
$39.5B
– –
-250,000
Closed -$42M
IWM icon
56
PUT
iShares Russell 2000 ETF
IWM
$80.8B
– –
-600,000
Closed -$120M
KKR icon
57
KKR & Co
KKR
$97.6B
– –
-839,051
Closed -$97M
MSFT icon
58
Microsoft
MSFT
$3.81T
– –
-261,139
Closed -$98M
NVT icon
59
CALL
nVent Electric
NVT
$24B
– –
-750,000
Closed -$39.3M
RSP icon
60
PUT
Invesco S&P 500 Equal Weight ETF
RSP
$99.5B
– –
-1,200,000
Closed -$208M
WFC icon
61
Wells Fargo
WFC
$262B
– –
-294,085
Closed -$21.1M
RBRK icon
62
Rubrik
RBRK
$19.2B
– –
-1,330,301
Closed -$81.1M
1 2
3

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PFA
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FFM
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EMPI
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LAM
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UB
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IMCOOI
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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.