We are live on
!
Find out more
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
+7.91%
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
$6.79B
AUM Growth
+$92.8M
(+1.4%)
Cap. Flow
+$33.1M
Cap. Flow
% of AUM
0.49%
Top 10 Holdings %
Top 10 Hldgs %
41.07%
Holding
73
New
16
Increased
23
Reduced
15
Closed
14
Avg Time Held Equity + Options
0.7
years
Top 10 Avg Time Held Equity + Options
0.2
years
Top 20 Avg Time Held Equity + Options
0.5
years
Avg Time Held Equity only
0.7
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 |
Constellation Energy
CEG
|
+$301M |
| 2 |
Flutter Entertainment
FLUT
|
+$180M |
| 3 |
Freeport-McMoran
FCX
|
+$169M |
| 4 |
Grab
GRAB
|
+$145M |
| 5 |
Block Inc
XYZ
|
+$142M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Corning
GLW
|
+$443M |
| 2 |
Teva Pharmaceutical Industries Limited
TEVA
|
+$417M |
| 3 |
Talen Energy Corp
TLN
|
+$154M |
| 4 |
Illumina
ILMN
|
+$149M |
| 5 |
CRH
CRH
|
+$114M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 14.66% |
| 2 | Industrials | 13.45% |
| 3 | Consumer Discretionary | 13.25% |
| 4 | Financials | 12.84% |
| 5 | Technology | 12.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Loma Negra
LOMA
$1.18B
| $14.6M | 0.22% |
1,130,732
+803,289
| +245% | +$8.58M |
2025 Q3
1 quarter
|
|
52
Hut 8
HUT
$9.38B
| $10.7M | 0.16% |
+232,938
| New | +$10.3M |
2025 Q4
0 quarters
|
|
53
Union Pacific
UNP
$172B
| $10.5M | 0.15% |
+45,466
| New | +$10.4M |
2025 Q4
0 quarters
|
|
54
EQT Corp
EQT
$32.8B
| $10.4M | 0.15% |
194,486
-64,828
| -25% | -$3.64M |
2025 Q2
2 quarters
|
|
55
EchoStar
ECHO
$25.3B
| $9.49M | 0.14% |
+87,273
| New | +$7.11M |
2025 Q4
0 quarters
|
|
56
XP
XP
$15.2B
| $9.36M | 0.14% |
+571,756
| New | +$10.1M |
2025 Q4
0 quarters
|
|
57
Okta
OKTA
$36.5B
| $7.2M | 0.11% |
83,300
-898,550
| -92% | -$78.4M |
2025 Q1
3 quarters
|
|
58
Alvotech
ALVO
$1.89B
| $5.38M | 0.08% |
1,049,039
| – | – |
2024 Q2
6 quarters
|
|
59
Applovin
APP
$93.5B
| – | – |
-72,266
| Closed | -$51.9M | – |
|
60
Coherent
COHR
$49.4B
| – | – |
-209,458
| Closed | -$22.6M | – |
|
61
CALL
iShares MSCI Emerging Markets ETF
EEM
$29.6B
| – | – |
-3,500,000
| Closed | -$187M | – |
|
62
Expedia Group
EXPE
$35B
| – | – |
-427,789
| Closed | -$91.4M | – |
|
|
63
CALL
Corning
GLW
$119B
| – | – |
-4,200,000
| Closed | -$345M | – |
|
64
Microsoft
MSFT
$4.01T
| – | – |
-107,665
| Closed | -$55.8M | – |
|
65
NRG Energy
NRG
$21.6B
| – | – |
-66,812
| Closed | -$10.8M | – |
|
66
CALL
PG&E
PCG
$38.9B
| – | – |
-15,000,000
| Closed | -$226M | – |
|
67
Pinterest
PINS
$12.9B
| – | – |
-693,103
| Closed | -$22.3M | – |
|
68
Roblox
RBLX
$36.5B
| – | – |
-244,877
| Closed | -$33.9M | – |
|
69
Repligen
RGEN
$11.7B
| – | – |
-409,503
| Closed | -$54.7M | – |
|
70
Roivant Sciences
ROIV
$24.6B
| – | – |
-1,791,440
| Closed | -$27.1M | – |
|
71
Sempra
SRE
$53.6B
| – | – |
-76,129
| Closed | -$6.85M | – |
|
72
CALL
State Street Financial Select Sector SPDR ETF
XLF
$51.4B
| – | – |
-1,000,000
| Closed | -$53.9M | – |
|
Similar funds
PointState Capital's Q4 2025 Portfolio in Review
As of Q4 2025, PointState Capital held 73 positions worth $6.79B, up 1.4% from $6.7B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
PointState Capital's Q4 2025 filing shows 16 new, 23 increased, 15 reduced and 14 closed positions. Its largest new stake was Constellation Energy: 827,626 shares worth $292M. The largest sale was Corning, an estimated $443M.
By sector, the portfolio is most concentrated in Miscellaneous at 15% of assets, down from 17% a quarter earlier, followed by Industrials and Consumer Discretionary.
- PointState Capital's largest Q4 2025 buy was Constellation Energy: 827,626 shares worth $292M.
- PointState Capital added most to Flutter Entertainment in Q4 2025, an estimated $180M increase.
- PointState Capital's biggest Q4 2025 reduction was Corning, cutting an estimated $443M.
- PointState Capital fully exited Expedia Group in Q4 2025, selling an estimated $91.4M.
- PointState Capital's ten largest holdings make up 41% of its $6.79B portfolio in Q4 2025.
- PointState Capital opened 16 new positions and closed 14 in Q4 2025.
- PointState Capital's portfolio value rose 1.4% quarter-over-quarter to $6.79B.
Based on PointState Capital's 13F filing for Q4 2025, filed 17 Feb 2026.