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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
-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
Cap. Flow
-$1.04B
Cap. Flow %
-13.14%
Top 10 Hldgs %
71.24%
Holding
73
New
14
Increased
11
Reduced
17
Closed
28

Top Buys

Rank Stock Value
1
DASH icon
DoorDash
DASH
+$237M
2
EWY icon
iShares MSCI South Korea ETF
EWY
+$215M
3
Q
Qnity Electronics Inc
Q
+$185M
4
PCG icon
PG&E
PCG
+$165M
5
ENTG icon
Entegris
ENTG
+$131M

Top Sells

Rank Stock Value
1
CEG icon
Constellation Energy
CEG
+$292M
2
AMZN icon
Amazon
AMZN
+$290M
3
SCHW
Charles Schwab
SCHW
+$241M
4
FCX icon
Freeport-McMoran
FCX
+$236M
5
CRS icon
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
CRS icon
51
CALL
Carpenter Technology
CRS
$24.3B
– –
-450,000
Closed -$142M
CX icon
52
CALL
Cemex
CX
$15.8B
– –
-9,000,000
Closed -$103M
EQT icon
53
EQT Corp
EQT
$34.3B
– –
-194,486
Closed -$10.4M
ETR icon
54
Entergy
ETR
$49.7B
– –
-310,325
Closed -$28.7M
GLW icon
55
Corning
GLW
$132B
– –
-856,764
Closed -$75M
HUT
56
Hut 8
HUT
$10.7B
– –
-232,938
Closed -$10.7M
ILMN icon
57
CALL
Illumina
ILMN
$34.4B
– –
-646,900
Closed -$84.8M
IOT icon
58
Samsara
IOT
$24.4B
– –
-1,737,068
Closed -$61.6M
LSCC icon
59
Lattice Semiconductor
LSCC
$17.1B
– –
-270,613
Closed -$19.9M
METC icon
60
Ramaco Resources Class A
METC
$882M
– –
-999,187
Closed -$18M
OKTA icon
61
Okta
OKTA
$30.2B
– –
-83,300
Closed -$7.2M
ECHO
62
EchoStar
ECHO
$25.1B
– –
-87,273
Closed -$9.49M
SCHW
63
Charles Schwab
SCHW
$187B
– –
-2,408,147
Closed -$241M
SMH icon
64
PUT
VanEck Semiconductor ETF
SMH
$67.9B
– –
-1,380,000
Closed -$497M
TEVA icon
65
CALL
Teva Pharmaceuticals
TEVA
$43.8B
– –
-3,672,100
Closed -$115M
TSEM icon
66
Tower Semiconductor
TSEM
$24.8B
– –
-480,614
Closed -$56.4M
UNP icon
67
Union Pacific
UNP
$183B
– –
-45,466
Closed -$10.5M
VALE icon
68
Vale
VALE
$65.2B
– –
-1,542,021
Closed -$20.1M
VST icon
69
Vistra
VST
$46.9B
– –
-342,360
Closed -$55.2M
XP icon
70
XP
XP
$8.97B
– –
-571,756
Closed -$9.36M
TLN
71
Talen Energy Corp
TLN
$14.6B
– –
-135,870
Closed -$50.9M
EXE
72
Expand Energy Corp
EXE
$22.7B
– –
-361,377
Closed -$39.9M
1 2
3

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MNA
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BFG
Bleakley Financial Group Fairfield, New Jersey $7.85B AUM 31.48% 1-Year Est. Return
PFA
Pure Financial Advisors San Diego, California $7.86B AUM 19.64% 1-Year Est. Return
FFM
Forum Financial Management Lombard, Illinois $7.79B AUM 20.38% 1-Year Est. Return
EMPI
Elo Mutual Pension Insurance Espoo, Finland $7.77B AUM 35.27% 1-Year Est. Return
LAM
Lyrical Asset Management New York $7.88B AUM 36.5% 1-Year Est. Return
UB
UMB Bank Kansas City, Missouri $7.9B AUM 29.3% 1-Year Est. Return
IMCOOI
Investment Management Corp of Ontario (IMCO) Toronto, Canada $7.9B AUM 35.91% 1-Year Est. Return

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.