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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
-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
(+16%)
Cap. Flow
-$1.04B
Cap. Flow
% of AUM
-13.14%
Top 10 Holdings %
Top 10 Hldgs %
71.24%
Holding
73
New
14
Increased
11
Reduced
17
Closed
28
Avg Time Held Equity + Options
0.8
years
Top 10 Avg Time Held Equity + Options
0.1
years
Top 20 Avg Time Held Equity + Options
0.4
years
Avg Time Held Equity only
0.8
years
Top 10 Avg Time Held Equity only
0.2
years
Top 20 Avg Time Held Equity only
0.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DoorDash
DASH
|
+$237M |
| 2 |
iShares MSCI South Korea ETF
EWY
|
+$215M |
| 3 |
Qnity Electronics Inc
Q
|
+$185M |
| 4 |
PG&E
PCG
|
+$165M |
| 5 |
Entegris
ENTG
|
+$131M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Constellation Energy
CEG
|
+$292M |
| 2 |
Amazon
AMZN
|
+$290M |
| 3 |
Charles Schwab
SCHW
|
+$241M |
| 4 |
Freeport-McMoran
FCX
|
+$236M |
| 5 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
|
51
CALL
Carpenter Technology
CRS
$18.9B
| – | – |
-450,000
| Closed | -$142M | – |
|
52
CALL
Cemex
CX
$14.5B
| – | – |
-9,000,000
| Closed | -$103M | – |
|
53
EQT Corp
EQT
$32.8B
| – | – |
-194,486
| Closed | -$10.4M | – |
|
54
Entergy
ETR
$49.7B
| – | – |
-310,325
| Closed | -$28.7M | – |
|
55
Corning
GLW
$119B
| – | – |
-856,764
| Closed | -$75M | – |
|
56
Hut 8
HUT
$9.38B
| – | – |
-232,938
| Closed | -$10.7M | – |
|
57
CALL
Illumina
ILMN
$40.5B
| – | – |
-646,900
| Closed | -$84.8M | – |
|
58
Samsara
IOT
$24.9B
| – | – |
-1,737,068
| Closed | -$61.6M | – |
|
59
Lattice Semiconductor
LSCC
$15.2B
| – | – |
-270,613
| Closed | -$19.9M | – |
|
60
Ramaco Resources Class A
METC
$531M
| – | – |
-999,187
| Closed | -$18M | – |
|
61
Okta
OKTA
$36.5B
| – | – |
-83,300
| Closed | -$7.2M | – |
|
62
EchoStar
ECHO
$25.3B
| – | – |
-87,273
| Closed | -$9.49M | – |
|
|
63
Charles Schwab
SCHW
$163B
| – | – |
-2,408,147
| Closed | -$241M | – |
|
64
PUT
VanEck Semiconductor ETF
SMH
$68.1B
| – | – |
-1,380,000
| Closed | -$497M | – |
|
65
CALL
Teva Pharmaceutical Industries Limited
TEVA
$47.9B
| – | – |
-3,672,100
| Closed | -$115M | – |
|
66
Tower Semiconductor
TSEM
$23.7B
| – | – |
-480,614
| Closed | -$56.4M | – |
|
67
Union Pacific
UNP
$172B
| – | – |
-45,466
| Closed | -$10.5M | – |
|
68
Vale
VALE
$55.4B
| – | – |
-1,542,021
| Closed | -$20.1M | – |
|
69
Vistra
VST
$51.7B
| – | – |
-342,360
| Closed | -$55.2M | – |
|
70
XP
XP
$15.2B
| – | – |
-571,756
| Closed | -$9.36M | – |
|
71
Talen Energy Corp
TLN
$16.7B
| – | – |
-135,870
| Closed | -$50.9M | – |
|
72
Expand Energy Corp
EXE
$21B
| – | – |
-361,377
| Closed | -$39.9M | – |
|
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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.