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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
+9.09%
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
$8.84B
AUM Growth
-$350M
(-3.8%)
Cap. Flow
-$799M
Cap. Flow
% of AUM
-9.04%
Top 10 Holdings %
Top 10 Hldgs %
37.89%
Holding
221
New
68
Increased
33
Reduced
43
Closed
66
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marathon Petroleum
MPC
|
+$412M |
| 2 |
Meta Platforms (Facebook)
META
|
+$247M |
| 3 |
AET
Aetna Inc
AET
|
+$206M |
| 4 |
Chevron
CVX
|
+$205M |
| 5 |
Targa Resources
TRGP
|
+$202M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$378M |
| 2 |
Cheniere Energy
LNG
|
+$338M |
| 3 |
Bank of America
BAC
|
+$311M |
| 4 |
Lam Research
LRCX
|
+$270M |
| 5 |
Citizens Financial Group
CFG
|
+$174M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 19.81% |
| 2 | Technology | 16.64% |
| 3 | Healthcare | 13.86% |
| 4 | Communication Services | 11.61% |
| 5 | Consumer Discretionary | 6.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
AC Immune
ACIU
$230M
| $9.3M | 0.11% |
1,000,000
| – | – |
|
102
Abeona Therapeutics
ABEO
$342M
| $9.21M | 0.1% |
+23,024
| New | +$10.1M |
|
103
CALL
SPDR Gold Trust
GLD
$130B
| $8.9M | 0.1% |
75,000
+24,900
| +50% | +$3.08M |
|
104
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $8.51M | 0.1% |
+100,000
| New | +$8.57M |
|
|
ITCI
105
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $8.39M | 0.1% |
475,000
-1,393,600
| -75% | -$28.3M |
|
106
Community Health Systems
CYH
$385M
| $8.38M | 0.09% |
2,525,500
-519,100
| -17% | -$2.19M |
|
|
GRA
107
DELISTED
W.R. Grace & Co.
GRA
| $8.02M | 0.09% |
+109,400
| New | +$7.67M |
|
108
Qualcomm
QCOM
$168B
| $8M | 0.09% |
142,600
+62,600
| +78% | +$3.49M |
|
109
T-Mobile US
TMUS
$194B
| $7.82M | 0.09% |
+130,900
| New | +$7.75M |
|
110
Suncor Energy
SU
$77.4B
| $7.62M | 0.09% |
+187,400
| New | +$7.3M |
|
|
TFCFA
111
CALL
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $7.45M | 0.08% |
150,000
+1,500
| +1% | +$59.3K |
|
|
WIN
112
DELISTED
Windstream Holdings Inc
WIN
| $7.11M | 0.08% |
1,349,989
-2
| -0% | -$14 |
|
|
DCPH
113
DELISTED
Deciphera Pharmaceuticals, Inc. Common Stock
DCPH
| $6.86M | 0.08% |
+174,400
| New | +$5.13M |
|
114
Atlanta Braves Holdings Series B
BATRK
$3.26B
| $6.53M | 0.07% |
252,600
| – | – |
|
115
Neurocrine Biosciences
NBIX
$18.2B
| $6.38M | 0.07% |
+64,900
| New | +$5.81M |
|
116
CALL
PG&E
PCG
$39.2B
| $5.32M | 0.06% |
+125,000
| New | +$5.42M |
|
117
PUT
VanEck Semiconductor ETF
SMH
$61.3B
| $5.13M | 0.06% |
100,000
| – | – |
|
118
CALL
Intel
INTC
$419B
| $4.97M | 0.06% |
+100,000
| New | +$5.31M |
|
119
SBA Communications
SBAC
$18.8B
| $4.87M | 0.06% |
+29,503
| New | +$4.76M |
|
|
LORL
120
DELISTED
Loral Space and Communications, Inc.
LORL
| $4.54M | 0.05% |
120,800
-352,335
| -74% | -$13.8M |
|
121
Humana
HUM
$43.5B
| $4.23M | 0.05% |
14,200
+1,700
| +14% | +$498K |
|
|
TECX
122
Tectonic Therapeutic
TECX
$528M
| $4.14M | 0.05% |
+12,083
| New | +$4.36M |
|
|
123
Salesforce
CRM
$154B
| $3.72M | 0.04% |
27,300
-2,960,744
| -99% | -$378M |
|
|
VMW
124
DELISTED
VMware, Inc
VMW
| $3.63M | 0.04% |
24,700
+10,134
| +70% | +$1.4M |
|
|
125
PG&E
PCG
$39.2B
| $3.37M | 0.04% |
+79,100
| New | +$3.43M |
|
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PointState Capital's Q2 2018 Portfolio in Review
As of Q2 2018, PointState Capital held 221 positions worth $8.84B, down 3.8% from $9.19B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
PointState Capital withdrew a net $799M in Q2 2018, closing 66 positions and reducing 43 holdings. Its most notable exit was Bank of America, an estimated $311M position sold in full.
By sector, the portfolio is most concentrated in Energy at 20% of assets, up from 12% a quarter earlier, followed by Technology and Healthcare.
Against the trend, PointState Capital opened a new position in Marathon Petroleum worth $378M.
- PointState Capital's largest Q2 2018 buy was Marathon Petroleum: 5,394,553 shares worth $378M.
- PointState Capital added most to Aetna Inc in Q2 2018, an estimated $206M increase.
- PointState Capital's biggest Q2 2018 reduction was Salesforce, cutting an estimated $378M.
- PointState Capital fully exited Bank of America in Q2 2018, selling an estimated $311M.
- PointState Capital's ten largest holdings make up 38% of its $8.84B portfolio in Q2 2018.
- PointState Capital opened 68 new positions and closed 66 in Q2 2018.
- PointState Capital's portfolio value fell 3.8% quarter-over-quarter to $8.84B.
Based on PointState Capital's 13F filing for Q2 2018, filed 14 Aug 2018.