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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
-13.52%
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
$2.51B
AUM Growth
-$5.08B
(-67%)
Cap. Flow
-$4.36B
Cap. Flow
% of AUM
-173.29%
Top 10 Holdings %
Top 10 Hldgs %
56.6%
Holding
165
New
27
Increased
18
Reduced
31
Closed
81
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$194M |
| 2 |
T-Mobile US
TMUS
|
+$143M |
| 3 |
Amazon
AMZN
|
+$103M |
| 4 |
I
INTELSAT S. A.
I
|
+$95.6M |
| 5 |
Dollar Tree
DLTR
|
+$87M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LyondellBasell Industries
LYB
|
+$258M |
| 2 |
Targa Resources
TRGP
|
+$240M |
| 3 |
Alibaba
BABA
|
+$235M |
| 4 |
Norfolk Southern
NSC
|
+$218M |
| 5 |
ServiceNow
NOW
|
+$217M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 17.5% |
| 2 | Technology | 15.89% |
| 3 | Energy | 11.27% |
| 4 | Industrials | 10.07% |
| 5 | Consumer Discretionary | 6.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Chevron
CVX
$383B
| – | – |
-231,258
| Closed | -$28.3M |
|
102
DuPont de Nemours
DD
$18.6B
| – | – |
-146,416
| Closed | -$23.8M |
|
|
DVAX
103
DELISTED
Dynavax Technologies
DVAX
| – | – |
-1,316,800
| Closed | -$16.3M |
|
104
Emerson Electric
EMR
$81.8B
| – | – |
-38,500
| Closed | -$2.95M |
|
105
Evolus
EOLS
$392M
| – | – |
-660,000
| Closed | -$12.3M |
|
106
iShares MSCI Brazil ETF
EWZ
$9B
| – | – |
-616,500
| Closed | -$20.8M |
|
107
Diamondback Energy
FANG
$55.9B
| – | – |
-400,521
| Closed | -$54.1M |
|
108
CALL
iShares China Large-Cap ETF
FXI
$4.32B
| – | – |
-125,000
| Closed | -$5.35M |
|
109
CALL
Alphabet (Google) Class A
GOOGL
$4.11T
| – | – |
-126,000
| Closed | -$7.61M |
|
110
Guidewire Software
GWRE
$13.9B
| – | – |
-812,696
| Closed | -$82.1M |
|
111
Honeywell
HON
$76.5B
| – | – |
-16,605
| Closed | -$2.5M |
|
112
Intuit
INTU
$90.9B
| – | – |
-112,670
| Closed | -$25.6M |
|
113
CALL
iShares Russell 2000 ETF
IWM
$79.3B
| – | – |
-141,800
| Closed | -$23.9M |
|
114
JPMorgan Chase
JPM
$929B
| – | – |
-271,371
| Closed | -$30.6M |
|
115
Labcorp
LH
$25.4B
| – | – |
-239,636
| Closed | -$35.8M |
|
116
Lowe's Companies
LOW
$122B
| – | – |
-231,400
| Closed | -$26.6M |
|
|
117
LyondellBasell Industries
LYB
$19.7B
| – | – |
-2,520,233
| Closed | -$258M |
|
118
Merck
MRK
$324B
| – | – |
-125,760
| Closed | -$8.51M |
|
|
119
ServiceNow
NOW
$120B
| – | – |
-5,539,400
| Closed | -$217M |
|
|
120
Norfolk Southern
NSC
$75.6B
| – | – |
-1,208,627
| Closed | -$218M |
|
121
Nutrien
NTR
$33.6B
| – | – |
-105,200
| Closed | -$6.07M |
|
122
Nucor
NUE
$58.2B
| – | – |
-7,658
| Closed | -$486K |
|
123
Pacira BioSciences
PCRX
$1.04B
| – | – |
-255,700
| Closed | -$12.6M |
|
124
PTC
PTC
$15.1B
| – | – |
-633,710
| Closed | -$67.3M |
|
125
PUT
Invesco QQQ Trust
QQQ
$439B
| – | – |
-615,000
| Closed | -$114M |
|
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PointState Capital's Q4 2018 Portfolio in Review
As of Q4 2018, PointState Capital held 165 positions worth $2.51B, down 67% from $7.59B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
PointState Capital withdrew a net $4.36B in Q4 2018, closing 81 positions and reducing 31 holdings. Its most notable exit was LyondellBasell Industries, an estimated $258M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 17% of assets, up from 8% a quarter earlier, followed by Technology and Energy.
Against the trend, PointState Capital opened a new position in Dollar Tree worth $93.1M.
- PointState Capital's largest Q4 2018 buy was Dollar Tree: 1,030,432 shares worth $93.1M.
- PointState Capital added most to iShares MSCI Emerging Markets ETF in Q4 2018, an estimated $194M increase.
- PointState Capital's biggest Q4 2018 reduction was Targa Resources, cutting an estimated $240M.
- PointState Capital fully exited LyondellBasell Industries in Q4 2018, selling an estimated $258M.
- PointState Capital's ten largest holdings make up 57% of its $2.51B portfolio in Q4 2018.
- PointState Capital opened 27 new positions and closed 81 in Q4 2018.
- PointState Capital's portfolio value fell 67% quarter-over-quarter to $2.51B.
Based on PointState Capital's 13F filing for Q4 2018, filed 14 Feb 2019.