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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
+7.2%
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
$4.77B
AUM Growth
-$295M
(-5.8%)
Cap. Flow
-$533M
Cap. Flow
% of AUM
-11.17%
Top 10 Holdings %
Top 10 Hldgs %
48.38%
Holding
171
New
48
Increased
27
Reduced
28
Closed
62
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$179M |
| 2 |
Humana
HUM
|
+$173M |
| 3 |
NXP Semiconductors
NXPI
|
+$129M |
| 4 |
Amazon
AMZN
|
+$126M |
| 5 |
PG&E
PCG
|
+$96.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$334M |
| 2 |
Lowe's Companies
LOW
|
+$155M |
| 3 |
CELG
Celgene Corp
CELG
|
+$147M |
| 4 |
Dollar Tree
DLTR
|
+$119M |
| 5 |
Bristol-Myers Squibb
BMY
|
+$107M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.75% |
| 2 | Industrials | 15.11% |
| 3 | Consumer Discretionary | 10.41% |
| 4 | Communication Services | 8.32% |
| 5 | Healthcare | 7.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
CALL
Elevance Health
ELV
$81.5B
| – | – |
-21,800
| Closed | -$6.26M |
|
127
Freeport-McMoran
FCX
$86.2B
| – | – |
-116,700
| Closed | -$1.5M |
|
128
GoDaddy
GDDY
$13.9B
| – | – |
-19,800
| Closed | -$1.49M |
|
129
VanEck Gold Miners ETF
GDX
$22.5B
| – | – |
-50,000
| Closed | -$1.12M |
|
130
Incyte
INCY
$25.4B
| – | – |
-6,400
| Closed | -$550K |
|
131
iShares US Home Construction ETF
ITB
$2.32B
| – | – |
-214,700
| Closed | -$7.57M |
|
132
PUT
iShares Russell 2000 ETF
IWM
$79.1B
| – | – |
-25,000
| Closed | -$3.83M |
|
133
Lennar Class A
LEN
$20.4B
| – | – |
-58,969
| Closed | -$2.8M |
|
134
Linde
LIN
$236B
| – | – |
-87,800
| Closed | -$15.4M |
|
135
Eli Lilly
LLY
$1.08T
| – | – |
-31,600
| Closed | -$4.1M |
|
|
136
Lowe's Companies
LOW
$121B
| – | – |
-1,416,200
| Closed | -$155M |
|
137
Masco
MAS
$14.6B
| – | – |
-129,100
| Closed | -$5.08M |
|
138
Microchip Technology
MCHP
$38.8B
| – | – |
-72,800
| Closed | -$3.23M |
|
139
CALL
Merck
MRK
$322B
| – | – |
-209,600
| Closed | -$16.6M |
|
|
140
Merck
MRK
$322B
| – | – |
-1,076,401
| Closed | -$85.4M |
|
|
141
Microsoft
MSFT
$2.9T
| – | – |
-2,831,354
| Closed | -$334M |
|
142
ArcelorMittal
MT
$49.5B
| – | – |
-1,413,600
| Closed | -$28.8M |
|
143
Neurocrine Biosciences
NBIX
$18.2B
| – | – |
-6,600
| Closed | -$581K |
|
144
CALL
Norfolk Southern
NSC
$75.4B
| – | – |
-24,500
| Closed | -$4.58M |
|
145
Novartis
NVS
$302B
| – | – |
-41,069
| Closed | -$3.54M |
|
146
Roku
ROKU
$21.6B
| – | – |
-179,400
| Closed | -$11.6M |
|
147
State Street SPDR S&P 500 ETF Trust
SPY
$771B
| – | – |
-100
| Closed | -$28.8K |
|
148
Stanley Black & Decker
SWK
$14.5B
| – | – |
-498,800
| Closed | -$67.9M |
|
149
Transportadora de Gas del Sur
TGS
$4.48B
| – | – |
-264,998
| Closed | -$3.36M |
|
150
Tapestry
TPR
$30.3B
| – | – |
-153,400
| Closed | -$4.98M |
|
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PointState Capital's Q2 2019 Portfolio in Review
As of Q2 2019, PointState Capital held 171 positions worth $4.77B, down 5.8% from $5.07B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
PointState Capital withdrew a net $533M in Q2 2019, closing 62 positions and reducing 28 holdings. Its most notable exit was Microsoft, an estimated $334M position sold in full.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, PointState Capital opened a new position in Humana worth $181M.
- PointState Capital's largest Q2 2019 buy was Humana: 680,387 shares worth $181M.
- PointState Capital added most to Salesforce in Q2 2019, an estimated $179M increase.
- PointState Capital's biggest Q2 2019 reduction was Dollar Tree, cutting an estimated $119M.
- PointState Capital fully exited Microsoft in Q2 2019, selling an estimated $334M.
- PointState Capital's ten largest holdings make up 48% of its $4.77B portfolio in Q2 2019.
- PointState Capital opened 48 new positions and closed 62 in Q2 2019.
- PointState Capital's portfolio value fell 5.8% quarter-over-quarter to $4.77B.
Based on PointState Capital's 13F filing for Q2 2019, filed 14 Aug 2019.