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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
-7.61%
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
$3.57B
AUM Growth
-$4.98B
Cap. Flow
-$4.48B
Cap. Flow %
-125.4%
Top 10 Hldgs %
57.13%
Holding
168
New
20
Increased
19
Reduced
42
Closed
79

Top Buys

Rank Stock Value
1
TCO
Taubman Centers Inc.
TCO
+$65.1M
2
LUV icon
Southwest Airlines
LUV
+$62.7M
3
BXLT
BAXALTA INC COM STK (DE)
BXLT
+$51.8M
4
MW
THE MENS WAREHOUSE INC
MW
+$46.6M
5
VRTX icon
Vertex Pharmaceuticals
VRTX
+$44.3M

Top Sells

Rank Stock Value
1
TEVA icon
Teva Pharmaceuticals
TEVA
+$308M
2
ABBV icon
AbbVie
ABBV
+$294M
3
LYB icon
LyondellBasell Industries
LYB
+$281M
4
MCD icon
McDonald's
MCD
+$249M
5
TRP icon
TC Energy
TRP
+$240M

Sector Composition

Rank Sector Weight
1 Communication Services 21.23%
2 Healthcare 16.79%
3 Energy 14.37%
4 Consumer Discretionary 8.84%
5 Industrials 8.32%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ETFC
151
DELISTED
E*Trade Financial Corporation
ETFC
– –
-594,500
Closed -$17.8M
MNTA
152
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
– –
-24,834
Closed -$566K
GNC
153
DELISTED
GNC Holdings, Inc.
GNC
– –
-600,000
Closed -$26.7M
AKRX
154
DELISTED
Akorn Inc
AKRX
– –
-475,000
Closed -$20.7M
JCP
155
DELISTED
J.C. Penney Company, Inc.
JCP
– –
-550,000
Closed -$4.66M
AVEO
156
DELISTED
AVEO Pharmaceuticals, Inc.
AVEO
– –
-60,000
Closed -$1.04M
ALDR
157
DELISTED
Alder Biopharmaceuticals
ALDR
– –
-150,000
Closed -$7.95M
APC
158
DELISTED
Anadarko Petroleum
APC
– –
-116,500
Closed -$9.09M
TSRO
159
DELISTED
TESARO, Inc.
TSRO
– –
-260,000
Closed -$15.3M
AGU
160
DELISTED
Agrium
AGU
– –
-57,200
Closed -$6.06M
MBLY
161
DELISTED
Mobileye N.V.
MBLY
– –
-31,200
Closed -$1.66M
XCO
162
DELISTED
Exco Resources
XCO
– –
-66,667
Closed -$1.18M
RLYP
163
DELISTED
RELYPSA INC COM
RLYP
– –
-298,335
Closed -$9.87M
CRC
164
DELISTED
California Resources Corporation
CRC
– –
-245,230
Closed -$14.8M
WLL
165
DELISTED
Whiting Petroleum Corporation
WLL
– –
-10,760
Closed -$108M
MDVN
166
DELISTED
MEDIVATION, INC.
MDVN
– –
-100,000
Closed -$5.71M
DRII
167
DELISTED
DIAMOND RESORTS INTL, INC
DRII
– –
-14,900
Closed -$470K
3 4 5 6
7

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PointState Capital's Q3 2015 Portfolio in Review

As of Q3 2015, PointState Capital held 168 positions worth $3.57B, down 58% from $8.55B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

PointState Capital withdrew a net $4.48B in Q3 2015, closing 79 positions and reducing 42 holdings. Its most notable exit was TC Energy, an estimated $240M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 21% of assets, up from 12% a quarter earlier, followed by Healthcare and Energy.

Against the trend, PointState Capital opened a new position in Taubman Centers Inc. worth $63.4M.

  • PointState Capital's largest Q3 2015 buy was Taubman Centers Inc.: 918,000 shares worth $63.4M.
  • PointState Capital added most to Southwest Airlines in Q3 2015, an estimated $62.7M increase.
  • PointState Capital's biggest Q3 2015 reduction was Teva Pharmaceuticals, cutting an estimated $308M.
  • PointState Capital fully exited TC Energy in Q3 2015, selling an estimated $240M.
  • PointState Capital's ten largest holdings make up 57% of its $3.57B portfolio in Q3 2015.
  • PointState Capital opened 20 new positions and closed 79 in Q3 2015.
  • PointState Capital's portfolio value fell 58% quarter-over-quarter to $3.57B.

Based on PointState Capital's 13F filing for Q3 2015, filed 16 Nov 2015.