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PointState Capital Portfolio holdings
AUM
$7.82B
1-Year Est. Return
43.51%
This Fund
S&P 500
This Quarter
Est. Return
+2.91%
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
$9.19B
AUM Growth
-$1.11B
(-11%)
Cap. Flow
-$740M
Cap. Flow
% of AUM
-8.06%
Top 10 Holdings %
Top 10 Hldgs %
34.77%
Holding
221
New
69
Increased
35
Reduced
39
Closed
69
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lam Research
LRCX
|
+$368M |
| 2 |
Microsoft
MSFT
|
+$320M |
| 3 |
Adobe
ADBE
|
+$214M |
| 4 |
Lowe's Companies
LOW
|
+$181M |
| 5 |
Alibaba
BABA
|
+$177M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo
WFC
|
+$459M |
| 2 |
Amazon
AMZN
|
+$368M |
| 3 |
Devon Energy
DVN
|
+$293M |
| 4 |
Nektar Therapeutics
NKTR
|
+$284M |
| 5 |
Comcast
CMCSA
|
+$221M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.18% |
| 2 | Healthcare | 13.95% |
| 3 | Financials | 13.47% |
| 4 | Energy | 12.5% |
| 5 | Industrials | 8.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
PUT
Apple
AAPL
$4.84T
| – | – |
-100,000
| Closed | -$4.23M |
|
152
PUT
Adient
ADNT
$1.42B
| – | – |
-25,000
| Closed | -$1.97M |
|
153
Ally Financial
ALLY
$12.6B
| – | – |
-1,976,200
| Closed | -$57.6M |
|
154
American Tower
AMT
$82.8B
| – | – |
-450,434
| Closed | -$64.3M |
|
155
Axalta
AXTA
$7.12B
| – | – |
-50,000
| Closed | -$1.62M |
|
156
CALL
Bank of America
BAC
$416B
| – | – |
-9,365,100
| Closed | -$276M |
|
157
British American Tobacco
BTI
$122B
| – | – |
-35,000
| Closed | -$2.35M |
|
158
Charter Communications
CHTR
$16.8B
| – | – |
-5,000
| Closed | -$1.68M |
|
|
CLLS
159
Cellectis
CLLS
$162M
| – | – |
-145,300
| Closed | -$4.24M |
|
|
160
Comcast
CMCSA
$86.7B
| – | – |
-5,526,398
| Closed | -$221M |
|
161
CALL
Salesforce
CRM
$210B
| – | – |
-210,000
| Closed | -$21.5M |
|
|
CTRA
162
DELISTED
Coterra Energy
CTRA
| – | – |
-3,813,532
| Closed | -$109M |
|
163
CALL
DuPont de Nemours
DD
$17.3B
| – | – |
-19,744
| Closed | -$3.56M |
|
164
Dollar General
DG
$27.5B
| – | – |
-184,600
| Closed | -$17.2M |
|
165
CALL
Walt Disney
DIS
$184B
| – | – |
-75,000
| Closed | -$8.06M |
|
|
166
Walt Disney
DIS
$184B
| – | – |
-25,000
| Closed | -$2.69M |
|
167
Dollar Tree
DLTR
$21.2B
| – | – |
-88,600
| Closed | -$9.51M |
|
168
DaVita
DVA
$12.2B
| – | – |
-676,444
| Closed | -$48.9M |
|
|
DVAX
169
DELISTED
Dynavax Technologies
DVAX
| – | – |
-344,364
| Closed | -$6.44M |
|
|
170
Devon Energy
DVN
$56.5B
| – | – |
-7,078,784
| Closed | -$293M |
|
|
EA
171
CALL
DELISTED
Electronic Arts
EA
| – | – |
-40,000
| Closed | -$4.2M |
|
|
EA
172
DELISTED
Electronic Arts
EA
| – | – |
-1,917,926
| Closed | -$201M |
|
173
PUT
Equifax
EFX
$19.6B
| – | – |
-381,600
| Closed | -$45M |
|
174
EQT Corp
EQT
$33.2B
| – | – |
-4,454,729
| Closed | -$138M |
|
|
EMBJ
175
Embraer S.A. ADS
EMBJ
$13.2B
| – | – |
-45,000
| Closed | -$1.08M |
|
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PointState Capital's Q1 2018 Portfolio in Review
As of Q1 2018, PointState Capital held 221 positions worth $9.19B, down 11% from $10.3B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
PointState Capital withdrew a net $740M in Q1 2018, closing 69 positions and reducing 39 holdings. Its most notable exit was Wells Fargo, an estimated $459M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 11% a quarter earlier, followed by Healthcare and Financials.
Against the trend, PointState Capital opened a new position in Lam Research worth $378M.
- PointState Capital's largest Q1 2018 buy was Lam Research: 18,600,850 shares worth $378M.
- PointState Capital added most to Microsoft in Q1 2018, an estimated $320M increase.
- PointState Capital's biggest Q1 2018 reduction was Amazon, cutting an estimated $368M.
- PointState Capital fully exited Wells Fargo in Q1 2018, selling an estimated $459M.
- PointState Capital's ten largest holdings make up 35% of its $9.19B portfolio in Q1 2018.
- PointState Capital opened 69 new positions and closed 69 in Q1 2018.
- PointState Capital's portfolio value fell 11% quarter-over-quarter to $9.19B.
Based on PointState Capital's 13F filing for Q1 2018, filed 15 May 2018.