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PointState Capital Portfolio holdings
AUM
$7.82B
Turnover
60.87%
1-Year Est. Return
43.51%
PointState Capital manages private investment funds and was started in January 2011; Zachary Schreiber is its chairman, chief executive, chief investment officer and principal owner. The funds mix long/short stock picking, global macro, commodities, high-yield and distressed credit, and event-driven and relative value trades. One group of its funds, PointArgentum, invests mainly in Argentine securities. Its investors are mostly charitable foundations, endowments, funds that invest in other funds, family investment entities, trusts and high net worth individuals.
This Fund
S&P 500
This Quarter Est. Return
-4.73%
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
$3.71B
AUM Growth
-$224M
(-5.7%)
Cap. Flow
-$10.2M
Cap. Flow % of AUM
Cap. Flow %
-0.27%
Top 10 Holdings %
Top 10 Hldgs %
65.38%
Holding
136
New
49
Increased
18
Reduced
13
Closed
46
Avg Time Held
Equity + Options
0.5
years
Top 10 Avg Time Held
Equity + Options
0.6
years
Top 20 Avg Time Held
Equity + Options
0.6
years
Avg Time Held Equity only
0.5
years
Top 10 Avg Time Held Equity only
0.6
years
Top 20 Avg Time Held Equity only
0.6
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
LyondellBasell Industries
LYB
|
+$253M |
| 2 |
Charter Communications
CHTR
|
+$237M |
| 3 |
CELG
Celgene Corp
CELG
|
+$163M |
| 4 |
AGN
Allergan plc
AGN
|
+$161M |
| 5 |
AbbVie
ABBV
|
+$111M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cheniere Energy
LNG
|
+$231M |
| 2 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$135M |
| 3 |
Southwest Airlines
LUV
|
+$118M |
| 4 |
Bank of America
BAC
|
+$109M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$77.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 38.78% |
| 2 | Communication Services | 15.51% |
| 3 | Energy | 11.13% |
| 4 | Materials | 10.41% |
| 5 | Miscellaneous | 6.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Teva Pharmaceutical Industries Limited
TEVA
$51.6B
| $443M | 11.93% |
8,272,578
-816,931
| -9% | -$47.9M |
2013 Q4
9 quarters
|
|
|
AGN
2
DELISTED
Allergan plc
AGN
| $430M | 11.59% |
1,604,192
+560,692
| +54% | +$161M |
2015 Q4
1 quarter
|
|
|
3
LyondellBasell Industries
LYB
$20.4B
| $371M | 9.99% |
4,329,757
+3,151,847
| +268% | +$253M |
2015 Q1
4 quarters
|
|
|
4
Charter Communications
CHTR
$15.6B
| $294M | 7.93% |
1,452,989
+1,322,800
| +1,016% | +$237M |
2015 Q1
4 quarters
|
|
|
5
Cheniere Energy
LNG
$63.4B
| $195M | 5.26% |
5,770,277
-7,117,637
| -55% | -$231M |
2013 Q2
11 quarters
|
|
6
Microsoft
MSFT
$3.9T
| $163M | 4.41% |
2,960,200
+1,610,000
| +119% | +$84.4M |
2015 Q3
2 quarters
|
|
|
CELG
7
DELISTED
Celgene Corp
CELG
| $159M | 4.27% |
+1,584,500
| New | +$163M |
2016 Q1
0 quarters
|
|
8
McDonald's
MCD
$196B
| $133M | 3.6% |
1,061,721
-317,079
| -23% | -$37.9M |
2015 Q2
3 quarters
|
|
|
9
AbbVie
ABBV
$526B
| $129M | 3.46% |
2,250,000
+2,000,000
| +800% | +$111M |
2014 Q3
6 quarters
|
|
10
Comcast
CMCSA
$89.4B
| $110M | 2.95% |
3,586,738
+133,370
| +4% | +$3.83M |
2013 Q3
10 quarters
|
|
|
TSG
11
DELISTED
The Stars Group Inc.
TSG
| $99.3M | 2.68% |
7,405,187
-3,607,364
| -33% | -$46.2M |
2015 Q2
3 quarters
|
|
|
MDVN
12
DELISTED
MEDIVATION, INC.
MDVN
| $95.1M | 2.56% |
+2,067,361
| New | +$75M |
2016 Q1
0 quarters
|
|
13
Pampa Energía
PAM
$3.38B
| $94.9M | 2.56% |
4,426,903
+25,400
| +0.6% | +$531K |
2014 Q3
6 quarters
|
|
14
Northrop Grumman
NOC
$78B
| $72M | 1.94% |
363,670
-317,930
| -47% | -$60.1M |
2014 Q3
6 quarters
|
|
|
CLVS
15
DELISTED
Clovis Oncology, Inc.
CLVS
| $69M | 1.86% |
3,596,180
+92,280
| +3% | +$1.95M |
2015 Q1
4 quarters
|
|
|
16
Alphabet (Google) Class A
GOOGL
$3.63T
| $56.1M | 1.51% |
1,469,500
-2,101,900
| -59% | -$77.4M |
2015 Q4
1 quarter
|
|
17
iShares MSCI Emerging Markets ETF
EEM
$28.3B
| $51.2M | 1.38% |
+1,494,100
| New | +$46.3M |
2016 Q1
0 quarters
|
|
18
Humana
HUM
$53.1B
| $43.7M | 1.18% |
239,000
| – | – |
2015 Q4
1 quarter
|
|
19
Banco Macro
BMA
$3.6B
| $39.6M | 1.07% |
614,900
| – | – |
2015 Q2
3 quarters
|
|
20
Halliburton
HAL
$27.1B
| $37.8M | 1.02% |
+1,057,200
| New | +$34.5M |
2016 Q1
0 quarters
|
|
21
Galicia Financial Group
GGAL
$4.79B
| $35.9M | 0.97% |
1,269,300
| – | – |
2015 Q2
3 quarters
|
|
|
CPN
22
DELISTED
Calpine Corporation
CPN
| $33.9M | 0.91% |
2,231,500
+2,079,600
| +1,369% | +$29.2M |
2015 Q4
1 quarter
|
|
23
DELISTED
Pioneer Natural Resource Co.
PXD
| $31M | 0.84% |
220,500
+133,942
| +155% | +$16.6M |
2013 Q2
11 quarters
|
|
|
ARIA
24
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $30M | 0.81% |
4,700,000
+450,000
| +11% | +$2.52M |
2013 Q3
10 quarters
|
|
25
YPF Sociedad Anonima ADS
YPF
$14.4B
| $28.4M | 0.77% |
1,590,682
+167,419
| +12% | +$2.78M |
2013 Q4
9 quarters
|
|
Similar funds
PointState Capital's Q1 2016 Portfolio in Review
As of Q1 2016, PointState Capital held 136 positions worth $3.71B, down 5.7% from $3.93B the previous quarter. Its ten largest holdings account for 65% of the portfolio.
PointState Capital's Q1 2016 filing shows 49 new, 18 increased, 13 reduced and 46 closed positions. Its largest new stake was Celgene Corp: 1,584,500 shares worth $159M. The largest sale was Cheniere Energy, an estimated $231M.
By sector, the portfolio is most concentrated in Healthcare at 39% of assets, up from 36% a quarter earlier, followed by Communication Services and Energy.
- PointState Capital's largest Q1 2016 buy was Celgene Corp: 1,584,500 shares worth $159M.
- PointState Capital added most to LyondellBasell Industries in Q1 2016, an estimated $253M increase.
- PointState Capital's biggest Q1 2016 reduction was Cheniere Energy, cutting an estimated $231M.
- PointState Capital fully exited Southwest Airlines in Q1 2016, selling an estimated $118M.
- PointState Capital's ten largest holdings make up 65% of its $3.71B portfolio in Q1 2016.
- PointState Capital opened 49 new positions and closed 46 in Q1 2016.
- PointState Capital's portfolio value fell 5.7% quarter-over-quarter to $3.71B.
Based on PointState Capital's 13F filing for Q1 2016, filed 16 May 2016.