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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
+9.09%
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
$8.84B
AUM Growth
-$350M
(-3.8%)
Cap. Flow
-$799M
Cap. Flow
% of AUM
-9.04%
Top 10 Holdings %
Top 10 Hldgs %
37.89%
Holding
221
New
68
Increased
33
Reduced
43
Closed
66
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marathon Petroleum
MPC
|
+$412M |
| 2 |
Meta Platforms (Facebook)
META
|
+$247M |
| 3 |
AET
Aetna Inc
AET
|
+$206M |
| 4 |
Chevron
CVX
|
+$205M |
| 5 |
Targa Resources
TRGP
|
+$202M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$378M |
| 2 |
Cheniere Energy
LNG
|
+$338M |
| 3 |
Bank of America
BAC
|
+$311M |
| 4 |
Lam Research
LRCX
|
+$270M |
| 5 |
Citizens Financial Group
CFG
|
+$174M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 19.81% |
| 2 | Technology | 16.64% |
| 3 | Healthcare | 13.86% |
| 4 | Communication Services | 11.61% |
| 5 | Consumer Discretionary | 6.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Targa Resources
TRGP
$57.7B
| $438M | 4.96% |
8,853,306
+4,248,784
| +92% | +$202M |
|
2
Microsoft
MSFT
$2.91T
| $436M | 4.94% |
4,423,766
+872,285
| +25% | +$84.5M |
|
|
AET
3
DELISTED
Aetna Inc
AET
| $402M | 4.55% |
2,193,062
+1,154,818
| +111% | +$206M |
|
|
4
Marathon Petroleum
MPC
$91.9B
| $378M | 4.28% |
+5,394,553
| New | +$412M |
|
5
Adobe
ADBE
$99.3B
| $335M | 3.79% |
1,374,203
+274,189
| +25% | +$64.9M |
|
6
Alphabet (Google) Class A
GOOGL
$4.1T
| $326M | 3.69% |
5,779,940
-1,232,980
| -18% | -$67.1M |
|
7
Alibaba
BABA
$275B
| $277M | 3.14% |
1,495,683
+554,843
| +59% | +$106M |
|
|
8
Meta Platforms (Facebook)
META
$1.5T
| $265M | 3% |
+1,364,184
| New | +$247M |
|
9
Autodesk
ADSK
$50.6B
| $251M | 2.84% |
1,916,171
-378,476
| -16% | -$50.1M |
|
10
Ovintiv
OVV
$16.9B
| $238M | 2.69% |
3,648,236
-247,521
| -6% | -$15.5M |
|
|
11
Chevron
CVX
$385B
| $208M | 2.36% |
+1,648,357
| New | +$205M |
|
12
LyondellBasell Industries
LYB
$19.3B
| $203M | 2.3% |
1,849,262
-787,830
| -30% | -$86.5M |
|
13
Netflix
NFLX
$301B
| $198M | 2.24% |
5,046,850
+4,672,850
| +1,249% | +$159M |
|
14
FirstEnergy
FE
$28.9B
| $196M | 2.22% |
5,464,351
+5,457,181
| +76,111% | +$187M |
|
|
TFCFA
15
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $184M | 2.08% |
3,697,635
-279,611
| -7% | -$11M |
|
16
Pampa Energía
PAM
$4.71B
| $180M | 2.04% |
5,036,313
| – | – |
|
17
Teva Pharmaceuticals
TEVA
$41.1B
| $162M | 1.83% |
+6,654,040
| New | +$136M |
|
|
MDCO
18
DELISTED
Medicines Co
MDCO
| $147M | 1.67% |
4,012,490
+306,343
| +8% | +$9.95M |
|
|
PE
19
DELISTED
PARSLEY ENERGY INC
PE
| $147M | 1.66% |
4,848,132
-718,026
| -13% | -$21.2M |
|
20
PUT
iShares Russell 2000 ETF
IWM
$80.4B
| $142M | 1.61% |
+869,400
| New | +$139M |
|
|
CLVS
21
DELISTED
Clovis Oncology, Inc.
CLVS
| $138M | 1.57% |
3,045,810
+503,687
| +20% | +$24.5M |
|
22
Vertex Pharmaceuticals
VRTX
$124B
| $132M | 1.5% |
779,200
+480,523
| +161% | +$74.5M |
|
23
Cigna
CI
$79.5B
| $129M | 1.46% |
761,474
+306,769
| +67% | +$53.1M |
|
24
Boeing
BA
$170B
| $122M | 1.38% |
363,862
-91,839
| -20% | -$31.6M |
|
|
SHPG
25
DELISTED
Shire pic
SHPG
| $120M | 1.36% |
711,296
+696,296
| +4,642% | +$112M |
|
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PointState Capital's Q2 2018 Portfolio in Review
As of Q2 2018, PointState Capital held 221 positions worth $8.84B, down 3.8% from $9.19B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
PointState Capital withdrew a net $799M in Q2 2018, closing 66 positions and reducing 43 holdings. Its most notable exit was Bank of America, an estimated $311M position sold in full.
By sector, the portfolio is most concentrated in Energy at 20% of assets, up from 12% a quarter earlier, followed by Technology and Healthcare.
Against the trend, PointState Capital opened a new position in Marathon Petroleum worth $378M.
- PointState Capital's largest Q2 2018 buy was Marathon Petroleum: 5,394,553 shares worth $378M.
- PointState Capital added most to Aetna Inc in Q2 2018, an estimated $206M increase.
- PointState Capital's biggest Q2 2018 reduction was Salesforce, cutting an estimated $378M.
- PointState Capital fully exited Bank of America in Q2 2018, selling an estimated $311M.
- PointState Capital's ten largest holdings make up 38% of its $8.84B portfolio in Q2 2018.
- PointState Capital opened 68 new positions and closed 66 in Q2 2018.
- PointState Capital's portfolio value fell 3.8% quarter-over-quarter to $8.84B.
Based on PointState Capital's 13F filing for Q2 2018, filed 14 Aug 2018.