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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
+0.09%
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
$3.48B
AUM Growth
-$1.29B
(-27%)
Cap. Flow
-$1.31B
Cap. Flow
% of AUM
-37.62%
Top 10 Holdings %
Top 10 Hldgs %
50.38%
Holding
151
New
41
Increased
20
Reduced
40
Closed
45
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mastercard
MA
|
+$100M |
| 2 |
RTN
Raytheon Company
RTN
|
+$81.1M |
| 3 |
United Airlines
UAL
|
+$57.6M |
| 4 |
Cigna
CI
|
+$48.5M |
| 5 |
Fair Isaac
FICO
|
+$42.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$235M |
| 2 |
Netflix
NFLX
|
+$200M |
| 3 |
Boeing
BA
|
+$196M |
| 4 |
Amazon
AMZN
|
+$180M |
| 5 |
Adobe
ADBE
|
+$165M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.53% |
| 2 | Industrials | 14.42% |
| 3 | Consumer Discretionary | 6.41% |
| 4 | Healthcare | 4.48% |
| 5 | Financials | 4.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Invesco QQQ Trust
QQQ
$445B
| $350M | 10.06% |
1,852,800
+768,800
| +71% | +$146M |
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$783B
| $239M | 6.88% |
806,500
+556,500
| +223% | +$164M |
|
|
FISV
3
Fiserv Inc
FISV
$28.9B
| $178M | 5.11% |
1,716,114
+404,453
| +31% | +$41.3M |
|
|
4
Adobe
ADBE
$99B
| $165M | 4.73% |
595,903
-566,167
| -49% | -$165M |
|
|
5
Mastercard
MA
$497B
| $141M | 4.05% |
519,255
+363,205
| +233% | +$100M |
|
6
Union Pacific
UNP
$175B
| $130M | 3.73% |
800,474
+146,312
| +22% | +$24.6M |
|
|
7
Salesforce
CRM
$149B
| $129M | 3.72% |
872,330
-1,548,250
| -64% | -$235M |
|
8
Alibaba
BABA
$276B
| $117M | 3.35% |
696,668
-353,268
| -34% | -$60.7M |
|
9
NXP Semiconductors
NXPI
$65.4B
| $109M | 3.14% |
1,001,317
-330,983
| -25% | -$33.8M |
|
10
CALL
iShares China Large-Cap ETF
FXI
$4.27B
| $108M | 3.1% |
2,706,700
+2,567,000
| +1,838% | +$104M |
|
|
RTN
11
DELISTED
Raytheon Company
RTN
| $85.9M | 2.47% |
+437,949
| New | +$81.1M |
|
|
12
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$783B
| $85.4M | 2.46% |
287,900
-76,900
| -21% | -$22.7M |
|
13
ServiceNow
NOW
$114B
| $84.2M | 2.42% |
1,658,235
-296,520
| -15% | -$16.1M |
|
14
Humana
HUM
$46.7B
| $81.3M | 2.34% |
317,880
-362,507
| -53% | -$102M |
|
|
15
Netflix
NFLX
$301B
| $63.9M | 1.84% |
2,387,480
-6,406,540
| -73% | -$200M |
|
16
Mercado Libre
MELI
$94.4B
| $61.5M | 1.77% |
111,621
-17,469
| -14% | -$10.6M |
|
|
17
United Airlines
UAL
$40.2B
| $57.7M | 1.66% |
+652,270
| New | +$57.6M |
|
|
I
18
DELISTED
INTELSAT S. A.
I
| $57.5M | 1.65% |
2,520,857
-1,535,525
| -38% | -$32.4M |
|
19
RTX Corp
RTX
$295B
| $47.6M | 1.37% |
553,631
+342,726
| +163% | +$28.5M |
|
20
Marathon Petroleum
MPC
$89.3B
| $46.6M | 1.34% |
766,400
+245,400
| +47% | +$12.9M |
|
|
21
Cigna
CI
$79.6B
| $45.2M | 1.3% |
+297,850
| New | +$48.5M |
|
22
Sherwin-Williams
SHW
$87.4B
| $43.2M | 1.24% |
235,671
+108,171
| +85% | +$18.4M |
|
|
23
CALL
Boeing
BA
$175B
| $42M | 1.21% |
+110,400
| New | +$39.5M |
|
24
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$43.2B
| $40.4M | 1.16% |
+448,700
| New | +$41M |
|
25
L3Harris
LHX
$56.9B
| $39.9M | 1.15% |
191,192
+62,092
| +48% | +$12.7M |
|
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PointState Capital's Q3 2019 Portfolio in Review
As of Q3 2019, PointState Capital held 151 positions worth $3.48B, down 27% from $4.77B the previous quarter. Its ten largest holdings account for 50% of the portfolio.
PointState Capital withdrew a net $1.31B in Q3 2019, closing 45 positions and reducing 40 holdings. Its most notable exit was Capital One, an estimated $84.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 30% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, PointState Capital opened a new position in Raytheon Company worth $85.9M.
- PointState Capital's largest Q3 2019 buy was Raytheon Company: 437,949 shares worth $85.9M.
- PointState Capital added most to Mastercard in Q3 2019, an estimated $100M increase.
- PointState Capital's biggest Q3 2019 reduction was Salesforce, cutting an estimated $235M.
- PointState Capital fully exited Capital One in Q3 2019, selling an estimated $84.4M.
- PointState Capital's ten largest holdings make up 50% of its $3.48B portfolio in Q3 2019.
- PointState Capital opened 41 new positions and closed 45 in Q3 2019.
- PointState Capital's portfolio value fell 27% quarter-over-quarter to $3.48B.
Based on PointState Capital's 13F filing for Q3 2019, filed 14 Nov 2019.