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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
-11.66%
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
$6.9B
AUM Growth
+$1.41B
Cap. Flow
+$2.16B
Cap. Flow %
31.25%
Top 10 Hldgs %
54.13%
Holding
66
New
16
Increased
14
Reduced
15
Closed
19

Top Buys

Rank Stock Value
1
GLW icon
Corning
GLW
+$274M
2
LITE icon
Lumentum
LITE
+$264M
3
PCG icon
PG&E
PCG
+$228M
4
NVT icon
nVent Electric
NVT
+$207M
5
SRE icon
Sempra
SRE
+$169M

Top Sells

Rank Stock Value
1
CRH icon
CRH
CRH
+$215M
2
ULTA icon
Ulta Beauty
ULTA
+$160M
3
COHR icon
Coherent
COHR
+$115M
4
EXPE icon
Expedia Group
EXPE
+$104M
5
DASH icon
DoorDash
DASH
+$100M

Sector Composition

Rank Sector Weight
1 Technology 15.01%
2 Financials 13.77%
3 Utilities 9.14%
4 Healthcare 8.37%
5 Industrials 7.93%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$776B
$1.65B 23.92%
2,950,000
+2,280,000
+340% +$1.34B
WCC
2
WESCO International
WCC
$15.6B
$273M 3.96%
1,758,611
+149,363
+9% +$26.7M
GLW icon
3
Corning
GLW
$109B
$254M 3.68%
+5,551,358
New +$274M
SCHW
4
Charles Schwab
SCHW
$184B
$240M 3.47%
3,060,536
-145,523
-5% -$11.4M
PCG icon
5
PG&E
PCG
$39.3B
$236M 3.42%
+13,754,481
New +$228M
TEVA icon
6
Teva Pharmaceuticals
TEVA
$40.1B
$233M 3.37%
15,131,488
+1,605,013
+12% +$28.7M
CPNG icon
7
Coupang
CPNG
$27B
$216M 3.13%
9,845,936
-257,562
-3% -$5.98M
LITE icon
8
Lumentum
LITE
$47.5B
$214M 3.09%
+3,424,813
New +$264M
CRH icon
9
CRH
CRH
$67.6B
$211M 3.05%
2,395,065
-2,184,135
-48% -$215M
COF icon
10
Capital One
COF
$130B
$209M 3.03%
1,166,755
+381,667
+49% +$72.1M
RSP icon
11
PUT
Invesco S&P 500 Equal Weight ETF
RSP
$97.8B
$208M 3.01%
+1,200,000
New +$213M
ILMN icon
12
Illumina
ILMN
$29.1B
$200M 2.89%
2,516,827
+905,432
+56% +$98M
GLW icon
13
CALL
Corning
GLW
$109B
$192M 2.79%
+4,200,000
New +$207M
NVT icon
14
nVent Electric
NVT
$21.5B
$172M 2.49%
+3,277,769
New +$207M
GRAB icon
15
Grab
GRAB
$13.9B
$159M 2.31%
35,148,819
+11,804,514
+51% +$55.1M
SRE icon
16
Sempra
SRE
$59.2B
$154M 2.24%
+2,163,241
New +$169M
FLUT icon
17
Flutter Entertainment
FLUT
$18.9B
$121M 1.75%
544,704
-260,497
-32% -$67.5M
IWM icon
18
PUT
iShares Russell 2000 ETF
IWM
$79.3B
$120M 1.73%
+600,000
New +$130M
CEG icon
19
Constellation Energy
CEG
$92.4B
$116M 1.68%
+576,296
New +$154M
NTRA icon
20
Natera
NTRA
$36.1B
$107M 1.55%
755,729
+186,477
+33% +$30M
BAC icon
21
Bank of America
BAC
$434B
$105M 1.52%
2,521,116
-1,757,237
-41% -$78.3M
ARMK icon
22
Aramark
ARMK
$15.2B
$102M 1.48%
2,956,147
+265,530
+10% +$9.78M
NVDA icon
23
NVIDIA
NVDA
$4.63T
$99.4M 1.44%
+917,416
New +$116M
MSFT icon
24
Microsoft
MSFT
$2.93T
$98M 1.42%
261,139
-90,858
-26% -$37M
KKR icon
25
KKR & Co
KKR
$89.3B
$97M 1.41%
839,051
+116,487
+16% +$16M
1
2 3

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CIP
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IMRF
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SF
Summit Financial Parsippany, New Jersey $7.85B AUM 20.99% 1-Year Est. Return
CMTU
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PGFC
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SI
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EGM
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PA
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PointState Capital's Q1 2025 Portfolio in Review

As of Q1 2025, PointState Capital held 66 positions worth $6.9B, up 26% from $5.49B the previous quarter. Its ten largest holdings account for 54% of the portfolio.

PointState Capital deployed $2.16B of net new capital in Q1 2025, opening 16 new positions and adding to 14 existing holdings. Its largest new stake was Corning: 5,551,358 shares worth $254M.

By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 12% a quarter earlier, followed by Financials and Utilities.

On the sell side, the largest reduction was CRH, an estimated $215M trimmed.

  • PointState Capital's largest Q1 2025 buy was Corning: 5,551,358 shares worth $254M.
  • PointState Capital added most to Illumina in Q1 2025, an estimated $98M increase.
  • PointState Capital's biggest Q1 2025 reduction was CRH, cutting an estimated $215M.
  • PointState Capital fully exited Ulta Beauty in Q1 2025, selling an estimated $160M.
  • PointState Capital's ten largest holdings make up 54% of its $6.9B portfolio in Q1 2025.
  • PointState Capital opened 16 new positions and closed 19 in Q1 2025.
  • PointState Capital's portfolio value rose 26% quarter-over-quarter to $6.9B.

Based on PointState Capital's 13F filing for Q1 2025, filed 15 May 2025.