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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
+17.46%
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
$6.56B
AUM Growth
-$341M
Cap. Flow
-$595M
Cap. Flow %
-9.07%
Top 10 Hldgs %
53.38%
Holding
63
New
16
Increased
14
Reduced
20
Closed
10

Top Buys

Rank Stock Value
1
CX icon
Cemex
CX
+$127M
2
EWY icon
iShares MSCI South Korea ETF
EWY
+$112M
3
XYZ
Block Inc
XYZ
+$109M
4
AMZN icon
Amazon
AMZN
+$101M
5
CCC
CCC Intelligent Solutions
CCC
+$90.3M

Top Sells

Rank Stock Value
1
WCC
WESCO International
WCC
+$244M
2
SRE icon
Sempra
SRE
+$155M
3
CPNG icon
Coupang
CPNG
+$144M
4
CEG icon
Constellation Energy
CEG
+$116M
5
GRAB icon
Grab
GRAB
+$106M

Sector Composition

Rank Sector Weight
1 Miscellaneous 31.53%
2 Technology 16.66%
3 Financials 12.86%
4 Healthcare 11.53%
5 Consumer Discretionary 8.97%
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
$825B
$1.24B 18.84%
2,000,000
-950,000
-32% -$543M
TEVA icon
2
Teva Pharmaceuticals
TEVA
$42.5B
$347M 5.29%
20,712,398
+5,580,910
+37% +$90.1M
GLW icon
3
Corning
GLW
$128B
$324M 4.94%
6,157,637
+606,279
+11% +$28.4M
ILMN icon
4
Illumina
ILMN
$32.6B
$281M 4.29%
2,950,361
+433,534
+17% +$35.2M
LITE icon
5
Lumentum
LITE
$80.3B
$241M 3.67%
2,532,821
-891,992
-26% -$63.3M
GLW icon
6
CALL
Corning
GLW
$128B
$221M 3.37%
4,200,000
– –
COF icon
7
Capital One
COF
$132B
$220M 3.36%
1,035,510
-131,245
-11% -$24.5M
SCHW
8
Charles Schwab
SCHW
$191B
$220M 3.35%
2,408,147
-652,389
-21% -$54.6M
FLUT icon
9
Flutter Entertainment
FLUT
$17.7B
$216M 3.3%
756,493
+211,789
+39% +$52M
PCG icon
10
CALL
PG&E
PCG
$36.6B
$195M 2.98%
+14,000,000
New +$228M
AMZN icon
11
Amazon
AMZN
$2.87T
$193M 2.94%
879,395
+510,032
+138% +$101M
PCG icon
12
PG&E
PCG
$36.6B
$191M 2.91%
13,668,440
-86,041
-0.6% -$1.4M
NVT icon
13
nVent Electric
NVT
$24B
$182M 2.78%
2,488,702
-789,067
-24% -$48.5M
ILMN icon
14
CALL
Illumina
ILMN
$32.6B
$156M 2.38%
1,634,500
+1,384,500
+554% +$112M
BAC icon
15
Bank of America
BAC
$436B
$144M 2.2%
3,044,002
+522,886
+21% +$22M
CX icon
16
Cemex
CX
$15.7B
$138M 2.11%
+19,974,901
New +$127M
EWY icon
17
iShares MSCI South Korea ETF
EWY
$28B
$134M 2.04%
+1,868,227
New +$112M
XYZ
18
Block Inc
XYZ
$50.2B
$127M 1.94%
+1,869,376
New +$109M
CPNG icon
19
Coupang
CPNG
$29.7B
$127M 1.93%
4,234,254
-5,611,682
-57% -$144M
CRH icon
20
CRH
CRH
$63.8B
$120M 1.82%
1,302,988
-1,092,077
-46% -$99.6M
GLNG icon
21
Golar LNG
GLNG
$5.13B
$116M 1.76%
2,808,447
+950,372
+51% +$37.5M
ARMK icon
22
Aramark
ARMK
$15.3B
$114M 1.73%
2,715,035
-241,112
-8% -$8.95M
CCC
23
CCC Intelligent Solutions
CCC
$4.41B
$95M 1.45%
+10,093,001
New +$90.3M
GGAL icon
24
Galicia Financial Group
GGAL
$6.78B
$80.6M 1.23%
1,598,899
+94,742
+6% +$5.42M
EXE
25
Expand Energy Corp
EXE
$22.7B
$72.4M 1.1%
+619,191
New +$69.1M
1
2 3

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MNA
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BFG
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PFA
Pure Financial Advisors San Diego, California $7.86B AUM 19.64% 1-Year Est. Return
FFM
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EMPI
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LAM
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UB
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IMCOOI
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PointState Capital's Q2 2025 Portfolio in Review

As of Q2 2025, PointState Capital held 63 positions worth $6.56B, down 4.9% from $6.9B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

PointState Capital withdrew a net $595M in Q2 2025, closing 10 positions and reducing 20 holdings. Its most notable exit was Constellation Energy, an estimated $116M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 32% of assets, down from 35% a quarter earlier, followed by Technology and Financials.

Against the trend, PointState Capital opened a new position in Cemex worth $138M.

  • PointState Capital's largest Q2 2025 buy was Cemex: 19,974,901 shares worth $138M.
  • PointState Capital added most to Amazon in Q2 2025, an estimated $101M increase.
  • PointState Capital's biggest Q2 2025 reduction was WESCO International, cutting an estimated $244M.
  • PointState Capital fully exited Constellation Energy in Q2 2025, selling an estimated $116M.
  • PointState Capital's ten largest holdings make up 53% of its $6.56B portfolio in Q2 2025.
  • PointState Capital opened 16 new positions and closed 10 in Q2 2025.
  • PointState Capital's portfolio value fell 4.9% quarter-over-quarter to $6.56B.

Based on PointState Capital's 13F filing for Q2 2025, filed 14 Aug 2025.