PointState Capital LP
New York, NY
$5.7bn in 41 US stocks at the end of 30 June 2026. The top 10 are 51.2% of the money. It changed about 44.0% of the portfolio this quarter.
Value
$5.7bn
Stocks
41
Top 10 share
51.2%
Turnover
44.0%
What changed this quarter
New
Bought for the first time this quarter.
- Amazon.comAMZN6.0% of the fund
- RTXRTX5.0% of the fund
- DraftKingsDKNG4.0% of the fund
- FlowserveFLS3.5% of the fund
- Knight-Swift Transportation HoldingsKNX2.7% of the fund
- Union PacificUNP2.4% of the fund
- CSXCSX2.1% of the fund
- United Airlines HoldingsUAL2.1% of the fund
- Williams CompaniesWMB1.6% of the fund
- Cleveland-CliffsCLF1.1% of the fund
- NucorNUE1.0% of the fund
- NextnavNN1.0% of the fund
- MicrosoftMSFT0.8% of the fund
- Match GroupMTCH0.7% of the fund
- Steel DynamicsSTLD0.3% of the fund
- Azul S AAZUL0.3% of the fund
Added
Bought more of a stock they already held.
- Grab HoldingsGRAB5.7% of the fund+101%
- Qnity ElectronicsQ5.2% of the fund+3%
- Meta PlatformsMETA3.8% of the fund+423%
- Westinghouse Air Brake TechnologiesWAB3.0% of the fund+6%
- Capital One FinancialCOF3.0% of the fund+25%
- IlluminaILMN2.7% of the fund+480%
- RambusRMBS1.8% of the fund+9%
- CoupangCPNG1.3% of the fund+464%
- Macro BankBMA1.3% of the fund+8%
- Grupo Financiero Galicia S.AGGAL1.2% of the fund+8%
- Banco BBVA ArgentinaBBAR0.8% of the fund+8%
Cut
Sold some of their stake.
- Pg&ePCG6.0% of the fund-6%
- BlockXYZ4.2% of the fund-22%
- RubrikRBRK2.6% of the fund-49%
- AramarkARMK2.4% of the fund-48%
- StubHub HoldingsSTUB2.3% of the fund-51%
- Caris Life SciencesCAI2.2% of the fund-7%
- Flutter EntertainmentFLUT1.5% of the fund-40%
- NateraNTRA1.2% of the fund-65%
- Waystar HoldingWAY0.4% of the fund-73%
Sold out
Sold their entire stake.
- nVent ElectricNVT-100%
- IsharesEWY-100%
- EntegrisENTG-100%
- Golar LNGGLNG-100%
- IsharesEWZ-100%
- Wesco InternationalWCC-100%
- Teva Pharmaceutical IndustriesTEVA-100%
- LyondellBasell IndustriesLYB-100%
- Rocket CompaniesRKT-100%
- DOWDOW-100%
- Venture GlobalVG-100%
- Grupo SupervielleSUPV-100%
- ArcelorMittalMT-100%
- Global X FDSCOPX-100%
- Vistance NetworksVISN-100%
- Carpenter TechnologyCRS-100%
- Freeport-McMoRanFCX-100%
Holdings
- Grupo Financiero Galicia S.AGGAL
- Share
- 1.2%
- Value
- $70m
- Shares
- 1,399,000
+8%
- Azul S AAZUL
- Share
- 0.3%
- Value
- $17m
- Shares
- 1,855,834
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Pg&ePCG | 6.0% | $341m | 20,273,520 | -6% |
| Amazon.comAMZN | 6.0% | $339m | 1,423,550 | New |
| DoorDashDASH | 6.0% | $338m | 1,829,987 | Held |
| Grab HoldingsGRAB | 5.7% | $320m | 84,891,692 | +101% |
| Cemex SAB de CVCX | 5.4% | $303m | 25,243,519 | Held |
| Qnity ElectronicsQ | 5.2% | $293m | 1,797,184 | +3% |
| RTXRTX | 5.0% | $283m | 1,491,395 | New |
| BlockXYZ | 4.2% | $235m | 3,094,493 | -22% |
| DraftKingsDKNG | 4.0% | $227m | 8,986,638 | New |
| Meta PlatformsMETA | 3.8% | $214m | 380,411 | +423% |
| FlowserveFLS | 3.5% | $197m | 2,654,220 | New |
| Westinghouse Air Brake TechnologiesWAB | 3.0% | $172m | 638,455 | +6% |
| Capital One FinancialCOF | 3.0% | $171m | 854,060 | +25% |
| Knight-Swift Transportation HoldingsKNX | 2.7% | $155m | 1,994,977 | New |
| IlluminaILMN | 2.7% | $152m | 862,210 | +480% |
| RubrikRBRK | 2.6% | $149m | 1,856,244 | -49% |
| Union PacificUNP | 2.4% | $137m | 504,063 | New |
| AramarkARMK | 2.4% | $135m | 2,373,938 | -48% |
| StubHub HoldingsSTUB | 2.3% | $128m | 9,963,172 | -51% |
| Caris Life SciencesCAI | 2.2% | $122m | 6,828,835 | -7% |
| CSXCSX | 2.1% | $121m | 2,552,063 | New |
| United Airlines HoldingsUAL | 2.1% | $121m | 889,534 | New |
| RambusRMBS | 1.8% | $101m | 764,172 | +9% |
| Williams CompaniesWMB | 1.6% | $92m | 1,238,869 | New |
| Flutter EntertainmentFLUT | 1.5% | $87m | 854,251 | -40% |
| CoupangCPNG | 1.3% | $72m | 4,159,204 | +464% |
| Macro BankBMA | 1.3% | $71m | 766,444 | +8% |
| NateraNTRA | 1.2% | $70m | 258,012 | -65% |
| Grupo Financiero Galicia S.AGGAL | 1.2% | $70m | 1,399,000 | +8% |
| Cleveland-CliffsCLF | 1.1% | $62m | 6,582,026 | New |
| NucorNUE | 1.0% | $56m | 249,432 | New |
| NextnavNN | 1.0% | $56m | 3,114,953 | New |
| Banco BBVA ArgentinaBBAR | 0.8% | $47m | 2,403,557 | +8% |
| MicrosoftMSFT | 0.8% | $44m | 117,333 | New |
| Match GroupMTCH | 0.7% | $42m | 1,097,337 | New |
| Life Time Group HoldingsLTH | 0.7% | $37m | 907,880 | Held |
| Pampa EnergyPAM | 0.4% | $22m | 271,221 | Held |
| Waystar HoldingWAY | 0.4% | $21m | 1,030,502 | -73% |
| Steel DynamicsSTLD | 0.3% | $17m | 74,216 | New |
| Azul S AAZUL | 0.3% | $17m | 1,855,834 | New |
| Loma Negra Compania Industrial Argentina Sociedad AnonimaLOMA | 0.2% | $13m | 1,130,732 | Held |
Options (7)
- Meta PlatformsMETA
- Type
- Call
- Value
- $741m
- Contracts
- 1,315,000
- Vaneck ETF TrustSMH
- Type
- Put
- Value
- $601m
- Contracts
- 916,400
- Pg&ePCG
- Type
- Call
- Value
- $530m
- Contracts
- 31,500,000
- IsharesEWZ
- Type
- Call
- Value
- $83m
- Contracts
- 2,400,000
- DraftKingsDKNG
- Type
- Call
- Value
- $76m
- Contracts
- 3,000,000
- NextnavNN
- Type
- Call
- Value
- $68m
- Contracts
- 3,790,000
- RambusRMBS
- Type
- Call
- Value
- $46m
- Contracts
- 350,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| Meta PlatformsMETA | Call | $741m | 1,315,000 |
| Vaneck ETF TrustSMH | Put | $601m | 916,400 |
| Pg&ePCG | Call | $530m | 31,500,000 |
| IsharesEWZ | Call | $83m | 2,400,000 |
| DraftKingsDKNG | Call | $76m | 3,000,000 |
| NextnavNN | Call | $68m | 3,790,000 |
| RambusRMBS | Call | $46m | 350,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 22.2% since 30 June 2025.
Where the money is
Retail & consumer22.6%
Industrials22.0%
Technology18.7%
Financial services9.3%
Materials8.0%
Utilities6.4%
Health care6.1%
Media & telecom3.8%
Energy1.6%
Other1.5%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.