PointState Capital LP

CIK

1509842

Location

New York, NY

Portfolio Value

Mid $7,313,119,709

Diversification

Moderately concentrated

Filing Date

Global Rank

#508 / 8,586 ▲ 81

Top Industry

Software - Infrastructure 10.5%

3Y Alpha vs SPY

+14.0%

Period ended 3 months ago

Filed May 15, 2026 · 32d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+147.4%

SPY

+78.1%

Annualised alpha

+14.0%

Max drawdown

−26.9%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

40 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

45.4%

+40.0 pts

Top 5

61.8%

+36.7 pts

Top 10

74.9%

+30.5 pts

HHI

2,196

Moderately concentrated+1,877

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	45.4%	$3,316,734,000	1
Technology	13.3%	$969,224,058	7
Industrials	9.6%	$703,507,724	6
Consumer Cyclical	6.3%	$457,577,937	4
Healthcare	6.1%	$448,174,753	5
Basic Materials	5.4%	$395,673,887	6
Utilities	5.2%	$377,178,967	1
Financial Services	4.5%	$327,812,271	6
Communication Services	2.3%	$167,167,300	2
Energy	2.1%	$150,068,812	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

10 positions

Ticker	Company	Δ Shares	Shares	Value
GRAB	Grab Holdings Ltd	+9,716,897	42,272,380	$154,716,910
PCG	PG&E Corp	+9,672,218	21,467,215	$377,178,967
XYZ	Block, Inc.	+1,920,463	3,977,687	$239,377,203
RBRK	Rubrik, Inc.	+1,546,244	3,646,244	$178,556,568
DASH	DoorDash, Inc.	+1,284,423	1,829,987	$274,772,548
WAY	Waystar Holding Corp.	+994,557	3,767,798	$90,841,609
CAI	Caris Life Sciences, Inc.	+641,739	7,360,446	$131,604,774
WAB	Westinghouse Air Brake Technologies Corp	+42,297	600,656	$150,109,940
NTRA	Natera, Inc.	+24,384	739,879	$147,968,401
FLUT	Flutter Entertainment plc	+16,837	1,416,572	$144,419,515
No positions match the current search.

Trimmed

Positions the filer reduced

17 positions

Ticker	Company	Δ Shares	Shares	Value
CPNG	Coupang, Inc.	−7,125,475	737,690	$13,927,587
TEVA	Teva Pharmaceutical Industries Ltd	−5,492,304	1,973,782	$59,450,313
STUB	StubHub Holdings, Inc.	−4,696,634	20,126,701	$125,590,613
FCX	Freeport-Mcmoran Inc	−3,899,403	9,307	$547,065
RKT	Rocket Companies, Inc.	−3,402,861	2,820,714	$40,195,174
GLNG	Golar Lng Ltd	−1,585,309	2,346,795	$126,985,077
CRS	Carpenter Technology Corp	−1,049,264	12,947	$5,103,060
CX	Cemex Sab De CV	−1,039,727	25,243,519	$288,785,857
ILMN	Illumina, Inc.	−1,030,297	148,545	$18,309,656
BBAR	Banco BBVA Argentina S.A.	−439,585	2,228,453	$35,788,955
WCC	Wesco International Inc	−317,398	295,107	$80,747,177
GGAL	Grupo Financiero Galicia SA	−296,237	1,296,753	$60,571,332
SUPV	Grupo Supervielle S.A.	−261,992	1,257,064	$11,854,113
ARMK	Aramark	−205,353	4,532,293	$183,739,158
NVT	nVent Electric plc	−182,330	2,196,528	$259,805,331
BMA	Macro Bank Inc.	−146,995	710,493	$54,970,843
COF	Capital One Financial Corp	−75,986	682,080	$124,431,854
No positions match the current search.

New Positions

Positions the filer opened this quarter

11 positions

Ticker	Company	Shares	Value
SPY	Spdr S&P 500 ETF Trust	5,100,000	$3,316,734,000
Q	Qnity Electronics, Inc.	1,737,944	$200,523,978
ENTG	Entegris Inc	1,112,040	$130,375,569
RMBS	Rambus Inc	701,307	$60,333,441
LYB	LyondellBasell Industries N.V.	616,792	$49,688,763
META	Meta Platforms, Inc.	72,670	$41,576,687
DOW	Dow Inc.	902,960	$37,608,284
LTH	Life Time Group Holdings, Inc.	907,880	$24,458,287
VG	Venture Global, Inc.	1,464,704	$23,083,735
MT	ArcelorMittal	125,127	$6,504,101
VISN	Vistance Networks, Inc.	293,428	$5,340,389
No positions match the current search.

Sold Out

Positions the filer fully exited

23 positions

Ticker	Company	Shares	Value
CEG	Constellation Energy Corp	827,626	$292,375,437
AMZN	Amazon Com Inc	1,256,355	$289,991,861
SCHW	Schwab Charles Corp	2,408,147	$240,597,966
CCC	CCC Intelligent Solutions Holdings Inc.	18,925,086	$150,454,433
BAC	Bank Of America Corp /De/	1,418,828	$78,035,540
GLW	Corning Inc /Ny	856,764	$75,018,255
IOT	Samsara Inc.	1,737,068	$61,579,060
TSEM	Tower Semiconductor Ltd	480,614	$56,433,695
VST	Vistra Corp.	342,360	$55,232,938
TLN	Talen Energy Corp	135,870	$50,929,510
CRH	Crh Public Ltd Co	352,765	$44,025,072
EXE	EXPAND ENERGY Corp	361,377	$39,881,565
ETR	Entergy Corp /De/	310,325	$28,683,339
VALE	Vale S.A.	1,542,021	$20,092,533
LSCC	Lattice Semiconductor Corp	270,613	$19,911,704
METC	Ramaco Resources, Inc.	999,187	$17,985,366
HUT	Hut 8 Corp.	232,938	$10,701,171
UNP	Union Pacific Corp	45,466	$10,517,195
EQT	EQT Corp	194,486	$10,424,449
SATS	EchoStar CORP	87,273	$9,486,575
XP	XP Inc.	571,756	$9,359,645
OKTA	Okta, Inc.	83,300	$7,202,951
ALVO	Alvotech	1,049,039	$5,381,570
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

40 positions · $7,313,119,709 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Energy Financial Services Healthcare Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
FCX	Freeport-Mcmoran Inc Basic Materials	Reduced	9,307	-3,899,403	$547,065	−99.7%	0.01%
CRS	Carpenter Technology Corp Industrials	Reduced	12,947	-1,049,264	$5,103,060	−98.5%	0.07%
VISN	Vistance Networks, Inc. Technology	NEW	293,428	NEW	$5,340,389	NEW	0.07%
MT	ArcelorMittal Basic Materials	NEW	125,127	NEW	$6,504,101	NEW	0.09%
SUPV	Grupo Supervielle S.A. Financial Services	Reduced	1,257,064	-261,992	$11,854,113	−34.0%	0.16%
LOMA	Loma Negra Compania Industrial Argentina Sociedad Anonima Basic Materials	Held	1,130,732	0	$12,539,817	−14.4%	0.17%
CPNG	Coupang, Inc. Consumer Cyclical	Reduced	737,690	-7,125,475	$13,927,587	−92.5%	0.19%
ILMN	Illumina, Inc. Healthcare	Reduced	148,545	-1,030,297	$18,309,656	−88.2%	0.25%
VG	Venture Global, Inc. Energy	NEW	1,464,704	NEW	$23,083,735	NEW	0.32%
PAM	Pampa Energy Inc. Industrials	Held	271,221	0	$24,003,058	−0.0%	0.33%
LTH	Life Time Group Holdings, Inc. Consumer Cyclical	NEW	907,880	NEW	$24,458,287	NEW	0.33%
BBAR	Banco BBVA Argentina S.A. Financial Services	Reduced	2,228,453	-439,585	$35,788,955	−25.8%	0.49%
DOW	Dow Inc. Basic Materials	NEW	902,960	NEW	$37,608,284	NEW	0.51%
RKT	Rocket Companies, Inc. Financial Services	Reduced	2,820,714	-3,402,861	$40,195,174	−66.6%	0.55%
META	Meta Platforms, Inc. Communication Services	NEW	72,670	NEW	$41,576,687	NEW	0.57%
LYB	LyondellBasell Industries N.V. Basic Materials	NEW	616,792	NEW	$49,688,763	NEW	0.68%
BMA	Macro Bank Inc. Financial Services	Reduced	710,493	-146,995	$54,970,843	−28.9%	0.75%
TEVA	Teva Pharmaceutical Industries Ltd Healthcare	Reduced	1,973,782	-5,492,304	$59,450,313	−74.5%	0.81%
RMBS	Rambus Inc Technology	NEW	701,307	NEW	$60,333,441	NEW	0.83%
GGAL	Grupo Financiero Galicia SA Financial Services	Reduced	1,296,753	-296,237	$60,571,332	−29.5%	0.83%
WCC	Wesco International Inc Industrials	Reduced	295,107	-317,398	$80,747,177	−46.1%	1.10%
WAY	Waystar Holding Corp. Healthcare	Added	3,767,798	+994,557	$90,841,609	+0.0%	1.24%
COF	Capital One Financial Corp Financial Services	Reduced	682,080	-75,986	$124,431,854	−32.3%	1.70%
STUB	StubHub Holdings, Inc. Communication Services	Reduced	20,126,701	-4,696,634	$125,590,613	−62.6%	1.72%
GLNG	Golar Lng Ltd Energy	Reduced	2,346,795	-1,585,309	$126,985,077	−13.2%	1.74%
ENTG	Entegris Inc Technology	NEW	1,112,040	NEW	$130,375,569	NEW	1.78%
CAI	Caris Life Sciences, Inc. Healthcare	Added	7,360,446	+641,739	$131,604,774	−27.4%	1.80%
FLUT	Flutter Entertainment plc Consumer Cyclical	Added	1,416,572	+16,837	$144,419,515	−52.0%	1.97%
NTRA	Natera, Inc. Healthcare	Added	739,879	+24,384	$147,968,401	−9.7%	2.02%
WAB	Westinghouse Air Brake Technologies Corp Industrials	Added	600,656	+42,297	$150,109,940	+26.0%	2.05%
GRAB	Grab Holdings Ltd Technology	Added	42,272,380	+9,716,897	$154,716,910	−4.8%	2.12%
RBRK	Rubrik, Inc. Technology	Added	3,646,244	+1,546,244	$178,556,568	+11.2%	2.44%
ARMK	Aramark Industrials	Reduced	4,532,293	-205,353	$183,739,158	+5.2%	2.51%
Q	Qnity Electronics, Inc. Technology	NEW	1,737,944	NEW	$200,523,978	NEW	2.74%
XYZ	Block, Inc. Technology	Added	3,977,687	+1,920,463	$239,377,203	+78.8%	3.27%
NVT	nVent Electric plc Industrials	Reduced	2,196,528	-182,330	$259,805,331	+7.1%	3.55%
DASH	DoorDash, Inc. Consumer Cyclical	Added	1,829,987	+1,284,423	$274,772,548	+122.4%	3.76%
CX	Cemex Sab De CV Basic Materials	Reduced	25,243,519	-1,039,727	$288,785,857	−4.4%	3.95%
PCG	PG&E Corp Utilities	Added	21,467,215	+9,672,218	$377,178,967	+99.0%	5.16%
SPY	Spdr S&P 500 ETF Trust	NEW	5,100,000	NEW	$3,316,734,000	NEW	45.35%