PointState Capital LP
13F Reported Value
ⓘ$7.9B
incl. option notional
Equity Holdings
ⓘ$4.3B
Option Notional
ⓘ$3.6B
$3.6B puts / $0 calls
Holdings
45
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
PointState Capital LP disclosed 45 positions worth $7.9B in its Form 13F-HR for Q1 2026 — $4.3B in common stock plus $3.6B of put/call option positions (reported at underlying notional value, not premium at risk), led by $SPY (SPDR S&P 500 ETF TRUST) puts, followed by $PCG and $CX. During the quarter the fund opened 14 new positions and exited 27 — including a new stake in $SPY. The portfolio is most concentrated in Technology (22.7% of disclosed assets). All figures are sourced directly from PointState Capital LP’s Form 13F-HR filing with the SEC under CIK 1509842.
AI Fund Analysis
ConcentratingSector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- —
Quality
$3.3B5,100,000 sh - 59.3#927
Quality
$377.2M21,467,215 sh - —
Quality
$288.8M25,243,519 sh - 70.6
Quality
$274.8M1,829,987 sh ISHARES TR PUT
—Quality
$272.8M1,100,000 sh- —
Quality
$259.8M2,196,528 sh - 60.3
Quality
$239.4M3,977,687 sh ISHARES INC
—Quality
$211.7M1,720,621 sh- —
Quality
$200.5M1,737,944 sh - 53.0
Quality
$183.7M4,532,293 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 SPDR S&P 500 ETF TRUST$SPYPUT | — | $3.3B | 5,100,000 |
 PG&E Corp$PCG | 59.3#927 | $377.2M | 21,467,215 |
 CEMEX SAB DE CV$CX | — | $288.8M | 25,243,519 |
 DoorDash, Inc.$DASH | 70.6 | $274.8M | 1,829,987 |
| ISHARES TR PUT | — | $272.8M | 1,100,000 |
 nVent Electric plc$NVT | — | $259.8M | 2,196,528 |
 Block, Inc.$XYZ | 60.3 | $239.4M | 3,977,687 |
| ISHARES INC | — | $211.7M | 1,720,621 |
 Qnity Electronics, Inc.$Q | — | $200.5M | 1,737,944 |
 Aramark$ARMK | 53.0 | $183.7M | 4,532,293 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of PointState Capital LP's 45 positions.
Showing top 10 of 45 holdings.
Sector Allocation
Technology
$979.3M
Industrials
$966.4M
Materials
$531.2M
Utilities
$401.2M
Healthcare
$339.0M
Financials
$327.8M
Other
$310.2M
Consumer Discretionary
$278.4M
Full Holdings — PointState Capital LP (Q1 2026)
All 45 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $SPYPUT | SPDR S&P 500 ETF TRUST | $3.3B | — | NEW | — |
| 2 | $PCG | PG&E Corp | $377.2M | 8.8% | +82% | 59.3 |
| 3 | $CX | CEMEX SAB DE CV | $288.8M | 6.7% | +46% | — |
| 4 | $DASH | DoorDash, Inc. | $274.8M | 6.4% | +235% | 70.6 |
| 5 | — | ISHARES TR | $272.8M | — | NEW | — |
| 6 | $NVT | nVent Electric plc | $259.8M | 6.0% | -8% | — |
| 7 | $XYZ | Block, Inc. | $239.4M | 5.6% | +93% | 60.3 |
| 8 | — | ISHARES INC | $211.7M | 4.9% | NEW | — |
| 9 | $Q | Qnity Electronics, Inc. | $200.5M | 4.7% | NEW | — |
| 10 | $ARMK | Aramark | $183.7M | 4.3% | -4% | 53 |
| 11 |  $RBRK | Rubrik, Inc. | $178.6M | 4.2% | +74% | 49.5 |
| 12 |  $GRAB | Grab Holdings Ltd | $154.7M | 3.6% | +30% | — |
| 13 |  $WAB | WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP | $150.1M | 3.5% | +8% | 70.8 |
| 14 |  $NTRA | Natera, Inc. | $148.0M | 3.4% | +3% | 46.4 |
| 15 |  $FLUT | Flutter Entertainment plc | $144.4M | 3.4% | +1% | — |
| 16 |  $CAI | Caris Life Sciences, Inc. | $131.6M | 3.1% | +10% | 32 |
| 17 |  $ENTG | ENTEGRIS INC | $130.4M | 3.0% | NEW | 57.7 |
| 18 |  $GLNG | GOLAR LNG LTD | $127.0M | 3.0% | -40% | — |
| 19 |  $STUB | StubHub Holdings, Inc. | $125.6M | 2.9% | -19% | — |
| 20 |  $COF | CAPITAL ONE FINANCIAL CORP | $124.4M | 2.9% | -10% | 71 |
| 21 | — | ISHARES INC | $93.0M | 2.2% | NEW | — |
| 22 |  $WAY | Waystar Holding Corp. | $90.8M | 2.1% | +36% | 71.4 |
| 23 |  $WCC | WESCO INTERNATIONAL INC | $80.7M | 1.9% | -52% | 55.4 |
| 24 |  $GGAL | GRUPO FINANCIERO GALICIA SA | $60.6M | 1.4% | -19% | — |
| 25 |  $RMBS | RAMBUS INC | $60.3M | 1.4% | NEW | 75.2 |
| 26 |  $TEVA | TEVA PHARMACEUTICAL INDUSTRIES LTD | $59.5M | 1.4% | -48% | — |
| 27 |  $BMA | Macro Bank Inc. | $55.0M | 1.3% | -17% | — |
| 28 |  $LYB | LyondellBasell Industries N.V. | $49.7M | 1.1% | NEW | — |
| 29 |  $META | Meta Platforms, Inc. | $41.6M | 1.0% | NEW | 80.9 |
| 30 |  $RKT | Rocket Companies, Inc. | $40.2M | 0.9% | -55% | — |
| 31 |  $DOW | DOW INC. | $37.6M | 0.9% | NEW | 38 |
| 32 |  $BBAR | Banco BBVA Argentina S.A. | $35.8M | 0.8% | -16% | — |
| 33 |  $LTH | Life Time Group Holdings, Inc. | $24.5M | 0.6% | NEW | 67.8 |
| 34 |  $PAM | Pampa Energy Inc. | $24.0M | 0.6% | +0% | — |
| 35 |  $VG | Venture Global, Inc. | $23.1M | 0.5% | NEW | 69 |
| 36 |  $ILMN | ILLUMINA, INC. | $18.3M | 0.4% | -72% | 62.5 |
| 37 |  $CPNG | Coupang, Inc. | $13.9M | 0.3% | -91% | 56.4 |
| 38 |  $LOMA | Loma Negra Compania Industrial Argentina Sociedad Anonima | $12.5M | 0.3% | +0% | — |
| 39 |  $SUPV | Grupo Supervielle S.A. | $11.9M | 0.3% | -17% | — |
| 40 |  $MT | ArcelorMittal | $6.5M | 0.1% | NEW | — |
| 41 | — | GLOBAL X FDS | $5.6M | 0.1% | -90% | — |
| 42 |  $VISN | Vistance Networks, Inc. | $5.3M | 0.1% | NEW | 43.9 |
| 43 |  $CRS | CARPENTER TECHNOLOGY CORP | $5.1M | 0.1% | -98% | 69.9 |
| 44 |  $FCX | FREEPORT-MCMORAN INC | $547,065 | 0.0% | -100% | 73.1 |
| 45 |  $METC | Ramaco Resources, Inc. | $167,464 | 0.0% | +0% | 24.1 |
New Positions (14)
$SPYPUT SPDR S&P 500 ETF TRUST$3.3B$Q Qnity Electronics, Inc.$200.5M$ENTG ENTEGRIS INC$130.4M$RMBS RAMBUS INC$60.3M$LYB LyondellBasell Industries N.V.$49.7M$META Meta Platforms, Inc.$41.6M$DOW DOW INC.$37.6M$LTH Life Time Group Holdings, Inc.$24.5M$VG Venture Global, Inc.$23.1M$MT ArcelorMittal$6.5M$VISN Vistance Networks, Inc.$5.3MExited Positions (27)
$CEG Constellation Energy Corp
$AMZN AMAZON COM INC
$SCHW SCHWAB CHARLES CORP
$CCC CCC Intelligent Solutions Holdings Inc.$CRSCALL CARPENTER TECHNOLOGY CORP$TEVACALL TEVA PHARMACEUTICAL INDUSTRIES LTD$CXCALL CEMEX SAB DE CV$ILMNCALL ILLUMINA, INC.
$BAC BANK OF AMERICA CORP /DE/
$GLW CORNING INC /NY
$IOT Samsara Inc.
$TSEM TOWER SEMICONDUCTOR LTD
$VST Vistra Corp.
$TLN Talen Energy CorpBrowse Top Institutional Investors
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AI-Powered Hedge Fund Analysis: PointState Capital LP
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Every holding in PointState Capital LP's portfolio is scored on a 32-signal AI quality ranking (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.