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PointState Capital LP

Institutional InvestorSimilar funds →SEC EDGAR: CIK 1509842
Institutional-grade research for retail investors

Sector Allocation

  • Industrials27.3%$1.6B
  • Technology21.9%$1.2B
  • Consumer Discretionary15.6%$884.3M
  • Materials7.9%$450.3M
  • Communication Services6.9%$392.3M
  • Utilities6.4%$363.3M
  • Financials6.3%$359.4M
  • Healthcare6.0%$343.3M
  • Energy1.6%$92.3M

AUM History

13fpro.ai/research/fund/pointstate-capital-lp-1509842

Largest positions — Q2 2026

Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.

13fpro.ai/research/fund/pointstate-capital-lp-1509842

PointState Capital LP 13F holdings — Q2 2026

$7.8B portfolio (-0.9% QoQ) · 50 holdings · Q2 2026 13F · top 10 are 51% of the stock portfolio

Includes $2.1B of put/call options ($601.1M puts, $1.5B calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $5.7B. Weights use the stock portfolio.

All holdings — PointState Capital LP (Q2 2026)

50 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.

Company
META$METACALLMeta Platforms, Inc.$740.7MNew
— PUTVANECK ETF TRUST - SEMICONDUCTR ETF$601.1MNew
PCG$PCGCALLPG&E Corp$529.8MNew
FLS$FLSFLOWSERVE CORP$196.8MNew
WAB$WABWESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP$172.1M+6%
COF$COFCAPITAL ONE FINANCIAL CORP$171.3M+25%
KNX$KNXKnight-Swift Transportation Holdings Inc.$155.3MNew
ILMN$ILMNILLUMINA, INC.$151.6M+480%
RBRK$RBRKRubrik, Inc.$149.0M-49%
UNP$UNPUNION PACIFIC CORP$137.1MNew
ARMK$ARMKAramark$135.1M-48%
STUB$STUBStubHub Holdings, Inc.$128.2M-50%
CAI$CAICaris Life Sciences, Inc.$121.7M-7%
CSX$CSXCSX CORP$121.3MNew
UAL$UALUnited Airlines Holdings, Inc.$121.0MNew

What changed in Q2 2026

Against the previous quarter's 13F: 23 new, 12 added to, 9 trimmed, 18 sold out. Share-count changes; largest moves by dollar size first.

New positions (23)

  • META$METACALLMeta Platforms, Inc.$740.7M

    first bought this quarter

  • PUTVANECK ETF TRUST - SEMICONDUCTR ETF$601.1M

    first bought this quarter

  • PCG$PCGCALLPG&E Corp$529.8M

    first bought this quarter

  • AMZN$AMZNAMAZON COM INC$339.3M

    first bought this quarter

  • RTX$RTXRTX Corp$283.0M

    first bought this quarter

  • DKNG$DKNGDraftKings Inc.$227.0M

    first bought this quarter

+17 more in the Excel export

Added to (12)

  • META$METAMeta Platforms, Inc.+423%

    now $214.3M · held 2 qtrs, 2 adds in a row

  • GRAB$GRABGrab Holdings Ltd+101%

    now $320.0M · held 8 qtrs, 3 adds in a row

  • ILMN$ILMNILLUMINA, INC.+480%

    now $151.6M · held 8 qtrs

  • CPNG$CPNGCoupang, Inc.+464%

    now $72.2M · held 10+ qtrs

  • COF$COFCAPITAL ONE FINANCIAL CORP+25%

    now $171.3M · held 7 qtrs

  • GLNG$GLNGGOLAR LNG LTD+965%

    now $28.4M · held 7 qtrs

+6 more in the Excel export

Trimmed (9)

  • RBRK$RBRKRubrik, Inc.-49%

    now $149.0M · held 4 qtrs

  • STUB$STUBStubHub Holdings, Inc.-50%

    now $128.2M · held 4 qtrs, 2 trims in a row

  • NTRA$NTRANatera, Inc.-65%

    now $70.0M · held 9 qtrs

  • ARMK$ARMKAramark-48%

    now $135.1M · held 10+ qtrs, 2 trims in a row

  • XYZ$XYZBlock, Inc.-22%

    now $235.2M · held 3 qtrs

  • FLUT$FLUTFlutter Entertainment plc-40%

    now $87.3M · held 9 qtrs

+3 more in the Excel export

Sold out (18)

  • SPY$SPYPUTSPDR S&P 500 ETF TRUSTwas $3.3B
  • PUTISHARES TRwas $272.8M
  • NVT$NVTnVent Electric plcwas $259.8M

    held 5 qtrs

  • ISHARES INCwas $211.7M
  • ENTG$ENTGENTEGRIS INCwas $130.4M

    held 1 qtr

  • ISHARES INCwas $93.0M

+12 more in the Excel export

Firm AUM (Form ADV): $12.0B as of 2025-12-31 · SEC IAPD

Share

Holdings by quarter

Every 13F PointState Capital LP has filed, 40 earlier quarters. Pick one to see what it held then.

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Is it too late to follow PointState Capital?

Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 27, 2026.

Average quality of PointState Capital's top 20 holdings: 63/100 (our AI quality score, weighted by position size; 18 of the 20 are scored)

Top 10 since filing

-14.3%

Value-weighted move of the 10 largest stock positions

Turnover

35%

Last quarter; 135% over the last 4

Top 10 weight

51%

Share of the stock portfolio in its 10 largest positions

Held 4+ quarters

44%

Share of portfolio value in positions held a year or more

Highest-quality names it owns(among its 100 largest positions)

The 8 highest-scoring companies in this portfolio are a Pro feature.

How these are measured
  • Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
  • Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
  • Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
  • Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
  • Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.

Portfolio Overview

PointState Capital LP disclosed 50 positions worth $7.8B in its Form 13F-HR for Q2 2026 — $5.7B in common stock plus $2.1B of put/call option positions (reported at underlying notional value, not premium at risk), led by $PCG (PG&E Corp) at 6.0% of the equity portfolio, followed by $AMZN and $DASH. During the quarter the fund opened 23 new positions and exited 18 — including a new stake in $META and a full exit from $SPY. The portfolio is most concentrated in Industrials (27.3% of disclosed assets). All figures are sourced directly from PointState Capital LP’s Form 13F-HR filing with the SEC under CIK 1509842.

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AI-Powered Hedge Fund Analysis: PointState Capital LP

13F Pro is an AI hedge fund tracker and stock research platform. For PointState Capital LP (SEC CIK: 1509842), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.

Every holding in PointState Capital LP's portfolio is scored on an AI quality ranking built from its SEC filings (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.