PointState Capital LP
Institutional investor · Portfolio as of Q2 2026
Top Holdings50 positions
 Meta Platforms, Inc. | 1.3M | $740.7M | 9.5% | — | — | — | New — |
 VANECK ETF TRUST | 916,400 | $601.1M | 7.7% | — | — | — | New — |
 PG&E Corporation | 31.5M | $529.8M | 6.8% | — | — | — | New — |
PG&E Corporation | 20.3M | $341M | 4.4% | $17.12 | -22.72% | 6 qtrssince 2025-Q1 | Decreased 0 |
 Amazon.com, Inc. | 1.4M | $339.3M | 4.3% | $238.34 | +13.65% | 1 qtr | New 87 |
 DoorDash, Inc. | 1.8M | $337.7M | 4.3% | $172.91 | +3.09% | 3 qtrssince 2025-Q4 | Unchanged 0 |
 Grab Holdings Limited | 84.9M | $320M | 4.1% | $4.19 | -19.98% | 8 qtrssince 2024-Q3 | Increased 93 |
 Cemex, S.A.B. de C.V. | 25.2M | $302.9M | 3.9% | $8.40 | +28.39% | 5 qtrssince 2025-Q2 | Unchanged 0 |
 Qnity Electronics, Inc. | 1.8M | $293.5M | 3.8% | $116.83 | +5.83% | 2 qtrssince 2026-Q1 | Increased 60 |
 RTX Corporation | 1.5M | $283M | 3.6% | $189.10 | +5.91% | 1 qtr | New 86 |
 Block, Inc. | 3.1M | $235.2M | 3.0% | — | — | 3 qtrssince 2025-Q4 | Decreased 0 |
 DraftKings Inc. | 9M | $227M | 2.9% | $25.26 | -23.36% | 1 qtr | New 80 |
Meta Platforms, Inc. | 380,411 | $214.3M | 2.7% | $564.43 | +13.63% | 2 qtrssince 2026-Q1 | Increased 86 |
 Flowserve Corporation | 2.7M | $196.8M | 2.5% | $73.95 | +15.84% | 1 qtr | New 80 |
 Westinghouse Air Brake Technologies Corporation | 638,455 | $172.1M | 2.2% | $213.17 | +42.37% | 4 qtrssince 2025-Q3 | Increased 57 |
 Capital One Financial Corporation | 854,060 | $171.3M | 2.2% | $180.18 | +8.69% | 7 qtrssince 2024-Q4 | Increased 65 |
 Knight-Swift Transportation Holdings Inc. | 2M | $155.3M | 2.0% | $77.65 | -20.01% | 1 qtr | New 70 |
 Illumina, Inc. | 862,210 | $151.6M | 1.9% | $164.66 | +30.51% | 8 qtrssince 2024-Q3 | Increased 78 |
 Rubrik, Inc. | 1.9M | $149M | 1.9% | $67.51 | +61.97% | 4 qtrssince 2025-Q3 | Decreased 0 |
 Union Pacific Corporation | 504,063 | $137.1M | 1.8% | $270.74 | +11.03% | 1 qtr | New 70 |
| Quarter | Reported value in US dollars | Reported value change |
|---|---|---|
| 2025-Q1 | $6,900,259,200 | 25.7867768285% |
| 2025-Q2 | $6,558,891,129 | -4.94717750603% |
| 2025-Q3 | $6,698,460,282 | 2.12793824833% |
| 2025-Q4 | $6,791,289,893 | 1.38583505898% |
| 2026-Q1 | $7,896,330,661 | 16.2714415878% |
| 2026-Q2 | $7,824,078,662 | -0.915007262257% |
PointState Capital LP manages $7.8B across 50 positions as of Q2 2026. Top holdings: META calls (9.5%), SMH puts (7.7%), PCG calls (6.8%). Fund DNA: Momentum Trader. HoldingsIntel Score: 1/5.0.
Added AMZN, RTX, DKNG and 14 more; exited NVT, EWY, ENTG and 14 more; increased 11, led by META (+307,741 shares); trimmed 9, led by RBRK (−1.8M shares). Top move: GRAB (INCREASED, conviction 93). Portfolio: $7.8B across 50 positions.
Top holdings by portfolio weight
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Behavioral investing profile
Position Outcomes
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Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer
Verify source filings on SEC EDGAR