PointState Capital LP
Institutional investor · Portfolio as of Q1 2026
Top Holdings45 positions
 STATE STR SPDR S&P 500 ETF T | 5.1M | $3.3B | 42.0% | — | — | — | New Unranked |
 PG&E Corporation | 21.5M | $377.2M | 4.8% | $17.12 | +1.92% | 5 qtrssince 2025-Q1 | Increased 89 |
 Cemex, S.A.B. de C.V. | 25.2M | $288.8M | 3.7% | $8.40 | +35.52% | 4 qtrssince 2025-Q2 | Increased 78 |
 DoorDash, Inc. | 1.8M | $274.8M | 3.5% | $172.91 | -13.16% | 2 qtrssince 2025-Q4 | Increased 92 |
 ISHARES TR | 1.1M | $272.8M | 3.5% | — | — | — | New — |
 nVent Electric plc | 2.2M | $259.8M | 3.3% | $51.66 | +227.34% | 5 qtrssince 2025-Q1 | Decreased 0 |
 Block, Inc. | 4M | $239.4M | 3.0% | — | — | 2 qtrssince 2025-Q4 | Increased 90 |
 ISHARES INC | 1.7M | $211.7M | 2.7% | $123.01 | +64.13% | 1 qtr | New 80 |
 Qnity Electronics, Inc. | 1.7M | $200.5M | 2.5% | $115.25 | 0.00% | 1 qtr | New 80 |
 Aramark | 4.5M | $183.7M | 2.3% | — | — | 15 qtrssince 2022-Q3 | Decreased 0 |
 Rubrik, Inc. | 3.6M | $178.6M | 2.3% | $67.51 | -27.46% | 3 qtrssince 2025-Q3 | Increased 79 |
 Grab Holdings Limited | 42.3M | $154.7M | 2.0% | $4.61 | -20.55% | 7 qtrssince 2024-Q3 | Increased 61 |
 Westinghouse Air Brake Technologies Corporation | 600,656 | $150.1M | 1.9% | $209.63 | +18.94% | 3 qtrssince 2025-Q3 | Increased 52 |
 Natera, Inc. | 739,879 | $148M | 1.9% | $157.79 | +26.75% | 8 qtrssince 2024-Q2 | Increased 50 |
 Flutter Entertainment plc | 1.4M | $144.4M | 1.8% | $220.88 | -53.84% | 8 qtrssince 2024-Q2 | Increased 49 |
 Caris Life Sciences, Inc. | 7.4M | $131.6M | 1.7% | $26.71 | -33.07% | 4 qtrssince 2025-Q2 | Increased 53 |
 Entegris, Inc. | 1.1M | $130.4M | 1.7% | $116.98 | +53.52% | 1 qtr | New 70 |
 Golar LNG Limited | 2.3M | $127M | 1.6% | $39.70 | +24.92% | 6 qtrssince 2024-Q4 | Decreased 0 |
 StubHub Holdings, Inc. | 20.1M | $125.6M | 1.6% | $16.29 | -61.70% | 3 qtrssince 2025-Q3 | Decreased 0 |
 Capital One Financial Corporation | 682,080 | $124.4M | 1.6% | $175.21 | +3.31% | 6 qtrssince 2024-Q4 | Decreased 0 |
| Quarter | Reported value in US dollars | Reported value change |
|---|---|---|
| 2024-Q4 | $5,485,679,317 | -0.466951702472% |
| 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% |
PointState Capital LP manages $7.9B across 45 positions as of Q1 2026. Top holdings: SPY puts (42.0%), PCG (4.8%), CX (3.7%). Fund DNA: Momentum Trader. HoldingsIntel Score: 1/5.0.
Active quarter - 12 new positions, 23 exits, 11 increased. Top move: DASH (INCREASED, conviction 92). Portfolio: $7.9B across 45 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
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