PointState Capital LP
Institutional investor · Portfolio as of Q2 2025
Top Holdings53 positions
 STATE STR SPDR S&P 500 ETF T | 2M | $1.2B | 18.8% | — | — | — | Decreased — |
 Teva Pharmaceutical Industries Limited | 20.7M | $347.1M | 5.3% | $16.90 | -0.81% | 6 qtrssince 2024-Q1 | Increased 80 |
 Corning Incorporated | 6.2M | $323.8M | 4.9% | $45.63 | +13.78% | 2 qtrssince 2025-Q1 | Increased 64 |
 Illumina, Inc. | 3M | $281.5M | 4.3% | $111.02 | -14.06% | 4 qtrssince 2024-Q3 | Increased 67 |
 Lumentum Holdings Inc. | 2.5M | $240.8M | 3.7% | $62.34 | +161.00% | 2 qtrssince 2025-Q1 | Decreased 0 |
Corning Incorporated | 4.2M | $220.9M | 3.4% | — | — | — | Unchanged — |
 Capital One Financial Corporation | 1M | $220.3M | 3.4% | $174.52 | +19.72% | 3 qtrssince 2024-Q4 | Decreased 0 |
 The Charles Schwab Corporation | 2.4M | $219.7M | 3.3% | $72.40 | +24.09% | 3 qtrssince 2024-Q4 | Decreased 0 |
 Flutter Entertainment plc | 756,493 | $216.2M | 3.3% | $231.95 | +23.20% | 5 qtrssince 2024-Q2 | Increased 75 |
 PG&E Corporation | 14M | $195.2M | 3.0% | — | — | — | New — |
 Amazon.com, Inc. | 879,395 | $192.9M | 2.9% | $207.15 | +5.91% | 2 qtrssince 2025-Q1 | Increased 85 |
PG&E Corporation | 13.7M | $190.5M | 2.9% | $16.90 | -18.71% | 2 qtrssince 2025-Q1 | Decreased 0 |
 nVent Electric plc | 2.5M | $182.3M | 2.8% | $51.66 | +40.25% | 2 qtrssince 2025-Q1 | Decreased 0 |
Illumina, Inc. | 1.6M | $155.9M | 2.4% | — | — | — | Increased — |
 Bank of America Corporation | 3M | $144M | 2.2% | $40.82 | +12.88% | 5 qtrssince 2024-Q2 | Increased 63 |
 Cemex, S.A.B. de C.V. | 20M | $138.4M | 2.1% | $6.88 | 0.00% | 1 qtr | New 79 |
 ISHARES INC | 1.9M | $134.1M | 2.0% | $70.20 | 0.00% | 1 qtr | New 79 |
 Block, Inc. | 1.9M | $127M | 1.9% | — | — | 1 qtr | New 70 |
 Coupang, Inc. | 4.2M | $126.9M | 1.9% | $16.59 | +80.64% | 10 qtrssince 2023-Q1 | Decreased 0 |
 CRH PLC | 1.3M | $119.6M | 1.8% | $80.78 | +12.38% | 5 qtrssince 2024-Q2 | Decreased 0 |
| Quarter | Reported value in US dollars | Reported value change |
|---|---|---|
| 2024-Q1 | $5,843,725,189 | 41.3867195798% |
| 2024-Q2 | $4,601,320,306 | -21.2604946813% |
| 2024-Q3 | $5,511,414,963 | 19.7789894308% |
| 2024-Q4 | $5,485,679,317 | -0.466951702472% |
| 2025-Q1 | $6,900,259,200 | 25.7867768285% |
| 2025-Q2 | $6,558,891,129 | -4.94717750603% |
PointState Capital LP manages $6.6B across 53 positions as of Q2 2025. Top holdings: SPY puts (18.8%), TEVA (5.3%), GLW (4.9%). Fund DNA: Momentum Trader. HoldingsIntel Score: 1/5.0.
Added CX, EWY, XYZ and 11 more; exited CEG, MSFT, KKR and 3 more; increased 13, led by AMZN (+510,032 shares); trimmed 19, led by WCC (−1.5M shares). Top move: AMZN (INCREASED, conviction 85). Portfolio: $6.6B across 53 positions.
Top holdings by portfolio weight
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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