PointState Capital LP
Institutional investor · Portfolio as of Q3 2025
Top Holdings57 positions
 Corning Incorporated | 6M | $492.6M | 7.4% | $45.63 | +78.20% | 3 qtrssince 2025-Q1 | Decreased 0 |
 Teva Pharmaceutical Industries Limited | 20.7M | $418.4M | 6.2% | $16.90 | +19.55% | 7 qtrssince 2024-Q1 | Unchanged 0 |
 StubHub Holdings, Inc. | 20.7M | $348.7M | 5.2% | $16.84 | 0.00% | 1 qtr | New 97 |
Corning Incorporated | 4.2M | $344.5M | 5.1% | — | — | — | Unchanged — |
 nVent Electric plc | 2.5M | $243.9M | 3.6% | $51.66 | +89.35% | 3 qtrssince 2025-Q1 | Decreased 0 |
 The Charles Schwab Corporation | 2.4M | $229.9M | 3.4% | $72.40 | +30.21% | 4 qtrssince 2024-Q4 | Unchanged 0 |
 Talen Energy Corporation | 532,857 | $226.7M | 3.4% | $320.22 | +32.84% | 3 qtrssince 2025-Q1 | Increased 92 |
 PG&E Corporation | 15M | $226.2M | 3.4% | — | — | — | Increased — |
 Capital One Financial Corporation | 1.1M | $224.6M | 3.4% | $175.21 | +19.47% | 4 qtrssince 2024-Q4 | Increased 58 |
PG&E Corporation | 14M | $211.5M | 3.2% | $16.85 | -11.65% | 3 qtrssince 2025-Q1 | Increased 59 |
 Carpenter Technology Corporation | 838,123 | $205.8M | 3.1% | $250.10 | -2.10% | 2 qtrssince 2025-Q2 | Increased 92 |
 Amazon.com, Inc. | 872,280 | $191.5M | 2.9% | $207.15 | +5.99% | 3 qtrssince 2025-Q1 | Decreased 0 |
 ISHARES TR | 3.5M | $186.9M | 2.8% | — | — | — | New — |
 Natera, Inc. | 1.1M | $181.3M | 2.7% | $156.35 | +2.96% | 6 qtrssince 2024-Q2 | Increased 85 |
 Illumina, Inc. | 1.8M | $170.9M | 2.6% | $111.02 | -14.46% | 5 qtrssince 2024-Q3 | Decreased 0 |
 Coupang, Inc. | 5.1M | $163.9M | 2.4% | $19.21 | +67.63% | 11 qtrssince 2023-Q1 | Increased 63 |
 Rocket Companies, Inc. | 8.4M | $162.1M | 2.4% | $17.19 | +12.76% | 2 qtrssince 2025-Q2 | Increased 85 |
 CRH PLC | 1.3M | $156.9M | 2.3% | $80.93 | +46.50% | 6 qtrssince 2024-Q2 | Increased 53 |
Illumina, Inc. | 1.6M | $156.4M | 2.3% | — | — | — | Increased — |
 Flutter Entertainment plc | 601,433 | $152.8M | 2.3% | $231.95 | +9.50% | 6 qtrssince 2024-Q2 | Decreased 0 |
| Quarter | Reported value in US dollars | Reported value change |
|---|---|---|
| 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% |
| 2025-Q3 | $6,698,460,282 | 2.12793824833% |
PointState Capital LP manages $6.7B across 57 positions as of Q3 2025. Top holdings: GLW (7.4%), TEVA (6.2%), STUB (5.2%). Fund DNA: Momentum Trader. HoldingsIntel Score: 1/5.0.
Added STUB, RBRK, WAY and 10 more; exited LITE, BAC, EWY and 7 more; increased 16, led by CRS (+693,834 shares); trimmed 16, led by ILMN (−1.2M shares). Top move: STUB (NEW, conviction 97). Portfolio: $6.7B across 57 positions.
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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