1y return+35.2%S&P 500 +20.9%
3y return+130.9%S&P 500 +68.5%
5y return+129.3%S&P 500 +74.5%
10y return+348.3%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $448 against $357 in the S&P 500.2
PointState Capital LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| PCGPg&e Corp | $341.0M | 6.0% | −5.6% |
| AMZNAmazon Com Inc | $339.3M | 6.0% | New |
| DASHDoordash Inc | $337.7M | 6.0% | |
| Grab Holdings LimitedCUSIP G4124C109 | $320.0M | 5.7% | +100.8% |
| CXCemex Sa Euro Mtn Be 144a | $302.9M | 5.4% | |
| QQnity Electronics Inc | $293.5M | 5.2% | +3.4% |
| RTXRtx Corporation | $283.0M | 5.0% | New |
| XYZBlock Inc | $235.2M | 4.2% | −22.2% |
| DKNGDraftkings Inc New | $227.0M | 4.0% | New |
| METAMeta Platforms Inc | $214.3M | 3.8% | +423.5% |
| FLSFlowserve Corp | $196.8M | 3.5% | New |
| WABWabtec | $172.1M | 3.0% | +6.3% |
| COFCapital One Finl Corp | $171.3M | 3.0% | +25.2% |
| KNXKnight-swift Transn Hldgs In | $155.3M | 2.7% | New |
| ILMNIllumina Inc | $151.6M | 2.7% | +480.4% |
| RBRKRubrik Inc. | $149.0M | 2.6% | −49.1% |
| UNPUnion Pac Corp | $137.1M | 2.4% | New |
| ARMKAramark | $135.1M | 2.4% | −47.6% |
| STUBStubhub Hldgs Inc | $128.2M | 2.3% | −50.5% |
| CAICaris Life Sciences Inc | $121.7M | 2.2% | −7.2% |
| CSXCsx Corp | $121.3M | 2.1% | New |
| UALUnited Airls Hldgs Inc | $121.0M | 2.1% | New |
| RMBSRambus Inc Del | $101.4M | 1.8% | +9.0% |
| WMBWilliams Cos Inc | $92.1M | 1.6% | New |
| Flutter Entmt PLCCUSIP G3643J108 | $87.3M | 1.5% | −39.7% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NTRANatera Inc | June 30, 2024 | +150.7% | $70.0M |
| BBARBanco Bbva Argentina S A | June 30, 2024 | +112.0% | $47.1M |
| ARMKAramark | September 30, 2022 | +82.4% | $135.1M |
| CXCemex Sa Euro Mtn Be 144a | June 30, 2025 | +73.2% | $302.9M |
| GGALGrupo Financiero Galicia S.a | June 30, 2024 | +63.7% | $70.0M |
| BMABanco Macro S A | June 30, 2024 | +61.5% | $71.0M |
| RMBSRambus Inc Del | March 31, 2026 | +54.3% | $101.4M |
| LTHLife Time Group Holdings Inc | March 31, 2026 | +51.6% | $37.1M |
| QQnity Electronics Inc | March 31, 2026 | +41.5% | $293.5M |
| ILMNIllumina Inc | September 30, 2024 | +34.8% | $151.6M |
Sold off last quarter
- Nvent Elec PLCCUSIP G6700G107 was $259.8M
- EWYIshares Inc was $211.7M
- ENTGEntegris Inc was $130.4M
- Golar Lng LtdCUSIP G9456A100 was $127.0M
- EWZIshares Inc was $93.0M
- WCCWesco Intl Inc was $80.7M
- Teva Pharmaceutical Inds LtdCUSIP 881624209 was $59.5M
- Lyondellbasell Industries NvCUSIP N53745100 was $49.7M
- RKTRocket Cos Inc was $40.2M
- DOWDow Hldgs Inc was $37.6M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +22.5% | +14.8% |
| March 31, 2026 | −10.0% | −4.6% |
| December 31, 2025 | +8.3% | +2.4% |
| September 30, 2025 | +13.2% | +7.8% |
| June 30, 2025 | +19.0% | +10.5% |
| March 31, 2025 | −12.5% | −4.6% |
| December 31, 2024 | +14.7% | +2.1% |
| September 30, 2024 | +11.8% | +5.4% |
| June 30, 2024 | +4.0% | +4.0% |
| March 31, 2024 | +12.9% | +10.0% |
| December 31, 2023 | +9.4% | +11.2% |
| September 30, 2023 | −0.4% | −3.6% |
| June 30, 2023 | +10.4% | +8.3% |
| March 31, 2023 | +5.7% | +7.0% |
| December 31, 2022 | +4.7% | +7.1% |
| September 30, 2022 | +3.7% | −5.3% |
| June 30, 2022 | −15.2% | −16.5% |
| March 31, 2022 | −10.1% | −4.9% |
| December 31, 2021 | +2.5% | +10.7% |
| September 30, 2021 | +0.4% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: PointState Capital LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1509842&type=13F-HR&dateb=&owner=include&count=40CIK 1509842
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1509842/000119312526352194/Filed August 14, 2026 · accession 0001193125-26-352194