Q2 2026 13F · SEC CIK 1509842

PointState Capital LP

Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $5.7B
Reported positions: 41
Top holdings a year, 3 yrs: +38.4%
Assets under management: $12.0B

PointState Capital LP is a hedge fund that reported 41 positions worth $5.7B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Pg&e Corp (PCG, 6.0%), Amazon Com Inc (AMZN, 6.0%), Doordash Inc (DASH, 6.0%). A portfolio copying its top holdings returned 38.4% a year over the last 3 years, against 20.4% for the S&P 500.

PointState Capital LP holdings all 41 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

PointState Capital LP 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
PCGPg&e Corp	6.0%	8.8%	20,273,520	-5.6%	$341.0M
AMZNAmazon Com Inc	6.0%	New	1,423,550	—	$339.3M
DASHDoordash Inc	6.0%	6.4%	1,829,987	+0.0%	$337.7M
GRABGrab Holdings Limited	5.7%	3.6%	84,891,692	+100.8%	$320.0M
CXCemex Sab de Cv Spon ADR New	5.4%	6.7%	25,243,519	+0.0%	$302.9M
QQnity Electronics Inc Common Stock	5.2%	4.7%	1,797,184	+3.4%	$293.5M
RTXRtx Corporation	5.0%	New	1,491,395	—	$283.0M
SQBlock Inc	4.2%	5.6%	3,094,493	-22.2%	$235.2M
DKNGDraftkings Inc	4.0%	New	8,986,638	—	$227.0M
METAMeta Platforms Inc	3.8%	1.0%	380,411	+423.5%	$214.3M
FLSFlowserve Corp	3.5%	New	2,654,220	—	$196.8M
WABWabtec	3.0%	3.5%	638,455	+6.3%	$172.1M
COFCapital One Finl Corp	3.0%	2.9%	854,060	+25.2%	$171.3M
KNXKnight-Swift Transn Hldgs in	2.7%	New	1,994,977	—	$155.3M
ILMNIllumina Inc	2.7%	0.4%	862,210	+480.4%	$151.6M
RBRKRubrik Inc.	2.6%	4.1%	1,856,244	-49.1%	$149.0M
UNPUnion Pac Corp	2.4%	New	504,063	—	$137.1M
ARMKAramark	2.4%	4.3%	2,373,938	-47.6%	$135.1M
STUBStubhub Hldgs Inc	2.3%	2.9%	9,963,172	-50.5%	$128.2M
CAICaris Life Sciences Inc	2.2%	3.1%	6,828,835	-7.2%	$121.7M
CSXCsx Corp	2.1%	New	2,552,063	—	$121.3M
UALUnited Airls Hldgs Inc	2.1%	New	889,534	—	$121.0M
RMBSRambus Inc Del	1.8%	1.4%	764,172	+9.0%	$101.4M
WMBWilliams Cos	1.6%	New	1,238,869	—	$92.1M
FLUTFlutter Entmt PLC	1.5%	3.4%	854,251	-39.7%	$87.3M
CPNGCoupang Inc	1.3%	0.3%	4,159,204	+463.8%	$72.2M
BMABanco Macro S A	1.3%	1.3%	766,444	+7.9%	$71.0M
NTRANatera Inc	1.2%	3.4%	258,012	-65.1%	$70.0M
GGALGrupo Financiero Galicia S.a	1.2%	1.4%	1,399,000	+7.9%	$70.0M
CLFCleveland-Cliffs Inc New	1.1%	New	6,582,026	—	$61.8M
NUENucor Corp	1.0%	New	249,432	—	$55.6M
NNNextnav Inc	1.0%	New	3,114,953	—	$55.5M
BBARBanco Bbva Argentina S A	0.8%	0.8%	2,403,557	+7.9%	$47.1M
MSFTMicrosoft Corp	0.8%	New	117,333	—	$43.8M
MTCHMatch Group Inc.	0.7%	New	1,097,337	—	$41.8M
LTHLife Time Group Holdings Inc	0.7%	0.6%	907,880	+0.0%	$37.1M
PAMPampa Energia SA	0.4%	0.6%	271,221	+0.0%	$22.3M
WAYWaystar Hldg Corp	0.4%	2.1%	1,030,502	-72.6%	$21.2M
STLDSteel Dynamics Inc	0.3%	New	74,216	—	$17.0M
AZULAzul S A	0.3%	New	1,855,834	—	$16.7M
LOMALoma Negra C I A S A Mtn 14	0.2%	0.3%	1,130,732	+0.0%	$12.9M

What PointState Capital LP bought and sold in Q2 2026, against Q1 2026.

Share counts compared with the Q1 2026 13F; a split also changes share counts.

How the holdings did against the S&P 500.

1 year: +47.6% /yr; S&P 500 +20.1%
3 years: +38.4% /yr; S&P 500 +20.4%
5 years: +19.3% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$5.7B	41
Q1 2026	$4.3B	42
Q4 2025	$5.8B	53
Q3 2025	$5.6B	49
Q2 2025	$4.6B	46
Q1 2025	$4.5B	38
Q4 2024	$4.4B	40
Q3 2024	$3.6B	44
Q2 2024	$3.5B	52
Q1 2024	$3.3B	48
Q4 2023	$2.8B	48
Q3 2023	$2.9B	50

Questions about PointState Capital LP's portfolio

What stocks does PointState Capital LP own?

PointState Capital LP's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 41 positions worth $5.7B. The largest are Pg&e Corp (PCG) at 6.0%, Amazon Com Inc (AMZN) at 6.0%, Doordash Inc (DASH) at 6.0%, Grab Holdings Limited (GRAB) at 5.7% and Cemex Sab de Cv Spon ADR New (CX) at 5.4%.

What did PointState Capital LP buy last quarter?

In Q2 2026, PointState Capital LP added a new position in Amazon Com Inc (AMZN), a new position in Rtx Corporation (RTX), a new position in Draftkings Inc (DKNG), a new position in Flowserve Corp (FLS), a new position in Knight-Swift Transn Hldgs in (KNX), Illumina Inc (ILMN) (+480.4% shares), Coupang Inc (CPNG) (+463.8% shares) and Meta Platforms Inc (META) (+423.5% shares), compared with its Q1 2026 filing.

What did PointState Capital LP sell last quarter?

In Q2 2026, PointState Capital LP sold all of Nvent Elec PLC (NVT), sold all of Ishares Inc (EWY), sold all of Entegris Inc (ENTG), sold all of Golar Lng Ltd Shs (GLNG), sold all of Ishares Inc (EWZ), Waystar Hldg Corp (WAY) (-72.6% shares), Natera Inc (NTRA) (-65.1% shares) and Stubhub Hldgs Inc (STUB) (-50.5% shares), compared with its Q1 2026 filing.

How has PointState Capital LP's portfolio performed?

A portfolio copying PointState Capital LP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +38.4% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +47.6% against +20.1%. Over 5 years: +19.3% a year against +11.6%.

When is PointState Capital LP's next 13F filing due?

13F filings are due 45 days after each quarter ends. PointState Capital LP's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does PointState Capital LP manage?

PointState Capital LP reported $12.0B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $5.7B.