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Hedge fund

Pointstate Capital LP

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1509842

Reported value
$5.7bn
90% in companies we cover
Positions we cover
34
Largest PCG 6.0%
Copy, a year
+16.5%
S&P 500 +14.1%
Copy Sharpe ratio
0.76
S&P 500 0.78

How copying its 13F would have done

$10.0k$20.0k$40.0k$80.0k 2013201520172019202120232025 $75.6k$57.0k
CopyS&P 500 $10,000 copying Pointstate Capital LP's filed holdings in companies we cover from August 16, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −32.3% (S&P 500 −31.8%); beta 1.12; alpha +1.4% a year (t = 0.53); last 12 months +19.7% against +12.1%.

Reported value by quarter

Pointstate Capital LP: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $500B $1T $1.5T Reported value, 2013-06-30: $5.4B Reported value, 2013-09-30: $5.5B Reported value, 2013-12-31: $7.6B Reported value, 2014-03-31: $6.3B Reported value, 2014-06-30: $6.7B Reported value, 2014-09-30: $5.3B Reported value, 2014-12-31: $5.9B Reported value, 2015-03-31: $6.7B Reported value, 2015-06-30: $7.6B Reported value, 2015-09-30: $3.2B Reported value, 2015-12-31: $3.8B Reported value, 2016-03-31: $3.7B Reported value, 2016-06-30: $4.5B Reported value, 2016-09-30: $7.1B Reported value, 2016-12-31: $5.9B Reported value, 2017-03-31: $8.3B Reported value, 2017-06-30: $8.5B Reported value, 2017-09-30: $10.1B Reported value, 2017-12-31: $9.5B Reported value, 2018-03-31: $8.7B Reported value, 2018-06-30: $8.1B Reported value, 2018-09-30: $6.8B Reported value, 2018-12-31: $2.1B Reported value, 2019-03-31: $4.2B Reported value, 2019-06-30: $4.1B Reported value, 2019-09-30: $2.3B Reported value, 2019-12-31: $3.6B Reported value, 2020-03-31: $1.5B Reported value, 2020-06-30: $2.6B Reported value, 2020-09-30: $2.9B Reported value, 2020-12-31: $4B Reported value, 2021-03-31: $3.6B Reported value, 2021-06-30: $4.2B Reported value, 2021-09-30: $4.2B Reported value, 2021-12-31: $3.2B Reported value, 2022-03-31: $2.7B Reported value, 2022-06-30: $2.7B Reported value, 2022-09-30: $2B Reported value, 2022-12-31: $1.5T Reported value, 2023-03-31: $1.8B Reported value, 2023-06-30: $2.6B Reported value, 2023-09-30: $2.9B Reported value, 2023-12-31: $2.8B Reported value, 2024-03-31: $3.3B Reported value, 2024-06-30: $3.5B Reported value, 2024-09-30: $3.6B Reported value, 2024-12-31: $4.4B Reported value, 2025-03-31: $4.5B Reported value, 2025-06-30: $4.6B Reported value, 2025-09-30: $5.6B Reported value, 2025-12-31: $5.8B Reported value, 2026-03-31: $4.3B Reported value, 2026-06-30: $5.7B 2013-06-30 2016-03-31 2018-12-31 2021-09-30 2026-06-30 $5.7B
View chart data
Period Reported value
2013-06-30 $5.4B
2013-09-30 $5.5B
2013-12-31 $7.6B
2014-03-31 $6.3B
2014-06-30 $6.7B
2014-09-30 $5.3B
2014-12-31 $5.9B
2015-03-31 $6.7B
2015-06-30 $7.6B
2015-09-30 $3.2B
2015-12-31 $3.8B
2016-03-31 $3.7B
2016-06-30 $4.5B
2016-09-30 $7.1B
2016-12-31 $5.9B
2017-03-31 $8.3B
2017-06-30 $8.5B
2017-09-30 $10.1B
2017-12-31 $9.5B
2018-03-31 $8.7B
2018-06-30 $8.1B
2018-09-30 $6.8B
2018-12-31 $2.1B
2019-03-31 $4.2B
2019-06-30 $4.1B
2019-09-30 $2.3B
2019-12-31 $3.6B
2020-03-31 $1.5B
2020-06-30 $2.6B
2020-09-30 $2.9B
2020-12-31 $4B
2021-03-31 $3.6B
2021-06-30 $4.2B
2021-09-30 $4.2B
2021-12-31 $3.2B
2022-03-31 $2.7B
2022-06-30 $2.7B
2022-09-30 $2B
2022-12-31 $1.5T
2023-03-31 $1.8B
2023-06-30 $2.6B
2023-09-30 $2.9B
2023-12-31 $2.8B
2024-03-31 $3.3B
2024-06-30 $3.5B
2024-09-30 $3.6B
2024-12-31 $4.4B
2025-03-31 $4.5B
2025-06-30 $4.6B
2025-09-30 $5.6B
2025-12-31 $5.8B
2026-03-31 $4.3B
2026-06-30 $5.7B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
PCGPG&E Corporation6.03%$341.0m20.27M−5.6% Reduced
AMZNAmazon6.00%$339.3m1.42MNew
DASHDoorDash5.97%$337.7m1.83M0.0%
GRABGrab Holdings Ltd5.66%$320.0m84.89M+100.8% Added
QQnity Electronics, Inc.5.19%$293.5m1.80M+3.4% Added
RTXRTX Corporation5.01%$283.0m1.49MNew
XYZBlock, Inc.4.16%$235.2m3.09M−22.2% Reduced
DKNGDraftkings Inc.4.02%$227.0m8.99MNew
METAMeta Platforms3.79%$214.3m380.4K+423.5% Added
FLSFlowserve Corp3.48%$196.8m2.65MNew
WABWabtec3.05%$172.1m638.5K+6.3% Added
COFCapital One3.03%$171.3m854.1K+25.2% Added
KNXKnight-swift Transportation Holdings Inc.2.75%$155.3m1.99MNew
ILMNIllumina, Inc.2.68%$151.6m862.2K+480.4% Added
RBRKRubrik, Inc.2.64%$149.0m1.86M−49.1% Reduced
UNPUnion Pacific Corporation2.43%$137.1m504.1KNew
ARMKAramark2.39%$135.1m2.37M−47.6% Reduced
STUBStubhub Holdings, Inc.2.27%$128.2m9.96M−50.5% Reduced
CAICaris Life Sciences, Inc.2.15%$121.7m6.83M−7.2% Reduced
CSXCSX Corporation2.15%$121.3m2.55MNew
UALUnited Airlines Holdings2.14%$121.0m889.5KNew
RMBSRambus Inc1.79%$101.4m764.2K+9.0% Added
WMBWilliams Companies1.63%$92.1m1.24MNew
FLUTFlutter Entertainment plc1.54%$87.3m854.3K−39.7% Reduced
CPNGCoupang, Inc.1.28%$72.2m4.16M+463.8% Added
NTRANatera, Inc.1.24%$70.0m258.0K−65.1% Reduced
CLFCleveland-cliffs Inc.1.09%$61.8m6.58MNew
NUENucor0.98%$55.6m249.4KNew
NNNextnav Inc.0.98%$55.5m3.11MNew
MSFTMicrosoft Corporation0.77%$43.8m117.3KNew
MTCHMatch Group, Inc.0.74%$41.8m1.10MNew
LTHLife Time Group Holdings, Inc.0.66%$37.1m907.9K0.0%
WAYWaystar Holding Corp.0.37%$21.2m1.03M−72.6% Reduced
STLDSteel Dynamics0.30%$17.0m74.2KNew
CompanyBought (value)Shares
AMZNAmazon$339.3m1.42M
RTXRTX Corporation$283.0m1.49M
DKNGDraftkings Inc.$227.0m8.99M
FLSFlowserve Corp$196.8m2.65M
METAMeta Platforms$173.3m307.7K
GRABGrab Holdings Ltd$160.7m42.62M
KNXKnight-swift Transportation Holdings Inc.$155.3m1.99M
UNPUnion Pacific Corporation$137.1m504.1K
ILMNIllumina, Inc.$125.5m713.7K
CSXCSX Corporation$121.3m2.55M
UALUnited Airlines Holdings$121.0m889.5K
WMBWilliams Companies$92.1m1.24M
CLFCleveland-cliffs Inc.$61.8m6.58M
CPNGCoupang, Inc.$59.4m3.42M
NUENucor$55.6m249.4K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
NVTnVent Electric plc−$259.8m−2.20M
RBRKRubrik, Inc.−$143.7m−1.79M
STUBStubhub Holdings, Inc.−$130.8m−10.16M
NTRANatera, Inc.−$130.8m−481.9K
ENTGEntegris Inc−$130.4m−1.11M
GLNGGolar LNG LTD−$127.0m−2.35M
ARMKAramark−$122.8m−2.16M
WCCWesco International Inc−$80.7m−295.1K
XYZBlock, Inc.−$67.1m−883.2K
TEVATeva Pharmaceutical Industries LTD−$59.5m−1.97M
FLUTFlutter Entertainment plc−$57.5m−562.3K
WAYWaystar Holding Corp.−$56.2m−2.74M
LYBLyondellBasell−$49.7m−616.8K
RKTRocket Companies, Inc.−$40.2m−2.82M
DOWDow Inc.−$37.6m−903.0K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
NVTnVent Electric plc$259.8m2.20M
ENTGEntegris Inc$130.4m1.11M
GLNGGolar LNG LTD$127.0m2.35M
WCCWesco International Inc$80.7m295.1K
TEVATeva Pharmaceutical Industries LTD$59.5m1.97M
LYBLyondellBasell$49.7m616.8K
RKTRocket Companies, Inc.$40.2m2.82M
DOWDow Inc.$37.6m903.0K
VGVenture Global, Inc.$23.1m1.46M
MTArcelormittal$6.5m125.1K
VISNVistance Networks, Inc.$5.3m293.4K
CRSCarpenter Technology Corp$5.1m12.9K
FCXFreeport-McMoRan$547,0659.3K
  • Consumer Discretionary24.2%
  • Industrials23.2%
  • Technology18.9%
  • Financials8.0%
  • Communication Services7.5%
  • Health Care7.1%
  • Utilities6.7%
  • Materials2.6%
  • Energy1.8%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 16, 2013 to November 2, 2026+16.5%+14.1%0.760.78−32.3%1.12
2018 onwardsJanuary 5, 2018 to November 2, 2026+19.0%+13.9%0.760.66−32.3%1.11
Last three yearsNovember 3, 2023 to November 2, 2026+35.8%+21.8%1.391.16−26.1%1.26
Last yearNovember 7, 2025 to November 2, 2026+18.0%+14.2%0.790.84−10.9%1.11

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.