PointState Capital LP 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
PointState Capital LP disclosed 54 US equity positions worth $5.8bn in its Q4 2025 13F filing. The largest position was STUB at 5.7% of the reported book, followed by FLUTTER ENTMT PLC and CEG. Against the Q3 2025 filing, it opened 13 new positions, added to 23 and reduced 13 among the top 50 holdings.
What did PointState Capital LP own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | STUB STUBHUB HLDGS INC | Communication Services | 5.7% | $335.9m | 24,823,335 | 20% | added |
| 2 | FLUTTER ENTMT PLC | 5.1% | $301.0m | 1,399,735 | 133% | added | |
| 3 | CEG CONSTELLATION ENERGY CORP | Utilities | 5.0% | $292.4m | 827,626 | – | new |
| 4 | AMZN AMAZON COM INC | Consumer Cyclical | 5.0% | $290.0m | 1,256,355 | 44% | added |
| 5 | NVT NVENT ELECTRIC PLC | Industrials | 4.1% | $242.6m | 2,378,858 | -4% | reduced |
| 6 | SCHW SCHWAB CHARLES CORP | Financial Services | 4.1% | $240.6m | 2,408,147 | 0% | held |
| 7 | CX CEMEX SAB DE CV | Basic Materials | 3.4% | $198.6m | 17,283,246 | 3% | added |
| 8 | FCX FREEPORT-MCMORAN INC | Basic Materials | 3.4% | $198.5m | 3,908,710 | – | new |
| 9 | CRS CARPENTER TECHNOLOGY CORP | Industrials | 3.3% | $192.7m | 612,211 | -27% | reduced |
| 10 | PCG PG&E CORP | Utilities | 3.2% | $189.5m | 11,794,997 | -16% | reduced |
| 11 | CPNG COUPANG INC | Consumer Cyclical | 3.2% | $185.5m | 7,863,165 | 55% | added |
| 12 | COF CAPITAL ONE FINL CORP | Financial Services | 3.1% | $183.7m | 758,066 | -28% | reduced |
| 13 | CAI CARIS LIFE SCIENCES INC | Healthcare | 3.1% | $181.3m | 6,718,707 | 73% | added |
| 14 | ARMK ARAMARK | Industrials | 3.0% | $174.6m | 4,737,646 | 46% | added |
| 15 | NTRA NATERA INC | Healthcare | 2.8% | $163.9m | 715,495 | -36% | reduced |
| 16 | GRAB HOLDINGS LIMITED | 2.8% | $162.5m | 32,555,483 | 411% | added | |
| 17 | RBRK RUBRIK INC. | Technology | 2.7% | $160.6m | 2,100,000 | 23% | added |
| 18 | CCC CCC INTELLIGENT SOLUTIONS HL | Technology | 2.6% | $150.5m | 18,925,086 | 16% | added |
| 19 | WCC WESCO INTL INC | Industrials | 2.6% | $149.8m | 612,505 | -11% | reduced |
| 20 | GLNG GOLAR LNG LTD | Energy | 2.5% | $146.3m | 3,932,104 | 19% | added |
| 21 | XYZ BLOCK INC | Technology | 2.3% | $133.9m | 2,057,224 | – | new |
| 22 | DASH DOORDASH INC | Consumer Cyclical | 2.1% | $123.6m | 545,564 | – | new |
| 23 | RKT ROCKET COS INC | Financial Services | 2.1% | $120.5m | 6,223,575 | -26% | reduced |
| 24 | WAB WABTEC | Industrials | 2.0% | $119.2m | 558,359 | 116% | added |
| 25 | TEVA TEVA PHARMACEUTICAL INDS LTD | Healthcare | 2.0% | $118.4m | 3,793,986 | -82% | reduced |
| 26 | WAY WAYSTAR HLDG CORP | Healthcare | 1.6% | $90.8m | 2,773,241 | 32% | added |
| 27 | GGAL GRUPO FINANCIERO GALICIA S.A | Financial Services | 1.5% | $85.9m | 1,592,990 | 171% | added |
| 28 | BAC BANK AMERICA CORP | Financial Services | 1.3% | $78.0m | 1,418,828 | – | new |
| 29 | BMA BANCO MACRO SA | Financial Services | 1.3% | $77.3m | 857,488 | 267% | added |
| 30 | GLW CORNING INC | Technology | 1.3% | $75.0m | 856,764 | -86% | reduced |
| 31 | ILMN ILLUMINA INC | Healthcare | 1.2% | $69.8m | 531,942 | -70% | reduced |
| 32 | IOT SAMSARA INC | Technology | 1.1% | $61.6m | 1,737,068 | 44% | added |
| 33 | TSEM TOWER SEMICONDUCTOR LTD | Technology | 1.0% | $56.4m | 480,614 | 70% | added |
| 34 | VST VISTRA CORP | Utilities | 0.9% | $55.2m | 342,360 | 445% | added |
| 35 | COPX GLOBAL X FDS | 0.9% | $54.0m | 752,364 | – | new | |
| 36 | TLN TALEN ENERGY CORP | Utilities | 0.9% | $50.9m | 135,870 | -75% | reduced |
| 37 | BBAR BANCO BBVA ARGENTINA S A | 0.8% | $48.2m | 2,668,038 | 61% | added | |
| 38 | CRH CRH PLC | Basic Materials | 0.8% | $44.0m | 352,765 | -73% | reduced |
| 39 | EXE EXPAND ENERGY CORPORATION | Energy | 0.7% | $39.9m | 361,377 | 36% | added |
| 40 | ETR ENTERGY CORP NEW | Utilities | 0.5% | $28.7m | 310,325 | – | new |
| 41 | PAM PAMPA ENERGIA S A | Industrials | 0.4% | $24.0m | 271,221 | – | new |
| 42 | VALE VALE S A | Basic Materials | 0.3% | $20.1m | 1,542,021 | – | new |
| 43 | LSCC LATTICE SEMICONDUCTOR CORP | Technology | 0.3% | $19.9m | 270,613 | – | new |
| 44 | METC RAMACO RES INC | Basic Materials | 0.3% | $18.0m | 999,187 | 207% | added |
| 45 | SUPV GRUPO SUPERVIELLE S.A. | Financial Services | 0.3% | $18.0m | 1,519,056 | 82% | added |
| 46 | LOMA LOMA NEGRA C I A S A MTN 14 | 0.3% | $14.6m | 1,130,732 | 245% | added | |
| 47 | HUT HUT 8 CORP | Financial Services | 0.2% | $10.7m | 232,938 | – | new |
| 48 | UNP UNION PAC CORP | Industrials | 0.2% | $10.5m | 45,466 | – | new |
| 49 | EQT EQT CORP | Energy | 0.2% | $10.4m | 194,486 | -25% | reduced |
| 50 | ECHO ECHOSTAR CORP | Communication Services | 0.2% | $9.5m | 87,273 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.