AI Portfolio Summary
In 2025 Q4, PointState Capital LP maintained a portfolio of 74 distinct positions. The most significant new addition to the portfolio was VANECK ETF TRUST, which now represents 7.32% of the total fund value. Conversely, PointState Capital LP completely exited their position in CORNING INC.
Total Positions
74
Quarter
2025 Q4
Top Holding
SMH (7.3%)
Top 10 Concentration
41.1%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 74
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
SMH
PUT
VANECK ETF TRUS...
|
PUT Option | 7.32% | — |
#1
Prev: #—
|
4.9 | 1,380,000 | no change |
NEW
|
1,380,000 | $496,979,400 | 2018 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
STUB
STUBHUB HLDGS I...
|
Unknown | 4.95% | 5.21% |
#2
1
Prev: #3
|
4.0 | 4,117,332 | 19.9% |
P
S
|
24,823,335 | $335,859,723 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FLUT
FLUTTER ENTMT P...
|
Unknown | 4.43% | 2.28% |
#3
17
Prev: #20
|
4.1 | 798,302 | 132.7% |
P
S
|
1,399,735 | $300,999,014 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CEG
CONSTELLATION E...
|
Unknown | 4.31% | — |
#4
Prev: #—
|
3.7 | 827,626 | no change |
NEW
|
827,626 | $292,375,437 | 2022 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AMZN
AMAZON COM INC
|
Unknown | 4.27% | 2.86% |
#5
7
Prev: #12
|
3.8 | 384,075 | 44.0% |
P
S
|
1,256,355 | $289,991,861 | 2012 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NVT
NVENT ELECTRIC ...
|
Unknown | 3.57% | 3.64% |
#6
1
Prev: #5
|
1.4 | -93,537 | -3.8% |
P
S
|
2,378,858 | $242,572,150 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SCHW
SCHWAB CHARLES ...
|
Unknown | 3.54% | 3.43% |
#7
1
Prev: #6
|
1.4 | no change | no change |
P
S
|
2,408,147 | $240,597,967 | 2013 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CX
CEMEX SAB DE CV
|
Unknown | 2.92% | 2.25% |
#8
13
Prev: #21
|
3.2 | 552,487 | 3.3% |
P
S
|
17,283,246 | $198,584,497 | 2012 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FCX
FREEPORT-MCMORA...
|
Unknown | 2.92% | — |
#9
Prev: #—
|
3.2 | 3,908,710 | no change |
NEW
|
3,908,710 | $198,523,381 | 2012 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CRS
CARPENTER TECHN...
|
Unknown | 2.84% | 3.07% |
#10
1
Prev: #11
|
1.2 | -225,912 | -27.0% |
P
S
|
612,211 | $192,748,511 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PCG
PG&E CORP
|
Unknown | 2.79% | 3.16% |
#11
1
Prev: #10
|
1.2 | -2,227,160 | -15.9% |
P
S
|
11,794,997 | $189,545,602 | 2017 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CPNG
COUPANG INC
|
Unknown | 2.73% | 2.45% |
#12
4
Prev: #16
|
3.3 | 2,774,015 | 54.5% |
P
S
|
7,863,165 | $185,492,062 | 2023 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
COF
CAPITAL ONE FIN...
|
Unknown | 2.71% | 3.35% |
#13
4
Prev: #9
|
1.2 | -298,284 | -28.2% |
P
S
|
758,066 | $183,724,876 | 2019 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CAI
CARIS LIFE SCIE...
|
Unknown | 2.67% | 1.75% |
#14
13
Prev: #27
|
3.3 | 2,834,986 | 73.0% |
P
S
|
6,718,707 | $181,270,715 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ARMK
ARAMARK
|
Unknown | 2.57% | 1.87% |
#15
11
Prev: #26
|
3.2 | 1,481,978 | 45.5% |
P
S
|
4,737,646 | $174,629,632 | 2022 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NTRA
NATERA INC
|
Unknown | 2.41% | 2.71% |
#16
2
Prev: #14
|
1.1 | -410,910 | -36.5% |
P
S
|
715,495 | $163,912,750 | 2021 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GRAB
GRAB HOLDINGS L...
|
Unknown | 2.39% | 0.57% |
#17
22
Prev: #39
|
3.3 | 26,186,329 | 411.1% |
P
S
|
32,555,483 | $162,451,860 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RBRK
RUBRIK INC.
|
Unknown | 2.36% | 2.09% |
#18
6
Prev: #24
|
3.0 | 397,653 | 23.4% |
P
S
|
2,100,000 | $160,608,000 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CCCS
CCC INTELLIGENT...
|
Unknown | 2.22% | 2.23% |
#19
3
Prev: #22
|
2.9 | 2,560,000 | 15.6% |
P
S
|
18,925,086 | $150,454,434 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WCC
WESCO INTL INC
|
Unknown | 2.21% | 2.18% |
#20
3
Prev: #23
|
0.9 | -76,593 | -11.1% |
P
S
|
612,505 | $149,843,223 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GLNG
GOLAR LNG LTD
|
Unknown | 2.15% | 1.99% |
#21
4
Prev: #25
|
2.9 | 637,081 | 19.3% |
P
S
|
3,932,104 | $146,313,590 | 2014 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CRS
CALL
CARPENTER TECHN...
|
CALL Option | 2.09% | — |
#22
Prev: #—
|
2.8 | 450,000 | no change |
NEW
|
450,000 | $141,678,000 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
XYZ
BLOCK INC
|
Unknown | 1.97% | — |
#23
Prev: #—
|
2.8 | 2,057,224 | no change |
NEW
|
2,057,224 | $133,904,710 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DASH
DOORDASH INC
|
Unknown | 1.82% | — |
#24
Prev: #—
|
2.7 | 545,564 | no change |
NEW
|
545,564 | $123,559,335 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RKT
ROCKET COS INC
|
Unknown | 1.77% | 2.42% |
#25
8
Prev: #17
|
0.8 | -2,142,479 | -25.6% |
P
S
|
6,223,575 | $120,488,412 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GLW
CALL
CORNING INC
|
CALL Option | 0.00% | 5.14% |
Sold All 😨
(Was: #4) |
0.3 | -4,200,000 | -100.0% |
CLOSED
|
— | $— | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PCG
CALL
PG&E CORP
|
CALL Option | 0.00% | 3.38% |
Sold All 😨
(Was: #8) |
0.3 | -15,000,000 | -100.0% |
CLOSED
|
— | $— | 2017 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EEM
CALL
ISHARES TR
|
CALL Option | 0.00% | 2.79% |
Sold All 😨
(Was: #13) |
0.3 | -3,500,000 | -100.0% |
CLOSED
|
— | $— | 2016 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EXPE
EXPEDIA GROUP I...
|
Unknown | 0.00% | 1.37% |
Sold All 😨
(Was: #28) |
0.3 | -427,789 | -100.0% |
CLOSED
|
— | $— | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MSFT
MICROSOFT CORP
|
Unknown | 0.00% | 0.83% |
Sold All 😨
(Was: #33) |
0.3 | -107,665 | -100.0% |
CLOSED
|
— | $— | 2014 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RGEN
REPLIGEN CORP
|
Unknown | 0.00% | 0.82% |
Sold All 😨
(Was: #34) |
0.3 | -409,503 | -100.0% |
CLOSED
|
— | $— | 2017 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
XLF
CALL
SELECT SECTOR S...
|
CALL Option | 0.00% | 0.80% |
Sold All 😨
(Was: #35) |
0.3 | -1,000,000 | -100.0% |
CLOSED
|
— | $— | 2019 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
APP
APPLOVIN CORP
|
Unknown | 0.00% | 0.78% |
Sold All 😨
(Was: #36) |
0.3 | -72,266 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RBLX
ROBLOX CORP
|
Unknown | 0.00% | 0.51% |
Sold All 😨
(Was: #40) |
0.3 | -244,877 | -100.0% |
CLOSED
|
— | $— | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ROIV
ROIVANT SCIENCE...
|
Unknown | 0.00% | 0.40% |
Sold All 😨
(Was: #42) |
0.3 | -1,791,440 | -100.0% |
CLOSED
|
— | $— | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
COHR
COHERENT CORP
|
Unknown | 0.00% | 0.34% |
Sold All 😨
(Was: #43) |
0.3 | -209,458 | -100.0% |
CLOSED
|
— | $— | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PINS
PINTEREST INC
|
Unknown | 0.00% | 0.33% |
Sold All 😨
(Was: #44) |
0.3 | -693,103 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NRG
NRG ENERGY INC
|
Unknown | 0.00% | 0.16% |
Sold All 😨
(Was: #50) |
0.3 | -66,812 | -100.0% |
CLOSED
|
— | $— | 2012 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
PG&E CORP
|
—
|
Bond/Debt | 0.00% | 0.15% |
Sold All 😨
(Was: #52) |
0.3 | -10,000,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
SRE
SEMPRA
|
Unknown | 0.00% | 0.10% |
Sold All 😨
(Was: #55) |
0.3 | -76,129 | -100.0% |
CLOSED
|
— | $— | 2012 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-25 of 74 holdings