PointState Capital LP
SEC Form 13F institutional filer · CIK 0001509842
13F-HR · 10 reported holdings · 2026-03-31
Hedge fund manager.
Reported long-US-equity value
$1.50B
Top-10 concentration
100.0%
PointState Capital LP — $1.5B AUM allocation strategy
PointState Capital LP files SEC Form 13F and reports $1.5B of long US equity value across 10 reported holdings for 2026-03-31.
Its largest sector bet is Utilities 25.2%, followed by Financials 24.3% and Consumer Discretionary 18.4%.
The top 10 holdings account for 100% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
PointState Capital LP — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$1.5B
total across 10 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
100% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$PCG +9.67M sh · +$188M+$XYZ +1.92M sh · +$105M+$DASH +1.28M sh · +$151M
Exited to nil (held last quarter, gone now)
$CEG ($292M last qtr)$AMZN ($290M last qtr)$SCHW ($241M last qtr)$BAC ($78M last qtr)$GLW ($75M last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Multi-Utilities25.2%—
- Specialized Consumer Services18.4%—
- Transaction & Payment Processing Services16.0%—
- Semiconductor Materials & Equipment13.4%—
- Construction Machinery & Heavy Transportation Equipment10.0%—
- Consumer Finance8.3%—
- Specialty Chemicals3.3%—
- Interactive Media & Services2.8%—
- Other holdings2.6%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $PCG | Pacific Gas & Electric Co | 21.5M | $377M | +9.67M | 25.2% |
| $DASH | DoorDash Inc | 1.83M | $275M | +1.28M | 18.4% |
| $XYZ | Block Inc | 3.98M | $239M | +1.92M | 16.0% |
| $Q | Qnity Electronics Inc | 1.74M | $201M | — | 13.4% |
| $WAB | Westinghouse Air Brake Technologies Corporation | 601K | $150M | +42.3K | 10.0% |
| $COF | Capital One Financial Corporation | 682K | $124M | -76K | 8.3% |
| $LYB | LyondellBasell Industries NV Ordinary Shares Class A | 617K | $49.7M | — | 3.3% |
| $META | Meta Platforms Inc | 72.7K | $41.6M | — | 2.8% |
| $DOW | Dow Inc | 903K | $37.6M | — | 2.5% |
| $FCX | Freeport-McMoRan Inc | 9.31K | $547K | -3.9M | 0.0% |
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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