PointState Capital LP
CIK 1509842 · Holdings on Dec 31, 2025 · First reported Feb 17, 2026
Top ten holdings
Q4 2025- STUB5.74%
- FLUT5.15%
- CEG5.00%
- AMZN4.96%
- NVT4.15%
- SCHW4.11%
- CX3.39%
- FCX3.39%
- CRS3.29%
- PCG3.24%
Share classes counted separately42.42%
Portfolio value by quarter
What changed this quarter?
Within preview · weight change- TEVANWeight decreased · -5.48 pp7.50% → 2.02%Shares -16.92M (-81.68%)
- FLUTWeight increased · +2.41 pp2.74% → 5.15%Shares +798.30K (+132.73%)
- GRABWeight increased · +2.09 pp0.69% → 2.78%Shares +26.19M (+411.14%)
Weight = security value ÷ total reported holdings value. Changes are in percentage points; price moves also affect weights, so they are not trade sizes.
Top 10 holdings 25
USD · B = billion · M = million; expand a row for exact values| # | Security | Value | Weight | Quantity | Weight / quantity change | Activity | |
|---|---|---|---|---|---|---|---|
| 01 | STUBSTUBHUB HOLDINGS INC-CLASS ACL A View history and evidence | $335.86M | 5.74% | 24.82M shares | 6.25% → 5.74%-0.51 pp +4.12M (+19.88%) | Added | ↗▾ |
| 02 | FLUTFLUTTER ENTERTAINMENT PLC-DISHS View history and evidence | $301.00M | 5.15% | 1.40M shares | 2.74% → 5.15%+2.41 pp +798.30K (+132.73%) | Added | ↗▾ |
| 03 | CEGCONSTELLATION ENERGY View history and evidence | $292.38M | 5.00% | 827.63K shares | Prior unavailable +827.63K | New | ↗▾ |
| 04 | AMZNAMAZON.COM INC View history and evidence | $289.99M | 4.96% | 1.26M shares | 3.44% → 4.96%+1.52 pp +384.07K (+44.03%) | Added | ↗▾ |
| 05 | NVTNVENT ELECTRIC PLCSHS View history and evidence | $242.57M | 4.15% | 2.38M shares | 4.37% → 4.15%-0.22 pp -93.54K (-3.78%) | Reduced | ↗▾ |
| 06 | SCHWSCHWAB (CHARLES) CORP View history and evidence | $240.60M | 4.11% | 2.41M shares | 4.12% → 4.11%-0.01 pp 0 (0.00%) | Unchanged | ↗▾ |
| 07 | CXCEMEX SAB-SPONS ADR PART CERSPON ADR NEW View history and evidence | $198.58M | 3.39% | 17.28M shares | 2.70% → 3.39%+0.69 pp +552.49K (+3.30%) | Added | ↗▾ |
| 08 | FCXFREEPORT-MCMORAN INCCL B View history and evidence | $198.52M | 3.39% | 3.91M shares | Prior unavailable +3.91M | New | ↗▾ |
| 09 | CRSCARPENTER TECHNOLOGY View history and evidence | $192.75M | 3.29% | 612.21K shares | 3.69% → 3.29%-0.40 pp -225.91K (-26.95%) | Reduced | ↗▾ |
| 10 | PCGP G & E CORP View history and evidence | $189.55M | 3.24% | 11.79M shares | 3.79% → 3.24%-0.55 pp -2.23M (-15.88%) | Reduced | ↗▾ |
Options overlay 5
$941.52M notionalPut and Call positions are separate. Notional is based on underlying securities, not option premium, market value or net exposure. Quantities are underlying shares.
| Security | Put / Call | Underlying shares | Notional | Quantity change | |
|---|---|---|---|---|---|
SMHVANECK SEMICONDUCTOR ETFSEMICONDUCTR ETF View history and evidence | Put | 1.38M | $496.98M | +1.38M | ▾ |
CRSCARPENTER TECHNOLOGY View history and evidence | Call | 450.00K | $141.68M | +450.00K | ▾ |
TEVANTEVA PHARMACEUTICAL-SP ADRSPONSORED ADS View history and evidence | Call | 3.67M | $114.61M | 0 (0.00%) | ▾ |
3 / 5 options · preview only
Exited positions 15
| Security | Type | Shares out | Value out | Previous filing | This filing |
|---|---|---|---|---|---|
| GLW CORNING INC | Call | -4,200,000 | -$344.53M | SEC filing ↗ | SEC filing ↗ |
| PCG P G & E CORP | Call | -15,000,000 | -$226.20M | SEC filing ↗ | SEC filing ↗ |
| EEM ISHARES MSCI EMERGING MARKET | Call | -3,500,000 | -$186.90M | SEC filing ↗ | SEC filing ↗ |
3 / 15 preview exits. Up to 30 exit records are previewed. Exit means absent from the current filing; execution date, price and proceeds are unknown.
Every number has a source.
CIK 1509842 · Period 2025-12-31
Data loaded 2026-09-23 · First reported 2026-02-17
Amendments and versions
{
"amendments_merged": null,
"prior_versions": null,
"cover_table_value": 6791289893
}Research all 59 reported holdings.
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