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PointState Capital LP

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13F filer, CIK 1509842, New York, NY

PointState Capital LP reported $6,698,460,282 across 57 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 50.1% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001193125-25-282906

Period
2025-09-30
Reported value
$6.7B
Holdings
57
Top 10 weight
50.1%
New
16
Sold out
12

Part of the filer group PointState Capital LP

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
STUBnew+20,706,003$349M
CRSadded+693,834$170M
NTRAadded+985,963$159M
RBRKnew+1,702,347$140M
TLNadded+284,588$121M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
LITEexited-2,532,821-$241M
BACexited-3,044,002-$144M
EWYexited-1,868,227-$134M
XYZexited-1,869,376-$127M
ILMNreduced-1,150,354-$109M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001193125-25-282906, largest first. % of portfolio is the value over $5,575,471,769, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
GLWCORNING INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 5,551,358 shares; 2025Q2: 6,157,637 shares; 2025Q3: 6,004,652 shares 6,004,652$493M8.83%-152,985Timeline
TEVATEVA PHARMACEUTICAL INDS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,758,344 shares; 2024Q4: 13,526,475 shares; 2025Q1: 15,131,488 shares; 2025Q2: 20,712,398 shares; 2025Q3: 20,712,398 shares 20,712,398$418M7.5%0Timeline
STUBSTUBHUB HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 20,706,003 shares 20,706,003$349M6.25%newTimeline
NVTNVENT ELEC PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 3,277,769 shares; 2025Q2: 2,488,702 shares; 2025Q3: 2,472,395 shares 2,472,395$244M4.37%-16,307Timeline
SCHWCHARLES SCHWAB CORP (THE)Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 3,206,059 shares; 2025Q1: 3,060,536 shares; 2025Q2: 2,408,147 shares; 2025Q3: 2,408,147 shares 2,408,147$230M4.12%0Timeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 376,362 shares; 2025Q2: 248,269 shares; 2025Q3: 532,857 shares 532,857$227M4.07%+284,588Timeline
COFCAPITAL ONE FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 785,088 shares; 2025Q1: 1,166,755 shares; 2025Q2: 1,035,510 shares; 2025Q3: 1,056,350 shares 1,056,350$225M4.03%+20,840Timeline
PCGPG&E CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 13,754,481 shares; 2025Q2: 13,668,440 shares; 2025Q3: 14,022,157 shares 14,022,157$211M3.79%+353,717Timeline
CRSCARPENTER TECHNOLOGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 144,289 shares; 2025Q3: 838,123 shares 838,123$206M3.69%+693,834Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 281,938 shares; 2024Q4: not reported; 2025Q1: 369,363 shares; 2025Q2: 879,395 shares; 2025Q3: 872,280 shares 872,280$192M3.44%-7,115Timeline
NTRANATERA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 782,538 shares; 2024Q4: 569,252 shares; 2025Q1: 755,729 shares; 2025Q2: 140,442 shares; 2025Q3: 1,126,405 shares 1,126,405$181M3.25%+985,963Timeline
ILMNILLUMINA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 302,281 shares; 2024Q4: 1,611,395 shares; 2025Q1: 2,516,827 shares; 2025Q2: 2,950,361 shares; 2025Q3: 1,800,007 shares 1,800,007$171M3.07%-1,150,354Timeline
CPNGCOUPANG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,741,339 shares; 2024Q4: 10,103,498 shares; 2025Q1: 9,845,936 shares; 2025Q2: 4,234,254 shares; 2025Q3: 5,089,150 shares 5,089,150$164M2.94%+854,896Timeline
RKTROCKET COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 3,529,268 shares; 2025Q3: 8,366,054 shares 8,366,054$162M2.91%+4,836,786Timeline
CRHCRH PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,579,200 shares; 2024Q4: 4,579,200 shares; 2025Q1: 2,395,065 shares; 2025Q2: 1,302,988 shares; 2025Q3: 1,308,329 shares 1,308,329$157M2.81%+5,341Timeline
FLUTFLUTTER ENTMT PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 717,596 shares; 2024Q4: 805,201 shares; 2025Q1: 544,704 shares; 2025Q2: 756,493 shares; 2025Q3: 601,433 shares 601,433$153M2.74%-155,060Timeline
CXCEMEX SAB DE CVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 19,974,901 shares; 2025Q3: 16,730,759 shares 16,730,759$150M2.7%-3,244,142Timeline
CCCCCC INTELLIGENT SOLUTIONS HLQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 10,093,001 shares; 2025Q3: 16,365,086 shares 16,365,086$149M2.67%+6,272,085Timeline
WCCWESCO INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,342,986 shares; 2024Q4: 1,609,248 shares; 2025Q1: 1,758,611 shares; 2025Q2: 278,594 shares; 2025Q3: 689,098 shares 689,098$146M2.61%+410,504Timeline
RBRKRUBRIK INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,258,656 shares; 2024Q4: 1,523,808 shares; 2025Q1: 1,330,301 shares; 2025Q2: not reported; 2025Q3: 1,702,347 shares 1,702,347$140M2.51%newTimeline
GLNGGOLAR LNG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,200,555 shares; 2025Q1: 1,858,075 shares; 2025Q2: 2,808,447 shares; 2025Q3: 3,295,023 shares 3,295,023$133M2.39%+486,576Timeline
ARMKARAMARKQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,142,825 shares; 2024Q4: 2,690,617 shares; 2025Q1: 2,956,147 shares; 2025Q2: 2,715,035 shares; 2025Q3: 3,255,668 shares 3,255,668$125M2.24%+540,633Timeline
CAICARIS LIFE SCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,498,357 shares; 2025Q3: 3,883,721 shares 3,883,721$117M2.11%+1,385,364Timeline
EXPEEXPEDIA GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,033,960 shares; 2024Q4: 1,107,513 shares; 2025Q1: 536,298 shares; 2025Q2: 310,882 shares; 2025Q3: 427,789 shares 427,789$91.4M1.64%+116,907Timeline
OKTAOKTA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 742,197 shares; 2025Q2: 719,824 shares; 2025Q3: 981,850 shares 981,850$90M1.61%+262,026Timeline
WAYWAYSTAR HLDG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,099,772 shares 2,099,772$79.6M1.43%newTimeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 346,688 shares; 2024Q4: 351,997 shares; 2025Q1: 261,139 shares; 2025Q2: not reported; 2025Q3: 107,665 shares 107,665$55.8M1%newTimeline
RGENREPLIGEN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 409,503 shares 409,503$54.7M0.98%newTimeline
APPAPPLOVIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 72,266 shares 72,266$51.9M0.93%newTimeline
WABWABTECQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 257,970 shares 257,970$51.7M0.93%newTimeline
IOTSAMSARA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,203,282 shares 1,203,282$44.8M0.8%newTimeline
GRABGRAB HOLDINGS LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,971,499 shares; 2024Q4: 23,344,305 shares; 2025Q1: 35,148,819 shares; 2025Q2: 12,356,323 shares; 2025Q3: 6,369,154 shares 6,369,154$38.3M0.69%-5,987,169Timeline
RBLXROBLOX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 69,356 shares; 2025Q3: 244,877 shares 244,877$33.9M0.61%+175,521Timeline
EXEEXPAND ENERGY CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 619,191 shares; 2025Q3: 266,486 shares 266,486$28.3M0.51%-352,705Timeline
ROIVROIVANT SCIENCES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,107,852 shares; 2024Q4: 3,297,449 shares; 2025Q1: 2,715,123 shares; 2025Q2: 2,426,563 shares; 2025Q3: 1,791,440 shares 1,791,440$27.1M0.49%-635,123Timeline
COHRCOHERENT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,949,175 shares; 2024Q4: 2,041,367 shares; 2025Q1: 650,490 shares; 2025Q2: 693,231 shares; 2025Q3: 209,458 shares 209,458$22.6M0.4%-483,773Timeline
PINSPINTEREST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 693,103 shares 693,103$22.3M0.4%newTimeline
TSEMTOWER SEMICONDUCTOR LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 283,504 shares 283,504$20.5M0.37%newTimeline
GGALGRUPO FINANCIERO GALICIA S.AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 504,169 shares; 2024Q4: 577,337 shares; 2025Q1: 1,504,157 shares; 2025Q2: 1,598,899 shares; 2025Q3: 588,619 shares 588,619$16.2M0.29%-1,010,280Timeline
EQTEQT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 447,869 shares; 2025Q3: 259,314 shares 259,314$14.1M0.25%-188,555Timeline
BBARBANCO BBVA ARGENTINA S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,664,893 shares; 2024Q4: 2,458,304 shares; 2025Q1: 3,346,539 shares; 2025Q2: 3,691,574 shares; 2025Q3: 1,662,060 shares 1,662,060$13.8M0.25%-2,029,514Timeline
VSTVISTRA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 335,948 shares; 2024Q4: 929,533 shares; 2025Q1: 415,201 shares; 2025Q2: 62,872 shares; 2025Q3: 62,872 shares 62,872$12.3M0.22%0Timeline
NRGNRG ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 66,812 shares 66,812$10.8M0.19%newTimeline
METCRAMACO RES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 325,946 shares 325,946$10.8M0.19%newTimeline
BMABANCO MACRO S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 270,924 shares; 2024Q4: 339,020 shares; 2025Q1: 251,391 shares; 2025Q2: 435,374 shares; 2025Q3: 233,733 shares 233,733$9.88M0.18%-201,641Timeline
ALVOALVOTECHQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 756,553 shares; 2024Q4: 1,241,379 shares; 2025Q1: 1,174,339 shares; 2025Q2: 1,049,039 shares; 2025Q3: 1,049,039 shares 1,049,039$8.59M0.15%0Timeline
SRESEMPRAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,163,241 shares; 2025Q2: 76,129 shares; 2025Q3: 76,129 shares 76,129$6.85M0.12%0Timeline
SUPVGRUPO SUPERVIELLE S.A.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 473,337 shares; 2024Q4: 1,896,720 shares; 2025Q1: 2,467,243 shares; 2025Q2: 3,541,799 shares; 2025Q3: 836,762 shares 836,762$4.14M0.07%-2,705,037Timeline
LOMALOMA NEGRA C I A S A MTN 14Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 327,443 shares 327,443$2.41M0.04%newTimeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
GLWCORNING INC COMcall4,200,000$345M0
PCGPG&E CORP Stockcall15,000,000$226M+1,000,000
EEMISHARES TR MSCI EMG MKT ETFcall3,500,000$187Mnew
ILMNILLUMINA INC COMcall1,646,900$156M+12,400
CXCEMEX SAB DE CV ADRcall9,000,000$80.9Mnew
TEVATEVA PHARMACEUTICAL INDS LTD ADRcall3,672,100$74.2M0
XLFSELECT SECTOR SPDR TR SHScall1,000,000$53.9Mnew

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
PG&E CORPPG&E CORP NOTE 4.250%12/0principal10,000,000$10.1M-40,000,000

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
SPYSTATE STR SPDR S&P 500 ETF T2,000,000$1.24Bput
LITELUMENTUM HLDGS INC2,532,821$241Mshares
BACBANK OF AMER CORP3,044,002$144Mshares
EWYISHARES INC1,868,227$134Mshares
XYZBLOCK INC1,869,376$127Mshares
CYBERARK SOFTWARE LTD/ISRAELCYBERARK SOFTWARE LTD/ISRAEL141,435$57.5Mshares
DDOGDATADOG INC239,108$32.1Mshares
AMRZAMRIZE LTD578,633$28.7Mshares
FRPTFRESHPET INC357,092$24.3Mshares
NVDANVIDIA CORPORATION129,695$20.5Mshares
GRABGRAB HOLDINGS LIMITED3,000,000$15.1Mput
DHTDHT HOLDINGS INC885,740$9.57Mshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001193125-25-282906 base2025-11-14acceptance time not in the bulk data set