In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), PointState Capital LP reported 48 stock positions worth $3.3 billion . Its top holding was Coupang (CPNG) at 8.3% of the portfolio, followed by Aramark (ARMK, 7.5% ) and Amazon.com (AMZN, 6.7% ). Compared with Q4 2023, it opened 23 new positions, sold out of 23, added to 7 and reduced 15. The biggest buy was a new position in Freeport-McMoran (FCX) and the biggest sale an exit from Lamb Weston (LW).
Location New York, NY
CIK 0001509842
Portfolio Value $3.3B (Q1 2024) Holdings 48 stocks · $3.3B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 CPNG Coupang Inc. 15,471,798 $275.2M Add +8.8% ARMK Aramark 7,647,213 $248.7M Add +49.1% AMZN Amazon.com Inc. 1,225,956 $221.1M Reduce -1.4% MSFT Microsoft Corp. 480,979 $202.4M Add +29.3% FCX Freeport-McMoran Inc. 3,747,991 $176.2M New AVGO Broadcom Inc. 105,975 $140.5M New ALV Autoliv Inc. 1,113,483 $134.1M Reduce -5.9% COHR Coherent Corp. 2,044,123 $123.9M New MRVL Marvell Technology Inc. 1,725,049 $122.3M New APO Apollo Global Management Inc. 1,084,466 $121.9M Reduce -23.3% ORCL Oracle Corp. 848,968 $106.6M New EXPE Expedia Group Inc. 691,723 $95.3M New BAX Baxter International Inc. 1,925,811 $82.3M Reduce -43.4% VST Vistra Corp. 1,072,808 $74.7M Add +187.1% TEVA Teva Pharmaceutical-SP ADR 5,104,969 $72.0M New VIST Vista Energy Sab DE CV 1,723,142 $71.3M Reduce -7.7% TECK Teck Resources Ltd.-CLS B 1,465,451 $67.1M No change CFLT Confluent Inc. Class A 2,195,456 $67.0M New SCHW Schwab (charles) Corp. 913,556 $66.1M Reduce -61.1% PCOR Procore Technologies Inc. 775,142 $63.7M New TMO Thermo Fisher Scientific Inc. 108,332 $63.0M New WDAY Workday Inc. Class A 227,292 $62.0M New AA Alcoa Corp. 1,782,371 $60.2M Reduce -16.5% LYV Live Nation Entertainment Inc. 527,288 $55.8M New CRM Salesforce Inc. 176,631 $53.2M New FISV Fiserv Inc. 324,119 $51.8M Reduce -69.2% MDB Mongodb Inc. 140,506 $50.4M New LITE Lumentum Holdings Inc. 946,308 $44.8M New ROIV Roivant Sciences Ltd. 4,046,485 $42.6M New KKR KKR & Co. Inc. 402,749 $40.5M New MU Micron Technology Inc. 261,849 $30.9M New PAM Pampa Energia SA-Spon ADR 619,805 $26.7M No change TSM Taiwan Semiconductor-SP ADR 168,280 $22.9M Reduce -76.0% CEG Constellation Energy 109,464 $20.2M Reduce -61.3% PCG P G & E Corp. 1,204,440 $20.2M Reduce -49.9% MKSI MKS Inc. filed as MKS INSTRS INC 146,204 $19.4M Add +48.5% EVRG Evergy Inc. 259,681 $13.9M Add +48.0% ICHR Ichor Holdings Ltd. 294,118 $11.4M Add +154.1% VRT Vertiv Holdings Co. Class A 132,626 $10.8M Reduce -94.8% PEG Public Service Enterprise GP 160,859 $10.7M New HCC Warrior Met Coal Inc. 170,620 $10.4M New ARCH Arch Resources Inc. 64,183 $10.3M New NGG National Grid PLC-SP ADR 150,263 $10.3M New BRBR Bellring Brands Inc. 166,279 $9.8M New CCJ Cameco Corp. 182,940 $7.9M Reduce -58.5% UBS UBS Group AG-Reg 237,382 $7.3M Reduce -60.1% NEE Nextera Energy Inc. 83,223 $5.3M Reduce -3.0% TX Ternium SA-Sponsored ADR 73,564 $3.1M No change
Options reported separately and not counted above: QQQ puts ($1.1B), IWM puts ($441.6M), SPY puts ($418.5M), CPNG calls ($134.3M), MRVL calls ($94.3M), BAX calls ($85.5M), APO calls ($56.2M), EXPE calls ($55.1M), ORCL calls ($45.2M), SCHW calls ($36.2M), IBM puts ($32.5M), EWZ calls ($25.9M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $16.7M (not counted above) Total filed on the 13F, all lines: $3.3B.
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ LW Lamb Weston Holdings Inc. Sold out 0.00% −4.68 VRT Vertiv Holdings Co. Class A Reduce -94.8% 0.33% −4.07 SCHW Schwab (charles) Corp. Reduce -61.1% 2.00% −3.80 LVS Las Vegas Sands Corp. Sold out 0.00% −3.80 EWZ iShares MSCI Brazil ETF Sold out 0.00% −3.71 TMUS T-Mobile US Inc. Sold out 0.00% −3.50 FISV Fiserv Inc. Reduce -69.2% 1.57% −3.45 VSTS Vestis Corp. Sold out 0.00% −2.38 BAX Baxter International Inc. Reduce -43.4% 2.49% −2.23 TSM Taiwan Semiconductor-SP ADR Reduce -76.0% 0.69% −1.93 FTI Technipfmc PLC Sold out 0.00% −1.68 RIG Transocean Ltd. Sold out 0.00% −1.39 CNQ Canadian Natural Resources Sold out 0.00% −1.19 APTV Aptiv Irish Holdings Ltd. Sold out 0.00% −1.11 FYBR Frontier Communications Pare Sold out 0.00% −1.09 APO Apollo Global Management Inc. Reduce -23.3% 3.69% −1.04 PCG P G & E Corp. Reduce -49.9% 0.61% −0.94 AA Alcoa Corp. Reduce -16.5% 1.82% −0.78 ETR Entergy Corp. Sold out 0.00% −0.72 MBB iShares MBS ETF Sold out 0.00% −0.72 FUL H.B. Fuller Co. Sold out 0.00% −0.65 ALV Autoliv Inc. Reduce -5.9% 4.05% −0.62 CEG Constellation Energy Reduce -61.3% 0.61% −0.57 MTZ Mastec Inc. Sold out 0.00% −0.51 CCJ Cameco Corp. Reduce -58.5% 0.24% −0.44 UBS UBS Group AG-Reg Reduce -60.1% 0.22% −0.44 CVE Cenovus Energy Inc. Sold out 0.00% −0.44 CPT Camden Property Trust Sold out 0.00% −0.40 SVC Service Pptys TR Sold out 0.00% −0.37 KEY Keycorp Sold out 0.00% −0.31 NE Noble Corp. PLC Sold out 0.00% −0.22 TDW Tidewater Inc. Sold out 0.00% −0.19 AMZN Amazon.com Inc. Reduce -1.4% 6.68% −0.09 RPM RPM International Inc. Sold out 0.00% −0.08 ALLY Ally Financial Inc. Sold out 0.00% −0.07 NEXT Nextdecade Corp. Sold out 0.00% −0.03 NEE Nextera Energy Inc. Reduce -3.0% 0.16% −0.03 VIST Vista Energy Sab DE CV Reduce -7.7% 2.16% +0.18
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ FCX Freeport-McMoran Inc. New 5.33% +5.33 AVGO Broadcom Inc. New 4.25% +4.25 COHR Coherent Corp. New 3.75% +3.75 MRVL Marvell Technology Inc. New 3.70% +3.70 ORCL Oracle Corp. New 3.22% +3.22 EXPE Expedia Group Inc. New 2.88% +2.88 ARMK Aramark Add +49.1% 7.52% +2.35 TEVA Teva Pharmaceutical-SP ADR New 2.18% +2.18 CFLT Confluent Inc. Class A New 2.03% +2.03 PCOR Procore Technologies Inc. New 1.93% +1.93 TMO Thermo Fisher Scientific Inc. New 1.90% +1.90 WDAY Workday Inc. Class A New 1.87% +1.87 VST Vistra Corp. Add +187.1% 2.26% +1.74 LYV Live Nation Entertainment Inc. New 1.69% +1.69 CRM Salesforce Inc. New 1.61% +1.61 MDB Mongodb Inc. New 1.52% +1.52 LITE Lumentum Holdings Inc. New 1.35% +1.35 ROIV Roivant Sciences Ltd. New 1.29% +1.29 KKR KKR & Co. Inc. New 1.22% +1.22 MSFT Microsoft Corp. Add +29.3% 6.12% +1.10 MU Micron Technology Inc. New 0.93% +0.93 PEG Public Service Enterprise GP New 0.32% +0.32 HCC Warrior Met Coal Inc. New 0.31% +0.31 ARCH Arch Resources Inc. New 0.31% +0.31 NGG National Grid PLC-SP ADR New 0.31% +0.31 BRBR Bellring Brands Inc. New 0.30% +0.30 MKSI MKS Inc. Add +48.5% 0.59% +0.22 ICHR Ichor Holdings Ltd. Add +154.1% 0.34% +0.20 EVRG Evergy Inc. Add +48.0% 0.42% +0.09 CPNG Coupang Inc. Add +8.8% 8.32% +0.07
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ QQQ Invesco QQQ Trust Series 1 put New 2,462,700 $1.1B IWM iShares Russell 2000 ETF put New 2,100,000 $441.6M SPY SS SPDR S&P 500 ETF Trust-US put Reduce -38.5% 800,000 $418.5M AMZN Amazon.com Inc. call Sold out 1,000,000 $151.9Mbefore exit MSFT Microsoft Corp. call Sold out 400,000 $150.4Mbefore exit MRVL Marvell Technology Inc. call New 1,330,000 $94.3M BAX Baxter International Inc. call New 2,000,000 $85.5M TAN Invesco Solar ETF put Sold out 1,500,000 $80.0Mbefore exit BAC Bank of America Corp. call Sold out 2,200,000 $74.1Mbefore exit APO Apollo Global Management Inc. call New 500,000 $56.2M EXPE Expedia Group Inc. call New 400,000 $55.1M ORCL Oracle Corp. call New 360,000 $45.2M SCHW Schwab (charles) Corp. call Reduce -50.0% 500,000 $36.2M EWZ iShares MSCI Brazil ETF call Reduce -44.4% 800,000 $25.9M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2023 → Q1 2024 Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 41 $5.7B PCG, AMZN, DASH, GRAB, CX Q1 2026 42 $4.3B PCG, CX, DASH, NVT, XYZ Q4 2025 53 $5.8B STUB, FLUT, CEG, AMZN, NVT Q3 2025 49 $5.6B GLW, TEVA, STUB, NVT, SCHW Q2 2025 46 $4.6B TEVA, GLW, ILMN, LITE, COF Q1 2025 38 $4.5B WCC, GLW, SCHW, PCG, TEVA Q4 2024 40 $4.4B CRH, TEVA, WCC, SCHW, CPNG Q3 2024 44 $3.6B CPNG, COHR, CRH, WCC, MRVL Q2 2024 52 $3.5B CPNG, COHR, AMZN, CRH, MRVL Q1 2024 48 $3.3B CPNG, ARMK, AMZN, MSFT, FCX