In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), PointState Capital LP reported 52 stock positions worth $3.5 billion . Its top holding was Coupang (CPNG) at 7.6% of the portfolio, followed by Coherent (COHR, 6.7% ) and Amazon.com (AMZN, 6.4% ). Compared with Q1 2024, it opened 21 new positions, sold out of 17, added to 9 and reduced 16. The biggest buy was a new position in CRH (CRH) and the biggest sale Aramark (ARMK, shares −72% ).
Location New York, NY
CIK 0001509842
Portfolio Value $3.5B (Q2 2024) Holdings 52 stocks · $3.5B 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 Q1 2024 CPNG Coupang Inc. 12,661,906 $265.3M Reduce -18.2% COHR Coherent Corp. 3,208,096 $232.5M Add +56.9% AMZN Amazon.com Inc. 1,145,904 $221.4M Reduce -6.5% CRH CRH PLC 2,640,943 $198.0M New MRVL Marvell Technology Inc. 2,296,884 $160.6M Add +33.1% WCC Wesco International Inc. 1,010,571 $160.2M New WDAY Workday Inc. Class A 671,260 $150.1M Add +195.3% TEVA Teva Pharmaceutical-SP ADR 9,146,723 $148.6M Add +79.2% GEV GE Vernova Inc. 850,293 $145.8M New KKR KKR & Co. Inc. 1,354,151 $142.5M Add +236.2% APO Apollo Global Management Inc. 1,084,466 $128.0M No change EXPE Expedia Group Inc. 866,570 $109.2M Add +25.3% ALV Autoliv Inc. 956,248 $102.3M Reduce -14.1% MSFT Microsoft Corp. 189,212 $84.6M Reduce -60.7% BAX Baxter International Inc. 2,377,196 $79.5M Add +23.4% FLUT Flutter Entertainment PLC-Di 418,596 $76.3M New BAC Bank of America Corp. filed as BANK AMERICA CORP 1,916,335 $76.2M New FCX Freeport-McMoran Inc. 1,520,337 $73.9M Reduce -59.4% ARMK Aramark 2,165,910 $73.7M Reduce -71.7% VIST Vista Energy Sab DE CV 1,509,558 $68.7M Reduce -12.4% AA Alcoa Corp. 1,718,203 $68.4M Reduce -3.6% TECK Teck Resources Ltd.-CLS B 1,415,400 $67.8M Reduce -3.4% DASH DoorDash Inc. Class A 533,988 $58.1M New TMO Thermo Fisher Scientific Inc. 90,154 $49.9M Reduce -16.8% LITE Lumentum Holdings Inc. 946,308 $48.2M No change ROIV Roivant Sciences Ltd. 4,484,698 $47.4M Add +10.8% AVGO Broadcom Inc. 28,254 $45.4M Reduce -73.3% NTRA Natera Inc. 369,070 $40.0M New EQT Eqt Corp. 944,407 $34.9M New EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP 328,871 $27.0M New MBB iShares MBS ETF 274,678 $25.2M New AMGN Amgen Inc. 63,517 $19.8M New ULTA Ulta Beauty Inc. 51,310 $19.8M New BRBR Bellring Brands Inc. 334,347 $19.1M Add +101.1% MKSI MKS Inc. filed as MKS INSTRS INC 146,204 $19.1M No change ASML ASML Holding NV-NY Reg SHS 17,302 $17.7M New BMA Banco Macro SA-ADR 270,924 $15.5M New EVRG Evergy Inc. 259,681 $13.8M No change PAM Pampa Energia SA-Spon ADR 309,429 $13.7M Reduce -50.1% BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A 1,458,494 $13.5M New GGAL Grupo Financiero Galicia-ADR 435,511 $13.3M New VRT Vertiv Holdings Co. Class A 132,626 $11.5M No change ICHR Ichor Holdings Ltd. 294,118 $11.3M No change BHC Bausch Health Cos Inc. 1,560,000 $10.9M New HCC Warrior Met Coal Inc. 162,610 $10.2M Reduce -4.7% BLCO Bausch + Lomb Corp. 648,500 $9.4M New ARCH Arch Resources Inc. 61,163 $9.3M Reduce -4.7% ALVO Alvotech SA 730,072 $8.9M New CCJ Cameco Corp. 174,360 $8.6M Reduce -4.7% WDC Western Digital Corp. 106,964 $8.1M New CFLT Confluent Inc. Class A 185,897 $5.5M Reduce -91.5% SUPV Grupo Supervielle SA-SP ADR 473,337 $3.2M New
Options reported separately and not counted above: SPY puts ($462.6M), WCC calls ($124.4M), MRVL calls ($120.9M), AMZN calls ($77.3M), SLV calls ($71.7M), APO calls ($59.0M), XLE calls ($54.7M), EXPE calls ($50.4M), TEVA calls ($40.6M), LITE calls ($38.2M).
Other holdings (2): bonds, preferreds, convertibles and warrants · $29.6M (not counted above) Security Class Shares / Principal Value Change LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) NOTE 0.500% 6/1 · principal 26,500,000 $20.8M Add +23.3% WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) NOTE 0.250% 2/1 · principal 15,000,000 $8.8M New
Total filed on the 13F, all lines: $3.5B.
Portfolio Sells Q1 2024 → Q2 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 Q1 2024 % Of Portfolio Change To Portfolio ▲ ARMK Aramark Reduce -71.7% 2.12% −5.39 MSFT Microsoft Corp. Reduce -60.7% 2.44% −3.68 ORCL Oracle Corp. Sold out 0.00% −3.22 FCX Freeport-McMoran Inc. Reduce -59.4% 2.13% −3.20 AVGO Broadcom Inc. Reduce -73.3% 1.31% −2.94 VST Vistra Corp. Sold out 0.00% −2.26 SCHW Schwab (charles) Corp. Sold out 0.00% −2.00 PCOR Procore Technologies Inc. Sold out 0.00% −1.93 CFLT Confluent Inc. Class A Reduce -91.5% 0.16% −1.87 LYV Live Nation Entertainment Inc. Sold out 0.00% −1.69 CRM Salesforce Inc. Sold out 0.00% −1.61 FISV Fiserv Inc. Sold out 0.00% −1.57 MDB Mongodb Inc. Sold out 0.00% −1.52 ALV Autoliv Inc. Reduce -14.1% 2.95% −1.11 MU Micron Technology Inc. Sold out 0.00% −0.93 TSM Taiwan Semiconductor-SP ADR Sold out 0.00% −0.69 CPNG Coupang Inc. Reduce -18.2% 7.64% −0.68 CEG Constellation Energy Sold out 0.00% −0.61 PCG P G & E Corp. Sold out 0.00% −0.61 TMO Thermo Fisher Scientific Inc. Reduce -16.8% 1.44% −0.47 PAM Pampa Energia SA-Spon ADR Reduce -50.1% 0.39% −0.41 PEG Public Service Enterprise GP Sold out 0.00% −0.32 NGG National Grid PLC-SP ADR Sold out 0.00% −0.31 AMZN Amazon.com Inc. Reduce -6.5% 6.38% −0.31 UBS UBS Group AG-Reg Sold out 0.00% −0.22 VIST Vista Energy Sab DE CV Reduce -12.4% 1.98% −0.18 NEE Nextera Energy Inc. Sold out 0.00% −0.16 TX Ternium SA-Sponsored ADR Sold out 0.00% −0.09 TECK Teck Resources Ltd.-CLS B Reduce -3.4% 1.95% −0.07 ARCH Arch Resources Inc. Reduce -4.7% 0.27% −0.04 HCC Warrior Met Coal Inc. Reduce -4.7% 0.29% −0.02 CCJ Cameco Corp. Reduce -4.7% 0.25% +0.01 AA Alcoa Corp. Reduce -3.6% 1.97% +0.15
Portfolio Buys Q1 2024 → Q2 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 Q1 2024 % Of Portfolio Change To Portfolio ▼ CRH CRH PLC New 5.70% +5.70 WCC Wesco International Inc. New 4.61% +4.61 GEV GE Vernova Inc. New 4.20% +4.20 COHR Coherent Corp. Add +56.9% 6.70% +2.95 KKR KKR & Co. Inc. Add +236.2% 4.10% +2.88 WDAY Workday Inc. Class A Add +195.3% 4.32% +2.45 FLUT Flutter Entertainment PLC-Di New 2.20% +2.20 BAC Bank of America Corp. New 2.20% +2.20 TEVA Teva Pharmaceutical-SP ADR Add +79.2% 4.28% +2.10 DASH DoorDash Inc. Class A New 1.67% +1.67 NTRA Natera Inc. New 1.15% +1.15 EQT Eqt Corp. New 1.01% +1.01 MRVL Marvell Technology Inc. Add +33.1% 4.62% +0.93 EXE Expand Energy Corp. New 0.78% +0.78 MBB iShares MBS ETF New 0.73% +0.73 AMGN Amgen Inc. New 0.57% +0.57 ULTA Ulta Beauty Inc. New 0.57% +0.57 ASML ASML Holding NV-NY Reg SHS New 0.51% +0.51 BMA Banco Macro SA-ADR New 0.45% +0.45 BBAR Bbva Argentina SA-ADR New 0.39% +0.39 GGAL Grupo Financiero Galicia-ADR New 0.38% +0.38 BHC Bausch Health Cos Inc. New 0.31% +0.31 BLCO Bausch + Lomb Corp. New 0.27% +0.27 EXPE Expedia Group Inc. Add +25.3% 3.14% +0.26 ALVO Alvotech SA New 0.26% +0.26 BRBR Bellring Brands Inc. Add +101.1% 0.55% +0.25 WDC Western Digital Corp. New 0.23% +0.23 SUPV Grupo Supervielle SA-SP ADR New 0.09% +0.09 ROIV Roivant Sciences Ltd. Add +10.8% 1.37% +0.08 BAX Baxter International Inc. Add +23.4% 2.29% −0.20
Options Activity Q1 2024 → Q2 2024 Security Type Change vs Q1 2024 Underlying Shares Value ▼ QQQ Invesco QQQ Trust Series 1 put Sold out 2,462,700 $1.1Bbefore exit SPY SS SPDR S&P 500 ETF Trust-US put Add +6.3% 850,000 $462.6M IWM iShares Russell 2000 ETF put Sold out 2,100,000 $441.6Mbefore exit CPNG Coupang Inc. call Sold out 7,550,000 $134.3Mbefore exit WCC Wesco International Inc. call New 785,000 $124.4M MRVL Marvell Technology Inc. call Add +30.1% 1,730,000 $120.9M BAX Baxter International Inc. call Sold out 2,000,000 $85.5Mbefore exit AMZN Amazon.com Inc. call New 400,000 $77.3M SLV iShares Silver Trust call New 2,700,000 $71.7M XLE SS Energy Select Sector call New 600,000 $54.7M ORCL Oracle Corp. call Sold out 360,000 $45.2Mbefore exit TEVA Teva Pharmaceutical-SP ADR call New 2,500,000 $40.6M LITE Lumentum Holdings Inc. call New 750,000 $38.2M SCHW Schwab (charles) Corp. call Sold out 500,000 $36.2Mbefore exit IBM Intl Business Machines Corp. put Sold out 170,000 $32.5Mbefore exit EWZ iShares MSCI Brazil ETF call Sold out 800,000 $25.9Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2024 → Q2 2024 Security Class Change vs Q1 2024 Shares / Principal Value ▼ LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) NOTE 0.500% 6/1 · principal Add +23.3% 26,500,000 $20.8M WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) NOTE 0.250% 2/1 · principal New 15,000,000 $8.8M
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