In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), PointState Capital LP reported 44 stock positions worth $3.6 billion . Its top holding was Coupang (CPNG) at 8.6% of the portfolio, followed by Coherent (COHR, 7.2% ) and CRH (CRH, 6.6% ). Compared with Q2 2024, it opened 13 new positions, sold out of 21, added to 16 and reduced 10. The biggest buy was a new position in Live Nation Entertainment (LYV) and the biggest sale Amazon.com (AMZN, shares −75% ).
Location New York, NY
CIK 0001509842
Portfolio Value $3.6B (Q3 2024) Holdings 44 stocks · $3.6B 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 Q2 2024 CPNG Coupang Inc. 12,741,339 $312.8M Add +0.6% COHR Coherent Corp. 2,949,175 $262.2M Reduce -8.1% CRH CRH PLC 2,579,200 $239.2M Reduce -2.3% WCC Wesco International Inc. 1,342,986 $225.6M Add +32.9% MRVL Marvell Technology Inc. 2,858,082 $206.1M Add +24.4% TEVA Teva Pharmaceutical-SP ADR 9,758,344 $175.8M Add +6.7% FLUT Flutter Entertainment PLC-Di 717,596 $170.3M Add +71.4% EXPE Expedia Group Inc. 1,033,960 $153.0M Add +19.3% MSFT Microsoft Corp. 346,688 $149.2M Add +83.2% APO Apollo Global Management Inc. 1,180,399 $147.4M Add +8.8% DASH DoorDash Inc. Class A 871,263 $124.4M Add +63.2% KKR KKR & Co. Inc. 907,398 $118.5M Reduce -33.0% AVGO Broadcom Inc. 652,757 $112.6M Add +131.0% LYV Live Nation Entertainment Inc. 938,554 $102.8M New CNM Core & Main Inc. Class A 2,252,551 $100.0M New NTRA Natera Inc. 782,538 $99.3M Add +112.0% MAR Marriott International Class A 395,208 $98.2M New BAC Bank of America Corp. filed as BANK AMERICA CORP 2,454,233 $97.4M Add +28.1% PCOR Procore Technologies Inc. 1,317,334 $81.3M New ALV Autoliv Inc. 852,287 $79.6M Reduce -10.9% AMZN Amazon.com Inc. 281,938 $52.5M Reduce -75.4% ROIV Roivant Sciences Ltd. 4,107,852 $47.4M Reduce -8.4% ARMK Aramark 1,142,825 $44.3M Reduce -47.2% RBRK Rubrik Inc. Class A 1,258,656 $40.5M New VST Vistra Corp. 335,948 $39.8M New XME SS SPDR S&P Metals Mining 620,252 $39.5M New ILMN Illumina Inc. 302,281 $39.4M New TEAM Atlassian Corp. Class A 192,472 $30.6M New AXTA Axalta Coating Systems Ltd. 836,064 $30.3M New BAX Baxter International Inc. 762,745 $29.0M Reduce -67.9% GRAB Grab Holdings Ltd. Class A 6,971,499 $26.5M New GGAL Grupo Financiero Galicia-ADR 504,169 $21.2M Add +15.8% TECK Teck Resources Ltd.-CLS B 401,347 $21.0M Reduce -71.6% BRBR Bellring Brands Inc. 334,347 $20.3M No change BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A 1,664,893 $17.3M Add +14.2% BMA Banco Macro SA-ADR 270,924 $17.2M No change HCC Warrior Met Coal Inc. 211,707 $13.5M Add +30.2% BHC Bausch Health Cos Inc. 1,560,000 $12.7M No change VIST Vista Energy Sab DE CV 256,918 $11.4M Reduce -83.0% ALVO Alvotech SA 756,553 $9.0M Add +3.6% CCJ Cameco Corp. 174,360 $8.3M No change LLYVK Liberty Media Corp.-Liberty-C 81,114 $4.2M New SUPV Grupo Supervielle SA-SP ADR 473,337 $3.4M No change LLYVA Liberty Media Corp.-Liberty-A 37,820 $1.9M New
Options reported separately and not counted above: SPY puts ($1.2B), CRH calls ($185.5M), WCC calls ($167.1M), XLE puts ($149.3M), APO calls ($62.5M), TEVA calls ($45.0M), CPNG calls ($36.8M), SLV calls ($28.4M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $14.3M (not counted above) Security Class Shares / Principal Value Change WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) NOTE 1.750% 5/0 · principal 20,000,000 $14.3M New
Total filed on the 13F, all lines: $3.7B.
Portfolio Sells Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▲ AMZN Amazon.com Inc. Reduce -75.4% 1.44% −4.93 WDAY Workday Inc. Class A Sold out 0.00% −4.32 GEV GE Vernova Inc. Sold out 0.00% −4.20 FCX Freeport-McMoran Inc. Sold out 0.00% −2.13 AA Alcoa Corp. Sold out 0.00% −1.97 VIST Vista Energy Sab DE CV Reduce -83.0% 0.31% −1.67 BAX Baxter International Inc. Reduce -67.9% 0.80% −1.49 TMO Thermo Fisher Scientific Inc. Sold out 0.00% −1.44 LITE Lumentum Holdings Inc. Sold out 0.00% −1.39 TECK Teck Resources Ltd.-CLS B Reduce -71.6% 0.58% −1.38 EQT Eqt Corp. Sold out 0.00% −1.01 ARMK Aramark Reduce -47.2% 1.22% −0.91 KKR KKR & Co. Inc. Reduce -33.0% 3.26% −0.85 EXE Expand Energy Corp. Sold out 0.00% −0.78 ALV Autoliv Inc. Reduce -10.9% 2.19% −0.76 MBB iShares MBS ETF Sold out 0.00% −0.73 AMGN Amgen Inc. Sold out 0.00% −0.57 ULTA Ulta Beauty Inc. Sold out 0.00% −0.57 MKSI MKS Inc. Sold out 0.00% −0.55 ASML ASML Holding NV-NY Reg SHS Sold out 0.00% −0.51 EVRG Evergy Inc. Sold out 0.00% −0.40 PAM Pampa Energia SA-Spon ADR Sold out 0.00% −0.39 VRT Vertiv Holdings Co. Class A Sold out 0.00% −0.33 ICHR Ichor Holdings Ltd. Sold out 0.00% −0.33 BLCO Bausch + Lomb Corp. Sold out 0.00% −0.27 ARCH Arch Resources Inc. Sold out 0.00% −0.27 WDC Western Digital Corp. Sold out 0.00% −0.23 CFLT Confluent Inc. Class A Sold out 0.00% −0.16 ROIV Roivant Sciences Ltd. Reduce -8.4% 1.30% −0.06 COHR Coherent Corp. Reduce -8.1% 7.21% +0.51 CRH CRH PLC Reduce -2.3% 6.58% +0.87
Portfolio Buys Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▼ LYV Live Nation Entertainment Inc. New 2.83% +2.83 CNM Core & Main Inc. Class A New 2.75% +2.75 MAR Marriott International Class A New 2.70% +2.70 FLUT Flutter Entertainment PLC-Di Add +71.4% 4.68% +2.48 PCOR Procore Technologies Inc. New 2.24% +2.24 AVGO Broadcom Inc. Add +131.0% 3.10% +1.79 DASH DoorDash Inc. Class A Add +63.2% 3.42% +1.75 MSFT Microsoft Corp. Add +83.2% 4.10% +1.67 WCC Wesco International Inc. Add +32.9% 6.20% +1.59 NTRA Natera Inc. Add +112.0% 2.73% +1.58 RBRK Rubrik Inc. Class A New 1.11% +1.11 VST Vistra Corp. New 1.09% +1.09 XME SS SPDR S&P Metals Mining New 1.09% +1.09 ILMN Illumina Inc. New 1.08% +1.08 EXPE Expedia Group Inc. Add +19.3% 4.21% +1.06 MRVL Marvell Technology Inc. Add +24.4% 5.67% +1.04 CPNG Coupang Inc. Add +0.6% 8.60% +0.96 TEAM Atlassian Corp. Class A New 0.84% +0.84 AXTA Axalta Coating Systems Ltd. New 0.83% +0.83 GRAB Grab Holdings Ltd. Class A New 0.73% +0.73 TEVA Teva Pharmaceutical-SP ADR Add +6.7% 4.84% +0.55 BAC Bank of America Corp. Add +28.1% 2.68% +0.48 APO Apollo Global Management Inc. Add +8.8% 4.05% +0.37 GGAL Grupo Financiero Galicia-ADR Add +15.8% 0.58% +0.20 LLYVK Liberty Media Corp.-Liberty-C New 0.11% +0.11 BBAR Bbva Argentina SA-ADR Add +14.2% 0.47% +0.09 HCC Warrior Met Coal Inc. Add +30.2% 0.37% +0.08 LLYVA Liberty Media Corp.-Liberty-A New 0.05% +0.05 ALVO Alvotech SA Add +3.6% 0.25% −0.01
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Add +143.1% 2,066,600 $1.2B CRH CRH PLC call New 2,000,000 $185.5M WCC Wesco International Inc. call Add +26.8% 995,000 $167.1M XLE SS Energy Select Sector put New 1,700,000 $149.3M MRVL Marvell Technology Inc. call Sold out 1,730,000 $120.9Mbefore exit AMZN Amazon.com Inc. call Sold out 400,000 $77.3Mbefore exit XLE SS Energy Select Sector call Sold out 600,000 $54.7Mbefore exit EXPE Expedia Group Inc. call Sold out 400,000 $50.4Mbefore exit LITE Lumentum Holdings Inc. call Sold out 750,000 $38.2Mbefore exit CPNG Coupang Inc. call New 1,500,000 $36.8M SLV iShares Silver Trust call Reduce -63.0% 1,000,000 $28.4M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2024 → Q3 2024 Security Class Change vs Q2 2024 Shares / Principal Value ▼ LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) NOTE 0.500% 6/1 · principal Sold out 26,500,000 $20.8Mbefore exit WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) NOTE 1.750% 5/0 · principal New 20,000,000 $14.3M WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) NOTE 0.250% 2/1 · principal Sold out 15,000,000 $8.8Mbefore exit
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