PointState Capital LP
•CIK: 1509842•Filing: Q4 2025
PointState Capital LP, managed by the seasoned duo of John Hempton and Andrew Toth, currently oversees $6.2 billion in assets with a focus on concentrated, high-conviction bets, as evidenced by its 55 positions. Recently, the fund has made notable moves by adding SMH, CEG, and FCX, while exiting EEM and EXPE, and significantly increasing stakes in BMA and LOMA, reflecting its strategy of capitalizing on undervalued opportunities and market inefficiencies.
Total AUM
$5.3B
+ $856.7M in options
QoQ Performance
+5.3%
Positions
50
+ 4 options
Top 10 Concentration
44.7%
Latest Filing
Q4 2025
Top Holdings Allocation
SMH
STUB
SMH8.0%
STUB5.4%
FLUT4.9%
CEG4.7%
AMZN4.7%
NVT3.9%
SCHW3.9%
FCX3.2%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Other83.1%
Financial8.1%
Consumer4.7%
Materials3.9%
Industrial0.2%
🚪 Exited Positionssold since Q3 2025
+7 more exited positions
Changes from Q3 2025
NEW15 new positions
↑22 increased
↓15 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023