Pointstate Capital L.P. 13F annual report

Pointstate Capital L.P. is an investment fund managing more than $2.62 trillion ran by Zachary Klensch. There are currently 48 companies in Mr. Klensch’s portfolio. The largest investments include T-Mobile US and Aramark, together worth $446 billion.

Limited to 30 biggest holdings

$2.62 trillion Assets Under Management (AUM)

As of 7th August 2023, Pointstate Capital L.P.’s top holding is 2,007,859 shares of T-Mobile US currently worth over $279 billion and making up 10.6% of the portfolio value. Relative to the number of outstanding shares of T-Mobile US, Pointstate Capital L.P. owns less than approximately 0.1% of the company. In addition, the fund holds 3,890,960 shares of Aramark worth $168 billion, whose value grew 0.5% in the past six months. The third-largest holding is Vertiv Co worth $158 billion and the next is Fiserv worth $156 billion, with 1,234,636 shares owned.

Currently, Pointstate Capital L.P.'s portfolio is worth at least $2.62 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Pointstate Capital L.P.

The Pointstate Capital L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Zachary Klensch serves as the Chief Financial Officer at Pointstate Capital L.P..

Recent trades

In the most recent 13F filing, Pointstate Capital L.P. revealed that it had opened a new position in Coupang and bought 8,748,709 shares worth $152 billion. This means they effectively own approximately 0.1% of the company. Coupang makes up 29.7% of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year.

The investment fund also strengthened its position in T-Mobile US by buying 607,830 additional shares. This makes their stake in T-Mobile US total 2,007,859 shares worth $279 billion. T-Mobile US dropped approximately 0.1% in the past year.

On the other hand, there are companies that Pointstate Capital L.P. is getting rid of from its portfolio. Pointstate Capital L.P. closed its position in Dominion Inc on 14th August 2023. It sold the previously owned 816,594 shares for $50.1 billion. Zachary Klensch also disclosed a decreased stake in Amazon.com by 0.3%. This leaves the value of the investment at $132 billion and 1,009,301 shares.

One of the largest hedge funds

The two most similar investment funds to Pointstate Capital L.P. are Platinum Investment Management Ltd and Massmutual Trust Co Fsb/adv. They manage $2.62 trillion and $2.62 trillion respectively.

Zachary Klensch investment strategy

Pointstate Capital L.P.’s portfolio is diversified across 11 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 19.5% of the total portfolio value. The fund focuses on investments in the United States as 54.2% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 40% of the total holdings value. On the other hand, small-cap stocks make up only 2.1% of the portfolio. The average market cap of the portfolio companies is close to $45.7 billion.

The complete list of Pointstate Capital L.P. trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
T-Mobile US, Inc.	43.42% 2,007,859	$278,891,615,000	10.63%
Aramark	16.09% 3,890,960	$167,505,828,000	6.38%
Vertiv Holdings Co	15.82% 6,387,157	$158,209,879,000	6.03%
Fiserv, Inc.	126.55% 1,234,636	$155,749,331,000	5.94%
Coupang, Inc.	Opened 8,748,709	$152,227,537,000	5.80%
Amazon.com Inc.	28.79% 1,009,301	$131,572,478,000	5.01%
Baxter International Inc.	Opened 2,821,644	$128,554,101,000	4.90%
Lamb Weston Holdings Inc	47.36% 997,726	$114,688,604,000	4.37%
Walmart Inc	Opened 683,905	$107,496,188,000	4.10%
Pioneer Nat Res Co	Opened 508,283	$105,306,072,000	4.01%
Workday Inc	Opened 375,902	$84,912,503,000	3.24%
Alcoa Corp	151.98% 2,229,159	$75,635,365,000	2.88%
Marathon Oil Corporation	309.64% 3,190,900	$73,454,518,000	2.80%
Willscot Mobil Mini Hldng Co	124.33% 1,471,391	$70,317,776,000	2.68%
TechnipFMC plc	50.99% 3,995,013	$66,397,116,000	2.53%
Las Vegas Sands Corp	Opened 1,059,399	$61,445,142,000	2.34%
Freeport-McMoRan Inc	Opened 1,439,447	$57,577,880,000	2.19%
Centene Corp.	Opened 783,499	$52,847,008,000	2.01%
Option Care Health Inc	Opened 1,548,648	$50,315,574,000	1.92%
Dominion Energy Inc	Closed 816,594	$50,073,544,000
Ingersoll Rand Inc.	Opened 699,009	$45,687,228,000	1.74%
PG&E Corp.	Opened 2,442,143	$42,200,231,000	1.61%
Ishares Inc	Opened 1,231,717	$39,944,582,000	1.52%
BWX Technologies Inc	2.43% 555,153	$39,732,300,000	1.51%
KBR Inc	Opened 528,656	$34,394,359,000	1.31%
Frontier Communications Pare	Opened 1,771,163	$33,014,478,000	1.26%
NVIDIA Corp	Closed 211,927	$30,971,012,000
Eog Res Inc	Closed 237,505	$30,761,648,000
Hess Corporation	Opened 222,039	$30,186,202,000	1.15%
Equinor ASA	Closed 830,094	$29,725,666,000
Antero Resources Corp	112.84% 1,051,916	$24,225,625,000	0.92%
Taiwan Semiconductor Mfg Ltd	Opened 236,678	$23,885,544,000	0.91%
Vista Energy S.a.b. De C.v.	Opened 975,223	$23,522,379,000	0.90%
Pampa Energia S A	No change 488,920	$21,180,014,000	0.81%
Enphase Energy Inc	Closed 77,893	$20,638,529,000
SM Energy Co	Opened 545,083	$17,240,975,000	0.66%
Helmerich & Payne, Inc.	Closed 344,908	$17,097,090,000
Shell Plc	69.64% 279,674	$16,886,716,000	0.64%
Transocean Ltd	Closed 3,631,970	$16,561,783,000
Vale S.A.	Closed 932,257	$15,820,401,000
Cameco Corp.	4.91% 501,297	$15,705,635,000	0.60%
Schlumberger Ltd	Closed 293,226	$15,675,862,000
Noble Corp Plc	Closed 413,339	$15,587,014,000
Mosaic Co New	Closed 347,430	$15,241,754,000
Eaton Corp Plc	Opened 70,715	$14,220,787,000	0.54%
Bhp Group Ltd	Closed 204,822	$12,709,205,000
Conocophillips	Opened 114,727	$11,886,864,000	0.45%
Teck Resources Ltd	Opened 271,757	$11,440,970,000	0.44%
Ball Corp.	Opened 185,254	$10,783,635,000	0.41%
Fuller H B Co	Opened 144,891	$10,361,155,000	0.39%
VanEck ETF Trust	Closed 33,956	$10,324,322,000
NRG Energy Inc.	Opened 270,482	$10,113,322,000	0.39%
Matador Res Co	Opened 193,275	$10,112,148,000	0.39%
Nutrien Ltd	23.01% 169,873	$10,031,001,000	0.38%
Bunge Limited	Closed 93,309	$9,309,439,000
New Fortress Energy LLC	13.39% 294,348	$7,882,639,000	0.30%
UBS Group AG	Opened 373,575	$7,572,365,000	0.29%
Cleveland-Cliffs Inc	Closed 440,073	$7,089,576,000
NextDecade Corporation	61.27% 798,839	$6,558,468,000	0.25%
Constellation Energy Corp	90.47% 64,202	$5,877,693,000	0.22%
Liberty Energy Inc	Closed 315,465	$5,050,595,000
Scorpio Tankers, Inc.	Closed 93,764	$5,041,690,000
United States Stl Corp New	Closed 159,836	$4,003,892,000
Samsara Inc.	98.06% 102,474	$2,839,555,000	0.11%
Vistra Corp	Opened 103,349	$2,712,911,000	0.10%
Applied Matls Inc	Closed 10,517	$1,024,145,000
Unitedhealth Group Inc	95.88% 1,559	$749,318,000	0.03%
Williams Cos Inc	Closed 12,341	$406,019,000
No transactions found
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