13F filer · reported 2026-Q1 · filed 2026-05-15 · Δ vs 2025-Q4 · US-listed long positions only 13F portfolio $4.3B · Positions 42 · Top 10 55.0% · Effective N 23.3 Filer13F 2026-Q1 | CIK1509842 | Reported quarter2026-Q1 | | Prior quarter2025-Q4 | Filed2026-05-15 | | Reported value$4.3B | Positions42 | | Regulatory AUM (ADV)$12.0B | Employees (ADV)41 | | Head office (ADV)NEW YORK, NY, United States | Structure (ADV)Limited Partnership |
Authorized signatory: Zachary Klensch · Chief Financial Officer — the person who SIGNED this filer's latest 13F, frequently a compliance officer, general counsel or CFO, and not necessarily the portfolio manager. Owners & officers (ADV Schedule A): SCHREIBER, ZACHARY, JARED (CHAIRMAN, CHIEF EXECUTIVE OFFICER, CHIEF INVESTMENT OFFICER, LIMITED PARTNER, MANAGING MEMBER OF POINTSTATE CAPITAL GP LLC) · BARBAGALLO, ALFRED, JOHN (GENERAL COUNSEL AND CHIEF OPERATING OFFICER) · HOLMES, BRIAN, AUSTIN (CHIEF COMPLIANCE OFFICER) · KLENSCH, ZACHARY, TYLER (CHIEF FINANCIAL OFFICER) · POINTSTATE CAPITAL LP (MANAGING MEMBER) · POINTSTATE CAPITAL GP LLC (GENERAL PARTNER) Reported 2026-Q1 · filed 2026-05-15 · ADV 2026-05-18ⓘ Implied return1.15y vs SPY | Cumulative+35.6% | CAGR+30.3% | | vs SPY+9.0pp | Vol (ann.)26.5% | | Sharpe1.14 | Max drawdown−16.1% | | Beta1.38 | Avg coverage100% | | Quarters replayed3 | |
2025-06-30 → 2026-08-24 · HYPOTHETICAL replication, not actual returnsⓘ Contribution10 of 79 names | Ticker | Avg wt | Return | Contrib. |
|---|
| TEVA | 3.7% | +103.8% | +5.58pp | | STUB | 4.2% | — | −4.74pp | | FLUT | 3.8% | −65.8% | −4.40pp | | GLW · exited | 3.3% | +120.3% | +3.33pp | | NTRA | 2.9% | +101.7% | +3.26pp | | NVT | 5.0% | +72.5% | +3.22pp | | RBRK | 3.0% | +11.6% | +2.83pp | | DASH | 3.1% | −6.6% | +2.54pp | | EWY | 2.3% | +144.1% | +2.36pp | | ARMK | 3.3% | +51.5% | +2.20pp |
Carino-linked; contributions sum to the book return — modeled, not actual results. 2025-08-25 → 2026-08-25 · book +23.3% · SPY +20.2% · largest absolute contributors first · HYPOTHETICALⓘ Top holdings12 of 42 · 61.9% of book | Holding | Weight | Value | Δ shares |
|---|
| PCG | 8.8% | $377M | +82.0% | | CX | 6.7% | $289M | +46.1% | | DASH | 6.4% | $275M | +235.4% | | NVT | 6.0% | $260M | −7.7% | | XYZ | 5.6% | $239M | +93.4% | | EWY | 4.9% | $212M | new | | Q | 4.7% | $201M | new | | ARMK | 4.3% | $184M | −4.3% | | RBRK | 4.1% | $179M | +73.6% | | GRAB | 3.6% | $155M | +29.8% | | WAB | 3.5% | $150M | +7.6% | | NTRA | 3.4% | $148M | +3.4% |
Weights as filed for 2026-Q1 · Δ vs 2025-Q4ⓘ Sector split9 sectors | Sector | N | Weight |
|---|
| Industrials | 4 | 16.1% | | Information Technology | 6 | 15.8% | | Financials | 7 | 13.2% | | Consumer Discretionary | 4 | 12.8% | | Materials | 8 | 12.3% | | Utilities | 3 | 9.9% | | Health Care | 4 | 8.3% | | Unclassified | 3 | 7.2% | | Communication Services | 3 | 4.4% |
SIC-derived, not GICS · 93% of weight classifiedⓘ Sector history8 of 52 quarters | Sector | 2024-Q2 | 2024-Q3 | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Industrials | 5.0% | 0.7% | 8.8% | 8.9% | 8.0% | 8.4% | 11.6% | 16.1% | | Information Technology | 24.1% | 28.9% | 16.5% | 21.8% | 23.1% | 23.4% | 15.8% | 15.8% | | Financials | 11.3% | 11.6% | 19.7% | 21.0% | 21.0% | 11.9% | 17.2% | 13.2% | | Consumer Discretionary | 29.1% | 32.7% | 26.3% | 16.6% | 11.6% | 12.9% | 15.8% | 12.8% | | Materials | 12.0% | 8.2% | 9.9% | 4.7% | 6.4% | 9.3% | 11.4% | 12.3% | | Utilities | 0.8% | 1.1% | 2.9% | 14.0% | 6.1% | 8.4% | 11.0% | 9.9% | | Health Care | 11.7% | 11.1% | 14.8% | 12.5% | 16.1% | 17.4% | 9.1% | 8.3% | | Unclassified | 1.4% | 1.5% | 0.8% | 0.5% | 5.0% | 0.2% | 1.0% | 7.2% | | Communication Services | 0.0% | 2.8% | 0.0% | 0.0% | 0.0% | 7.2% | 5.9% | 4.4% | | Energy | 4.1% | 0.7% | 0.3% | 0.0% | 2.1% | 1.0% | 1.2% | 0.0% | | Consumer Staples | 0.6% | 0.6% | 0.0% | 0.0% | 0.5% | 0.0% | 0.0% | 0.0% | | Real Estate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | | Top-10 concentration | 52.6% | 56.1% | 56.6% | 50.5% | 52.2% | 50.2% | 42.4% | 55.0% |
SIC-derived, not GICS · 93% of the latest book classified · share of the filed book, per quarterⓘ Basis & disclosures - As filed · positions and weights exactly as the 13F states them · nothing imputed · absent “—”
- 13F is US-listed long only · filed up to 45 days after quarter-end · a LOWER bound on what this filer manages, never a total — shorts, options, cash, bonds and non-US listings are outside it
- As filed — the holdings and weights are the 13F itself; no return engine produced them
- Implied returns are a replication, not a track record · the filed book valued daily and rebalanced to each new filing · no fees, no timing, and nothing a 13F does not carry
- Not investment advice · no recommendation, forecast or offer · past ≠ future · this is a filer's public record, not a solicitation
- SEC Form 13F · SEC Form ADV · licensed end-of-day prices · spzco.com/methodology
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