# EDGAR Filing Document

**Accession Number:** 0001509842
**File Stem:** 0001193125-26-054581
**Filing Date:** 2026-2
**Character Count:** 10000
**Document Hash:** c6755f6a06a68b3e85abd1de85cfb862
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-054581.hdr.sgml**: 20260217

**ACCESSION NUMBER**: 0001193125-26-054581

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260217

**DATE AS OF CHANGE**: 20260217

**EFFECTIVENESS DATE**: 20260217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PointState Capital LP
- **CENTRAL INDEX KEY:** 0001509842

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14763
- **FILM NUMBER:** 26640862

**BUSINESS ADDRESS:**
- **STREET 1:** 9 WEST 57TH STREET
- **STREET 2:** 37TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** (212) 830-7000

**MAIL ADDRESS:**
- **STREET 1:** 9 WEST 57TH STREET
- **STREET 2:** 37TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** PointState Capital LP<br>**Address:** 9 West 57th Street<br>37th FLOOR<br>New York, NY 10019

**Form 13F File Number:** 028-14763

**CRD Number (if applicable):** 000161110

**SEC File Number (if applicable):** 801-74127

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Zachary Klensch<br>**Title:** Chief Financial Officer<br>**Phone:** 412-851-5607

**Signature, Place, and Date of Signing:**

Zachary Klensch  Pittsburgh, PA  02-13-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 1

**Form 13F Information Table Entry Total:** 60

**Form 13F Information Table Value Total:** $6791289893

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                  | Form 13F File Number   |
|:---|:---|:---|
|  | PointState Season LLC |  |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ALVOTECH | ORDINARY SHARES | L01800108 |  | 5381570 | 1049039 | SH |  | SOLE |  | 1049039 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 289991861 | 1256355 | SH |  | SOLE |  | 1256355 | 0 | 0 |
| ARAMARK | COM | 03852U106 |  | 174629632 | 4737646 | SH |  | SOLE |  | 4737646 | 0 | 0 |
| BANCO BBVA ARGENTINA S A | SPONSORED ADS | 058934100 |  | 48211447 | 2668038 | SH |  | SOLE |  | 2668038 | 0 | 0 |
| BANCO MACRO SA | SPON ADR B | 05961W105 |  | 77311118 | 857488 | SH |  | SOLE |  | 857488 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 78035540 | 1418828 | SH |  | SOLE |  | 1418828 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 133904710 | 2057224 | SH |  | SOLE |  | 2057224 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 183724876 | 758066 | SH |  | SOLE |  | 758066 | 0 | 0 |
| CARIS LIFE SCIENCES INC | COM | 142152107 |  | 181270715 | 6718707 | SH |  | SOLE |  | 6718707 | 0 | 0 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 |  | 141678000 | 450000 | SH | Call | SOLE |  | 450000 | 0 | 0 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 |  | 192748511 | 612211 | SH |  | SOLE |  | 612211 | 0 | 0 |
| CCC INTELLIGENT SOLUTIONS HL | COM | 12510Q100 |  | 150454434 | 18925086 | SH |  | SOLE |  | 18925086 | 0 | 0 |
| CEMEX SAB DE CV | SPON ADR NEW | 151290889 |  | 103410000 | 9000000 | SH | Call | SOLE |  | 9000000 | 0 | 0 |
| CEMEX SAB DE CV | SPON ADR NEW | 151290889 |  | 198584497 | 17283246 | SH |  | SOLE |  | 17283246 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 292375437 | 827626 | SH |  | SOLE |  | 827626 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 75018256 | 856764 | SH |  | SOLE |  | 856764 | 0 | 0 |
| COUPANG INC | CL A | 22266T109 |  | 185492062 | 7863165 | SH |  | SOLE |  | 7863165 | 0 | 0 |
| CRH PLC | ORD | G25508105 |  | 44025072 | 352765 | SH |  | SOLE |  | 352765 | 0 | 0 |
| DOORDASH INC | CL A | 25809K105 |  | 123559335 | 545564 | SH |  | SOLE |  | 545564 | 0 | 0 |
| ECHOSTAR CORP | CL A | 278768106 |  | 9486575 | 87273 | SH |  | SOLE |  | 87273 | 0 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 28683340 | 310325 | SH |  | SOLE |  | 310325 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 10424450 | 194486 | SH |  | SOLE |  | 194486 | 0 | 0 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 39881566 | 361377 | SH |  | SOLE |  | 361377 | 0 | 0 |
| FLUTTER ENTMT PLC | SHS | G3643J108 |  | 300999014 | 1399735 | SH |  | SOLE |  | 1399735 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 198523381 | 3908710 | SH |  | SOLE |  | 3908710 | 0 | 0 |
| GLOBAL X FDS | GLOBAL X COPPER | 37954Y830 |  | 54012212 | 752364 | SH |  | SOLE |  | 752364 | 0 | 0 |
| GOLAR LNG LTD | SHS | G9456A100 |  | 146313590 | 3932104 | SH |  | SOLE |  | 3932104 | 0 | 0 |
| GRAB HOLDINGS LIMITED | CLASS A ORD | G4124C109 |  | 162451860 | 32555483 | SH |  | SOLE |  | 32555483 | 0 | 0 |
| GRUPO FINANCIERO GALICIA S.A | SPONSORED ADR | 399909100 |  | 85925881 | 1592990 | SH |  | SOLE |  | 1592990 | 0 | 0 |
| GRUPO SUPERVIELLE S.A. | SPONSORED ADR | 40054A108 |  | 17955242 | 1519056 | SH |  | SOLE |  | 1519056 | 0 | 0 |
| HUT 8 CORP | COM | 44812J104 |  | 10701172 | 232938 | SH |  | SOLE |  | 232938 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 69769513 | 531942 | SH |  | SOLE |  | 531942 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 84847404 | 646900 | SH | Call | SOLE |  | 646900 | 0 | 0 |
| LATTICE SEMICONDUCTOR CORP | COM | 518415104 |  | 19911705 | 270613 | SH |  | SOLE |  | 270613 | 0 | 0 |
| LOMA NEGRA C I A S A MTN  14 | SPONSORED ADS | 54150E104 |  | 14642979 | 1130732 | SH |  | SOLE |  | 1130732 | 0 | 0 |
| NATERA INC | COM | 632307104 |  | 163912750 | 715495 | SH |  | SOLE |  | 715495 | 0 | 0 |
| NVENT ELECTRIC PLC | SHS | G6700G107 |  | 242572150 | 2378858 | SH |  | SOLE |  | 2378858 | 0 | 0 |
| OKTA INC | CL A | 679295105 |  | 7202951 | 83300 | SH |  | SOLE |  | 83300 | 0 | 0 |
| PAMPA ENERGIA S A | SPONS ADR LVL I | 697660207 |  | 24005771 | 271221 | SH |  | SOLE |  | 271221 | 0 | 0 |
| PG CORP | COM | 69331C108 |  | 189545602 | 11794997 | SH |  | SOLE |  | 11794997 | 0 | 0 |
| RAMACO RES INC | COM CL A | 75134P600 |  | 17985366 | 999187 | SH |  | SOLE |  | 999187 | 0 | 0 |
| RAMACO RES INC | NOTE        11/0 | 75134PAB1 |  | 185123 | 220000 | PRN |  | SOLE |  | 220000 | 0 | 0 |
| ROCKET COS INC | COM CL A | 77311W101 |  | 120488412 | 6223575 | SH |  | SOLE |  | 6223575 | 0 | 0 |
| RUBRIK INC. | CL A | 781154109 |  | 160608000 | 2100000 | SH |  | SOLE |  | 2100000 | 0 | 0 |
| SAMSARA INC | COM CL A | 79589L106 |  | 61579061 | 1737068 | SH |  | SOLE |  | 1737068 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 240597967 | 2408147 | SH |  | SOLE |  | 2408147 | 0 | 0 |
| STUBHUB HLDGS INC | CL A | 86384P109 |  | 199855581 | 14771292 | SH |  | SOLE |  | 14771292 | 0 | 0 |
| STUBHUB HLDGS INC | CL A | 86384P109 |  | 136004142 | 10052043 | SH |  | DFND | 1 | 10052043 | 0 | 0 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 50929511 | 135870 | SH |  | SOLE |  | 135870 | 0 | 0 |
| TEVA PHARMACEUTICAL INDS LTD | SPONSORED ADS | 881624209 |  | 114606241 | 3672100 | SH | Call | SOLE |  | 3672100 | 0 | 0 |
| TEVA PHARMACEUTICAL INDS LTD | SPONSORED ADS | 881624209 |  | 118410303 | 3793986 | SH |  | SOLE |  | 3793986 | 0 | 0 |
| TOWER SEMICONDUCTOR LTD | SHS NEW | M87915274 |  | 56433696 | 480614 | SH |  | SOLE |  | 480614 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 10517195 | 45466 | SH |  | SOLE |  | 45466 | 0 | 0 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 20092534 | 1542021 | SH |  | SOLE |  | 1542021 | 0 | 0 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 496979400 | 1380000 | SH | Put | SOLE |  | 1380000 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 55232939 | 342360 | SH |  | SOLE |  | 342360 | 0 | 0 |
| WABTEC | COM | 929740108 |  | 119181729 | 558359 | SH |  | SOLE |  | 558359 | 0 | 0 |
| WAYSTAR HLDG CORP | COM | 946784105 |  | 90823643 | 2773241 | SH |  | SOLE |  | 2773241 | 0 | 0 |
| WESCO INTL INC | COM | 95082P105 |  | 149843223 | 612505 | SH |  | SOLE |  | 612505 | 0 | 0 |
| XP INC | CL A | G98239109 |  | 9359646 | 571756 | SH |  | SOLE |  | 571756 | 0 | 0 |

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