6 Stocks To Buy According To Zach Schreiber’s PointState Capital

Published January 18, 2022 at 4:02 pm EST Updated August 19, 2026 at 7:01 am EDT

In this article, we discuss 6 stocks to buy according to Zach Schreiber’s PointState Capital.

In 2011, Zach Schreiber founded PointState Capital in New York, and he serves as the CEO and chief investment officer at the investment firm. PointState Capital holds approximately $6 billion in managed 13F securities and employs different investment strategies to grow its portfolio, including long/short equities, global macro, relative value investing, commodity investing, and special situations investing, among others.

The investment firm is keen on a wide range of industries, including utilities and telecommunications, information technology, healthcare, finance, consumer discretionary, and communications. At the end of Q3, Schreiber made new purchases in 63 stocks, bought additional stakes in 26, sold out of 53 securities, and reduced holdings in 35 stocks.

The most notable stocks in Zach Schreiber’s Q3 portfolio are Microsoft Corporation (NASDAQ:MSFT), Amazon.com, Inc. (NASDAQ:AMZN), and Meta Platforms, Inc. (NASDAQ:FB), among others. These stocks are immensely popular among hedge funds as well.

Zach Schreiber's PointState Capital's Top 10 New Stocks

Our Methodology

Let’s dive into 6 stocks to buy according to Zach Schreiber’s PointState Capital. We compiled this list using the Q3 portfolio of PointState Capital.

For further context on each stock, we have mentioned the third quarter earnings, analyst ratings, and the hedge fund sentiment around the holdings.

Stocks To Buy According To Zach Schreiber’s PointState Capital

6. Cano Health, Inc. (NYSE:CANO)

PointState Capital’s Stake Value: $9,335,000

Percentage of PointState Capital’s 13F Portfolio: 0.15%

Number of Hedge Fund Holders: 37

Cano Health, Inc. (NYSE:CANO) is a health care and medical services company in the United States, offering wellness and preventive care to patients. Cano Health, Inc. offers diabetes care, arthritis and pain management, cardiovascular, chiropractic care, and weight loss programs to patients. It also offers door-to-door pharmacy service, delivering prescriptions at no cost to patients. Cano Health, Inc. is one of the top stocks in Zach Schreiber’s Q3 portfolio.

PointState Capital owns 736,220 shares of Cano Health, Inc., worth $9.33 million, making up 0.15% of Schreiber’s Q3 13F portfolio.

Out of the 867 hedge funds tracked by Insider Monkey, 37 funds were long Cano Health, Inc. at the end of Q3, with stakes totaling $873.4 million.

On October 20, Jefferies analyst Brian Tanquilut kept a Buy rating on the stock, with a price target of $17. He stated that there was considerable upside potential and the past profitable track record makes Cano Health, Inc. a valuable investment.

Cano Health, Inc. is a top stock in Schreiber’s Q3 portfolio, just like Microsoft Corporation, Amazon.com, Inc., and Meta Platforms, Inc..

7. Centene Corporation (NYSE:CNC)

PointState Capital’s Stake Value: $10,281,000

Percentage of PointState Capital’s 13F Portfolio: 0.17%

Number of Hedge Fund Holders: 50

Centene Corporation (NYSE:CNC) is an American health care provider, which has a wide portfolio of innovative healthcare solutions for everyone, from kids, families, and senior citizens to veterans and individuals in correctional facilities. Centene Corporation offers health insurance, medicare, and medicaid to eligible low income members of the society, and makes local care available to all.

PointState Capital owns 165,000 shares in Centene Corporation, worth $10.2 million, making up 0.17% of the firm’s Q3 investment portfolio.

On October 26, Centene Corporation announced earnings for Q3. The EPS came in at $1.26, beating estimates by $0.03. The company’s revenue totaled $32.41 billion, exceeding estimates by $780.90 million.

At the end of September, 50 hedge funds were invested in Centene Corporation, up from 49 in the previous quarter.

Citi analyst Ralph Giacobbe on November 1 downgraded Centene Corporation from Buy to Neutral, owing to higher competition in healthcare in 2022, and lower margins due to increasing costs.

Just like Microsoft Corporation, Amazon.com, Inc., and Meta Platforms, Inc., Centene Corporation is a notable stock from PointState Capital’s Q3 portfolio.

8. Las Vegas Sands Corp. (NYSE:LVS)

PointState Capital’s Stake Value: $45,691,000

Percentage of PointState Capital’s 13F Portfolio: 0.76%

Number of Hedge Fund Holders: 40

Based in Paradise, Nevada, Las Vegas Sands Corp. (NYSE:LVS) is a casino and resort company that develops and operates tourist establishments across North America and Asia. Las Vegas Sands Corp. develops, operates and sells luxury hotel resorts that accommodate gambling, entertainment, clubs, and restaurants, as well as other activities to keep visitors engaged. Some of the famous properties in Las Vegas Sands Corp.’s portfolio include The Venetian, The Palazzo, The Londoner, The Parisian, and the Marina Bay Sands. These properties are located across Las Vegas, Singapore, and Macao.

PointState Capital owns 1.24 million shares of Las Vegas Sands Corp., worth $45.6 million, representing 0.76% of Schreiber’s Q3 portfolio. As of the third quarter of 2021, 40 hedge funds were bullish on Las Vegas Sands Corp..

Las Vegas Sands Corp. reported October 20 its Q3 results, posting a loss per share of $0.45, missing estimates by $0.19. The revenue came in at $857 million, missing estimated revenue by $353.08 million.

Like Microsoft Corporation, Amazon.com, Inc. and Meta Platforms, Inc., Las Vegas Sands Corp. is a notable stock pick of PointState.

Here is what Baron Funds has to say about Las Vegas Sands Corp. in its Q2 2021 investor letter:

“The shares of Las Vegas Sands Corporation, a leading developer of luxury casino resorts in Macau and Singapore, declined in the most recent quarter in large part due to COVID-19 travel-related restrictions. We believe the shares are attractively valued and will recover sharply when travel restrictions are lifted.”

3. Exelon Corporation (NASDAQ:EXC)

PointState Capital’s Stake Value: $80,189,000

Percentage of PointState Capital’s 13F Portfolio: 1.33%

Number of Hedge Fund Holders: 36

Exelon Corporation is a Fortune 100 Company and is one of the leading American energy providers. Exelon Corporation is an end-to-end energy corporation, offering power generation, energy sales, transmission, and delivery. The company possesses more than 31,000 megawatts of nuclear, gas, wind, solar, and hydroelectric generating capacity. Exelon Corporation is one of the cleanest and most cost-effective power energy providers.

PointState Capital owns 1.65 million shares of Exelon Corporation as of September 2021, valued at $80.1 million, making up 1.33% of the firm’s 13F portfolio.

At the end of September, 36 hedge funds reported owning stakes in Exelon Corporation, up from 35 in the previous quarter.

On October 29, Exelon Corporation announced a quarterly dividend of $0.3825 per share, with a forward yield of 2.88%. This dividend was paid on December 10, to shareholders on record as of November 15.

Here is what Heartland Advisors has to say about Exelon Corporation in its Q3 2021 investor letter:

“Power aid. A renewed interest in less-volatile industries and income-generating businesses helped propel less volatile names in areas such as Utilities. Our holdings in the sector were up modestly during the period and outperformed the benchmark on a relative basis, led by Exelon Corp (EXC).

The company is a large multi-state utility with regulated as well as unregulated operations. Following a strategic review, Exelon announced a plan this year to separate the two businesses. Since the time of the announcement, investors have gotten a clearer view into prospects of both operations and have seen improvements in results, and shares have appreciated. The decision and recent improvements, in our view, set the stage for a further re-rating of the company…” (Click here to see the full text)

2. Workday, Inc. (NASDAQ:WDAY)

PointState Capital’s Stake Value: $115,896,000

Percentage of PointState Capital’s 13F Portfolio: 1.93%

Number of Hedge Fund Holders: 72

A cloud-based financial management and human capital management software company, Workday, Inc. (NASDAQ:WDAY) is one of the top new stocks in Zach Schreiber’s PointState Capital’s Q2 portfolio. Workday, Inc. offers on-demand enterprise management services to the healthcare, retail, manufacturing, education, hospitality, and financial services sectors, among others.

PointState Capital owns 463,789 shares of Workday, Inc., worth $115.8 million, representing 1.93% of the firm’s Q3 portfolio.

At the end of the third quarter, 72 hedge funds in Insider Monkey’s database of elite funds reported owning stakes in Workday, Inc., worth $6.3 billion.

Workday, Inc. was awarded a Buy rating by Deutsche Bank analyst Brad Zelnick on November 1. He kept a $360 price target on the stock, citing strong company fundamentals that make Workday, Inc. well-positioned for a strong future outlook.

Here is what ClearBridge Investments has to say about Workday, Inc. in its Q1 2021 investor letter:

“In addition to the new issue market, we have been tactically adding growth exposure. We took advantage of the selloff in disruptors that comprise a large portion of the portfolio to initiate a position in enterprise software maker Workday.”

1. Uber Technologies, Inc. (NYSE:UBER)

PointState Capital’s Stake Value: $175,349,ooo

Percentage of PointState Capital’s 13F Portfolio: 2.92%

Number of Hedge Fund Holders: 143

Uber Technologies, Inc. (NYSE:UBER) is one of the top stocks in Zach Schreiber’s portfolio as of the third quarter. PointState Capital owns a $175.3 million stake in the ride-hailing company that revolutionized cab services across the globe, in more than 900 cities.

Uber Technologies, Inc. announced a partnership with Bed Bath & Beyond Inc. (NASDAQ:BBBY) and Buy Buy Baby, Inc. on November 1, where baby and kid essentials will be delivered door to door via Uber and Uber Eats apps in the United States.

Similarly, Uber Technologies, Inc. announced a deal with Tesla, Inc. (NASDAQ:TSLA) on October 24, where drivers would have access to 50,000 EVs by Tesla, Inc. (NASDAQ:TSLA). This can potentially kickstart the lucrative robotaxi industry in the United States. This is also a step in the right direction for Uber Technologies, Inc., as it will result in higher profitability and net revenue for the company.

At the end of the third quarter, 143 hedge funds tracked by Insider Monkey were long Uber Technologies, Inc., up from 135 in Q1.

Here is what ClearBridge Investments has to say about Uber Technologies, Inc. in its Q2 2021 investor letter:

“The pandemic has also brought attention to the question of gig worker employment status for companies, including ClearBridge holdings Uber and Lyft. In the U.K., Uber proactively classified its drivers as “workers” ahead of final rulings from the British court system. The worker status in the U.K. is a designation between self-employed and employed status that entitles drivers to minimum wage, holiday pay and in some cases a pension.

ClearBridge has engaged with Uber on labor issues since its IPO, and we have given feedback over that time to the CEO, CFO, Chief Legal Officer and Investor Relations on labor relations as well as strategy and communications. Uber’s agreement on this designation is ahead of other competitors in the market and the legal mandate represents a step forward in the company’s thinking about labor. The agreement represents a short-term hit to earnings, yet in some ways it places Uber ahead of the market in its ability to balance labor and shareholder interests. Workers benefit from improved conditions, with new contributions amounting to roughly 3% of a driver’s earnings, while Uber establishes more certainty on costs and visibility into its regulatory environment and operation conditions in the future.”

You can also take a look at Yale University Stock Portfolio: Top 10 Picks and Top 10 Stock Picks of Brandon Osten’s Venator Capital Management.

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