StubHub Holdings (STUB): PointState and Zachary Schreiber report up to 3.2% stake

Rhea-AI Filing Summary

StubHub Holdings, Inc. has received an updated Schedule 13G/A from PointState-affiliated investment entities and Zachary J. Schreiber regarding holdings of its Class A common stock. PointState Capital LP, PointState Holdings LLC and PointState Capital GP LLC each report beneficial ownership of 9,963,172 shares, representing 2.8% of the Class A common stock, with shared voting and dispositive power over these shares.

Separately, Zachary J. Schreiber reports beneficial ownership of 11,057,816 shares, or 3.2% of the class, including 1,094,644 shares over which he has sole voting and dispositive power and the same 9,963,172 shares over which he has shared voting and dispositive power with the PointState entities. The filing states that the reporting persons own 5 percent or less of the class.

Key Figures

PointState beneficial ownership: 9,963,172 shares PointState ownership percentage: 2.8% Schreiber beneficial ownership: 11,057,816 shares +3 more

6 metrics

PointState beneficial ownership 9,963,172 shares Class A common stock beneficially owned by each PointState entity

PointState ownership percentage 2.8% Percent of StubHub Class A common stock held by each PointState entity

Schreiber beneficial ownership 11,057,816 shares Class A common stock beneficially owned by Zachary J. Schreiber

Schreiber ownership percentage 3.2% Percent of StubHub Class A common stock beneficially owned by Schreiber

Schreiber sole voting power 1,094,644 shares Shares of StubHub Class A over which Schreiber has sole voting and dispositive power

Shared voting power 9,963,172 shares Shares over which the PointState entities and Schreiber have shared voting and dispositive power

Key Terms

beneficially owned, shared voting power, dispositive power, parent holding company, +1 more

5 terms

beneficially owned financial

"Amount beneficially owned: The information in Items 5 through 9 and Item 11"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared voting power financial

"Shared Voting Power 9,963,172.00 7 | Sole Dispositive Power 0.00 8 | Shared"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

dispositive power financial

"Sole Dispositive Power 0.00 8 | Shared Dispositive Power 9,963,172.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

parent holding company financial

"Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company"

percent of class financial

"Percent of class: The information in Items 5 through 9 and Item 11"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

FAQ

What percentage of StubHub (STUB) Class A common stock do the PointState entities report owning?

The PointState entities report beneficially owning 9,963,172 StubHub Class A shares, representing 2.8% of the outstanding Class A common stock. They have shared voting and dispositive power over these shares according to the Schedule 13G/A amendment.

How many StubHub (STUB) shares does Zachary J. Schreiber beneficially own in this filing?

Zachary J. Schreiber reports beneficial ownership of 11,057,816 StubHub Class A shares, equal to 3.2% of the class. This includes 1,094,644 shares with sole voting and dispositive power and 9,963,172 shares with shared power.

What is the sole versus shared voting power reported for StubHub (STUB) shares?

The PointState entities each report 0 shares with sole voting power and 9,963,172 with shared voting power. Zachary J. Schreiber reports 1,094,644 shares with sole voting power and 9,963,172 with shared voting power over StubHub shares.

Do the reporting persons in this StubHub (STUB) Schedule 13G/A own more than 5% of the company?

No. The filing states that the reporting persons have ownership of 5 percent or less of the StubHub Class A common stock. Reported beneficial ownership ranges from 2.8% for the PointState entities to 3.2% for Zachary J. Schreiber.

Who are the reporting persons in the StubHub (STUB) beneficial ownership report?

The reporting persons are PointState Holdings LLC, PointState Capital LP, PointState Capital GP LLC, and Zachary J. Schreiber. These entities and Mr. Schreiber report holdings in StubHub Class A common stock and file jointly regarding the same securities.

Where are the reporting persons for StubHub (STUB) based according to this ownership filing?

The principal business office for each reporting person is at 9 West 57th Street, 37th Floor, New York, NY 10019. The PointState entities are organized in Delaware, and Zachary J. Schreiber is a citizen of the United States of America.

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Available on EDGAR 08/14/2026 - 04:04 PM Accepted by SEC EDGAR 08/14/2026 - 04:01 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

StubHub Holdings, Inc.

(Name of Issuer)

Class A Common Stock, par value $0.001 per share

(Title of Class of Securities)

86384P109

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 86384P109

1

Names of Reporting Persons

PointState Capital LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 9,963,172.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 9,963,172.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

9,963,172.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.8 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

CUSIP Number(s): 86384P109

1

Names of Reporting Persons

PointState Holdings LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 9,963,172.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 9,963,172.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

9,963,172.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.8 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 86384P109

1

Names of Reporting Persons

PointState Capital GP LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 9,963,172.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 9,963,172.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

9,963,172.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.8 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 86384P109

1

Names of Reporting Persons

Zachary J. Schreiber

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,094,644.00
6	Shared Voting Power 9,963,172.00
7	Sole Dispositive Power 1,094,644.00
8	Shared Dispositive Power 9,963,172.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,057,816.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.2 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: StubHub Holdings, Inc.
(b)	Address of issuer's principal executive offices: 175 Greenwich Street, 59th Floor, New York, New York, 10007
Item 2.
(a)	Name of person filing: This statement is filed by: (i) PointState Holdings LLC, a Delaware limited liability company ("PointState Holdings"), which serves as the general partner of, or as the general partner of the managing member of, or as the managing member of the general partner of, certain funds or holding vehicles that hold Shares; (ii) PointState Capital LP, a Delaware limited partnership ("PointState"), which serves as the investment manager to, or as the general partner of the investment manager to, or as the investment manager to the managing member of, certain funds or holding vehicles that hold Shares; (iii) PointState Capital GP LLC, a Delaware limited liability Company ("PointState GP"), which serves as the general partner of PointState; and (iv) Zachary J. Schreiber ("Mr. Schreiber"), an individual, who serves as managing member of PointState Holdings and PointState GP and as the sole member of a vehicle that holds Shares. PointState Holdings, PointState, PointState GP and Mr. Schreiber are hereinafter sometimes collectively referred to as the "Reporting Persons." Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. The Reporting Persons are filing this statement jointly with respect to the same securities as contemplated by Rule 13d-1(k)(1), not as members of a group.
(b)	Address or principal business office or, if none, residence: The address of the business office of each of the Reporting Persons is care of PointState Capital LP, 9 West 57th Street, 37th Floor, New York, NY 10019.
(c)	Citizenship: PointState Holdings, PointState and PointState GP are organized under the laws of the State of Delaware. Mr. Schreiber is a citizen of the United States of America.
(d)	Title of class of securities: Class A Common Stock, par value $0.001 per share
(e)	CUSIP No.: 86384P109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information in Items 5 through 9 and Item 11 on the cover pages to this Schedule 13G is hereby incorporated by reference.
(b)	Percent of class: The information in Items 5 through 9 and Item 11 on the cover pages to this Schedule 13G is hereby incorporated by reference.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information in Items 5 through 9 and Item 11 on the cover pages to this Schedule 13G is hereby incorporated by reference.
	(ii) Shared power to vote or to direct the vote: The information in Items 5 through 9 and Item 11 on the cover pages to this Schedule 13G is hereby incorporated by reference.
	(iii) Sole power to dispose or to direct the disposition of: The information in Items 5 through 9 and Item 11 on the cover pages to this Schedule 13G is hereby incorporated by reference.
	(iv) Shared power to dispose or to direct the disposition of: The information in Items 5 through 9 and Item 11 on the cover pages to this Schedule 13G is hereby incorporated by reference.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. The information in Items 2 and 4 is hereby incorporated by reference.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

PointState Capital LP

Signature:	/s/ Zachary J. Schreiber
Name/Title:	Zachary J. Schreiber, Managing Member
Date:	08/14/2026

PointState Holdings LLC

Signature:	/s/ Zachary J. Schreiber
Name/Title:	Zachary J. Schreiber, Managing Member of PointState Holdings LLC, the general partner of SteelMill Master Fund LP
Date:	08/14/2026

PointState Capital GP LLC

Signature:	/s/ Zachary J. Schreiber
Name/Title:	Managing Member of PointState Holdings LLC and PointState Capital GP LLC, the general partner of PointState Capital LP
Date:	08/14/2026

Zachary J. Schreiber

Signature:	/s/ Zachary J. Schreiber
Name/Title:	Zachary J. Schreiber
Date:	08/14/2026