—Many program analyses benefit, both in precision and performance, from precise pointer analysis. An important dimension of pointer analysis precision is flow-sensitivity, which has been shown to be useful for applications such as program verification and static analysis of binary code, among many others. However, flow-sensitive pointer analysis has historically been unable to scale to programs with millions of lines of code. We present a new flow-sensitive pointer analysis algorithm that is an order of magnitude faster than the existing state of the art, enabling for the first time flow-sensitive pointer analysis for programs with millions of lines of code. Our flow-sensitive algorithm is based on a sparse representation of program code created by a staged, flow-insensitive pointer analysis. We explain how this new algorithm is a member of a new family of pointer analysis algorithms that deserves further study.