Funds › Bronte Capital Management Pty Ltd. › Q2 2023Bronte Capital Management Pty Ltd. 13F holdings, Q2 2023 Bronte Capital Management Pty Ltd. disclosed 32 US equity positions worth $1.0bn in its Q2 2023 13F filing. Its largest position is BRK/B at 13.1% of the reported book, followed by GOOGL and REGN. Versus Q1 2023 it opened 3 new positions, added to 26, reduced 1 and exited 1.
$1.0bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
32 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
13.1% Largest position The largest single position as a share of the reported equity book.
70.6% Top 10 weight The ten largest positions together, as a share of the reported equity book.
15 Effective positions 1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
31 Quarters on file since Q4 2018 Quarters for which this manager's 13F holdings are on record. Holdings Against Q1 2023: 3 new , 26 added , 1 reduced , 1 exited
32 rows
Stock Sector Weight Value Shares Δ shares Action BRK/B BERKSHIRE HATHAWAY INC DEL – 13.1% $136m 398,306 +1.2% added GOOGL ALPHABET INC Communication Services 12.6% $131m 1.09m +1.5% added REGN REGENERON PHARMACEUTICALS Healthcare 9.6% $99.4m 138,316 +1.4% added IBKR INTERACTIVE BROKERS GROUP IN Financial Services 6.7% $69.5m 836,451 +1.4% added V VISA INC Financial Services 6.5% $67.7m 284,917 +1.4% added IWM ISHARES TR – 6.5% $67.6m 278,400 – new IBB ISHARES TR – 4.0% $41.6m 327,813 +8.5% added HLF HERBALIFE LTD Consumer Defensive 3.9% $39.9m 3.02m +0.3% held ATVIEUR ACTIVISION BLIZZARD INC – 3.8% $39.7m 471,091 +1.3% added VBK VANGUARD INDEX FDS – 3.8% $39.4m 171,513 – new PINS PINTEREST INC Communication Services 3.7% $38.9m 1.42m +1.5% added CTVA CORTEVA INC Basic Materials 3.3% $34.6m 603,365 +1.4% added FCNCA FIRST CTZNS BANCSHARES INC N Financial Services 3.2% $33.2m 25,896 +22% added AMZN AMAZON COM INC Consumer Cyclical 2.9% $30.1m 231,041 +258% added PM PHILIP MORRIS INTL INC Consumer Defensive 2.6% $26.5m 271,886 +1.6% added MTCH MATCH GROUP INC NEW Communication Services 2.3% $23.5m 562,185 – new HB6 HIBBETT INC – 2.0% $20.5m 565,460 +8.9% added SOTERA HEALTH CO no ticker – 1.4% $14.7m 782,060 +0.8% added GHC GRAHAM HLDGS CO Industrials 1.3% $13.8m 24,141 +0.8% added GOOG ALPHABET INC Communication Services 1.2% $12.1m 100,379 +0.3% held GIS GENERAL MILLS INC Consumer Defensive 1.0% $10.5m 136,773 +0.8% added BNY BANK OF NY MELLON CORP Financial Services 0.8% $7.9m 176,865 +0.8% added BBWI BATH & BODY WORKS INC Consumer Cyclical 0.7% $7.1m 190,617 +0.8% added STT STATE STR CORP Financial Services 0.6% $6.4m 87,940 +0.8% added SQM SOCIEDAD QUIMICA Y MINERA DE Basic Materials 0.5% $5.6m 77,231 +0.8% added MDLZ MONDELEZ INTL INC Consumer Defensive 0.5% $5.3m 72,736 +0.8% added ALB ALBEMARLE CORP Basic Materials 0.4% $4.3m 19,306 +0.8% added MO ALTRIA GROUP INC Consumer Defensive 0.3% $2.8m 62,674 +0.8% added BNTX BIONTECH SE Healthcare 0.2% $2.5m 23,499 +0.8% added RSKD RISKIFIED LTD Technology 0.2% $2.5m 513,105 +0.8% added CTMX CYTOMX THERAPEUTICS INC. Healthcare 0.2% $1.6m 925,245 +0.8% added DECIBEL THERAPEUTICS INC no ticker – 0.06% $596k 154,878 −1.6% reduced
Exited since Q1 2023 1 row
Stock Prior weight Prior value NPO ENPRO INC 0.3% $2.4m
Sector mix Unclassified 34.7% Communication Services 19.8% Financial Services 17.8% Healthcare 10.0% Consumer Defensive 8.2% Basic Materials 4.3% Consumer Cyclical 3.6% Industrials 1.3% Technology 0.2% Book over time Every quarter on file (31) Where Bronte Capital Management Pty Ltd. was early 3 rows
Stock First reported Entry rank Initial weight Peak weight Quarters held Status Stock since CTVA CORTEVA INC Q3 2019 4 of 165 6.7% 7.3% 28 Held at last filing, Q2 2026 +202% NEM NEWMONT CORP Q1 2020 12 of 170 3.1% 4.6% 15 Held at last filing, Q2 2026 +106% SHC SOTERA HEALTH CO Q3 2021 7 of 132 0.7% 2.4% 6 Exited by Q1 2023 −68%
Concentration and tenure
14.8% Median largest position, all quarters The largest single position as a share of the reported equity book.
79.8% Median top 10 weight, all quarters The ten largest positions together, as a share of the reported equity book.
Concentrated Style, by median largest position
3 Median completed holding, quarters