WhaleCreep

Bronte Capital Management Pty Ltd. 13F holdings, Q3 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-09-30, filed 2023-11-06

Bronte Capital Management Pty Ltd. disclosed 28 US equity positions worth $992.8m in its Q3 2023 13F filing. Its largest position is BRK/B at 14.5% of the reported book, followed by GOOGL and REGN. Versus Q2 2023 it opened 4 new positions, added to 14, reduced 5 and exited 8.

$993m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
28
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
14.5%
Largest position
The largest single position as a share of the reported equity book.
75.4%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
13
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 Q2 2023: 4 new, 14 added, 5 reduced, 8 exited

28 rows
BRK/B BERKSHIRE HATHAWAY INC DEL–14.5%$143m409,611+2.8%added
GOOGL ALPHABET INCCommunication Services14.4%$143m1.09m0.0%held
REGN REGENERON PHARMACEUTICALSHealthcare11.7%$116m141,442+2.3%added
IBKR INTERACTIVE BROKERS GROUP INFinancial Services7.3%$72.8m841,228+0.6%added
VISA INC-CLASS A SHARES no ticker–6.7%$66.9m290,733–new
VANGUARD INDEX FDS no ticker–5.2%$51.7m241,282–new
HLF HERBALIFE LTDConsumer Defensive4.4%$43.7m3.12m+3.5%added
PINS PINTEREST INCCommunication Services3.8%$37.4m1.38m−2.6%reduced
PM PHILIP MORRIS INTL INCConsumer Defensive3.8%$37.4m404,020+49%added
FCNCA FIRST CTZNS BANCSHARES INC NFinancial Services3.6%$36.2m26,247+1.4%added
AMZN AMAZON COM INCConsumer Cyclical3.6%$36.2m284,724+23%added
IBB ISHARES TR–3.5%$34.6m283,229−14%reduced
CTVA CORTEVA INCBasic Materials3.2%$31.5m616,327+2.1%added
HB6 HIBBETT INC–2.9%$28.9m607,841+7.5%added
MTCH MATCH GROUP INC NEWCommunication Services2.5%$24.9m636,598+13%added
GHC GRAHAM HLDGS COIndustrials1.4%$14.3m24,470+1.4%added
SOTERA HEALTH CO no ticker–1.3%$12.5m835,366+6.8%added
GOOG ALPHABET INCCommunication Services0.9%$9.2m69,760−31%reduced
SQM SOCIEDAD QUIMICA Y MINERA DEBasic Materials0.9%$9.1m153,080+98%added
GIS GENERAL MILLS INCConsumer Defensive0.9%$8.9m138,806+1.5%added
VANECK ETF TRUST no ticker–0.8%$8.0m297,762–new
ATVIEUR ACTIVISION BLIZZARD INC–0.7%$6.5m69,715−85%reduced
BBWI BATH & BODY WORKS INCConsumer Cyclical0.6%$6.4m190,6170.0%held
MDLZ MONDELEZ INTL INCConsumer Defensive0.4%$4.1m59,595−18%reduced
BNTX BIONTECH SEHealthcare0.3%$2.6m23,4990.0%held
VANECK ETF TRUST no ticker–0.3%$2.5m78,883–new
RSKD RISKIFIED LTDTechnology0.2%$2.3m513,1050.0%held
CTMX CYTOMX THERAPEUTICS INC.Healthcare0.1%$1.2m925,2450.0%held

Exited since Q2 2023

8 rows
V VISA INC6.5%$67.7m
IWM ISHARES TR6.5%$67.6m
VBK VANGUARD INDEX FDS3.8%$39.4m
BNY BANK OF NY MELLON CORP0.8%$7.9m
STT STATE STR CORP0.6%$6.4m
ALB ALBEMARLE CORP0.4%$4.3m
MO ALTRIA GROUP INC0.3%$2.8m
DECIBEL THERAPEUTICS INC no ticker0.06%$596k

Sector mix

  • Unclassified35.8%
  • Communication Services21.6%
  • Healthcare12.1%
  • Financial Services11.0%
  • Consumer Defensive9.5%
  • Consumer Cyclical4.3%
  • Basic Materials4.1%
  • Industrials1.4%
  • Technology0.2%

Book over time

Every quarter on file (31)
QuarterPositionsEquity book
Q2 202656$888m
Q1 202651$941m
Q4 202543$957m
Q3 202529$1.1bn
Q2 202527$1.3bn
Q1 202526$1.2bn
Q4 202424$1.3bn
Q3 202425$1.2bn
Q2 202428$1.3bn
Q1 202429$1.2bn
Q4 202329$1.1bn
Q3 202328$993m
Q2 202332$1.0bn
Q1 202330$862m
Q4 202227$793m
Q3 202228$803m
Q2 202230$829m
Q1 202228$709m
Q4 202124$770m
Q3 202123$694m
Q2 202117$666m
Q1 202114$571m
Q4 202013$517m
Q3 202012$517m
Q2 202010$446m
Q1 202011$377m
Q4 20197$344m
Q3 201910$336m
Q2 20199$263m
Q1 201911$266m
Q4 20189$239m

Where Bronte Capital Management Pty Ltd. was early

3 rows
CTVA CORTEVA INCQ3 20194 of 1656.7%7.3%28Held at last filing, Q2 2026+202%
NEM NEWMONT CORPQ1 202012 of 1703.1%4.6%15Held at last filing, Q2 2026+106%
SHC SOTERA HEALTH COQ3 20217 of 1320.7%2.4%6Exited 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