Funds › Bronte Capital Management Pty Ltd. › Q4 2023Bronte Capital Management Pty Ltd. 13F holdings, Q4 2023 Bronte Capital Management Pty Ltd. disclosed 29 US equity positions worth $1.1bn in its Q4 2023 13F filing. Its largest position is GOOGL at 14.3% of the reported book, followed by BRK/B and REGN. Versus Q3 2023 it opened 2 new positions, added to 9, reduced 17 and exited 1.
$1.1bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
29 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
14.3% Largest position The largest single position as a share of the reported equity book.
76.4% 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 Q3 2023: 2 new , 9 added , 17 reduced , 1 exited
29 rows
Stock Sector Weight Value Shares Δ shares Action GOOGL ALPHABET INC Communication Services 14.3% $153m 1.09m 0.0% held BRK/B BERKSHIRE HATHAWAY INC DEL – 13.8% $148m 414,634 +1.2% added REGN REGENERON PHARMACEUTICALS Healthcare 11.9% $128m 145,421 +2.8% added VISA INC-CLASS A SHARES no ticker – 7.0% $75.2m 288,993 −0.6% reduced IBKR INTERACTIVE BROKERS GROUP IN Financial Services 6.5% $69.3m 836,194 −0.6% reduced AMZN AMAZON COM INC Consumer Cyclical 5.7% $61.0m 401,476 +41% added PINS PINTEREST INC Communication Services 4.9% $52.4m 1.41m +2.2% added HLF HERBALIFE LTD Consumer Defensive 4.4% $47.3m 3.10m −0.6% reduced HB6 HIBBETT INC – 4.1% $43.5m 604,211 −0.6% reduced PM PHILIP MORRIS INTL INC Consumer Defensive 3.7% $40.0m 425,653 +5.4% added IBB ISHARES TR – 3.6% $38.2m 281,528 −0.6% reduced FCNCA FIRST CTZNS BANCSHARES INC N Financial Services 3.5% $37.0m 26,090 −0.6% reduced CTVA CORTEVA INC Basic Materials 2.7% $29.4m 612,639 −0.6% reduced MTCH MATCH GROUP INC NEW Communication Services 2.6% $27.4m 751,733 +18% added VANGUARD INDEX FDS no ticker – 1.9% $20.3m 84,086 −65% reduced GHC GRAHAM HLDGS CO Industrials 1.5% $15.6m 22,408 −8.4% reduced SOTERA HEALTH CO no ticker – 1.4% $15.4m 916,051 +9.7% added SQM SOCIEDAD QUIMICA Y MINERA DE Basic Materials 0.9% $10.0m 166,619 +8.8% added GOOG ALPHABET INC Communication Services 0.9% $9.8m 69,338 −0.6% reduced VANECK ETF TRUST no ticker – 0.9% $9.2m 295,980 −0.6% reduced VRTX VERTEX PHARMACEUTICALS INC Healthcare 0.8% $8.4m 20,760 – new BBWI BATH & BODY WORKS INC Consumer Cyclical 0.8% $8.2m 189,515 −0.6% reduced GIS GENERAL MILLS INC Consumer Defensive 0.6% $6.5m 99,176 −29% reduced MDLZ MONDELEZ INTL INC Consumer Defensive 0.5% $4.8m 66,929 +12% added VANECK ETF TRUST no ticker – 0.3% $3.0m 78,427 −0.6% reduced BNTX BIONTECH SE Healthcare 0.2% $2.5m 23,364 −0.6% reduced RSKD RISKIFIED LTD Technology 0.2% $2.4m 510,154 −0.6% reduced RAMP LIVERAMP HLDGS INC Technology 0.2% $2.3m 60,890 – new CTMX CYTOMX THERAPEUTICS INC. Healthcare 0.1% $1.4m 919,911 −0.6% reduced
Exited since Q3 2023 1 row
Stock Prior weight Prior value ATVIEUR ACTIVISION BLIZZARD INC 0.7% $6.5m
Sector mix Unclassified 33.0% Communication Services 22.7% Healthcare 13.1% Financial Services 9.9% Consumer Defensive 9.2% Consumer Cyclical 6.5% Basic Materials 3.7% Industrials 1.5% Technology 0.4% 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