WhaleCreep

Bronte Capital Management Pty Ltd. 13F holdings, Q2 2025

Hedge fundSEC filingsCompare with another fundHoldings as of 2025-06-30, filed 2025-08-12

Bronte Capital Management Pty Ltd. disclosed 27 US equity positions worth $1.3bn in its Q2 2025 13F filing. Its largest position is IBKR at 11.8% of the reported book, followed by BRK/B and PM. Versus Q1 2025 it opened 3 new positions, added to 21, reduced 3 and exited 2.

$1.3bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
27
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
11.8%
Largest position
The largest single position as a share of the reported equity book.
78.7%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
14
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 2025: 3 new, 21 added, 3 reduced, 2 exited

27 rows
IBKR INTERACTIVE BROKERS GROUP INFinancial Services11.8%$150m2.40m+357%added
BRK/B BERKSHIRE HATHAWAY INC DEL–9.5%$121m220,304+1.0%added
PM PHILIP MORRIS INTL INCConsumer Defensive8.7%$111m541,101+4.4%added
REGN REGENERON PHARMACEUTICALSHealthcare8.7%$111m187,870+21%added
VISA INC-CLASS A SHARES no ticker–8.5%$108m269,252+14%added
GOOGL ALPHABET INCCommunication Services8.0%$102m516,048−2.6%reduced
AMZN AMAZON COM INCConsumer Cyclical7.5%$95.9m388,156+14%added
COF CAPITAL ONE FINL CORPFinancial Services6.5%$83.2m346,950–new
IJR ISHARES TR–5.1%$65.0m555,945−57%reduced
CTVA CORTEVA INCBasic Materials4.3%$54.4m647,820+13%added
FCNCA FIRST CTZNS BANCSHARES INC NFinancial Services4.2%$53.3m24,198+14%added
IBB ISHARES TR–3.3%$42.1m295,346+13%added
PINS PINTEREST INCCommunication Services3.0%$38.6m955,830+13%added
HLF HERBALIFE LTDConsumer Defensive1.7%$21.6m2.22m−13%reduced
GHC GRAHAM HLDGS COIndustrials1.6%$19.8m18,544+14%added
VANECK ETF TRUST no ticker–1.4%$18.4m314,057+14%added
SBH SALLY BEAUTY HLDGS INCConsumer Cyclical1.0%$13.4m1.28m+14%added
VANECK ETF TRUST no ticker–0.9%$11.7m153,737+14%added
SOTERA HEALTH CO no ticker–0.9%$11.3m906,035+14%added
RAMP LIVERAMP HLDGS INCTechnology0.8%$10.4m279,178+14%added
SQM SOCIEDAD QUIMICA Y MINERA DEBasic Materials0.5%$6.7m169,567+26%added
NEM NEWMONT CORPBasic Materials0.4%$5.5m83,700–new
B BARRICK MNG CORPBasic Materials0.4%$5.3m228,593–new
MDLZ MONDELEZ INTL INCConsumer Defensive0.4%$5.0m66,336+14%added
BBWI BATH & BODY WORKS INCConsumer Cyclical0.3%$4.3m127,776+14%added
RSKD RISKIFIED LTDTechnology0.2%$3.0m531,929+14%added
GLOBAL BLUE GROUP HOLDING AG no ticker–0.07%$852k100,917+12%added

Exited since Q1 2025

2 rows
DFSEUR DISCOVER FINL SVCS4.9%$59.9m
MTCH MATCH GROUP INC NEW2.0%$25.2m

Sector mix

  • Unclassified29.7%
  • Financial Services22.5%
  • Communication Services11.1%
  • Consumer Defensive10.8%
  • Consumer Cyclical8.9%
  • Healthcare8.7%
  • Basic Materials5.7%
  • Industrials1.6%
  • Technology1.1%

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