WhaleCreep

Bronte Capital Management Pty Ltd. 13F holdings, Q4 2025

Hedge fundSEC filingsCompare with another fundHoldings as of 2025-12-31, filed 2026-02-03

Bronte Capital Management Pty Ltd. disclosed 43 US equity positions worth $956.8m in its Q4 2025 13F filing. Its largest position is REGN at 14.3% of the reported book, followed by GOOGL and IBKR. Versus Q3 2025 it opened 16 new positions, added to 2, reduced 18 and exited 2.

$957m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
43
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.
80.6%
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 2025: 16 new, 2 added, 18 reduced, 2 exited

43 rows
REGN REGENERON PHARMACEUTICALSHealthcare14.3%$136m176,768−1.9%reduced
GOOGL ALPHABET INCCommunication Services13.6%$130m415,963−2.6%reduced
IBKR INTERACTIVE BROKERS GROUP INFinancial Services10.0%$95.6m1.49m−16%reduced
VISA INC-CLASS A SHARES no ticker–8.6%$82.5m235,154−0.3%held
BRK/B BERKSHIRE HATHAWAY INC DEL–8.5%$81.6m162,327−7.1%reduced
AMZN AMAZON COM INCConsumer Cyclical6.7%$64.1m277,641−4.7%reduced
PM PHILIP MORRIS INTL INCConsumer Defensive6.7%$63.9m398,556−4.6%reduced
COF CAPITAL ONE FINL CORPFinancial Services4.4%$42.5m175,540−34%reduced
CTVA CORTEVA INCBasic Materials4.0%$38.1m569,033−0.3%held
FCNCA FIRST CTZNS BANCSHARES INC NFinancial Services3.8%$36.6m17,072−17%reduced
VANECK ETF TRUST no ticker–2.0%$18.7m217,657−29%reduced
ALNY ALNYLAM PHARMACEUTICALS INCHealthcare1.6%$15.5m38,864+11%added
SOTERA HEALTH CO no ticker–1.6%$15.4m874,926−1.2%reduced
GHC GRAHAM HLDGS COIndustrials1.5%$14.7m13,355−0.3%held
HLF HERBALIFE LTDConsumer Defensive1.5%$14.4m1.12m−18%reduced
PINS PINTEREST INCCommunication Services1.4%$13.3m512,196−21%reduced
TBBB BBB FOODS INCConsumer Defensive1.4%$13.2m394,158–new
IBB ISHARES TR–1.3%$12.2m72,350−74%reduced
SQM SOCIEDAD QUIMICA Y MINERA DEBasic Materials1.2%$11.2m163,457−0.7%reduced
SBH SALLY BEAUTY HLDGS INCConsumer Cyclical1.1%$10.5m737,250−32%reduced
NEM NEWMONT CORPBasic Materials0.8%$7.8m77,856−0.2%held
B BARRICK MNG CORPBasic Materials0.8%$7.2m164,856−23%reduced
RAMP LIVERAMP HLDGS INCTechnology0.7%$6.8m231,994+0.3%held
BBWI BATH & BODY WORKS INCConsumer Cyclical0.5%$5.1m254,611+122%added
MDLZ MONDELEZ INTL INCConsumer Defensive0.4%$3.5m64,547−2.0%reduced
VANECK ETF TRUST no ticker–0.3%$3.2m27,763−82%reduced
FICO FAIR ISAAC CORPTechnology0.3%$2.6m1,567–new
TPB TURNING PT BRANDS INCConsumer Defensive0.3%$2.6m24,372–new
RSKD RISKIFIED LTDTechnology0.3%$2.6m513,6760.0%held
NICE NICE LTDTechnology0.2%$2.3m20,322–new
OLED UNIVERSAL DISPLAY CORPTechnology0.1%$1.4m11,653–new
JRVR JAMES RIV GROUP HOLDINGS INC–0.08%$786k123,575–new
ENVX ENOVIX CORPORATIONIndustrials0.01%$84.4k11,5500.0%held
GUTS FRACTYL HEALTH INC–0.0%$37.2k16,905–new
ALEC ALECTOR INCHealthcare0.0%$30.1k19,282–new
CHRS COHERUS ONCOLOGY INCHealthcare0.0%$27.4k19,282–new
IVVD INVIVYD INCHealthcare0.0%$27.2k11,012–new
CRBU CARIBOU BIOSCIENCES INCHealthcare0.0%$24.8k15,627–new
PLRX PLIANT THERAPEUTICS INCHealthcare0.0%$22.7k18,613–new
FATE FATE THERAPEUTICS INCHealthcare0.0%$22.5k22,853–new
MIST MILESTONE PHARMACEUTICALS IN–0.0%$21.0k10,414–new
RANI RANI THERAPEUTICS HLDGS INC–0.0%$20.1k14,868–new
CCCC C4 THERAPEUTICS INCHealthcare0.0%$19.2k10,033–new

Exited since Q3 2025

2 rows
ABVX ABIVAX SA1.3%$14.9m
IJR ISHARES TR1.1%$12.7m

Sector mix

  • Unclassified22.4%
  • Financial Services18.3%
  • Healthcare15.9%
  • Communication Services15.0%
  • Consumer Defensive10.2%
  • Consumer Cyclical8.3%
  • Basic Materials6.7%
  • Technology1.6%
  • Industrials1.5%

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