Point Break Capital Management Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
T-Mobile US
TMUS
|
+$6.47M |
| 2 |
iShares MSCI Brazil ETF
EWZ
|
+$3.66M |
| 3 |
Invesco S&P 500 Equal Weight ETF
RSP
|
+$490K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
On Holding
ONON
|
+$27.2M |
| 2 |
Caesars Entertainment
CZR
|
+$6.08M |
| 3 |
UBS Group
UBS
|
+$5.25M |
| 4 |
Coinbase
COIN
|
+$845K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 22.85% |
| 2 | Communication Services | 2.61% |
| 3 | Financials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$776B
| $217M | 73.03% |
490,000
| – | – |
|
|
2
Caesars Entertainment
CZR
$6.06B
| $67M | 22.51% |
1,313,792
-134,000
| -9% | -$6.08M |
|
|
3
T-Mobile US
TMUS
$194B
| $6.4M | 2.15% |
+46,084
| New | +$6.47M |
|
|
4
iShares MSCI Brazil ETF
EWZ
$9B
| $3.99M | 1.34% |
+123,000
| New | +$3.66M |
|
5
Pinterest
PINS
$13.6B
| $1.37M | 0.46% |
50,000
| – | – |
|
6
Alibaba
BABA
$276B
| $989K | 0.33% |
11,860
| – | – |
|
|
7
Invesco S&P 500 Equal Weight ETF
RSP
$97.6B
| $509K | 0.17% |
+3,400
| New | +$490K |
|
|
8
Coinbase
COIN
$43.4B
| – | – |
-12,500
| Closed | -$845K |
|
|
9
On Holding
ONON
$12.6B
| – | – |
-877,979
| Closed | -$27.2M |
|
|
10
UBS Group
UBS
$170B
| – | – |
-245,800
| Closed | -$5.25M |
|
Similar funds
Point Break Capital Management's Q2 2023 Portfolio in Review
As of Q2 2023, Point Break Capital Management held 10 positions worth $297M, down 3.2% from $307M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Point Break Capital Management withdrew a net $28.8M in Q2 2023, closing 3 positions and reducing 1 holding. Its most notable exit was On Holding, an estimated $27.2M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 23% of assets, down from 32% a quarter earlier, followed by Communication Services and Financials.
Against the trend, Point Break Capital Management opened a new position in T-Mobile US worth $6.4M.
- Point Break Capital Management's largest Q2 2023 buy was T-Mobile US: 46,084 shares worth $6.4M.
- Point Break Capital Management's biggest Q2 2023 reduction was Caesars Entertainment, cutting an estimated $6.08M.
- Point Break Capital Management fully exited On Holding in Q2 2023, selling an estimated $27.2M.
- Point Break Capital Management's ten largest holdings make up 100% of its $297M portfolio in Q2 2023.
- Point Break Capital Management opened 3 new positions and closed 3 in Q2 2023.
- Point Break Capital Management's portfolio value fell 3.2% quarter-over-quarter to $297M.
Based on Point Break Capital Management's 13F filing for Q2 2023, filed 11 Aug 2023.