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Bronte Capital Management Pty Ltd.

SUITE 1703, 101 GRAFTON ST, Bondi Junction, C3 2022 • 001 61 2 9389 3293

Q4 2025 · Filed 2026-02-03
Market Value
$823M
-14.5%
Holdings
39
+13
New Purchases
14
Added To
3
Closed
2
Reduced
19
Top 10 Concentration
85.6%
Turnover
41.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
REGN 16.58% 11.77% +4.80% $136M
GOOGL 15.82% 12.06% +3.76% $130M
SQM 1.37% 0.82% +0.54% $11M
HLF 1.75% 1.33% +0.42% $14M
AMZN 7.79% 7.43% +0.36% $64M
FICO 0.32% 0.00% +0.32% $3M
TPB 0.32% 0.00% +0.32% $3M
NICE 0.28% 0.00% +0.28% $2M
BBWI 0.62% 0.34% +0.28% $5M
NEM 0.94% 0.76% +0.18% $8M
FCNCA 4.45% 4.28% +0.17% $37M
OLED 0.17% 0.00% +0.17% $1M
CTVA 4.63% 4.48% +0.15% $38M
RAMP 0.83% 0.73% +0.10% $7M
B 0.87% 0.81% +0.06% $7M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IBB 1.48% 4.72% -3.24% $12M
IBKR 11.61% 14.07% -2.46% $96M
ABVX 0.00% 1.55% -1.55% $0
COF 5.17% 6.52% -1.35% $43M
IJR 0.00% 1.32% -1.32% $0
PINS 1.61% 2.43% -0.81% $13M
SBH 1.28% 2.04% -0.77% $11M
BRK-B 9.91% 10.20% -0.29% $82M
PM 7.77% 7.87% -0.10% $64M
MDLZ 0.42% 0.48% -0.06% $3M
GHC 1.78% 1.83% -0.05% $15M
ENVX 0.01% 0.01% -0.00% $84K

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 31.1%
Healthcare 20.0%
Communication Services 16.9%
Consumer Defensive 11.6%
Consumer Cyclical 9.0%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 4 $340M 41.3%
Large Cap 13 $410M 49.9%
Mid Cap 7 $42M 5.2%
Small Cap 6 $30M 3.7%
Micro Cap 9 $225K 0.0%

Portfolio Analytics

Avg Market Cap
$250.1B
Median Market Cap
$5.5B
Avg P/E
24.8
Median P/E
23.7
Avg Dividend Yield
0.01%
Avg Beta
1.03
# Stocks
37
# ETFs / Funds
2

Top Holdings (39 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 REGN 16.58% 176,768 $136M $771.87 $23M -3,515 -1.9%
2 GOOGL 15.82% 415,963 $130M $313.00 $14M -11,176 -2.6%
3 IBKR 11.61% 1,486,294 $96M $64.31 -$40M -274,877 -15.6%
4 BRK-B 9.91% 162,327 $82M $502.65 -$17M -12,401 -7.1%
5 AMZN 7.79% 277,641 $64M $230.82 -$7M -13,624 -4.7%
6 PM 7.77% 398,556 $64M $160.40 -$12M -19,094 -4.6%
7 COF 5.17% 175,540 $43M $242.36 -$20M -88,569 -33.5%
8 CTVA 4.63% 569,033 $38M $67.03 -$5M -1,985 -0.3%
9 FCNCA 4.45% 17,072 $37M $2,146.18 -$5M -3,548 -17.2%
10 ALNY 1.88% 38,864 $15M $397.65 -$2M +3,890 +11.1%
11 GHC 1.78% 13,355 $15M $1,098.60 -$3M -42 -0.3%
12 HLF 1.75% 1,120,175 $14M $12.89 $2M -238,814 -17.6%
13 PINS 1.61% 512,196 $13M $25.89 -$10M -137,086 -21.1%
14 IBB 1.48% 72,350 $12M $168.77 -$33M -209,072 -74.3%
15 SQM 1.37% 163,457 $11M $68.80 $3M -1,130 -0.7%
16 SBH 1.28% 737,250 $11M $14.26 -$9M -343,945 -31.8%
17 NEM 0.94% 77,856 $8M $99.85 $424K -159 -0.2%
18 B 0.87% 164,856 $7M $43.55 -$623K -48,213 -22.6%
19 RAMP 0.83% 231,994 $7M $29.37 -$202K +599 +0.3%
20 BBWI 0.62% 254,611 $5M $20.08 $2M +139,810 +121.8%
21 MDLZ 0.42% 64,547 $3M $53.83 -$1M -1,324 -2.0%
22 FICO 0.32% 1,567 $3M $1,690.62 +1,567 NEW
23 TPB 0.32% 24,372 $3M $108.40 +24,372 NEW
24 RSKD 0.31% 513,676 $3M $4.97 -$131K -20
25 NICE 0.28% 20,322 $2M $113.04 +20,322 NEW
26 OLED 0.17% 11,653 $1M $116.78 +11,653 NEW
27 ENVX 0.01% 11,550 $84K $7.31 -$31K
28 GUTS —% 16,905 $37K $2.20 +16,905 NEW
29 ALEC —% 19,282 $30K $1.56 +19,282 NEW
30 CHRS —% 19,282 $27K $1.42 +19,282 NEW
31 ADGI —% 11,012 $27K $2.47 +11,012 NEW
32 CRBU —% 15,627 $25K $1.59 +15,627 NEW
33 PLRX —% 18,613 $23K $1.22 +18,613 NEW
34 FATE —% 22,853 $22K $0.98 +22,853 NEW
35 MIST —% 10,414 $21K $2.02 +10,414 NEW
36 RANI —% 14,868 $20K $1.35 +14,868 NEW
37 CCCC —% 10,033 $19K $1.91 +10,033 NEW
38 ABVX —% -$15M -156,747 -100.0% SOLD
39 IJR —% -$13M -95,350 -100.0% SOLD

New Positions

SymbolValue% Port
FICO $3M 0.32%
TPB $3M 0.32%
NICE $2M 0.28%
OLED $1M 0.17%
GUTS $37K —%
ALEC $30K —%
CHRS $27K —%
ADGI $27K —%
CRBU $25K —%
PLRX $23K —%
FATE $22K —%
MIST $21K —%
RANI $20K —%
CCCC $19K —%

Sold Out Positions

SymbolValue% Port
ABVX —%
IJR —%
View SEC EDGAR Filings for Bronte Capital Management Pty Ltd. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms