Bratton Capital Management, L.P.
Long book
$40.7M
Q1 2026
Positions
1
Top-10 weight
100%
concentration
Last quarter
+0.7%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsBratton Capital Management, L.P. is a diversified fundamental manager, specialised in healthcare (100% of the long book), running a $40.7M US long book across 1 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: AQUESTIVE THERAPEUTICS INC.
Over the last 9 quarters its long book ran on average 3.2pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-39.0%
Q2 2024
+91.5%
Q3 2024
-28.5%
Q4 2024
-18.5%
Q1 2025
+14.1%
Q2 2025
+68.9%
Q3 2025
+15.6%
Q4 2025
-35.8%
Q1 2026
+0.7%
Sector allocation
Healthcare 100%
Long book by quarter
What does Bratton Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AQST AQUESTIVE THERAPEUTICS INC | Healthcare | 9.8M | $40.7M | 100.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 1 | $40.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 1 | $63.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 1 | $54.8M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 1 | $32.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 1 | $28.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 1 | $34.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 1 | $48.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 1 | $25.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 1 | $41.8M | canonical | SEC ↗ |