Breakout Capital Partners, LP
Long book
$173.9M
Q1 2026
Positions
8
Top-10 weight
100%
concentration
Last quarter
-3.0%
SPY +14.8%
Turnover
13%
of book per quarter
Strategy in plain words
auto-generated from filingsBreakout Capital Partners, LP is an institutional manager, running a $173.9M US long book across 8 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: ACCENTURE PLC-CL A, ITAU UNIBANCO H-SPON PRF ADR, PETROLEO BRASILEIRO-SPON ADR, GLOBAL X MSCI ARGENTINA ETF, ISHARES MSCI MALAYSIA ETF.
Over the last 9 quarters its long book ran on average 4.1pp per quarter behind the S&P 500, beating the index in 1 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-3.0%
Q2 2024
+2.0%
Q3 2024
-9.6%
Q4 2024
+13.2%
Q1 2025
+5.7%
Q2 2025
+2.6%
Q3 2025
-0.5%
Q4 2025
-4.4%
Q1 2026
-3.0%
Sector allocation
Services media 60%
Industrials 40%
Long book by quarter
What does Breakout Capital own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 8 | $173.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 7 | $140.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR/ANEW HOLDINGS | Feb 12, 2026 | 1 | $21.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 7 | $135.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 6 | $102.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 7 | $109.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 8 | $97.4M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 8 | $102.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 6 | $82.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 11 | $212.5M | canonical | SEC ↗ |
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