BROOKTREE CAPITAL MANAGEMENT

Fundamental concentrated ★Highest signal CIK 1021296
League rank
#207
in Fundamental concentrated · #355 overall
Long book
$126.1M
Q1 2026
Positions
44
Top-10 weight
72%
concentration
Last quarter
+24.0%
SPY +14.8%
Turnover
11%
of book per quarter

Strategy in plain words

auto-generated from filings

BROOKTREE CAPITAL MANAGEMENT is a concentrated fundamental stock-picker, running a $126.1M US long book across 44 positions.

The portfolio is concentrated: the top 10 names carry 72% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: INTERACTIVE BROKERS GRO-CL A, RIMINI STREET INC, PEOPLE INC, PAR TECHNOLOGY CORP/DEL, BERKSHIRE HATHAWAY INC-CL B.

Over the last 9 quarters its long book ran on average 1.3pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+0.3%
Q2 2024
+4.1%
Q3 2024
+10.6%
Q4 2024
-2.5%
Q1 2025
+8.4%
Q2 2025
+1.1%
Q3 2025
-5.9%
Q4 2025
-12.0%
Q1 2026
+24.0%

Sector allocation

Technology
38%
Financials
30%
Services media
15%
Healthcare
11%
Energy
1%
Industrials
1%
Consumer discretionary
1%
Consumer staples
1%

Long book by quarter

$129.7M
Q1 2024
$116.9M
Q2 2024
$123.1M
Q3 2024
$134.8M
Q4 2024
$133.3M
Q1 2025
$152.9M
Q2 2025
$157.4M
Q3 2025
$150.3M
Q4 2025
$126.1M
Q1 2026

What does BROOKTREE CAPITAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
IBKR INTERACTIVE BROKERS GRO-CL AFinancials272.3K$18.3M14.5%-32.1%
RMNI RIMINI STREET INCServices media4.0M$13.0M10.3%+3.2%
PPLI PEOPLE INCTechnology314.4K$12.6M10.0%-2.0%
PAR PAR TECHNOLOGY CORP/DELTechnology862.4K$11.5M9.1%+121.5%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials18.7K$9.0M7.1%-14.5%
BFH BREAD FINANCIAL HOLDINGS INCFinancials98.5K$7.4M5.9%-39.2%
QCOM QUALCOMM INCTechnology52.5K$6.8M5.4%+0.8%
WIX WIX.COM LTDTechnology48.2K$4.3M3.4%+2271.2%
FISV FISERV INCServices media67.1K$3.7M3.0%+67.4%
JNJ JOHNSON & JOHNSONHealthcare14.9K$3.6M2.9%-50.1%
EXTR EXTREME NETWORKS INCTechnology222.7K$3.4M2.7%+0.3%
DXCM DEXCOM INCHealthcare50.3K$3.2M2.5%+12.6%
PFE PFIZER INCHealthcare101.4K$2.8M2.3%-15.8%
THRY THRYV HOLDINGS INCServices media923.6K$2.5M2.0%-32.0%
RKT ROCKET COS INC-CLASS AFinancials155.0K$2.2M1.8%+6.4%
NET CLOUDFLARE INC - CLASS ATechnology10.3K$2.1M1.7%+611.8%
XOM EXXON MOBIL CORPEnergy10.1K$1.7M1.4%Held
GTLB GITLAB INC-CL ATechnology63.5K$1.4M1.1%New
NOW SERVICENOW INCTechnology12.5K$1.3M1.0%New
MSFT MICROSOFT CORPTechnology3.5K$1.3M1.0%-24.5%
WST WEST PHARMACEUTICAL SERVICESHealthcare4.4K$1.1M0.9%-15.3%
DXC DXC TECHNOLOGY COTechnology86.7K$1.1M0.9%-16.1%
GD GENERAL DYNAMICS CORPIndustrials3.1K$1.1M0.9%-54.2%
ABBV ABBVIE INCHealthcare5.0K$1.1M0.9%Held
SYK STRYKER CORPHealthcare2.7K$885K0.7%Held
LLY ELI LILLY & COHealthcare794$730K0.6%-61.4%
MCD MCDONALD'S CORPConsumer discretionary2.2K$674K0.5%-5.6%
JPM JPMORGAN CHASE & COFinancials2.0K$588K0.5%Held
GOOGL ALPHABET INC-CL ATechnology2.0K$575K0.5%Held
GOOG ALPHABET INC-CL CTechnology2.0K$574K0.5%Held
ABT ABBOTT LABORATORIESHealthcare5.0K$512K0.4%-2.3%
ROP ROPER TECHNOLOGIES INCTechnology1.4K$497K0.4%New
AAPL APPLE INCTechnology1.9K$478K0.4%-13.5%
PEP PEPSICO INCConsumer staples3.0K$458K0.4%Held
AMGN AMGEN INCHealthcare1.0K$352K0.3%Held
BNY BANK OF NEW YORK MELLON CORPFinancials2.9K$339K0.3%Held
HD HOME DEPOT INCConsumer discretionary1.0K$334K0.3%Held
KO COCA-COLA CO/THEConsumer staples4.0K$304K0.2%Held
EMR EMERSON ELECTRIC COIndustrials2.0K$262K0.2%Held
CLBT CELLEBRITE DI LTDTechnology18.0K$248K0.2%New
AMZN AMAZON.COM INCConsumer discretionary1.2K$245K0.2%Held
CL COLGATE-PALMOLIVE COOther2.9K$243K0.2%Held
PG PROCTER & GAMBLE CO/THEOther1.6K$231K0.2%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 6, 202644$126.1M canonicalSEC ↗
Q4 202513F-HRFeb 2, 202641$150.3M canonicalSEC ↗
Q3 202513F-HRNov 7, 202542$157.4M canonicalSEC ↗
Q2 202513F-HRAug 6, 202541$152.9M canonicalSEC ↗
Q1 202513F-HRMay 6, 202524$133.3M canonicalSEC ↗
Q4 202413F-HRFeb 10, 202522$134.8M canonicalSEC ↗
Q3 202413F-HRNov 6, 202425$123.1M canonicalSEC ↗
Q2 202413F-HRAug 5, 202423$116.9M canonicalSEC ↗
Q1 202413F-HRMay 6, 202424$129.7M canonicalSEC ↗