Crake Asset Management LLP
Long book
$2.86B
Q1 2026
Positions
20
Top-10 weight
87%
concentration
Last quarter
+15.3%
SPY +14.8%
Turnover
52%
of book per quarter
Strategy in plain words
auto-generated from filingsCrake Asset Management LLP is a concentrated fundamental stock-picker, running a $2.86B US long book across 20 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: FREEPORT-MCMORAN INC, MICROSOFT CORP, AMAZON.COM INC, NVIDIA CORP, BROADCOM INC.
Over the last 9 quarters its long book ran on average 0.5pp 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
+10.4%
Q2 2024
+1.3%
Q3 2024
-2.8%
Q4 2024
-12.5%
Q1 2025
+26.7%
Q2 2025
+6.3%
Q3 2025
+4.6%
Q4 2025
-4.7%
Q1 2026
+15.3%
Sector allocation
Technology 47%
Materials 20%
Consumer discretionary 16%
Industrials 7%
Financials 6%
Services media 3%
Communications 1%
Long book by quarter
What does Crake Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| FCX FREEPORT-MCMORAN INC | Materials | 9.3M | $545.2M | 19.1% | -3.6% |
| MSFT MICROSOFT CORP | Technology | 1.5M | $541.0M | 18.9% | +21.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.1M | $438.0M | 15.3% | +26.4% |
| NVDA NVIDIA CORP | Technology | 1.4M | $245.0M | 8.6% | -11.6% |
| AVGO BROADCOM INC | Technology | 752.0K | $232.7M | 8.1% | New |
| LUV SOUTHWEST AIRLINES CO | Industrials | 2.9M | $109.7M | 3.8% | +115.3% |
| GOOG ALPHABET INC-CL C | Technology | 326.5K | $93.7M | 3.3% | +77.0% |
| META META PLATFORMS INC-CLASS A | Technology | 140.0K | $80.1M | 2.8% | -17.4% |
| DHI DR HORTON INC | Industrials | 576.9K | $79.2M | 2.8% | New |
| BAC BANK OF AMERICA CORP | Financials | 1.5M | $72.0M | 2.5% | +17.8% |
| MU MICRON TECHNOLOGY INC | Technology | 192.0K | $64.9M | 2.3% | New |
| NFLX NETFLIX INC | Services media | 667.1K | $64.1M | 2.2% | +455.9% |
| UNH UNITEDHEALTH GROUP INC | Financials | 152.9K | $41.4M | 1.4% | New |
| JPM JPMORGAN CHASE & CO | Financials | 129.0K | $38.0M | 1.3% | New |
| CRM SALESFORCE INC | Technology | 170.4K | $31.8M | 1.1% | New |
| DIS WALT DISNEY CO/THE | Services media | 277.0K | $26.7M | 0.9% | -49.9% |
| C CITIGROUP INC | Financials | 193.0K | $21.9M | 0.8% | New |
| TMUS T-MOBILE US INC | Communications | 80.2K | $16.8M | 0.6% | -90.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 20 | $2.86B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 17 | $2.55B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 15 | $2.20B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 18 | $1.90B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 15 | $1.24B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 9 | $926.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 12 | $814.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 8, 2024 | 15 | $1.25B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 7, 2024 | 16 | $990.9M | canonical | SEC ↗ |
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