Point Break Capital Management, LLC
Long book
$88.0M
Q1 2026
Positions
13
Top-10 weight
96%
concentration
Last quarter
+19.8%
SPY +14.8%
Turnover
47%
of book per quarter
Strategy in plain words
auto-generated from filingsPoint Break Capital Management, LLC is a concentrated fundamental stock-picker, running a $88.0M US long book across 13 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: CAESARS ENTERTAINMENT INC, CAPITAL ONE FINANCIAL CORP, NVIDIA CORP, META PLATFORMS INC-CLASS A, TAIWAN SEMICONDUCTOR-SP ADR.
Over the last 5 quarters its long book ran on average 5.1pp per quarter behind the S&P 500, beating the index in 1 of 5 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
-5.4%
Q2 2024
+2.8%
Q3 2024
-10.0%
Q4 2025
-9.8%
Q1 2026
+19.8%
Sector allocation
Services media 38%
Technology 37%
Financials 16%
Consumer discretionary 6%
Healthcare 4%
Long book by quarter
What does Point Break own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CZR CAESARS ENTERTAINMENT INC | Services media | 1.0M | $27.3M | 31.0% | Held |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 61.4K | $11.2M | 12.7% | -19.7% |
| NVDA NVIDIA CORP | Technology | 59.3K | $10.3M | 11.7% | -23.7% |
| META META PLATFORMS INC-CLASS A | Technology | 14.4K | $8.2M | 9.3% | +90.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 22.1K | $4.6M | 5.2% | -12.3% |
| MSFT MICROSOFT CORP | Technology | 10.0K | $3.7M | 4.2% | -24.1% |
| LLY ELI LILLY & CO | Healthcare | 2.9K | $2.7M | 3.0% | -23.4% |
| AMD ADVANCED MICRO DEVICES | Technology | 9.2K | $1.9M | 2.1% | New |
| INTC INTEL CORP | Technology | 39.4K | $1.7M | 2.0% | New |
| PAGS PAGSEGURO DIGITAL LTD-CL A | Technology | 50.6K | $507K | 0.6% | -37.5% |
13F filing history
Similar funds
Sanders Capital, LLCGATES FOUNDATION TRUSTEAGLE CAPITAL MANAGEMENT LLCWoodbridge Co LtdAlecta Tjanstepension OmsesidigtMubadala Investment Co PJSCH&H International Investment, LLCNewlands Management Operations LLCINVESTOR ABIndependent Franchise Partners LLPPineStone Asset Management Inc.Pentwater Capital Management LP