Berry Street Capital Management LL.P. 13F annual report

Berry Street Capital Management LL.P. is an investment fund managing more than $233 billion ran by Teresa Durso. There are currently 21 companies in Mrs. Durso’s portfolio. The largest investments include Seagen Inc and Activision Blizzard Inc, together worth $85.9 billion.

$233 billion Assets Under Management (AUM)

As of 6th November 2023, Berry Street Capital Management LL.P.’s top holding is 206,250 shares of Seagen Inc currently worth over $43.8 billion and making up 18.8% of the portfolio value. Relative to the number of outstanding shares of Seagen Inc, Berry Street Capital Management LL.P. owns more than approximately 0.1% of the company. In addition, the fund holds 450,000 shares of Activision Blizzard Inc worth $42.1 billion, whose value fell approximately 0.1% in the past six months. The third-largest holding is Vmware worth $32.3 billion and the next is Capri Holdings Limited worth $19.1 billion, with 362,500 shares owned.

Currently, Berry Street Capital Management LL.P.'s portfolio is worth at least $233 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Berry Street Capital Management LL.P.

The Berry Street Capital Management LL.P. office and employees reside in London, United Kingdom. According to the last 13-F report filed with the SEC, Teresa Durso serves as the Partner, CEO/COO at Berry Street Capital Management LL.P..

Recent trades

In the most recent 13F filing, Berry Street Capital Management LL.P. revealed that it had opened a new position in Capri Holdings Limited and bought 362,500 shares worth $19.1 billion.

The investment fund also strengthened its position in Seagen Inc by buying 181,250 additional shares. This makes their stake in Seagen Inc total 206,250 shares worth $43.8 billion. Seagen Inc dropped approximately 0.1% in the past year.

On the other hand, there are companies that Berry Street Capital Management LL.P. is getting rid of from its portfolio. Berry Street Capital Management LL.P. closed its position in Maxar Technologies Inc on 13th November 2023. It sold the previously owned 500,000 shares for $25.5 billion. Teresa Durso also disclosed a decreased stake in Vmware by 0.3%. This leaves the value of the investment at $32.3 billion and 193,750 shares.

One of the smaller hedge funds

The two most similar investment funds to Berry Street Capital Management LL.P. are Oak Asset Management and Stone Point Wealth. They manage $233 billion and $233 billion respectively.

Teresa Durso investment strategy

Berry Street Capital Management LL.P.’s portfolio is diversified across 6 sectors. Currently, their heaviest sector is Health Care — making up 25.2% of the total portfolio value. The fund focuses on investments in the United States as 38.1% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 29% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $20.4 billion.

The complete list of Berry Street Capital Management LL.P. trades based on 13F SEC filings

These positions were updated on November 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Seagen Inc	725.00% 206,250	$43,755,938,000	18.78%
Activision Blizzard Inc	200.00% 450,000	$42,133,500,000	18.08%
Vmware Inc.	34.04% 193,750	$32,255,500,000	13.84%
Maxar Technologies Inc	Closed 500,000	$25,530,000,000
Capri Holdings Limited	Opened 362,500	$19,071,125,000	8.18%
Albertsons Cos Inc	31.46% 762,500	$17,346,875,000	7.44%
First Horizon Corporation	Closed 975,000	$17,335,500,000
National Instrs Corp	Closed 325,000	$17,033,250,000
Tower Semiconductor Ltd.	Closed 387,500	$16,457,125,000
Atlas Technical Consultants, Inc.	Closed 1,025,000	$12,494,750,000
Focus Finl Partners Inc	Closed 225,000	$11,670,750,000
Life Storage Inc	Closed 87,500	$11,470,375,000
United States Stl Corp New	Opened 337,500	$10,962,000,000	4.70%
Horizon Therapeutics Pub L	80.00% 87,500	$10,122,875,000	4.34%
Emerson Elec Co	Closed 100,000	$8,714,000,000
Silicon Motion Technology Corp	26.67% 137,500	$7,046,875,000	3.02%
IAC Inc	Closed 118,750	$6,127,500,000
Denbury Inc.	Opened 62,500	$6,125,625,000	2.63%
Amedisys Inc.	Opened 62,500	$5,837,500,000	2.51%
NeoGames S.A.	Opened 212,500	$5,737,500,000	2.46%
Inari Med Inc	Opened 87,500	$5,722,500,000	2.46%
Tabula Rasa HealthCare Inc	Opened 550,000	$5,670,500,000	2.43%
Splunk Inc	Opened 37,500	$5,484,375,000	2.35%
Hollysys Automation Tchngy L	21.43% 275,000	$5,456,000,000	2.34%
T-Mobile US, Inc.	Closed 28,125	$4,073,625,000
Edwards Lifesciences Corp	Opened 50,000	$3,464,000,000	1.49%
Amc Entmt Hldgs Inc	Closed 2,062,500	$3,031,875,000
Carriage Svcs Inc	Opened 90,625	$2,560,156,000	1.10%
Pnm Res Inc	Opened 37,500	$1,672,875,000	0.72%
Spirit Airls Inc	Opened 87,500	$1,443,750,000	0.62%
BridgeBio Pharma Inc	Closed 37,500	$621,750,000
Direxion Shs Etf Tr	83.33% 125,000	$602,500,000	0.26%
Teck Resources Ltd	Opened 12,500	$538,625,000	0.23%
No transactions found
Showing first 500 out of 33 holdings