Bracebridge Capital 13F annual report
Bracebridge Capital is an investment fund managing more than $183 billion ran by John Jr.. There are currently 34 companies in Mr. Jr.’s portfolio. The largest investments include Ark 21shares Bitcoin Etf and Alvotech, together worth $145 billion.
$183 billion Assets Under Management (AUM)
As of 7th August 2024, Bracebridge Capital’s top holding is 1,870,151 shares of Ark 21shares Bitcoin Etf currently worth over $112 billion and making up 61.4% of the portfolio value.
In addition, the fund holds 2,705,304 shares of Alvotech worth $32.9 billion.
The third-largest holding is ADT Inc worth $11.4 billion and the next is Ambac Finl Group Inc worth $7.43 billion, with 579,234 shares owned.
Currently, Bracebridge Capital's portfolio is worth at least $183 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 Bracebridge Capital
The Bracebridge Capital office and employees reside in Boston, Massachusetts. According to the last 13-F report filed with the SEC, John Jr. serves as the Chief Financial and Chief Operating Officer at Bracebridge Capital.
Recent trades
In the most recent 13F filing, Bracebridge Capital revealed that it had opened a new position in
Uniti Inc and bought 2,432,038 shares worth $7.1 billion.
This means they effectively own approximately 0.1% of the company.
Uniti Inc makes up
100.0%
of the fund's Real Estate sector allocation and has decreased its share price by 26.0% in the past year.
The investment fund also strengthened its position in Blackstone Mtg Tr Inc by buying
46,200 additional shares.
This makes their stake in Blackstone Mtg Tr Inc total 254,200 shares worth $4.43 billion.
On the other hand, there are companies that Bracebridge Capital is getting rid of from its portfolio.
Bracebridge Capital closed its position in Ishares Bitcoin Tr on 14th August 2024.
It sold the previously owned 2,486,750 shares for $101 billion.
John Jr. also disclosed a decreased stake in Ark 21shares Bitcoin Etf by 0.6%.
This leaves the value of the investment at $112 billion and 1,870,151 shares.
One of the smallest hedge funds
The two most similar investment funds to Bracebridge Capital are Brookmont Capital Management and Cherry Creek Investment Advisors. They manage $183 billion and $183 billion respectively.
John Jr. investment strategy
Bracebridge Capital’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Industrials — making up 6.2% of
the total portfolio value.
The fund focuses on investments in the United States as
14.7% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
9% of the total holdings value.
On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $1.51 billion.
The complete list of Bracebridge Capital trades based on 13F SEC filings
These positions were updated on August 14th 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 |
|---|---|---|---|
| Ark 21shares Bitcoin Etf |
56.78%
1,870,151
|
$112,171,657,000 | 61.36% |
| Ishares Bitcoin Tr |
Closed
2,486,750
|
$100,638,773,000 | |
| Alvotech |
No change
2,705,304
|
$32,896,497,000 | 17.99% |
| Grayscale Bitcoin Tr Btc |
Closed
419,910
|
$26,525,715,000 | |
| ADT Inc |
No change
1,500,000
|
$11,400,000,000 | 6.24% |
| Ambac Finl Group Inc |
27.53%
579,234
|
$7,425,780,000 | 4.06% |
| Uniti Group Inc |
Opened
2,432,038
|
$7,101,551,000 | 3.88% |
| Blackstone Mtg Tr Inc |
22.21%
254,200
|
$4,428,164,000 | 2.42% |
| Algoma Stl Group Inc |
No change
487,931
|
$3,396,000,000 | 1.86% |
| Aquestive Therapeutics Inc |
No change
428,571
|
$1,114,285,000 | 0.61% |
| iHeartMedia, Inc. |
Opened
1,008,456
|
$1,099,217,000 | 0.60% |
| Clear Channel Outdoor Hldgs |
No change
756,426
|
$1,066,561,000 | 0.58% |
| Trump Media Technology Gro |
Closed
21,400
|
$586,360,000 | |
| Ilearningengines Inc |
Opened
286,528
|
$193,378,000 | 0.11% |
| Trisalus Life Sciences Inc |
No change
92,880
|
$151,394,000 | 0.08% |
| Airship Ai Hldgs Inc |
No change
298,015
|
$107,315,000 | 0.06% |
| Montana Technologies Corp |
No change
50,000
|
$72,000,000 | 0.04% |
| SDCL EDGE Acquisition Corp |
No change
211,900
|
$51,704,000 | 0.03% |
| Arrowroot Acquisition Corp |
Closed
286,528
|
$51,575,000 | |
| Kernel Group Holdings Inc |
No change
270,517
|
$35,275,000 | 0.02% |
| Lakeshore Biopharma Co Ltd |
No change
232,323
|
$20,444,000 | 0.01% |
| Envoy Medical Inc |
No change
262,156
|
$13,108,000 | 0.01% |
| Gct Semiconductor Hldg Inc |
No change
75,000
|
$11,250,000 | 0.01% |
| Vast Renewables Limited |
No change
75,000
|
$9,998,000 | 0.01% |
| Slam Corp |
No change
37,500
|
$9,330,000 | 0.01% |
| Churchill Capital Corp VII |
No change
20,000
|
$7,000,000 | 0.00% |
| Rigel Resource Acq Corp |
No change
25,000
|
$6,915,000 | 0.00% |
| Brand Engagement Network Inc |
No change
166,666
|
$5,250,000 | 0.00% |
| Healthcare Ai Acquisition Co |
No change
121,400
|
$4,856,000 | 0.00% |
| Perception Capital Corp Iv |
No change
75,000
|
$4,815,000 | 0.00% |
| Carbon Revolution Ltd |
No change
141,666
|
$4,108,000 | 0.00% |
| Critical Metals Corp |
No change
12,500
|
$3,813,000 | 0.00% |
| Everest Consolidator Acq Cor |
No change
17,500
|
$3,558,000 | 0.00% |
| Pinstripes Holdings Inc |
No change
22,500
|
$2,502,000 | 0.00% |
| Allurion Technologies Inc |
No change
15,311
|
$2,450,000 | 0.00% |
| Spring Valley Acquistn Corp |
No change
25,000
|
$2,000,000 | 0.00% |
| Pyrophyte Acquisition Corp. |
No change
25,000
|
$1,250,000 | 0.00% |
| Semantix Inc |
Closed
66,500
|
$765,000 | |
| Tevogen Bio Hldgs Inc |
No change
12,500
|
$369,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 39 holdings | |||
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