Spindletop Capital, LLC
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Portfolio style
Measured from the filed 13F common-share book for Sep 30, 2020, never from the firm's own description.
Closest benchmark: the S&P 500 as of 2020-09-30, active share 98.3%; sector active share 92.2% against the combined 13F book's sector weights.
Over time 2 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
2 tracked positions · as of Sep 30, 2020 · Δ vs Mar 31, 2020Portfolio Trend
Sector Breakdown
As of Sep 30, 2020| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 100.0% | $8,710,600 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increasedNew Positions
Positions the filer opened this quarterSold Out
Positions the filer fully exited| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| — | 200,000 | $16,078,000 | ||
| — | 70,000 | $10,576,000 | ||
| AIG | American International Group, Inc. | 275,000 | $6,668,750 | |
| AJG | Arthur J. Gallagher & Co. | 42,500 | $3,464,175 | |
| WFC | Wells Fargo & Company | 115,000 | $3,300,500 | |
| USB | US Bancorp De | 83,500 | $2,876,575 | |
| TRTN | Triton International Ltd | 100,000 | $2,587,000 | |
| — | 3,650 | $2,016,000 | ||
| BAC | Bank Of America Corp | 76,500 | $1,624,095 | |
| GATX | Gatx Corp | 19,000 | $1,188,640 | |
| JPM | Jpmorgan Chase & Co | 5,000 | $450,150 | |
| TCBI | Texas Capital Bancshares Inc | 20,000 | $443,400 | |
| BKU | BankUnited, Inc. | 5,000 | $93,500 | |
| No positions match the current search. | ||||
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Reduced | 30,000 | $6,388,200 | 73.34% | |
| CB |
Chubb Ltd
Financial Services
|
Reduced | 20,000 | $2,322,400 | 26.66% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.