Berry Street Capital Management LLP

CIK

1804007

Location

LONDON, X0

Portfolio Value

Small $281,097,344

Diversification

Diversified

Filing Date

Global Rank

#3,734 / 7,036 ▼ 682 · as of Sep 2023

Top Industry

Luxury Goods 39.4%

3Y Alpha vs SPY

-41.7%

Period ended 3 years ago

Filed Nov 13, 2023 · 2y

12 quarters · since Dec 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Sep 30, 2023, never from the firm's own description.

Style

Concentrated

The top 10 positions are 88.7% of the book (60%+)

Turnover

High turnover

155.0% over the last four quarters (100%+)

Horizon

Short horizon

Value-weighted holding period 3.6 quarters (under 4)

Closest benchmark: the Russell 1000 as of 2023-09-30, active share 99.5%; sector active share 65.3% against the combined 13F book's sector weights.

Over time 12 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 backtest

Portfolio Concentration

24 tracked positions · as of Sep 30, 2023 · Δ vs Jun 30, 2023

Top Position

15.8%

−0.1 pts

Top 5

65.8%

+1.1 pts

Top 10

84.2%

+1.4 pts

HHI

1,011

Diversified−4

Portfolio Trend

12 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2023

Sector	% Portfolio	Value	Positions
Unclassified	73.9%	$207,603,688	15
Consumer Cyclical	11.2%	$31,495,656	2
Consumer Defensive	9.2%	$25,878,125	1
Technology	2.5%	$7,046,875	1
Healthcare	1.2%	$3,464,000	1
Basic Materials	0.9%	$2,492,375	2
Utilities	0.6%	$1,672,875	1
Industrials	0.5%	$1,443,750	1

Last Quarter's Activity

Export CSV

Sep 30, 2023 vs Jun 30, 2023

Added To

Positions the filer increased

2 positions

Ticker	Δ Shares	Shares	Value
—	+118,750	206,250	$43,755,938
—	+75,000	450,000	$42,133,500
No positions match the current search.

Trimmed

Positions the filer reduced

7 positions

Ticker	Company	Δ Shares	Shares	Value
ACI	Albertsons Companies, Inc.	−237,500	762,500	$17,346,875
—		−168,750	193,750	$0
SIMO	Silicon Motion Technology CORP	−118,750	137,500	$7,046,875
—		−106,250	87,500	$10,122,875
TECK	Teck Resources Ltd	−87,500	12,500	$538,625
—		−87,500	87,500	$5,722,500
—		−37,500	275,000	$5,456,000
No positions match the current search.

New Positions

Positions the filer opened this quarter

10 positions

Ticker	Company	Shares	Value
CPRI	Capri Holdings Ltd	362,500	$19,071,125
—		62,500	$5,837,500
—		212,500	$5,737,500
—		550,000	$5,670,500
—		37,500	$5,484,375
EW	Edwards Lifesciences Corp	50,000	$3,464,000
CSV	Carriage Services Inc	90,625	$2,560,156
TXNM	Txnm Energy Inc	37,500	$1,672,875
SAVE	Spirit Aviation Holdings, Inc.	87,500	$1,443,750
—		62,500	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
—		312,500	$13,168,750
TSEM	Tower Semiconductor Ltd	349,928	$13,129,298
—		200,000	$11,480,000
MXL	Maxlinear, Inc	112,500	$3,550,500
—		25,000	$1,131,250
—		200,000	$0
—		62,500	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

24 tracked positions · $281,097,344 total · filing declares 29 positions · $340,380,969 · as of Sep 30, 2023

All sectors Basic Materials Consumer Cyclical Consumer Defensive Healthcare Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
TLT	iShares 20+ Year Treasury Bond ETF CALL	NEW	500,000	NEW	$44,345,000	NEW	—	—	15.78%
		Reduced	206,250	-131,250	$43,755,938	−32.6%	3	unpriced	15.57%
		Reduced	450,000	-312,500	$42,133,500	−34.5%	7	unpriced	14.99%
CPRI	Capri Holdings Ltd CALL + SHARES Consumer Cyclical	NEW	550,000	NEW	$28,935,500	NEW	1	$45.35	10.29%
ACI	Albertsons Companies, Inc. CALL + SHARES Consumer Defensive	Added	1,137,500	+137,500	$25,878,125	+18.6%	4	$21.34	9.21%
QQQ	Invesco Qqq Trust, Series 1 CALL	NEW	50,000	NEW	$17,913,500	NEW	—	—	6.37%
SPY	Spdr S&P 500 ETF Trust PUT	Reduced	25,000	-112,500	$10,687,000	−82.5%	—	—	3.80%
		Reduced	87,500	-418,750	$10,122,875	−80.6%	4	unpriced	3.60%
SIMO	Silicon Motion Technology CORP Technology	Reduced	137,500	-118,750	$7,046,875	−61.7%	6	$70.54	2.51%
		NEW	62,500	NEW	$5,837,500	NEW	1	unpriced	2.08%
		NEW	212,500	NEW	$5,737,500	NEW	1	unpriced	2.04%
		Reduced	87,500	-87,500	$5,722,500	−43.8%	2	unpriced	2.04%
		NEW	550,000	NEW	$5,670,500	NEW	1	unpriced	2.02%
		NEW	37,500	NEW	$5,484,375	NEW	1	unpriced	1.95%
		Reduced	275,000	-37,500	$5,456,000	−0.7%	3	unpriced	1.94%
	CALL	Added	125,000	+100,000	$4,737,500	+318.8%	—	—	1.69%
EW	Edwards Lifesciences Corp Healthcare	NEW	50,000	NEW	$3,464,000	NEW	1	$80.36	1.23%
CSV	Carriage Services Inc Consumer Cyclical	NEW	90,625	NEW	$2,560,156	NEW	1	$31.51	0.91%
CLF	Cleveland-Cliffs Inc. PUT Basic Materials	NEW	125,000	NEW	$1,953,750	NEW	—	—	0.70%
TXNM	Txnm Energy Inc Utilities	NEW	37,500	NEW	$1,672,875	NEW	1	$44.66	0.60%
SAVE	Spirit Aviation Holdings, Inc. Industrials	NEW	87,500	NEW	$1,443,750	NEW	1	unpriced	0.51%
TECK	Teck Resources Ltd Basic Materials	Reduced	12,500	-87,500	$538,625	−87.2%	2	$42.97	0.19%
		NEW	62,500	NEW	$0	NEW	1	unpriced	0.00%
		Reduced	193,750	-531,250	$0	—	6	unpriced	0.00%

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.