Polus Capital Management Ltd

CIK

1890538

Location

London, X0

Portfolio Value

Small $420,272,584

Diversification

Highly concentrated

Filing Date

Global Rank

#3,096 / 7,372 ▲ 612 · as of Sep 2024

Top Industry

Software - Application 100.0%

3Y Alpha vs SPY

-14.2%

Period ended 1 year ago

Filed Nov 14, 2024 · 1y

8 quarters · since Dec 2022

Clone Performance

Sep 2023–Apr 2025 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Not a measure of this manager's performance. Most of Polus Capital Management Ltd's reported book is option positions, which a stock-only clone cannot replicate. The figures below are the return of the 13% that is ordinary stock — as little as 1% in one quarter — so a manager whose options thesis lost money can still show a large gain here.

Cloned portfolio

-3.7%

SPY

+19.7%

Annualised alpha

-14.2%

Max drawdown

−25.8%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends. Captured split ratios restate closes onto one basis; only an unusable ratio can exclude earlier closes for that listing. It tracks 13% of reported value on average across 6 quarters.Polus Capital Management Ltd has stopped filing, so the simulation ends in Apr 2025 — where its last reported portfolio went stale — rather than trading that portfolio forward to today. Past performance does not predict future results.

Portfolio Concentration

5 tracked positions · as of Sep 30, 2024 · Δ vs Jun 30, 2024

Top Position

49.9%

−28.0 pts

Top 5

100.0%

0.0 pts

Top 10

100.0%

0.0 pts

HHI

3,794

Highly concentrated−2,499

Portfolio Trend

8 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2024

Sector	% Portfolio	Value	Positions
Unclassified	99.1%	$416,668,790	4
Technology	0.9%	$3,603,794	1

Last Quarter's Activity

Export CSV

Sep 30, 2024 vs Jun 30, 2024

Added To

Positions the filer increased

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
SPY	Spdr S&P 500 ETF Trust	+201,500	251,500	$144,300,640
No positions match the current search.

Trimmed

Positions the filer reduced

2 positions

Ticker	Company	Δ Shares	Shares	Value
AAXJ	iShares MSCI All Country Asia ex Japan ETF	−295,000	950,000	$209,845,500
DBD	DIEBOLD NIXDORF, Inc	−50,912	80,694	$3,603,794
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	222,500	$21,387,150
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

5 tracked positions · $420,272,584 total · filing declares 6 positions · $420,272,584 · as of Sep 30, 2024

All sectors Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAXJ	iShares MSCI All Country Asia ex Japan ETF PUT	Reduced	950,000	-295,000	$209,845,500	−16.9%	49.93%
SPY	Spdr S&P 500 ETF Trust PUT	Added	251,500	+201,500	$144,300,640	+430.3%	34.34%
BKF	iShares MSCI BIC ETF PUT	Held	575,000	0	$41,135,500	+4.8%	9.79%
BWX	State Street SPDR Bloomberg International Treasury Bond ETF PUT	NEW	222,500	NEW	$21,387,150	NEW	5.09%
DBD	DIEBOLD NIXDORF, Inc Technology	Reduced	80,694	-50,912	$3,603,794	−28.8%	0.86%

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.