Point Break Capital Management 13F annual report

Point Break Capital Management is an investment fund managing more than $92.1 billion ran by Leonardo Gomez. There are currently 15 companies in Mr. Gomez’s portfolio. The largest investments include Caesars Entertainment Inc Ne and Alphabet Inc, together worth $54.7 billion.

$92.1 billion Assets Under Management (AUM)

As of 7th August 2024, Point Break Capital Management’s top holding is 1,220,928 shares of Caesars Entertainment Inc Ne currently worth over $48.5 billion and making up 52.7% of the portfolio value. In addition, the fund holds 34,150 shares of Alphabet Inc worth $6.22 billion, whose value grew 12.8% in the past six months. The third-largest holding is Microsoft worth $5.77 billion and the next is Amazon.com worth $5.22 billion, with 27,017 shares owned.

Currently, Point Break Capital Management's portfolio is worth at least $92.1 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 Point Break Capital Management

The Point Break Capital Management office and employees reside in Miami, Florida. According to the last 13-F report filed with the SEC, Leonardo Gomez serves as the Authorized Signatory at Point Break Capital Management.

Recent trades

In the most recent 13F filing, Point Break Capital Management revealed that it had opened a new position in Microsoft and bought 12,900 shares worth $5.77 billion. This means they effectively own approximately 0.1% of the company. Microsoft makes up 32.7% of the fund's Technology sector allocation and has grown its share price by 27.8% in the past year.

The investment fund also strengthened its position in Caesars Entertainment Inc Ne by buying 51,100 additional shares. This makes their stake in Caesars Entertainment Inc Ne total 1,220,928 shares worth $48.5 billion.

On the other hand, there are companies that Point Break Capital Management is getting rid of from its portfolio. Point Break Capital Management closed its position in Ishares Inc on 14th August 2024. It sold the previously owned 138,928 shares for $8.17 billion. Leonardo Gomez also disclosed a decreased stake in Ishares Inc by 0.4%. This leaves the value of the investment at $2.83 billion and 41,435 shares.

One of the smallest hedge funds

The two most similar investment funds to Point Break Capital Management are Schaeffer and Cyr. They manage $92.1 billion and $92 billion respectively.


Leonardo Gomez investment strategy

Point Break Capital Management’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Technology — making up 19.1% of the total portfolio value. The fund focuses on investments in the United States as 53.3% 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 60% 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 $491 billion.

The complete list of Point Break Capital Management 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
Caesars Entertainment Inc Ne
4.37%
1,220,928
$48,519,679,000 52.68%
Ishares Inc
Closed
138,928
$8,170,912,000
Alphabet Inc
83.60%
34,150
$6,220,423,000 6.75%
Microsoft Corporation
Opened
12,900
$5,765,655,000 6.26%
Amazon.com Inc.
48.84%
27,017
$5,221,035,000 5.67%
Eli Lilly & Co
83.30%
4,401
$3,984,577,000 4.33%
Meta Platforms Inc
33.66%
6,830
$3,443,823,000 3.74%
UBS Group AG
22.76%
102,927
$3,040,464,000 3.30%
Shift4 Pmts Inc
Opened
38,890
$2,852,582,000 3.10%
Asml Holding N V
Opened
2,770
$2,832,962,000 3.08%
Ishares Inc
35.76%
41,435
$2,827,524,000 3.07%
Pinterest Inc
No change
50,000
$2,203,500,000 2.39%
S&P Global Inc
83.33%
4,939
$2,202,794,000 2.39%
Goldman Sachs Group, Inc.
83.44%
2,968
$1,342,486,000 1.46%
Invesco Exch Traded Fd Tr Ii
Closed
18,800
$1,008,808,000
Alibaba Group Hldg Ltd
No change
11,860
$853,920,000 0.93%
Visa Inc
Opened
3,000
$787,410,000 0.85%
No transactions found
Showing first 500 out of 17 holdings