Breach Inlet Capital Management 13F annual report
Breach Inlet Capital Management is an investment fund managing more than $122 billion ran by David Emmel. There are currently 11 companies in Mr. Emmel’s portfolio. The largest investments include Daktronics and Atlanta Braves Inc, together worth $38.4 billion.
$122 billion Assets Under Management (AUM)
As of 7th August 2024, Breach Inlet Capital Management’s top holding is 1,431,548 shares of Daktronics currently worth over $20 billion and making up 16.4% of the portfolio value.
Relative to the number of outstanding shares of Daktronics, Breach Inlet Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 466,969 shares of Atlanta Braves Inc worth $18.4 billion, whose value grew 2.4% in the past six months.
The third-largest holding is Hilton Grand Vacations Inc worth $16.4 billion and the next is International Mny Express In worth $13.6 billion, with 654,878 shares owned.
Currently, Breach Inlet Capital Management's portfolio is worth at least $122 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 Breach Inlet Capital Management
The Breach Inlet Capital Management office and employees reside in Mt. Pleasant, South Carolina. According to the last 13-F report filed with the SEC, David Emmel serves as the CHIEF COMPLIANCE OFFICER & SENIOR ANALYST at Breach Inlet Capital Management.
Recent trades
In the most recent 13F filing, Breach Inlet Capital Management revealed that it had opened a new position in
Manchester Utd Plc New and bought 303,985 shares worth $4.91 billion.
The investment fund also strengthened its position in Hilton Grand Vacations Inc by buying
67,732 additional shares.
This makes their stake in Hilton Grand Vacations Inc total 406,357 shares worth $16.4 billion.
Hilton Grand Vacations Inc dropped 22.2% in the past year.
On the other hand, there are companies that Breach Inlet Capital Management is getting rid of from its portfolio.
Breach Inlet Capital Management closed its position in IES Inc on 14th August 2024.
It sold the previously owned 31,899 shares for $3.88 billion.
David Emmel also disclosed a decreased stake in Daktronics by 0.1%.
This leaves the value of the investment at $20 billion and 1,431,548 shares.
One of the smallest hedge funds
The two most similar investment funds to Breach Inlet Capital Management are Byrne Asset Management and Patrick M Sweeney & Associates, Inc. They manage $122 billion and $122 billion respectively.
David Emmel investment strategy
Breach Inlet Capital Management’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 30.7% of
the total portfolio value.
The fund focuses on investments in the United States as
72.7% 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
approximately 0.1% 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 $1.43 billion.
The complete list of Breach Inlet 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 |
|---|---|---|---|
| Daktronics Inc. |
10.65%
1,431,548
|
$19,970,095,000 | 16.38% |
| Atlanta Braves Holdings Inc |
No change
466,969
|
$18,417,257,000 | 15.11% |
| Hilton Grand Vacations Inc |
20.00%
406,357
|
$16,429,014,000 | 13.48% |
| International Mny Express In |
12.30%
654,878
|
$13,647,658,000 | 11.20% |
| Tiptree Inc |
8.42%
692,506
|
$11,419,424,000 | 9.37% |
| PROG Holdings, Inc. |
No change
289,338
|
$10,034,242,000 | 8.23% |
| Everi Holdings Inc |
73.99%
993,263
|
$8,343,409,000 | 6.84% |
| Stride Inc |
44.75%
109,349
|
$7,709,105,000 | 6.32% |
| Janus International Group In |
51.11%
483,524
|
$6,106,908,000 | 5.01% |
| Onewater Marine Inc |
37.30%
178,085
|
$4,909,803,000 | 4.03% |
| Manchester Utd Plc New |
Opened
303,985
|
$4,906,318,000 | 4.03% |
| IES Holdings Inc |
Closed
31,899
|
$3,880,194,000 | |
| No transactions found | |||
| Showing first 500 out of 12 holdings | |||
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