Equal-WT
WhaleScore 2.0
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Potrero Capital Research is based out of San Francisco. Potrero Capital Research is a hedge fund with 4 clients and discretionary assets under management (AUM) of $344,372,654 (Form ADV from 2024-03-26). Their last reported 13F filing for Q4 2024 included $298,708,185 in managed 13F securities
and a top 10 holdings concentration of 75.04%. Potrero Capital Research's largest holding is iShares Russell 2000 ETF with shares held of 270,000. Whalewisdom has at least 37 13F filings, 5 13D filings, and 1 13G filings
Business Description
Potrero Capital Research, LLC ("Potrero" or the "Firm") is a Delaware limited liability company formed on February 27, 2003. Jack R. Ripsteen is the Managing Member and sole owner of Potrero.
Advisory services are tailored to achieve the Funds’ investment objectives. The Funds’ investment objective is to seek long-term capital appreciation through investments in and short sales of equity securities of small capitalization companies. Potrero has the authority to select which and how many securities and other instruments to buy or sell without consultation with the Clients or Investors.
Investment Strategy
Potrero Capital Research, LLC aims for long-term capital appreciation through investments in and short sales of equity securities, primarily focusing on small capitalization companies. They may also invest in mid-to-large capitalization companies based on their assessment of the investment environment. Potrero employs intensive research and a value-oriented discipline to identify overlooked companies with strong fundamentals, believing that opportunities for superior returns exist regardless of overall market conditions.
To establish short positions, Potrero seeks equities with deteriorating fundamentals and near-term negative catalysts. They may also use "pairs trades," shorting a similar sector or market as one of their long positions. While Potrero may use leverage to hedge assets and enhance returns, it is not expected to be a significant part of their investment strategy. Additionally, they may use stock and stock index put and call options as hedges against market risk.
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2024-12-31
Top Buys (13F)
| Name | % Change |
|---|---|
| IWM iShares Russell 2000 (PUT) | 19.97% |
| TAC TransAlta Corp. ADR | 9.4% |
| FLR Fluor Corporation | 4.73% |
| BELFB Bel Fuse, Inc. Class | 2.28% |
| CROX Crocs Inc | 1.12% |
2024-12-31
Top Sells (13F)
| Name | % Change |
|---|---|
| GEV GE Vernova Inc (PUT) | 5.81% |
| CPRI Capri Holdings Ltd | 5.51% |
| FIVN Five9 Inc | 4.94% |
| VRT Vertiv Holdings Co | 4.23% |
| LINE Lineage Inc | 3.1% |
2024-12-31
13F Holdings Summary
| Name | $ Change |
|---|---|
| IWM iShares Russell 2000(PUT) | 19.97% |
| TAC TransAlta Corp. ADR | 11.01% |
| ZUO Zuora Inc | 7.39% |
| GEV GE Vernova Inc | 6.18% |
| DBRG DigitalBridge Group | 5.52% |
2024-12-31
13F Activity
| Market Value | $299m, Prior: $316m |
| Inflows (Outflows) as % of Total MV | (-12.1144)% |
| New Purchases | 4 stocks |
| Added To | 4 stocks |
| Sold out of | 12 stocks |
| Reduced holdings in | 12 stocks |
| Top 10 Holdings % | 75.04% |
| Turnover %[1] | 41.03% |
| Turnover Alt %[2] | 38.13% |
| Time Held Top 20 | 2.95 quarters |
| Time Held Top 10 | 2 quarters |
| Time Held All | 4.11 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-12-31
13F Sector Allocation Over Time
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2024-12-31
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-12-31