Breakout Capital Partners, LP

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Breakout Capital Partners, LP reported 6 stock positions worth $82.9 million. Its top holding was Petroleo Brasileiro-Spon ADR (PBR) at 20.5% of the portfolio, followed by Itau Unibanco H-Spon PRF ADR (ITUB, 20.4%) and iShares MSCI Chile ETF (ECH, 20.3%). Compared with Q1 2024, it opened 1 new position, sold out of 4 and reduced 2. The biggest buy was a new position in JSC Kaspi.kz ADR (KSPI) and the biggest sale an exit from Credicorp (BAP).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001935243
Portfolio Value
$82.9M (Q2 2024)
SEC Filing
0001085146-24-004005 ↗ filed Aug 14, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $149.4M Q1 2024 Q2 2024: $82.9M $82.9M Q2 2024 Q3 2024: $92.3M Q3 2024 Q4 2024: $87.9M Q4 2024 Q1 2025: $109.2M Q1 2025 Q2 2025: $102.1M Q2 2025 Q3 2025: $157.0M Q3 2025 Q4 2025: $140.4M Q4 2025 Q1 2026: $173.9M Q1 2026 Q2 2026: $163.9M Q2 2026

Holdings 6 stocks · $82.9M
PBR Petroleo Brasileiro-Spon ADR 20.50% 1,172,682 $17.0M No change
ITUB Itau Unibanco H-Spon PRF ADR 20.36% 2,889,659 $16.9M No change
ECH iShares MSCI Chile ETF 20.31% 650,828 $16.8M No change
HDB HDFC Bank Ltd.-ADR 19.00% 244,840 $15.8M Reduce -13.0%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 15.02% 96,500 $12.4M New
VNM Vaneck Vietnam ETF 4.82% 328,042 $4.0M Reduce -76.7%

Portfolio Sells Q1 2024 → Q2 2024
BAP Credicorp Ltd. Sold out 0.00% −11.56
INDA iShares MSCI India ETF Sold out 0.00% −10.82
ASAIY Sendas Distribuidora SA Sold out 0.00% −9.55
VNM Vaneck Vietnam ETF Reduce -76.7% 4.82% −8.26
PDD PDD Holdings Inc. Sold out 0.00% −7.53
HDB HDFC Bank Ltd.-ADR Reduce -13.0% 19.00% +8.45

Portfolio Buys Q1 2024 → Q2 2024
KSPI JSC Kaspi.kz ADR New 15.02% +15.02

Options Activity Q1 2024 → Q2 2024
INDA iShares MSCI India ETF put Sold out 1,010,000 $52.1Mbefore exit
PDD PDD Holdings Inc. put Sold out 94,300 $11.0Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 8$163.9MMMYT, ITUB, EWM, ACN, VIST
Q1 2026 8$173.9MACN, ITUB, PBR, ARGT, EWM
Q4 2025 7$140.4MITUB, MMYT, KWEB, EWM, HDB
Q3 2025Amended 8$157.0MKWEB, ITUB, MMYT, EWM, XP
Q2 2025 6$102.1MITUB, HDB, KWEB, ARGT, PBR
Q1 2025 7$109.2MKWEB, ITUB, PBR, HDB, ECH
Q4 2024 7$87.9MHDB, PBR, ITUB, ECH, KWEB
Q3 2024 7$92.3MITUB, PBR, HDB, ECH, KSPI
Q2 2024 6$82.9MPBR, ITUB, ECH, HDB, KSPI
Q1 2024 9$149.4MITUB, VNM, PBR, ECH, BAP