Breakout Capital Partners, LP

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Breakout Capital Partners, LP reported 7 stock positions worth $87.9 million. Its top holding was HDFC Bank Ltd.-ADR (HDB) at 17.8% of the portfolio, followed by Petroleo Brasileiro-Spon ADR (PBR, 17.2%) and Itau Unibanco H-Spon PRF ADR (ITUB, 16.3%). Compared with Q3 2024, it added to 1. The biggest buy was Kranesh Csi China Internet (KWEB, shares +93%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001935243
Portfolio Value
$87.9M (Q4 2024)
SEC Filing
0001085146-25-001513 ↗ filed Feb 14, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $149.4M Q1 2024 Q2 2024: $82.9M Q2 2024 Q3 2024: $92.3M Q3 2024 Q4 2024: $87.9M $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 7 stocks · $87.9M
HDB HDFC Bank Ltd.-ADR 17.78% 244,840 $15.6M No change
PBR Petroleo Brasileiro-Spon ADR 17.15% 1,172,682 $15.1M No change
ITUB Itau Unibanco H-Spon PRF ADR 16.30% 2,889,659 $14.3M No change
ECH iShares MSCI Chile ETF 15.28% 536,628 $13.4M No change
KWEB Kranesh Csi China Internet 14.72% 442,700 $12.9M Add +93.5%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 14.11% 131,000 $12.4M No change
VNM Vaneck Vietnam ETF 4.65% 356,142 $4.1M No change

Options reported separately and not counted above: KSPI puts ($9.5M).

Portfolio Sells Q3 2024 → Q4 2024
None this quarter.

Portfolio Buys Q3 2024 → Q4 2024
KWEB Kranesh Csi China Internet Add +93.5% 14.72% +6.29

Options Activity Q3 2024 → Q4 2024
KSPI JSC Kaspi.kz ADR put Reduce -0.2% 99,800 $9.5M

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