Breakout Capital Partners, LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Breakout Capital Partners, LP reported 7 stock positions worth $140.4 million. Its top holding was Itau Unibanco H-Spon PRF ADR (ITUB) at 16.8% of the portfolio, followed by Makemytrip (MMYT, 16.5%) and Kranesh Csi China Internet (KWEB, 16.4%). Compared with Q3 2025, it sold out of 1, added to 6 and reduced 1. The biggest buy was Makemytrip (MMYT, shares +20%) and the biggest sale an exit from XP Class A (XP).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001935243
- Portfolio Value
- $140.4M (Q4 2025)
- SEC Filing
- 0001935243-26-000003 ↗ filed Feb 17, 2026
Holdings Value
Holdings 7 stocks · $140.4M
| ITUB Itau Unibanco H-Spon PRF ADR | 16.82% | 3,297,361 | $23.6M | Add +3.7% |
| MMYT Makemytrip Ltd. | 16.48% | 281,808 | $23.1M | Add +20.4% |
| KWEB Kranesh Csi China Internet | 16.37% | 675,080 | $23.0M | Add +0.6% |
| EWM iShares MSCI Malaysia ETF | 15.37% | 788,698 | $21.6M | Add +0.6% |
| HDB HDFC Bank Ltd.-ADR | 12.84% | 493,371 | $18.0M | Add +0.8% |
| ARGT Global X MSCI Argentina ETF | 12.14% | 186,400 | $17.0M | Reduce -12.6% |
| PBR Petroleo Brasileiro-Spon ADR | 9.98% | 1,182,589 | $14.0M | Add +0.8% |
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
| MMYT Makemytrip Ltd. | Add +20.4% | 16.48% | +2.53 |
| EWM iShares MSCI Malaysia ETF | Add +0.6% | 15.37% | +2.43 |
| HDB HDFC Bank Ltd.-ADR | Add +0.8% | 12.84% | +2.19 |
| ITUB Itau Unibanco H-Spon PRF ADR | Add +3.7% | 16.82% | +1.96 |
| PBR Petroleo Brasileiro-Spon ADR | Add +0.8% | 9.98% | +0.53 |
| KWEB Kranesh Csi China Internet | Add +0.6% | 16.37% | −1.57 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 8 | $163.9M | MMYT, ITUB, EWM, ACN, VIST |
| Q1 2026 | 8 | $173.9M | ACN, ITUB, PBR, ARGT, EWM |
| Q4 2025 | 7 | $140.4M | ITUB, MMYT, KWEB, EWM, HDB |
| Q3 2025Amended | 8 | $157.0M | KWEB, ITUB, MMYT, EWM, XP |
| Q2 2025 | 6 | $102.1M | ITUB, HDB, KWEB, ARGT, PBR |
| Q1 2025 | 7 | $109.2M | KWEB, ITUB, PBR, HDB, ECH |
| Q4 2024 | 7 | $87.9M | HDB, PBR, ITUB, ECH, KWEB |
| Q3 2024 | 7 | $92.3M | ITUB, PBR, HDB, ECH, KSPI |
| Q2 2024 | 6 | $82.9M | PBR, ITUB, ECH, HDB, KSPI |
| Q1 2024 | 9 | $149.4M | ITUB, VNM, PBR, ECH, BAP |