Brooktree Capital Management
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 2, 2026), Brooktree Capital Management reported 41 stock positions worth $150.3 million. Its top holding was Interactive Brokers Gro Class A (IBKR) at 17.1% of the portfolio, followed by Rimini Street (RMNI, 9.9%) and Par Technology (PAR, 9.4%). Compared with Q3 2025, it sold out of 1, added to 6 and reduced 16. The biggest buy was People (PPLI, shares +10%) and the biggest sale Fiserv (FISV, shares −28%).
- Most Recent 13F
- Q2 2026
- Location
- Grand Rapids, MI
- CIK
- 0001021296
- Portfolio Value
- $150.3M (Q4 2025)
- SEC Filing
- 0000905729-26-000031 ↗ filed Feb 2, 2026
Holdings Value
Holdings 41 stocks · $150.3M
| IBKR Interactive Brokers Gro Class A | 17.14% | 400,728 | $25.8M | Reduce -3.9% |
| RMNI Rimini Street Inc. | 9.90% | 3,836,703 | $14.9M | Reduce -1.6% |
| PAR Par Technology Corp. | 9.40% | 389,408 | $14.1M | Add +9.9% |
| PPLI People Inc. filed as IAC INC | 8.35% | 320,899 | $12.5M | Add +9.6% |
| BFH Bread Financial Holdings Inc. | 7.98% | 162,064 | $12.0M | Reduce -1.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 7.33% | 21,916 | $11.0M | Reduce -1.1% |
| QCOM Qualcomm Inc. | 5.93% | 52,124 | $8.9M | Add +2.5% |
| THRY Thryv Holdings Inc. | 5.47% | 1,358,938 | $8.2M | Add +61.5% |
| JNJ Johnson & Johnson | 4.11% | 29,879 | $6.2M | Reduce -1.1% |
| EXTR Extreme Networks Inc. | 2.46% | 222,085 | $3.7M | Reduce -1.4% |
| PFE Pfizer Inc. | 2.00% | 120,510 | $3.0M | Reduce -7.0% |
| DXCM Dexcom Inc. | 1.97% | 44,657 | $3.0M | Add +6.6% |
| RKT Rocket Cos Inc. Class A | 1.88% | 145,644 | $2.8M | Reduce -2.0% |
| FISV Fiserv Inc. | 1.79% | 40,069 | $2.7M | Reduce -27.7% |
| GD General Dynamics Corp. | 1.54% | 6,859 | $2.3M | Reduce -2.2% |
| MSFT Microsoft Corp. | 1.47% | 4,584 | $2.2M | Reduce -1.8% |
| LLY Eli Lilly & Co. | 1.47% | 2,058 | $2.2M | Reduce -0.5% |
| DXC DXC Technology Co. | 1.01% | 103,308 | $1.5M | Reduce -1.9% |
| WST West Pharmaceutical Services | 0.94% | 5,159 | $1.4M | Reduce -2.6% |
| IYW iShares Ustechnology ETF | 0.86% | 6,476 | $1.3M | Reduce -4.0% |
| XOM Exxon Mobil Corp. | 0.81% | 10,076 | $1.2M | No change |
| ABBV Abbvie Inc. | 0.75% | 4,958 | $1.1M | No change |
| SYK Stryker Corp. | 0.63% | 2,693 | $947K | No change |
| MCD McDonald's Corp. | 0.47% | 2,296 | $702K | No change |
| JPM JPMorgan Chase & Co. | 0.43% | 2,000 | $644K | No change |
| ABT Abbott Laboratories | 0.43% | 5,100 | $639K | No change |
| GOOG Alphabet Inc. Class C | 0.42% | 2,000 | $628K | No change |
| GOOGL Alphabet Inc. Class A | 0.42% | 2,000 | $626K | No change |
| AAPL Apple Inc. | 0.39% | 2,175 | $591K | No change |
| PEP Pepsico Inc. | 0.28% | 2,950 | $423K | No change |
| HD Home Depot Inc. | 0.23% | 1,015 | $349K | No change |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.22% | 2,860 | $332K | No change |
| AMGN Amgen Inc. | 0.22% | 1,000 | $327K | No change |
| NET Cloudflare Inc. Class A | 0.19% | 1,445 | $285K | Reduce -1.0% |
| KO The Coca-Cola Co. | 0.19% | 4,000 | $280K | No change |
| AMZN Amazon.com Inc. | 0.18% | 1,177 | $272K | No change |
| EMR Emerson Electric Co. | 0.18% | 2,000 | $265K | No change |
| PG The Procter & Gamble Co. | 0.15% | 1,600 | $229K | No change |
| CL Colgate-Palmolive Co. | 0.15% | 2,850 | $225K | No change |
| WIX Wix.com Ltd. | 0.14% | 2,031 | $211K | Add +30.9% |
| KMB Kimberly-Clark Corp. | 0.13% | 2,000 | $202K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| FISV Fiserv Inc. | Reduce -27.7% | 1.79% | −2.75 |
| RMNI Rimini Street Inc. | Reduce -1.6% | 9.90% | −1.69 |
| IBKR Interactive Brokers Gro Class A | Reduce -3.9% | 17.14% | −1.09 |
| EXTR Extreme Networks Inc. | Reduce -1.4% | 2.46% | −0.50 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.18 |
| PFE Pfizer Inc. | Reduce -7.0% | 2.00% | −0.10 |
| MSFT Microsoft Corp. | Reduce -1.8% | 1.47% | −0.06 |
| NET Cloudflare Inc. Class A | Reduce -1.0% | 0.19% | −0.01 |
| GD General Dynamics Corp. | Reduce -2.2% | 1.54% | +0.02 |
| IYW iShares Ustechnology ETF | Reduce -4.0% | 0.86% | +0.02 |
| RKT Rocket Cos Inc. Class A | Reduce -2.0% | 1.88% | +0.04 |
| WST West Pharmaceutical Services | Reduce -2.6% | 0.94% | +0.06 |
| DXC DXC Technology Co. | Reduce -1.9% | 1.01% | +0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.1% | 7.33% | +0.25 |
| LLY Eli Lilly & Co. | Reduce -0.5% | 1.47% | +0.47 |
| JNJ Johnson & Johnson | Reduce -1.1% | 4.11% | +0.55 |
| BFH Bread Financial Holdings Inc. | Reduce -1.2% | 7.98% | +2.17 |
Portfolio Buys Q3 2025 → Q4 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 44 | $153.2M | IBKR, RMNI, PAR, PPLI, BFH |
| Q1 2026 | 44 | $126.1M | IBKR, RMNI, PPLI, PAR, BRK.B |
| Q4 2025 | 41 | $150.3M | IBKR, RMNI, PAR, PPLI, BFH |
| Q3 2025 | 42 | $157.4M | IBKR, RMNI, PAR, BRK.B, THRY |
| Q2 2025 | 41 | $152.9M | IBKR, PAR, RMNI, BRK.B, PPLI |
| Q1 2025 | 24 | $133.3M | IBKR, PAR, RMNI, IACVV, BRK.B |
| Q4 2024 | 22 | $134.8M | PAR, IBKR, RMNI, FISV, BFH |
| Q3 2024 | 25 | $123.1M | IBKR, PAR, BRK.B, PPLI, FISV |
| Q2 2024 | 23 | $116.9M | IBKR, PAR, RMNI, BRK.B, QCOM |
| Q1 2024 | 24 | $129.7M | IBKR, PAR, BRK.B, PPLI, THRY |