Berry Street Capital Management LLP

LONDON, X0 · CIK 1804007 · 13F filing filed 2023-11-13

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityBERRY STREET CAPITAL MANAGEMENT LLP (GB)

KindFCA fund manager
Others nearbyLondon

As an employer

Staff in the UK2

In the UK

FCA-authorised companies1
Manages investmentsyes
Runs fundsyes
Retail clientsno, professional only

Company	Town	Staff	Pay gap report	FCA register
BERRY STREET CAPITAL MANAGEMENT LLP Limited Liability Partnership · accounts to 2025-03-31FCA: Authorised · manages investments, manages AIFs, advises, deals	London	2		Authorisedmanages investments, manages AIFs, advises, deals

Sources: Companies House (accounts filed electronically; the largest groups often file on paper, so their staff numbers can be missing), the UK gender pay gap service (employers with 250+ staff) and the FCA's Financial Services Register. Contains public sector information licensed under the Open Government Licence v3.0.

$233.0m reported value -0.7% vs Q2 2023

21positions

83.5%in top 10

12 new 2 added 7 reduced 7 sold out vs Q2 2023

Options: 6 call positions ($94.7m notional), 2 put positions ($12.6m notional) – listed below, not included above.

Holdings, Q3 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	SEAGEN INC COM SGEN	SGEN	206,250	$43.8m18.78%	18.78%	Added +118.8k	+118,750 135.7%
2	ACTIVISION BLIZZARD INC COM ATVI	ATVI	450,000	$42.1m18.08%	18.08%	Added +75.0k	+75,000 20.0%
3	VMWARE INC CL A COM VMW	VMW	193,750	$32.3m13.84%	13.84%	Reduced -168.8k	-168,750 -46.5%
4	CAPRI HOLDINGS LIMITED SHS CPRI	CPRI	362,500	$19.1m8.18%	8.18%	New
5	ALBERTSONS COS INC COMMON STOCK ACI	ACI	762,500	$17.3m7.44%	7.44%	Reduced -237.5k	-237,500 -23.8%
6	UNITED STATES STL CORP NEW COM X	X	337,500	$11.0m4.70%	4.70%	New
7	HORIZON THERAPEUTICS PUB L SHS HZNP	HZNP	87,500	$10.1m4.34%	4.34%	Reduced -106.2k	-106,250 -54.8%
8	SILICON MOTION TECHNOLOGY CO SPONSORED ADR SIMO	SIMO	137,500	$7.0m3.02%	3.02%	Reduced -118.8k	-118,750 -46.3%
9	DENBURY INC COM DEN	DEN	62,500	$6.1m2.63%	2.63%	New
10	AMEDISYS INC COM AMED	AMED	62,500	$5.8m2.51%	2.51%	New
11	NEOGAMES S A SHS NGMS	NGMS	212,500	$5.7m2.46%	2.46%	New
12	INARI MED INC COM NARI	NARI	87,500	$5.7m2.46%	2.46%	Reduced -87.5k	-87,500 -50.0%
13	TABULA RASA HEALTHCARE INC COM TRHC	TRHC	550,000	$5.7m2.43%	2.43%	New
14	SPLUNK INC COM SPLK	SPLK	37,500	$5.5m2.35%	2.35%	New
15	HOLLYSYS AUTOMATION TCHNGY L SHS HOLI	HOLI	275,000	$5.5m2.34%	2.34%	Reduced -37.5k	-37,500 -12.0%
16	EDWARDS LIFESCIENCES CORP COM EW	EW	50,000	$3.5m1.49%	1.49%	New
17	CARRIAGE SVCS INC COM CSV	CSV	90,625	$2.6m1.10%	1.10%	New
18	TXNM ENERGY INC COM TXNM	TXNM	37,500	$1.7m0.72%	0.72%	New
19	SPIRIT AIRLS INC COM SAVE	SAVE	87,500	$1.4m0.62%	0.62%	New
20	DIREXION SHS ETF TR 20YR TRES BULL 20YR TRES BULL		125,000	$602.5k0.26%	0.26%	New
21	TECK RESOURCES LTD CL B TECK	TECK	12,500	$538.6k0.23%	0.23%	Reduced -87.5k	-87,500 -87.5%

Sold out since Q2 2023

Security	Ticker	Shares held before	Value then
SYNEOS HEALTH INC INCR	INCR	312,500	$13.2m312.5k shares
TOWER SEMICONDUCTOR LTD TSEM	TSEM	349,928	$13.1m349.9k shares
NATIONAL INSTRS CORP		200,000	$11.5m200.0k shares
IVERIC BIO INC OPHT	OPHT	200,000	$7.9m200.0k shares
BLACK KNIGHT INC BKI	BKI	62,500	$3.7m62.5k shares
MAXLINEAR INC MXL	MXL	112,500	$3.6m112.5k shares
IROBOT CORP IRBT	IRBT	25,000	$1.1m25.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
ISHARES TR TLT · Call	TLT	Call	500,000	$44.3m500.0k shares	New
INVESCO QQQ TR QQQ · Call	QQQ	Call	50,000	$17.9m50.0k shares	New
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	25,000	$10.7m25.0k shares	Reduced
CAPRI HOLDINGS LIMITED CPRI · Call	CPRI	Call	187,500	$9.9m187.5k shares	New
UNITED STATES STL CORP NEW X · Call	X	Call	287,500	$9.3m287.5k shares	New
ALBERTSONS COS INC ACI · Call	ACI	Call	375,000	$8.5m375.0k shares	New
IROBOT CORP IRBT · Call	IRBT	Call	125,000	$4.7m125.0k shares	New
CLEVELAND-CLIFFS INC NEW CLF · Put	CLF	Put	125,000	$2.0m125.0k shares	New