# Crake Asset Management LLP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1789082. Source: https://holderbook.com/funds/1789082-crake-asset-management-llp/

- Reported value: $4.2B
- Positions: 23
- Weight of the ten largest: 81.3%
- Filed: 2026-08-10

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $583.3M | 9,275,434 | 14.0% | 10 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $549.7M | 2,306,270 | 13.2% | 27 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $449.1M | 1,151,792 | 10.7% | 1 |
| SOUTHWEST AIRLS CO | [LUV](https://holderbook.com/stocks/LUV/) | $363.3M | 7,065,875 | 8.7% | 5 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $360.3M | 965,833 | 8.6% | 14 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $260.6M | 737,500 | 6.2% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $257.5M | 890,000 | 6.2% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $235.0M | 1,174,442 | 5.6% | 6 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $181.5M | 2,541,660 | 4.3% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $159.4M | 421,977 | 3.8% | 2 |
| D R HORTON INC | [DHI](https://holderbook.com/stocks/DHI/) | $134.0M | 822,891 | 3.2% | 2 |
| SPDR SERIES TRUST | [KRE](https://holderbook.com/stocks/KRE/) | $131.0M | 1,750,000 | 3.1% | 2 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $98.1M | 1,722,061 | 2.3% | 8 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $91.4M | 544,935 | 2.2% | 5 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $74.1M | 769,707 | 1.8% | 11 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $72.7M | 63,000 | 1.7% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $71.5M | 127,000 | 1.7% | 6 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $40.6M | 290,000 | 1.0% | 2 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $37.5M | 453,796 | 0.9% | 1 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $11.2M | 265,000 | 0.3% | 1 |
| TENET HEALTHCARE CORP | [THC](https://holderbook.com/stocks/THC/) | $6.9M | 37,000 | 0.2% | 1 |
| JD.COM INC | [JD](https://holderbook.com/stocks/JD/) | $6.2M | 245,000 | 0.1% | 1 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $4.2M | 55,000 | 0.1% | 3 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +16.1% | +14.8% | +1.2% | 100% |
| Q1 2026 | -4.9% | -4.6% | -0.3% | 100% |
| Q4 2025 | +4.3% | +2.4% | +2.0% | 100% |
| Q3 2025 | +6.1% | +7.8% | -1.7% | 100% |
| Q2 2025 | +26.4% | +10.5% | +16.0% | 100% |
| Q1 2025 | -12.6% | -4.6% | -8.0% | 100% |
| Q4 2024 | -3.0% | +2.1% | -5.1% | 100% |
| Q3 2024 | +1.3% | +5.4% | -4.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $4.2B | 23 |
| Q1 2026 | $2.9B | 20 |
| Q4 2025 | $2.6B | 17 |
| Q3 2025 | $2.2B | 15 |
| Q2 2025 | $1.9B | 18 |
| Q1 2025 | $1.2B | 15 |
| Q4 2024 | $926.9M | 9 |
| Q3 2024 | $814.5M | 12 |
| Q2 2024 | $1.3B | 15 |
| Q1 2024 | $990.9M | 16 |
| Q4 2023 | $1.0B | 17 |
| Q3 2023 | $703.6M | 15 |