BROOKTREE CAPITAL MANAGEMENT Long-Term Concentrated

CIK: 0001021296 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 2, 2026

Total Value ($000): $150,327 (100.0% shares, 0.0% debt)

Holdings (41)

Increased Positions (6)

IAC IAC INC 8.3%

Value ($000) $12,547 (+25.8%) Shares 320,899 (+9.6%) Est. Cost $36.21 Unrealized -3.3%

THRY THRYV HLDGS INC 5.5%

Value ($000) $8,222 (-19.0%) Shares 1,358,938 (+61.5%) Est. Cost $14.84 Unrealized -46.6%

QCOM QUALCOMM INC 5.9%

Value ($000) $8,916 (+5.4%) Shares 52,124 (+2.5%) Est. Cost $131.69 Unrealized +29.7%

DXCM DEXCOM INC 2.0%

Value ($000) $2,964 (+5.2%) Shares 44,657 (+6.6%) Est. Cost $78.39 Unrealized -17.5%

PAR PAR TECHNOLOGY CORP 9.4%

Value ($000) $14,128 (+0.7%) Shares 389,408 (+9.9%) Est. Cost $29.87 Unrealized +20.8%

WIX WIX COM LTD 0.1%

Value ($000) $211 (-23.5%) Shares 2,031 (+30.9%) Est. Cost $143.52 Unrealized -15.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IAC	IAC INC	320,899 (+9.6%)	$12,547 (+25.8%)	8.3%	$36.21	-3.3%	COM NEW	44891N208
THRY	THRYV HLDGS INC	1,358,938 (+61.5%)	$8,222 (-19.0%)	5.5%	$14.84	-46.6%	COM NEW	886029206
QCOM	QUALCOMM INC	52,124 (+2.5%)	$8,916 (+5.4%)	5.9%	$131.69	+29.7%	COM	747525103
DXCM	DEXCOM INC	44,657 (+6.6%)	$2,964 (+5.2%)	2.0%	$78.39	-17.5%	COM	252131107
PAR	PAR TECHNOLOGY CORP	389,408 (+9.9%)	$14,128 (+0.7%)	9.4%	$29.87	+20.8%	COM	698884103
WIX	WIX COM LTD	2,031 (+30.9%)	$211 (-23.5%)	0.1%	$143.52	-15.7%	SHS	M98068105

Exited Positions (1)

ORCL ORACLE CORP 0.2%

Value ($000) $281 Shares 1,000 Est. Cost $160.80 Unrealized +48.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORCL	ORACLE CORP	1,000	$281	0.2%	$160.80	+48.0%	—	68389X105

Decreased Positions (15)

FISV FISERV INC 1.8%

Value ($000) $2,691 (-62.3%) Shares 40,069 (-27.7%) Est. Cost $110.61 Unrealized -24.2%

RMNI RIMINI STR INC DEL 9.9%

Value ($000) $14,886 (-18.4%) Shares 3,836,703 (-1.6%) Est. Cost $4.15 Unrealized -0.1%

IBKR INTERACTIVE BROKERS GROUP IN 17.1%

Value ($000) $25,771 (-10.2%) Shares 400,728 (-3.9%) Est. Cost $38.57 Unrealized +73.4%

BFH BREAD FINANCIAL HOLDINGS INC 8.0%

Value ($000) $11,998 (+31.1%) Shares 162,064 (-1.2%) Est. Cost $52.06 Unrealized +26.1%

EXTR EXTREME NETWORKS 2.5%

Value ($000) $3,698 (-20.5%) Shares 222,085 (-1.4%) Est. Cost $17.05 Unrealized +7.7%

JNJ JOHNSON & JOHNSON 4.1%

Value ($000) $6,183 (+10.3%) Shares 29,879 (-1.2%) Est. Cost $124.79 Unrealized +57.9%

PFE PFIZER INC 2.0%

Value ($000) $3,001 (-9.2%) Shares 120,510 (-7.0%) Est. Cost $28.44 Unrealized -12.0%

MSFT MICROSOFT CORP 1.5%

Value ($000) $2,217 (-8.3%) Shares 4,584 (-1.8%) Est. Cost $141.64 Unrealized +253.4%

BRK/B BERKSHIRE HATHAWAY INC DEL 7.3%

Value ($000) $11,016 (-1.1%) Shares 21,916 (-1.1%) Est. Cost $261.39 Unrealized +90.3%

GD GENERAL DYNAMICS CORP 1.5%

Value ($000) $2,309 (-3.5%) Shares 6,859 (-2.2%) Est. Cost $176.38 Unrealized +93.2%

DXC DXC TECHNOLOGY CO 1.0%

Value ($000) $1,513 (+5.5%) Shares 103,308 (-1.9%) Est. Cost $24.06 Unrealized -42.8%

RKT ROCKET COS INC 1.9%

Value ($000) $2,820 (-2.1%) Shares 145,644 (-2.0%) Est. Cost $13.20 Unrealized +35.5%

WST WEST PHARMACEUTICAL SVSC INC 0.9%

Value ($000) $1,419 (+2.1%) Shares 5,159 (-2.6%) Est. Cost $340.06 Unrealized -19.6%

NET CLOUDFLARE INC 0.2%

Value ($000) $285 (-9.1%) Shares 1,445 (-1.0%) Est. Cost $204.15 Unrealized +3.6%

IYW ISHARES TR 0.9%

Value ($000) $1,293 (-2.1%) Shares 6,476 (-4.0%) Est. Cost $173.27 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FISV	FISERV INC	40,069 (-27.7%)	$2,691 (-62.3%)	1.8%	$110.61	-24.2%	COM	337738108
RMNI	RIMINI STR INC DEL	3,836,703 (-1.6%)	$14,886 (-18.4%)	9.9%	$4.15	-0.1%	COM	76674Q107
IBKR	INTERACTIVE BROKERS GROUP IN	400,728 (-3.9%)	$25,771 (-10.2%)	17.1%	$38.57	+73.4%	COM CL A	45841N107
BFH	BREAD FINANCIAL HOLDINGS INC	162,064 (-1.2%)	$11,998 (+31.1%)	8.0%	$52.06	+26.1%	COM	018581108
EXTR	EXTREME NETWORKS	222,085 (-1.4%)	$3,698 (-20.5%)	2.5%	$17.05	+7.7%	COM	30226D106
JNJ	JOHNSON & JOHNSON	29,879 (-1.2%)	$6,183 (+10.3%)	4.1%	$124.79	+57.9%	COM	478160104
PFE	PFIZER INC	120,510 (-7.0%)	$3,001 (-9.2%)	2.0%	$28.44	-12.0%	COM	717081103
MSFT	MICROSOFT CORP	4,584 (-1.8%)	$2,217 (-8.3%)	1.5%	$141.64	+253.4%	COM	594918104
BRK/B	BERKSHIRE HATHAWAY INC DEL	21,916 (-1.1%)	$11,016 (-1.1%)	7.3%	$261.39	+90.3%	CL B NEW	084670702
GD	GENERAL DYNAMICS CORP	6,859 (-2.2%)	$2,309 (-3.5%)	1.5%	$176.38	+93.2%	COM	369550108
DXC	DXC TECHNOLOGY CO	103,308 (-1.9%)	$1,513 (+5.5%)	1.0%	$24.06	-42.8%	COM	23355L106
RKT	ROCKET COS INC	145,644 (-2.0%)	$2,820 (-2.1%)	1.9%	$13.20	+35.5%	COM CL A	77311W101
WST	WEST PHARMACEUTICAL SVSC INC	5,159 (-2.6%)	$1,419 (+2.1%)	0.9%	$340.06	-19.6%	COM	955306105
NET	CLOUDFLARE INC	1,445 (-1.0%)	$285 (-9.1%)	0.2%	$204.15	+3.6%	CL A COM	18915M107
IYW	ISHARES TR	6,476 (-4.0%)	$1,293 (-2.1%)	0.9%	$173.27	—	U.S. TECH ETF	464287721

Unchanged Positions (20)

LLY ELI LILLY & CO 1.5%

Value ($000) $2,212 Shares 2,058 Est. Cost $107.55 Unrealized +788.5%

GOOG ALPHABET INC 0.4%

Value ($000) $628 Shares 2,000 Est. Cost $164.85 Unrealized +73.7%

GOOGL ALPHABET INC 0.4%

Value ($000) $626 Shares 2,000 Est. Cost $163.29 Unrealized +74.9%

XOM EXXON MOBIL CORP 0.8%

Value ($000) $1,213 Shares 10,076 Est. Cost $104.51 Unrealized +10.5%

HD HOME DEPOT INC 0.2%

Value ($000) $349 Shares 1,015 Est. Cost $355.91 Unrealized +2.4%

SYK STRYKER CORPORATION 0.6%

Value ($000) $947 Shares 2,693 Est. Cost $371.54 Unrealized -2.2%

KMB KIMBERLY-CLARK CORP 0.1%

Value ($000) $202 Shares 2,000 Est. Cost $131.73 Unrealized -17.7%

AMGN AMGEN INC 0.2%

Value ($000) $327 Shares 1,000 Est. Cost $277.77 Unrealized +13.7%

ABT ABBOTT LABS 0.4%

Value ($000) $639 Shares 5,100 Est. Cost $130.60 Unrealized -2.5%

AAPL APPLE INC 0.4%

Value ($000) $591 Shares 2,175 Est. Cost $94.32 Unrealized +184.5%

BK BANK NEW YORK MELLON CORP 0.2%

Value ($000) $332 Shares 2,860 Est. Cost $83.95 Unrealized +31.6%

PG PROCTER AND GAMBLE CO 0.2%

Value ($000) $229 Shares 1,600 Est. Cost $160.77 Unrealized -8.5%

ABBV ABBVIE INC 0.8%

Value ($000) $1,133 Shares 4,958 Est. Cost $184.10 Unrealized +23.6%

KO COCA COLA CO 0.2%

Value ($000) $280 Shares 4,000 Est. Cost $69.79 Unrealized -0.6%

JPM JPMORGAN CHASE & CO. 0.4%

Value ($000) $644 Shares 2,000 Est. Cost $252.67 Unrealized +22.5%

AMZN AMAZON COM INC 0.2%

Value ($000) $272 Shares 1,177 Est. Cost $123.21 Unrealized +85.7%

PEP PEPSICO INC 0.3%

Value ($000) $423 Shares 2,950 Est. Cost $131.03 Unrealized +11.3%

MCD MCDONALDS CORP 0.5%

Value ($000) $702 Shares 2,296 Est. Cost $303.54 Unrealized +0.5%

EMR EMERSON ELEC CO 0.2%

Value ($000) $265 Shares 2,000 Est. Cost $113.54 Unrealized +16.6%

CL COLGATE PALMOLIVE CO 0.1%

Value ($000) $225 Shares 2,850 Est. Cost $90.04 Unrealized -13.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LLY	ELI LILLY & CO	2,058	$2,212	1.5%	$107.55	+788.5%	COM	532457108
GOOG	ALPHABET INC	2,000	$628	0.4%	$164.85	+73.7%	CAP STK CL C	02079K107
GOOGL	ALPHABET INC	2,000	$626	0.4%	$163.29	+74.9%	CAP STK CL A	02079K305
XOM	EXXON MOBIL CORP	10,076	$1,213	0.8%	$104.51	+10.5%	COM	30231G102
HD	HOME DEPOT INC	1,015	$349	0.2%	$355.91	+2.4%	COM	437076102
SYK	STRYKER CORPORATION	2,693	$947	0.6%	$371.54	-2.2%	COM	863667101
KMB	KIMBERLY-CLARK CORP	2,000	$202	0.1%	$131.73	-17.7%	COM	494368103
AMGN	AMGEN INC	1,000	$327	0.2%	$277.77	+13.7%	COM	031162100
ABT	ABBOTT LABS	5,100	$639	0.4%	$130.60	-2.5%	COM	002824100
AAPL	APPLE INC	2,175	$591	0.4%	$94.32	+184.5%	COM	037833100
BK	BANK NEW YORK MELLON CORP	2,860	$332	0.2%	$83.95	+31.6%	COM	064058100
PG	PROCTER AND GAMBLE CO	1,600	$229	0.2%	$160.77	-8.5%	COM	742718109
ABBV	ABBVIE INC	4,958	$1,133	0.8%	$184.10	+23.6%	COM	00287Y109
KO	COCA COLA CO	4,000	$280	0.2%	$69.79	-0.6%	COM	191216100
JPM	JPMORGAN CHASE & CO.	2,000	$644	0.4%	$252.67	+22.5%	COM	46625H100
AMZN	AMAZON COM INC	1,177	$272	0.2%	$123.21	+85.7%	COM	023135106
PEP	PEPSICO INC	2,950	$423	0.3%	$131.03	+11.3%	COM	713448108
MCD	MCDONALDS CORP	2,296	$702	0.5%	$303.54	+0.5%	COM	580135101
EMR	EMERSON ELEC CO	2,000	$265	0.2%	$113.54	+16.6%	COM	291011104
CL	COLGATE PALMOLIVE CO	2,850	$225	0.1%	$90.04	-13.0%	COM	194162103