SCOPUS ASSET MANAGEMENT L P's Q2 2025 13F: 48 new positions, 26 exits
Form 13F-HR for the quarter ended Jun 30, 2025 · filed Aug 14, 2025 · 143 reported positions · accession 0001104659-25-078580
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | INVESCO QQQ TR (QQQ) | 4.4% | — | −4.4 pts | −256K sh | −100% |
| New | AMER SPORTS INC | — | 2.9% | +2.9 pts | +2.8M sh | new |
| New | ROSS STORES INC (ROST) | — | 2.7% | +2.7 pts | +802K sh | new |
| Exited | OREILLY AUTOMOTIVE INC (ORLY) | 2.4% | — | −2.4 pts | −46,680 sh | −100% |
| Exited | CRH PLC (CRH) | 2.1% | — | −2.1 pts | −659K sh | −100% |
| Exited | DICKS SPORTING GOODS INC (DKS) | 2.1% | — | −2.1 pts | −284K sh | −100% |
| New | CRH PLC (CRH) | — | 2.0% | +2.0 pts | +830K sh | new |
| Exited | CLOROX CO DEL (CLX) | 2.0% | — | −2.0 pts | −380K sh | −100% |
| New | ALPHABET INC (GOOGL) | — | 2.0% | +2.0 pts | +419K sh | new |
| Increased | FIVE BELOW INC (FIVE) | 0.8% | 3.0% | +2.2 pts | +557K sh | +193% |
| Exited | SKECHERS U S A INC (SKX) | 1.9% | — | −1.9 pts | −937K sh | −100% |
| Increased | CHENIERE ENERGY INC (LNG) | 0.2% | 1.8% | +1.6 pts | +248K sh | +992% |
| New | CELSIUS HLDGS INC (CELH) | — | 1.6% | +1.6 pts | +1.28M sh | new |
| Reduced | SPOTIFY TECHNOLOGY S A (SPOT) | 2.7% | 1.3% | −1.5 pts | −75,816 sh | −55% |
| Reduced | LAUDER ESTEE COS INC (EL) | 2.2% | 0.5% | −1.8 pts | −711K sh | −76% |
| Exited | DECKERS OUTDOOR CORP (DECK) | 1.5% | — | −1.5 pts | −365K sh | −100% |
| New | ON HOLDING AG-CLASS A | — | 1.4% | +1.4 pts | +1.04M sh | new |
| New | CHURCH & DWIGHT CO INC (CHD) | — | 1.4% | +1.4 pts | +542K sh | new |
| Reduced | MONSTER BEVERAGE CORP NEW (MNST) | 2.1% | 0.4% | −1.7 pts | −768K sh | −76% |
| New | ROBINHOOD MARKETS INC - A (HOOD) | — | 1.3% | +1.3 pts | +510K sh | new |
| New | CROWN HLDGS INC (CCK) | — | 1.3% | +1.3 pts | +458K sh | new |
| Exited | ZILLOW GROUP INC (Z) | 1.3% | — | −1.3 pts | −507K sh | −100% |
| Reduced | MCCORMICK & CO INC (MKC) | 2.7% | 0.6% | −2.1 pts | −613K sh | −67% |
| Exited | BIRKENSTOCK HOLDING PLC | 1.2% | — | −1.2 pts | −720K sh | −100% |
| New | REDDIT INC (RDDT) | — | 1.2% | +1.2 pts | +289K sh | new |
| Exited | AZEK CO INC (AZEK) | 1.1% | — | −1.1 pts | −641K sh | −100% |
| Reduced | ROBLOX CORP (RBLX) | 1.6% | 1.0% | −0.6 pts | −397K sh | −54% |
| New | WAYFAIR INC (W) | — | 1.1% | +1.1 pts | +793K sh | new |
| New | KENVUE INC (KVUE) | — | 1.1% | +1.1 pts | +1.93M sh | new |
| Increased | KEURIG DR PEPPER INC (KDP) | 0.7% | 1.5% | +0.8 pts | +1.12M sh | +193% |
| Increased | DOORDASH INC (DASH) | 0.7% | 1.6% | +1.0 pts | +145K sh | +138% |
| Increased | JOHNSON CONTROLS INTERNATION (JCI) | 0.1% | 1.0% | +0.9 pts | +324K sh | +1552% |
| New | WILLIAMS SONOMA INC (WSM) | — | 0.9% | +0.9 pts | +199K sh | new |
| New | WOLVERINE WORLD WIDE INC (WWW) | — | 0.9% | +0.9 pts | +1.79M sh | new |
| Increased | ELEMENT SOLUTIONS INC (ESI) | 1.7% | 2.1% | +0.4 pts | +1.37M sh | +66% |
| New | RH (RH) | — | 0.8% | +0.8 pts | +161K sh | new |
| Reduced | ISHARES TR (ITB) | 1.5% | 0.3% | −1.2 pts | −319K sh | −75% |
| Increased | BELLRING BRANDS INC (BRBR) | 0.9% | 1.3% | +0.3 pts | +469K sh | +137% |
| Increased | GE AEROSPACE (GE) | 0.8% | 1.5% | +0.7 pts | +101K sh | +87% |
| Increased | EATON CORP PLC (ETN) | 0.3% | 0.9% | +0.7 pts | +71,272 sh | +276% |
| Reduced | PRIMO BRANDS CORP (PRMB) | 2.4% | 0.9% | −1.5 pts | −767K sh | −41% |
| Increased | CHEWY INC (CHWY) | 1.1% | 1.6% | +0.5 pts | +503K sh | +56% |
| Reduced | COCA COLA CO (KO) | 4.0% | 2.3% | −1.6 pts | −303K sh | −20% |
| Exited | RPM INTL INC (RPM) | 0.5% | — | −0.5 pts | −130K sh | −100% |
| Increased | LINDE PLC (LIN) | 0.3% | 0.8% | +0.4 pts | +42,437 sh | +211% |
| Reduced | CAPSTONE COPPER CORP (CSCCF) | 1.3% | 0.6% | −0.7 pts | −3.13M sh | −47% |
| New | DUPONT DE NEMOURS INC (DD) | — | 0.5% | +0.5 pts | +271K sh | new |
| Reduced | META PLATFORMS INC (META) | 1.6% | 1.0% | −0.6 pts | −25,071 sh | −32% |
| Reduced | PACKAGING CORP AMER (PKG) | 1.8% | 0.7% | −1.0 pts | −97,300 sh | −40% |
| New | CAMECO CORP (CCJ) | — | 0.5% | +0.5 pts | +246K sh | new |
The 50 largest of 169 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 25.5% of the equity book
Changes in the top 10 this quarter: FIVE entered · AMER SPORTS INC entered · ROST entered · ESI entered · CRH entered · QQQ left · SPOT left · MKC left · ORLY left · PRMB left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | FIVE BELOW INC (FIVE) | 0.8% | 3.0% | Entered the top 10 |
| 2 | TAPESTRY INC (TPR) | 2.7% | 2.9% | |
| 3 | AMER SPORTS INC | 0.0% | 2.9% | Entered the top 10 |
| 4 | AMAZON COM INC (AMZN) | 3.2% | 2.8% | |
| 5 | ROSS STORES INC (ROST) | 0.0% | 2.7% | Entered the top 10 |
| 6 | CARVANA CO (CVNA) | 2.3% | 2.7% | |
| 7 | COCA COLA CO (KO) | 4.0% | 2.3% | |
| 8 | ELEMENT SOLUTIONS INC (ESI) | 1.7% | 2.1% | Entered the top 10 |
| 9 | BURLINGTON STORES INC (BURL) | 2.3% | 2.1% | |
| 10 | CRH PLC (CRH) | 0.0% | 2.0% | Entered the top 10 |
| — | INVESCO QQQ TR (QQQ) | 4.4% | 0.0% | Left the top 10 |
| — | SPOTIFY TECHNOLOGY S A (SPOT) | 2.7% | 1.3% | Left the top 10 |
| — | MCCORMICK & CO INC (MKC) | 2.7% | 0.6% | Left the top 10 |
| — | OREILLY AUTOMOTIVE INC (ORLY) | 2.4% | 0.0% | Left the top 10 |
| — | PRIMO BRANDS CORP (PRMB) | 2.4% | 0.9% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Exited | SPDR S&P 500 ETF TR (SPY) | Call | 250K | 0 | $0 |
| New | INVESCO QQQ TR (QQQ) | Put | 0 | 197K | $109M |
| New | TESLA INC (TSLA) | Call | 0 | 295K | $93.8M |
| Reduced | SPDR S&P 500 ETF TR (SPY) | Put | 200K | 49,200 | $30.4M |
| Exited | INVESCO QQQ TR (QQQ) | Call | 150K | 0 | $0 |
| New | ARK ETF TR (ARKK) | Put | 0 | 985K | $69.2M |
| New | APPLOVIN CORP (APP) | Call | 0 | 197K | $68.9M |
| Increased | SELECT SECTOR SPDR TR (XLI) | Put | 200K | 591K | $87.1M |
| New | ROBLOX CORP (RBLX) | Call | 0 | 561K | $59M |
| Exited | SPDR SER TR (XRT) | Call | 850K | 0 | $0 |
| Exited | CHENIERE ENERGY INC (LNG) | Call | 250K | 0 | $0 |
| New | BELLRING BRANDS INC (BRBR) | Put | 0 | 886K | $51.3M |
| Exited | FIVE BELOW INC (FIVE) | Call | 600K | 0 | $0 |
| Reduced | AMAZON COM INC (AMZN) | Call | 400K | 148K | $32.4M |
| New | CRH PLC (CRH) | Put | 0 | 468K | $42.9M |
| Increased | JOHNSON CTLS INTL PLC (JCI) | Call | 115K | 482K | $51M |
| Exited | ARK ETF TR (ARKK) | Call | 800K | 0 | $0 |
| New | CHENIERE ENERGY INC (LNG) | Put | 0 | 148K | $36M |
| Exited | TELEDYNE TECHNOLOGIES INC (TDY) | Call | 65,000 | 0 | $0 |
| Exited | CONSTELLATION ENERGY CORP (CEG) | Call | 150K | 0 | $0 |
| Reduced | EATON CORP PLC (ETN) | Call | 235K | 98,400 | $35.1M |
| Exited | ISHARES TR (ITB) | Call | 300K | 0 | $0 |
| New | VANECK ETF TRUST (SMH) | Put | 0 | 98,400 | $27.4M |
| Reduced | TRANSDIGM GROUP INC (TDG) | Call | 50,000 | 27,500 | $41.8M |
| Exited | DRAFTKINGS INC NEW (DKNG) | Call | 750K | 0 | $0 |