SCOPUS ASSET MANAGEMENT L P's Q3 2025 13F: 40 new positions, 42 exits
Form 13F-HR for the quarter ended Sep 30, 2025 · filed Nov 14, 2025 · 141 reported positions · accession 0001104659-25-112454
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | TAPESTRY INC (TPR) | 2.9% | — | −2.9 pts | −1.24M sh | −100% |
| Exited | ROSS STORES INC (ROST) | 2.7% | — | −2.7 pts | −802K sh | −100% |
| New | SYSCO CORP (SYY) | — | 2.1% | +2.1 pts | +1.06M sh | new |
| Exited | BURLINGTON STORES INC (BURL) | 2.1% | — | −2.1 pts | −333K sh | −100% |
| New | FLOOR & DECOR HLDGS INC (FND) | — | 1.9% | +1.9 pts | +1.09M sh | new |
| Increased | SPOTIFY TECHNOLOGY SA (SPOT) | 1.3% | 2.8% | +1.5 pts | +105K sh | +170% |
| Reduced | FIVE BELOW INC (FIVE) | 3.0% | 1.4% | −1.5 pts | −457K sh | −54% |
| New | SHARKNINJA INC (SNECQ) | — | 1.6% | +1.6 pts | +669K sh | new |
| Increased | ISHARES U.S. HOME CONSTRUCTI (ITB) | 0.3% | 1.9% | +1.6 pts | +635K sh | +600% |
| Exited | KEURIG DR PEPPER INC (KDP) | 1.5% | — | −1.5 pts | −1.7M sh | −100% |
| Increased | META PLATFORMS INC (META) | 1.0% | 2.4% | +1.4 pts | +84,821 sh | +161% |
| Exited | CHURCH & DWIGHT CO INC (CHD) | 1.4% | — | −1.4 pts | −542K sh | −100% |
| Exited | DRAFTKINGS INC NEW (DKNG) | 1.3% | — | −1.3 pts | −1.18M sh | −100% |
| Exited | BELLRING BRANDS INC (BRBR) | 1.3% | — | −1.3 pts | −811K sh | −100% |
| Increased | PACKAGING CORP AMER (PKG) | 0.7% | 2.0% | +1.2 pts | +230K sh | +156% |
| Exited | US FOODS HLDG CORP (USFD) | 1.2% | — | −1.2 pts | −574K sh | −100% |
| New | NETFLIX INC (NFLX) | — | 1.1% | +1.1 pts | +39,720 sh | new |
| New | ADIDAS AG | — | 1.1% | +1.1 pts | +222K sh | new |
| Increased | RALPH LAUREN CORP (RL) | 0.6% | 1.7% | +1.1 pts | +145K sh | +190% |
| New | BEST BUY CO INC (BBY) | — | 1.1% | +1.1 pts | +602K sh | new |
| Exited | WAYFAIR INC (W) | 1.1% | — | −1.1 pts | −793K sh | −100% |
| Exited | KENVUE INC (KVUE) | 1.1% | — | −1.1 pts | −1.93M sh | −100% |
| Reduced | AMER SPORTS INC | 2.9% | 1.3% | −1.6 pts | −1.22M sh | −44% |
| New | ZILLOW GROUP INC (Z) | — | 1.0% | +1.0 pts | +547K sh | new |
| New | BOOKING HOLDINGS INC (BKNG) | — | 0.9% | +0.9 pts | +7,347 sh | new |
| Increased | MCCORMICK & CO INC (MKC) | 0.6% | 1.4% | +0.8 pts | +581K sh | +191% |
| New | DECKERS OUTDOOR CORP (DECK) | — | 0.9% | +0.9 pts | +365K sh | new |
| Exited | PRIMO BRANDS CORP (PRMB) | 0.9% | — | −0.9 pts | −1.11M sh | −100% |
| Exited | WILLIAMS SONOMA INC (WSM) | 0.9% | — | −0.9 pts | −199K sh | −100% |
| New | MADDEN STEVEN LTD (SHOO) | — | 0.9% | +0.9 pts | +1.09M sh | new |
| Exited | WOLVERINE WORLD WIDE INC (WWW) | 0.9% | — | −0.9 pts | −1.79M sh | −100% |
| New | MICROSOFT CORP (MSFT) | — | 0.9% | +0.9 pts | +70,250 sh | new |
| Exited | RH (RH) | 0.8% | — | −0.8 pts | −161K sh | −100% |
| Increased | PROCTER AND GAMBLE CO (PG) | 1.4% | 1.9% | +0.6 pts | +206K sh | +64% |
| Reduced | ALPHABET INC (GOOGL) | 2.0% | 1.7% | −0.3 pts | −128K sh | −31% |
| New | MONDELEZ INTL INC (MDLZ) | — | 0.7% | +0.7 pts | +475K sh | new |
| Exited | APTARGROUP INC (ATR) | 0.7% | — | −0.7 pts | −162K sh | −100% |
| Reduced | MURPHY USA INC (MUSA) | 1.2% | 0.3% | −0.8 pts | −72,500 sh | −68% |
| Reduced | CROWN HLDGS INC (CCK) | 1.3% | 0.4% | −0.9 pts | −280K sh | −61% |
| New | ISHARES RUSSELL 2000 ETF (IWM) | — | 0.6% | +0.6 pts | +108K sh | new |
| New | RPM INTL INC (RPM) | — | 0.6% | +0.6 pts | +210K sh | new |
| Reduced | APPLOVIN CORP-CLASS A (APP) | 1.5% | 2.1% | +0.6 pts | −34,000 sh | −22% |
| New | ROCKET COS INC-CLASS A (RKT) | — | 0.6% | +0.6 pts | +1.25M sh | new |
| Reduced | REDDIT INC (RDDT) | 1.2% | 1.0% | −0.1 pts | −104K sh | −36% |
| Increased | PERFORMANCE FOOD GROUP CO (PFGC) | 1.7% | 2.3% | +0.7 pts | +225K sh | +32% |
| Increased | LINDE PLC (LIN) | 0.8% | 1.2% | +0.5 pts | +47,500 sh | +76% |
| Increased | ROBLOX CORP (RBLX) | 1.0% | 1.6% | +0.7 pts | +160K sh | +47% |
| Reduced | VIKING HOLDINGS LTD | 1.1% | 0.6% | −0.5 pts | −351K sh | −46% |
| New | BOOT BARN HLDGS INC (BOOT) | — | 0.5% | +0.5 pts | +130K sh | new |
| Increased | NEXTRACKER INC (NXT) | 0.3% | 0.8% | +0.6 pts | +291K sh | +159% |
The 50 largest of 174 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 — 22.5% of the equity book
Changes in the top 10 this quarter: SPOT entered · META entered · PFGC entered · SYY entered · APP entered · PKG entered · PG entered · FIVE left · TPR left · AMER SPORTS INC left · ROST left · KO left · ESI left · BURL left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | SPOTIFY TECHNOLOGY SA (SPOT) | 1.3% | 2.8% | Entered the top 10 |
| 2 | CARVANA CO (CVNA) | 2.7% | 2.5% | |
| 3 | META PLATFORMS INC (META) | 1.0% | 2.4% | Entered the top 10 |
| 4 | PERFORMANCE FOOD GROUP CO (PFGC) | 1.7% | 2.3% | Entered the top 10 |
| 5 | CRH PLC (CRH) | 2.0% | 2.2% | |
| 6 | AMAZON COM INC (AMZN) | 2.8% | 2.2% | |
| 7 | SYSCO CORP (SYY) | 0.0% | 2.1% | Entered the top 10 |
| 8 | APPLOVIN CORP-CLASS A (APP) | 1.5% | 2.1% | Entered the top 10 |
| 9 | PACKAGING CORP AMER (PKG) | 0.7% | 2.0% | Entered the top 10 |
| 10 | PROCTER AND GAMBLE CO (PG) | 1.4% | 1.9% | Entered the top 10 |
| — | FIVE BELOW INC (FIVE) | 3.0% | 1.4% | Left the top 10 |
| — | TAPESTRY INC (TPR) | 2.9% | 0.0% | Left the top 10 |
| — | AMER SPORTS INC | 2.9% | 1.3% | Left the top 10 |
| — | ROSS STORES INC (ROST) | 2.7% | 0.0% | Left the top 10 |
| — | COCA COLA CO (KO) | 2.3% | 1.8% | Left the top 10 |
| — | ELEMENT SOLUTIONS INC (ESI) | 2.1% | 1.8% | Left the top 10 |
| — | BURLINGTON STORES INC (BURL) | 2.1% | 0.0% | 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 |
|---|---|---|---|---|---|
| New | ALPHABET INC (GOOGL) | Call | 0 | 350K | $85.1M |
| Reduced | TESLA INC (TSLA) | Call | 295K | 40,000 | $17.8M |
| New | APPLOVIN CORP (APP) | Put | 0 | 100K | $71.9M |
| Reduced | ARK ETF TR (ARKK) | Put | 985K | 50,000 | $4.32M |
| Increased | SPDR SERIES TRUST (XME) | Put | 246K | 800K | $74.6M |
| New | AMER SPORTS INC | Call | 0 | 1.66M | $57.7M |
| Reduced | SELECT SECTOR SPDR TR (XLI) | Put | 591K | 200K | $30.8M |
| New | META PLATFORMS INC (META) | Call | 0 | 75,000 | $55.1M |
| Increased | ON HOLDING AG-CLASS A | Call | 197K | 1.5M | $63.5M |
| New | SPOTIFY TECHNOLOGY S A (SPOT) | Call | 0 | 75,000 | $52.4M |
| Exited | BELLRING BRANDS INC (BRBR) | Put | 886K | 0 | $0 |
| New | ISHARES TR (IWM) | Call | 0 | 200K | $48.4M |
| New | PERFORMANCE FOOD GROUP CO (PFGC) | Call | 0 | 450K | $46.8M |
| New | EBAY INC. (EBAY) | Put | 0 | 500K | $45.5M |
| Increased | CARVANA CO (CVNA) | Call | 148K | 250K | $94.3M |
| New | BOOKING HOLDINGS INC (BKNG) | Call | 0 | 8,000 | $43.2M |
| Exited | TRANSDIGM GROUP INC (TDG) | Call | 27,500 | 0 | $0 |
| New | ROBINHOOD MKTS INC (HOOD) | Put | 0 | 280K | $40.1M |
| New | CARVANA CO (CVNA) | Put | 0 | 100K | $37.7M |
| New | META PLATFORMS INC (META) | Put | 0 | 50,000 | $36.7M |
| New | AIRBNB INC (ABNB) | Put | 0 | 300K | $36.4M |
| New | ISHARES TR (IWM) | Put | 0 | 150K | $36.3M |
| Increased | SPDR S&P 500 ETF TR (SPY) | Put | 49,200 | 100K | $66.6M |
| Exited | CHENIERE ENERGY INC (LNG) | Put | 148K | 0 | $0 |
| Exited | AMAZON COM INC (AMZN) | Call | 148K | 0 | $0 |