Potrero Capital Research 13F annual report

Potrero Capital Research is an investment fund managing more than $232 billion ran by Jack Ripsteen. There are currently 27 companies in Mr. Ripsteen’s portfolio. The largest investments include Zuora Inc and Ge Vernova Inc, together worth $50.5 billion.

$232 billion Assets Under Management (AUM)

As of 7th August 2024, Potrero Capital Research’s top holding is 2,729,497 shares of Zuora Inc currently worth over $27.1 billion and making up 11.7% of the portfolio value. Relative to the number of outstanding shares of Zuora Inc, Potrero Capital Research owns more than approximately 0.1% of the company. In addition, the fund holds 136,330 shares of Ge Vernova Inc worth $23.4 billion. The third-largest holding is Stitch Fix Inc worth $18.7 billion and the next is Microsoft worth $17.3 billion, with 38,694 shares owned.

Currently, Potrero Capital Research's portfolio is worth at least $232 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Potrero Capital Research

The Potrero Capital Research office and employees reside in San Francisco, California. According to the last 13-F report filed with the SEC, Jack Ripsteen serves as the Managing Member at Potrero Capital Research.

Recent trades

In the most recent 13F filing, Potrero Capital Research revealed that it had opened a new position in Ge Vernova Inc and bought 136,330 shares worth $23.4 billion.

The investment fund also strengthened its position in Zuora Inc by buying 1,596,455 additional shares. This makes their stake in Zuora Inc total 2,729,497 shares worth $27.1 billion. Zuora Inc dropped 17.8% in the past year.

On the other hand, there are companies that Potrero Capital Research is getting rid of from its portfolio. Potrero Capital Research closed its position in Alphabet Inc Cap Stk on 14th August 2024. It sold the previously owned 207,620 shares for $18.4 billion. Jack Ripsteen also disclosed a decreased stake in Topgolf Callaway Brands Corp by 0.9%. This leaves the value of the investment at $636 million and 41,573 shares.

One of the smallest hedge funds

The two most similar investment funds to Potrero Capital Research are Newton One Investments and Harbor Island Capital. They manage $232 billion and $232 billion respectively.

Jack Ripsteen investment strategy

Potrero Capital Research’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Technology — making up 48.3% of the total portfolio value. The fund focuses on investments in the United States as 59.3% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 4% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $119 billion.

The complete list of Potrero Capital Research trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Zuora Inc	140.90% 2,729,497	$27,103,905,000	11.68%
Ge Vernova Inc	Opened 136,330	$23,381,958,000	10.08%
Stitch Fix Inc	240.23% 4,503,676	$18,690,256,000	8.06%
Alphabet Inc Cap Stk	Closed 207,620	$18,422,123,000
Microsoft Corporation	No change 38,694	$17,294,283,000	7.45%
Blackrock Science Technolo	Opened 848,443	$16,892,500,000	7.28%
Sigma Lithium Corporation	Closed 498,878	$14,078,337,000
BigCommerce Holdings, Inc.	Opened 1,719,479	$13,859,001,000	5.97%
Adams Diversified Equity Fd	Opened 629,054	$13,518,370,000	5.83%
Yext Inc	42.33% 2,503,562	$13,394,057,000	5.77%
Bark Inc	Opened 7,322,891	$13,254,433,000	5.71%
Pagerduty Inc	Opened 511,675	$11,732,708,000	5.06%
Amazon.com Inc.	Closed 133,120	$11,182,080,000
Sprinklr, Inc.	Opened 1,143,935	$11,004,655,000	4.74%
Light Wonder Inc	Closed 137,205	$8,040,213,000
New Relic Inc	Closed 141,690	$7,998,401,000
Molson Coors Beverage Company	Closed 152,850	$7,874,832,000
Crocs Inc	Opened 50,000	$7,297,000,000	3.15%
Aviat Networks Inc	Opened 246,087	$7,060,236,000	3.04%
Gambling Com Group Limited	Opened 797,466	$6,555,171,000	2.83%
Nextdoor Holdings, Inc.	164.41% 2,239,746	$6,226,494,000	2.68%
Smartsheet Inc	Closed 155,000	$6,100,800,000
Bel Fuse Inc.	Opened 92,007	$6,002,537,000	2.59%
Walkme Ltd	666.91% 328,538	$4,589,676,000	1.98%
Capri Holdings Limited	Opened 131,532	$4,351,079,000	1.88%
Rapid7 Inc	Opened 81,270	$3,513,302,000	1.51%
Alteryx Inc	Closed 65,451	$3,316,402,000
Airbnb, Inc.	Closed 33,978	$2,905,119,000
ON24, Inc.	Closed 277,847	$2,397,820,000
Yelp Inc	Closed 85,700	$2,343,038,000
Vimeo Inc	Opened 520,335	$1,940,850,000	0.84%
RH	Closed 7,000	$1,870,330,000
Douglas Elliman Inc.	Closed 346,368	$1,409,718,000
Hasbro, Inc.	Opened 20,229	$1,183,397,000	0.51%
MP Materials Corp.	Closed 37,794	$917,638,000
Pinterest Inc	Closed 36,154	$877,819,000
Intevac, Inc.	Closed 126,752	$820,085,000
Peloton Interactive Inc	Closed 100,000	$794,000,000
Weave Communications, Inc.	Opened 75,199	$678,295,000	0.29%
Topgolf Callaway Brands Corp	94.88% 41,573	$636,067,000	0.27%
California Res Corp	94.32% 10,609	$564,611,000	0.24%
nLIGHT Inc	Opened 46,986	$513,557,000	0.22%
1stdibs Com Inc	54.88% 104,950	$471,226,000	0.20%
Wag Group Co	Opened 188,376	$301,402,000	0.13%
Comscore Inc.	Closed 150,000	$174,000,000
UserTesting, Inc.	Closed 10,407	$78,157,000
No transactions found
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