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Livermore
Livermore
ZHEN

Ronit Capital LLP

SEC CIK
0001600569
Latest filing
Nov 4, 2022

The latest 13F from Ronit Capital LLP covers Q3 2022 (filed Nov 4, 2022): 55 long positions worth $70.5M. The top 10 holdings make up 54.7% of the portfolio, and the largest is Vasta Platform Ltd CL A at 7.3%. Livermore has 7 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2022

Share counts compared with Q2 2022: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
12
Est. +$5.31M
Added
26
Est. +$15.1M
Reduced
9
Est. −$5.87M
Sold out
8
Est. −$7.89M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vasta Platform Ltd CL AG9440A109
    7.3%$5.15M
  2. EMBJEmbraer S.A.
    6.9%$4.86MHistory
  3. TMETencent Music Entertainment Group
    5.9%$4.15MHistory
  4. NVCTNuvectis Pharma, Inc.
    5.7%$3.99MHistory
  5. VALValaris Ltd
    5.5%$3.86MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. EMBJEmbraer S.A.
    +$1.81MAddedHistory
  2. HMYHarmony Gold Mining Co Ltd
    +$1.75MAddedHistory
  3. TMCTMC the metals Co Inc.
    +$1.48MAddedHistory
  4. NEMNEWMONT Corp
    +$1.26MNewHistory
  5. AMXAmerica Movil SAB de CV
    +$1.24MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. SBSWSibanye Stillwater Ltd
    +4.00 pp0.4% → 4.4%History
  2. EMBJEmbraer S.A.
    +2.21 pp4.7% → 6.9%History
  3. TMCTMC the metals Co Inc.
    +2.09 pp0.5% → 2.6%History
  4. HMYHarmony Gold Mining Co Ltd
    +1.82 pp2.5% → 4.3%History
  5. NEMNEWMONT Corp
    +1.79 pp0.0% → 1.8%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. CLRContinental Resources, Inc
    −$2.94MSold outHistory
  2. LBTYALiberty Global Ltd.
    −$2.85MSold outHistory
  3. BABAAlibaba Group Holding Ltd
    −$1.88MReducedHistory
  4. METAMeta Platforms, Inc.
    −$1.20MReducedHistory
  5. STNEStoneCo Ltd.
    −$955.0KReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. BABAAlibaba Group Holding Ltd
    −4.53 pp5.6% → 1.0%History
  2. CLRContinental Resources, Inc
    −4.42 pp4.4% → 0.0%History
  3. LBTYALiberty Global Ltd.
    −4.28 pp4.3% → 0.0%History
  4. TMETencent Music Entertainment Group
    −2.20 pp8.1% → 5.9%History
  5. STNEStoneCo Ltd.
    −1.12 pp1.4% → 0.3%History

Metrics

13F metrics for Q3 2022, computed only from the numbers in the filings. Definitions below.

Portfolio value
$70.5M
+$3.91M (+5.9%) vs. prior quarter
Positions
55
+4 vs. prior quarter
Top 10 concentration
54.7%
Top 10 as share of value
Turnover
20.1%
Q3 2022, one quarter
Average holding period
4.9 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

7 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $157.0M (Q1 2021)

Q1 2021: $157.0MQ2 2021: $111.9MQ3 2021: $85.2MQ4 2021: $66.4MQ1 2022: $74.8MQ2 2022: $66.6MQ3 2022: $70.5M
Q1 2021Q3 2022
13F filings of Ronit Capital LLP by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2022Nov 4, 202255$70.5MVasta Platform Ltd CL AEMBJTMEvs. Q2 2022SEC
Q2 2022Aug 4, 202251$66.6MTMENVCTVasta Platform Ltd CL Avs. Q1 2022SEC
Q1 2022May 11, 202250$74.8MVasta Platform Ltd CL ATMELBTYAvs. Q4 2021SEC
Q4 2021Feb 10, 202246$66.4MVasta Platform Ltd CL AVALBHRvs. Q3 2021SEC
Q3 2021Nov 15, 202148$85.2MLBTYAVALTMEvs. Q2 2021SEC
Q2 2021Aug 5, 202156$111.9MLBTYAVasta Platform Ltd CL ABHRvs. Q1 2021SEC
Q1 2021May 17, 202155$157.0MPGREBHRCIG–SEC

13D and 13G filings

Companies where Ronit Capital LLP reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Ronit Capital LLP does not currently report owning 5% or more of any company.

Latest filings

4 filings on file made by Ronit Capital LLP or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Ronit Capital LLP
CompanyFiled (ET)FormStakeChangeEvent dateFiling
Vasta Platform LtdClass A Common Shares, par value $0.00005 per shareJan 21, 20264:05 PM ET13G/A0.00%0 shares–Below 5%Dec 31, 2025SEC
Vasta Platform LtdJan 31, 202413G/AOld format–––SEC
Vasta Platform LtdJan 10, 202313G/AOld format–––SEC
Vasta Platform LtdJan 31, 202213GOld format–New–SEC