Stormborn Capital Management 13F annual report

Stormborn Capital Management is an investment fund managing more than $251 billion ran by Elise Crumbine. There are currently 24 companies in Mrs. Crumbine’s portfolio. The largest investments include Deckers Outdoor and Valvoline Inc, together worth $46.2 billion.

$251 billion Assets Under Management (AUM)

As of 7th February 2023, Stormborn Capital Management’s top holding is 66,256 shares of Deckers Outdoor currently worth over $26.4 billion and making up 10.5% of the portfolio value. Relative to the number of outstanding shares of Deckers Outdoor, Stormborn Capital Management owns more than approximately 0.1% of the company. In addition, the fund holds 605,000 shares of Valvoline Inc worth $19.8 billion, whose value fell approximately 0.1% in the past six months. The third-largest holding is Crocs Inc worth $18.4 billion and the next is Driven Brands worth $17.9 billion, with 654,555 shares owned.

Currently, Stormborn Capital Management's portfolio is worth at least $251 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 Stormborn Capital Management

The Stormborn Capital Management office and employees reside in Greenwich, Connecticut. According to the last 13-F report filed with the SEC, Elise Crumbine serves as the Managing Member at Stormborn Capital Management.

Recent trades

In the most recent 13F filing, Stormborn Capital Management revealed that it had opened a new position in Crocs Inc and bought 170,000 shares worth $18.4 billion. This means they effectively own approximately 0.1% of the company. Crocs Inc makes up 9.8% of the fund's Consumer Discretionary sector allocation and has grown its share price by 21.4% in the past year.

The investment fund also strengthened its position in Valvoline Inc by buying 65,000 additional shares. This makes their stake in Valvoline Inc total 605,000 shares worth $19.8 billion. Valvoline Inc soared 9.3% in the past year.

On the other hand, there are companies that Stormborn Capital Management is getting rid of from its portfolio. Stormborn Capital Management closed its position in Boot Barn Inc on 14th February 2023. It sold the previously owned 161,192 shares for $11.1 million. Elise Crumbine also disclosed a decreased stake in Deckers Outdoor by 0.2%. This leaves the value of the investment at $26.4 billion and 66,256 shares.

One of the average hedge funds

The two most similar investment funds to Stormborn Capital Management are Cornercap Investment Counsel and Sunburst. They manage $251 billion and $251 billion respectively.

Elise Crumbine investment strategy

Stormborn Capital Management’s portfolio is diversified across 5 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 75.0% of the total portfolio value. The fund focuses on investments in the United States as 70.8% 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 42% 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 $44 billion.

The complete list of Stormborn Capital Management trades based on 13F SEC filings

These positions were updated on February 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
Deckers Outdoor Corp.	19.38% 66,256	$26,446,745,000	10.52%
Valvoline Inc	12.04% 605,000	$19,753,250,000	7.86%
Crocs Inc	Opened 170,000	$18,433,100,000	7.33%
Driven Brands Holdings Inc.	9.17% 654,555	$17,875,897,000	7.11%
Tempur Sealy International Inc	Opened 419,695	$14,408,129,000	5.73%
Las Vegas Sands Corp	Opened 294,100	$14,137,387,000	5.62%
Ferrari N.V.	43.48% 65,000	$13,924,300,000	5.54%
Planet Fitness Inc	75.00% 175,000	$13,790,000,000	5.48%
Seaworld Entmt Inc	9.09% 200,000	$10,702,000,000	4.26%
Bellring Brands Inc	16.55% 408,005	$10,461,248,000	4.16%
OneSpaWorld Holdings Limited	13.58% 1,084,663	$10,119,906,000	4.02%
Ross Stores, Inc.	Opened 85,000	$9,865,950,000	3.92%
Target Corp	Opened 65,000	$9,687,600,000	3.85%
Amazon.com Inc.	38.22% 108,500	$9,114,000,000	3.62%
Darden Restaurants, Inc.	Opened 65,000	$8,991,450,000	3.58%
Hibbett Inc	Opened 130,000	$8,868,600,000	3.53%
Hilton Worldwide Holdings Inc	12.50% 70,000	$8,845,200,000	3.52%
Lululemon Athletica inc.	Opened 25,000	$8,009,500,000	3.19%
Wendys Co	Opened 250,000	$5,657,500,000	2.25%
Meta Platforms Inc	Opened 45,000	$5,415,300,000	2.15%
Membership Collective Group Inc.	65.23% 785,251	$2,936,839,000	1.17%
Floor & Decor Holdings Inc	Opened 35,000	$2,437,050,000	0.97%
Bragg Gaming Group Inc	3.16% 282,481	$1,095,616,000	0.44%
Farfetch Ltd	Opened 100,000	$473,000,000	0.19%
Boot Barn Holdings Inc	Closed 161,192	$11,108,000
Tractor Supply Co.	Closed 50,000	$9,693,000
Performance Food Group Company	Closed 207,800	$9,555,000
Celsius Holdings Inc	Closed 145,000	$9,463,000
Ulta Beauty Inc	Closed 20,000	$7,710,000
Azek Co Inc	Closed 395,000	$6,612,000
Etsy Inc	Closed 83,477	$6,111,000
International Game Technolog	Closed 300,000	$5,568,000
Iron Spark I Inc	Closed 525,000	$5,187,000
Kohls Corp	Closed 130,000	$4,640,000
On Hldg Ag	Closed 250,000	$4,423,000
Academy Sports & Outdoors In	Closed 122,993	$4,371,000
Brilliant Earth Group Inc	Closed 581,200	$2,761,000
Humanco Acquisition Corp	Closed 200,000	$1,968,000
No transactions found
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