EV
Emerging Variant Capital Management LP Historical SEC 13F Holdings & Archive (Q4 2022)
Emerging Variant Capital Management LPCIK: 0001754001
Concentrated strategySector-focusedLong-term holder
Total reported value
$905.3M
Reporting period: 2022-12-31 · Number of holdings: 9
Emerging Variant Capital Management LP disclosed 9 holdings in its latest 13F filing for the period ending 2022-12-31, with total reported value of $905.3M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 100
- Diversification
- 18
- Sizing Uniformity
- 72.2
Emerging Variant Capital Management LP's disclosed holdings carry a Herfindahl concentration index of 0.874 — mathematically equivalent to about 1 equally-sized positions, well below its 9 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.78), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNo holding changes this quarter
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MELI | Mercadolibre Inc | Stock-Consumer Disc | 93.47% | — | +5.71% | |
| 2 | VALE | Vale Sa-sp Adr | Stock-Materials | 1.87% | — | +5.71% | |
| 3 | EMBJ | Embraer Sa-spon Adr | Stock-Industrials | 1.21% | — | — | |
| 4 | VLRS | Controladora Vuela Cia-adr | Stock-Other | 0.92% | — | -23.79% | |
| 5 | GGB | Gerdau SA -spon Adr | Stock-Other | 0.61% | — | — | |
| 6 | ✓ | Despegar.com CORP | Stock-Other | 0.57% | — | -9.40% | |
| 7 | ITUB | Itau Unibanco H-spon Prf Adr | Stock-Financials | 0.52% | — | -74.26% | |
| 8 | TV | Grupo Televisa Sa-spon Adr | Stock-Other | 0.50% | — | — | |
| 9 | BBD | Banco Bradesco-adr | Stock-Other | 0.32% | — | +383.02% |
Portfolio Performance
Performance for Q3 2026
+8.2%
Performance Last 4 Quarters
+18.4%
- Stdev
- +26.8%
- Beta
- +1.21
- Alpha
- -3.2%
- Max Drawdown
- -15.6%
- Annualized Perf
- +19.1%
- Batting Avg vs S&P
- +58.3%
- Sortino
- +1.4
- Stutzer
- +0.23
- Treynor
- +0.17
- Sterling
- +0.88
- Calmar
- +1.23
- Information Ratio
- +0.05
- Tracking Error
- +21.9%
- Stdev Down
- +15.1%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +60.7%
- Worst 12 Months
- -4.4%
- Efficiency Ratio
- +0.31
- Sharpe
- +0.79
- Stdev Sectors
- +41.2%
- Skewness
- +0.31
- Kurtosis
- +0.8
- Upside Potential
- +3.12
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
Filing History
FAQ
What is Emerging Variant Capital Management LP and what type of investor is it?
Emerging Variant Capital Management LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2022-12-31), the firm manages a tracked equity portfolio valued at approximately $905.3M, spread across 9 disclosed positions.
What are Emerging Variant Capital Management LP's largest equity positions?
Based on the latest 13F filing, Emerging Variant Capital Management LP's top holdings by market value are:
1. Mercadolibre Inc (MELI) — $846.2M (93.5%)
2. Vale Sa-sp Adr (VALE) — $17.0M (1.9%)
3. Embraer Sa-spon Adr (EMBJ) — $10.9M (1.2%)
4. Controladora Vuela Cia-adr (VLRS) — $8.4M (0.9%)
5. Gerdau SA -spon Adr (GGB) — $5.5M (0.6%)
What changes did Emerging Variant Capital Management LP make in its most recent portfolio filing?
No notable portfolio changes were recorded for Emerging Variant Capital Management LP in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does Emerging Variant Capital Management LP focus on?
Emerging Variant Capital Management LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Consumer Discretionary: 96.3%
• Materials: 1.9%
• Industrials: 1.2%
• Financials: 0.5%
Investment Profile
Emerging Variant Capital Management LP returned an annualized 19.1% over the trailing 36 months — underperforming the S&P 500 by 3.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.21 (more volatile than the market) and a 58% quarterly batting average against the index.
Its portfolio is concentrated and long-term-holding, with 96.3% of the portfolio concentrated in Consumer Discretionary.
Its concentration score has risen from 48 to 100 over the past 4 quarters — a shift toward higher-conviction positions.
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Developer Access
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