Brown Trout Management, LLC
Hedge Fund • Merger Arb
Brown Trout Management, LLC is a Hedge Fund specializing in Merger Arb based in Lisle, IL led by Steven Robert Gerbel, reporting $185.7M in AUM as of Q3 2025 with 56% Unknown concentration, with only 6 positions, and 56% allocation to VRNA.
FounderSteven Robert Gerbel
- Portfolio Value
- $24.7M
- Positions
- 6
- Top Holding
- VRNA at 56.02%
- Last Reported
- Q3 2025
Top Holdings
Largest long holdings in Brown Trout Management, LLC's portfolio (100% of total portfolio)
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| Holding | Sector | Position | Weight | Traded | Ownership |
|---|---|---|---|---|---|
Unknown Unknown | $13.8M | 56.02% | +$13.8M New | — 129.6K shares | |
Biotechnology Healthcare | $5.4M | 21.78% | +$5.4M New | 0.44% 112.4K shares | |
Banks - Regional Financial Services | $2.8M | 11.32% | +$2.8M New | 6.14% 145.8K shares | |
Software - Application Technology | $1.8M | 7.09% | +$1.8M New | 0.83% 65.1K shares | |
Banks - Regional Financial Services | $587.8K | 2.38% | +$93.2K Bought | 0.63% 41.4K shares | |
Banks - Regional Financial Services | $345.9K | 1.40% | +$345.9K New | 0.23% 28.8K shares |
Changes
Portfolio activity, position movements, and quarter-over-quarter changes in Brown Trout Management, LLC's latest filing
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Decreased Positions
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Analytics
Portfolio insights and performance metrics for Brown Trout Management, LLC
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