Founded in Q3 of 2015, Key Square Capital Management is a Connecticut-based hedge fund manager established by Scott Bessent, who previously served as the chief investment officer at Soros Fund Management. The firm specializes in managing hedge funds that utilize macro and multi-strategy approaches.
Scott Bessent played a pivotal role on George Soros's team, notably contributing to the Quantum Fund's significant profit of $1 billion in 1992 by shorting sterling prior to the UK's exit from the ERM. During his tenure as Soros's Chief Investment Officer, he earned the moniker 'The Man Who Broke the Bank of Japan' for generating approximately $3.5 billion from the Abenomics trade between 2012 and 2015, as recognized by the Wall Street Journal. Bessent is widely regarded as one of the world's foremost macro hedge fund managers and currently leads Key Square Capital Management. He attended Yale College, graduating in 1984. In addition to his financial expertise, he has lectured on financial history at Yale University and is actively involved in philanthropy.
Key Square Capital Management, a hedge fund serving 7 clients, manages discretionary assets totaling $307,033,902 as per their form ADV dated March 2024. Their most recent 13F filing for Q1 2024 disclosed holdings of $528,653,631 in managed 13F securities, with a concentrated top 10 holdings portfolio representing 100.0%. The firm's largest holding is Invesco QQQ Trust, Series 1, with 1,160,000 shares held.
| Fund Name: | Key Square Capital Management |
| Manager | Scott Bessent |
| Portfolio Value | $528,653,631 |
| Change This QTR | +1.12% |
| No. | Security | Ticker | Shares | Value | Activity | % Port | History |
|---|---|---|---|---|---|---|---|
| 1. | Invesco Qqq TrPUTPUT | 1,160,000 | $515,051,600 | NEW | 97.42% | ||
| 2. | GLD | 20,470 | $4,211,088 | NEW | 0.79% | ||
| 3. | UNP | 14,100 | $3,467,613 | NEW | 0.65% | ||
| 4. | LYB | 30,930 | $3,163,520 | NEW | 0.59% | ||
| 5. | BABA | 38,140 | $2,759,810 | NEW | 0.52% |
