DME Capital adds Fortune Brands ($123M) & Versigent ($96M), exits Victoria's Secret ($105M)

DME Capital Management, LP disclosed significant portfolio reshaping in its Form 13F filing for the period ending June 30, 2026, managing a total reported portfolio value of $3.91 billion. The manager initiated several substantial new positions, led by Fortune Brands Innovations Inc. (FBIN) at $123.08 million (3.1% of the portfolio) and Versigent PLC at $95.68 million (2.4% of the portfolio). Additional notable new stakes include Primo Brands Corporation ($69.01 million), PayPal Holdings Inc. ($61.50 million), and Warner Bros Discovery Inc. ($59.88 million).

On the divestment side, DME Capital completely eliminated its position in Victoria's Secret & Co., which was valued at $104.63 million in the prior quarter. The firm also fully exited positions in SLM Corp (previously $45.00 million), Peloton Interactive Inc. ($43.39 million), Weatherford International PLC ($13.78 million), and ZIM Integrated Shipping Services ($9.34 million).

Among existing holdings, the fund doubled its stake in Sotera Health Co. (+100% to $73.41 million) and nearly doubled its positions in Dauch Corp (+96% to $67.18 million) and Antero Resources Corp (+95% to $55.32 million). Conversely, the fund trimmed its share counts in Centene Corp (-40% to $105.99 million), Versant Media Group (-37% to $69.22 million), and TD SYNNEX Corp (-21% to $101.87 million).

Position changes