# EDGAR Filing Document

**Accession Number:** 0001787596
**File Stem:** 0001172661-25-003346
**Filing Date:** 2025-8
**Character Count:** 11768
**Document Hash:** 7e7a5727c66804aa2e7df58ac4c3b2bb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-003346.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001172661-25-003346

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Aperture Investors, LLC
- **CENTRAL INDEX KEY:** 0001787596

**ORGANIZATION NAME:**
- **EIN:** 824044752
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19819
- **FILM NUMBER:** 251215559

**BUSINESS ADDRESS:**
- **STREET 1:** 250 W 55TH STREET, FLOOR 34
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 2125215180

**MAIL ADDRESS:**
- **STREET 1:** 250 W 55TH STREET, FLOOR 34
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Aperture Investors LLC<br>**Address:** 250 W 55th Street Floor 34<br>New York, NY 10019

**Form 13F File Number:** 028-19819

**CRD Number (if applicable):** 000295468

**SEC File Number (if applicable):** 801-113983

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Ryan MacDonald<br>**Title:** Chief Compliance Officer<br>**Phone:** 212-521-5193

**Signature, Place, and Date of Signing:**

/s/ Ryan MacDonald  New York, NY  08-14-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 81

**Form 13F Information Table Value Total:** $766335793

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

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|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M CO | COM | 88579Y101 |  | 4762981 | 31286 | SH |  | SOLE |  | 31286 | 0 | 0 |
| AAON INC | COM PAR $0.004 | 000360206 |  | 24643120 | 334144 | SH |  | SOLE |  | 334144 | 0 | 0 |
| ACV AUCTIONS INC | COM CL A | 00091G104 |  | 19896101 | 1226640 | SH |  | SOLE |  | 1226640 | 0 | 0 |
| ALCON AG | ORD SHS | H01301128 |  | 3162190 | 35820 | SH |  | SOLE |  | 35820 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 3840516 | 33864 | SH |  | SOLE |  | 33864 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 4978398 | 22692 | SH |  | SOLE |  | 22692 | 0 | 0 |
| API GROUP CORP | COM STK | 00187Y100 |  | 12705056 | 248875 | SH |  | SOLE |  | 248875 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 1450516 | 1810 | SH |  | SOLE |  | 1810 | 0 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 2357192 | 33732 | SH |  | SOLE |  | 33732 | 0 | 0 |
| BRUNSWICK CORP | COM | 117043109 |  | 16435668 | 297532 | SH |  | SOLE |  | 297532 | 0 | 0 |
| BURFORD CAP LTD | ORD SHS | G17977110 |  | 2037654 | 142893 | SH |  | SOLE |  | 142893 | 0 | 0 |
| CAVA GROUP INC | COM | 148929102 |  | 27100581 | 321745 | SH |  | SOLE |  | 321745 | 0 | 0 |
| CLEAN HARBORS INC | COM | 184496107 |  | 25258496 | 109259 | SH |  | SOLE |  | 109259 | 0 | 0 |
| COCA-COLA FEMSA SAB DE CV | SPONS ADS REP | 191241108 |  | 2784760 | 28789 | SH |  | SOLE |  | 28789 | 0 | 0 |
| COEUR MNG INC | COM NEW | 192108504 |  | 2313071 | 261069 | SH |  | SOLE |  | 261069 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 8976750 | 25612 | SH |  | DFND |  | 0 | 25612 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 2333562 | 6658 | SH |  | SOLE |  | 6658 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 2245764 | 6958 | SH |  | SOLE |  | 6958 | 0 | 0 |
| CREDO TECHNOLOGY GROUP HOLDI | ORDINARY SHARES | G25457105 |  | 1521254 | 16430 | SH |  | SOLE |  | 16430 | 0 | 0 |
| CRH PLC | ORD | G25508105 |  | 10694241 | 116495 | SH |  | SOLE |  | 116495 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 5608853 | 54598 | SH |  | SOLE |  | 54598 | 0 | 0 |
| CYBERARK SOFTWARE LTD | SHS | M2682V108 |  | 32538194 | 79970 | SH |  | SOLE |  | 79970 | 0 | 0 |
| DOLLAR TREE INC | COM | 256746108 |  | 2282674 | 23048 | SH |  | SOLE |  | 23048 | 0 | 0 |
| DUTCH BROS INC | CL A | 26701L100 |  | 18265456 | 267156 | SH |  | SOLE |  | 267156 | 0 | 0 |
| EVERUS CONSTR GROUP | COM | 300426103 |  | 3400824 | 53531 | SH |  | SOLE |  | 53531 | 0 | 0 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 6185424 | 52894 | SH |  | SOLE |  | 52894 | 0 | 0 |
| FEDERAL SIGNAL CORP | COM | 313855108 |  | 22384383 | 210340 | SH |  | SOLE |  | 210340 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 2092071 | 48260 | SH |  | SOLE |  | 48260 | 0 | 0 |
| HAYWARD HLDGS INC | COM | 421298100 |  | 23527841 | 1704916 | SH |  | SOLE |  | 1704916 | 0 | 0 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 7236115 | 94380 | SH |  | SOLE |  | 94380 | 0 | 0 |
| ICICI BANK LIMITED | ADR | 45104G104 |  | 4485053 | 133325 | SH |  | SOLE |  | 133325 | 0 | 0 |
| INTERCONTINENTAL HOTELS GROU | SPONSORED ADS | 45857P806 |  | 946249 | 8204 | SH |  | SOLE |  | 8204 | 0 | 0 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 4985662 | 106463 | SH |  | SOLE |  | 106463 | 0 | 0 |
| JAMES HARDIE INDS PLC | SPONSORED ADR | 47030M106 |  | 2175132 | 80890 | SH |  | SOLE |  | 80890 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 3351441 | 46723 | SH |  | SOLE |  | 46723 | 0 | 0 |
| LINDBLAD EXPEDITIONS HLDGS I | COM | 535219109 |  | 4224097 | 361962 | SH |  | SOLE |  | 361962 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 3392171 | 7230 | SH |  | SOLE |  | 7230 | 0 | 0 |
| LOAR HOLDINGS INC | COM SHS | 53947R105 |  | 4883340 | 56671 | SH |  | SOLE |  | 56671 | 0 | 0 |
| MAKEMYTRIP LIMITED MAURITIUS | SHS | V5633W109 |  | 980200 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 5551509 | 63686 | SH |  | SOLE |  | 63686 | 0 | 0 |
| METHANEX CORP | COM | 59151K108 |  | 1328104 | 40124 | SH |  | SOLE |  | 40124 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 8964323 | 18022 | SH |  | SOLE |  | 18022 | 0 | 0 |
| MIRION TECHNOLOGIES INC | COM CL A | 60471A101 |  | 7427850 | 345000 | SH |  | SOLE |  | 345000 | 0 | 0 |
| NASDAQ INC | COM | 631103108 |  | 12248573 | 136978 | SH |  | SOLE |  | 136978 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 2836277 | 2118 | SH |  | SOLE |  | 2118 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 4403752 | 63804 | SH |  | SOLE |  | 63804 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 8257031 | 52263 | SH |  | SOLE |  | 52263 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 9637390 | 61000 | SH | Call | SOLE |  | 61000 | 0 | 0 |
| PELOTON INTERACTIVE INC | CL A COM | 70614W100 |  | 16490613 | 2376169 | SH |  | SOLE |  | 2376169 | 0 | 0 |
| PRIMO BRANDS CORPORATION | CLASS A COM SHS | 741623102 |  | 6636598 | 224058 | SH |  | SOLE |  | 224058 | 0 | 0 |
| PROCORE TECHNOLOGIES INC | COM | 74275K108 |  | 12490139 | 182551 | SH |  | SOLE |  | 182551 | 0 | 0 |
| PROFICIENT AUTO LOGISTICS IN | COM | 74317M104 |  | 810020 | 111573 | SH |  | SOLE |  | 111573 | 0 | 0 |
| PURECYCLE TECHNOLOGIES INC | COM | 74623V103 |  | 1022280 | 74619 | SH |  | SOLE |  | 74619 | 0 | 0 |
| QXO INC | COM NEW | 82846H405 |  | 5808519 | 269662 | SH |  | SOLE |  | 269662 | 0 | 0 |
| REGAL REXNORD CORPORATION | COM | 758750103 |  | 19856186 | 136977 | SH |  | SOLE |  | 136977 | 0 | 0 |
| RENEW ENERGY GLOBAL PLC | CL A SHS | G7500M104 |  | 2819301 | 408003 | SH |  | SOLE |  | 408003 | 0 | 0 |
| RUBRIK INC. | CL A | 781154109 |  | 13513487 | 150837 | SH |  | SOLE |  | 150837 | 0 | 0 |
| RXO INC | COMMON STOCK | 74982T103 |  | 795526 | 50606 | SH |  | SOLE |  | 50606 | 0 | 0 |
| SAILPOINT INC | COM | 78781J109 |  | 25199904 | 1102358 | SH |  | SOLE |  | 1102358 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 2546379 | 9338 | SH |  | SOLE |  | 9338 | 0 | 0 |
| SAP SE | SPON ADR | 803054204 |  | 5444302 | 17903 | SH |  | SOLE |  | 17903 | 0 | 0 |
| SERVICETITAN INC | SHS CL A | 81764X103 |  | 527750 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| SHAKE SHACK INC | CL A | 819047101 |  | 21240020 | 151067 | SH |  | SOLE |  | 151067 | 0 | 0 |
| SHARKNINJA INC | COM SHS | G8068L108 |  | 25562089 | 258229 | SH |  | SOLE |  | 258229 | 0 | 0 |
| SOLARIS ENERGY INFRAS INC | COM CL A | 83418M103 |  | 2241784 | 79243 | SH |  | SOLE |  | 79243 | 0 | 0 |
| SONY GROUP CORP | SPONSORED ADR | 835699307 |  | 6369359 | 244693 | SH |  | SOLE |  | 244693 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 19818090 | 25827 | SH |  | DFND |  | 0 | 25827 | 0 |
| STERLING INFRASTRUCTURE INC | COM | 859241101 |  | 23945159 | 103780 | SH |  | SOLE |  | 103780 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 4313955 | 19047 | SH |  | SOLE |  | 19047 | 0 | 0 |
| TRADEWEB MKTS INC | CL A | 892672106 |  | 5525429 | 37742 | SH |  | SOLE |  | 37742 | 0 | 0 |
| TREX CO INC | COM | 89531P105 |  | 12942059 | 237993 | SH |  | SOLE |  | 237993 | 0 | 0 |
| VAIL RESORTS INC | COM | 91879Q109 |  | 22886142 | 145651 | SH |  | SOLE |  | 145651 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 13024401 | 263332 | SH |  | SOLE |  | 263332 | 0 | 0 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 23427935 | 339093 | SH |  | SOLE |  | 339093 | 0 | 0 |
| VERTEX INC | CL A | 92538J106 |  | 25456677 | 720438 | SH |  | SOLE |  | 720438 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 7157597 | 36931 | SH |  | SOLE |  | 36931 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 12597650 | 65000 | SH | Call | SOLE |  | 65000 | 0 | 0 |
| VNET GROUP INC | SPONSORED ADS A | 90138A103 |  | 1259147 | 182485 | SH |  | SOLE |  | 182485 | 0 | 0 |
| WAYSTAR HLDG CORP | COM | 946784105 |  | 19829715 | 485190 | SH |  | SOLE |  | 485190 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 6477847 | 103134 | SH |  | SOLE |  | 103134 | 0 | 0 |
| YUM CHINA HLDGS INC | COM | 98850P109 |  | 5201874 | 116347 | SH |  | SOLE |  | 116347 | 0 | 0 |

---