Adams Street Partners 13F annual report

Adams Street Partners is an investment fund managing more than $243 billion ran by Sara Dasse. There are currently 9 companies in Mrs. Dasse’s portfolio. The largest investments include Rimini Street and Paylocity Corp, together worth $134 billion.

$243 billion Assets Under Management (AUM)

As of 7th August 2024, Adams Street Partners’s top holding is 23,565,433 shares of Rimini Street currently worth over $72.3 billion and making up 29.8% of the portfolio value. Relative to the number of outstanding shares of Rimini Street, Adams Street Partners owns less than 0.3% of the company. In addition, the fund holds 468,412 shares of Paylocity Corp worth $61.8 billion, whose value fell 12.6% in the past six months. The third-largest holding is PDD Inc worth $41.3 billion and the next is Q2 Inc worth $35 billion, with 580,209 shares owned.

Currently, Adams Street Partners's portfolio is worth at least $243 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Adams Street Partners

The Adams Street Partners office and employees reside in Chicago, Illinois. According to the last 13-F report filed with the SEC, Sara Dasse serves as the Executive Vice President at Adams Street Partners.

Recent trades

In the most recent 13F filing, Adams Street Partners revealed that it had opened a new position in PDD Inc and bought 310,488 shares worth $41.3 billion.

On the other hand, there are companies that Adams Street Partners is getting rid of from its portfolio. Adams Street Partners closed its position in Coinbase Global, Inc. on 14th August 2024. It sold the previously owned 45,133 shares for $12 billion. Sara Dasse also disclosed a decreased stake in Q2 Inc by 0.3%. This leaves the value of the investment at $35 billion and 580,209 shares.

One of the smallest hedge funds

The two most similar investment funds to Adams Street Partners are Jw Asset Management and Mtm Investment Management. They manage $243 billion and $243 billion respectively.

Sara Dasse investment strategy

Adams Street Partners’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Technology — making up 69.7% of the total portfolio value. The fund focuses on investments in the United States as 44.4% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 22% of the total holdings value. On the other hand, small-cap stocks make up 11.1% of the portfolio. The average market cap of the portfolio companies is close to $25.3 billion.

The complete list of Adams Street Partners trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Rimini Street Inc.	No change 23,565,433	$72,345,879,000	29.81%
Paylocity Holding Corp	No change 468,412	$61,760,122,000	25.45%
PDD Holdings Inc	Opened 310,488	$41,279,380,000	17.01%
Q2 Holdings Inc	25.38% 580,209	$35,004,009,000	14.42%
Mineralys Therapeutics, Inc.	10.01% 1,688,712	$19,757,930,000	8.14%
Coinbase Global, Inc.	Closed 45,133	$11,965,661,000
Corvus Pharmaceuticals Inc	No change 3,275,616	$5,961,621,000	2.46%
Vacasa, Inc.	No change 938,221	$4,569,136,000	1.88%
Confluent, Inc.	Closed 108,538	$3,312,580,000
Maplebear, Inc.	Opened 47,769	$1,535,296,000	0.63%
Legalzoom.com, Inc.	Closed 45,234	$603,422,000
Couchbase, Inc.	Closed 21,163	$556,799,000
Vera Therapeutics, Inc.	Opened 13,114	$474,465,000	0.20%
Crowdstrike Holdings Inc	Closed 1,125	$360,664,000
Amplitude, Inc.	Closed 23,271	$253,188,000
No transactions found
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