Empirical Capital Management 13F annual report
Empirical Capital Management is an investment fund managing more than $140 million ran by Luther Mcdaniel. There are currently 16 companies in Mr. Mcdaniel’s portfolio. The largest investments include Amazon.com and Alphabet Inc, together worth $37.7 million.
$140 million Assets Under Management (AUM)
As of 8th August 2024, Empirical Capital Management’s top holding is 100,000 shares of Amazon.com currently worth over $19.3 million and making up 13.8% of the portfolio value.
Relative to the number of outstanding shares of Amazon.com, Empirical Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 100,000 shares of Alphabet Inc worth $18.3 million, whose value grew 12.6% in the past six months.
The third-largest holding is Costco Wholesale Corp worth $15.4 million and the next is Pinterest Inc worth $11.8 million, with 268,024 shares owned.
Currently, Empirical Capital Management's portfolio is worth at least $140 million. 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 Empirical Capital Management
The Empirical Capital Management office and employees reside in Hendersonville, Tennessee. According to the last 13-F report filed with the SEC, Luther Mcdaniel serves as the Chief Financial Officer at Empirical Capital Management.
Recent trades
In the most recent 13F filing, Empirical Capital Management revealed that it had opened a new position in
Alphabet Inc and bought 100,000 shares worth $18.3 million.
This means they effectively own approximately 0.1% of the company.
Alphabet Inc makes up
60.3%
of the fund's Technology sector allocation and has grown its share price by 24.4% in the past year.
The investment fund also strengthened its position in Amazon.com by buying
68,000 additional shares.
This makes their stake in Amazon.com total 100,000 shares worth $19.3 million.
Amazon.com soared 23.6% in the past year.
On the other hand, there are companies that Empirical Capital Management is getting rid of from its portfolio.
Empirical Capital Management closed its position in Meta Platforms Inc on 15th August 2024.
It sold the previously owned 29,775 shares for $10.5 million.
Luther Mcdaniel also disclosed a decreased stake in Pinterest Inc by approximately 0.1%.
This leaves the value of the investment at $11.8 million and 268,024 shares.
One of the smallest hedge funds
The two most similar investment funds to Empirical Capital Management are Private Advisors and Wynnefield Capital Management. They manage $140 million and $141 million respectively.
Luther Mcdaniel investment strategy
Empirical Capital Management’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Technology — making up 21.7% of
the total portfolio value.
The fund focuses on investments in the United States as
62.5% 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
44% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $177 billion.
The complete list of Empirical Capital Management trades based on 13F SEC filings
These positions were updated on August 15th 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 |
|---|---|---|---|
| Amazon.com Inc. |
212.50%
100,000
|
$19,325,000 | 13.78% |
| Alphabet Inc |
Opened
100,000
|
$18,342,000 | 13.08% |
| Costco Wholesale Corp |
No change
18,100
|
$15,385,000 | 10.97% |
| Pinterest Inc |
7.10%
268,024
|
$11,812,000 | 8.42% |
| Wal-mart Stores Inc |
165.63%
170,000
|
$11,511,000 | 8.21% |
| TJX Companies, Inc. |
29.03%
100,000
|
$11,010,000 | 7.85% |
| Roku Inc |
10.92%
177,000
|
$10,608,000 | 7.56% |
| Meta Platforms Inc |
Closed
29,775
|
$10,539,000 | |
| Fedex Corp |
No change
30,000
|
$8,995,000 | 6.41% |
| Palantir Technologies Inc-a |
130.72%
353,000
|
$8,941,000 | 6.37% |
| Marten Transport, Ltd. |
16.05%
400,000
|
$7,380,000 | 5.26% |
| Hunt (jb) Transprt Svcs Inc |
No change
40,500
|
$6,480,000 | 4.62% |
| Xpo Logistics Inc |
No change
50,000
|
$5,308,000 | 3.78% |
| Netflix Inc. |
53.85%
6,000
|
$4,049,000 | 2.89% |
| Coinbase Global Inc -class A |
Opened
2,500
|
$556,000 | 0.40% |
| Magnite Inc |
Opened
21,000
|
$279,000 | 0.20% |
| Dell Technologies -c |
Opened
2,000
|
$276,000 | 0.20% |
| Dutch Bros Inc. |
Closed
7,500
|
$238,000 | |
| No transactions found | |||
| Showing first 500 out of 18 holdings | |||
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