Mak Capital One 13F annual report
Mak Capital One is an investment fund managing more than $485 million ran by Michael Kaufman. There are currently 11 companies in Mr. Kaufman’s portfolio. The largest investments include Agilysys, Inc and Skyline Champion Corp, together worth $329 million.
$485 million Assets Under Management (AUM)
As of 8th August 2022, Mak Capital One’s top holding is 3,952,064 shares of Agilysys, Inc currently worth over $187 million and making up 38.5% of the portfolio value.
Relative to the number of outstanding shares of Agilysys, Inc, Mak Capital One owns less than 0.2% of the company.
In addition, the fund holds 3,000,000 shares of Skyline Champion Corp worth $142 million, whose value fell 6.8% in the past six months.
The third-largest holding is Cenovus Inc worth $66.2 million and the next is Yatra Online Inc worth $27.3 million, with 12,115,879 shares owned.
Currently, Mak Capital One's portfolio is worth at least $485 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 Mak Capital One
The Mak Capital One office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Michael Kaufman serves as the Managing Member at Mak Capital One.
Recent trades
In the most recent 13F filing, Mak Capital One revealed that it had opened a new position in
Cenovus Inc and bought 3,484,486 shares worth $66.2 million.
This means they effectively own approximately 0.1% of the company.
Cenovus Inc makes up
100.0%
of the fund's Energy sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Yatra Online Inc by buying
680,966 additional shares.
This makes their stake in Yatra Online Inc total 12,115,879 shares worth $27.3 million.
Yatra Online Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Mak Capital One is getting rid of from its portfolio.
Mak Capital One closed its position in Maxeon Solar Technologies Lt on 15th August 2022.
It sold the previously owned 163,593 shares for $5.16 million.
Michael Kaufman also disclosed a decreased stake in Agilysys, Inc by approximately 0.1%.
This leaves the value of the investment at $187 million and 3,952,064 shares.
One of the smaller hedge funds
The two most similar investment funds to Mak Capital One are First American Trust, Fsb and Somerset Capital Management LL.P.. They manage $485 million and $485 million respectively.
Michael Kaufman investment strategy
Mak Capital One’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Technology — making up 38.5% of
the total portfolio value.
The fund focuses on investments in the United States as
27.3% 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
9% 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 $7.23 billion.
The complete list of Mak Capital One 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 |
|---|---|---|---|
| Agilysys, Inc |
4.40%
3,952,064
|
$186,814,000 | 38.50% |
| Skyline Champion Corp |
No change
3,000,000
|
$142,260,000 | 29.32% |
| Cenovus Energy Inc |
Opened
3,484,486
|
$66,240,000 | 13.65% |
| Yatra Online Inc |
5.96%
12,115,879
|
$27,261,000 | 5.62% |
| Us Foods Hldg Corp |
Opened
783,905
|
$24,050,000 | 4.96% |
| Fusion Fuel Green PLC |
176.27%
2,071,732
|
$13,508,000 | 2.78% |
| Canadian Nat Res Ltd |
No change
200,749
|
$10,776,000 | 2.22% |
| Dirtt Environmental Solution |
23.89%
6,573,824
|
$7,100,000 | 1.46% |
| Maxeon Solar Technologies Lt |
Closed
163,593
|
$5,163,000 | |
| Tufin Software Technologie |
Closed
395,683
|
$4,155,000 | |
| Kalera Public Limited Co |
Opened
677,785
|
$3,999,000 | 0.82% |
| Recro Pharma Inc |
Closed
1,224,264
|
$3,416,000 | |
| Genasys Inc |
Opened
591,092
|
$1,921,000 | 0.40% |
| Ero Copper Corp |
Opened
159,800
|
$1,347,000 | 0.28% |
| No transactions found | |||
| Showing first 500 out of 14 holdings | |||
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