Ajo, L.P. 13F annual report

Ajo, L.P. is an investment fund managing more than $199 million ran by Joseph Dietrick. There are currently 43 companies in Mr. Dietrick’s portfolio. The largest investments include Goodyear Tire & Rubber Co/the and Lumen Technologies, together worth $21.7 million.

Limited to 30 biggest holdings

$199 million Assets Under Management (AUM)

As of 30th April 2021, Ajo, L.P.’s top holding is 666,426 shares of Goodyear Tire & Rubber Co/the currently worth over $11.7 million and making up 5.9% of the portfolio value. In addition, the fund holds 746,637 shares of Lumen Technologies worth $9.97 million, whose value fell approximately 0.1% in the past six months. The third-largest holding is Ryder System worth $9.8 million and the next is Tenet Healthcare worth $9.8 million, with 188,428 shares owned.

Currently, Ajo, L.P.'s portfolio is worth at least $199 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 Ajo, L.P.

The Ajo, L.P. office and employees reside in Philadelphia, Pennsylvania. According to the last 13-F report filed with the SEC, Joseph Dietrick serves as the Chief Compliance Officer at Ajo, L.P..

Recent trades

In the most recent 13F filing, Ajo, L.P. revealed that it had opened a new position in DHT Inc and bought 403,518 shares worth $2.39 million. This means they effectively own approximately 0.1% of the company. DHT Inc makes up 6.3% of the fund's Industrials sector allocation and has decreased its share price by 11.2% in the past year.

The investment fund also strengthened its position in Lumen Technologies by buying 23,053 additional shares. This makes their stake in Lumen Technologies total 746,637 shares worth $9.97 million. Lumen Technologies soared 41.1% in the past year.

On the other hand, there are companies that Ajo, L.P. is getting rid of from its portfolio. Ajo, L.P. closed its position in Verizon Communications Inc on 7th May 2021. It sold the previously owned 339,156 shares for $19.9 million. Joseph Dietrick also disclosed a decreased stake in Goodyear Tire & Rubber Co/the by approximately 0.1%. This leaves the value of the investment at $11.7 million and 666,426 shares.

One of the smallest hedge funds

The two most similar investment funds to Ajo, L.P. are Alethea Capital Management and Paragon Capital Management. They manage $199 million and $199 million respectively.


Joseph Dietrick investment strategy

Ajo, L.P.’s portfolio is diversified across 10 sectors. Currently, their heaviest sector is Industrials — making up 19.1% of the total portfolio value. The fund focuses on investments in the United States as 69.8% 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 12% 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 $6.59 billion.

The complete list of Ajo, L.P. trades based on 13F SEC filings

These positions were updated on May 7th 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
Verizon Communications Inc
Closed
339,156
$19,925,000
Alphabet Inc
Closed
11,324
$19,846,000
Citigroup Inc
Closed
277,200
$17,092,000
Exxon Mobil Corp.
Closed
409,123
$16,864,000
Johnson & Johnson
Closed
98,046
$15,430,000
Morgan Stanley
Closed
225,153
$15,429,000
Home Depot Inc/the
Closed
57,713
$15,329,000
Micron Technology Inc.
Closed
190,058
$14,288,000
Goldman Sachs Group Inc/the
Closed
52,276
$13,785,000
Berkshire Hathaway Inc.
Closed
56,235
$13,039,000
Activision Blizzard Inc
Closed
138,218
$12,833,000
Philip Morris International In
Closed
152,083
$12,590,000
Electronic Arts, Inc.
Closed
85,095
$12,219,000
Synchrony Financial
Closed
343,244
$11,913,000
Goodyear Tire & Rubber Co/the
0.86%
666,426
$11,709,000 5.87%
Bank Of New York Mellon Corp/t
Closed
273,061
$11,588,000
Alexion Pharmaceuticals Inc.
Closed
72,421
$11,315,000
Oracle Corp.
Closed
171,427
$11,089,000
Ally Financial Inc
Closed
294,881
$10,515,000
Medtronic Plc
Closed
88,609
$10,379,000
Cummins Inc.
Closed
44,813
$10,177,000
Applied Materials Inc.
Closed
115,957
$10,007,000
Lumen Technologies, Inc.
3.19%
746,637
$9,967,000 5.00%
Microsoft Corporation
Closed
44,525
$9,903,000
Mckesson Corporation
Closed
56,402
$9,809,000
Ryder System, Inc.
22.03%
129,525
$9,798,000 4.91%
Tenet Healthcare Corp.
4.73%
188,428
$9,798,000 4.91%
Steel Dynamics Inc.
Closed
264,609
$9,756,000
Ford Motor Co.
3.60%
794,161
$9,728,000 4.88%
EBay Inc.
Closed
192,897
$9,693,000
Facebook Inc
Closed
35,193
$9,613,000
Masco Corp.
Closed
172,279
$9,463,000
Aes Corp/the
Closed
387,827
$9,113,000
Vistra Corp
521.46%
514,130
$9,089,000 4.56%
Owens Corning
Closed
118,534
$8,980,000
Altria Group Inc.
Closed
218,315
$8,950,000
Atlas Air Worldwide Holdings I
282.60%
146,685
$8,865,000 4.44%
Merck & Co Inc
Closed
107,348
$8,781,000
Avis Budget Group Inc
5.88%
118,691
$8,609,000 4.32%
EOG Resources, Inc.
Closed
172,342
$8,594,000
Qurate Retail Inc
5.16%
719,798
$8,464,000 4.24%
DXC Technology Co
4.73%
265,745
$8,307,000 4.16%
Hewlett Packard Enterprise Co
0.05%
525,577
$8,272,000 4.15%
Best Buy Co. Inc.
Closed
81,720
$8,154,000
Macy's Inc
Closed
721,917
$8,121,000
State Street Corp.
Closed
111,505
$8,115,000
Liberty Global plc
64.08%
316,911
$8,093,000 4.06%
NRG Energy Inc.
Closed
215,231
$8,081,000
Allison Transmission Holdings Inc
Closed
186,786
$8,056,000
Jefferies Financial Group Inc
Closed
322,265
$7,927,000
ProPetro Holding Corp
16.39%
697,271
$7,432,000 3.73%
Duke Realty Corp
Closed
183,337
$7,327,000
Danaher Corp.
Closed
32,045
$7,118,000
Take-Two Interactive Software, Inc.
Closed
33,405
$6,941,000
Citizens Financial Group Inc
Closed
193,078
$6,904,000
Signet Jewelers Ltd
7.69%
117,069
$6,787,000 3.40%
Synnex Corp
160.57%
57,155
$6,563,000 3.29%
Pinnacle West Capital Corp.
Closed
81,723
$6,533,000
ManpowerGroup
Closed
70,657
$6,371,000
Telephone And Data Systems, Inc.
26.85%
267,429
$6,140,000 3.08%
CVS Health Corp
Closed
89,639
$6,122,000
Cardinal Health, Inc.
Closed
112,088
$6,003,000
Murphy Oil Corp.
4.73%
360,481
$5,915,000 2.97%
Reliance Steel & Aluminum Co.
Closed
49,237
$5,896,000
Thermo Fisher Scientific Inc.
Closed
12,321
$5,738,000
PulteGroup Inc
Closed
131,564
$5,673,000
Xerox Holdings Corp
6.68%
219,663
$5,331,000 2.67%
Popular Inc.
Closed
94,203
$5,305,000
Deere & Co.
Closed
19,663
$5,290,000
Amazon.com Inc.
Closed
1,610
$5,243,000
JPMorgan Chase & Co.
Closed
39,522
$5,022,000
Ishares Msci Saudi Arabia Etf
3.78%
138,226
$4,966,000 2.49%
Tyson Foods, Inc.
Closed
76,024
$4,898,000
Warrior Met Coal Inc
19.57%
283,333
$4,853,000 2.43%
Pepsico Inc
Closed
32,260
$4,784,000
Lowe's Cos Inc
Closed
29,803
$4,783,000
AGCO Corp.
Closed
46,124
$4,754,000
Skyworks Solutions, Inc.
Closed
30,865
$4,718,000
Regal Beloit Corp
Closed
38,388
$4,714,000
Arrow Electronics Inc.
Closed
48,105
$4,680,000
HCA Healthcare Inc
Closed
26,829
$4,412,000
Old Dominion Freight Line, Inc.
Closed
22,546
$4,400,000
LyondellBasell Industries NV
Closed
47,333
$4,338,000
Darling Ingredients Inc
Closed
75,214
$4,338,000
Hartford Financial Services Gr
Closed
86,817
$4,252,000
Gaming and Leisure Properties Inc
Closed
98,219
$4,164,000
Monster Beverage Corp.
Closed
44,592
$4,123,000
Robert Half International Inc.
Closed
65,352
$4,083,000
Brunswick Corp/de
Closed
53,333
$4,066,000
Costco Wholesale Corp
Closed
10,625
$4,003,000
OneMain Holdings Inc
Closed
81,081
$3,904,000
Allstate Corp/the
Closed
35,148
$3,863,000
Nu Skin Enterprises, Inc.
Closed
67,731
$3,700,000
Paccar Inc.
Closed
42,376
$3,656,000
Eli Lilly And Co
Closed
21,635
$3,652,000
Herc Holdings Inc
39.30%
35,986
$3,646,000 1.83%
Exelon Corp.
Closed
84,739
$3,577,000
Sensata Technologies Holding P
Closed
66,473
$3,505,000
Carrier Global Corporation
Closed
92,636
$3,494,000
Fortune Brands Home & Security Inc
Closed
39,778
$3,409,000
Amdocs Ltd
Closed
47,828
$3,392,000
United Therapeutics Corp
Closed
21,793
$3,307,000
Emcor Group, Inc.
Closed
36,092
$3,300,000
Graphic Packaging Holding Co
Closed
194,146
$3,288,000
NOW Inc
4.73%
316,219
$3,190,000 1.60%
HP Inc
83.40%
99,998
$3,174,000 1.59%
Entergy Corp.
Closed
31,670
$3,161,000
Henry Schein Inc.
Closed
47,019
$3,143,000
Patterson-UTI Energy Inc
6.97%
422,735
$3,014,000 1.51%
Invitation Homes Inc
Closed
99,982
$2,969,000
Astronics Corp.
4.73%
163,276
$2,945,000 1.48%
Corporate Office Properties Tr
Closed
108,971
$2,841,000
Carlisle Cos Inc
Closed
18,154
$2,835,000
Intuit Inc
Closed
7,429
$2,821,000
Zoetis Inc
Closed
16,975
$2,809,000
SS&C Technologies Holdings Inc
Closed
37,833
$2,752,000
Domtar Corporation
4.73%
74,210
$2,742,000 1.37%
Navient Corp
Closed
276,995
$2,720,000
Walmart Inc
Closed
18,828
$2,714,000
Western Union Co/the
Closed
121,151
$2,658,000
Quest Diagnostics, Inc.
Closed
22,093
$2,632,000
DaVita Inc
Closed
21,983
$2,580,000
Autonation Inc.
Closed
36,482
$2,546,000
Halozyme Therapeutics Inc.
Closed
59,090
$2,523,000
AMC Networks Inc
Closed
70,535
$2,523,000
DHT Holdings Inc
Opened
403,518
$2,392,000 1.20%
Flowers Foods, Inc.
Closed
105,227
$2,381,000
Cabot Corp.
Closed
52,987
$2,378,000
Idacorp, Inc.
Closed
23,558
$2,262,000
Schneider National Inc
Closed
107,549
$2,226,000
Eaton Corp Plc
Closed
18,333
$2,202,000
Silgan Holdings Inc.
Closed
59,042
$2,189,000
PPL Corp
Closed
77,186
$2,176,000
Curtiss-Wright Corp.
Closed
18,679
$2,173,000
Cigna Corp.
Closed
10,238
$2,131,000
Acuity Brands, Inc.
Closed
17,489
$2,117,000
Laboratory Corp Of America Hol
Closed
10,365
$2,109,000
Liberty Tripadvisor Holdings I
Closed
482,414
$2,093,000
Kroger Co/the
Closed
64,681
$2,054,000
Alcoa Corp
56.94%
62,597
$2,033,000 1.02%
Fedex Corp
Closed
7,644
$1,984,000
EQT Corp
2.14%
106,802
$1,984,000 0.99%
Brixmor Property Group Inc
Closed
119,862
$1,983,000
Kohl's Corp
20.64%
32,651
$1,946,000 0.98%
CDK Global Inc
Closed
37,401
$1,938,000
Danaos Corporation
Opened
38,576
$1,913,000 0.96%
Cabot Oil & Gas Corp.
Closed
117,382
$1,910,000
Herbalife Nutrition Ltd
Closed
39,225
$1,884,000
Cognizant Technology Solutions Corp.
Closed
22,656
$1,856,000
Radian Group, Inc.
Closed
89,853
$1,819,000
Pennymac Financial Services In
Closed
27,404
$1,798,000
A.O. Smith Corp.
Closed
31,682
$1,736,000
Entercom Communications Corp
Closed
701,769
$1,733,000
Entercom Communications Corp
Opened
325,421
$1,708,000 0.86%
First American Financial Corp
Closed
32,821
$1,694,000
Medical Properties Trust Inc
Closed
77,535
$1,689,000
Graham Holdings Co.
Closed
3,167
$1,689,000
SLM Corp.
Closed
133,889
$1,658,000
Hanover Insurance Group Inc/th
Closed
14,174
$1,657,000
NortonLifeLock Inc
Closed
79,302
$1,647,000
MDU Resources Group Inc
Closed
61,978
$1,632,000
Ameriprise Financial Inc
Closed
8,281
$1,609,000
Hubbell Inc.
Closed
10,075
$1,579,000
Cai International Inc
4.73%
34,550
$1,572,000 0.79%
Expeditors International Of Wa
Closed
16,134
$1,534,000
Arch Resources Inc
47.03%
36,870
$1,533,000 0.77%
Builders Firstsource Inc
Closed
36,619
$1,494,000
Pioneer Natural Resources Co.
Closed
13,038
$1,484,000
Polaris Inc
Closed
15,514
$1,478,000
Kraton Corp
4.73%
39,783
$1,455,000 0.73%
Waters Corp.
Closed
5,792
$1,433,000
Conocophillips
Closed
34,956
$1,397,000
Sherwin-williams Co/the
Closed
1,849
$1,358,000
Quanta Services, Inc.
Closed
18,839
$1,356,000
American Axle & Manufacturing Holdings Inc
4.73%
129,842
$1,254,000 0.63%
Werner Enterprises, Inc.
Closed
30,726
$1,205,000
Cimarex Energy Co.
Closed
30,982
$1,162,000
Comtech Telecommunications Cor
13.98%
45,852
$1,138,000 0.57%
Ingredion Inc
Closed
13,987
$1,100,000
National Fuel Gas Co.
Closed
26,232
$1,078,000
Lydall, Inc.
4.74%
31,566
$1,065,000 0.53%
Amerisourcebergen Corp
Closed
10,734
$1,049,000
MGIC Investment Corp
Closed
80,272
$1,007,000
UFP Industries Inc
Closed
17,905
$994,000
Berry Global Group Inc
Closed
17,118
$961,000
Stifel Financial Corp.
Closed
18,492
$933,000
General Motors Company
Closed
22,237
$925,000
Yelp Inc
4.74%
23,172
$903,000 0.45%
Vertex Pharmaceuticals, Inc.
Closed
3,649
$862,000
LKQ Corp
Closed
23,961
$844,000
Foot Locker Inc
Closed
20,775
$840,000
First Industrial Realty Trust, Inc.
Closed
19,479
$820,000
nVent Electric plc
Closed
34,955
$814,000
Coca-cola Co/the
Closed
14,835
$813,000
Highwoods Properties, Inc.
Closed
20,126
$797,000
Molson Coors Beverage Company
Closed
17,611
$795,000
Eastman Chemical Co
Closed
7,929
$795,000
Cbre Group Inc
Closed
12,554
$787,000
Louisiana-Pacific Corp.
Closed
19,037
$707,000
Mettler-toledo International I
Closed
603
$687,000
Essent Group Ltd
Closed
15,490
$669,000
Oshkosh Corp
Closed
7,513
$646,000
Jazz Pharmaceuticals plc
Closed
3,833
$632,000
Arch Capital Group Ltd
Closed
17,242
$621,000
Donaldson Co. Inc.
Closed
11,063
$618,000
Markel Corp
Closed
593
$612,000
Oge Energy Corp.
Closed
18,960
$604,000
Ionis Pharmaceuticals Inc
Closed
10,595
$599,000
Jabil Inc
Closed
13,661
$581,000
Portland General Electric Co
Closed
13,306
$569,000
Valvoline Inc
Closed
24,320
$562,000
Crane Co.
Closed
7,208
$559,000
Lear Corp.
Closed
3,332
$529,000
Abbvie Inc
Closed
4,856
$520,000
NewMarket Corp.
Closed
1,298
$516,000
Lam Research Corp.
Closed
1,074
$507,000
Chemours Co/the
Closed
20,170
$500,000
Bruker Corp
Closed
8,841
$478,000
EPAM Systems Inc
Closed
1,325
$474,000
PRA Health Sciences Inc
Closed
3,549
$445,000
China Yuchai International
7.08%
28,598
$442,000 0.22%
Dick's Sporting Goods Inc
Closed
7,345
$412,000
Stamps.com Inc.
Closed
2,066
$405,000
Horizon Therapeutics Plc
Closed
5,455
$399,000
Adecoagro Sa
Opened
49,127
$386,000 0.19%
Huntsman Corp
Closed
15,264
$383,000
Boston Scientific Corp.
Closed
10,084
$362,000
VEREIT Inc
Closed
9,537
$360,000
Regions Financial Corp.
Closed
20,761
$334,000
Tapestry Inc
Closed
10,017
$311,000
Hanesbrands Inc
Closed
20,979
$305,000
Citrix Systems, Inc.
Closed
2,054
$267,000
Sealed Air Corp.
Closed
5,617
$257,000
Carter's Inc
Closed
2,726
$256,000
Wells Fargo & Co.
Closed
8,308
$250,000
J2 Global Inc.
Closed
2,402
$234,000
Netapp Inc
Closed
3,365
$222,000
BorgWarner Inc
Closed
5,748
$222,000
CubeSmart
Closed
6,605
$221,000
Celanese Corp
Closed
1,600
$207,000
Dr Horton Inc
Closed
2,973
$204,000
Ishares Msci India Etf
Opened
4,746
$200,000 0.10%
Intel Corp.
Closed
3,976
$198,000
MSC Industrial Direct Co., Inc.
Closed
2,335
$197,000
Republic Services, Inc.
Closed
1,982
$190,000
West Pharmaceutical Services I
Closed
644
$182,000
United Parcel Service, Inc.
Closed
997
$167,000
Edwards Lifesciences Corp
Closed
1,817
$165,000
Star Bulk Carriers Corp
Opened
10,428
$153,000 0.08%
Yum! Brands Inc
Closed
1,248
$135,000
Raymond James Financial, Inc.
Closed
1,354
$129,000
UGI Corp.
Closed
3,627
$126,000
Nucor Corp.
Closed
2,129
$113,000
Globus Medical Inc
Closed
1,728
$112,000
ITT Inc
Closed
1,363
$104,000
Pentair plc
Closed
1,936
$102,000
Spectrum Brands Holdings Inc.
Closed
1,117
$88,000
Parker-Hannifin Corp.
Closed
294
$80,000
Crown Holdings, Inc.
Closed
759
$76,000
Syneos Health Inc
Closed
1,061
$72,000
American Electric Power Company Inc.
Closed
845
$70,000
Bio-Rad Laboratories, Inc.
Closed
120
$69,000
Sohu.com Ltd.
Closed
3,849
$61,000
Afya Ltd
Closed
2,260
$57,000
Lennox International Inc
Closed
180
$49,000
Unum Group
Closed
2,097
$48,000
Discover Financial Services
Closed
456
$41,000
Diamondback Energy Inc
Closed
686
$33,000
Zions Bancorp Na
Closed
755
$32,000
Everest Re Group Ltd
Closed
113
$26,000
Unifirst Corp/ma
Closed
96
$20,000
Xcel Energy Inc.
Closed
291
$19,000
No transactions found
Showing first 500 out of 272 holdings