Steinberg Asset Management 13F annual report
Steinberg Asset Management is an investment fund managing more than $128 billion ran by Steven Feld. There are currently 43 companies in Mr. Feld’s portfolio. The largest investments include Golar Lng and Navigator Hldgs Ltd, together worth $68.2 billion.
$128 billion Assets Under Management (AUM)
As of 7th August 2024, Steinberg Asset Management’s top holding is 1,529,942 shares of Golar Lng currently worth over $48 billion and making up 37.6% of the portfolio value.
Relative to the number of outstanding shares of Golar Lng, Steinberg Asset Management owns more than approximately 0.1% of the company.
In addition, the fund holds 1,159,707 shares of Navigator Hldgs Ltd worth $20.2 billion.
The third-largest holding is Arch Cap Group Ltd worth $8.14 billion and the next is Alphabet Inc worth $5.68 billion, with 30,991 shares owned.
Currently, Steinberg Asset Management's portfolio is worth at least $128 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 Steinberg Asset Management
The Steinberg Asset Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Steven Feld serves as the Managing Director at Steinberg Asset Management.
Recent trades
In the most recent 13F filing, Steinberg Asset Management revealed that it had opened a new position in
International Paper Co and bought 7,653 shares worth $330 million.
This means they effectively own approximately 0.1% of the company.
International Paper Co makes up
24.7%
of the fund's Materials sector allocation and has grown its share price by 30.3% in the past year.
The investment fund also strengthened its position in Brookfield Renewable by buying
53,779 additional shares.
This makes their stake in Brookfield Renewable total 96,165 shares worth $2.73 billion.
Brookfield Renewable dropped 3.6% in the past year.
On the other hand, there are companies that Steinberg Asset Management is getting rid of from its portfolio.
Steinberg Asset Management closed its position in Carrier Global on 14th August 2024.
It sold the previously owned 4,636 shares for $269 million.
Steven Feld also disclosed a decreased stake in Golar Lng by approximately 0.1%.
This leaves the value of the investment at $48 billion and 1,529,942 shares.
One of the smallest hedge funds
The two most similar investment funds to Steinberg Asset Management are Windham Capital Management and Foundation Wealth Management. They manage $128 billion and $128 billion respectively.
Steven Feld investment strategy
Steinberg Asset Management’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Industrials — making up 41.5% of
the total portfolio value.
The fund focuses on investments in the Bermuda as
2.3% of the portfolio companies
are based in the Bermuda.
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
49% of the total holdings value.
On the other hand, small-cap stocks make up only 2.3% of the portfolio.
The average market cap of the portfolio companies is close to $114 billion.
The complete list of Steinberg Asset Management 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 |
|---|---|---|---|
| Golar Lng |
1.33%
1,529,942
|
$47,963,682,000 | 37.55% |
| Navigator Hldgs Ltd |
0.93%
1,159,707
|
$20,248,484,000 | 15.85% |
| Arch Cap Group Ltd |
2.56%
80,715
|
$8,143,336,000 | 6.38% |
| Alphabet Inc |
4.70%
30,991
|
$5,684,369,000 | 4.45% |
| Madison Square Grdn Sprt Cor |
4.85%
16,322
|
$3,070,658,000 | 2.40% |
| Brookfield Renewable Corporation |
126.88%
96,165
|
$2,729,163,000 | 2.14% |
| AECOM |
1.11%
30,858
|
$2,719,824,000 | 2.13% |
| IQVIA Holdings Inc |
4.86%
11,329
|
$2,395,404,000 | 1.88% |
| Booking Holdings Inc |
5.50%
601
|
$2,380,862,000 | 1.86% |
| Berkshire Hathaway Inc. |
7.27%
5,252
|
$2,136,514,000 | 1.67% |
| Viasat, Inc. |
0.24%
151,627
|
$1,925,663,000 | 1.51% |
| Salesforce Inc |
5.89%
6,566
|
$1,688,119,000 | 1.32% |
| T-Mobile US, Inc. |
5.38%
8,570
|
$1,509,863,000 | 1.18% |
| International Business Machs |
0.72%
8,444
|
$1,460,390,000 | 1.14% |
| Liberty Global Ltd |
6.40%
80,673
|
$1,440,013,000 | 1.13% |
| Flex Ltd |
31.22%
48,594
|
$1,433,037,000 | 1.12% |
| Fedex Corp |
0.73%
4,458
|
$1,336,687,000 | 1.05% |
| Century Cmntys Inc |
22.41%
16,036
|
$1,309,500,000 | 1.03% |
| Mastercard Incorporated |
5.67%
2,942
|
$1,297,893,000 | 1.02% |
| New Fortress Energy LLC |
No change
58,650
|
$1,289,127,000 | 1.01% |
| Visteon Corp. |
No change
11,693
|
$1,247,643,000 | 0.98% |
| Abbvie Inc |
No change
7,213
|
$1,237,174,000 | 0.97% |
| Stanley Black & Decker Inc |
6.35%
14,697
|
$1,174,143,000 | 0.92% |
| Goldman Sachs Group, Inc. |
0.68%
2,343
|
$1,060,088,000 | 0.83% |
| DuPont de Nemours Inc |
0.52%
12,521
|
$1,007,815,000 | 0.79% |
| Lear Corp. |
35.77%
7,914
|
$903,858,000 | 0.71% |
| Graham Hldgs Co |
56.23%
1,192
|
$833,864,000 | 0.65% |
| XPEL Inc |
274.96%
21,635
|
$769,341,000 | 0.60% |
| Dollar Gen Corp New |
9.98%
5,496
|
$726,736,000 | 0.57% |
| Oshkosh Corp |
No change
6,168
|
$667,378,000 | 0.52% |
| Genpact Limited |
45.51%
20,216
|
$650,753,000 | 0.51% |
| Park Hotels & Resorts Inc |
1.12%
39,999
|
$599,185,000 | 0.47% |
| Host Hotels & Resorts Inc |
No change
31,480
|
$566,010,000 | 0.44% |
| Spdr S&p 500 Etf Tr |
No change
1,028
|
$559,458,000 | 0.44% |
| Citigroup Inc |
No change
8,782
|
$557,306,000 | 0.44% |
| Nextracker Inc |
5.92%
11,503
|
$539,261,000 | 0.42% |
| HCA Healthcare Inc |
5.30%
1,607
|
$516,297,000 | 0.40% |
| Chubb Limited |
No change
1,500
|
$382,620,000 | 0.30% |
| Rockwell Automation Inc |
No change
1,223
|
$336,667,000 | 0.26% |
| International Paper Co. |
Opened
7,653
|
$330,227,000 | 0.26% |
| Dell Technologies Inc |
83.17%
2,262
|
$311,952,000 | 0.24% |
| Wns Hldgs Ltd |
6.75%
5,801
|
$304,553,000 | 0.24% |
| Unilever plc |
No change
5,100
|
$280,449,000 | 0.22% |
| Carrier Global Corporation |
Closed
4,636
|
$269,491,000 | |
| No transactions found | |||
| Showing first 500 out of 44 holdings | |||
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