Fore Capital 13F annual report
Fore Capital is an investment fund managing more than $28.2 billion ran by Ushane Sharma. There are currently 30 companies in Sharma’s portfolio. The largest investments include Ishares Gold Tr and Sprott Physical Gold & Silve, together worth $10.2 billion.
$28.2 billion Assets Under Management (AUM)
As of 31st July 2024, Fore Capital’s top holding is 178,000 shares of Ishares Gold Tr currently worth over $7.82 billion and making up 27.8% of the portfolio value.
In addition, the fund holds 110,000 shares of Sprott Physical Gold & Silve worth $2.43 billion.
The third-largest holding is Vanguard Index Fds worth $2.26 billion and the next is Proshares Tr worth $1.82 billion, with 45,000 shares owned.
Currently, Fore Capital's portfolio is worth at least $28.2 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 Fore Capital
The Fore Capital office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Ushane Sharma serves as the Authorized Signatory at Fore Capital.
Recent trades
In the most recent 13F filing, Fore Capital revealed that it had opened a new position in
Vanguard Index Fds and bought 27,000 shares worth $2.26 billion.
The investment fund also strengthened its position in Ishares Gold Tr by buying
20,000 additional shares.
This makes their stake in Ishares Gold Tr total 178,000 shares worth $7.82 billion.
On the other hand, there are companies that Fore Capital is getting rid of from its portfolio.
Fore Capital closed its position in Delta Air Lines on 7th August 2024.
It sold the previously owned 27,000 shares for $1.29 billion.
Ushane Sharma also disclosed a decreased stake in Precigen Inc by 0.3%.
This leaves the value of the investment at $327 million and 206,811 shares.
One of the smallest hedge funds
The two most similar investment funds to Fore Capital are Spectrum Asset Management and Virtus Fund Advisers. They manage $28.2 billion and $28.3 billion respectively.
Ushane Sharma investment strategy
Fore Capital’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 9.7% of
the total portfolio value.
The fund focuses on investments in the Japan as
3.3% of the portfolio companies
are based in the Japan.
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
13% of the total holdings value.
On the other hand, small-cap stocks make up 10.0% of the portfolio.
The average market cap of the portfolio companies is close to $38.4 billion.
The complete list of Fore Capital trades based on 13F SEC filings
These positions were updated on August 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 |
|---|---|---|---|
| Ishares Gold Tr |
12.66%
178,000
|
$7,819,540,000 | 27.76% |
| Sprott Physical Gold & Silve |
No change
110,000
|
$2,425,500,000 | 8.61% |
| Vanguard Index Fds |
Opened
27,000
|
$2,261,520,000 | 8.03% |
| Proshares Tr |
Opened
45,000
|
$1,822,500,000 | 6.47% |
| Direxion Shs Etf Tr |
Opened
45,000
|
$1,691,100,000 | 6.00% |
| Vici Pptys Inc |
26.67%
57,000
|
$1,632,480,000 | 5.80% |
| Alexandria Real Estate Eq In |
Opened
13,500
|
$1,579,095,000 | 5.61% |
| Toyota Motor Corporation |
Opened
7,000
|
$1,434,790,000 | 5.09% |
| Ishares Silver Tr |
Opened
50,000
|
$1,328,500,000 | 4.72% |
| Delta Air Lines, Inc. |
Closed
27,000
|
$1,292,490,000 | |
| Humana Inc. |
Closed
3,000
|
$1,040,160,000 | |
| Alibaba Group Hldg Ltd |
Opened
14,000
|
$1,008,000,000 | 3.58% |
| JD.com Inc |
271.29%
37,500
|
$969,000,000 | 3.44% |
| Bausch Plus Lomb Corp |
90.17%
42,180
|
$612,454,000 | 2.17% |
| Fortrea Hldgs Inc |
Opened
25,000
|
$583,500,000 | 2.07% |
| Warner Bros.Discovery Inc |
30.61%
64,000
|
$476,160,000 | 1.69% |
| Cousins Pptys Inc |
Opened
16,000
|
$370,400,000 | 1.32% |
| Stag Indl Inc |
Opened
10,000
|
$360,600,000 | 1.28% |
| MAG Silver Corp. |
Closed
34,000
|
$359,720,000 | |
| Precigen Inc |
32.59%
206,811
|
$326,761,000 | 1.16% |
| Melco Resorts And Entmnt Ltd |
Closed
37,000
|
$266,770,000 | |
| PDD Holdings Inc |
Opened
2,000
|
$265,900,000 | 0.94% |
| Pan Amern Silver Corp |
Closed
17,000
|
$256,360,000 | |
| Graftech Intl Ltd |
120.00%
220,000
|
$213,400,000 | 0.76% |
| Coeur Mng Inc |
Closed
56,000
|
$211,120,000 | |
| Hecla Mng Co |
Closed
42,000
|
$202,020,000 | |
| Contango Ore Inc |
Opened
11,100
|
$200,577,000 | 0.71% |
| COMPASS Pathways plc |
Opened
30,000
|
$181,200,000 | 0.64% |
| Trilogy Metals Inc |
Closed
280,000
|
$140,000,000 | |
| SilverCrest Metals Inc |
Closed
17,000
|
$113,220,000 | |
| Mind Medicine Mindmed Inc |
Opened
15,000
|
$108,150,000 | 0.38% |
| Novagold Res Inc |
Opened
30,000
|
$103,800,000 | 0.37% |
| Hycroft Mining Holding Corporation |
Opened
40,000
|
$96,000,000 | 0.34% |
| Commscope Hldg Co Inc |
36.47%
74,841
|
$92,054,000 | 0.33% |
| Luminar Technologies, Inc. |
50.00%
45,000
|
$67,050,000 | 0.24% |
| Dada Nexus Ltd |
No change
45,000
|
$56,700,000 | 0.20% |
| MultiPlan Corporation |
Opened
95,000
|
$36,898,000 | 0.13% |
| Biomerica Inc. |
No change
59,680
|
$26,247,000 | 0.09% |
| Clear Channel Outdoor Hldgs |
No change
10,000
|
$14,100,000 | 0.05% |
| No transactions found | |||
| Showing first 500 out of 39 holdings | |||
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