Concourse Capital Management 13F annual report

Concourse Capital Management is an investment fund managing more than $85.6 million ran by Greg Deese. There are currently 21 companies in Mr. Deese’s portfolio. The largest investments include Charter Communications Inc N and PayPal, together worth $16.5 million.

$85.6 million Assets Under Management (AUM)

As of 7th October 2020, Concourse Capital Management’s top holding is 17,856 shares of Charter Communications Inc N currently worth over $8.66 million and making up 10.1% of the portfolio value. In addition, the fund holds 72,132 shares of PayPal worth $7.8 million, whose value grew 89.2% in the past six months. The third-largest holding is Nexstar Media worth $5.95 million and the next is Acadia Healthcare Company In worth $5.36 million, with 161,420 shares owned.

Currently, Concourse Capital Management's portfolio is worth at least $85.6 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 Concourse Capital Management

The Concourse Capital Management office and employees reside in Atlanta, Georgia. According to the last 13-F report filed with the SEC, Greg Deese serves as the Chief Compliance Officer at Concourse Capital Management.

Recent trades

In the most recent 13F filing, Concourse Capital Management revealed that it had opened a new position in Constellium SE and bought 373,480 shares worth $5.01 million. This means they effectively own approximately 0.1% of the company. Constellium SE makes up 100.0% of the fund's Materials sector allocation and has decreased its share price by 35.3% in the past year.

The investment fund also strengthened its position in Nexstar Media by buying 21,530 additional shares. This makes their stake in Nexstar Media total 50,745 shares worth $5.95 million. Nexstar Media dropped 7.7% in the past year.

On the other hand, there are companies that Concourse Capital Management is getting rid of from its portfolio. Concourse Capital Management closed its position in Amazon.com on 14th February 2020. It sold the previously owned 4,557 shares for $7.91 million. Greg Deese also disclosed a decreased stake in Apollo Global Mgmt Inc by 0.5%. This leaves the value of the investment at $4.87 million and 102,004 shares.

One of the smallest hedge funds

The two most similar investment funds to Concourse Capital Management are Susquehanna Trust & Investment Co and Portland Investment Counsel Inc. They manage $85.6 million and $85.5 million respectively.

Greg Deese investment strategy

Concourse Capital Management’s portfolio is diversified across 8 sectors. Currently, their heaviest sector is Industrials — making up 12.2% of the total portfolio value. The fund focuses on investments in the United States as 52.4% 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 29% 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 $25.4 billion.

The complete list of Concourse Capital Management trades based on 13F SEC filings

These positions were updated on February 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
Charter Communications Inc N	No change 17,856	$8,662,000	10.12%
Amazon.com, Inc.	Closed 4,557	$7,911,000
PayPal Holdings, Inc.	No change 72,132	$7,803,000	9.12%
Nexstar Media Group, Inc.	73.70% 50,745	$5,950,000	6.95%
Acadia Healthcare Company In	21.76% 161,420	$5,362,000	6.27%
Constellium SE	Opened 373,480	$5,005,000	5.85%
Apollo Global Mgmt Inc	46.80% 102,004	$4,867,000	5.69%
XPO Logistics, Inc.	12.74% 60,970	$4,859,000	5.68%
Fuller H B Co	71.01% 87,610	$4,518,000	5.28%
Vonage Hldgs Corp	Closed 374,870	$4,236,000
Brinks Co	9.46% 46,070	$4,178,000	4.88%
Norwegian Cruise Line Hldg L	75.83% 71,160	$4,156,000	4.86%
MGM Resorts International	45.21% 117,400	$3,906,000	4.56%
Constellium SE	Closed 297,620	$3,783,000
Liberty Global Plc	No change 158,318	$3,451,000	4.03%
Us Foods Hldg Corp	28.25% 80,494	$3,372,000	3.94%
SS&C Technologies Holdings, Inc.	6.35% 54,720	$3,360,000	3.93%
OUTFRONT Media, Inc.	Closed 119,960	$3,332,000
Graftech Intl Ltd	Closed 250,752	$3,210,000
Nomad Foods Ltd.	Closed 146,494	$3,003,000
Upland Software, Inc.	15.14% 82,050	$2,930,000	3.42%
Tenet Healthcare Corp.	Opened 76,960	$2,927,000	3.42%
KKR & Co., Inc.	64.74% 89,453	$2,609,000	3.05%
Ebix, Inc.	Closed 61,140	$2,574,000
United Rentals, Inc.	Opened 14,480	$2,415,000	2.82%
Graphic Packaging Hldg Co	42.99% 124,590	$2,074,000	2.42%
Papa Johns Intl Inc	Closed 39,030	$2,043,000
Huntington Ingalls Inds Inc	Closed 8,240	$1,745,000
Evoqua Water Technologies Corp.	47.52% 85,380	$1,618,000	1.89%
CBIZ, Inc.	45.83% 57,810	$1,559,000	1.82%
Sirius XM Holdings, Inc.	Closed 106,711	$667,000
Skyworks Solutions, Inc.	Closed 6,618	$524,000
3-d Sys Corp Del	Closed 54,880	$447,000
Marchex, Inc.	Closed 138,744	$436,000
Quotient Technology, Inc.	Closed 53,800	$421,000
GoPro, Inc.	Closed 71,429	$370,000
Infinera Corp.	Closed 64,570	$352,000
InnerWorkings, Inc.	Closed 71,859	$318,000
Zillow Group, Inc.	Closed 6,954	$205,000
Barclays Bk Plc	Closed 8,605	$204,000
Castlight Health, Inc.	Closed 142,107	$200,000
American Superconductor Corp.	Closed 12,024	$94,000
Big 5 Sporting Goods Corp.	Closed 33,026	$69,000
No transactions found
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