Meru Capital L.P. 13F annual report
Meru Capital L.P. is an investment fund managing more than $30.6 million ran by Fabio Santagata. There are currently 14 companies in Mr. Santagata’s portfolio. The largest investments include Facebook and Citigroup, together worth $10.4 million.
$30.6 million Assets Under Management (AUM)
As of 7th November 2020, Meru Capital L.P.’s top holding is 20,300 shares of Facebook currently worth over $5.32 million and making up 17.4% of the portfolio value.
Relative to the number of outstanding shares of Facebook, Meru Capital L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 117,800 shares of Citigroup worth $5.08 million, whose value grew 15.7% in the past six months.
The third-largest holding is Athene worth $4.71 million and the next is American Intl Group Inc worth $4.55 million, with 165,300 shares owned.
Currently, Meru Capital L.P.'s portfolio is worth at least $30.6 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 Meru Capital L.P.
The Meru Capital L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Fabio Santagata serves as the CFO at Meru Capital L.P..
Recent trades
In the most recent 13F filing, Meru Capital L.P. revealed that it had opened a new position in
Spdr S&p 500 Etf Tr and bought 12,000 shares worth $4.02 million.
The investment fund also strengthened its position in Citigroup by buying
49,800 additional shares.
This makes their stake in Citigroup total 117,800 shares worth $5.08 million.
Citigroup dropped 34.1% in the past year.
On the other hand, there are companies that Meru Capital L.P. is getting rid of from its portfolio.
Meru Capital L.P. closed its position in Ally Finl Inc on 13th November 2020.
It sold the previously owned 247,000 shares for $4.9 million.
Fabio Santagata also disclosed a decreased stake in Facebook by 0.4%.
This leaves the value of the investment at $5.32 million and 20,300 shares.
One of the smallest hedge funds
The two most similar investment funds to Meru Capital L.P. are Columbia Pacific Advisors and Accipiter Capital Management. They manage $30.6 million and $30.7 million respectively.
Fabio Santagata investment strategy
Meru Capital L.P.’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Finance — making up 38.3% of
the total portfolio value.
The fund focuses on investments in the United States as
64.3% 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
57% of the total holdings value.
On the other hand, small-cap stocks make up 14.3% of the portfolio.
The average market cap of the portfolio companies is close to $573 billion.
The complete list of Meru Capital L.P. trades based on 13F SEC filings
These positions were updated on November 13th 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 |
|---|---|---|---|
| Facebook, Inc. |
40.47%
20,300
|
$5,317,000 | 17.36% |
| Citigroup, Inc. |
73.24%
117,800
|
$5,078,000 | 16.58% |
| Ally Finl Inc |
Closed
247,000
|
$4,898,000 | |
| Athene Holding Ltd. |
21.03%
138,200
|
$4,710,000 | 15.37% |
| Verizon Communications, Inc. |
Closed
83,000
|
$4,576,000 | |
| American Intl Group Inc |
6.65%
165,300
|
$4,551,000 | 14.86% |
| Spdr S&p 500 Etf Tr |
Opened
12,000
|
$4,019,000 | 13.12% |
| Alphabet, Inc. |
50.78%
1,575
|
$2,308,000 | 7.53% |
| Pfizer Inc. |
Closed
60,000
|
$1,962,000 | |
| Visa, Inc. |
Opened
6,100
|
$1,220,000 | 3.98% |
| Franklin Resources, Inc. |
Closed
49,600
|
$1,040,000 | |
| Bk Of America Corp |
Closed
38,000
|
$903,000 | |
| Discover Finl Svcs |
Closed
17,700
|
$887,000 | |
| The Goldman Sachs Group, Inc. |
64.00%
3,600
|
$723,000 | 2.36% |
| Apple, Inc. |
Opened
6,100
|
$706,000 | 2.30% |
| Apache Corp. |
Closed
50,000
|
$675,000 | |
| AerCap Holdings NV |
Opened
25,900
|
$652,000 | 2.13% |
| NVIDIA Corp. |
Opened
1,200
|
$649,000 | 2.12% |
| Lazard Ltd. |
Closed
18,000
|
$515,000 | |
| Vornado Rlty Tr |
Opened
7,200
|
$243,000 | 0.79% |
| Microsoft Corp. |
Opened
1,100
|
$231,000 | 0.75% |
| T-Mobile US, Inc. |
Opened
2,000
|
$229,000 | 0.75% |
| No transactions found | |||
| Showing first 500 out of 22 holdings | |||
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