Nierenberg Investment Management 13F annual report
Nierenberg Investment Management is an investment fund managing more than $171 billion ran by Hanna Kuehl. There are currently 45 companies in Mrs. Kuehl’s portfolio. The largest investments include Mr. Cooper Inc and Potbelly Corp, together worth $64.5 billion.
$171 billion Assets Under Management (AUM)
As of 6th August 2024, Nierenberg Investment Management’s top holding is 514,184 shares of Mr. Cooper Inc currently worth over $41.8 billion and making up 24.5% of the portfolio value.
Relative to the number of outstanding shares of Mr. Cooper Inc, Nierenberg Investment Management owns more than approximately 0.1% of the company.
In addition, the fund holds 2,829,860 shares of Potbelly Corp worth $22.7 billion, whose value fell 41.5% in the past six months.
The third-largest holding is Fluor Corp New worth $18.9 billion and the next is EQT Corp worth $18.8 billion, with 508,693 shares owned.
Currently, Nierenberg Investment Management's portfolio is worth at least $171 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 Nierenberg Investment Management
The Nierenberg Investment Management office and employees reside in Camas, Washington. According to the last 13-F report filed with the SEC, Hanna Kuehl serves as the Chief Compliance Officer at Nierenberg Investment Management.
Recent trades
In the most recent 13F filing, Nierenberg Investment Management revealed that it had opened a new position in
Match and bought 55,555 shares worth $1.69 billion.
This means they effectively own approximately 0.1% of the company.
Match makes up
7.0%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in EQT Corp by buying
22,000 additional shares.
This makes their stake in EQT Corp total 508,693 shares worth $18.8 billion.
EQT Corp dropped approximately 0.1% in the past year.
On the other hand, there are companies that Nierenberg Investment Management is getting rid of from its portfolio.
Nierenberg Investment Management closed its position in SP Plus Corp on 13th August 2024.
It sold the previously owned 37,555 shares for $1.96 billion.
Hanna Kuehl also disclosed a decreased stake in Mr. Cooper Inc by approximately 0.1%.
This leaves the value of the investment at $41.8 billion and 514,184 shares.
One of the smallest hedge funds
The two most similar investment funds to Nierenberg Investment Management are Alpha Family Trust and Vision One Management Partners, L.P.. They manage $171 billion and $171 billion respectively.
Hanna Kuehl investment strategy
Nierenberg Investment Management’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Finance — making up 33.0% of
the total portfolio value.
The fund focuses on investments in the United States as
64.4% 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
7% of the total holdings value.
On the other hand, small-cap stocks make up only 6.7% of the portfolio.
The average market cap of the portfolio companies is close to $3.25 billion.
The complete list of Nierenberg Investment Management trades based on 13F SEC filings
These positions were updated on August 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 |
|---|---|---|---|
| Mr. Cooper Group Inc |
5.05%
514,184
|
$41,767,166,000 | 24.48% |
| Potbelly Corp |
No change
2,829,860
|
$22,723,776,000 | 13.32% |
| Fluor Corp New |
No change
433,588
|
$18,882,757,000 | 11.07% |
| EQT Corp |
4.52%
508,693
|
$18,811,467,000 | 11.03% |
| Cantaloupe Inc |
No change
2,641,658
|
$17,434,943,000 | 10.22% |
| Eastern Bankshares, Inc. |
37.44%
613,088
|
$8,570,970,000 | 5.02% |
| Flotek Inds Inc Del |
No change
1,247,637
|
$6,125,898,000 | 3.59% |
| KBR Inc |
No change
50,710
|
$3,252,539,000 | 1.91% |
| Tutor Perini Corp |
No change
102,610
|
$2,234,846,000 | 1.31% |
| Clearfield Inc |
No change
57,510
|
$2,217,586,000 | 1.30% |
| SP Plus Corp |
Closed
37,555
|
$1,961,122,000 | |
| Concentrix Corporation |
40.18%
27,910
|
$1,766,145,000 | 1.04% |
| First Horizon Corporation |
78.33%
111,555
|
$1,759,222,000 | 1.03% |
| Match Group Inc. |
Opened
55,555
|
$1,687,761,000 | 0.99% |
| Ecovyst Inc |
No change
182,610
|
$1,638,012,000 | 0.96% |
| Riverview Bancorp, Inc. |
Opened
402,395
|
$1,605,556,000 | 0.94% |
| Diversified Healthcare Tr |
2.35%
456,110
|
$1,391,136,000 | 0.82% |
| Southwestern Energy Company |
No change
199,555
|
$1,343,005,000 | 0.79% |
| Helix Energy Solutions Grp I |
8.98%
111,555
|
$1,331,967,000 | 0.78% |
| Sonos Inc |
Closed
67,555
|
$1,287,598,000 | |
| Helen of Troy Ltd |
No change
13,080
|
$1,213,039,000 | 0.71% |
| International Seaways Inc |
12.78%
20,480
|
$1,210,982,000 | 0.71% |
| Superior Inds Intl Inc |
17.84%
350,110
|
$1,137,858,000 | 0.67% |
| Brookdale Sr Living Inc |
106.45%
160,110
|
$1,093,551,000 | 0.64% |
| Hope Bancorp Inc |
Opened
99,555
|
$1,069,221,000 | 0.63% |
| Flushing Finl Corp |
Opened
77,555
|
$1,019,848,000 | 0.60% |
| Arhaus Inc |
No change
59,310
|
$1,004,711,000 | 0.59% |
| Range Res Corp |
No change
29,555
|
$990,979,000 | 0.58% |
| Matrix Svc Co |
No change
99,555
|
$988,581,000 | 0.58% |
| Bread Financial Holdings Inc |
No change
21,210
|
$945,118,000 | 0.55% |
| Premier Inc |
51.94%
37,010
|
$690,977,000 | 0.40% |
| Gulf Is Fabrication Inc |
No change
111,555
|
$677,139,000 | 0.40% |
| Applovin Corp |
No change
7,555
|
$628,727,000 | 0.37% |
| Veritex Holdings Inc |
Opened
29,555
|
$623,315,000 | 0.37% |
| Community Health Sys Inc New |
Opened
175,555
|
$589,865,000 | 0.35% |
| Photronics, Inc. |
Opened
22,555
|
$556,432,000 | 0.33% |
| Smart Sand Inc |
No change
222,555
|
$469,591,000 | 0.28% |
| DXC Technology Co |
Opened
13,555
|
$258,765,000 | 0.15% |
| Dana Inc |
No change
21,350
|
$258,762,000 | 0.15% |
| DZS Inc |
No change
172,555
|
$201,889,000 | 0.12% |
| Orion Group Holdings Inc |
Closed
22,555
|
$184,951,000 | |
| Scynexis Inc |
Opened
75,555
|
$151,110,000 | 0.09% |
| First Fndtn Inc |
Opened
15,555
|
$101,885,000 | 0.06% |
| Enzo Biochem, Inc. |
666.38%
88,555
|
$96,525,000 | 0.06% |
| Chromadex Corp |
Opened
11,555
|
$31,545,000 | 0.02% |
| W & T Offshore Inc |
No change
13,555
|
$29,008,000 | 0.02% |
| Olaplex Hldgs Inc |
Opened
12,555
|
$19,335,000 | 0.01% |
| CytomX Therapeutics Inc |
Opened
12,555
|
$15,317,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 48 holdings | |||
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