1623 Capital 13F annual report
1623 Capital is an investment fund managing more than $169 billion ran by Kyle Wirth. There are currently 19 companies in Mrs. Wirth’s portfolio. The largest investments include Visa Inc and Adobe Inc, together worth $28.8 billion.
$169 billion Assets Under Management (AUM)
As of 6th August 2024, 1623 Capital’s top holding is 57,950 shares of Visa Inc currently worth over $15.2 billion and making up 9.0% of the portfolio value.
Relative to the number of outstanding shares of Visa Inc, 1623 Capital owns more than approximately 0.1% of the company.
In addition, the fund holds 24,519 shares of Adobe Inc worth $13.6 billion, whose value fell 11.8% in the past six months.
The third-largest holding is Schwab Charles Corp worth $13.4 billion and the next is Amazon.com worth $13.3 billion, with 68,700 shares owned.
Currently, 1623 Capital's portfolio is worth at least $169 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 1623 Capital
The 1623 Capital office and employees reside in Alexandria, Virginia. According to the last 13-F report filed with the SEC, Kyle Wirth serves as the Chief Compliance Officer at 1623 Capital.
Recent trades
In the most recent 13F filing, 1623 Capital revealed that it had opened a new position in
Super Micro Computer Inc and bought 1,785 shares worth $1.46 billion.
This means they effectively own approximately 0.1% of the company.
Super Micro Computer Inc makes up
3.5%
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 Visa Inc by buying
350 additional shares.
This makes their stake in Visa Inc total 57,950 shares worth $15.2 billion.
Visa Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that 1623 Capital is getting rid of from its portfolio.
1623 Capital closed its position in Chord Energy Corporation on 13th August 2024.
It sold the previously owned 10,737 shares for $1.91 billion.
Kyle Wirth also disclosed a decreased stake in Moodys Corp by 0.9%.
This leaves the value of the investment at $926 million and 2,200 shares.
One of the smallest hedge funds
The two most similar investment funds to 1623 Capital are Fairfield, Bush & Co and Summit Place Advisors. They manage $169 billion and $169 billion respectively.
Kyle Wirth investment strategy
1623 Capital’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Technology — making up 24.5% of
the total portfolio value.
The fund focuses on investments in the United States as
63.2% 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
58% 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 $266 billion.
The complete list of 1623 Capital 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 |
|---|---|---|---|
| Visa Inc |
0.61%
57,950
|
$15,210,137,000 | 9.02% |
| Adobe Inc |
0.20%
24,519
|
$13,621,285,000 | 8.07% |
| Schwab Charles Corp |
0.33%
182,300
|
$13,433,687,000 | 7.96% |
| Amazon.com Inc. |
0.59%
68,700
|
$13,276,275,000 | 7.87% |
| Apple Inc |
0.32%
62,500
|
$13,163,750,000 | 7.80% |
| Broadridge Finl Solutions In |
0.33%
61,600
|
$12,135,200,000 | 7.19% |
| ServiceNow Inc |
0.40%
15,100
|
$11,878,717,000 | 7.04% |
| NVR Inc. |
0.32%
1,268
|
$9,622,294,000 | 5.70% |
| Carlisle Cos Inc |
0.44%
23,000
|
$9,319,830,000 | 5.52% |
| Mastercard Incorporated |
0.26%
19,350
|
$8,536,446,000 | 5.06% |
| Trade Desk Inc |
0.46%
87,000
|
$8,497,290,000 | 5.04% |
| Dollar Gen Corp New |
0.16%
63,000
|
$8,330,490,000 | 4.94% |
| Asml Holding N V |
0.68%
7,450
|
$7,619,339,000 | 4.52% |
| Paycom Software Inc |
No change
40,900
|
$5,850,336,000 | 3.47% |
| Veeva Sys Inc |
0.32%
31,778
|
$5,815,692,000 | 3.45% |
| Pool Corporation |
No change
16,260
|
$4,997,186,000 | 2.96% |
| Zoetis Inc |
0.35%
28,800
|
$4,992,768,000 | 2.96% |
| Chord Energy Corporation |
Closed
10,737
|
$1,913,763,000 | |
| Super Micro Computer Inc |
Opened
1,785
|
$1,462,540,000 | 0.87% |
| Callon Pete Co Del |
Closed
30,164
|
$1,078,665,000 | |
| Moodys Corp |
88.30%
2,200
|
$926,046,000 | 0.55% |
| No transactions found | |||
| Showing first 500 out of 21 holdings | |||
Hedge funds similar to 1623 Capital
- Forte Asset Management
- Transcendent Capital
- Leverty
- First Citizens Corp
- Melone Private Wealth
- Summit Place Advisors
- Fairfield, Bush & Co
- Lane & Associates
- Custom Index Systems
- Applied Capital
- Wealthspan Partners
- Security Asset Management
- Worth Asset Management
- Alapocas Investment Partners