Soviero Asset Management, L.P. 13F annual report
Soviero Asset Management, L.P. is an investment fund managing more than $146 billion ran by Melissa Coleman. There are currently 35 companies in Mrs. Coleman’s portfolio. The largest investments include PBF Inc and Apple Inc, together worth $17.8 billion.
$146 billion Assets Under Management (AUM)
As of 7th August 2024, Soviero Asset Management, L.P.’s top holding is 235,000 shares of PBF Inc currently worth over $10.8 billion and making up 8.3% of the portfolio value.
Relative to the number of outstanding shares of PBF Inc, Soviero Asset Management, L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 33,000 shares of Apple Inc worth $6.95 billion, whose value grew 18.1% in the past six months.
The third-largest holding is Generac Inc worth $6.88 billion and the next is Freeport-McMoRan Inc worth $6.56 billion, with 135,000 shares owned.
Currently, Soviero Asset Management, L.P.'s portfolio is worth at least $146 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 Soviero Asset Management, L.P.
The Soviero Asset Management, L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Melissa Coleman serves as the Chief Compliance Officer at Soviero Asset Management, L.P..
Recent trades
In the most recent 13F filing, Soviero Asset Management, L.P. revealed that it had opened a new position in
Apple Inc and bought 33,000 shares worth $6.95 billion.
This means they effectively own approximately 0.1% of the company.
Apple Inc makes up
35.7%
of the fund's Consumer Discretionary sector allocation and has grown its share price by 21.2% in the past year.
The investment fund also strengthened its position in Alphabet Inc by buying
9,000 additional shares.
This makes their stake in Alphabet Inc total 35,000 shares worth $6.42 billion.
Alphabet Inc soared 25.9% in the past year.
On the other hand, there are companies that Soviero Asset Management, L.P. is getting rid of from its portfolio.
Soviero Asset Management, L.P. closed its position in Intel on 14th August 2024.
It sold the previously owned 145,000 shares for $6.4 billion.
Melissa Coleman also disclosed a decreased stake in PBF Inc by approximately 0.1%.
This leaves the value of the investment at $10.8 billion and 235,000 shares.
One of the smallest hedge funds
The two most similar investment funds to Soviero Asset Management, L.P. are Amundi Asset Management Us, Inc and John & Kathleen Schreiber Foundation. They manage $130 billion and $130 billion respectively.
Melissa Coleman investment strategy
Soviero Asset Management, L.P.’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Energy — making up 18.7% of
the total portfolio value.
The fund focuses on investments in the United States as
48.6% 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
20% of the total holdings value.
On the other hand, small-cap stocks make up only 2.9% of the portfolio.
The average market cap of the portfolio companies is close to $157 billion.
The complete list of Soviero Asset Management, L.P. trades based on 13F SEC filings
These positions were updated on August 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 |
|---|---|---|---|
| PBF Energy Inc |
2.49%
235,000
|
$10,814,700,000 | 8.31% |
| Apple Inc |
Opened
33,000
|
$6,950,460,000 | 5.34% |
| Generac Holdings Inc |
Opened
52,000
|
$6,875,440,000 | 5.28% |
| Freeport-McMoRan Inc |
2.17%
135,000
|
$6,561,000,000 | 5.04% |
| Alphabet Inc |
34.62%
35,000
|
$6,419,700,000 | 4.93% |
| Intel Corp. |
Closed
145,000
|
$6,404,650,000 | |
| U.S. Silica Holdings Inc |
Closed
508,000
|
$6,304,280,000 | |
| Opera Ltd |
73.03%
441,225
|
$6,194,799,000 | 4.76% |
| Sandridge Energy Inc |
34.70%
478,000
|
$6,180,540,000 | 4.75% |
| Potbelly Corp |
43.98%
732,000
|
$5,877,960,000 | 4.52% |
| Micron Technology Inc. |
29.51%
43,000
|
$5,655,790,000 | 4.35% |
| Bowlero Corp |
Opened
385,000
|
$5,578,650,000 | 4.29% |
| Williams Cos Inc |
Opened
120,000
|
$5,100,000,000 | 3.92% |
| Taiwan Semiconductor Mfg Ltd |
Opened
29,000
|
$5,040,490,000 | 3.87% |
| UiPath, Inc. |
Closed
210,000
|
$4,760,700,000 | |
| Range Res Corp |
20.45%
140,000
|
$4,694,200,000 | 3.61% |
| Shoe Carnival, Inc. |
26.00%
126,000
|
$4,648,140,000 | 3.57% |
| Cameco Corp. |
Opened
92,000
|
$4,526,400,000 | 3.48% |
| PayPal Holdings Inc |
Closed
63,000
|
$4,220,370,000 | |
| Truist Finl Corp |
Closed
100,000
|
$3,898,000,000 | |
| CRH Plc |
33.33%
50,000
|
$3,749,000,000 | 2.88% |
| Wolfspeed Inc |
Opened
160,000
|
$3,641,600,000 | 2.80% |
| Darling Ingredients Inc |
Opened
98,350
|
$3,614,363,000 | 2.78% |
| Sharkninja Inc |
Opened
48,000
|
$3,607,200,000 | 2.77% |
| Hudson Technologies, Inc. |
Closed
306,000
|
$3,369,060,000 | |
| Western Un Co |
46.51%
240,000
|
$2,932,800,000 | 2.25% |
| V F Corp |
Opened
215,000
|
$2,902,500,000 | 2.23% |
| Nordstrom, Inc. |
Closed
135,000
|
$2,736,450,000 | |
| Oracle Corp. |
Closed
21,000
|
$2,637,810,000 | |
| Palantir Technologies Inc. |
Opened
90,000
|
$2,279,700,000 | 1.75% |
| Cisco Sys Inc |
Closed
45,000
|
$2,245,950,000 | |
| Transocean Ltd |
6.49%
410,000
|
$2,193,500,000 | 1.69% |
| Jumia Technologies Ag |
15.15%
280,000
|
$1,965,600,000 | 1.51% |
| Enovix Corp |
Opened
120,000
|
$1,855,200,000 | 1.43% |
| AMMO, Inc. |
Closed
670,000
|
$1,842,500,000 | |
| Fifth Third Bancorp |
Opened
50,000
|
$1,824,500,000 | 1.40% |
| Red Robin Gourmet Burgers In |
Closed
237,000
|
$1,815,420,000 | |
| Bank America Corp |
Opened
45,000
|
$1,789,650,000 | 1.38% |
| Beyond Inc |
Closed
47,000
|
$1,687,770,000 | |
| Rapid7 Inc |
Closed
33,000
|
$1,618,320,000 | |
| AES Corp. |
Closed
90,000
|
$1,613,700,000 | |
| Mueller Wtr Prods Inc |
Opened
90,000
|
$1,612,800,000 | 1.24% |
| Hertz Global Holdings Inc. |
77.08%
425,000
|
$1,500,250,000 | 1.15% |
| Jakks Pac Inc |
Closed
56,000
|
$1,383,200,000 | |
| Primo Water Corporation |
Opened
60,000
|
$1,311,600,000 | 1.01% |
| Jetblue Awys Corp |
Closed
170,000
|
$1,261,400,000 | |
| Nano-X Imaging Ltd. |
Closed
120,000
|
$1,172,400,000 | |
| Nerdy Inc |
Closed
350,000
|
$1,018,500,000 | |
| Standard Lithium Ltd |
12.68%
620,000
|
$775,000,000 | 0.60% |
| Logistic Properties Of The A |
Opened
53,000
|
$556,500,000 | 0.43% |
| TREX Co., Inc. |
89.06%
5,000
|
$370,600,000 | 0.28% |
| Bark Inc |
Opened
170,000
|
$307,700,000 | 0.24% |
| Duckhorn Portfolio, Inc. |
Closed
30,000
|
$279,300,000 | |
| Domo Inc. |
Opened
30,000
|
$231,600,000 | 0.18% |
| Virco Mfg Co |
Closed
15,000
|
$163,950,000 | |
| No transactions found | |||
| Showing first 500 out of 55 holdings | |||
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