Once Capital Management 13F annual report
Once Capital Management is an investment fund managing more than $202 billion ran by Luca Bellati. There are currently 23 companies in Mr. Bellati’s portfolio. The largest investments include NVIDIA Corp and Apple Inc, together worth $72.9 billion.
$202 billion Assets Under Management (AUM)
As of 17th July 2024, Once Capital Management’s top holding is 482,000 shares of NVIDIA Corp currently worth over $59.5 billion and making up 29.5% of the portfolio value.
Relative to the number of outstanding shares of NVIDIA Corp, Once Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 63,450 shares of Apple Inc worth $13.4 billion, whose value grew 15.3% in the past six months.
The third-largest holding is Advanced Micro Devices worth $13.3 billion and the next is Spotify Technology Sa worth $12.6 billion, with 40,100 shares owned.
Currently, Once Capital Management's portfolio is worth at least $202 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 Once Capital Management
The Once Capital Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Luca Bellati serves as the Chief Compliance Officer at Once Capital Management.
Recent trades
In the most recent 13F filing, Once Capital Management revealed that it had opened a new position in
ServiceNow Inc and bought 500 shares worth $393 million.
This means they effectively own approximately 0.1% of the company.
ServiceNow Inc makes up
0.3%
of the fund's Technology sector allocation and has grown its share price by 30.0% in the past year.
The investment fund also strengthened its position in NVIDIA Corp by buying
433,800 additional shares.
This makes their stake in NVIDIA Corp total 482,000 shares worth $59.5 billion.
NVIDIA Corp dropped 72.3% in the past year.
On the other hand, there are companies that Once Capital Management is getting rid of from its portfolio.
Once Capital Management closed its position in Virgin Galactic Inc on 24th July 2024.
It sold the previously owned 836,600 shares for $1.24 billion.
Luca Bellati also disclosed a decreased stake in Apple Inc by 0.2%.
This leaves the value of the investment at $13.4 billion and 63,450 shares.
One of the smallest hedge funds
The two most similar investment funds to Once Capital Management are Warren Street Wealth Advisors and Sona Asset Management (us). They manage $202 billion and $202 billion respectively.
Luca Bellati investment strategy
Once Capital Management’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Technology — making up 64.9% of
the total portfolio value.
The fund focuses on investments in the United States as
78.3% 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 only 4.3% of the portfolio.
The average market cap of the portfolio companies is close to $292 billion.
The complete list of Once Capital Management trades based on 13F SEC filings
These positions were updated on July 24th 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 |
|---|---|---|---|
| NVIDIA Corp |
900.00%
482,000
|
$59,546,280,000 | 29.50% |
| Apple Inc |
20.14%
63,450
|
$13,363,839,000 | 6.62% |
| Advanced Micro Devices Inc. |
No change
81,800
|
$13,268,778,000 | 6.57% |
| Spotify Technology Sa |
No change
40,100
|
$12,582,979,000 | 6.23% |
| Microsoft Corporation |
No change
27,400
|
$12,246,430,000 | 6.07% |
| Crowdstrike Holdings Inc |
No change
29,300
|
$11,227,467,000 | 5.56% |
| Ast Spacemobile Inc |
11.65%
919,000
|
$10,669,590,000 | 5.29% |
| Amazon.com Inc. |
No change
53,900
|
$10,416,175,000 | 5.16% |
| Pinterest Inc |
No change
206,700
|
$9,109,269,000 | 4.51% |
| Marvell Technology Inc |
No change
130,100
|
$9,093,990,000 | 4.50% |
| Grayscale Bitcoin Trust Btc |
No change
107,700
|
$5,733,948,000 | 2.84% |
| Snowflake Inc. |
17.14%
41,000
|
$5,538,690,000 | 2.74% |
| Salesforce Inc |
No change
20,800
|
$5,347,680,000 | 2.65% |
| Affirm Holdings, Inc. |
103.08%
171,400
|
$5,177,994,000 | 2.57% |
| Tesla Inc |
64.10%
19,200
|
$3,799,296,000 | 1.88% |
| Roblox Corporation |
No change
100,000
|
$3,721,000,000 | 1.84% |
| Proshares Ultra Qqq |
44.58%
36,000
|
$3,593,160,000 | 1.78% |
| DraftKings Inc. |
No change
85,300
|
$3,255,901,000 | 1.61% |
| SoFi Technologies, Inc. |
No change
250,000
|
$1,652,500,000 | 0.82% |
| Rocket Lab Usa Inc |
No change
322,500
|
$1,548,000,000 | 0.77% |
| Virgin Galactic Holdings Inc |
Closed
836,600
|
$1,238,168,000 | |
| Beyond Meat Inc |
Closed
64,300
|
$532,404,000 | |
| ServiceNow Inc |
Opened
500
|
$393,335,000 | 0.19% |
| Virgin Galactic Holdings Inc |
Opened
41,830
|
$352,627,000 | 0.17% |
| Teladoc Health Inc |
No change
23,500
|
$229,830,000 | 0.11% |
| No transactions found | |||
| Showing first 500 out of 25 holdings | |||
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