Industry Ventures, L.L.C 13F annual report

Industry Ventures, L.L.C is an investment fund managing more than $64.9 billion ran by Joseph Iii. There are currently 9 companies in Mr. Iii’s portfolio. The largest investments include Maplebear Inc and Marqeta Inc, together worth $50.3 billion.

$64.9 billion Assets Under Management (AUM)

As of 4th July 2024, Industry Ventures, L.L.C’s top holding is 980,458 shares of Maplebear Inc currently worth over $31.5 billion and making up 48.6% of the portfolio value. In addition, the fund holds 3,430,264 shares of Marqeta Inc worth $18.8 billion. The third-largest holding is Braze Inc worth $7.33 billion and the next is Udemy Inc worth $3.45 billion, with 400,000 shares owned.

Currently, Industry Ventures, L.L.C's portfolio is worth at least $64.9 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 Industry Ventures, L.L.C

The Industry Ventures, L.L.C office and employees reside in San Francisco, California. According to the last 13-F report filed with the SEC, Joseph Iii serves as the CCO/CAO at Industry Ventures, L.L.C.

Recent trades

In the most recent 13F filing, Industry Ventures, L.L.C revealed that it had opened a new position in Maplebear Inc and bought 980,458 shares worth $31.5 billion.

The investment fund also strengthened its position in Compass by buying 284,382 additional shares. This makes their stake in Compass total 291,714 shares worth $1.05 billion. Compass soared 2.0% in the past year.

On the other hand, there are companies that Industry Ventures, L.L.C is getting rid of from its portfolio. Industry Ventures, L.L.C closed its position in Nu Hldgs Ltd on 11th July 2024. It sold the previously owned 2,664,051 shares for $21 billion. Joseph Iii also disclosed a decreased stake in Marqeta Inc by 0.6%. This leaves the value of the investment at $18.8 billion and 3,430,264 shares.

One of the smallest hedge funds

The two most similar investment funds to Industry Ventures, L.L.C are Dynamo Administracao De Recursos Ltda and Crystalline Management. They manage $64.9 billion and $64.9 billion respectively.

Joseph Iii investment strategy

Industry Ventures, L.L.C’s portfolio is diversified across 2 sectors. Currently, their heaviest sector is Technology — making up 5.7% of the total portfolio value. The fund focuses on investments in the United States as 44.4% 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 11% 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 $14.7 billion.

The complete list of Industry Ventures, L.L.C trades based on 13F SEC filings

These positions were updated on July 11th 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
Maplebear Inc	Opened 980,458	$31,511,920,000	48.55%
Nu Hldgs Ltd	Closed 2,664,051	$21,019,362,000
Marqeta Inc	55.95% 3,430,264	$18,797,847,000	28.96%
Oscar Health, Inc.	Closed 1,053,556	$8,491,661,000
Braze Inc	Opened 188,773	$7,331,943,000	11.30%
Udemy Inc	Opened 400,000	$3,452,000,000	5.32%
GitLab Inc.	26.79% 26,215	$1,303,410,000	2.01%
Compass, Inc.	3,878.64% 291,714	$1,050,170,000	1.62%
Vacasa Inc	Closed 1,307,212	$886,943,000
Affirm Holdings, Inc.	Opened 24,205	$731,233,000	1.13%
Snowflake Inc.	Opened 4,408	$595,477,000	0.92%
Nextdoor Holdings, Inc.	Closed 112,447	$366,577,000
Spire Global Inc	Closed 580,431	$298,922,000
Notable Labs Ltd	Opened 204,424	$128,501,000	0.20%
No transactions found
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