Flight Deck Capital, L.P. 13F annual report

Flight Deck Capital, L.P. is an investment fund managing more than $81.9 billion ran by Erin Lavelle. There are currently 13 companies in Mrs. Lavelle’s portfolio. The largest investments include MercadoLibre Inc and Dlocal Ltd, together worth $21.4 billion.

$81.9 billion Assets Under Management (AUM)

As of 7th November 2023, Flight Deck Capital, L.P.’s top holding is 9,567 shares of MercadoLibre Inc currently worth over $12.1 billion and making up 14.8% of the portfolio value. Relative to the number of outstanding shares of MercadoLibre Inc, Flight Deck Capital, L.P. owns more than approximately 0.1% of the company. In addition, the fund holds 484,353 shares of Dlocal Ltd worth $9.29 billion. The third-largest holding is Nu Hldgs Ltd worth $8.47 billion and the next is Toast worth $8.41 billion, with 448,874 shares owned.

Currently, Flight Deck Capital, L.P.'s portfolio is worth at least $81.9 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 Flight Deck Capital, L.P.

The Flight Deck Capital, L.P. office and employees reside in San Francisco, California. According to the last 13-F report filed with the SEC, Erin Lavelle serves as the CCO, CFO, and COO at Flight Deck Capital, L.P..

Recent trades

In the most recent 13F filing, Flight Deck Capital, L.P. revealed that it had opened a new position in Nu Hldgs Ltd and bought 1,168,133 shares worth $8.47 billion.

The investment fund also strengthened its position in Dlocal Ltd by buying 134,080 additional shares. This makes their stake in Dlocal Ltd total 484,353 shares worth $9.29 billion.

On the other hand, there are companies that Flight Deck Capital, L.P. is getting rid of from its portfolio. Flight Deck Capital, L.P. closed its position in Five9 Inc on 14th November 2023. It sold the previously owned 115,454 shares for $10.5 million. Erin Lavelle also disclosed a decreased stake in MercadoLibre Inc by 0.5%. This leaves the value of the investment at $12.1 billion and 9,567 shares.

One of the smallest hedge funds

The two most similar investment funds to Flight Deck Capital, L.P. are Elm Ridge Management and Blodgett Wealth Advisors. They manage $82 billion and $82.1 billion respectively.


Erin Lavelle investment strategy

Flight Deck Capital, L.P.’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Technology — making up 19.9% of the total portfolio value. The fund focuses on investments in the United States as 53.8% 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 46% 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 $92.3 billion.

The complete list of Flight Deck Capital, L.P. trades based on 13F SEC filings

These positions were updated on November 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
MercadoLibre Inc
46.15%
9,567
$12,129,808,000 14.81%
Dlocal Ltd
38.28%
484,353
$9,285,047,000 11.34%
Nu Hldgs Ltd
Opened
1,168,133
$8,468,964,000 10.34%
Toast, Inc.
4.79%
448,874
$8,407,410,000 10.27%
Clear Channel Outdoor Hldgs
53.40%
4,831,884
$7,634,377,000 9.32%
Sentinelone Inc
0.45%
421,870
$7,112,728,000 8.68%
Roblox Corporation
Opened
211,700
$6,130,832,000 7.49%
Datadog Inc
54.67%
52,700
$4,800,443,000 5.86%
Nextdoor Holdings, Inc.
273.40%
2,318,370
$4,219,433,000 5.15%
Hashicorp Inc
Opened
167,636
$3,827,130,000 4.67%
Netflix Inc.
Opened
9,816
$3,706,522,000 4.53%
Pinterest Inc
Opened
114,700
$3,100,341,000 3.79%
Tesla Inc
24.24%
12,300
$3,077,706,000 3.76%
Five9 Inc
Closed
115,454
$10,522,000
Crowdstrike Holdings Inc
Closed
59,400
$10,012,000
Endeavor Group Hldgs Inc
Closed
477,277
$9,813,000
Unity Software Inc.
Closed
228,800
$8,424,000
Twilio Inc
Closed
92,700
$7,769,000
Fleetcor Technologies Inc
Closed
32,400
$6,808,000
Palo Alto Networks Inc
Closed
12,700
$6,273,000
Uber Technologies Inc
Closed
288,700
$5,907,000
Dynatrace Inc
Closed
140,400
$5,537,000
Microsoft Corporation
Closed
20,000
$5,137,000
CyberArk Software Ltd
Closed
38,714
$4,954,000
No transactions found
Showing first 500 out of 24 holdings