Candelo Capital Management L.P. 13F annual report
Candelo Capital Management L.P. is an investment fund managing more than $135 billion ran by John Mcmonagle. There are currently 21 companies in Mr. Mcmonagle’s portfolio. The largest investments include Element Solutions Inc and Aercap Holdings Nv, together worth $21 billion.
$135 billion Assets Under Management (AUM)
As of 7th August 2024, Candelo Capital Management L.P.’s top holding is 410,281 shares of Element Solutions Inc currently worth over $11.1 billion and making up 8.2% of the portfolio value.
Relative to the number of outstanding shares of Element Solutions Inc, Candelo Capital Management L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 105,452 shares of Aercap Holdings Nv worth $9.83 billion.
The third-largest holding is PTC Inc worth $9.22 billion and the next is Entegris Inc worth $8.44 billion, with 62,337 shares owned.
Currently, Candelo Capital Management L.P.'s portfolio is worth at least $135 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 Candelo Capital Management L.P.
The Candelo Capital Management L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, John Mcmonagle serves as the Portfolio Manager at Candelo Capital Management L.P..
Recent trades
In the most recent 13F filing, Candelo Capital Management L.P. revealed that it had opened a new position in
Clean Harbors and bought 33,900 shares worth $7.67 billion.
This means they effectively own approximately 0.1% of the company.
Clean Harbors makes up
24.4%
of the fund's Industrials sector allocation and has grown its share price by 31.9% in the past year.
The investment fund also strengthened its position in Aercap Holdings Nv by buying
53,848 additional shares.
This makes their stake in Aercap Holdings Nv total 105,452 shares worth $9.83 billion.
On the other hand, there are companies that Candelo Capital Management L.P. is getting rid of from its portfolio.
Candelo Capital Management L.P. closed its position in Builders Firstsource Inc on 14th August 2024.
It sold the previously owned 57,322 shares for $12 billion.
John Mcmonagle also disclosed a decreased stake in GE Aerospace by 0.3%.
This leaves the value of the investment at $6.79 billion and 42,732 shares.
One of the smallest hedge funds
The two most similar investment funds to Candelo Capital Management L.P. are Bcu Wealth Advisors and Lynx Investment Advisory. They manage $135 billion and $135 billion respectively.
John Mcmonagle investment strategy
Candelo Capital Management L.P.’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Technology — making up 29.8% of
the total portfolio value.
The fund focuses on investments in the United States as
61.9% 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
48% 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 $57.7 billion.
The complete list of Candelo Capital 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 |
|---|---|---|---|
| Builders Firstsource Inc |
Closed
57,322
|
$11,954,503,000 | |
| Element Solutions Inc |
No change
410,281
|
$11,126,821,000 | 8.25% |
| Aercap Holdings Nv |
104.35%
105,452
|
$9,828,126,000 | 7.28% |
| PTC Inc |
8.26%
50,766
|
$9,222,659,000 | 6.83% |
| TE Connectivity Ltd |
Closed
63,283
|
$9,191,223,000 | |
| Entegris Inc |
59.87%
62,337
|
$8,440,430,000 | 6.25% |
| Wabtec |
0.34%
51,367
|
$8,118,554,000 | 6.02% |
| nVent Electric plc |
31.12%
102,028
|
$7,816,365,000 | 5.79% |
| TFI International Inc |
13.74%
53,807
|
$7,810,624,000 | 5.79% |
| Clean Harbors, Inc. |
Opened
33,900
|
$7,666,485,000 | 5.68% |
| GE Aerospace |
28.72%
42,732
|
$6,793,106,000 | 5.03% |
| Quanta Svcs Inc |
Closed
24,099
|
$6,260,920,000 | |
| Gulfport Energy Corp. |
8.76%
41,026
|
$6,194,926,000 | 4.59% |
| Autodesk Inc. |
Opened
24,630
|
$6,094,694,000 | 4.52% |
| Linde Plc. |
40.99%
13,800
|
$6,055,578,000 | 4.49% |
| Taiwan Semiconductor Mfg Ltd |
Opened
34,750
|
$6,039,898,000 | 4.48% |
| Teck Resources Ltd |
Closed
130,681
|
$5,982,576,000 | |
| Mobileye Global Inc |
Closed
171,238
|
$5,505,302,000 | |
| Transdigm Group Incorporated |
66.37%
4,121
|
$5,265,031,000 | 3.90% |
| Vistra Corp |
77.15%
57,398
|
$4,935,080,000 | 3.66% |
| CRH Plc |
49.30%
60,820
|
$4,560,284,000 | 3.38% |
| NVIDIA Corp |
600.95%
36,800
|
$4,546,272,000 | 3.37% |
| Ge Vernova Inc |
Opened
25,100
|
$4,304,901,000 | 3.19% |
| Analog Devices Inc. |
Opened
18,200
|
$4,154,332,000 | 3.08% |
| Vertiv Holdings Co |
39.42%
44,875
|
$3,884,829,000 | 2.88% |
| Cheniere Energy Inc. |
Opened
11,973
|
$2,093,240,000 | 1.55% |
| No transactions found | |||
| Showing first 500 out of 26 holdings | |||
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