Legion Partners Asset Management is an investment fund managing more than $432 billion ran by Raymond White. There are currently 13 companies in Mr. White’s portfolio. The largest investments include Advance Auto Parts Inc and Digitalbridge Group Inc, together worth $130 billion.
As of 7th August 2024, Legion Partners Asset Management’s top holding is 772,950 shares of Advance Auto Parts Inc currently worth over $65.8 billion and making up 15.2% of the portfolio value.
Relative to the number of outstanding shares of Advance Auto Parts Inc, Legion Partners Asset Management owns more than approximately 0.1% of the company.
In addition, the fund holds 3,342,010 shares of Digitalbridge Group Inc worth $64.4 billion.
The third-largest holding is Chefs Whse Inc worth $50 billion and the next is Clear Channel Outdoor Hldgs worth $42.8 billion, with 25,948,728 shares owned.
Currently, Legion Partners Asset Management's portfolio is worth at least $432 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.
The Legion Partners Asset Management office and employees reside in Los Angeles, California. According to the last 13-F report filed with the SEC, Raymond White serves as the Chief Compliance Officer at Legion Partners Asset Management.
In the most recent 13F filing, Legion Partners Asset Management revealed that it had opened a new position in
Advance Auto Parts Inc and bought 772,950 shares worth $65.8 billion.
This means they effectively own approximately 0.1% of the company.
Advance Auto Parts Inc makes up
67.3%
of the fund's Consumer Discretionary sector allocation and has decreased its share price by 15.4% in the past year.
The investment fund also strengthened its position in Digitalbridge Group Inc by buying
236,455 additional shares.
This makes their stake in Digitalbridge Group Inc total 3,342,010 shares worth $64.4 billion.
On the other hand, there are companies that Legion Partners Asset Management is getting rid of from its portfolio.
Legion Partners Asset Management closed its position in Nutanix Inc on 14th August 2024.
It sold the previously owned 1,417,812 shares for $36.8 billion.
Raymond White also disclosed a decreased stake in Primo Water by approximately 0.1%.
This leaves the value of the investment at $42.2 billion and 2,315,065 shares.
The two most similar investment funds to Legion Partners Asset Management are Perspectives, Inc and Channel Wealth. They manage $269 billion and $269 billion respectively.
Legion Partners Asset Management’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 22.6% of
the total portfolio value.
The fund focuses on investments in the United States as
61.5% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
8% of the total holdings value.
On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $2.98 billion.
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 |
|---|---|---|---|
| Advance Auto Parts Inc |
Opened
772,950
|
$65,770,316,000 | 15.23% |
| Digitalbridge Group Inc |
7.61%
3,342,010
|
$64,400,533,000 | 14.91% |
| Chefs Whse Inc |
Opened
1,328,564
|
$50,033,720,000 | 11.58% |
| Clear Channel Outdoor Hldgs |
26.32%
25,948,728
|
$42,815,401,000 | 9.91% |
| Primo Water Corporation |
3.28%
2,315,065
|
$42,157,334,000 | 9.76% |
| Nutanix Inc |
Closed
1,417,812
|
$36,848,934,000 | |
| Twilio Inc |
No change
601,050
|
$36,754,208,000 | 8.51% |
| OneSpan Inc |
13.48%
3,008,030
|
$34,983,389,000 | 8.10% |
| Guess Inc. |
Closed
1,460,945
|
$28,429,990,000 | |
| Garrett Motion Inc |
Opened
2,412,954
|
$23,984,763,000 | 5.55% |
| Momentive Global Inc |
Closed
2,341,675
|
$21,824,411,000 | |
| NN Inc |
3.24%
4,281,929
|
$20,296,343,000 | 4.70% |
| V F Corp |
Opened
1,239,310
|
$19,011,015,000 | 4.40% |
| Lifecore Biomedical Inc |
0.34%
2,950,227
|
$15,665,705,000 | 3.63% |
| Genesco Inc. |
Closed
418,942
|
$15,450,581,000 | |
| Bloomin Brands Inc |
44.02%
279,298
|
$8,010,267,000 | 1.85% |
| Globalstar Inc. |
196.73%
5,445,000
|
$8,004,150,000 | 1.85% |
| Us Foods Hldg Corp |
Closed
205,185
|
$7,579,534,000 | |
| No transactions found | |||
| Showing first 500 out of 18 holdings | |||