We previously looked at how fund managers- Carl Icahn, Klarman, Einhorn, and Loeb adjusted their portfolios during Q4 2021, using their Form 13F disclosures.
In this blog, we focus on some of the largest firms by market value, that recently filed their Form 13F.
Clearbridge Investments
The latest Form 13F for Clearbridge Investments discloses a market value of $130B with a turnover of 11.75%. According to RADiENT data, the firm lost $13B from its last reported market value majorly due to movements in the price of the holdings. For example RADiENT data shows that Clearbridge Investments bought Alaska Air, Bank of Montreal and Workiva Inc etc, all of which gave negative returns in the month of March 2022.
The firm completely liquidated 48 positions from its portfolio, including holdings in IHS Markit, Apollo Global Management. Additionally, the firm added new holdings to its portfolio such as Canadian Imperial Bank of Commerce, Wokiva Inc, Cigna Corp and Eaton Corp etc.
FMR LLC
FMR LLC (Fidelity Management and Research Company) operates as a financial services corporation. The Company offers investment management, retirement options, brokerage, financial planning, and wealth management services. FMR filed its latest Form 13F for the period ending 31st March 2022. The firm reported a market value of $1.3T with a turnover of 24.8%. Some of the top bough holdings by FMR LLC for the last reporting period were Exxon Mobil, Canadian Nat Res Ltd, Hess Corp and VISA Inc. The firm added 965 new positions to its portfolio and completely liquidated 383 holdings.
OZ Management LP
( Fund Manager: Daniel Och)
OZ Management ( Now: Sculptor Capital Management) is a global diversified alternative asset management firm. They are one of the largest institutional alternative asset managers in the world. The firm operates multiple investment strategies, including multi-strategy, credit and, real estate. It has nearly 400 employees worldwide including offices in New York City, London, Hong Kong, Mumbai, and Shanghai.
OZ disclosed their latest Form 13F filing for the period end 31st march 2022. With a market value of $13B, this hedge fund has a turnover of nearly 42.4%. The firm reported a change of 127.11% in its market value due to its trading activity. Some of the securities that the firm added to its portfolio are:
Top sold securities by the firm are:
Latest news on Sculptor Capital Management
Sanders Capital LLC
Sanders Capital is a hedge fund company based in New York, NY. They operate 4 private funds and have approximately $76B in Total Reg AUM (according to its recent Form ADV). The firm's Form 13F shows a market value of $50B as of 31st March 2022. The top 10 holdings contribute nearly 66% to the total market value of the firm, these holdings include -Alphabet, Taiwan Semiconductor, United Health Group and Micron Tech.
Sanders Capital has held Alphabet and Microsoft in its top 10 holdings since December 2016 and March 2015 respectively.
Paradigm Capital Management
Paradigm Capital Management’s latest Form ADV discloses two private funds with a total gross asset value of $679M and 14 funds with $725M in AUM. This New York based adviser serves 60 HNIs and 2 pooled investment vehicles.
Its Form 13F disclosure shows a market value of $1.9B. According to RADiENT, the firm saw a drop of $387M in its market value from its previous filing for Q4 2021. During Q1 2022, Paradigm Capital entirely liquidated 10 holdings, including Forterra, Vocera Communications, Magellan Health Services and Calamp corp. The firm primarily focuses on holding securities from the sectors of IT (56% of the total portfolio), Healthcare (18.7%) and industrials (14.7%).
Users can track more such recent Form 13F disclosures on RADiENT.