McKinley Capital Bought Additional 709K shares in Hims & Hers Health

July 26, 2023

McKinley Capital Management LLC filed its most recent 13F on 25 Jul 2023, for the quarter ended 31 Mar 2023.

market value McKinley Capital Management

The firm disclosed $754.92 M in assets with a turnover of 23.12%.

It holds 160 securities in its 13F portfolio, and the top 10 holdings account for 29.4% of the portfolio.

top holdings mckinley capital

 

McKinley Capital Management LLC's top purchases include Microsoft Corp ($45.42M), Apple Inc ($40.78M), and Unitedhealth Group Inc ($34.99M). 

Top Buys

McKinley Capital has significantly diversified its portfolio across various sectors.

top buys mckinley capital

In the tech sector, the firm took a new position in Meta Platforms Inc, buying 47.3K shares worth $10.03M.

  • It increased its stake in Nvidia Corporation by 41.49%, now holding 54.3K shares valued at $15.08M.
  • The firm also expanded its Tesla Inc stake by 64.39% to 38.3K shares, worth $7.94M, and boosted its Hims & Hers Health Inc stake by 87.13% to 709K shares, valued at $7.03M.

In finance, McKinley Capital invested in Blackstone Secured Lending Fund, acquiring 335.5K shares valued at $8.36M.

  • The company also bought 172.8K shares of Oaktree Specialty Lending Co, worth $3.24M.

In the energy sector, bought 55K shares in Exxon Mobil Corp, valued at $6.03M.

In the beverages industry, the firm took a new position in Fomento Economico Mexicano S, buying 45.7K shares worth $4.35M.

Lastly, in the IT sector, the firm increased its stake in ServiceNow Inc by 233.19%, now holding 12.9K shares valued at about $5.98M.

Top Sells

McKinley Capital has made substantial shifts in its investment portfolio, divesting from several companies across a range of sectors.

top sells McKinley Capital

In the technology sector, McKinley Capital completely sold off its shares in Pinduoduo Inc, letting go of 127.3K shares previously valued at $10.38M.

  • The firm also exited its investment in Yum China Holdings Inc, selling 85.8K shares, thereby reducing its holdings by 57.45% to 63.5K shares now valued at $3.99M.

Within the healthcare sector, McKinley Capital trimmed its stake in UnitedHealth Group Inc by 9.85%, now owning 74K shares worth $34.99M.

  • It also significantly reduced its position in Argenx SE by 71.7%, now holding only 6K shares valued at $2.24M.

In the energy sector, McKinley Capital entirely exited its investment in EOG Resources Inc, selling all 50K shares previously worth $6.48M.

In the utilities sector, the firm reduced its stake in National Fuel Gas Co by 88.69%, now owning 12.1K shares with a total value of $698.4K.

In finance, the firm sold all its 170.6K shares in Bank of America Corp previously valued at $5.65M.

It also exited its investment in Capri Holdings Limited in the consumer discretionary sector, selling all 93.3K shares previously worth $5.35M.

Lastly, in the industrial sector, the company cut its position in Danaher Corporation by 18.73%, now owning 64K shares valued at $16.12M.


About the Author

Radient AI

Radient applies cutting-edge technology to dramatically simplify asset management workflows around investment decisions, due diligence, process automation and industry research. It combines financial data acquisition, risk-based investment analytics, portfolio construction, with tailored investment insights and recommendations.

Related Posts