Tekne Capital Management 13F annual report

Tekne Capital Management is an investment fund managing more than $190 million ran by Benjamin Baker. There are currently 5 companies in Mr. Baker’s portfolio. The largest investments include Gds Hldgs Ltd and Kanzhun Limited, together worth $114 million.

$190 million Assets Under Management (AUM)

As of 6th August 2024, Tekne Capital Management’s top holding is 6,194,521 shares of Gds Hldgs Ltd currently worth over $57.5 million and making up 30.2% of the portfolio value. In addition, the fund holds 3,002,820 shares of Kanzhun Limited worth $56.5 million. The third-largest holding is PagSeguro Digital Ltd worth $45.3 million and the next is Kaspi Kz Jsc worth $29 million, with 224,500 shares owned.

Currently, Tekne Capital Management's portfolio is worth at least $190 million. 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 Tekne Capital Management

The Tekne Capital Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Benjamin Baker serves as the Chief Financial Officer at Tekne Capital Management.

Recent trades

In the most recent 13F filing, Tekne Capital Management revealed that it had increased its stake in Gds Hldgs Ltd and bought 3,110,219 additional shares worth around .

On the other hand, there are companies that Tekne Capital Management is getting rid of from its portfolio. Tekne Capital Management closed its position in KraneShares Trust on 13th August 2024. It sold the previously owned 1,000,000 shares for $26.3 million. Benjamin Baker also disclosed a decreased stake in PagSeguro Digital Ltd by 0.4%. This leaves the value of the investment at $45.3 million and 3,872,868 shares.

One of the smallest hedge funds

The two most similar investment funds to Tekne Capital Management are Western Financial Corporation and Titus Wealth Management. They manage $191 million and $191 million respectively.

Benjamin Baker investment strategy

Tekne Capital Management’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Technology — making up 23.8% of the total portfolio value. The fund focuses on investments in the Brazil as 20.0% of the portfolio companies are based in the Brazil.

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 20% 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 $16.2 billion.

The complete list of Tekne Capital Management trades based on 13F SEC filings

These positions were updated on August 13th 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
Gds Hldgs Ltd	100.84% 6,194,521	$57,547,000	30.23%
Kanzhun Limited	31.71% 3,002,820	$56,483,000	29.68%
PagSeguro Digital Ltd	40.22% 3,872,868	$45,274,000	23.79%
Kaspi Kz Jsc	12.75% 224,500	$28,963,000	15.22%
KraneShares Trust	Closed 1,000,000	$26,250,000
Dlocal Ltd	Closed 1,249,393	$18,366,000
Dada Nexus Ltd	Closed 8,674,322	$17,783,000
Block Inc	Closed 160,395	$13,566,000
Netflix Inc.	Closed 22,100	$13,422,000
Sea Ltd	97.89% 28,984	$2,070,000	1.09%
Agora, Inc.	Closed 178,220	$447,000
No transactions found
Showing first 500 out of 11 holdings