Chesapeake Asset Management 13F annual report
Chesapeake Asset Management is an investment fund managing more than $58.5 million ran by Cathaleen Lindsay. There are currently 42 companies in Lindsay’s portfolio. The largest investments include Apple and Microsoft, together worth $10.5 million.
$58.5 million Assets Under Management (AUM)
As of 7th October 2020, Chesapeake Asset Management’s top holding is 18,540 shares of Apple currently worth over $5.44 million and making up 9.3% of the portfolio value.
Relative to the number of outstanding shares of Apple, Chesapeake Asset Management owns more than approximately 0.1% of the company.
In addition, the fund holds 31,757 shares of Microsoft worth $5.01 million, whose value grew 28.3% in the past six months.
The third-largest holding is Lockheed Martin worth $3.93 million and the next is Aflac worth $3.86 million, with 73,026 shares owned.
Currently, Chesapeake Asset Management's portfolio is worth at least $58.5 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 Chesapeake Asset Management
The Chesapeake Asset Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Cathaleen Lindsay serves as the Compliance Officer at Chesapeake Asset Management.
Recent trades
In the most recent 13F filing, Chesapeake Asset Management revealed that it had opened a new position in
Bristol Myers Squibb Co and bought 26,670 shares worth $1.71 million.
This means they effectively own approximately 0.1% of the company.
Bristol Myers Squibb Co makes up
31.5%
of the fund's Health Care sector allocation and has grown its share price by 18.6% in the past year.
The investment fund also strengthened its position in Disney Walt Co by buying
5,224 additional shares.
This makes their stake in Disney Walt Co total 14,751 shares worth $2.13 million.
On the other hand, there are companies that Chesapeake Asset Management is getting rid of from its portfolio.
Chesapeake Asset Management closed its position in Celgene Corp on 6th February 2020.
It sold the previously owned 23,499 shares for $2.33 million.
Cathaleen Lindsay also disclosed a decreased stake in Jacobs Engr Group Inc by approximately 0.1%.
This leaves the value of the investment at $1.97 million and 21,877 shares.
One of the smallest hedge funds
The two most similar investment funds to Chesapeake Asset Management are Koonce Calvin Scott and Amadeus Capital Partners Ltd. They manage $58.5 million and $58.4 million respectively.
Cathaleen Lindsay investment strategy
Chesapeake Asset Management’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Technology — making up 12.7% of
the total portfolio value.
The fund focuses on investments in the United States as
59.5% 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
55% of the total holdings value.
On the other hand, small-cap stocks make up only 2.4% of the portfolio.
The average market cap of the portfolio companies is close to $240 billion.
The complete list of Chesapeake Asset Management trades based on 13F SEC filings
These positions were updated on February 6th 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 |
|---|---|---|---|
| Apple, Inc. |
No change
18,540
|
$5,444,000 | 9.31% |
| Microsoft Corp. |
No change
31,757
|
$5,008,000 | 8.57% |
| Lockheed Martin Corp. |
No change
10,085
|
$3,927,000 | 6.72% |
| Aflac, Inc. |
No change
73,026
|
$3,863,000 | 6.61% |
| Merck & Co., Inc. |
No change
34,609
|
$3,148,000 | 5.38% |
| Pepsico Inc |
No change
20,526
|
$2,805,000 | 4.80% |
| JPMorgan Chase & Co. |
No change
17,963
|
$2,504,000 | 4.28% |
| Lilly Eli & Co |
No change
18,774
|
$2,467,000 | 4.22% |
| Celgene Corp |
Closed
23,499
|
$2,333,000 | |
| Unilever N V |
No change
39,028
|
$2,243,000 | 3.84% |
| Masco Corp. |
No change
45,229
|
$2,171,000 | 3.71% |
| Disney Walt Co |
54.83%
14,751
|
$2,133,000 | 3.65% |
| Jacobs Engr Group Inc |
0.23%
21,877
|
$1,965,000 | 3.36% |
| Bristol Myers Squibb Co. |
Opened
26,670
|
$1,712,000 | 2.93% |
| Church & Dwight Co., Inc. |
No change
22,761
|
$1,601,000 | 2.74% |
| United Technologies Corp |
No change
10,635
|
$1,593,000 | 2.72% |
| Archer-Daniels-Midland Co. |
No change
31,440
|
$1,457,000 | 2.49% |
| Exxon Mobil Corp. |
2.95%
18,840
|
$1,315,000 | 2.25% |
| Royal Dutch Shell PLC |
No change
22,054
|
$1,301,000 | 2.23% |
| International Business Machs |
1.59%
9,607
|
$1,288,000 | 2.20% |
| Las Vegas Sands Corp. |
Opened
16,877
|
$1,165,000 | 1.99% |
| United Parcel Service, Inc. |
15.07%
8,088
|
$947,000 | 1.62% |
| Alibaba Group Hldg Ltd |
Opened
4,443
|
$942,000 | 1.61% |
| ANSYS, Inc. |
3.76%
3,247
|
$836,000 | 1.43% |
| DISH Network Corp. |
No change
19,457
|
$690,000 | 1.18% |
| Corning, Inc. |
No change
18,091
|
$527,000 | 0.90% |
| TopBuild Corp. |
No change
5,024
|
$518,000 | 0.89% |
| Sony Corp. |
0.21%
7,588
|
$516,000 | 0.88% |
| Intel Corp. |
No change
7,993
|
$478,000 | 0.82% |
| Mcdonalds Corp |
Closed
2,135
|
$458,000 | |
| Tootsie Roll Inds Inc |
No change
11,692
|
$399,000 | 0.68% |
| Texas Instrs Inc |
No change
2,750
|
$353,000 | 0.60% |
| Hawaiian Elec Industries |
No change
7,347
|
$344,000 | 0.59% |
| Alphabet, Inc. |
Opened
236
|
$316,000 | 0.54% |
| Bunge Limited |
Opened
5,400
|
$311,000 | 0.53% |
| Johnson & Johnson |
No change
2,109
|
$308,000 | 0.53% |
| Arcosa, Inc. |
Opened
6,385
|
$284,000 | 0.49% |
| Schlumberger Ltd |
No change
6,825
|
$274,000 | 0.47% |
| Pfizer Inc. |
No change
6,828
|
$268,000 | 0.46% |
| Spdr S&p 500 Etf Tr |
11.98%
786
|
$253,000 | 0.43% |
| EchoStar Corp. |
No change
5,826
|
$252,000 | 0.43% |
| Cheniere Energy, Inc. |
Closed
3,604
|
$227,000 | |
| Fox Corp. |
Opened
6,031
|
$220,000 | 0.38% |
| Delta Air Lines, Inc. |
Closed
3,714
|
$214,000 | |
| General Electric Co. |
No change
18,845
|
$210,000 | 0.36% |
| Yum Brands Inc |
Closed
1,809
|
$205,000 | |
| Ericsson |
No change
12,520
|
$110,000 | 0.19% |
| No transactions found | |||
| Showing first 500 out of 47 holdings | |||
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