Immersion Capital LL.P. 13F annual report

Immersion Capital LL.P. is an investment fund managing more than $179 billion ran by Jim Kandunias. There are currently 9 companies in Mr. Kandunias’s portfolio. The largest investments include Alphabet Inc and Ryanair Plc, together worth $75.2 billion.

$179 billion Assets Under Management (AUM)

As of 7th August 2024, Immersion Capital LL.P.’s top holding is 215,010 shares of Alphabet Inc currently worth over $39.2 billion and making up 21.9% of the portfolio value. Relative to the number of outstanding shares of Alphabet Inc, Immersion Capital LL.P. owns more than approximately 0.1% of the company. In addition, the fund holds 309,601 shares of Ryanair Plc worth $36 billion, whose value fell 26.8% in the past six months. The third-largest holding is Blackrock worth $31.5 billion and the next is Salesforce Inc worth $21.8 billion, with 84,664 shares owned.

Currently, Immersion Capital LL.P.'s portfolio is worth at least $179 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.

Careers at Immersion Capital LL.P.

The Immersion Capital LL.P. office and employees reside in London, United Kingdom. According to the last 13-F report filed with the SEC, Jim Kandunias serves as the Chief Operating Officer at Immersion Capital LL.P..

Recent trades

In the most recent 13F filing, Immersion Capital LL.P. revealed that it had opened a new position in Visa Inc and bought 50,900 shares worth $13.4 billion. This means they effectively own approximately 0.1% of the company. Visa Inc makes up 29.8% of the fund's Finance sector allocation and has grown its share price by 7.0% in the past year.

The investment fund also strengthened its position in Canadian Nat Res Ltd by buying 97,887 additional shares. This makes their stake in Canadian Nat Res Ltd total 195,774 shares worth $6.97 billion.

On the other hand, there are companies that Immersion Capital LL.P. is getting rid of from its portfolio. Immersion Capital LL.P. closed its position in Carmax Inc on 14th August 2024. It sold the previously owned 232,643 shares for $20.3 billion. Jim Kandunias also disclosed a decreased stake in Alphabet Inc by 0.3%. This leaves the value of the investment at $39.2 billion and 215,010 shares.

One of the smallest hedge funds

The two most similar investment funds to Immersion Capital LL.P. are Diametric Capital, L.P. and Impactfolio. They manage $179 billion and $179 billion respectively.

Jim Kandunias investment strategy

Immersion Capital LL.P.’s portfolio is diversified across 5 sectors. Currently, their heaviest sector is Technology — making up 39.1% of the total portfolio value. The fund focuses on investments in the United States as 55.6% 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 78% 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 $557 billion.

The complete list of Immersion Capital LL.P. trades based on 13F SEC filings

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
Alphabet Inc	27.63% 215,010	$39,164,072,000	21.92%
Ryanair Holdings Plc	26.90% 309,601	$36,049,940,000	20.18%
Blackrock Inc.	27.57% 39,981	$31,477,841,000	17.62%
Salesforce Inc	26.87% 84,664	$21,767,114,000	12.19%
Carmax Inc	Closed 232,643	$20,265,532,000
Visa Inc	Opened 50,900	$13,359,723,000	7.48%
Canadian Natl Ry Co	No change 108,034	$12,762,056,000	7.14%
Microsoft Corporation	26.61% 20,130	$8,997,104,000	5.04%
BP plc	26.89% 224,076	$8,089,144,000	4.53%
Canadian Nat Res Ltd	100.00% 195,774	$6,969,554,000	3.90%
No transactions found
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