Totem Point Management 13F annual report

Totem Point Management is an investment fund managing more than $68.3 billion ran by Steven Tiger. There are currently 15 companies in Mr. Tiger’s portfolio. The largest investments include Spotify Technology S and S&P Global Inc, together worth $18.6 billion.

$68.3 billion Assets Under Management (AUM)

As of 7th August 2024, Totem Point Management’s top holding is 29,878 shares of Spotify Technology S currently worth over $9.38 billion and making up 13.7% of the portfolio value. In addition, the fund holds 20,686 shares of S&P Global Inc worth $9.23 billion, whose value grew 15.0% in the past six months. The third-largest holding is Taiwan Semiconductor Mfg Ltd worth $8.58 billion and the next is Analog Devices worth $6.47 billion, with 28,331 shares owned.

Currently, Totem Point Management's portfolio is worth at least $68.3 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 Totem Point Management

The Totem Point Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Steven Tiger serves as the CFO at Totem Point Management.

Recent trades

In the most recent 13F filing, Totem Point Management revealed that it had opened a new position in ServiceNow Inc and bought 5,585 shares worth $4.39 billion. This means they effectively own approximately 0.1% of the company. ServiceNow Inc makes up 13.5% of the fund's Technology sector allocation and has grown its share price by 44.6% in the past year.

The investment fund also strengthened its position in Spotify Technology S by buying 8,660 additional shares. This makes their stake in Spotify Technology S total 29,878 shares worth $9.38 billion.

On the other hand, there are companies that Totem Point Management is getting rid of from its portfolio. Totem Point Management closed its position in MSCI Inc on 14th August 2024. It sold the previously owned 17,372 shares for $9.74 billion. Steven Tiger also disclosed a decreased stake in S&P Global Inc by 0.2%. This leaves the value of the investment at $9.23 billion and 20,686 shares.

One of the smallest hedge funds

The two most similar investment funds to Totem Point Management are Ergoteles and Entrypoint Capital. They manage $68.2 billion and $68.4 billion respectively.

Steven Tiger investment strategy

Totem Point Management’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Technology — making up 47.5% of the total portfolio value. The fund focuses on investments in the United States as 73.3% 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 80% 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 $92.6 billion.

The complete list of Totem Point Management 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
MSCI Inc	Closed 17,372	$9,736,137,000
Spotify Technology S	40.81% 29,878	$9,375,418,000	13.72%
S&P Global Inc	22.59% 20,686	$9,225,956,000	13.50%
Taiwan Semiconductor Mfg Ltd	19.26% 49,360	$8,579,262,000	12.56%
Analog Devices Inc.	24.96% 28,331	$6,466,834,000	9.47%
NVIDIA Corp	347.64% 51,326	$6,340,814,000	9.28%
Micron Technology Inc.	48.82% 41,089	$5,404,436,000	7.91%
Meta Platforms Inc	Closed 10,630	$5,161,715,000
Moodys Corp	Closed 12,254	$4,816,190,000
Take-two Interactive Softwar	56.86% 30,112	$4,682,115,000	6.85%
ServiceNow Inc	Opened 5,585	$4,393,552,000	6.43%
Sea Ltd	Opened 56,215	$4,014,875,000	5.88%
Advanced Micro Devices Inc.	51.25% 18,409	$2,986,124,000	4.37%
Makemytrip Limited Mauritius	Closed 37,923	$2,694,429,000
Marvell Technology Inc	31.25% 30,637	$2,141,526,000	3.13%
Crowdstrike Holdings Inc	Opened 3,750	$1,436,963,000	2.10%
Arista Networks Inc	62.92% 3,875	$1,358,110,000	1.99%
Qualcomm, Inc.	Opened 5,496	$1,094,693,000	1.60%
ON Semiconductor Corp.	Opened 11,906	$816,156,000	1.19%
Zillow Group Inc	Closed 5,759	$275,626,000
Palo Alto Networks Inc	Closed 939	$266,798,000
No transactions found
Showing first 500 out of 21 holdings