Summit Partners L P is an investment fund managing more than $1.81 trillion ran by Adam Hennessey. There are currently 10 companies in Mr. Hennessey’s portfolio. The largest investments include Klaviyo, Inc. and Lifestance Health Group Inc., together worth $1.5 trillion.
As of 11th July 2024, Summit Partners L P’s top holding is 47,741,629 shares of Klaviyo, Inc. currently worth over $1.22 trillion and making up 67.1% of the portfolio value.
In addition, the fund holds 45,734,703 shares of Lifestance Health Group Inc. worth $282 billion.
The third-largest holding is Solo Brands worth $95.6 billion and the next is Jamf Holdings Corp worth $82.1 billion, with 4,475,381 shares owned.
Currently, Summit Partners L P's portfolio is worth at least $1.81 trillion. 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.
The Summit Partners L P office and employees reside in Boston, Massachusetts. According to the last 13-F report filed with the SEC, Adam Hennessey serves as the MEMBER OF GP OF SUMMIT MASTER COMPANY, LLC at Summit Partners L P.
In the most recent 13F filing, Summit Partners L P revealed that it had opened a new position in
A K A Brands Hldg Corp and bought 6,053,693 shares worth $57.4 billion.
The investment fund also strengthened its position in A10 Networks Inc by buying
14,104 additional shares.
This makes their stake in A10 Networks Inc total 3,902,310 shares worth $53.4 billion.
A10 Networks Inc dropped 2.7% in the past year.
On the other hand, there are companies that Summit Partners L P is getting rid of from its portfolio.
Summit Partners L P closed its position in EngageSmart on 18th July 2024.
It sold the previously owned 25,004,973 shares for $573 billion.
Summit Partners L P’s portfolio is diversified across 4 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 5.3% of
the total portfolio value.
The fund focuses on investments in the United States as
50.0% 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
approximately 0.1% 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 $1.39 billion.
These positions were updated on July 18th 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 |
|---|---|---|---|
| Klaviyo, Inc. |
No change
47,741,629
|
$1,216,456,707,000 | 67.09% |
| EngageSmart, LLC |
Closed
25,004,973
|
$572,613,882,000 | |
| Lifestance Health Group Inc. |
No change
45,734,703
|
$282,183,118,000 | 15.56% |
| Solo Brands, Inc. |
No change
44,034,960
|
$95,555,863,000 | 5.27% |
| Jamf Holdings Corp |
No change
4,475,381
|
$82,123,241,000 | 4.53% |
| A K A Brands Hldg Corp |
Opened
6,053,693
|
$57,438,153,000 | 3.17% |
| A10 Networks Inc |
0.36%
3,902,310
|
$53,422,624,000 | 2.95% |
| A K A Brands Hldg Corp |
Closed
5,766,152
|
$46,417,521,000 | |
| Markforged |
No change
14,595,201
|
$12,201,588,000 | 0.67% |
| Casa Systems Inc |
No change
34,124,480
|
$9,336,458,000 | 0.51% |
| MACOM Technology Solutions Holdings Inc |
5.19%
45,512
|
$4,352,768,000 | 0.24% |
| 8X8 Inc. |
No change
52,919
|
$142,881,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 12 holdings | |||