Southernsun Asset Management 13F annual report
Southernsun Asset Management is an investment fund managing more than $829 billion ran by Daniel Gafford. There are currently 27 companies in Mr. Gafford’s portfolio. The largest investments include Dycom Industries and MGP Ingredients, together worth $108 billion.
$829 billion Assets Under Management (AUM)
As of 7th August 2024, Southernsun Asset Management’s top holding is 325,964 shares of Dycom Industries currently worth over $55 billion and making up 6.6% of the portfolio value.
Relative to the number of outstanding shares of Dycom Industries, Southernsun Asset Management owns more than approximately 0.1% of the company.
In addition, the fund holds 716,456 shares of MGP Ingredients worth $53.3 billion, whose value fell 0.9% in the past six months.
The third-largest holding is Boot Barn Inc worth $50.6 billion and the next is Darling Ingredients Inc worth $49 billion, with 1,333,420 shares owned.
Currently, Southernsun Asset Management's portfolio is worth at least $829 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 Southernsun Asset Management
The Southernsun Asset Management office and employees reside in Memphis, Tennessee. According to the last 13-F report filed with the SEC, Daniel Gafford serves as the Senior Operations Associate at Southernsun Asset Management.
Recent trades
In the most recent 13F filing, Southernsun Asset Management revealed that it had opened a new position in
Valmont Industries and bought 18,992 shares worth $5.21 billion.
This means they effectively own approximately 0.1% of the company.
Valmont Industries makes up
1.7%
of the fund's Industrials sector allocation and has grown its share price by 14.3% in the past year.
The investment fund also strengthened its position in MGP Ingredients by buying
158,773 additional shares.
This makes their stake in MGP Ingredients total 716,456 shares worth $53.3 billion.
MGP Ingredients dropped 31.1% in the past year.
On the other hand, there are companies that Southernsun Asset Management is getting rid of from its portfolio.
Southernsun Asset Management closed its position in Malibu Boats Inc on 14th August 2024.
It sold the previously owned 475,049 shares for $20.6 billion.
Daniel Gafford also disclosed a decreased stake in Dycom Industries by 0.3%.
This leaves the value of the investment at $55 billion and 325,964 shares.
One of the average hedge funds
The two most similar investment funds to Southernsun Asset Management are Private Capital Management and No Street Gp L.P.. They manage $829 billion and $829 billion respectively.
Daniel Gafford investment strategy
Southernsun Asset Management’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Industrials — making up 36.8% of
the total portfolio value.
The fund focuses on investments in the United States as
92.6% 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
11% 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 $5.95 billion.
The complete list of Southernsun Asset 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 |
|---|---|---|---|
| Dycom Industries, Inc. |
28.54%
325,964
|
$55,009,685,000 | 6.64% |
| MGP Ingredients, Inc. |
28.47%
716,456
|
$53,304,326,000 | 6.43% |
| Boot Barn Holdings Inc |
27.49%
392,500
|
$50,605,025,000 | 6.10% |
| Darling Ingredients Inc |
0.28%
1,333,420
|
$49,003,185,000 | 5.91% |
| Belden Inc |
2.82%
515,721
|
$48,374,630,000 | 5.83% |
| The Brink's Co. |
0.98%
466,804
|
$47,800,730,000 | 5.77% |
| Us Physical Therapy Inc |
7.83%
495,049
|
$45,752,429,000 | 5.52% |
| Louisiana-Pacific Corp. |
2.79%
536,666
|
$44,183,712,000 | 5.33% |
| Boston Beer Co., Inc. |
1.87%
142,662
|
$43,519,043,000 | 5.25% |
| Enerpac Tool Group Corp |
6.40%
1,113,451
|
$42,511,559,000 | 5.13% |
| AGCO Corp. |
25.17%
419,841
|
$41,094,037,000 | 4.96% |
| Timken Co. |
4.04%
506,504
|
$40,586,166,000 | 4.90% |
| Murphy USA Inc |
7.71%
73,721
|
$34,609,061,000 | 4.17% |
| Ingevity Corp |
0.95%
730,994
|
$31,951,748,000 | 3.85% |
| Dorman Products Inc |
0.92%
340,220
|
$31,123,326,000 | 3.75% |
| Armstrong World Industries Inc. |
0.95%
268,333
|
$30,386,029,000 | 3.67% |
| Live Oak Bancshares Inc |
0.97%
821,222
|
$28,792,043,000 | 3.47% |
| Polaris Inc |
7.43%
338,309
|
$26,492,978,000 | 3.20% |
| Thor Industries, Inc. |
6.38%
258,231
|
$24,131,687,000 | 2.91% |
| Stepan Co. |
6.16%
278,744
|
$23,403,346,000 | 2.82% |
| Malibu Boats Inc |
Closed
475,049
|
$20,560,121,000 | |
| Broadridge Financial Solutions, Inc. |
1.06%
48,142
|
$9,483,974,000 | 1.14% |
| Watsco, Inc. |
16.12%
17,074
|
$7,909,360,000 | 0.95% |
| Valmont Industries, Inc. |
Opened
18,992
|
$5,212,354,000 | 0.63% |
| SEI Investments Co. |
1.53%
65,516
|
$4,238,230,000 | 0.51% |
| Idex Corporation |
1.09%
18,655
|
$3,753,386,000 | 0.45% |
| TREX Co., Inc. |
1.07%
48,439
|
$3,590,299,000 | 0.43% |
| Floor & Decor Holdings Inc |
1.07%
22,567
|
$2,243,385,000 | 0.27% |
| No transactions found | |||
| Showing first 500 out of 28 holdings | |||
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