Credit Capital Investments 13F annual report

Credit Capital Investments is an investment fund managing more than $76.8 billion ran by Varkki Chacko. There are currently 53 companies in Chacko’s portfolio. The largest investments include Cf Inds Hldgs Inc and Taiwan Semiconductor Mfg Ltd, together worth $10.9 billion.

Limited to 30 biggest holdings

$76.8 billion Assets Under Management (AUM)

As of 7th August 2023, Credit Capital Investments’s top holding is 82,500 shares of Cf Inds Hldgs Inc currently worth over $5.73 billion and making up 7.5% of the portfolio value. In addition, the fund holds 51,000 shares of Taiwan Semiconductor Mfg Ltd worth $5.15 billion. The third-largest holding is Warner Bros.Discovery Inc worth $4.97 billion and the next is Att Inc worth $4.84 billion, with 303,686 shares owned.

Currently, Credit Capital Investments's portfolio is worth at least $76.8 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 Credit Capital Investments

The Credit Capital Investments office and employees reside in Short Hills, New Jersey. According to the last 13-F report filed with the SEC, Varkki Chacko serves as the Managing Principal at Credit Capital Investments.

Recent trades

In the most recent 13F filing, Credit Capital Investments revealed that it had opened a new position in Arista Networks Inc and bought 3,993 shares worth $647 million. This means they effectively own approximately 0.1% of the company. Arista Networks Inc makes up 3.8% of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.

The investment fund also strengthened its position in Taiwan Semiconductor Mfg Ltd by buying 26,000 additional shares. This makes their stake in Taiwan Semiconductor Mfg Ltd total 51,000 shares worth $5.15 billion.

On the other hand, there are companies that Credit Capital Investments is getting rid of from its portfolio. Credit Capital Investments closed its position in Pfizer on 14th August 2023. It sold the previously owned 20,000 shares for $816 million. Varkki Chacko also disclosed a decreased stake in Cf Inds Hldgs Inc by approximately 0.1%. This leaves the value of the investment at $5.73 billion and 82,500 shares.

One of the smallest hedge funds

The two most similar investment funds to Credit Capital Investments are Northlanding Partners and 3g Capital Partners L.P.. They manage $76.7 billion and $76.9 billion respectively.


Varkki Chacko investment strategy

Credit Capital Investments’s portfolio is diversified across 10 sectors. Currently, their heaviest sector is Technology — making up 22.2% of the total portfolio value. The fund focuses on investments in the United States as 62.3% 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 62% 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 $83.8 billion.

The complete list of Credit Capital Investments 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
Cf Inds Hldgs Inc
2.37%
82,500
$5,727,150,000 7.46%
Taiwan Semiconductor Mfg Ltd
104.00%
51,000
$5,146,920,000 6.70%
Warner Bros.Discovery Inc
24.50%
344,513
$4,974,781,000 6.48%
Att Inc
21.43%
303,686
$4,843,792,000 6.31%
Nutrien Ltd
2.38%
82,000
$4,842,100,000 6.31%
Tronox Holdings plc
4.39%
327,000
$4,156,170,000 5.41%
Micron Technology Inc.
3.57%
54,001
$3,408,003,000 4.44%
DXC Technology Co
26.78%
125,000
$3,340,000,000 4.35%
Bank America Corp
13.43%
116,000
$3,328,040,000 4.33%
Chesapeake Energy Corp.
3.87%
35,018
$2,930,306,000 3.82%
Meta Platforms Inc
13.04%
10,000
$2,869,800,000 3.74%
Verizon Communications Inc
99.55%
72,162
$2,683,705,000 3.50%
Qualcomm, Inc.
No change
22,000
$2,618,880,000 3.41%
Jpmorgan Chase Co
26.67%
16,500
$2,399,760,000 3.13%
Shell Plc
8.43%
38,000
$2,294,440,000 2.99%
Alphabet Inc
No change
16,350
$1,957,095,000 2.55%
UBS Group AG
66.67%
75,000
$1,520,250,000 1.98%
Amazon.com Inc.
8.18%
11,000
$1,433,960,000 1.87%
Alcoa Corp
No change
37,000
$1,255,410,000 1.64%
Uber Technologies Inc
74.07%
23,500
$1,014,495,000 1.32%
Pfizer Inc.
Closed
20,000
$816,000,000
Baker Hughes Company
2.18%
23,403
$739,769,000 0.96%
TotalEnergies SE
20.00%
12,000
$691,680,000 0.90%
Plains Gp Hldgs L P
Closed
50,000
$656,000,000
Arista Networks Inc
Opened
3,993
$647,106,000 0.84%
ServiceNow Inc
Closed
1,286
$597,630,000
Ulta Beauty Inc
Opened
1,197
$563,302,000 0.73%
Las Vegas Sands Corp
Closed
9,665
$555,254,000
Expedia Group Inc
No change
5,057
$553,185,000 0.72%
Gen Digital Inc
19.14%
29,039
$538,673,000 0.70%
M T Bk Corp
Closed
4,500
$538,065,000
Ceridian Hcm Hldg Inc
Opened
7,994
$535,358,000 0.70%
Starbucks Corp.
Opened
5,167
$511,843,000 0.67%
Autodesk Inc.
Opened
2,500
$511,525,000 0.67%
Aptiv PLC
Opened
4,950
$505,346,000 0.66%
Freeport-McMoRan Inc
16.67%
12,500
$500,000,000 0.65%
Enphase Energy Inc
Closed
2,300
$483,644,000
Elevance Health Inc
Closed
1,022
$469,926,000
Everest Re Group Ltd
Opened
1,345
$459,802,000 0.60%
Alexandria Real Estate Eq In
Opened
3,966
$450,101,000 0.59%
Etsy Inc
Opened
5,200
$439,972,000 0.57%
Cincinnati Finl Corp
Opened
4,511
$439,011,000 0.57%
PayPal Holdings Inc
No change
6,500
$433,745,000 0.56%
Dollar Gen Corp New
Closed
2,051
$431,653,000
Johnson Johnson
Closed
2,777
$430,435,000
Allegion plc
Closed
4,029
$430,015,000
Alaska Air Group Inc.
Closed
10,218
$428,747,000
United Rentals, Inc.
Closed
1,067
$422,276,000
Axon Enterprise Inc
Opened
2,155
$420,484,000 0.55%
Paycom Software Inc
No change
1,300
$417,612,000 0.54%
Berkley W R Corp
Closed
6,692
$416,644,000
Albemarle Corp.
Closed
1,884
$416,439,000
Factset Resh Sys Inc
Closed
1,000
$415,090,000
Humana Inc.
Opened
916
$409,571,000 0.53%
Newmont Corp
Opened
9,552
$407,488,000 0.53%
Bio-Techne Corp
Closed
5,461
$405,152,000
Incyte Corp.
No change
6,458
$402,011,000 0.52%
Insulet Corporation
Opened
1,386
$399,639,000 0.52%
Cigna Group (The)
Closed
1,559
$398,371,000
Brown Brown Inc
Closed
6,936
$398,265,000
First Solar Inc
Opened
2,058
$391,205,000 0.51%
Illumina Inc
Opened
2,000
$374,980,000 0.49%
Blackstone Inc
Opened
3,500
$325,395,000 0.42%
Enlink Midstream LLC
Opened
30,000
$318,000,000 0.41%
Schwab Charles Corp
Closed
6,000
$314,280,000
Take-two Interactive Softwar
Closed
2,300
$274,390,000
Renew Energy Global Plc
143.71%
50,000
$274,000,000 0.36%
Solaredge Technologies Inc
48.37%
1,000
$269,050,000 0.35%
Mosaic Co New
No change
7,400
$259,000,000 0.34%
Match Group Inc.
No change
6,000
$251,100,000 0.33%
Chemours Company
Closed
8,000
$239,520,000
Disney Walt Co
Closed
2,239
$224,191,000
Paramount Global
Opened
13,730
$218,444,000 0.28%
Catalent Inc.
50.00%
5,000
$216,800,000 0.28%
Azure Pwr Global Ltd
Opened
91,089
$161,228,000 0.21%
No transactions found
Showing first 500 out of 75 holdings