Opportunities Capital Management 13F annual report

Opportunities Capital Management is an investment fund managing more than $34.4 billion ran by Sandra Lai. There are currently 37 companies in Mrs. Lai’s portfolio. The largest investments include Schlumberger Ltd and Halliburton Co, together worth $4.36 billion.

Limited to 30 biggest holdings

$34.4 billion Assets Under Management (AUM)

As of 7th February 2023, Opportunities Capital Management’s top holding is 41,461 shares of Schlumberger Ltd currently worth over $2.22 billion and making up 6.4% of the portfolio value. In addition, the fund holds 54,480 shares of Halliburton Co worth $2.14 billion, whose value fell approximately 0.1% in the past six months. The third-largest holding is Conocophillips Com worth $1.71 billion and the next is Baker Hughes Company Cl A worth $1.57 billion, with 53,335 shares owned.

Currently, Opportunities Capital Management's portfolio is worth at least $34.4 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 Opportunities Capital Management

The Opportunities Capital Management office and employees reside in Austin, Texas. According to the last 13-F report filed with the SEC, Sandra Lai serves as the Compliance Officer at Opportunities Capital Management.

Recent trades

In the most recent 13F filing, Opportunities Capital Management revealed that it had opened a new position in Equinor Asa Sponsored Adr and bought 9,720 shares worth $348 million.

The investment fund also strengthened its position in Halliburton Co by buying 8,445 additional shares. This makes their stake in Halliburton Co total 54,480 shares worth $2.14 billion. Halliburton Co soared 21.4% in the past year.

On the other hand, there are companies that Opportunities Capital Management is getting rid of from its portfolio. Opportunities Capital Management closed its position in Phillips 66 Com on 14th February 2023. It sold the previously owned 3,455 shares for $279 thousand. Sandra Lai also disclosed a decreased stake in Schlumberger Ltd by 0.1%. This leaves the value of the investment at $2.22 billion and 41,461 shares.

One of the smaller hedge funds

The two most similar investment funds to Opportunities Capital Management are Two Sigma Advisers, L.P. and Berylson Capital Partners. They manage $34.4 billion and $34.3 billion respectively.

Sandra Lai investment strategy

Opportunities Capital Management’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Energy — making up 21.6% of the total portfolio value. The fund focuses on investments in the United States as 24.3% 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 19% 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 $36.9 billion.

The complete list of Opportunities Capital Management trades based on 13F SEC filings

These positions were updated on February 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
Schlumberger Ltd	13.37% 41,461	$2,216,505,000	6.44%
Halliburton Co.	18.34% 54,480	$2,143,788,000	6.23%
Conocophillips Com	3.34% 14,451	$1,705,218,000	4.96%
Baker Hughes Company Cl A	6.23% 53,335	$1,574,983,000	4.58%
Eog Res Inc Com	5.16% 12,141	$1,572,502,000	4.57%
Helmerich & Payne, Inc.	9.34% 31,655	$1,569,138,000	4.56%
Chevron Texaco Corp Com	4.53% 8,645	$1,551,691,000	4.51%
Valero Energy Corp New Com	3.83% 11,940	$1,514,708,000	4.40%
Devon Energy Corp New Com	9.19% 23,725	$1,459,325,000	4.24%
Exxon Mobil Corp Com	3.12% 11,955	$1,318,637,000	3.83%
Totalenergies Se Sponsored Ads	3.06% 19,515	$1,211,491,000	3.52%
Cheniere Energy Inc Com New	12.13% 7,970	$1,195,181,000	3.47%
Tenaris S A Sponsored Adr	3.48% 32,965	$1,159,049,000	3.37%
NOV Inc	3.93% 53,757	$1,122,984,000	3.26%
Air Prods & Chems Inc	5.12% 3,520	$1,085,075,000	3.15%
Quanta Svcs Inc Com	6.08% 6,645	$946,913,000	2.75%
Chart Inds Inc Com	9.56% 7,805	$899,370,000	2.61%
First Solar Inc	23.77% 5,965	$893,497,000	2.60%
NextEra Energy Inc	7.15% 9,540	$797,544,000	2.32%
Shell Plc Spon Ads	5.00% 11,590	$660,051,000	1.92%
Pioneer Natural Resources Co.	5.12% 2,870	$655,479,000	1.91%
Diamondback Energy Inc	85.74% 4,690	$641,498,000	1.86%
Solaredge Technologies Com	16.83% 2,150	$609,031,000	1.77%
Technipfmc Plc Com	5.62% 47,025	$573,235,000	1.67%
Marathon Pete Corp Com	7.09% 4,915	$572,057,000	1.66%
Championx Corporation Com	5.69% 19,475	$564,580,000	1.64%
Sprott Fds Tr Uranium Miners E	90.04% 16,410	$520,853,000	1.51%
Cactus Inc	6.67% 10,220	$513,657,000	1.49%
Antero Resources Corp Com	3.93% 16,145	$500,334,000	1.45%
Albemarle Corp Com	7.23% 1,988	$431,118,000	1.25%
Coterra Energy Inc	3.04% 16,280	$400,000,000	1.16%
Suncor Energy, Inc.	6.67% 12,245	$388,534,000	1.13%
Equinor Asa Sponsored Adr	Opened 9,720	$348,073,000	1.01%
First Tr Ise Glb Etf Com Shs	17.29% 18,470	$319,900,000	0.93%
Patterson Uti Energy Com	10.13% 17,305	$291,416,000	0.85%
Oil Sts Intl Inc Com	11.77% 34,545	$257,706,000	0.75%
Generac Hldgs Inc Com	10.73% 2,115	$212,896,000	0.62%
Phillips 66 Com	Closed 3,455	$279,000
Vaneck Vectors Etf Tr Rare Ear	Closed 2,962	$247,000
Occidental Pete Cp Del	Closed 3,450	$212,000
No transactions found
Showing first 500 out of 40 holdings