12th Street Asset Management 13F annual report
12th Street Asset Management is an investment fund managing more than $548 billion ran by Andrew Shipman. There are currently 30 companies in Mr. Shipman’s portfolio. The largest investments include Clean Harbors and Spdr Ser Tr Spdr Bloomberg, together worth $111 billion.
$548 billion Assets Under Management (AUM)
As of 2nd August 2024, 12th Street Asset Management’s top holding is 257,754 shares of Clean Harbors currently worth over $58.3 billion and making up 10.6% of the portfolio value.
Relative to the number of outstanding shares of Clean Harbors, 12th Street Asset Management owns more than approximately 0.1% of the company.
In addition, the fund holds 575,380 shares of Spdr Ser Tr Spdr Bloomberg worth $52.8 billion.
The third-largest holding is Graphic Packaging Hldg Co worth $41.2 billion and the next is Kirby worth $35.6 billion, with 297,078 shares owned.
Currently, 12th Street Asset Management's portfolio is worth at least $548 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 12th Street Asset Management
The 12th Street Asset Management office and employees reside in Nashville, Tennessee. According to the last 13-F report filed with the SEC, Andrew Shipman serves as the Partner at 12th Street Asset Management.
Recent trades
In the most recent 13F filing, 12th Street Asset Management revealed that it had opened a new position in
Diamondback Inc and bought 35,472 shares worth $7.1 billion.
This means they effectively own approximately 0.1% of the company.
Diamondback Inc makes up
100.0%
of the fund's Energy sector allocation and has grown its share price by 31.3% in the past year.
The investment fund also strengthened its position in Spdr Ser Tr Spdr Bloomberg by buying
232,986 additional shares.
This makes their stake in Spdr Ser Tr Spdr Bloomberg total 575,380 shares worth $52.8 billion.
On the other hand, Andrew Shipman disclosed a decreased stake in Clean Harbors by approximately 0.1%.
This leaves the value of the investment at $58.3 billion and 257,754 shares.
One of the average hedge funds
The two most similar investment funds to 12th Street Asset Management are J. Stern & Co. LL.P. and Hudson Way Capital Management. They manage $548 billion and $548 billion respectively.
Andrew Shipman investment strategy
12th Street Asset Management’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Industrials — making up 22.7% 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
20% 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 $12.8 billion.
The complete list of 12th Street Asset Management trades based on 13F SEC filings
These positions were updated on August 9th 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 |
|---|---|---|---|
| Clean Harbors, Inc. |
1.01%
257,754
|
$58,291,164,000 | 10.64% |
| Spdr Ser Tr Spdr Bloomberg |
68.05%
575,380
|
$52,808,337,000 | 9.64% |
| Graphic Packaging Hldg Co |
0.89%
1,570,404
|
$41,160,292,000 | 7.51% |
| Kirby Corp. |
85.07%
297,078
|
$35,569,149,000 | 6.49% |
| LKQ Corp |
8.77%
848,799
|
$35,301,551,000 | 6.44% |
| Progressive Corp Ohio |
2.53%
132,094
|
$27,437,294,000 | 5.01% |
| Crh Plc Ord |
1.97%
340,601
|
$25,538,263,000 | 4.66% |
| Autozone Inc. |
2.31%
8,000
|
$23,713,926,000 | 4.33% |
| Berry Global Group Inc |
48.40%
389,787
|
$22,938,979,000 | 4.19% |
| Ppg Inds Inc |
3.14%
152,426
|
$19,188,854,000 | 3.50% |
| Pinnacle Finl Partners Inc |
0.25%
236,636
|
$18,940,332,000 | 3.46% |
| Rb Global Inc Com Npv |
43.29%
222,678
|
$17,003,728,000 | 3.10% |
| Rush Enterpises Inc |
1.42%
404,763
|
$16,947,427,000 | 3.09% |
| Masco Corp. |
2.28%
246,820
|
$16,455,481,000 | 3.00% |
| Northern Oil And Gas Inc Mn Co |
1.38%
420,455
|
$15,628,312,000 | 2.85% |
| Knight Swift Transn Hldgs Inc |
0.10%
291,519
|
$14,552,615,000 | 2.66% |
| Fedex Corp |
49.08%
46,715
|
$14,007,006,000 | 2.56% |
| Primoris Svcs Corp |
185.59%
273,734
|
$13,656,589,000 | 2.49% |
| Visteon Corp. |
2.27%
124,137
|
$13,245,418,000 | 2.42% |
| American Homes 4 Rent |
3.36%
305,815
|
$11,364,098,000 | 2.07% |
| Eagle Materials Inc. |
19.40%
39,582
|
$8,607,502,000 | 1.57% |
| Construction Partners Inc |
42.57%
129,766
|
$7,164,381,000 | 1.31% |
| Diamondback Energy Inc |
Opened
35,472
|
$7,101,140,000 | 1.30% |
| Stonex Group Inc Com |
4.08%
91,534
|
$6,893,426,000 | 1.26% |
| Federal Signal Corp. |
4.11%
62,881
|
$5,261,253,000 | 0.96% |
| Fb Finl Corp |
4.15%
116,720
|
$4,555,582,000 | 0.83% |
| Axalta Coating Sys Ltd |
4.14%
129,251
|
$4,416,507,000 | 0.81% |
| ICF International, Inc |
4.20%
27,484
|
$4,080,275,000 | 0.74% |
| Louisiana Pac Corp |
4.29%
41,781
|
$3,439,830,000 | 0.63% |
| Acushnet Holdings Corp |
4.13%
43,713
|
$2,774,901,000 | 0.51% |
| No transactions found | |||
| Showing first 500 out of 30 holdings | |||
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