Foxhaven Asset Management, L.P. 13F annual report
Foxhaven Asset Management, L.P. is an investment fund managing more than $2.21 billion ran by Casey Parker. There are currently 21 companies in Parker’s portfolio. The largest investments include Intuit Inc and Amazon.com, together worth $495 million.
$2.21 billion Assets Under Management (AUM)
As of 7th November 2022, Foxhaven Asset Management, L.P.’s top holding is 672,704 shares of Intuit Inc currently worth over $261 million and making up 11.8% of the portfolio value.
Relative to the number of outstanding shares of Intuit Inc, Foxhaven Asset Management, L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 2,073,065 shares of Amazon.com worth $234 million, whose value fell approximately 0.1% in the past six months.
The third-largest holding is Hilton Worldwide Inc worth $228 million and the next is Visa Inc worth $203 million, with 1,144,303 shares owned.
Currently, Foxhaven Asset Management, L.P.'s portfolio is worth at least $2.21 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 Foxhaven Asset Management, L.P.
The Foxhaven Asset Management, L.P. office and employees reside in Charlottesville, Virginia. According to the last 13-F report filed with the SEC, Casey Parker serves as the Chief Compliance Officer at Foxhaven Asset Management, L.P..
Recent trades
In the most recent 13F filing, Foxhaven Asset Management, L.P. revealed that it had opened a new position in
Netflix and bought 188,004 shares worth $44.3 million.
This means they effectively own approximately 0.1% of the company.
Netflix makes up
23.2%
of the fund's Communication Services sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Hilton Worldwide Inc by buying
152,024 additional shares.
This makes their stake in Hilton Worldwide Inc total 1,887,650 shares worth $228 million.
Hilton Worldwide Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Foxhaven Asset Management, L.P. is getting rid of from its portfolio.
Foxhaven Asset Management, L.P. closed its position in Liberty Broadband Corp on 14th November 2022.
It sold the previously owned 887,999 shares for $103 million.
Casey Parker also disclosed a decreased stake in Intuit Inc by approximately 0.1%.
This leaves the value of the investment at $261 million and 672,704 shares.
One of the largest hedge funds
The two most similar investment funds to Foxhaven Asset Management, L.P. are Carnegie Capital Asset Management and Massmutual Trust Co Fsb/adv. They manage $2.2 billion and $2.2 billion respectively.
Casey Parker investment strategy
Foxhaven Asset Management, L.P.’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 40.5% of
the total portfolio value.
The fund focuses on investments in the United States as
76.2% 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
48% of the total holdings value.
On the other hand, small-cap stocks make up only 4.8% of the portfolio.
The average market cap of the portfolio companies is close to $136 billion.
The complete list of Foxhaven Asset Management, L.P. trades based on 13F SEC filings
These positions were updated on November 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 |
|---|---|---|---|
| Intuit Inc |
0.49%
672,704
|
$260,552,000 | 11.81% |
| Amazon.com Inc. |
14.53%
2,073,065
|
$234,256,000 | 10.62% |
| Hilton Worldwide Holdings Inc |
8.76%
1,887,650
|
$227,688,000 | 10.32% |
| Visa Inc |
22.71%
1,144,303
|
$203,285,000 | 9.21% |
| Coupang, Inc. |
0.12%
11,368,304
|
$189,510,000 | 8.59% |
| MercadoLibre Inc |
9.90%
219,037
|
$181,314,000 | 8.22% |
| T-Mobile US, Inc. |
0.28%
1,251,844
|
$167,960,000 | 7.61% |
| Duolingo, Inc. |
0.06%
1,118,529
|
$106,518,000 | 4.83% |
| Atlassian Corp Plc |
26.13%
490,395
|
$103,272,000 | 4.68% |
| Liberty Broadband Corp |
Closed
887,999
|
$102,688,000 | |
| Meta Platforms Inc |
22.10%
735,021
|
$99,728,000 | 4.52% |
| Sherwin-Williams Co. |
10.99%
435,638
|
$89,197,000 | 4.04% |
| Liberty Media Corp. |
14.24%
3,256,944
|
$123,275,000 | 5.59% |
| RH |
3.14%
248,399
|
$61,124,000 | 2.77% |
| Netflix Inc. |
Opened
188,004
|
$44,264,000 | 2.01% |
| Clear Secure, Inc. |
Opened
1,638,805
|
$37,463,000 | 1.70% |
| Roblox Corporation |
13.47%
652,618
|
$23,390,000 | 1.06% |
| Zillow Group Inc |
Opened
700,000
|
$20,027,000 | 0.91% |
| 1stdibs Com Inc |
No change
2,009,749
|
$12,641,000 | 0.57% |
| Meli Kaszek Pioneer Corp |
No change
1,045,743
|
$10,321,000 | 0.47% |
| CarGurus Inc |
Opened
458,673
|
$6,499,000 | 0.29% |
| Affirm Holdings, Inc. |
No change
200,000
|
$3,752,000 | 0.17% |
| No transactions found | |||
| Showing first 500 out of 22 holdings | |||
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