Moon Capital Management 13F annual report

Moon Capital Management is an investment fund managing more than $82.4 billion ran by Shelbi Ruffino. There are currently 38 companies in Mrs. Ruffino’s portfolio. The largest investments include Berkshire Hathaway and Brookfield Asset Mgmt Inc, together worth $12 billion.

Limited to 30 biggest holdings

$82.4 billion Assets Under Management (AUM)

As of 7th October 2020, Moon Capital Management’s top holding is 34,422 shares of Berkshire Hathaway currently worth over $7.48 billion and making up 9.1% of the portfolio value. Relative to the number of outstanding shares of Berkshire Hathaway, Moon Capital Management owns more than approximately 0.1% of the company. In addition, the fund holds 137,298 shares of Brookfield Asset Mgmt Inc worth $4.52 billion. The third-largest holding is Cigna worth $4.11 billion and the next is CVS Health worth $4.1 billion, with 63,094 shares owned.

Currently, Moon Capital Management's portfolio is worth at least $82.4 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 Moon Capital Management

The Moon Capital Management office and employees reside in Knoxville, Tennessee. According to the last 13-F report filed with the SEC, Shelbi Ruffino serves as the Operations at Moon Capital Management.

Recent trades

In the most recent 13F filing, Moon Capital Management revealed that it had opened a new position in AbbVie and bought 35,449 shares worth $3.48 billion. This means they effectively own approximately 0.1% of the company. AbbVie makes up 14.8% of the fund's Health Care sector allocation and has grown its share price by 19.1% in the past year.

The investment fund also strengthened its position in Brookfield Asset Mgmt Inc by buying 42,111 additional shares. This makes their stake in Brookfield Asset Mgmt Inc total 137,298 shares worth $4.52 billion.

On the other hand, there are companies that Moon Capital Management is getting rid of from its portfolio. Moon Capital Management closed its position in Allergan Plc on 24th August 2020. It sold the previously owned 22,285 shares for $3.95 billion. Shelbi Ruffino also disclosed a decreased stake in Berkshire Hathaway by approximately 0.1%. This leaves the value of the investment at $7.48 billion and 34,422 shares.

One of the largest hedge funds

The two most similar investment funds to Moon Capital Management are Teachers Advisors and Amundi Pioneer Asset Management Inc. They manage $81.7 billion and $83.9 billion respectively.

Shelbi Ruffino investment strategy

Moon Capital Management’s portfolio is diversified across 11 sectors. Currently, their heaviest sector is Health Care — making up 28.5% of the total portfolio value. The fund focuses on investments in the United States as 71.1% 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 66% of the total holdings value. On the other hand, small-cap stocks make up only 2.6% of the portfolio. The average market cap of the portfolio companies is close to $166 billion.

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

These positions were updated on August 24th 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
Berkshire Hathaway Inc.	2.74% 34,422	$7,480,279,000	9.08%
Brookfield Asset Mgmt Inc	44.24% 137,298	$4,517,104,000	5.48%
Cigna Corp.	3.84% 21,928	$4,114,789,000	5.00%
CVS Health Corp.	6.09% 63,094	$4,099,217,000	4.98%
Allergan Plc	Closed 22,285	$3,946,674,000
KKR & Co., Inc.	3.84% 126,541	$3,907,586,000	4.74%
McKesson Corp.	4.95% 24,695	$3,788,707,000	4.60%
HCA Healthcare, Inc.	0.62% 36,832	$3,574,914,000	4.34%
The Goldman Sachs Group, Inc.	4.24% 17,761	$3,509,929,000	4.26%
AbbVie, Inc.	Opened 35,449	$3,480,383,000	4.22%
Alphabet, Inc.	4.85% 2,450	$3,463,345,000	4.20%
Jefferies Finl Group Inc	8.64% 210,405	$3,271,798,000	3.97%
Perrigo Co. Plc	3.59% 58,206	$3,217,046,000	3.91%
Sk Telecom Ltd	6.78% 162,715	$3,143,654,000	3.82%
LGI Homes, Inc.	7.46% 34,943	$3,076,032,000	3.73%
American Intl Group Inc	1.64% 92,761	$2,892,288,000	3.51%
Liberty Global Plc	4.48% 175,746	$3,796,714,000	4.61%
Wells Fargo Co New	2.02% 101,158	$2,589,645,000	3.14%
Synchrony Financial	1.90% 115,026	$2,548,976,000	3.09%
Group 1 Automotive, Inc.	2.77% 37,387	$2,466,420,000	2.99%
Fox Corp.	4.96% 79,495	$2,132,056,000	2.59%
Altria Group, Inc.	Opened 53,570	$2,102,623,000	2.55%
Greenlight Capital Re Ltd.	0.05% 263,442	$1,717,642,000	2.09%
Block H & R Inc	5.55% 115,050	$1,642,914,000	1.99%
Adient plc	Closed 84,356	$765,109,000
Johnson & Johnson	No change 4,837	$680,227,000	0.83%
The Southern Co.	No change 11,989	$621,630,000	0.75%
Norfolk Southern Corp.	No change 3,226	$566,389,000	0.69%
AT&T, Inc.	No change 15,539	$469,732,000	0.57%
Exxon Mobil Corp.	0.21% 10,472	$468,286,000	0.57%
Microsoft Corp.	No change 2,138	$435,104,000	0.53%
Cincinnati Finl Corp	0.74% 6,699	$428,923,000	0.52%
The Home Depot, Inc.	No change 1,492	$373,761,000	0.45%
Honeywell International, Inc.	No change 2,559	$370,006,000	0.45%
RPM International, Inc.	No change 3,515	$263,836,000	0.32%
Encompass Health Corp.	No change 3,964	$245,491,000	0.30%
Amgen, Inc.	No change 1,030	$242,936,000	0.29%
3M Co.	No change 1,540	$240,225,000	0.29%
American Express Co.	No change 2,500	$238,000,000	0.29%
Fox Corp.	Opened 7,403	$198,697,000	0.24%
No transactions found
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