First Sabrepoint Capital Management L.P. 13F annual report
First Sabrepoint Capital Management L.P. is an investment fund managing more than $236 billion ran by Jean Fonteneau. There are currently 27 companies in Mrs. Fonteneau’s portfolio. The largest investments include Mid-amer Apt Cmntys Inc and Laureate Education Inc, together worth $38.6 billion.
$236 billion Assets Under Management (AUM)
As of 7th August 2024, First Sabrepoint Capital Management L.P.’s top holding is 140,000 shares of Mid-amer Apt Cmntys Inc currently worth over $20 billion and making up 8.4% of the portfolio value.
In addition, the fund holds 1,249,000 shares of Laureate Education Inc worth $18.7 billion, whose value grew 14.4% in the past six months.
The third-largest holding is FirstCash Inc worth $17.3 billion and the next is Microsoft worth $15.6 billion, with 35,000 shares owned.
Currently, First Sabrepoint Capital Management L.P.'s portfolio is worth at least $236 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 First Sabrepoint Capital Management L.P.
The First Sabrepoint Capital Management L.P. office and employees reside in Dallas, Texas. According to the last 13-F report filed with the SEC, Jean Fonteneau serves as the Chief Operating Officer at First Sabrepoint Capital Management L.P..
Recent trades
In the most recent 13F filing, First Sabrepoint Capital Management L.P. revealed that it had opened a new position in
Mid-amer Apt Cmntys Inc and bought 140,000 shares worth $20 billion.
The investment fund also strengthened its position in FirstCash Inc by buying
52,000 additional shares.
This makes their stake in FirstCash Inc total 165,000 shares worth $17.3 billion.
FirstCash Inc soared 24.7% in the past year.
On the other hand, there are companies that First Sabrepoint Capital Management L.P. is getting rid of from its portfolio.
First Sabrepoint Capital Management L.P. closed its position in Atlas Energy Solutions Inc on 14th August 2024.
It sold the previously owned 693,770 shares for $15.7 billion.
Jean Fonteneau also disclosed a decreased stake in Triumph Financial Inc by approximately 0.1%.
This leaves the value of the investment at $13.4 billion and 163,400 shares.
One of the smallest hedge funds
The two most similar investment funds to First Sabrepoint Capital Management L.P. are Hudson Value Partners and Olio Planning. They manage $237 billion and $237 billion respectively.
Jean Fonteneau investment strategy
First Sabrepoint Capital Management L.P.’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 21.5% of
the total portfolio value.
The fund focuses on investments in the United States as
51.9% 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
26% 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 $146 billion.
The complete list of First Sabrepoint Capital Management L.P. 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 |
|---|---|---|---|
| Mid-amer Apt Cmntys Inc |
Opened
140,000
|
$19,965,400,000 | 8.44% |
| Laureate Education Inc |
Opened
1,249,000
|
$18,660,060,000 | 7.89% |
| FirstCash Holdings Inc |
46.02%
165,000
|
$17,305,200,000 | 7.32% |
| Atlas Energy Solutions Inc |
Closed
693,770
|
$15,693,077,000 | |
| Microsoft Corporation |
No change
35,000
|
$15,643,250,000 | 6.62% |
| Triumph Financial Inc |
0.97%
163,400
|
$13,357,950,000 | 5.65% |
| Five9 Inc |
Closed
200,000
|
$12,422,000,000 | |
| Euronet Worldwide Inc |
Opened
117,000
|
$12,109,500,000 | 5.12% |
| Gxo Logistics Incorporated |
29.23%
210,000
|
$10,605,000,000 | 4.48% |
| Green Brick Partners, Inc. |
198.33%
179,000
|
$10,245,960,000 | 4.33% |
| Philip Morris International Inc |
Opened
100,000
|
$10,133,000,000 | 4.29% |
| CRH Plc |
25.00%
135,000
|
$10,122,300,000 | 4.28% |
| Western Digital Corp. |
Opened
125,000
|
$9,471,250,000 | 4.01% |
| VAALCO Energy, Inc. |
15.94%
1,504,669
|
$9,434,275,000 | 3.99% |
| Autozone Inc. |
No change
3,000
|
$8,892,300,000 | 3.76% |
| Herc Holdings Inc |
Closed
51,500
|
$8,667,450,000 | |
| Camden Ppty Tr |
Opened
75,000
|
$8,183,250,000 | 3.46% |
| Sterling Infrastructure Inc |
17.09%
65,000
|
$7,692,100,000 | 3.25% |
| Willscot Mobil Mini Hldng Co |
37.92%
202,651
|
$7,627,784,000 | 3.23% |
| Walker Dunlop Inc |
20.21%
75,000
|
$7,365,000,000 | 3.11% |
| Omniab Inc |
18.62%
1,875,000
|
$7,031,250,000 | 2.97% |
| Kirby Corp. |
Closed
72,019
|
$6,864,851,000 | |
| Meritage Homes Corp. |
40.00%
38,500
|
$6,231,225,000 | 2.64% |
| Vivid Seats Inc |
Closed
950,000
|
$5,690,500,000 | |
| TopBuild Corp |
54.24%
13,500
|
$5,201,145,000 | 2.20% |
| Cavco Inds Inc Del |
26.50%
14,700
|
$5,088,699,000 | 2.15% |
| D.R. Horton Inc. |
41.67%
25,500
|
$3,593,715,000 | 1.52% |
| NVR Inc. |
No change
430
|
$3,263,081,000 | 1.38% |
| Bitdeer Technologies Group |
Opened
260,000
|
$2,667,600,000 | 1.13% |
| Allstate Corp (The) |
Closed
15,000
|
$2,595,150,000 | |
| Seagate Technology Hldngs Pl |
Opened
25,000
|
$2,581,750,000 | 1.09% |
| Adams Res & Energy Inc |
15.11%
80,794
|
$2,262,232,000 | 0.96% |
| Century Cmntys Inc |
Closed
20,000
|
$1,930,000,000 | |
| IES Holdings Inc |
Closed
15,000
|
$1,824,600,000 | |
| Wiley John Sons Inc |
Opened
42,775
|
$1,740,943,000 | 0.74% |
| No transactions found | |||
| Showing first 500 out of 35 holdings | |||
Hedge funds similar to First Sabrepoint Capital Management L.P.
- Carmel Capital Partners
- Van Strum & Towne Inc
- Lhm, Inc
- Silver Heights Capital Management Inc
- Yeomans Consulting
- Olio Planning
- Hudson Value Partners
- Omnia Family Wealth
- Brand Asset Management
- Heathbridge Capital Management
- Eley Management, Inc
- J Arnold Wealth Management Co
- Naman Capital Ltda
- Palogic Value Management, L.P.