Coastal Investment Management, L.P. 13F annual report
Coastal Investment Management, L.P. is an investment fund managing more than $71.8 million ran by Todd Plutsky. There are currently 12 companies in Mr. Plutsky’s portfolio. The largest investments include Microsoft and Zscaler Inc, together worth $47.6 million.
$71.8 million Assets Under Management (AUM)
As of 11th October 2021, Coastal Investment Management, L.P.’s top holding is 105,943 shares of Microsoft currently worth over $29.9 million and making up 41.6% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Coastal Investment Management, L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 67,800 shares of Zscaler Inc worth $17.8 million, whose value fell approximately 0.1% in the past six months.
The third-largest holding is Salesforce.Com Inc worth $5.7 million and the next is Cars.com worth $4.47 million, with 353,565 shares owned.
Currently, Coastal Investment Management, L.P.'s portfolio is worth at least $71.8 million. 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 Coastal Investment Management, L.P.
The Coastal Investment Management, L.P. office and employees reside in Los Angeles, California. According to the last 13-F report filed with the SEC, Todd Plutsky serves as the Managing Partner at Coastal Investment Management, L.P..
Recent trades
In the most recent 13F filing, Coastal Investment Management, L.P. revealed that it had opened a new position in
Concord Acquisition Corp and bought 300,000 shares worth $3.02 million.
This means they effectively own approximately 0.1% of the company.
Concord Acquisition Corp makes up
100.0%
of the fund's Finance sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Zscaler Inc by buying
35,000 additional shares.
This makes their stake in Zscaler Inc total 67,800 shares worth $17.8 million.
Zscaler Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Coastal Investment Management, L.P. is getting rid of from its portfolio.
Coastal Investment Management, L.P. closed its position in Fastly Inc on 18th October 2021.
It sold the previously owned 20,000 shares for $1.19 million.
Todd Plutsky also disclosed a decreased stake in Cars.com by 0.3%.
This leaves the value of the investment at $4.47 million and 353,565 shares.
One of the smallest hedge funds
The two most similar investment funds to Coastal Investment Management, L.P. are Meadow Creek Wealth Advisors and Harbert Fund Advisors, Inc. They manage $71.8 million and $71.9 million respectively.
Todd Plutsky investment strategy
Coastal Investment Management, L.P.’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Technology — making up 87.4% of
the total portfolio value.
The fund focuses on investments in the United States as
83.3% 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
67% of the total holdings value.
On the other hand, small-cap stocks make up only 8.3% of the portfolio.
The average market cap of the portfolio companies is close to $222 billion.
The complete list of Coastal Investment Management, L.P. trades based on 13F SEC filings
These positions were updated on October 18th 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 |
|---|---|---|---|
| Microsoft Corporation |
No change
105,943
|
$29,867,000 | 41.60% |
| Zscaler Inc |
106.71%
67,800
|
$17,779,000 | 24.76% |
| Salesforce.Com Inc |
No change
21,000
|
$5,696,000 | 7.93% |
| Cars.com |
33.19%
353,565
|
$4,473,000 | 6.23% |
| Concord Acquisition Corp |
Opened
300,000
|
$3,024,000 | 4.21% |
| Crowdstrike Holdings Inc |
143.00%
12,150
|
$2,986,000 | 4.16% |
| Okta Inc |
No change
11,122
|
$2,640,000 | 3.68% |
| Elastic N.V |
No change
10,019
|
$1,493,000 | 2.08% |
| California Res Corp |
No change
32,481
|
$1,332,000 | 1.86% |
| Open Text Corp |
No change
25,000
|
$1,219,000 | 1.70% |
| Fastly Inc |
Closed
20,000
|
$1,192,000 | |
| DocuSign Inc |
No change
4,200
|
$1,081,000 | 1.51% |
| GoodRx Holdings, Inc. |
Closed
24,650
|
$888,000 | |
| Codexis Inc. |
Closed
39,000
|
$884,000 | |
| Climate Change Crisis Real Impact I Acquisition Corporation |
Closed
46,150
|
$693,000 | |
| Aprea Therapeutics, Inc. |
No change
41,965
|
$214,000 | 0.30% |
| No transactions found | |||
| Showing first 500 out of 16 holdings | |||
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