Wishbone Management, L.P. 13F annual report

Wishbone Management, L.P. is an investment fund managing more than $275 million ran by John Harris. There are currently 7 companies in Mr. Harris’s portfolio. The largest investments include Micron Technology and Uber Technologies Inc, together worth $123 million.

$275 million Assets Under Management (AUM)

As of 6th February 2023, Wishbone Management, L.P.’s top holding is 1,170,000 shares of Micron Technology currently worth over $64.7 million and making up 23.6% of the portfolio value. Relative to the number of outstanding shares of Micron Technology, Wishbone Management, L.P. owns more than approximately 0.1% of the company. In addition, the fund holds 2,850,000 shares of Uber Technologies Inc worth $58.3 million, whose value fell approximately 0.1% in the past six months. The third-largest holding is Wayfair Inc worth $39.2 million and the next is Elevance Health Inc worth $38.6 million, with 80,000 shares owned.

Currently, Wishbone Management, L.P.'s portfolio is worth at least $275 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 Wishbone Management, L.P.

The Wishbone Management, L.P. office and employees reside in Chicago, Illinois. According to the last 13-F report filed with the SEC, John Harris serves as the Managing Member at Wishbone Management, L.P..

Recent trades

In the most recent 13F filing, Wishbone Management, L.P. revealed that it had increased its stake in Uber Technologies Inc and bought 1,350,000 additional shares worth around $45 million. This means they effectively own approximately 0.1% of the company. Uber Technologies Inc makes up 29.6% of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.

On the other hand, there are companies that Wishbone Management, L.P. is getting rid of from its portfolio. Wishbone Management, L.P. closed its position in Unitedhealth Inc on 13th February 2023. It sold the previously owned 80,000 shares for $40.8 million. John Harris also disclosed a decreased stake in Elevance Health Inc by 0.2%. This leaves the value of the investment at $38.6 million and 80,000 shares.

One of the largest hedge funds

The two most similar investment funds to Wishbone Management, L.P. are Pasadena Private Wealth and Security Services, Inc. They manage $323 billion and $322 billion respectively.

John Harris investment strategy

Wishbone Management, L.P.’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Technology — making up 71.7% of the total portfolio value. The fund focuses on investments in the United States as 71.4% 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 29% 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 $20 billion.

The complete list of Wishbone Management, L.P. trades based on 13F SEC filings

These positions were updated on February 13th 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
Micron Technology Inc.	No change 1,170,000	$64,678,000	23.56%
Uber Technologies Inc	90.00% 2,850,000	$58,311,000	21.24%
Unitedhealth Group Inc	Closed 80,000	$40,798,000
Wayfair Inc	23.21% 900,000	$39,204,000	14.28%
Vipshop Holdings Limited	Closed 4,300,000	$38,700,000
Elevance Health Inc	20.00% 80,000	$38,606,000	14.06%
Arco Platform Ltd	14.23% 2,050,000	$30,607,000	11.15%
Alteryx Inc	20.63% 500,000	$24,210,000	8.82%
Compass, Inc.	31.68% 5,250,000	$18,953,000	6.90%
No transactions found
Showing first 500 out of 9 holdings