Old Well Partners 13F annual report

Old Well Partners is an investment fund managing more than $112 billion ran by Michael Gentile. There are currently 33 companies in Mr. Gentile’s portfolio. The largest investments include MercadoLibre Inc and Nu Hldgs Ltd, together worth $20.3 billion.

Limited to 30 biggest holdings

$112 billion Assets Under Management (AUM)

As of 12th August 2024, Old Well Partners’s top holding is 7,582 shares of MercadoLibre Inc currently worth over $11.5 billion and making up 10.2% of the portfolio value. Relative to the number of outstanding shares of MercadoLibre Inc, Old Well Partners owns more than approximately 0.1% of the company. In addition, the fund holds 742,600 shares of Nu Hldgs Ltd worth $8.86 billion. The third-largest holding is Kkr Co Inc worth $6.7 billion and the next is PDD Inc worth $6.7 billion, with 57,639 shares owned.

Currently, Old Well Partners's portfolio is worth at least $112 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 Old Well Partners

The Old Well Partners office and employees reside in Charlotte, North Carolina. According to the last 13-F report filed with the SEC, Michael Gentile serves as the Chief Financial Officer at Old Well Partners.

Recent trades

In the most recent 13F filing, Old Well Partners revealed that it had opened a new position in Sea Ltd and bought 105,900 shares worth $5.69 billion. This means they effectively own approximately 0.1% of the company. Sea Ltd makes up 80.2% 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 BILL Inc by buying 1,800 additional shares. This makes their stake in BILL Inc total 20,600 shares worth $1.42 billion. BILL Inc dropped approximately 0.1% in the past year.

On the other hand, there are companies that Old Well Partners is getting rid of from its portfolio. Old Well Partners closed its position in Wns Hldgs Ltd on 19th August 2024. It sold the previously owned 156,546 shares for $10.7 billion. Michael Gentile also disclosed a decreased stake in MercadoLibre Inc by 0.6%. This leaves the value of the investment at $11.5 billion and 7,582 shares.

One of the smallest hedge funds

The two most similar investment funds to Old Well Partners are Allen Wealth Management and Mcmillion Capital Management Inc. They manage $112 billion and $112 billion respectively.

Michael Gentile investment strategy

Old Well Partners’s portfolio is diversified across 7 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 32.2% of the total portfolio value. The fund focuses on investments in the United States as 33.3% 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 48% 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 $117 billion.

The complete list of Old Well Partners trades based on 13F SEC filings

These positions were updated on August 19th 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
MercadoLibre Inc	57.32% 7,582	$11,463,681,000	10.21%
Wns Hldgs Ltd	Closed 156,546	$10,717,140,000
Nu Hldgs Ltd	65.17% 742,600	$8,859,218,000	7.89%
Alibaba Group Hldg Ltd	Closed 81,400	$7,060,636,000
Kkr Co Inc	60.42% 66,623	$6,700,941,000	5.97%
PDD Holdings Inc	69.98% 57,639	$6,700,534,000	5.97%
Amazon.com Inc.	55.07% 33,201	$5,988,796,000	5.33%
Sea Ltd	Opened 105,900	$5,687,889,000	5.06%
Coupang, Inc.	32.27% 269,700	$4,797,963,000	4.27%
Qifu Technology Inc.	56.48% 249,200	$4,592,756,000	4.09%
KE Holdings Inc.	69.23% 302,501	$4,153,339,000	3.70%
Trip.com Group Ltd	Opened 86,600	$3,800,874,000	3.38%
Block Inc	51.15% 42,400	$3,586,192,000	3.19%
New Oriental Ed Technology	65.86% 39,600	$3,438,072,000	3.06%
JD.com Inc	64.43% 123,517	$3,383,131,000	3.01%
Freshworks Inc	65.67% 180,670	$3,290,001,000	2.93%
Genpact Limited	63.96% 97,831	$3,223,531,000	2.87%
Alphabet Inc	28.33% 19,350	$2,946,231,000	2.62%
BeiGene Ltd	52.94% 18,038	$2,820,963,000	2.51%
XP Inc	54.89% 109,900	$2,820,034,000	2.51%
Taiwan Semiconductor Mfg Ltd	77.27% 20,000	$2,721,000,000	2.42%
P10 Inc	42.70% 285,315	$2,402,352,000	2.14%
Legend Biotech Corp	53.54% 42,001	$2,355,836,000	2.10%
Bilibili Inc	53.81% 198,690	$2,225,328,000	1.98%
Berkshire Hathaway Inc.	50.00% 5,100	$2,144,652,000	1.91%
Ncino, Inc.	Closed 64,600	$2,054,280,000
Wns Hldgs Ltd	Opened 38,273	$1,933,935,000	1.72%
Apollo Global Mgmt Inc	50.00% 13,800	$1,551,810,000	1.38%
BILL Holdings Inc	9.57% 20,600	$1,415,632,000	1.26%
Similarweb Ltd.	69.13% 156,419	$1,407,771,000	1.25%
Cloudflare Inc	70.25% 14,400	$1,394,352,000	1.24%
Occidental Pete Corp	45.19% 20,500	$1,332,295,000	1.19%
Salesforce Inc	61.70% 3,600	$1,084,248,000	0.97%
AMKOR Technology Inc.	50.00% 24,000	$773,760,000	0.69%
Ubiquiti Inc	Opened 5,929	$686,875,000	0.61%
Maplebear Inc	Opened 16,472	$614,241,000	0.55%
Nuvalent Inc	Closed 11,600	$533,252,000
Zymeworks Inc	Closed 38,400	$243,456,000
Janux Therapeutics Inc	Closed 20,600	$207,648,000
Lianbio	Closed 64,400	$95,956,000
No transactions found
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