Full18 Capital 13F annual report

Full18 Capital is an investment fund managing more than $434 million ran by Allon Hellmann. There are currently 75 companies in Hellmann’s portfolio. The largest investments include Carlyle Inc and KKR & Co, together worth $66.7 million.

Limited to 30 biggest holdings

$434 million Assets Under Management (AUM)

As of 22nd April 2022, Full18 Capital’s top holding is 699,514 shares of Carlyle Inc currently worth over $34.4 million and making up 7.9% of the portfolio value. Relative to the number of outstanding shares of Carlyle Inc, Full18 Capital owns more than approximately 0.1% of the company. In addition, the fund holds 516,212 shares of KKR & Co worth $32.3 million, whose value fell 34.0% in the past six months. The third-largest holding is Global Pmts Inc worth $23.9 million and the next is Ameriprise Finl Inc worth $22.1 million, with 73,313 shares owned.

Currently, Full18 Capital's portfolio is worth at least $434 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 Full18 Capital

The Full18 Capital office and employees reside in Westport, Connecticut. According to the last 13-F report filed with the SEC, Allon Hellmann serves as the Portfolio Manager at Full18 Capital.

Recent trades

In the most recent 13F filing, Full18 Capital revealed that it had opened a new position in SVB and bought 22,314 shares worth $12.9 million. This means they effectively own approximately 0.1% of the company. SVB makes up 7.9% of the fund's Finance sector allocation and has decreased its share price by 11.2% in the past year.

The investment fund also strengthened its position in Carlyle Inc by buying 497,506 additional shares. This makes their stake in Carlyle Inc total 699,514 shares worth $34.4 million. Carlyle Inc dropped 9.2% in the past year.

On the other hand, there are companies that Full18 Capital is getting rid of from its portfolio. Full18 Capital closed its position in Bank New York Mellon Corp on 29th April 2022. It sold the previously owned 138,331 shares for $8.19 million. Allon Hellmann also disclosed a decreased stake in Evercore Inc by 0.1%. This leaves the value of the investment at $4.36 million and 34,941 shares.

One of the smaller hedge funds

The two most similar investment funds to Full18 Capital are New England Investment & Retirement and V3 Capital Management, L.P.. They manage $434 million and $433 million respectively.

Allon Hellmann investment strategy

Full18 Capital’s portfolio is diversified across 6 sectors. Currently, their heaviest sector is Finance — making up 37.6% of the total portfolio value. The fund focuses on investments in the United States as 40.0% 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 17% 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 $26.8 billion.

The complete list of Full18 Capital trades based on 13F SEC filings

These positions were updated on April 29th 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
Carlyle Group Inc (The)	246.28% 699,514	$34,390,000	7.93%
KKR & Co. Inc.	251.37% 516,212	$32,292,000	7.44%
Global Pmts Inc	422.40% 169,305	$23,850,000	5.50%
Ameriprise Finl Inc	318.96% 73,313	$22,102,000	5.10%
Invesco Ltd	237.54% 848,724	$19,011,000	4.38%
Kite Rlty Group Tr	184.49% 702,883	$15,316,000	3.53%
SVB Financial Group	Opened 22,314	$12,899,000	2.97%
Virtus Invt Partners Inc	211.14% 47,686	$11,802,000	2.72%
Nuvei Corporation	235.95% 176,376	$11,141,000	2.57%
Urban Edge Pptys	213.77% 594,061	$10,984,000	2.53%
Signature Bk New York N Y	Opened 33,215	$10,387,000	2.39%
Arch Cap Group Ltd	170.57% 219,722	$10,250,000	2.36%
i3 Verticals Inc	288.72% 392,153	$10,002,000	2.31%
OneMain Holdings Inc	96.90% 190,565	$9,572,000	2.21%
Interactive Brokers Group In	Opened 139,563	$9,307,000	2.15%
BRP Group, Inc.	478.61% 305,176	$8,601,000	1.98%
Repay Hldgs Corp	Opened 507,940	$8,559,000	1.97%
Bank New York Mellon Corp	Closed 138,331	$8,189,000
Lpl Finl Hldgs Inc	Opened 44,023	$7,867,000	1.81%
M & T Bk Corp	Opened 42,698	$7,237,000	1.67%
Ally Finl Inc	163.39% 140,062	$6,864,000	1.58%
East West Bancorp, Inc.	Opened 81,036	$6,770,000	1.56%
Victory Cap Hldgs Inc	1,127.29% 195,716	$6,142,000	1.42%
Patria Investments Limited	93.78% 348,583	$5,956,000	1.37%
Goldman Sachs Group, Inc.	Closed 14,280	$5,903,000
Equitable Holdings, Inc.	Closed 175,406	$5,876,000
Ci Finl Corp	Closed 254,906	$5,814,000
Taskus Inc	232.86% 166,532	$5,781,000	1.33%
Intercontinental Exchange In	Opened 44,781	$5,737,000	1.32%
Stifel Finl Corp	Closed 75,545	$5,505,000
Fidelity National Financial Inc	112.25% 110,339	$5,395,000	1.24%
New Residential Invt Corp	250.70% 476,605	$5,101,000	1.18%
Innovative Indl Pptys Inc	Opened 25,106	$4,983,000	1.15%
Janus Henderson Group plc	Opened 139,511	$4,951,000	1.14%
Unum Group	Opened 165,841	$4,950,000	1.14%
Evercore Inc	13.99% 34,941	$4,361,000	1.01%
Everi Holdings Inc	144.43% 200,144	$4,284,000	0.99%
Northern Tr Corp	Closed 33,191	$4,084,000
TransUnion	Opened 44,839	$4,070,000	0.94%
Synovus Finl Corp	Opened 79,439	$3,989,000	0.92%
Cannae Holdings Inc	0.54% 134,404	$3,880,000	0.89%
Host Hotels & Resorts Inc	Opened 200,442	$3,802,000	0.88%
Five Star Bancorp	157.18% 124,867	$3,748,000	0.86%
Simon Ppty Group Inc New	Closed 25,136	$3,684,000
Aercap Holdings Nv	204.26% 62,078	$3,644,000	0.84%
Visa Inc	Opened 16,105	$3,642,000	0.84%
Fidelity Natl Information Sv	Opened 28,265	$3,390,000	0.78%
Metropolitan Bk Hldg Corp	Closed 35,621	$3,237,000
Open Lending, LLC	Closed 101,892	$3,212,000
Blackstone Inc	Opened 21,104	$2,785,000	0.64%
American Intl Group Inc	Closed 46,231	$2,732,000
Popular Inc.	Closed 33,383	$2,719,000
Perella Weinberg Partners	46.89% 245,463	$2,615,000	0.60%
International Bancshares Cor	Closed 59,363	$2,517,000
Stewart Information Svcs Cor	Closed 35,342	$2,515,000
Gallagher Arthur J & Co	Closed 14,914	$2,501,000
Sculptor Cap Mgmt	Closed 94,338	$2,500,000
First Bancorp P R	Closed 182,940	$2,497,000
NCR Corp.	Closed 63,146	$2,497,000
Rlj Lodging Tr	Opened 174,159	$2,452,000	0.57%
First Intst Bancsystem Inc	Opened 60,700	$2,411,000	0.56%
Envestnet Inc.	Opened 31,157	$2,326,000	0.54%
Hancock Whitney Corp.	Closed 45,151	$2,234,000
PagSeguro Digital Ltd	Opened 97,919	$2,215,000	0.51%
Accenture Plc Ireland	Opened 6,888	$2,177,000	0.50%
Federated Hermes Inc	Closed 64,581	$2,151,000
Ryan Specialty Group Hldgs I	Opened 54,850	$2,125,000	0.49%
Metlife Inc	Opened 31,326	$2,116,000	0.49%
Voya Financial, Inc.	Closed 29,701	$2,072,000
Cboe Global Mkts Inc	40.38% 17,458	$2,048,000	0.47%
Bill.com Holdings Inc	Closed 6,931	$2,040,000
Root, Inc.	Opened 1,045,955	$2,002,000	0.46%
Shift4 Pmts Inc	44.64% 37,868	$1,995,000	0.46%
Phillips Edison & Co Inc	148.64% 57,098	$1,939,000	0.45%
Finwise Bancorp	Opened 103,690	$1,936,000	0.45%
Brightsphere Invt Group Inc	125.10% 80,090	$1,927,000	0.44%
Third Coast Bancshares Inc	Opened 81,122	$1,909,000	0.44%
KeyCorp	Closed 81,478	$1,896,000
QuinStreet Inc	58.22% 133,141	$1,890,000	0.44%
Healthcare Tr Amer Inc	8.01% 60,808	$1,884,000	0.43%
First Amern Finl Corp	Closed 25,749	$1,883,000
CBRE Group Inc	Opened 18,788	$1,862,000	0.43%
Equifax, Inc.	Closed 6,647	$1,844,000
Cadence Bank	Opened 58,939	$1,837,000	0.42%
Old Rep Intl Corp	Closed 68,375	$1,766,000
Pacwest Bancorp	Closed 36,943	$1,754,000
Lightspeed Commerce Inc	Closed 17,723	$1,731,000
Pebblebrook Hotel Tr	Closed 76,220	$1,712,000
Cowen Inc	Closed 44,218	$1,668,000
Chubb Limited	Closed 8,013	$1,566,000
Argo Group Intl Hldgs Ltd	134.22% 27,359	$1,553,000	0.36%
Automatic Data Processing In	Closed 6,870	$1,542,000
Block Inc	Closed 5,805	$1,477,000
Western Alliance Bancorp	Closed 12,414	$1,441,000
Thoughtworks Holding Inc	Closed 48,433	$1,399,000
Crowdstrike Holdings Inc	Opened 7,088	$1,384,000	0.32%
Alliance Data Systems Corp	Closed 15,225	$1,298,000
Newmark Group Inc	Closed 84,811	$1,262,000
MBIA Inc.	58.26% 86,148	$1,246,000	0.29%
Berkley W R Corp	Closed 14,740	$1,173,000
HCI Group Inc	Closed 8,668	$1,162,000
Hartford Finl Svcs Group Inc	Closed 15,516	$1,132,000
Paycor Hcm Inc	Closed 34,599	$1,122,000
Intl Gnrl Insurance Hldngs L	92.16% 144,660	$1,119,000	0.26%
Moneygram International Inc.	Opened 126,623	$1,110,000	0.26%
Marqeta Inc	Opened 93,444	$1,096,000	0.25%
Dlocal Ltd	Closed 22,180	$1,076,000
Ncino, Inc.	Closed 14,483	$1,052,000
Agree Rlty Corp	Closed 14,678	$1,043,000
Costar Group, Inc.	Opened 16,299	$994,000	0.23%
Apartment Income REIT Corp.	Opened 18,936	$977,000	0.23%
Focus Finl Partners Inc	Opened 19,301	$966,000	0.22%
Cantaloupe Inc	Closed 76,451	$956,000
Palomar Holdings, Inc.	Opened 16,318	$956,000	0.22%
Renaissancere Hldgs Ltd	Closed 6,473	$918,000
StoneCo Ltd	Opened 58,302	$908,000	0.21%
Global E Online Ltd	Closed 14,633	$847,000
Navient Corporation	Closed 41,634	$820,000
Welltower Inc.	Closed 9,876	$794,000
Trupanion Inc	Closed 7,684	$787,000
Cousins Pptys Inc	Closed 17,996	$713,000
CyrusOne Inc	Closed 7,881	$646,000
Rekor Systems Inc	Closed 45,957	$625,000
Silvergate Cap Corp	Opened 4,754	$609,000	0.14%
James Riv Group Ltd	Closed 18,786	$600,000
Brixmor Ppty Group Inc	Opened 23,196	$588,000	0.14%
Mvb Finl Corp	Closed 13,283	$567,000
Mid Penn Bancorp, Inc.	72.23% 18,499	$538,000	0.12%
Green Dot Corp.	Closed 11,312	$479,000
Medical Pptys Trust Inc	Closed 18,661	$398,000
New York Cmnty Bancorp Inc	Closed 30,947	$385,000
Flagstar Bancorp, Inc.	Closed 7,416	$350,000
Opendoor Technologies Inc.	Closed 14,307	$339,000
Cardlytics Inc	Closed 3,776	$297,000
CURO Group Holdings Corp	Closed 16,897	$290,000
Trean Ins Group Inc	34.85% 35,010	$265,000	0.06%
Flushing Finl Corp	Closed 9,883	$237,000
Alight Inc.	Closed 19,872	$216,000
Fortress Trans Infrst Invs L	Closed 45,673	$0
No transactions found
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