Cannon Global Investment Management 13F annual report

Cannon Global Investment Management is an investment fund managing more than $21.5 billion ran by Benjamin Flora. There are currently 34 companies in Mr. Flora’s portfolio. The largest investments include Protagonist Therapeutics Inc and Capri Holdings Limited, together worth $4.74 billion.

Limited to 30 biggest holdings

$21.5 billion Assets Under Management (AUM)

As of 26th July 2024, Cannon Global Investment Management’s top holding is 69,900 shares of Protagonist Therapeutics Inc currently worth over $2.42 billion and making up 11.3% of the portfolio value. Relative to the number of outstanding shares of Protagonist Therapeutics Inc, Cannon Global Investment Management owns more than approximately 0.1% of the company. In addition, the fund holds 70,096 shares of Capri Holdings Limited worth $2.32 billion. The third-largest holding is United States Stl Corp New worth $2.14 billion and the next is Spdr Ser Tr worth $1.18 billion, with 23,700 shares owned.

Currently, Cannon Global Investment Management's portfolio is worth at least $21.5 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 Cannon Global Investment Management

The Cannon Global Investment Management office and employees reside in Davie, Florida. According to the last 13-F report filed with the SEC, Benjamin Flora serves as the Chief Compliance Officer & Chief Operations Officer at Cannon Global Investment Management.

Recent trades

In the most recent 13F filing, Cannon Global Investment Management revealed that it had opened a new position in Protagonist Therapeutics Inc and bought 69,900 shares worth $2.42 billion. This means they effectively own approximately 0.1% of the company. Protagonist Therapeutics Inc makes up 81.6% of the fund's Health Care sector allocation and has grown its share price by 104.4% in the past year.

The investment fund also strengthened its position in United States Stl Corp New by buying 6,100 additional shares. This makes their stake in United States Stl Corp New total 56,500 shares worth $2.14 billion.

On the other hand, there are companies that Cannon Global Investment Management is getting rid of from its portfolio. Cannon Global Investment Management closed its position in Callon Pete Co Del on 2nd August 2024. It sold the previously owned 210,000 shares for $7.51 billion. Benjamin Flora also disclosed a decreased stake in Workday Inc by 0.3%. This leaves the value of the investment at $782 million and 3,500 shares.

One of the smallest hedge funds

The two most similar investment funds to Cannon Global Investment Management are Mizuho Markets Cayman L.P. and Mesirow Investment Management. They manage $21.6 billion and $21.2 billion respectively.

Benjamin Flora investment strategy

Cannon Global Investment Management’s portfolio is diversified across 9 sectors. Currently, their heaviest sector is Health Care — making up 13.8% of the total portfolio value. The fund focuses on investments in the United States as 44.1% 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 15% 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 $7.85 billion.

The complete list of Cannon Global Investment Management trades based on 13F SEC filings

These positions were updated on August 2nd 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
Callon Pete Co Del	Closed 210,000	$7,509,600,000
First Tr Exchange-traded Fd	Closed 20,400	$4,183,836,000
Protagonist Therapeutics Inc	Opened 69,900	$2,422,035,000	11.28%
Capri Holdings Limited	Opened 70,096	$2,318,776,000	10.80%
United States Stl Corp New	12.10% 56,500	$2,135,700,000	9.95%
Spdr Ser Tr	Opened 23,700	$1,180,971,000	5.50%
Cnh Indl N V	96.08% 100,000	$1,013,000,000	4.72%
Solventum Corp	Closed 13,000	$904,150,000
Clearwater Analytics Hldgs I	Closed 48,500	$857,965,000
CRH Plc	Closed 9,800	$845,348,000
TechnipFMC plc	Opened 31,000	$810,650,000	3.78%
Workday Inc	28.57% 3,500	$782,460,000	3.64%
DocuSign Inc	Opened 14,300	$765,050,000	3.56%
Bentley Sys Inc	Opened 14,900	$735,464,000	3.43%
Avantor, Inc.	5.61% 33,900	$718,680,000	3.35%
Cheniere Energy Inc.	52.38% 4,000	$699,320,000	3.26%
Biomarin Pharmaceutical Inc.	Closed 7,800	$681,252,000
Cytokinetics Inc	Closed 9,700	$680,067,000
Vertex Inc	Closed 21,200	$673,312,000
Atkore Inc	Closed 3,400	$647,224,000
Burford Cap Ltd	Closed 39,400	$629,218,000
Liberty Media Corp.	66.04% 52,800	$1,169,781,000	5.45%
Indivior Plc	Closed 26,300	$563,346,000
Willscot Mobil Mini Hldng Co	Closed 12,000	$558,000,000
United States Cellular Corporation	Closed 14,300	$521,950,000
Soleno Therapeutics Inc	Closed 11,800	$505,040,000
Spdr Ser Tr	Closed 3,800	$498,712,000
Viper Energy Inc	Closed 12,100	$465,366,000
Texas Pacific Land Corporati	Closed 800	$462,808,000
DENTSPLY Sirona Inc	Closed 13,900	$461,341,000
Construction Partners Inc	Closed 8,200	$460,430,000
Dillards Inc	Opened 1,000	$440,390,000	2.05%
Surgery Partners Inc	12.62% 18,000	$428,220,000	1.99%
Gates Indl Corp Plc	Opened 27,000	$426,870,000	1.99%
Dream Finders Homes, Inc.	207.69% 16,000	$413,120,000	1.92%
Modine Mfg Co	Opened 4,000	$400,760,000	1.87%
Acushnet Hldgs Corp	Opened 5,800	$368,184,000	1.71%
Beacon Roofing Supply Inc	Opened 4,022	$363,991,000	1.70%
Tpg Inc	Opened 8,600	$356,470,000	1.66%
Select Sector Spdr Tr	Opened 4,000	$353,240,000	1.65%
American Superconductor Corp.	Closed 25,500	$344,505,000
Paramount Global	Closed 29,200	$343,684,000
Lazard Inc.	Opened 9,000	$343,620,000	1.60%
Zurn Elkay Water Solns Corp	Closed 10,200	$341,394,000
Herc Holdings Inc	Opened 2,500	$333,225,000	1.55%
U-Haul Holding Company	Closed 4,900	$330,946,000
Pegasystems Inc.	Opened 5,200	$314,756,000	1.47%
Lincoln Elec Hldgs Inc	Closed 1,200	$306,528,000
Leonardo DRS, Inc.	63.41% 12,000	$306,120,000	1.43%
Sphere Entertainment Co	Closed 5,900	$289,572,000
Palantir Technologies Inc.	Closed 12,400	$285,324,000
Diversified Energy Company P	Closed 23,400	$281,502,000
Dell Technologies Inc	11.11% 2,000	$275,820,000	1.28%
Diebold Nixdorf Inc	Closed 8,000	$275,520,000
Dutch Bros Inc.	73.79% 6,500	$269,100,000	1.25%
Fox Factory Hldg Corp	Closed 5,000	$260,350,000
Steelcase, Inc.	Opened 20,000	$259,200,000	1.21%
Pennymac Finl Svcs Inc New	Opened 2,700	$255,420,000	1.19%
Transocean Ltd	Closed 39,700	$249,316,000
R1 RCM Inc.	Closed 18,200	$234,416,000
Ur-Energy Inc.	Closed 139,800	$223,680,000
United Parks Resorts Inc	Opened 4,000	$217,240,000	1.01%
Skyline Champion Corp	Opened 3,200	$216,800,000	1.01%
Sharecare Inc	Opened 150,000	$202,500,000	0.94%
Wheels Up Experience Inc	Closed 50,500	$144,935,000
American Pub Ed Inc	Closed 10,200	$144,840,000
Tscan Therapeutics Inc	Closed 17,500	$138,950,000
Verastem Inc	Closed 11,100	$130,980,000
Honest Co Inc	Closed 30,000	$121,500,000
MiMedx Group, Inc	Opened 17,000	$117,810,000	0.55%
Absci Corporation	Closed 18,272	$103,785,000
Rekor Systems Inc	Closed 41,000	$93,890,000
Telos Corp Md	Closed 22,532	$93,733,000
Shattuck Labs, Inc.	Closed 10,200	$91,188,000
NN Inc	Closed 18,000	$85,320,000
Taysha Gene Therapies, Inc.	Closed 24,200	$69,454,000
Blend Labs, Inc.	Closed 20,000	$65,000,000
RumbleON Inc	Closed 10,000	$64,600,000
Gan Ltd	40.80% 37,000	$54,575,000	0.25%
Standard BioTools Inc	Closed 20,000	$54,200,000
Akebia Therapeutics Inc.	Closed 28,000	$51,240,000
Scilex Holding Co	Closed 25,000	$39,750,000
Franklin Str Pptys Corp	Closed 11,100	$25,197,000
No transactions found
Showing first 500 out of 83 holdings