Longitude (cayman) 13F annual report
Longitude (cayman) is an investment fund managing more than $63.5 billion ran by Laurent Fresard. There are currently 22 companies in Mr. Fresard’s portfolio. The largest investments include SoFi Technologies and Palantir Technologies, together worth $17 billion.
$63.5 billion Assets Under Management (AUM)
As of 16th July 2024, Longitude (cayman)’s top holding is 1,311,500 shares of SoFi Technologies currently worth over $8.67 billion and making up 13.7% of the portfolio value.
Relative to the number of outstanding shares of SoFi Technologies, Longitude (cayman) owns more than approximately 0.1% of the company.
In addition, the fund holds 328,625 shares of Palantir Technologies worth $8.32 billion, whose value grew 64.9% in the past six months.
The third-largest holding is Advanced Micro Devices worth $6.67 billion and the next is Tesla Inc worth $6.56 billion, with 33,160 shares owned.
Currently, Longitude (cayman)'s portfolio is worth at least $63.5 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 Longitude (cayman)
The Longitude (cayman) office and employees reside in Grand Cayman, Cayman Islands. According to the last 13-F report filed with the SEC, Laurent Fresard serves as the Managing Director at Longitude (cayman).
Recent trades
In the most recent 13F filing, Longitude (cayman) revealed that it had opened a new position in
Ishares Bitcoin Trust and bought 104,000 shares worth $3.55 billion.
The investment fund also strengthened its position in SoFi Technologies by buying
30,000 additional shares.
This makes their stake in SoFi Technologies total 1,311,500 shares worth $8.67 billion.
SoFi Technologies dropped approximately 0.1% in the past year.
On the other hand, there are companies that Longitude (cayman) is getting rid of from its portfolio.
Longitude (cayman) closed its position in Ark Etf Tr on 23rd July 2024.
It sold the previously owned 87,000 shares for $2.5 billion.
Laurent Fresard also disclosed a decreased stake in Palantir Technologies by approximately 0.1%.
This leaves the value of the investment at $8.32 billion and 328,625 shares.
One of the smallest hedge funds
The two most similar investment funds to Longitude (cayman) are Patrizia PTY Ltd and Connective Capital Management. They manage $63.5 billion and $63.4 billion respectively.
Laurent Fresard investment strategy
Longitude (cayman)’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Technology — making up 47.5% of
the total portfolio value.
The fund focuses on investments in the United States as
63.6% 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
55% 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 $254 billion.
The complete list of Longitude (cayman) trades based on 13F SEC filings
These positions were updated on July 23rd 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 |
|---|---|---|---|
| SoFi Technologies, Inc. |
2.34%
1,311,500
|
$8,669,015,000 | 13.66% |
| Palantir Technologies Inc. |
0.60%
328,625
|
$8,324,071,000 | 13.11% |
| Advanced Micro Devices Inc. |
28.04%
41,100
|
$6,666,831,000 | 10.50% |
| Tesla Inc |
6.80%
33,160
|
$6,561,700,000 | 10.34% |
| Microstrategy Inc. |
22.92%
3,700
|
$5,096,676,000 | 8.03% |
| Ishares Bitcoin Trust |
Opened
104,000
|
$3,550,560,000 | 5.59% |
| NVIDIA Corp |
536.36%
21,000
|
$2,594,340,000 | 4.09% |
| Arm Holdings Plc |
32.61%
15,500
|
$2,536,110,000 | 4.00% |
| Meta Platforms Inc |
0.70%
5,000
|
$2,521,100,000 | 3.97% |
| Ark Etf Tr |
Closed
87,000
|
$2,502,120,000 | |
| Apple Inc |
17.78%
11,560
|
$2,434,767,000 | 3.84% |
| Block Inc |
39.13%
32,000
|
$2,063,680,000 | 3.25% |
| Micron Technology Inc. |
16.67%
15,000
|
$1,972,950,000 | 3.11% |
| Crocs Inc |
15.00%
11,500
|
$1,678,310,000 | 2.64% |
| Amarin Corp Plc |
1.49%
2,390,000
|
$1,649,100,000 | 2.60% |
| Jetblue Awys Corp |
22.15%
246,000
|
$1,498,140,000 | 2.36% |
| Lilium N V |
12.20%
1,514,672
|
$1,203,709,000 | 1.90% |
| On Hldg Ag |
45.00%
29,000
|
$1,125,200,000 | 1.77% |
| Take-two Interactive Softwar |
Closed
6,500
|
$965,185,000 | |
| Coinbase Global Inc |
63.64%
4,000
|
$888,920,000 | 1.40% |
| Pinterest Inc |
33.33%
20,000
|
$881,400,000 | 1.39% |
| Amazon.com Inc. |
33.33%
4,000
|
$773,000,000 | 1.22% |
| Alphabet Inc |
Closed
5,075
|
$765,970,000 | |
| Embraer S.A. |
Closed
20,004
|
$532,907,000 | |
| Adobe Inc |
Closed
1,000
|
$504,600,000 | |
| Airbnb, Inc. |
Opened
3,000
|
$454,890,000 | 0.72% |
| MercadoLibre Inc |
Opened
200
|
$328,680,000 | 0.52% |
| Shake Shack Inc |
Closed
2,500
|
$260,075,000 | |
| Akili Inc |
Closed
350,000
|
$101,500,000 | |
| Invitae Corp |
Closed
215,000
|
$2,365,000 | |
| No transactions found | |||
| Showing first 500 out of 30 holdings | |||
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