Anqa Management 13F annual report

Anqa Management is an investment fund managing more than $66.5 million ran by Carlos Leal. There are currently 11 companies in Mr. Leal’s portfolio. The largest investments include Indivior Plc and Lions Gate Entmt Corp, together worth $27.9 million.

$66.5 million Assets Under Management (AUM)

As of 6th November 2023, Anqa Management’s top holding is 805,446 shares of Indivior Plc currently worth over $17.5 million and making up 26.3% of the portfolio value. In addition, the fund holds 1,324,388 shares of Lions Gate Entmt Corp worth $10.4 million. The third-largest holding is SciPlay worth $9.11 million and the next is Spirit Airls Inc worth $7.32 million, with 443,307 shares owned.

Currently, Anqa Management's portfolio is worth at least $66.5 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 Anqa Management

The Anqa Management office and employees reside in Sag Harbor, New York. According to the last 13-F report filed with the SEC, Carlos Leal serves as the AUTHORIZED SIGNER at Anqa Management.

Recent trades

In the most recent 13F filing, Anqa Management revealed that it had opened a new position in Enfusion and bought 260,706 shares worth $2.34 million. This means they effectively own approximately 0.1% of the company. Enfusion makes up 35.7% of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.

The investment fund also strengthened its position in Illumina Inc by buying 2,500 additional shares. This makes their stake in Illumina Inc total 36,100 shares worth $4.96 million. Illumina Inc dropped approximately 0.1% in the past year.

On the other hand, there are companies that Anqa Management is getting rid of from its portfolio. Anqa Management closed its position in Black Knight Inc on 13th November 2023. It sold the previously owned 116,275 shares for $6.95 million. Carlos Leal also disclosed a decreased stake in Activision Blizzard Inc by 0.4%. This leaves the value of the investment at $4.68 million and 50,000 shares.

One of the smallest hedge funds

The two most similar investment funds to Anqa Management are Glen Point Capital LL.P. and Fairpointe Capital. They manage $66.7 million and $66.3 million respectively.

Carlos Leal investment strategy

Anqa Management’s portfolio is diversified across 5 sectors. Currently, their heaviest sector is Communication Services — making up 24.6% 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 18% 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 $13.6 billion.

The complete list of Anqa Management trades based on 13F SEC filings

These positions were updated on November 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
Indivior Plc	No change 805,446	$17,489,000	26.29%
Lions Gate Entmt Corp	No change 1,324,388	$10,423,000	15.67%
SciPlay Corporation	No change 400,000	$9,108,000	13.69%
Spirit Airls Inc	No change 443,307	$7,315,000	10.99%
Black Knight Inc	Closed 116,275	$6,945,000
Illumina Inc	7.44% 36,100	$4,956,000	7.45%
Activision Blizzard Inc	43.95% 50,000	$4,682,000	7.04%
Turtle Beach Corp	No change 465,000	$4,220,000	6.34%
Interdigital Inc	37.26% 32,500	$2,608,000	3.92%
Pitney Bowes, Inc.	15.09% 861,016	$2,600,000	3.91%
Enfusion, Inc.	Opened 260,706	$2,339,000	3.52%
Owlet Inc	92.86% 177,007	$793,000	1.19%
Audacy Inc	Closed 16,268	$35,000
No transactions found
Showing first 500 out of 13 holdings