Formation8 Gp 13F annual report

Formation8 Gp is an investment fund managing more than $103 billion ran by Joe Lonsdale. There are currently 4 companies in Mr. Lonsdale’s portfolio. The largest investments include Oscar Health and Blend Labs, together worth $88.8 billion.

$103 billion Assets Under Management (AUM)

As of 2nd February 2024, Formation8 Gp’s top holding is 5,189,028 shares of Oscar Health currently worth over $47.5 billion and making up 46.2% of the portfolio value. Relative to the number of outstanding shares of Oscar Health, Formation8 Gp owns more than approximately 0.1% of the company. In addition, the fund holds 16,220,511 shares of Blend Labs worth $41.4 billion, whose value grew 123.8% in the past six months. The third-largest holding is Riskified worth $7.95 billion and the next is ContextLogic worth $5.92 billion, with 995,330 shares owned.

Currently, Formation8 Gp's portfolio is worth at least $103 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 Formation8 Gp

The Formation8 Gp office and employees reside in Los Altos, California. According to the last 13-F report filed with the SEC, Joe Lonsdale serves as the Managing Member at Formation8 Gp.

Recent trades

In the most recent 13F filing, Formation8 Gp revealed that it had opened a new position in Blend Labs and bought 16,220,511 shares worth $41.4 billion.

On the other hand, there are companies that Formation8 Gp is getting rid of from its portfolio. Formation8 Gp closed its position in ContextLogic on 9th February 2024. It sold the previously owned 63,386,126 shares for $835 million. Joe Lonsdale also disclosed a decreased stake in Oscar Health by 0.3%. This leaves the value of the investment at $47.5 billion and 5,189,028 shares.

One of the smallest hedge funds

The two most similar investment funds to Formation8 Gp are Stonecrest Wealth Management and Nalls Sherbakoff. They manage $103 billion and $103 billion respectively.

Joe Lonsdale investment strategy

Formation8 Gp’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Technology — making up 48.0% of the total portfolio value. The fund focuses on investments in the United States as 75.0% 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 approximately 0.1% 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 $1.72 billion.

The complete list of Formation8 Gp trades based on 13F SEC filings

These positions were updated on February 9th 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
Oscar Health, Inc.	29.46% 5,189,028	$47,479,606,000	46.23%
Blend Labs, Inc.	Opened 16,220,511	$41,362,303,000	40.27%
Riskified Ltd.	Opened 1,698,600	$7,949,448,000	7.74%
ContextLogic Inc.	Opened 995,330	$5,922,214,000	5.77%
ContextLogic Inc.	Closed 63,386,126	$834,795,000
No transactions found
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