59 North Capital Management, L.P. 13F annual report

59 North Capital Management, L.P. is an investment fund managing more than $2.03 trillion ran by Michael Bilger. There are currently 14 companies in Mr. Bilger’s portfolio. The largest investments include Aercap Holdings Nv and Western Digital, together worth $529 billion.

$2.03 trillion Assets Under Management (AUM)

As of 7th August 2024, 59 North Capital Management, L.P.’s top holding is 3,232,975 shares of Aercap Holdings Nv currently worth over $301 billion and making up 14.8% of the portfolio value. In addition, the fund holds 3,000,246 shares of Western Digital worth $227 billion, whose value grew 9.8% in the past six months. The third-largest holding is News Corp worth $295 billion and the next is Ferguson Plc New worth $139 billion, with 717,228 shares owned.

Currently, 59 North Capital Management, L.P.'s portfolio is worth at least $2.03 trillion. 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 59 North Capital Management, L.P.

The 59 North Capital Management, L.P. office and employees reside in Houston, Texas. According to the last 13-F report filed with the SEC, Michael Bilger serves as the Authorized Person of the General Partner at 59 North Capital Management, L.P..

Recent trades

In the most recent 13F filing, 59 North Capital Management, L.P. revealed that it had opened a new position in Western Digital and bought 3,000,246 shares worth $227 billion. This means they effectively own approximately 0.1% of the company. Western Digital makes up 100.0% of the fund's Technology sector allocation and has grown its share price by 44.6% in the past year.

The investment fund also strengthened its position in Aercap Holdings Nv by buying 877,507 additional shares. This makes their stake in Aercap Holdings Nv total 3,232,975 shares worth $301 billion.

On the other hand, there are companies that 59 North Capital Management, L.P. is getting rid of from its portfolio. 59 North Capital Management, L.P. closed its position in Ishares Tr on 14th August 2024. It sold the previously owned 1,046,318 shares for $220 billion. Michael Bilger also disclosed a decreased stake in Constellation Energy Corp by 0.2%. This leaves the value of the investment at $137 billion and 684,391 shares.

One of the largest hedge funds

The two most similar investment funds to 59 North Capital Management, L.P. are Armstrong Henry H Associates Inc and Centiva Capital, L.P.. They manage $2.03 trillion and $2.03 trillion respectively.

Michael Bilger investment strategy

59 North Capital Management, L.P.’s portfolio is diversified across 5 sectors. Currently, their heaviest sector is Communication Services — making up 14.5% of the total portfolio value. The fund focuses on investments in the United States as 35.7% 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 36% 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 $22 billion.

The complete list of 59 North Capital Management, L.P. trades based on 13F SEC filings

These positions were updated on August 14th 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
Aercap Holdings Nv	37.25% 3,232,975	$301,313,270,000	14.85%
Western Digital Corp.	Opened 3,000,246	$227,328,639,000	11.20%
News Corp	46.50% 10,633,807	$295,236,325,000	14.55%
Ishares Tr	Closed 1,046,318	$220,040,675,000
Ferguson Plc New	3.85% 717,228	$138,891,202,000	6.84%
Constellation Energy Corp	15.60% 684,391	$137,062,986,000	6.75%
Louisiana Pac Corp	Opened 1,573,693	$129,562,145,000	6.38%
Six Flags Entmt Corp New	Opened 3,773,762	$125,062,473,000	6.16%
Axalta Coating Sys Ltd	8.91% 3,466,378	$118,446,136,000	5.84%
Spdr Ser Tr	24.06% 759,262	$110,449,843,000	5.44%
Cemex Sab De Cv	188.17% 16,971,011	$108,444,760,000	5.34%
American Homes 4 Rent	1.57% 2,444,362	$90,832,492,000	4.48%
Lamar Advertising Co	126.93% 755,402	$90,293,201,000	4.45%
HCA Healthcare Inc	34.76% 274,427	$88,167,907,000	4.34%
Knife River Corp	15.23% 973,761	$68,299,597,000	3.37%
Msc Indl Direct Inc	Closed 477,056	$46,293,514,000
Mdu Res Group Inc	Closed 1,158,621	$29,197,249,000
Liberty Media Corp.	Closed 532,647	$23,340,592,000
No transactions found
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