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.
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.
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..
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.
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.
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.
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 | |||
| Showing first 500 out of 18 holdings | |||