Firstmark Capital Of I Gp 13F annual report

Firstmark Capital Of I Gp is an investment fund managing more than $43.1 million ran by Eric Cheung. There are currently 2 companies in Mr. Cheung’s portfolio. The largest investments include DraftKings and Airbnb, together worth $43.1 million.

$43.1 million Assets Under Management (AUM)

As of 5th November 2021, Firstmark Capital Of I Gp’s top holding is 697,819 shares of DraftKings currently worth over $33.6 million and making up 78.0% of the portfolio value. Relative to the number of outstanding shares of DraftKings, Firstmark Capital Of I Gp owns more than approximately 0.1% of the company. In addition, the fund holds 56,355 shares of Airbnb worth $9.45 million, whose value grew 37.1% in the past six months.

Currently, Firstmark Capital Of I Gp's portfolio is worth at least $43.1 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 Firstmark Capital Of I Gp

The Firstmark Capital Of I Gp office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Eric Cheung serves as the General Counsel at Firstmark Capital Of I Gp.

Recent trades

In the most recent 13F filing, Firstmark Capital Of I Gp revealed that it had increased its stake in Airbnb and bought 4,485 additional shares worth around $922 thousand. This means they effectively own approximately 0.1% of the company. Airbnb makes up 100.0% of the fund's Communication Services sector allocation and has decreased its share price by approximately 0.1% in the past year.

On the other hand, there are companies that Firstmark Capital Of I Gp is getting rid of from its portfolio. Firstmark Capital Of I Gp closed its position in Uber Technologies Inc on 12th November 2021. It sold the previously owned 13,324 shares for $668 thousand. Eric Cheung also disclosed a decreased stake in DraftKings by 0.5%. This leaves the value of the investment at $33.6 million and 697,819 shares.

One of the smallest hedge funds

The two most similar investment funds to Firstmark Capital Of I Gp are Caspian Capital L.P. and Clover Partners, L.P.. They manage $43 million and $43.1 million respectively.

Eric Cheung investment strategy

Firstmark Capital Of I Gp’s portfolio is diversified across 2 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 78.0% of the total portfolio value. The fund focuses on investments in the United States as 100.0% 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 100% 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 $71.4 billion.

The complete list of Firstmark Capital Of I Gp trades based on 13F SEC filings

These positions were updated on November 12th 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
DraftKings Inc.	50.00% 697,819	$33,607,000	78.05%
Airbnb, Inc.	8.65% 56,355	$9,454,000	21.95%
Uber Technologies Inc	Closed 13,324	$668,000
No transactions found
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