Technology Crossover Management X 13F annual report

Technology Crossover Management X is an investment fund managing more than $849 billion ran by Frederic Fenton. There are currently 6 companies in Mr. Fenton’s portfolio. The largest investments include Nu Holdings Limited and Rocket Companies, together worth $790 billion.

$849 billion Assets Under Management (AUM)

As of 2nd February 2024, Technology Crossover Management X’s top holding is 87,158,512 shares of Nu Holdings Limited currently worth over $726 billion and making up 85.5% of the portfolio value. In addition, the fund holds 4,450,000 shares of Rocket Companies worth $64.4 billion, whose value grew 1.6% in the past six months. The third-largest holding is GitLab worth $20.5 billion and the next is Peloton Interactive Inc worth $15.5 billion, with 2,541,626 shares owned.

Currently, Technology Crossover Management X's portfolio is worth at least $849 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 Technology Crossover Management X

The Technology Crossover Management X office and employees reside in Menlo Park, California. According to the last 13-F report filed with the SEC, Frederic Fenton serves as the Authorized Signatory at Technology Crossover Management X.

Recent trades

There are companies that Technology Crossover Management X is getting rid of from its portfolio. Technology Crossover Management X closed its position in Hashicorp, Inc. on 9th February 2024. It sold the previously owned 12,500 shares for $327 million. Frederic Fenton also disclosed a decreased stake in Nu Holdings Limited by 0.3%. This leaves the value of the investment at $726 billion and 87,158,512 shares.

One of the average hedge funds

The two most similar investment funds to Technology Crossover Management X are Creative Financial Designs Inc adv and Htlf Bank. They manage $850 billion and $848 billion respectively.

Frederic Fenton investment strategy

Technology Crossover Management X’s portfolio is diversified across 5 sectors. Currently, their heaviest sector is Finance — making up 7.6% of the total portfolio value. The fund focuses on investments in the United States as 83.3% 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 $4.77 billion.

The complete list of Technology Crossover Management X 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
Nu Holdings Limited	25.00% 87,158,512	$726,030,405,000	85.53%
Rocket Companies, Inc.	No change 4,450,000	$64,436,000,000	7.59%
GitLab Inc.	No change 325,000	$20,462,000,000	2.41%
Peloton Interactive Inc	No change 2,541,626	$15,478,502,000	1.82%
Toast, Inc.	No change 625,000	$11,412,500,000	1.34%
GoodRx Holdings, Inc.	No change 1,653,566	$11,078,892,000	1.31%
Hashicorp, Inc.	Closed 12,500	$327,250,000
No transactions found
Showing first 500 out of 7 holdings