Fractal Investments 13F annual report
Fractal Investments is an investment fund managing more than $498 billion ran by Chun Cao. There are currently 79 companies in Cao’s portfolio. The largest investments include MPLX LP and Energy Transfer L P, together worth $163 billion.
$498 billion Assets Under Management (AUM)
As of 23rd July 2024, Fractal Investments’s top holding is 1,910,849 shares of MPLX LP currently worth over $81.4 billion and making up 16.3% of the portfolio value.
Relative to the number of outstanding shares of MPLX LP, Fractal Investments owns more than approximately 0.1% of the company.
In addition, the fund holds 5,009,543 shares of Energy Transfer L P worth $81.3 billion.
The third-largest holding is Enterprise Prods Partners L worth $63.2 billion and the next is Western Midstream Partners L worth $55.2 billion, with 1,390,561 shares owned.
Currently, Fractal Investments's portfolio is worth at least $498 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 Fractal Investments
The Fractal Investments office and employees reside in Glastonbury, Connecticut. According to the last 13-F report filed with the SEC, Chun Cao serves as the CCO at Fractal Investments.
Recent trades
In the most recent 13F filing, Fractal Investments revealed that it had opened a new position in
TC and bought 249,000 shares worth $9.44 billion.
This means they effectively own approximately 0.1% of the company.
TC makes up
4.4%
of the fund's Energy sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in MPLX LP by buying
152,000 additional shares.
This makes their stake in MPLX LP total 1,910,849 shares worth $81.4 billion.
MPLX LP dropped approximately 0.1% in the past year.
On the other hand, there are companies that Fractal Investments is getting rid of from its portfolio.
Fractal Investments closed its position in Fortrea Hldgs Inc on 30th July 2024.
It sold the previously owned 7,000 shares for $281 million.
Chun Cao also disclosed a decreased stake in Energy Transfer L P by approximately 0.1%.
This leaves the value of the investment at $81.3 billion and 5,009,543 shares.
One of the average hedge funds
The two most similar investment funds to Fractal Investments are Blue Owl Capital L.P. and Act Two Investors. They manage $498 billion and $498 billion respectively.
Chun Cao investment strategy
Fractal Investments’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Energy — making up 42.7% of
the total portfolio value.
The fund focuses on investments in the United States as
53.2% 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
49% 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 $46.4 billion.
The complete list of Fractal Investments trades based on 13F SEC filings
These positions were updated on July 30th 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 |
|---|---|---|---|
| MPLX LP |
8.64%
1,910,849
|
$81,383,059,000 | 16.34% |
| Energy Transfer L P |
8.69%
5,009,543
|
$81,254,787,000 | 16.32% |
| Enterprise Prods Partners L |
No change
2,181,309
|
$63,214,335,000 | 12.70% |
| Western Midstream Partners L |
No change
1,390,561
|
$55,246,989,000 | 11.10% |
| Sunoco Lp/sunoco Fin Corp |
177.97%
672,682
|
$38,033,440,000 | 7.64% |
| Enlink Midstream LLC |
No change
2,177,607
|
$29,963,872,000 | 6.02% |
| Targa Res Corp |
12.92%
182,145
|
$23,456,633,000 | 4.71% |
| Oneok Inc. |
No change
257,775
|
$21,021,551,000 | 4.22% |
| Williams Cos Inc |
No change
370,000
|
$15,725,000,000 | 3.16% |
| Kinder Morgan Inc |
No change
499,468
|
$9,924,429,000 | 1.99% |
| Cheniere Energy Partners LP |
No change
194,126
|
$9,533,528,000 | 1.91% |
| TC Energy Corporation |
Opened
249,000
|
$9,437,100,000 | 1.90% |
| Global Partners LP |
No change
195,234
|
$8,908,527,000 | 1.79% |
| Hess Midstream LP |
No change
235,247
|
$8,572,401,000 | 1.72% |
| Cheniere Energy Inc. |
50.67%
45,200
|
$7,902,316,000 | 1.59% |
| NGL Energy Partners LP |
No change
832,479
|
$4,212,344,000 | 0.85% |
| Dt Midstream Inc |
No change
33,390
|
$2,371,692,000 | 0.48% |
| Summit Midstream Partners LP |
Opened
45,000
|
$1,600,200,000 | 0.32% |
| Kinetik Holdings Inc |
No change
27,502
|
$1,139,683,000 | 0.23% |
| HF Sinclair Corporation |
No change
20,223
|
$1,078,695,000 | 0.22% |
| Ge Healthcare Technologies I |
No change
12,601
|
$981,870,000 | 0.20% |
| nVent Electric plc |
No change
12,497
|
$957,395,000 | 0.19% |
| Exxon Mobil Corp. |
17.33%
7,861
|
$904,958,000 | 0.18% |
| Otis Worldwide Corporation |
No change
9,400
|
$904,844,000 | 0.18% |
| Teck Resources Ltd |
No change
16,218
|
$776,842,000 | 0.16% |
| Veralto Corp |
56.00%
7,800
|
$744,666,000 | 0.15% |
| Freeport-McMoRan Inc |
30.26%
15,068
|
$732,305,000 | 0.15% |
| Crane Co |
No change
4,900
|
$710,402,000 | 0.14% |
| Steel Dynamics Inc. |
No change
5,437
|
$704,092,000 | 0.14% |
| Marathon Pete Corp |
No change
4,011
|
$695,828,000 | 0.14% |
| Chevron Corp. |
No change
4,200
|
$656,964,000 | 0.13% |
| Carrier Global Corporation |
No change
10,316
|
$650,733,000 | 0.13% |
| Esab Corporation |
No change
5,777
|
$545,522,000 | 0.11% |
| Rio Tinto plc |
No change
8,200
|
$540,626,000 | 0.11% |
| Phinia Inc |
76.00%
13,200
|
$519,552,000 | 0.10% |
| Bhp Group Ltd |
No change
9,000
|
$513,810,000 | 0.10% |
| Knife River Corp |
41.21%
6,702
|
$470,078,000 | 0.09% |
| Organon & Co |
No change
22,000
|
$455,400,000 | 0.09% |
| Southern Copper Corporation |
1.02%
4,142
|
$446,259,000 | 0.09% |
| United States Stl Corp New |
No change
11,700
|
$442,260,000 | 0.09% |
| Masterbrand Inc |
24.80%
29,328
|
$430,535,000 | 0.09% |
| Delek Logistics Partners LP |
No change
10,559
|
$427,428,000 | 0.09% |
| Conocophillips |
No change
3,600
|
$411,768,000 | 0.08% |
| Cf Inds Hldgs Inc |
No change
5,100
|
$378,012,000 | 0.08% |
| International Paper Co. |
No change
8,500
|
$366,775,000 | 0.07% |
| Crane Nxt Co |
No change
5,880
|
$361,150,000 | 0.07% |
| Phillips 66 |
No change
2,500
|
$352,925,000 | 0.07% |
| Ncr Atleos Corporation |
Opened
12,700
|
$343,154,000 | 0.07% |
| Rxo Inc |
No change
13,083
|
$342,120,000 | 0.07% |
| Valero Energy Corp. |
No change
2,000
|
$313,520,000 | 0.06% |
| Vontier Corporation |
51.75%
8,202
|
$313,316,000 | 0.06% |
| Nucor Corp. |
62.81%
1,868
|
$295,293,000 | 0.06% |
| Reliance Inc. |
No change
1,000
|
$285,600,000 | 0.06% |
| Ftai Infrastructure Inc |
No change
33,000
|
$284,790,000 | 0.06% |
| Fortrea Hldgs Inc |
Closed
7,000
|
$280,980,000 | |
| Mueller Inds Inc |
No change
4,926
|
$280,486,000 | 0.06% |
| Fortive Corp |
Closed
3,100
|
$266,662,000 | |
| Aramark |
Opened
7,800
|
$265,356,000 | 0.05% |
| Trane Technologies plc |
No change
800
|
$263,144,000 | 0.05% |
| General Mtrs Co |
No change
5,600
|
$260,176,000 | 0.05% |
| Bunge Global SA |
No change
2,400
|
$256,248,000 | 0.05% |
| 3M Co. |
Opened
2,500
|
$255,475,000 | 0.05% |
| GE Aerospace |
No change
1,600
|
$254,352,000 | 0.05% |
| Eaton Corp Plc |
No change
800
|
$250,840,000 | 0.05% |
| Transdigm Group Incorporated |
No change
195
|
$249,134,000 | 0.05% |
| Suncor Energy, Inc. |
No change
6,400
|
$243,840,000 | 0.05% |
| Halliburton Co. |
No change
7,200
|
$243,216,000 | 0.05% |
| Gold Fields Ltd |
Opened
16,000
|
$238,400,000 | 0.05% |
| Caterpillar Inc. |
No change
700
|
$233,170,000 | 0.05% |
| Westlake Corporation |
No change
1,600
|
$231,712,000 | 0.05% |
| APA Corporation |
No change
7,764
|
$228,572,000 | 0.05% |
| Ingersoll Rand Inc. |
No change
2,500
|
$227,100,000 | 0.05% |
| Deere & Co. |
No change
600
|
$224,178,000 | 0.05% |
| Carlisle Cos Inc |
Closed
570
|
$223,354,000 | |
| Mohawk Inds Inc |
Closed
1,700
|
$222,513,000 | |
| Parker-Hannifin Corp. |
No change
430
|
$217,498,000 | 0.04% |
| Agnico Eagle Mines Ltd |
Opened
3,309
|
$216,409,000 | 0.04% |
| Illinois Tool Wks Inc |
Closed
800
|
$214,664,000 | |
| Kellanova Co |
Opened
3,600
|
$207,648,000 | 0.04% |
| Barrick Gold Corp. |
No change
12,400
|
$206,832,000 | 0.04% |
| CSX Corp. |
No change
6,000
|
$200,700,000 | 0.04% |
| SunCoke Energy Inc |
No change
19,200
|
$188,160,000 | 0.04% |
| Haleon Plc |
Closed
21,106
|
$179,190,000 | |
| Vestis Corporation |
No change
12,012
|
$146,907,000 | 0.03% |
| Gerdau Sa |
20.00%
33,264
|
$109,771,000 | 0.02% |
| No transactions found | |||
| Showing first 500 out of 85 holdings | |||
Hedge funds similar to Fractal Investments
- Realta Investment Advisors
- Peak Asset Management
- Sanders Morris Harris
- Greystone
- Wedgewood Partners Inc
- Capital Management Corp va
- Ica Wealth Management
- Blue Owl Capital L.P.
- Act Two Investors
- South Street Advisors
- Iag Wealth Partners
- Erts Wealth Advisors
- Pax
- Evolution Wealth Advisors