Jat Capital Mgmt L.P. 13F annual report
Jat Capital Mgmt L.P. is an investment fund managing more than $732 billion ran by Ken Palumbo. There are currently 32 companies in Mr. Palumbo’s portfolio. The largest investments include Beyond Inc and Advanced Micro Devices, together worth $230 billion.
$732 billion Assets Under Management (AUM)
As of 8th May 2024, Jat Capital Mgmt L.P.’s top holding is 3,823,062 shares of Beyond Inc currently worth over $137 billion and making up 18.8% of the portfolio value.
Relative to the number of outstanding shares of Beyond Inc, Jat Capital Mgmt L.P. owns less than approximately 0.1% of the company.
In addition, the fund holds 515,657 shares of Advanced Micro Devices worth $93.1 billion, whose value grew 29.8% in the past six months.
The third-largest holding is Western Digital worth $72.7 billion and the next is Salesforce Inc worth $61.6 billion, with 204,643 shares owned.
Currently, Jat Capital Mgmt L.P.'s portfolio is worth at least $732 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 Jat Capital Mgmt L.P.
The Jat Capital Mgmt L.P. office and employees reside in Greenwich, Connecticut. According to the last 13-F report filed with the SEC, Ken Palumbo serves as the Chief Compliance Officer and Chief Operating Officer at Jat Capital Mgmt L.P..
Recent trades
In the most recent 13F filing, Jat Capital Mgmt L.P. revealed that it had opened a new position in
Advanced Micro Devices and bought 515,657 shares worth $93.1 billion.
This means they effectively own approximately 0.1% of the company.
Advanced Micro Devices makes up
22.0%
of the fund's Technology sector allocation and has grown its share price by 57.2% in the past year.
The investment fund also strengthened its position in Beyond Inc by buying
3,730,439 additional shares.
This makes their stake in Beyond Inc total 3,823,062 shares worth $137 billion.
Beyond Inc dropped 15.8% in the past year.
On the other hand, there are companies that Jat Capital Mgmt L.P. is getting rid of from its portfolio.
Jat Capital Mgmt L.P. closed its position in Dave Busters Entmt Inc on 15th May 2024.
It sold the previously owned 1,537,338 shares for $47.7 million.
Ken Palumbo also disclosed a decreased stake in DraftKings by 0.6%.
This leaves the value of the investment at $21.1 billion and 464,614 shares.
One of the average hedge funds
The two most similar investment funds to Jat Capital Mgmt L.P. are Minneapolis Portfolio Management and M.d. Sass. They manage $732 billion and $732 billion respectively.
Ken Palumbo investment strategy
Jat Capital Mgmt L.P.’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Technology — making up 57.8% of
the total portfolio value.
The fund focuses on investments in the United States as
75.0% 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
53% of the total holdings value.
On the other hand, small-cap stocks make up only 3.1% of the portfolio.
The average market cap of the portfolio companies is close to $132 billion.
The complete list of Jat Capital Mgmt L.P. trades based on 13F SEC filings
These positions were updated on May 15th 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 |
|---|---|---|---|
| Beyond Inc |
4,027.55%
3,823,062
|
$137,286,156,000 | 18.77% |
| Advanced Micro Devices Inc. |
Opened
515,657
|
$93,070,932,000 | 12.72% |
| Western Digital Corp. |
Opened
1,065,574
|
$72,714,770,000 | 9.94% |
| Salesforce Inc |
Opened
204,643
|
$61,634,379,000 | 8.43% |
| Pinterest Inc |
102.85%
1,460,735
|
$50,643,682,000 | 6.92% |
| Lightspeed Commerce Inc |
Opened
3,128,085
|
$43,980,875,000 | 6.01% |
| Roblox Corporation |
4,450.00%
1,092,000
|
$41,692,560,000 | 5.70% |
| Marvell Technology Inc |
Opened
452,083
|
$32,043,643,000 | 4.38% |
| Meta Platforms Inc |
47.75%
47,997
|
$23,306,383,000 | 3.19% |
| MongoDB Inc |
Opened
59,450
|
$21,321,148,000 | 2.91% |
| DraftKings Inc. |
60.73%
464,614
|
$21,098,122,000 | 2.88% |
| NVIDIA Corp |
80.63%
20,945
|
$18,925,064,000 | 2.59% |
| Spotify Technology S.A. |
Opened
45,128
|
$11,909,279,000 | 1.63% |
| Micron Technology Inc. |
525.00%
100,000
|
$11,789,000,000 | 1.61% |
| Coupang, Inc. |
Opened
561,000
|
$9,980,190,000 | 1.36% |
| Carvana Co. |
Opened
108,264
|
$9,517,488,000 | 1.30% |
| Avis Budget Group Inc |
Opened
75,705
|
$9,270,834,000 | 1.27% |
| Applovin Corp |
Opened
121,690
|
$8,423,382,000 | 1.15% |
| Roku Inc |
117.46%
121,645
|
$7,927,605,000 | 1.08% |
| Impinj Inc |
Opened
57,839
|
$7,427,106,000 | 1.02% |
| Match Group Inc. |
27.01%
200,667
|
$7,280,199,000 | 1.00% |
| Caesars Entertainment Inc Ne |
Opened
123,770
|
$5,413,700,000 | 0.74% |
| Nexstar Media Group Inc |
Opened
28,382
|
$4,889,935,000 | 0.67% |
| Microsoft Corporation |
58.64%
11,370
|
$4,783,586,000 | 0.65% |
| Netflix Inc. |
3.45%
6,000
|
$3,643,980,000 | 0.50% |
| EchoStar Corp |
Opened
187,302
|
$2,669,054,000 | 0.36% |
| GitLab Inc. |
Opened
34,500
|
$2,012,040,000 | 0.28% |
| Reddit Inc |
Opened
40,000
|
$1,972,800,000 | 0.27% |
| Royal Caribbean Group |
Opened
11,329
|
$1,574,844,000 | 0.22% |
| Super Micro Computer Inc |
Opened
1,500
|
$1,515,045,000 | 0.21% |
| Maplebear Inc |
Opened
25,279
|
$942,654,000 | 0.13% |
| Signet Jewelers Limited |
Opened
8,826
|
$883,218,000 | 0.12% |
| Dave Busters Entmt Inc |
Closed
1,537,338
|
$47,704,000 | |
| Seaworld Entmt Inc |
Closed
393,997
|
$17,931,000 | |
| PayPal Holdings Inc |
Closed
149,286
|
$12,849,000 | |
| Amazon.com Inc. |
Closed
100,940
|
$11,406,000 | |
| Nike, Inc. |
Closed
125,000
|
$10,390,000 | |
| Adobe Systems Incorporated |
Closed
33,110
|
$9,112,000 | |
| Taiwan Semiconductor Mfg Ltd |
Closed
128,181
|
$8,788,000 | |
| Booking Holdings Inc |
Closed
5,279
|
$8,675,000 | |
| Alphabet Inc |
Closed
89,649
|
$8,575,000 | |
| Rumble Inc |
Closed
597,423
|
$7,318,000 | |
| Ollies Bargain Outlet Hldgs |
Closed
134,741
|
$6,953,000 | |
| Dish Network Corporation |
Closed
469,707
|
$6,496,000 | |
| iHeartMedia, Inc. |
Closed
823,478
|
$6,036,000 | |
| Zillow Group Inc |
Closed
175,000
|
$5,010,000 | |
| Snowflake Inc. |
Closed
24,499
|
$4,164,000 | |
| Cloudflare Inc |
Closed
73,416
|
$4,061,000 | |
| ZoomInfo Technologies Inc. |
Closed
95,066
|
$3,960,000 | |
| Barclays Bank PLC |
Closed
178,543
|
$3,787,000 | |
| Twitter Inc |
Closed
75,000
|
$3,288,000 | |
| Intuit Inc |
Closed
6,553
|
$2,538,000 | |
| Bumble Inc |
Closed
24,831
|
$534,000 | |
| No transactions found | |||
| Showing first 500 out of 53 holdings | |||
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