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.

Limited to 30 biggest holdings

$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