Madryn Asset Management, L.P. 13F annual report

Madryn Asset Management, L.P. is an investment fund managing more than $75 million ran by Matthew Girandola. There are currently 4 companies in Mr. Girandola’s portfolio. The largest investments include Establishment Labs Inc and Somalogic Inc, together worth $68.6 million.

$75 million Assets Under Management (AUM)

As of 5th May 2023, Madryn Asset Management, L.P.’s top holding is 732,000 shares of Establishment Labs Inc currently worth over $49.6 million and making up 66.1% of the portfolio value. Relative to the number of outstanding shares of Establishment Labs Inc, Madryn Asset Management, L.P. owns more than approximately 0.1% of the company. In addition, the fund holds 7,469,202 shares of Somalogic Inc worth $19 million. The third-largest holding is Greenbrook Tms worth $6.01 million and the next is Venus Concept worth $369 thousand, with 1,680,598 shares owned.

Currently, Madryn Asset Management, L.P.'s portfolio is worth at least $75 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 Madryn Asset Management, L.P.

The Madryn Asset Management, L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Matthew Girandola serves as the CHIEF COMPLIANCE OFFICER at Madryn Asset Management, L.P..

Recent trades

In the most recent 13F filing, Madryn Asset Management, L.P. revealed that it had opened a new position in Greenbrook Tms and bought 6,363,636 shares worth $6.01 million.

On the other hand, Matthew Girandola disclosed a decreased stake in Somalogic Inc by approximately 0.1%. This leaves the value of the investment at $19 million and 7,469,202 shares.

One of the smallest hedge funds

The two most similar investment funds to Madryn Asset Management, L.P. are Msd Capital L P and Paradigm Capital Management, nv. They manage $75 million and $75.1 million respectively.

Matthew Girandola investment strategy

Madryn Asset Management, L.P.’s portfolio is diversified across 2 sectors. Currently, their heaviest sector is Health Care — making up 66.6% of the total portfolio value. The fund focuses on investments in the Costa Rica as 25.0% of the portfolio companies are based in the Costa Rica.

The majority of the companies in the fund’s portfolio are small-cap stocks. Stocks with a size of more than $100 million in market cap make up 25% of the total holdings value. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $813 million.

The complete list of Madryn Asset Management, L.P. trades based on 13F SEC filings

These positions were updated on May 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
Establishment Labs Holdings Inc	No change 732,000	$49,586,000	66.10%
Somalogic Inc	5.20% 7,469,202	$19,047,000	25.39%
Greenbrook Tms	Opened 6,363,636	$6,014,000	8.02%
Venus Concept Inc.	No change 1,680,598	$369,000	0.49%
No transactions found
Showing first 500 out of 4 holdings