Sonen Capital 13F annual report
Sonen Capital is an investment fund managing more than $50.9 billion ran by Robert Goldstein. There are currently 74 companies in Mr. Goldstein’s portfolio. The largest investments include Merck & Co Inc and Microsoft, together worth $10.5 billion.
$50.9 billion Assets Under Management (AUM)
As of 2nd November 2023, Sonen Capital’s top holding is 70,558 shares of Merck & Co Inc currently worth over $7.32 billion and making up 14.4% of the portfolio value.
Relative to the number of outstanding shares of Merck & Co Inc, Sonen Capital owns more than approximately 0.1% of the company.
In addition, the fund holds 10,132 shares of Microsoft worth $3.2 billion, whose value grew 18.3% in the past six months.
The third-largest holding is Amazon.com worth $1.93 billion and the next is Applied Matls Inc worth $1.39 billion, with 10,019 shares owned.
Currently, Sonen Capital's portfolio is worth at least $50.9 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 Sonen Capital
The Sonen Capital office and employees reside in San Francisco, California. According to the last 13-F report filed with the SEC, Robert Goldstein serves as the Chief Executive Officer at Sonen Capital.
Recent trades
In the most recent 13F filing, Sonen Capital revealed that it had opened a new position in
Merck & Co Inc and bought 70,558 shares worth $7.32 billion.
This means they effectively own approximately 0.1% of the company.
Merck & Co Inc makes up
53.5%
of the fund's Health Care sector allocation and has grown its share price by 2.8% in the past year.
The investment fund also strengthened its position in Xylem Inc by buying
2,115 additional shares.
This makes their stake in Xylem Inc total 12,673 shares worth $1.15 billion.
Xylem Inc dropped 8.1% in the past year.
On the other hand, there are companies that Sonen Capital is getting rid of from its portfolio.
Sonen Capital closed its position in Enterprise Finl Svcs Corp on 9th November 2023.
It sold the previously owned 17,000 shares for $832 million.
Robert Goldstein also disclosed a decreased stake in Microsoft by approximately 0.1%.
This leaves the value of the investment at $3.2 billion and 10,132 shares.
One of the smallest hedge funds
The two most similar investment funds to Sonen Capital are Roumell Asset Management and Trilantic Capital Management L.P.. They manage $50.9 billion and $50.7 billion respectively.
Robert Goldstein investment strategy
Sonen Capital’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Health Care — making up 26.9% of
the total portfolio value.
The fund focuses on investments in the United States as
70.3% 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
59% 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 $180 billion.
The complete list of Sonen Capital trades based on 13F SEC filings
These positions were updated on November 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 |
|---|---|---|---|
| Merck & Co Inc |
Opened
70,558
|
$7,315,453,000 | 14.36% |
| Microsoft Corporation |
0.42%
10,132
|
$3,199,179,000 | 6.28% |
| Amazon.com Inc. |
17.62%
15,211
|
$1,933,623,000 | 3.80% |
| Applied Matls Inc |
12.28%
10,019
|
$1,387,131,000 | 2.72% |
| Airbnb, Inc. |
Opened
9,085
|
$1,246,553,000 | 2.45% |
| Mondelez International Inc. |
72.31%
17,233
|
$1,203,294,000 | 2.36% |
| Xylem Inc |
20.03%
12,673
|
$1,153,624,000 | 2.26% |
| Danaher Corp. |
21.03%
4,385
|
$1,087,919,000 | 2.14% |
| Apple Inc |
19.21%
5,767
|
$987,326,000 | 1.94% |
| Henry Schein Inc. |
30.23%
13,031
|
$967,552,000 | 1.90% |
| Pure Storage Inc |
Opened
25,650
|
$913,653,000 | 1.79% |
| Thermo Fisher Scientific Inc. |
35.11%
1,801
|
$911,616,000 | 1.79% |
| Texas Instrs Inc |
0.47%
5,605
|
$891,251,000 | 1.75% |
| American Wtr Wks Co Inc New |
6.52%
7,072
|
$875,726,000 | 1.72% |
| Alphabet Inc |
1.47%
6,643
|
$869,303,000 | 1.71% |
| Enterprise Finl Svcs Corp |
Closed
17,000
|
$832,320,000 | |
| Analog Devices Inc. |
38.00%
4,730
|
$828,176,000 | 1.63% |
| Altria Group Inc. |
Closed
17,000
|
$793,050,000 | |
| Evans Bancorp Inc |
Closed
21,000
|
$785,190,000 | |
| Horizon Bancorp Inc |
Closed
50,854
|
$766,878,000 | |
| Gartner, Inc. |
27.01%
2,227
|
$765,219,000 | 1.50% |
| Essential Utils Inc |
6.00%
21,589
|
$741,150,000 | 1.45% |
| Fortinet Inc |
23.19%
12,156
|
$713,314,000 | 1.40% |
| Equifax, Inc. |
46.74%
3,814
|
$698,649,000 | 1.37% |
| Webster Finl Corp |
Closed
14,602
|
$691,259,000 | |
| MercadoLibre Inc |
51.09%
516
|
$654,226,000 | 1.28% |
| Jones Lang Lasalle Inc. |
30.23%
4,569
|
$645,051,000 | 1.27% |
| Nutanix Inc |
45.13%
18,118
|
$631,956,000 | 1.24% |
| Cbre Group Inc |
2.95%
8,381
|
$619,021,000 | 1.22% |
| Becton Dickinson & Co. |
26.46%
2,373
|
$613,491,000 | 1.20% |
| AECOM |
22.71%
7,382
|
$613,001,000 | 1.20% |
| Hawthorn Bancshares Inc |
Closed
28,121
|
$612,194,000 | |
| Financial Instns Inc |
Closed
25,000
|
$609,000,000 | |
| Smith A O Corp |
11.00%
9,160
|
$605,750,000 | 1.19% |
| Mastercard Incorporated |
46.64%
1,524
|
$603,367,000 | 1.18% |
| Southern First Bancshares Inc |
Closed
13,000
|
$594,750,000 | |
| Edwards Lifesciences Corp |
Opened
8,282
|
$573,777,000 | 1.13% |
| Roper Technologies Inc |
1.03%
1,175
|
$569,029,000 | 1.12% |
| Old Point Finl Corp |
Closed
20,500
|
$552,680,000 | |
| F.N.B. Corp. |
Closed
42,000
|
$548,100,000 | |
| Schwab Charles Corp |
54.50%
9,937
|
$545,541,000 | 1.07% |
| Community West Bancshares |
13.45%
41,890
|
$544,151,000 | 1.07% |
| Twilio Inc |
14.42%
9,288
|
$543,627,000 | 1.07% |
| Valley Natl Bancorp |
Closed
48,000
|
$542,880,000 | |
| Watsco, Inc. |
12.82%
1,426
|
$538,629,000 | 1.06% |
| Alibaba Group Hldg Ltd |
Closed
5,889
|
$518,762,000 | |
| Visa Inc |
Opened
2,230
|
$512,923,000 | 1.01% |
| Idex Corporation |
Opened
2,457
|
$511,105,000 | 1.00% |
| First Merchants Corp. |
Closed
12,000
|
$493,320,000 | |
| Waters Corp. |
Opened
1,786
|
$489,739,000 | 0.96% |
| NVIDIA Corp |
68.73%
1,094
|
$475,879,000 | 0.93% |
| Ameris Bancorp |
Closed
10,000
|
$471,400,000 | |
| Salesforce Inc |
44.27%
2,319
|
$470,247,000 | 0.92% |
| Comerica, Inc. |
Closed
7,000
|
$467,950,000 | |
| Merchants Bancorp Ind |
Closed
19,000
|
$462,080,000 | |
| Independent Bk Corp Mich |
Closed
19,000
|
$454,480,000 | |
| Carlisle Cos Inc |
7.17%
1,748
|
$453,187,000 | 0.89% |
| PTC Inc |
Closed
3,753
|
$450,510,000 | |
| Advanced Drain Sys Inc Del |
33.98%
3,951
|
$449,742,000 | 0.88% |
| Roblox Corporation |
Opened
15,446
|
$447,316,000 | 0.88% |
| Capital One Finl Corp |
Closed
4,800
|
$446,208,000 | |
| Taiwan Semiconductor Mfg Ltd |
28.12%
5,124
|
$445,722,000 | 0.87% |
| Zions Bancorporation N.A |
Closed
9,000
|
$442,440,000 | |
| Ecolab, Inc. |
29.17%
2,581
|
$437,232,000 | 0.86% |
| First Internet Bancorp |
Closed
18,000
|
$437,040,000 | |
| New York Cmnty Bancorp Inc |
Closed
50,000
|
$430,000,000 | |
| Midland States Bancorp Inc |
Closed
16,000
|
$425,920,000 | |
| HarborOne Bancorp Inc. |
Closed
30,000
|
$417,000,000 | |
| Tetra Tech, Inc. |
Opened
2,619
|
$398,167,000 | 0.78% |
| Avery Dennison Corp. |
20.88%
2,134
|
$389,818,000 | 0.77% |
| Marvell Technology Inc |
No change
7,145
|
$386,759,000 | 0.76% |
| Cooper Cos Inc |
50.33%
1,215
|
$386,382,000 | 0.76% |
| Trimble Inc |
Opened
6,934
|
$373,465,000 | 0.73% |
| Nike, Inc. |
21.83%
3,895
|
$372,474,000 | 0.73% |
| Ishares Tr |
Opened
7,276
|
$717,467,000 | 1.41% |
| Waste Mgmt Inc Del |
25.98%
2,419
|
$368,752,000 | 0.72% |
| Primis Financial Corp |
Closed
31,018
|
$367,563,000 | |
| Synchrony Financial |
Closed
11,000
|
$361,460,000 | |
| Johnson & Johnson |
0.90%
2,316
|
$360,717,000 | 0.71% |
| Meta Platforms Inc |
Opened
1,180
|
$354,248,000 | 0.70% |
| Palo Alto Networks Inc |
55.04%
1,468
|
$344,158,000 | 0.68% |
| Core & Main, Inc. |
44.21%
11,908
|
$343,546,000 | 0.67% |
| Illumina Inc |
Closed
1,689
|
$341,516,000 | |
| Agilent Technologies Inc. |
54.50%
3,050
|
$341,051,000 | 0.67% |
| Stantec Inc |
Opened
5,202
|
$339,010,000 | 0.67% |
| Zebra Technologies Corporati |
8.38%
1,323
|
$312,929,000 | 0.61% |
| Markel Group Inc |
33.54%
212
|
$312,168,000 | 0.61% |
| Lauder Estee Cos Inc |
Closed
1,227
|
$304,431,000 | |
| Stryker Corp. |
No change
1,097
|
$300,600,000 | 0.59% |
| Western Alliance Bancorp |
Closed
5,000
|
$297,800,000 | |
| Arista Networks Inc |
Closed
2,385
|
$289,420,000 | |
| Itron Inc. |
7.66%
4,750
|
$287,755,000 | 0.56% |
| Cognex Corp. |
Closed
6,034
|
$284,262,000 | |
| Fortune Brands Innovations I |
Closed
4,724
|
$269,788,000 | |
| Baxter International Inc. |
56.29%
7,096
|
$267,803,000 | 0.53% |
| Lakeland Bancorp, Inc. |
Closed
15,000
|
$264,150,000 | |
| Nordson Corp. |
Closed
1,102
|
$261,967,000 | |
| Evoqua Water Technologies Corp |
Closed
6,558
|
$259,697,000 | |
| Home Depot, Inc. |
10.46%
839
|
$253,512,000 | 0.50% |
| Costco Whsl Corp New |
No change
446
|
$251,972,000 | 0.49% |
| Veeva Sys Inc |
Opened
1,212
|
$246,581,000 | 0.48% |
| Alkermes plc |
Opened
8,740
|
$244,807,000 | 0.48% |
| Okta Inc |
No change
3,000
|
$244,530,000 | 0.48% |
| Starbucks Corp. |
35.08%
2,646
|
$241,500,000 | 0.47% |
| Pfizer Inc. |
Closed
4,576
|
$234,474,000 | |
| DENTSPLY Sirona Inc |
Closed
7,159
|
$227,954,000 | |
| Abbvie Inc |
3.20%
1,420
|
$211,665,000 | 0.42% |
| Lindsay Corporation |
Opened
1,782
|
$209,706,000 | 0.41% |
| Toast, Inc. |
Closed
11,527
|
$207,832,000 | |
| Pepsico Inc |
Opened
1,194
|
$202,311,000 | 0.40% |
| Companhia De Saneamento Basi |
Opened
13,800
|
$167,256,000 | 0.33% |
| Enel Chile S.A. |
Opened
10,508
|
$31,104,000 | 0.06% |
| No transactions found | |||
| Showing first 500 out of 112 holdings | |||
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