Fairbanks Capital Management 13F annual report
Fairbanks Capital Management is an investment fund managing more than $145 billion ran by Natalie Rones. There are currently 52 companies in Mrs. Rones’s portfolio. The largest investments include Qualcomm and Transdigm, together worth $26.8 billion.
$145 billion Assets Under Management (AUM)
As of 9th May 2024, Fairbanks Capital Management’s top holding is 79,272 shares of Qualcomm currently worth over $13.4 billion and making up 9.3% of the portfolio value.
Relative to the number of outstanding shares of Qualcomm, Fairbanks Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 10,873 shares of Transdigm worth $13.4 billion, whose value grew 30.6% in the past six months.
The third-largest holding is Nexstar Media Inc worth $8.8 billion and the next is Alliance Res Partner L P worth $5.82 billion, with 290,149 shares owned.
Currently, Fairbanks Capital Management's portfolio is worth at least $145 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 Fairbanks Capital Management
The Fairbanks Capital Management office and employees reside in Rancho Santa Fe, California. According to the last 13-F report filed with the SEC, Natalie Rones serves as the Client Service Manager at Fairbanks Capital Management.
Recent trades
In the most recent 13F filing, Fairbanks Capital Management revealed that it had opened a new position in
GFL Environmental and bought 32,226 shares worth $1.11 billion.
This means they effectively own approximately 0.1% of the company.
GFL Environmental makes up
5.0%
of the fund's Industrials sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Alliance Res Partner L P by buying
3,724 additional shares.
This makes their stake in Alliance Res Partner L P total 290,149 shares worth $5.82 billion.
On the other hand, there are companies that Fairbanks Capital Management is getting rid of from its portfolio.
Fairbanks Capital Management closed its position in Palantir Technologies on 16th May 2024.
It sold the previously owned 23,000 shares for $395 million.
Natalie Rones also disclosed a decreased stake in Qualcomm by 0.1%.
This leaves the value of the investment at $13.4 billion and 79,272 shares.
One of the smallest hedge funds
The two most similar investment funds to Fairbanks Capital Management are Miller Value Partners and Udine Wealth Management, Inc. They manage $145 billion and $145 billion respectively.
Natalie Rones investment strategy
Fairbanks Capital Management’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Technology — making up 23.2% of
the total portfolio value.
The fund focuses on investments in the United States as
63.5% 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
62% of the total holdings value.
On the other hand, small-cap stocks make up only 3.8% of the portfolio.
The average market cap of the portfolio companies is close to $227 billion.
The complete list of Fairbanks Capital Management trades based on 13F SEC filings
These positions were updated on May 16th 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 |
|---|---|---|---|
| Qualcomm, Inc. |
13.16%
79,272
|
$13,420,800,000 | 9.25% |
| Transdigm Group Incorporated |
9.99%
10,873
|
$13,391,186,000 | 9.23% |
| Nexstar Media Group Inc |
4.83%
51,058
|
$8,796,782,000 | 6.07% |
| Alliance Res Partner L P |
1.30%
290,149
|
$5,817,487,000 | 4.01% |
| Suncor Energy, Inc. |
4.64%
149,710
|
$5,525,796,000 | 3.81% |
| Mastercard Incorporated |
4.12%
10,815
|
$5,208,179,000 | 3.59% |
| Church Dwight Inc |
9.48%
49,234
|
$5,135,598,000 | 3.54% |
| Visa Inc |
4.24%
16,590
|
$4,629,937,000 | 3.19% |
| Amazon.com Inc. |
0.85%
25,469
|
$4,594,098,000 | 3.17% |
| Equifax, Inc. |
18.77%
16,971
|
$4,540,081,000 | 3.13% |
| Alphabet Inc |
1.45%
28,568
|
$4,346,730,000 | 3.00% |
| Microsoft Corporation |
1.19%
9,453
|
$3,977,228,000 | 2.74% |
| Broadcom Inc. |
19.32%
2,794
|
$3,703,195,000 | 2.55% |
| Intuit Inc |
2.69%
5,642
|
$3,667,300,000 | 2.53% |
| Booking Holdings Inc |
1.59%
989
|
$3,587,990,000 | 2.47% |
| Unitedhealth Group Inc |
1.34%
6,896
|
$3,411,451,000 | 2.35% |
| Jazz Pharmaceuticals plc |
2.14%
25,934
|
$3,122,972,000 | 2.15% |
| Facebook Inc |
15.44%
5,537
|
$2,688,656,000 | 1.85% |
| Taiwan Semiconductor Mfg Ltd |
1.55%
19,705
|
$2,680,865,000 | 1.85% |
| Fiserv, Inc. |
13.41%
15,004
|
$2,397,939,000 | 1.65% |
| Gamestop Corporation |
0.05%
182,669
|
$2,287,015,000 | 1.58% |
| Costco Whsl Corp New |
1.83%
3,108
|
$2,277,014,000 | 1.57% |
| Spdr Ser Tr |
No change
29,290
|
$2,726,083,000 | 1.88% |
| Oracle Corp. |
13.01%
17,394
|
$2,184,860,000 | 1.51% |
| Moody's Corp |
1.46%
5,407
|
$2,125,113,000 | 1.47% |
| Apple Inc |
No change
10,943
|
$1,876,505,000 | 1.29% |
| Boston Scientific Corp. |
1.53%
27,167
|
$1,860,667,000 | 1.28% |
| Nasdaq Stock Market Inc |
80.92%
27,857
|
$1,757,776,000 | 1.21% |
| Sherwin-Williams Co. |
1.37%
5,025
|
$1,745,333,000 | 1.20% |
| MSCI Inc |
1.56%
2,840
|
$1,591,678,000 | 1.10% |
| American Tower Corp. |
1.21%
7,481
|
$1,478,170,000 | 1.02% |
| Accenture plc |
1.76%
4,080
|
$1,414,168,000 | 0.98% |
| Dominos Pizza Inc |
1.00%
2,762
|
$1,372,382,000 | 0.95% |
| Constellation Brands Inc-a |
1.44%
5,048
|
$1,371,844,000 | 0.95% |
| IQVIA Holdings Inc |
0.89%
5,319
|
$1,345,121,000 | 0.93% |
| Boeing Co. |
0.07%
6,863
|
$1,324,490,000 | 0.91% |
| Intercontinental Exchange In |
1.95%
8,503
|
$1,168,567,000 | 0.81% |
| GFL Environmental Inc. |
Opened
32,226
|
$1,111,797,000 | 0.77% |
| Disney Walt Co |
27.38%
8,921
|
$1,091,573,000 | 0.75% |
| General Dynamics Corp. |
11.86%
3,678
|
$1,038,998,000 | 0.72% |
| Home Depot, Inc. |
42.86%
2,224
|
$853,126,000 | 0.59% |
| Fastenal Co. |
25.34%
10,257
|
$791,224,000 | 0.55% |
| Starbucks Corp. |
Opened
8,396
|
$767,310,000 | 0.53% |
| Fidelity Natl Info Svcs |
7.51%
9,816
|
$728,150,000 | 0.50% |
| Hershey Company |
Opened
3,704
|
$720,428,000 | 0.50% |
| Dollar Gen Corp New |
44.38%
3,963
|
$618,465,000 | 0.43% |
| Verisign Inc. |
16.78%
3,125
|
$592,218,000 | 0.41% |
| Vail Resorts Inc. |
1.54%
2,500
|
$557,075,000 | 0.38% |
| American Express Co. |
No change
2,101
|
$478,376,000 | 0.33% |
| Gilead Sciences, Inc. |
33.37%
6,110
|
$447,557,000 | 0.31% |
| Palantir Technologies Inc. |
Closed
23,000
|
$394,910,000 | |
| Advanced Micro Devices Inc. |
No change
2,000
|
$360,980,000 | 0.25% |
| Valero Energy Copr |
No change
1,807
|
$308,436,000 | 0.21% |
| Nike, Inc. |
Closed
1,852
|
$201,078,000 | |
| No transactions found | |||
| Showing first 500 out of 54 holdings | |||
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