Crystalline Management 13F annual report

Crystalline Management is an investment fund managing more than $55.2 billion ran by Bryan Nunnelley. There are currently 42 companies in Mr. Nunnelley’s portfolio. The largest investments include Tortoiseecofin Acquisition C and Rigel Resource Acq Corp, together worth $9.54 billion.

Limited to 30 biggest holdings

$55.2 billion Assets Under Management (AUM)

As of 1st August 2024, Crystalline Management’s top holding is 458,582 shares of Tortoiseecofin Acquisition C currently worth over $5.01 billion and making up 9.1% of the portfolio value. In addition, the fund holds 400,000 shares of Rigel Resource Acq Corp worth $4.53 billion. The third-largest holding is Monterey Cap Acquisition Cor worth $4.07 billion and the next is Mountain & Co I Acquisitn Co worth $4.07 billion, with 349,401 shares owned.

Currently, Crystalline Management's portfolio is worth at least $55.2 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 Crystalline Management

The Crystalline Management office and employees reside in Montreal, Quebec, Canada (federal Level). According to the last 13-F report filed with the SEC, Bryan Nunnelley serves as the CEO at Crystalline Management.

Recent trades

In the most recent 13F filing, Crystalline Management revealed that it had opened a new position in Tortoiseecofin Acquisition C and bought 458,582 shares worth $5.01 billion.

The investment fund also strengthened its position in Tlgy Acquisition Corporation by buying 100,000 additional shares. This makes their stake in Tlgy Acquisition Corporation total 292,958 shares worth $3.35 billion.

On the other hand, there are companies that Crystalline Management is getting rid of from its portfolio. Crystalline Management closed its position in Enerplus on 8th August 2024. It sold the previously owned 279,839 shares for $5.5 billion. Bryan Nunnelley also disclosed a decreased stake in Axonics Inc by 0.1%. This leaves the value of the investment at $2.02 billion and 30,000 shares.

One of the smallest hedge funds

The two most similar investment funds to Crystalline Management are Arbiter Partners Capital Management and Baker Hughes. They manage $55.2 billion and $55.1 billion respectively.


Bryan Nunnelley investment strategy

Crystalline Management’s portfolio is diversified across 9 sectors. Currently, their heaviest sector is Finance — making up 6.6% of the total portfolio value. The fund focuses on investments in the United States as 28.6% of the portfolio companies are based in the United States.

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 12% of the total holdings value. On the other hand, large-cap stocks make up only 2.4% of the portfolio. The average market cap of the portfolio companies is close to $3.71 billion.

The complete list of Crystalline Management trades based on 13F SEC filings

These positions were updated on August 8th 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
Enerplus Corporation
Closed
279,839
$5,501,635,000
Tortoiseecofin Acquisition C
Opened
458,582
$5,012,301,000 9.08%
Rigel Resource Acq Corp
Opened
400,000
$4,532,000,000 8.21%
Monterey Cap Acquisition Cor
No change
360,502
$4,073,673,000 7.38%
Mountain & Co I Acquisitn Co
No change
349,401
$4,070,522,000 7.37%
Tlgy Acquisition Corporation
51.82%
292,958
$3,354,369,000 6.07%
Hollysys Automation Tchngy L
Closed
108,000
$2,762,640,000
Equitrans Midstream Corporation
1,242.01%
200,000
$2,596,000,000 4.70%
AP Acquisition Corp
Closed
230,065
$2,595,133,000
Global Star Acquisition Inc
Closed
233,247
$2,498,075,000
Ix Acquisition Corp
No change
200,000
$2,277,000,000 4.12%
Golden Star Acquisition Corp
Opened
200,000
$2,162,000,000 3.92%
OCA Acquisition Corp.
No change
192,110
$2,151,632,000 3.90%
Daseke Inc
Closed
249,700
$2,072,510,000
Axonics Inc
10.68%
30,000
$2,016,900,000 3.65%
Embrace Change Acquisitn Cor
Opened
156,489
$1,760,501,000 3.19%
Fortune Rise Acquisition Cor
Opened
150,000
$1,687,500,000 3.06%
Hudson Acquisition I Corp
Closed
150,000
$1,589,985,000
Blue World Acquisition Corp
No change
140,593
$1,588,701,000 2.88%
Zillow Group Inc
Closed
30,000
$1,463,400,000
Aetherium Acquisition Corp
Closed
125,000
$1,375,000,000
Kairous Acquisition Corp Ltd
Closed
116,152
$1,354,344,000
Distoken Acquisition Corp
Closed
120,000
$1,291,200,000
Bynordic Acquisition Corp
Closed
115,974
$1,287,311,000
Doma Holdings Inc
Opened
209,199
$1,269,838,000 2.30%
National Westn Life Group In
Opened
2,500
$1,242,350,000 2.25%
Nuvei Corporation
Opened
37,533
$1,215,319,000 2.20%
Zalatoris Ii Acquisition Cor
Closed
111,731
$1,211,164,000
Whole Earth Brands, Inc.
288.71%
247,938
$1,204,979,000 2.18%
Patria Latin Amrcn Opprnty A
Closed
100,000
$1,129,000,000
Metal Sky Star Acquisition C
1.60%
98,400
$1,114,872,000 2.02%
A Spac Ii Acquisition Corp
Closed
100,000
$1,114,000,000
Zalatoris Acquisition Corp
No change
95,895
$1,059,640,000 1.92%
Tricon Residential Inc
Closed
93,868
$1,046,628,000
Ace Global Business Acqu Ltd
Closed
84,706
$1,023,248,000
Everbridge Inc
Opened
28,545
$998,790,000 1.81%
Overseas Shipholding Group I
Opened
117,575
$997,036,000 1.81%
Macatawa Bk Corp
Opened
67,425
$984,405,000 1.78%
10x Capital Venture Acq Iii
No change
87,500
$962,938,000 1.74%
Clean Energy Spl Situations
Closed
80,000
$850,400,000
Powerschool Holdings Inc
Opened
35,000
$783,650,000 1.42%
Aarons Company Inc (The)
Opened
76,680
$765,266,000 1.39%
Excelfin Acquisition Corp
Closed
65,500
$715,915,000
Vizio Hldg Corp
Closed
62,200
$680,468,000
Hess Corporation
55.37%
4,463
$658,382,000 1.19%
Keen Vision Acquisition Corp
Closed
60,000
$627,000,000
Iron Horse Acquisitions Corp
Closed
60,000
$598,800,000
TSR, Inc.
Opened
44,684
$597,872,000 1.08%
Integral Acquisition Corp 1
Closed
55,000
$594,660,000
Cslm Acquisition Corp
5.51%
52,757
$592,989,000 1.07%
Societal Cdmo Inc
Closed
518,629
$560,119,000
Learn Cw Investment Cor
66.67%
50,000
$545,000,000 0.99%
Canna Global Acquisition Cor
No change
50,198
$523,565,000 0.95%
Genetron Hldgs Ltd
Closed
113,395
$456,415,000
Liberty Global Ltd
Closed
23,624
$416,727,000
Starrett L S Co
Closed
24,685
$392,245,000
Cerevel Therapeutics Hldng I
Opened
8,918
$364,657,000 0.66%
Battalion Oil Corp
3.28%
100,051
$334,170,000 0.61%
Carnival plc
Closed
20,800
$306,384,000
Clover Leaf Capital Corp
No change
23,669
$288,762,000 0.52%
Gan Ltd
Opened
189,752
$279,884,000 0.51%
Enphys Acquisition Corp.
75.00%
25,000
$274,500,000 0.50%
SDCL EDGE Acquisition Corp
Closed
23,400
$255,996,000
Zerofox Hldgs Inc
Closed
219,760
$246,131,000
Fusion Pharmaceuticals Inc.
Closed
11,207
$238,933,000
Decisionpoint Sys Inc New
Opened
21,916
$223,543,000 0.40%
Iclick Interactive Asia Grou
Closed
49,523
$195,616,000
Asensus Surgical Inc
Opened
516,162
$171,882,000 0.31%
Iamgold Corp.
Opened
45,554
$170,828,000 0.31%
Carrols Restaurant Group Inc.
Closed
16,510
$157,010,000
Allego N V
Opened
69,701
$117,098,000 0.21%
Osisko Development Corp
Closed
39,475
$114,083,000
Barclays Bank PLC
Opened
10,000
$109,200,000 0.20%
Peloton Interactive Inc
Opened
14,000
$47,320,000 0.09%
Xeris Biopharma Holdings Inc
Closed
16,573
$36,626,000
BEST Inc
Opened
13,119
$36,077,000 0.07%
No transactions found
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