Connective Capital Management 13F annual report

Connective Capital Management is an investment fund managing more than $63.4 billion ran by Robert Romero. There are currently 19 companies in Mr. Romero’s portfolio. The largest investments include Intuitive Surgical Inc and Microsoft, together worth $17 billion.

$63.4 billion Assets Under Management (AUM)

As of 9th May 2024, Connective Capital Management’s top holding is 23,237 shares of Intuitive Surgical Inc currently worth over $9.27 billion and making up 14.6% of the portfolio value. Relative to the number of outstanding shares of Intuitive Surgical Inc, Connective Capital Management owns more than approximately 0.1% of the company. In addition, the fund holds 18,309 shares of Microsoft worth $7.7 billion, whose value grew 12.5% in the past six months. The third-largest holding is Ishares Tr Russell 2000 worth $7.33 billion and the next is Apple Inc worth $4.69 billion, with 27,356 shares owned.

Currently, Connective Capital Management's portfolio is worth at least $63.4 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 Connective Capital Management

The Connective Capital Management office and employees reside in Palo Alto, California. According to the last 13-F report filed with the SEC, Robert Romero serves as the Managing Member at Connective Capital Management.

Recent trades

In the most recent 13F filing, Connective Capital Management revealed that it had opened a new position in Intuitive Surgical Inc and bought 23,237 shares worth $9.27 billion. This means they effectively own approximately 0.1% of the company. Intuitive Surgical Inc makes up 96.2% of the fund's Health Care sector allocation and has grown its share price by 30.3% in the past year.

The investment fund also strengthened its position in Apple Inc by buying 13,984 additional shares. This makes their stake in Apple Inc total 27,356 shares worth $4.69 billion. Apple Inc soared 10.3% in the past year.

On the other hand, there are companies that Connective Capital Management is getting rid of from its portfolio. Connective Capital Management closed its position in Ishares Tr on 16th May 2024. It sold the previously owned 12,673 shares for $3.26 million. Robert Romero also disclosed a decreased stake in Ishares Tr Russell 2000 by 0.6%. This leaves the value of the investment at $7.33 billion and 34,842 shares.

One of the smallest hedge funds

The two most similar investment funds to Connective Capital Management are Blackrock Advisors and Timelo Investment Management. They manage $63.2 billion and $62.9 billion respectively.

Robert Romero investment strategy

Connective Capital Management’s portfolio is diversified across 5 sectors. Currently, their heaviest sector is Technology — making up 22.6% of the total portfolio value. The fund focuses on investments in the United States as 42.1% 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 37% 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 $481 billion.

The complete list of Connective 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
Intuitive Surgical Inc	Opened 23,237	$9,273,654,000	14.64%
Microsoft Corporation	Opened 18,309	$7,702,962,000	12.16%
Ishares Tr Russell 2000	55.85% 34,842	$7,327,273,000	11.57%
Apple Inc	104.58% 27,356	$4,691,007,000	7.40%
Proshares Ultra Qqq	Opened 52,959	$4,632,853,000	7.31%
Cameco Corp.	Opened 98,623	$4,272,348,000	6.74%
Asml Holding N V	Opened 4,185	$4,061,417,000	6.41%
Ansys Inc.	13.10% 11,323	$3,930,893,000	6.20%
Ishares Tr Rus 2000 Grw	Opened 13,453	$3,643,072,000	5.75%
Amazon.com Inc.	Opened 15,565	$2,807,615,000	4.43%
Alphabet Inc	459.08% 17,818	$2,689,271,000	4.24%
Ishares Tr Micro-cap	26.94% 20,066	$2,431,799,000	3.84%
MercadoLibre Inc	Opened 1,426	$2,156,055,000	3.40%
NexGen Energy Ltd	Opened 158,131	$1,228,678,000	1.94%
Uranium Energy Corp	Opened 124,007	$837,047,000	1.32%
Denison Mines Corp	Opened 308,785	$602,131,000	0.95%
Heritage Global Inc	Opened 203,938	$538,396,000	0.85%
Simulations Plus Inc.	Opened 8,835	$363,560,000	0.57%
Fathom Holdings Inc	Opened 81,293	$161,773,000	0.26%
Ishares Tr	Closed 12,673	$3,261,000
Aqua Metals Inc	Closed 171,927	$2,024,000
Select Sector Spdr Tr	Closed 20,163	$1,376,000
Baidu Inc	Closed 6,316	$1,043,000
Vaneck Vectors Etf Tr	Closed 33,374	$976,000
ChemoCentryx Inc	Closed 191,881	$861,000
Hollysys Automation Technolo	Closed 39,475	$686,000
Green Plains Inc	Closed 34,255	$676,000
Everyday Health Inc	Closed 68,565	$541,000
Hydrogenics Corp New	Closed 72,664	$501,000
Viveve Med Inc	Closed 112,637	$461,000
TripAdvisor Inc.	Closed 6,592	$424,000
Resonant Inc	Closed 90,000	$394,000
Renewable Energy Group Inc	Closed 38,961	$345,000
Pointer Telocation Ltd	Closed 47,996	$270,000
No transactions found
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