Park West Asset Management 13F annual report
Park West Asset Management is an investment fund managing more than $1.64 billion ran by Grace Jimenez. There are currently 53 companies in Mrs. Jimenez’s portfolio. The largest investments include Nexstar Media Inc and Option Care Health, together worth $282 million.
$1.64 billion Assets Under Management (AUM)
As of 8th August 2022, Park West Asset Management’s top holding is 907,256 shares of Nexstar Media Inc currently worth over $148 million and making up 9.0% of the portfolio value.
Relative to the number of outstanding shares of Nexstar Media Inc, Park West Asset Management owns more than approximately 0.1% of the company.
In addition, the fund holds 4,827,679 shares of Option Care Health worth $134 million, whose value grew 39.5% in the past six months.
The third-largest holding is Enovix Corporation worth $131 million and the next is NortonLifeLock Inc worth $130 million, with 5,929,890 shares owned.
Currently, Park West Asset Management's portfolio is worth at least $1.64 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 Park West Asset Management
The Park West Asset Management office and employees reside in Larkspur, California. According to the last 13-F report filed with the SEC, Grace Jimenez serves as the CFO at Park West Asset Management.
Recent trades
In the most recent 13F filing, Park West Asset Management revealed that it had opened a new position in
Fulgent Genetics Inc and bought 629,882 shares worth $34.3 million.
This means they effectively own approximately 0.1% of the company.
Fulgent Genetics Inc makes up
15.0%
of the fund's Health Care sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Enovix Corporation by buying
2,251,801 additional shares.
This makes their stake in Enovix Corporation total 14,724,426 shares worth $131 million.
On the other hand, there are companies that Park West Asset Management is getting rid of from its portfolio.
Park West Asset Management closed its position in Vonage Hldgs Corp on 15th August 2022.
It sold the previously owned 9,000,032 shares for $187 million.
Grace Jimenez also disclosed a decreased stake in Nexstar Media Inc by approximately 0.1%.
This leaves the value of the investment at $148 million and 907,256 shares.
One of the largest hedge funds
The two most similar investment funds to Park West Asset Management are Ing Investments and Cullinan Associates Inc. They manage $1.64 billion and $1.64 billion respectively.
Grace Jimenez investment strategy
Park West Asset Management’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Technology — making up 15.2% of
the total portfolio value.
The fund focuses on investments in the United States as
43.4% 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
6% of the total holdings value.
On the other hand, large-cap stocks make up only 3.8% of the portfolio.
The average market cap of the portfolio companies is close to $6.01 billion.
The complete list of Park West Asset Management trades based on 13F SEC filings
These positions were updated on August 15th 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 |
|---|---|---|---|
| Vonage Hldgs Corp |
Closed
9,000,032
|
$187,111,000 | |
| Nexstar Media Group Inc |
1.05%
907,256
|
$147,774,000 | 9.02% |
| Option Care Health, Inc. |
16.37%
4,827,679
|
$134,161,000 | 8.19% |
| Enovix Corporation |
18.05%
14,724,426
|
$131,195,000 | 8.01% |
| NortonLifeLock Inc |
11.40%
5,929,890
|
$130,220,000 | 7.95% |
| Lithia Mtrs Inc |
32.55%
460,383
|
$126,518,000 | 7.73% |
| Change Healthcare Inc. |
Closed
4,100,000
|
$87,658,000 | |
| Light & Wonder Inc |
19.79%
1,631,393
|
$76,659,000 | 4.68% |
| Willscot Mobil Mini Hldng Co |
19.51%
2,195,762
|
$71,187,000 | 4.35% |
| Five9 Inc |
98.26%
753,400
|
$68,665,000 | 4.19% |
| OneMain Holdings Inc |
3.27%
1,734,618
|
$64,840,000 | 3.96% |
| Block Inc |
Closed
340,000
|
$54,913,000 | |
| HCI Group Inc |
49.24%
804,643
|
$54,523,000 | 3.33% |
| Interactive Brokers Group In |
197.58%
940,581
|
$51,741,000 | 3.16% |
| Chewy Inc |
Closed
835,951
|
$49,296,000 | |
| Fortinet Inc |
Closed
136,894
|
$49,200,000 | |
| Semler Scientific Inc |
Closed
460,500
|
$42,205,000 | |
| Outfront Media Inc |
Closed
1,559,775
|
$41,833,000 | |
| IQVIA Holdings Inc |
Closed
137,150
|
$38,696,000 | |
| CarParts.com Inc |
11.57%
5,301,916
|
$36,795,000 | 2.25% |
| PagSeguro Digital Ltd |
Closed
1,330,288
|
$34,880,000 | |
| Fulgent Genetics Inc |
Opened
629,882
|
$34,347,000 | 2.10% |
| Caesars Entertainment Inc Ne |
64.44%
888,023
|
$34,011,000 | 2.08% |
| Capri Holdings Limited |
53.78%
824,971
|
$33,832,000 | 2.07% |
| Workday Inc |
29.65%
231,750
|
$32,348,000 | 1.98% |
| Far Peak Acquisition Corp |
No change
3,086,825
|
$30,313,000 | 1.85% |
| Coinbase Global Inc |
Closed
115,000
|
$29,023,000 | |
| Theravance Biopharma Inc |
Opened
3,173,254
|
$28,750,000 | 1.76% |
| Radius Global Infrastrctre I |
Closed
1,759,234
|
$28,324,000 | |
| Avalara Inc |
515.38%
400,000
|
$28,240,000 | 1.72% |
| Cohn Robbins Holdings Corp. |
Closed
2,740,307
|
$26,937,000 | |
| Laureate Education Inc |
101.92%
2,247,388
|
$26,002,000 | 1.59% |
| Ribbit LEAP, Ltd. |
No change
2,573,223
|
$25,501,000 | 1.56% |
| Porch Group Inc |
81.15%
9,350,629
|
$23,938,000 | 1.46% |
| Social Capital Hedosopha Hld |
Closed
4,033,895
|
$41,156,000 | |
| Silvergate Cap Corp |
Closed
154,427
|
$22,886,000 | |
| Academy Sports & Outdoors In |
Closed
485,059
|
$21,294,000 | |
| Toast, Inc. |
Opened
1,641,611
|
$21,242,000 | 1.30% |
| Austerlitz Acquisition Corp |
Closed
2,000,000
|
$19,440,000 | |
| Lazydays Holdings Inc |
Closed
900,100
|
$19,388,000 | |
| Shoals Technologies Group In |
Opened
1,139,984
|
$18,787,000 | 1.15% |
| DaVita Inc |
Closed
162,836
|
$18,524,000 | |
| Universal Technical Inst Inc |
16.77%
2,535,195
|
$18,076,000 | 1.10% |
| Grab Holdings Limited |
Closed
2,500,000
|
$17,674,000 | |
| Booking Holdings Inc |
Opened
9,515
|
$16,642,000 | 1.02% |
| Highland Transcend Partners |
No change
1,500,000
|
$14,790,000 | 0.90% |
| Tpb Acquisition Corp I |
Closed
1,500,000
|
$14,700,000 | |
| Azenta Inc |
Opened
203,117
|
$14,645,000 | 0.89% |
| Warburg Pincus Captal Corp I |
Closed
2,912,900
|
$28,486,000 | |
| Enphase Energy Inc |
Closed
77,502
|
$14,178,000 | |
| Arctos Northstar Acquis Corp |
Closed
1,450,000
|
$14,130,000 | |
| Liberty Media Acquisition Co |
No change
1,250,000
|
$12,300,000 | 0.75% |
| Phreesia Inc |
26.57%
440,609
|
$11,020,000 | 0.67% |
| Social Cap Suvretta Hlds Crp |
Closed
2,200,000
|
$21,802,000 | |
| Social Cap Suvretta Hld Crpi |
Closed
1,100,000
|
$10,890,000 | |
| Social Cap Suvretta Hlds Cp |
Closed
1,100,000
|
$10,802,000 | |
| HeadHunter Group PLC |
Opened
1,135,000
|
$10,747,000 | 0.66% |
| Evolent Health Inc |
40.31%
327,617
|
$10,061,000 | 0.61% |
| Tekkorp Digital Acquisitn Co |
No change
1,000,000
|
$9,900,000 | 0.60% |
| Finserv Acquisition Corp Ii |
Closed
1,000,000
|
$9,720,000 | |
| Bilander Acquisition Corp |
Closed
1,000,000
|
$9,700,000 | |
| Inflection Point Acqustn Cor |
Closed
1,000,000
|
$9,640,000 | |
| Iac Interactivecorp New |
37.52%
116,550
|
$8,854,000 | 0.54% |
| Global Technolgy Acqstn Corp |
Closed
900,000
|
$8,838,000 | |
| Faraday Futre Intlgt Elctr I |
10.00%
3,300,000
|
$8,580,000 | 0.52% |
| Virgin Orbit Holdings Inc |
Closed
1,000,000
|
$7,972,000 | |
| Yandex N V |
Opened
675,000
|
$7,802,000 | 0.48% |
| Viking Therapeutics Inc |
52.51%
2,468,587
|
$7,134,000 | 0.44% |
| Lensar Inc |
No change
1,080,599
|
$7,035,000 | 0.43% |
| Hovnanian Enterprises, Inc. |
34.30%
154,446
|
$6,609,000 | 0.40% |
| Rafael Holdings Inc |
Closed
1,285,714
|
$6,557,000 | |
| Forest Road Acquisition Cor |
Closed
600,000
|
$5,838,000 | |
| Proshares Tr |
Closed
200,000
|
$5,780,000 | |
| Thredup Inc |
23.54%
2,167,172
|
$5,418,000 | 0.33% |
| Rocket Internet Grwt Oprt Co |
No change
551,000
|
$5,389,000 | 0.33% |
| Tuatara Capital Acquisitn Co |
Closed
500,000
|
$4,935,000 | |
| Ecp Environmental Gw Opt Cor |
Closed
500,000
|
$4,930,000 | |
| Avanti Acquisition Corp. |
Closed
500,000
|
$4,910,000 | |
| Vector Acquisition Corp Ii |
No change
500,000
|
$4,905,000 | 0.30% |
| Tcv Acquisition Corp |
No change
500,000
|
$4,875,000 | 0.30% |
| Supernova Partn Acq Co Iii L |
Closed
501,000
|
$4,875,000 | |
| Khosla Ventures Acqut Co Iii |
No change
500,000
|
$4,865,000 | 0.30% |
| Enjoy Technology Inc |
Closed
1,000,000
|
$4,620,000 | |
| PLx Pharma Inc. |
No change
1,473,218
|
$3,580,000 | 0.22% |
| Altimeter Growth Corp. 2 |
No change
279,663
|
$2,757,000 | 0.17% |
| Churchill Capital Corp VII |
No change
250,000
|
$2,443,000 | 0.15% |
| Beyond Meat Inc |
Opened
100,000
|
$2,394,000 | 0.15% |
| Dragoneer Growth Opt Corp Ii |
No change
201,000
|
$1,956,000 | 0.12% |
| Rice Acquisition Corp. II |
No change
200,000
|
$1,952,000 | 0.12% |
| Bridgetown 2 Holdings Ltd |
Closed
125,000
|
$1,239,000 | |
| Arclight Clean Transition Ii |
Closed
100,000
|
$998,000 | |
| Offerpad Solutions Inc |
67.17%
384,428
|
$838,000 | 0.05% |
| Barclays Bank PLC |
Closed
36,500
|
$676,000 | |
| Weber Inc. |
Opened
53,391
|
$385,000 | 0.02% |
| Churchill Capital Corp VI |
Closed
25,000
|
$245,000 | |
| Angion Biomedica Corp |
Opened
75,503
|
$86,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 96 holdings | |||
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