Avalon Global Asset Management 13F annual report
Avalon Global Asset Management is an investment fund managing more than $337 million ran by Matt Pendleton. There are currently 29 companies in Mr. Pendleton’s portfolio. The largest investments include NVIDIA Corp and Crowdstrike Inc, together worth $54.2 million.
$337 million Assets Under Management (AUM)
As of 6th August 2024, Avalon Global Asset Management’s top holding is 220,300 shares of NVIDIA Corp currently worth over $27.2 million and making up 8.1% of the portfolio value.
Relative to the number of outstanding shares of NVIDIA Corp, Avalon Global Asset Management owns more than approximately 0.1% of the company.
In addition, the fund holds 70,500 shares of Crowdstrike Inc worth $27 million, whose value fell 25.8% in the past six months.
The third-largest holding is Palo Alto Networks Inc worth $22.4 million and the next is ServiceNow Inc worth $22.2 million, with 28,200 shares owned.
Currently, Avalon Global Asset Management's portfolio is worth at least $337 million. 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 Avalon Global Asset Management
The Avalon Global Asset Management office and employees reside in San Francisco, California. According to the last 13-F report filed with the SEC, Matt Pendleton serves as the Chief Compliance Officer at Avalon Global Asset Management.
Recent trades
In the most recent 13F filing, Avalon Global Asset Management revealed that it had opened a new position in
Adobe Sys Inc and bought 20,000 shares worth $11.1 million.
The investment fund also strengthened its position in NVIDIA Corp by buying
193,270 additional shares.
This makes their stake in NVIDIA Corp total 220,300 shares worth $27.2 million.
NVIDIA Corp dropped approximately 0.1% in the past year.
On the other hand, there are companies that Avalon Global Asset Management is getting rid of from its portfolio.
Avalon Global Asset Management closed its position in Disney Walt Co on 13th August 2024.
It sold the previously owned 45,000 shares for $5.51 million.
Matt Pendleton also disclosed a decreased stake in Crowdstrike Inc by approximately 0.1%.
This leaves the value of the investment at $27 million and 70,500 shares.
One of the smallest hedge funds
The two most similar investment funds to Avalon Global Asset Management are Unified Trust , N.a and Pineno Levin & Ford Asset Management. They manage $337 million and $340 million respectively.
Matt Pendleton investment strategy
Avalon Global Asset Management’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Technology — making up 56.6% of
the total portfolio value.
The fund focuses on investments in the United States as
72.4% 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
66% 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 $202 billion.
The complete list of Avalon Global Asset Management trades based on 13F SEC filings
These positions were updated on August 13th 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 |
|---|---|---|---|
| NVIDIA Corp |
715.02%
220,300
|
$27,216,000 | 8.07% |
| Crowdstrike Holdings Inc |
4.73%
70,500
|
$27,015,000 | 8.01% |
| Palo Alto Networks Inc |
0.46%
66,220
|
$22,449,000 | 6.66% |
| ServiceNow Inc |
0.36%
28,200
|
$22,184,000 | 6.58% |
| Amazon.com Inc. |
0.47%
107,900
|
$20,852,000 | 6.18% |
| Advanced Micro Devices Inc. |
0.50%
121,200
|
$19,660,000 | 5.83% |
| Target Corp |
9.52%
115,000
|
$17,025,000 | 5.05% |
| Apple Inc |
0.51%
78,320
|
$16,496,000 | 4.89% |
| Micron Technology Inc. |
0.44%
114,560
|
$15,068,000 | 4.47% |
| Home Depot, Inc. |
44.89%
32,600
|
$11,222,000 | 3.33% |
| Adobe Sys Inc |
Opened
20,000
|
$11,111,000 | 3.29% |
| Silicon Laboratories Inc |
44.82%
97,900
|
$10,831,000 | 3.21% |
| Analog Devices Inc. |
0.44%
45,300
|
$10,340,000 | 3.07% |
| Snowflake Inc. |
25.03%
74,900
|
$10,118,000 | 3.00% |
| Eaton Corp Plc |
0.33%
30,100
|
$9,438,000 | 2.80% |
| Lilly Eli & Co |
No change
10,000
|
$9,054,000 | 2.68% |
| Cloudflare Inc |
42.61%
100,400
|
$8,316,000 | 2.47% |
| Alphabet Inc |
0.25%
80,700
|
$14,749,000 | 4.37% |
| Veeva Sys Inc |
0.50%
40,200
|
$7,357,000 | 2.18% |
| Lululemon Athletica inc. |
26.88%
24,070
|
$7,190,000 | 2.13% |
| Parker-Hannifin Corp. |
0.77%
13,100
|
$6,626,000 | 1.96% |
| Macom Tech Solutions Hldgs I |
0.54%
55,700
|
$6,209,000 | 1.84% |
| Dexcom Inc |
25.50%
50,200
|
$5,692,000 | 1.69% |
| Disney Walt Co |
Closed
45,000
|
$5,506,000 | |
| Best Buy Co. Inc. |
Opened
50,000
|
$4,215,000 | 1.25% |
| Vertiv Holdings Co |
80.00%
45,000
|
$3,896,000 | 1.16% |
| MYT Netherlands Parent B.V. |
14.75%
700,000
|
$3,570,000 | 1.06% |
| Generac Holdings Inc |
28.00%
25,200
|
$3,332,000 | 0.99% |
| Bath & Body Works Inc |
60.00%
80,000
|
$3,124,000 | 0.93% |
| Dynatrace Inc |
8.33%
65,000
|
$2,908,000 | 0.86% |
| YETI Holdings Inc |
Closed
55,000
|
$2,120,000 | |
| No transactions found | |||
| Showing first 500 out of 31 holdings | |||
Hedge funds similar to Avalon Global Asset Management
- First Wilshire Securities Management Inc
- Bill & Melinda Gates Foundation
- Global Frontier Investments
- White Pine Investment Co
- F&v Capital Management
- Pineno Levin & Ford Asset Management
- Unified Trust , N.a
- Legacy
- Annandale Capital
- Brown Advisory
- Summit Wealth
- Monarch Partners Asset Management
- American Financial Group Inc 401(k) Retirement & Savings Plan
- Clear Perspective Advisors