Lucerne Capital Management L.P. 13F annual report

Lucerne Capital Management L.P. is an investment fund managing more than $300 thousand ran by Patrick Moroney. There are currently 2 companies in Mr. Moroney’s portfolio. The largest investments include Altice USA and Grubhub, together worth $300 thousand.

$300 thousand Assets Under Management (AUM)

As of 26th October 2020, Lucerne Capital Management L.P.’s top holding is 258,100 shares of Altice USA currently worth over $265 thousand and making up 88.3% of the portfolio value. Relative to the number of outstanding shares of Altice USA, Lucerne Capital Management L.P. owns more than approximately 0.1% of the company. In addition, the fund holds 20,400 shares of Grubhub worth $35 thousand, whose value fell approximately 0.1% in the past six months.

Currently, Lucerne Capital Management L.P.'s portfolio is worth at least $300 thousand. 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 Lucerne Capital Management L.P.

The Lucerne Capital Management L.P. office and employees reside in Greenwich, Connecticut. According to the last 13-F report filed with the SEC, Patrick Moroney serves as the Chief Operating Officer at Lucerne Capital Management L.P..

Recent trades

In the most recent 13F filing, Lucerne Capital Management L.P. revealed that it had opened a new position in Grubhub and bought 20,400 shares worth $35 thousand. This means they effectively own approximately 0.1% of the company. Grubhub makes up 100.0% of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.

The investment fund also strengthened its position in Altice USA by buying 177,000 additional shares. This makes their stake in Altice USA total 258,100 shares worth $265 thousand. Altice USA dropped approximately 0.1% in the past year.

One of the smallest hedge funds

The two most similar investment funds to Lucerne Capital Management L.P. are Sofos Investments and Parplus Partners. They manage $326 thousand and $343 thousand respectively.

Patrick Moroney investment strategy

Lucerne Capital Management L.P.’s portfolio is diversified across 2 sectors. Currently, their heaviest sector is Communication Services — making up 88.3% of the total portfolio value. The fund focuses on investments in the United States as 100.0% 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 50% 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 $11.1 billion.

The complete list of Lucerne Capital Management L.P. trades based on 13F SEC filings

These positions were updated on November 2nd 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
Altice USA, Inc.	218.25% 258,100	$265,000	88.33%
Grubhub, Inc.	Opened 20,400	$35,000	11.67%
No transactions found
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