Eastbay Asset Management 13F annual report

Eastbay Asset Management is an investment fund managing more than $11.8 million ran by Hanif Dhanani. There are currently 2 companies in Mr. Dhanani’s portfolio. The largest investments include Scientific Games and Pinduoduo, together worth $11.8 million.

$11.8 million Assets Under Management (AUM)

As of 7th October 2020, Eastbay Asset Management’s top holding is 327,831 shares of Scientific Games currently worth over $8.78 million and making up 74.4% of the portfolio value. Relative to the number of outstanding shares of Scientific Games, Eastbay Asset Management owns more than approximately 0.1% of the company. In addition, the fund holds 80,000 shares of Pinduoduo worth $3.03 million, whose value grew 96.7% in the past six months.

Currently, Eastbay Asset Management's portfolio is worth at least $11.8 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 Eastbay Asset Management

The Eastbay Asset Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Hanif Dhanani serves as the Chief Compliance Officer at Eastbay Asset Management.

Recent trades

In the most recent 13F filing, Eastbay Asset Management revealed that it had increased its stake in Scientific Games and bought 2,671 additional shares worth around $93 thousand. This means they effectively own approximately 0.1% of the company. Scientific Games makes up 74.4% of the fund's Consumer Discretionary sector allocation and has grown its share price by 47.2% in the past year.

On the other hand, there are companies that Eastbay Asset Management is getting rid of from its portfolio. Eastbay Asset Management closed its position in SciPlay on 14th January 2020. It sold the previously owned 380,000 shares for $4.07 million. Hanif Dhanani also disclosed a decreased stake in Pinduoduo by 0.2%. This leaves the value of the investment at $3.03 million and 80,000 shares.

One of the smallest hedge funds

The two most similar investment funds to Eastbay Asset Management are Geosphere Capital Management and Steelhead Partners. They manage $11.8 million and $11.7 million respectively.

Hanif Dhanani investment strategy

Eastbay Asset Management’s portfolio is diversified across 1 sector. Currently, their heaviest sector is Consumer Discretionary — making up 100.0% of the total portfolio value. The fund focuses on investments in the United States as 50.0% 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 $46.7 billion.

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

These positions were updated on January 14th 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
Scientific Games Corp.	0.82% 327,831	$8,779,000	74.37%
SciPlay Corporation	Closed 380,000	$4,066,000
Pinduoduo, Inc.	16.67% 80,000	$3,026,000	25.63%
Pluralsight, Inc.	Closed 125,354	$2,105,000
Dhx Media Ltd	Closed 144,896	$212,000
No transactions found
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