Summit Partners Public Asset Management 13F annual report
Summit Partners Public Asset Management is an investment fund managing more than $2.17 trillion ran by Adam Hennessey. There are currently 70 companies in Mr. Hennessey’s portfolio. The largest investments include Taiwan Semiconductor Mfg Ltd and Reddit Inc, together worth $215 billion.
$2.17 trillion Assets Under Management (AUM)
As of 7th August 2024, Summit Partners Public Asset Management’s top holding is 635,824 shares of Taiwan Semiconductor Mfg Ltd currently worth over $111 billion and making up 5.1% of the portfolio value.
In addition, the fund holds 1,627,828 shares of Reddit Inc worth $104 billion.
The third-largest holding is NVIDIA Corp worth $99.6 billion and the next is Ge Vernova Inc worth $89.2 billion, with 519,870 shares owned.
Currently, Summit Partners Public Asset Management's portfolio is worth at least $2.17 trillion. 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 Summit Partners Public Asset Management
The Summit Partners Public Asset Management office and employees reside in Boston, Massachusetts. According to the last 13-F report filed with the SEC, Adam Hennessey serves as the Authorized Person at Summit Partners Public Asset Management.
Recent trades
In the most recent 13F filing, Summit Partners Public Asset Management revealed that it had opened a new position in
Reddit Inc and bought 1,627,828 shares worth $104 billion.
The investment fund also strengthened its position in NVIDIA Corp by buying
753,537 additional shares.
This makes their stake in NVIDIA Corp total 806,037 shares worth $99.6 billion.
NVIDIA Corp dropped 73.5% in the past year.
On the other hand, there are companies that Summit Partners Public Asset Management is getting rid of from its portfolio.
Summit Partners Public Asset Management closed its position in Informatica on 14th August 2024.
It sold the previously owned 1,701,988 shares for $59.6 billion.
Adam Hennessey also disclosed a decreased stake in Taiwan Semiconductor Mfg Ltd by approximately 0.1%.
This leaves the value of the investment at $111 billion and 635,824 shares.
One of the largest hedge funds
The two most similar investment funds to Summit Partners Public Asset Management are Capital International Ltd ca/ and Staley Capital Advisers Inc. They manage $2.17 trillion and $2.17 trillion respectively.
Adam Hennessey investment strategy
Summit Partners Public Asset Management’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Technology — making up 36.0% of
the total portfolio value.
The fund focuses on investments in the United States as
55.7% 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
23% of the total holdings value.
On the other hand, small-cap stocks make up only 1.4% of the portfolio.
The average market cap of the portfolio companies is close to $73.2 billion.
The complete list of Summit Partners Public Asset Management trades based on 13F SEC filings
These positions were updated on August 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 |
|---|---|---|---|
| Taiwan Semiconductor Mfg Ltd |
3.18%
635,824
|
$110,512,569,000 | 5.09% |
| Reddit Inc |
Opened
1,627,828
|
$104,001,931,000 | 4.79% |
| NVIDIA Corp |
1,435.31%
806,037
|
$99,577,811,000 | 4.59% |
| Ge Vernova Inc |
299.90%
519,870
|
$89,162,904,000 | 4.11% |
| Micron Technology Inc. |
38.63%
557,006
|
$73,262,999,000 | 3.38% |
| Spotify Technology S.A. |
2.21%
222,064
|
$69,681,463,000 | 3.21% |
| Samsara Inc. |
29.98%
1,999,087
|
$67,369,232,000 | 3.11% |
| Monday Com Ltd |
174.45%
273,737
|
$65,904,920,000 | 3.04% |
| Constellation Energy Corp |
31.59%
311,840
|
$62,452,197,000 | 2.88% |
| Eli Lilly & Co |
140.52%
67,931
|
$61,503,369,000 | 2.84% |
| Natera Inc |
9.36%
564,205
|
$61,097,759,000 | 2.82% |
| Informatica Inc. |
Closed
1,701,988
|
$59,569,580,000 | |
| Astera Labs Inc |
22.47%
940,601
|
$56,915,767,000 | 2.62% |
| Elastic N.V |
3.99%
487,600
|
$55,542,516,000 | 2.56% |
| Trade Desk Inc |
19.85%
561,802
|
$54,871,201,000 | 2.53% |
| MongoDB Inc |
Closed
149,646
|
$53,669,041,000 | |
| Universal Display Corp. |
Opened
245,736
|
$51,665,994,000 | 2.38% |
| Datadog Inc |
40.21%
378,471
|
$49,083,904,000 | 2.26% |
| Rxsight Inc |
3.93%
813,833
|
$48,968,332,000 | 2.26% |
| Glaukos Corporation |
Opened
410,907
|
$48,630,843,000 | 2.24% |
| Crowdstrike Holdings Inc |
12.53%
123,724
|
$47,409,800,000 | 2.19% |
| Procept Biorobotics Corp |
0.53%
762,694
|
$46,592,976,000 | 2.15% |
| Apple Inc |
Opened
209,700
|
$44,167,014,000 | 2.04% |
| Vertiv Holdings Co |
No change
501,965
|
$43,455,110,000 | 2.00% |
| Carvana Co. |
Opened
329,215
|
$42,376,555,000 | 1.95% |
| Nova Ltd |
5.38%
179,281
|
$42,046,773,000 | 1.94% |
| Silicon Motion Technology Corp |
25.21%
473,290
|
$38,331,757,000 | 1.77% |
| MercadoLibre Inc |
59.99%
21,074
|
$34,633,012,000 | 1.60% |
| First Solar Inc |
51.98%
150,554
|
$33,943,905,000 | 1.56% |
| Allegro Microsystems Inc |
Opened
1,130,209
|
$31,917,102,000 | 1.47% |
| Ascendis Pharma A/S |
3.80%
233,673
|
$31,868,324,000 | 1.47% |
| DoubleVerify Holdings, Inc. |
Closed
900,000
|
$31,644,000,000 | |
| Hannon Armstrong Sust Infr C |
Closed
1,100,000
|
$31,240,000,000 | |
| Argenx Se |
Closed
76,729
|
$30,209,742,000 | |
| Vistra Corp |
29.90%
330,023
|
$28,375,378,000 | 1.31% |
| Rambus Inc. |
Closed
416,677
|
$25,754,805,000 | |
| Acv Auctions Inc |
46.28%
1,402,026
|
$25,586,975,000 | 1.18% |
| Generac Holdings Inc |
Closed
200,000
|
$25,228,000,000 | |
| Primoris Svcs Corp |
Opened
464,927
|
$23,195,208,000 | 1.07% |
| Skyline Champion Corp |
11.28%
328,100
|
$22,228,775,000 | 1.02% |
| Ormat Technologies Inc |
Opened
300,000
|
$21,510,000,000 | 0.99% |
| Amazon.com Inc. |
3.36%
110,059
|
$21,268,902,000 | 0.98% |
| Azek Co Inc |
23.89%
500,262
|
$21,076,038,000 | 0.97% |
| Credo Technology Group Holdi |
Closed
938,123
|
$19,878,826,000 | |
| Tesla Inc |
No change
100,000
|
$19,788,000,000 | 0.91% |
| Axon Enterprise Inc |
10.77%
65,316
|
$19,218,580,000 | 0.89% |
| Asml Holding N V |
3.65%
18,313
|
$18,729,254,000 | 0.86% |
| Comfort Sys Usa Inc |
No change
60,000
|
$18,247,200,000 | 0.84% |
| Insmed Inc |
Opened
271,535
|
$18,192,845,000 | 0.84% |
| Tidewater Inc. |
20.91%
181,367
|
$17,267,952,000 | 0.80% |
| Phreesia Inc |
Closed
713,000
|
$17,062,090,000 | |
| Western Digital Corp. |
Opened
222,573
|
$16,864,356,000 | 0.78% |
| Arm Holdings Plc |
Opened
100,000
|
$16,362,000,000 | 0.75% |
| AAON Inc. |
Closed
183,814
|
$16,194,013,000 | |
| JFrog Ltd |
Opened
430,000
|
$16,146,500,000 | 0.74% |
| FormFactor Inc. |
Closed
350,544
|
$15,995,323,000 | |
| Procore Technologies, Inc. |
60.00%
240,000
|
$15,914,400,000 | 0.73% |
| NextEra Energy Inc |
81.08%
200,000
|
$14,162,000,000 | 0.65% |
| Legend Biotech Corp |
Closed
235,493
|
$13,208,802,000 | |
| NRG Energy Inc. |
54.51%
167,723
|
$13,058,913,000 | 0.60% |
| Iovance Biotherapeutics Inc |
47.56%
1,555,408
|
$12,474,372,000 | 0.58% |
| Sharkninja Inc |
Opened
162,778
|
$12,232,767,000 | 0.56% |
| DraftKings Inc. |
1.51%
314,083
|
$11,988,548,000 | 0.55% |
| Net Power Inc |
23.59%
1,205,000
|
$11,845,150,000 | 0.55% |
| Zeta Global Holdings Corp. |
Opened
659,815
|
$11,645,735,000 | 0.54% |
| nVent Electric plc |
77.86%
149,794
|
$11,475,718,000 | 0.53% |
| Establishment Labs Holdings Inc |
32.64%
220,575
|
$10,022,928,000 | 0.46% |
| Advanced Micro Devices Inc. |
Closed
55,069
|
$9,939,404,000 | |
| EverQuote Inc |
91.10%
411,712
|
$8,588,312,000 | 0.40% |
| AudioEye Inc |
Opened
413,977
|
$7,290,135,000 | 0.34% |
| IES Holdings Inc |
Opened
45,000
|
$6,269,850,000 | 0.29% |
| Duolingo, Inc. |
Closed
26,000
|
$5,735,080,000 | |
| Applovin Corp |
Opened
57,000
|
$4,743,540,000 | 0.22% |
| Tower Semiconductor Ltd. |
Opened
120,000
|
$4,717,200,000 | 0.22% |
| Flywire Corporation |
Closed
175,000
|
$4,341,750,000 | |
| Viavi Solutions Inc |
Closed
469,584
|
$4,268,519,000 | |
| Veeva Sys Inc |
No change
20,000
|
$3,660,200,000 | 0.17% |
| Sarepta Therapeutics Inc |
Opened
21,318
|
$3,368,244,000 | 0.16% |
| Nu Hldgs Ltd |
Opened
250,000
|
$3,222,500,000 | 0.15% |
| Palo Alto Networks Inc |
86.28%
9,500
|
$3,220,595,000 | 0.15% |
| Iron Mtn Inc Del |
Closed
35,000
|
$2,807,350,000 | |
| Viant Technology Inc |
Closed
255,066
|
$2,719,004,000 | |
| Semtech Corp. |
38.46%
90,000
|
$2,689,200,000 | 0.12% |
| Nuvei Corporation |
Closed
77,629
|
$2,454,629,000 | |
| Cloudflare Inc |
Closed
24,000
|
$2,323,920,000 | |
| Bentley Sys Inc |
Opened
42,000
|
$2,073,120,000 | 0.10% |
| Mks Instrs Inc |
Opened
12,000
|
$1,566,960,000 | 0.07% |
| Appfolio Inc |
Closed
4,088
|
$1,008,673,000 | |
| Blend Labs, Inc. |
71.50%
343,000
|
$809,480,000 | 0.04% |
| Aspen Technology Inc |
98.17%
3,427
|
$680,705,000 | 0.03% |
| Bandwidth Inc |
Opened
33,149
|
$559,555,000 | 0.03% |
| No transactions found | |||
| Showing first 500 out of 91 holdings | |||
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