Taal Capital Management L.P. 13F annual report
Taal Capital Management L.P. is an investment fund managing more than $120 million ran by Michael Albert. There are currently 21 companies in Mr. Albert’s portfolio. The largest investments include PG&E and Alexion Pharmaceuticals, together worth $23.4 million.
$120 million Assets Under Management (AUM)
As of 9th August 2021, Taal Capital Management L.P.’s top holding is 1,400,000 shares of PG&E currently worth over $14.2 million and making up 11.9% of the portfolio value.
Relative to the number of outstanding shares of PG&E, Taal Capital Management L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 50,000 shares of Alexion Pharmaceuticals worth $9.19 million, whose value grew 16.5% in the past six months.
The third-largest holding is Starboard Value Acquisitn Co worth $8.56 million and the next is Berkshire Hathaway worth $8.34 million, with 30,000 shares owned.
Currently, Taal Capital Management L.P.'s portfolio is worth at least $120 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 Taal Capital Management L.P.
The Taal Capital Management L.P. office and employees reside in Boston, Massachusetts. According to the last 13-F report filed with the SEC, Michael Albert serves as the Chief Finacial Officer at Taal Capital Management L.P..
Recent trades
In the most recent 13F filing, Taal Capital Management L.P. revealed that it had opened a new position in
Alexion Pharmaceuticals and bought 50,000 shares worth $9.19 million.
This means they effectively own approximately 0.1% of the company.
Alexion Pharmaceuticals makes up
100.0%
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 Starboard Value Acquisitn Co by buying
19,000 additional shares.
This makes their stake in Starboard Value Acquisitn Co total 20,000 shares worth $8.56 million.
On the other hand, there are companies that Taal Capital Management L.P. is getting rid of from its portfolio.
Taal Capital Management L.P. closed its position in Firstenergy on 16th August 2021.
It sold the previously owned 150,000 shares for $5.2 million.
Michael Albert also disclosed a decreased stake in PG&E by 0.3%.
This leaves the value of the investment at $14.2 million and 1,400,000 shares.
One of the smallest hedge funds
The two most similar investment funds to Taal Capital Management L.P. are Plaisance Capital and Rmcp Gp. They manage $120 million and $120 million respectively.
Michael Albert investment strategy
Taal Capital Management L.P.’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Finance — making up 18.6% of
the total portfolio value.
The fund focuses on investments in the United States as
66.7% 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
62% 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 $433 billion.
The complete list of Taal Capital Management L.P. trades based on 13F SEC filings
These positions were updated on August 16th 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 |
|---|---|---|---|
| PG&E Corp. |
26.32%
1,400,000
|
$14,238,000 | 11.87% |
| Alexion Pharmaceuticals Inc. |
Opened
50,000
|
$9,186,000 | 7.66% |
| Starboard Value Acquisitn Co |
1,900.00%
20,000
|
$8,561,000 | 7.14% |
| Berkshire Hathaway Inc. |
59.46%
30,000
|
$8,338,000 | 6.95% |
| T-Mobile US Inc |
8.33%
55,000
|
$7,966,000 | 6.64% |
| Discovery Inc |
34.95%
269,900
|
$7,822,000 | 6.52% |
| Visa Inc |
No change
30,000
|
$7,015,000 | 5.85% |
| JPMorgan Chase & Co. |
No change
45,000
|
$6,999,000 | 5.83% |
| Microsoft Corporation |
No change
25,000
|
$6,773,000 | 5.65% |
| Dish Network Corporation |
11.11%
160,000
|
$6,688,000 | 5.57% |
| Cheniere Energy Inc. |
7.14%
65,000
|
$5,638,000 | 4.70% |
| SolarWinds Corp |
12.73%
310,000
|
$5,236,000 | 4.36% |
| Firstenergy Corp. |
Closed
150,000
|
$5,204,000 | |
| Tjx Cos Inc New |
No change
75,000
|
$5,057,000 | 4.21% |
| Pershing Square Tontine Hldg |
Opened
175,000
|
$3,983,000 | 3.32% |
| Nike, Inc. |
37.50%
25,000
|
$3,862,000 | 3.22% |
| Activision Blizzard Inc |
Closed
40,000
|
$3,720,000 | |
| Alphabet Inc |
Opened
1,500
|
$3,663,000 | 3.05% |
| News Corp |
Opened
139,800
|
$3,404,000 | 2.84% |
| Fiserv, Inc. |
5.68%
23,580
|
$2,520,000 | 2.10% |
| Jetblue Awys Corp |
No change
150,000
|
$2,517,000 | 2.10% |
| Baidu Inc |
Closed
2,300
|
$500,000 | |
| Viacomcbs Inc |
Closed
10,500
|
$474,000 | |
| Tencent Music Entmt Group |
Closed
23,000
|
$471,000 | |
| Occidental Pete Corp |
50.00%
30,000
|
$417,000 | 0.35% |
| Khosla Ventures Acqut Co Iii |
No change
10,000
|
$99,000 | 0.08% |
| Hudson Executive Invt Corp |
Closed
1,000
|
$10,000 | |
| Forum Merger III Corporation |
Closed
1,000
|
$10,000 | |
| Fusion Acquisition Corp. |
Closed
1,000
|
$10,000 | |
| Tailwind Acquisition Corp. |
Closed
1,000
|
$10,000 | |
| Sandbridge Acquisition Corp |
Closed
1,000
|
$10,000 | |
| Acies Acquisition Corp |
Closed
1,000
|
$10,000 | |
| Nebula Caravel Acquisition C |
Closed
1,000
|
$10,000 | |
| Fg New Amer Acquisition Corp |
Closed
1,000
|
$10,000 | |
| Foley Trasimene Acquistn Cor |
Closed
1,000
|
$10,000 | |
| No transactions found | |||
| Showing first 500 out of 35 holdings | |||
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