Highside Global Management 13F annual report
Highside Global Management is an investment fund managing more than $136 million ran by Summer Keith. There are currently 16 companies in Keith’s portfolio. The largest investments include Amazon.com and APi, together worth $27.1 million.
$136 million Assets Under Management (AUM)
As of 7th November 2022, Highside Global Management’s top holding is 119,700 shares of Amazon.com currently worth over $13.5 million and making up 9.9% of the portfolio value.
Relative to the number of outstanding shares of Amazon.com, Highside Global Management owns more than approximately 0.1% of the company.
In addition, the fund holds 1,019,112 shares of APi worth $13.5 million, whose value fell approximately 0.1% in the past six months.
The third-largest holding is Alphabet Inc worth $13.3 million and the next is Dollar Gen Corp New worth $11.9 million, with 49,676 shares owned.
Currently, Highside Global Management's portfolio is worth at least $136 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 Highside Global Management
The Highside Global Management office and employees reside in Dallas, Texas. According to the last 13-F report filed with the SEC, Summer Keith serves as the CFO/CCO at Highside Global Management.
Recent trades
In the most recent 13F filing, Highside Global Management revealed that it had opened a new position in
Ross Stores and bought 139,000 shares worth $11.7 million.
This means they effectively own approximately 0.1% of the company.
Ross Stores makes up
22.9%
of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in APi by buying
40,288 additional shares.
This makes their stake in APi total 1,019,112 shares worth $13.5 million.
APi dropped approximately 0.1% in the past year.
On the other hand, there are companies that Highside Global Management is getting rid of from its portfolio.
Highside Global Management closed its position in Adobe Systems Incorporated on 14th November 2022.
It sold the previously owned 36,600 shares for $13.4 million.
Summer Keith also disclosed a decreased stake in Amazon.com by 0.1%.
This leaves the value of the investment at $13.5 million and 119,700 shares.
One of the smallest hedge funds
The two most similar investment funds to Highside Global Management are Tower View Investment Management & Research and Alaethes Wealth. They manage $136 million and $136 million respectively.
Summer Keith investment strategy
Highside Global Management’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 37.6% of
the total portfolio value.
The fund focuses on investments in the United States as
75.0% 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
44% 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 $205 billion.
The complete list of Highside Global Management trades based on 13F SEC filings
These positions were updated on November 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 |
|---|---|---|---|
| Amazon.com Inc. |
12.11%
119,700
|
$13,526,000 | 9.94% |
| APi Group Corporation |
4.12%
1,019,112
|
$13,524,000 | 9.94% |
| Adobe Systems Incorporated |
Closed
36,600
|
$13,398,000 | |
| Alphabet Inc |
1,857.75%
139,000
|
$13,295,000 | 9.77% |
| Dollar Gen Corp New |
9.02%
49,676
|
$11,915,000 | 8.76% |
| Hillman Solutions Corp |
Closed
1,363,808
|
$11,783,000 | |
| Ross Stores, Inc. |
Opened
139,000
|
$11,714,000 | 8.61% |
| Driven Brands Holdings Inc. |
37.84%
374,059
|
$10,466,000 | 7.69% |
| Hyatt Hotels Corporation |
35.63%
117,963
|
$9,550,000 | 7.02% |
| Avantor, Inc. |
6.96%
461,000
|
$9,036,000 | 6.64% |
| Signature Bk New York N Y |
No change
45,234
|
$6,830,000 | 5.02% |
| Zillow Group Inc |
7.20%
232,102
|
$6,640,000 | 4.88% |
| European Wax Ctr Inc |
5.30%
353,872
|
$6,529,000 | 4.80% |
| ServiceNow Inc |
Opened
16,000
|
$6,042,000 | 4.44% |
| Mister Car Wash, Inc. |
1.81%
691,619
|
$5,934,000 | 4.36% |
| MongoDB Inc |
Opened
29,200
|
$5,798,000 | 4.26% |
| Goosehead Ins Inc |
5.50%
76,768
|
$2,736,000 | 2.01% |
| Block Inc |
Closed
43,675
|
$2,684,000 | |
| Pegasystems Inc. |
64.00%
78,760
|
$2,531,000 | 1.86% |
| No transactions found | |||
| Showing first 500 out of 19 holdings | |||
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