Quaero Capital S.A. 13F annual report
Quaero Capital S.A. is an investment fund managing more than $45.2 billion ran by Marcus Tang. There are currently 26 companies in Mr. Tang’s portfolio. The largest investments include Taiwan Semiconductor Mfg Ltd and First Solar Inc, together worth $9.14 billion.
$45.2 billion Assets Under Management (AUM)
As of 29th July 2024, Quaero Capital S.A.’s top holding is 29,984 shares of Taiwan Semiconductor Mfg Ltd currently worth over $5.21 billion and making up 11.5% of the portfolio value.
In addition, the fund holds 17,404 shares of First Solar Inc worth $3.92 billion, whose value grew 52.4% in the past six months.
The third-largest holding is Linde Plc worth $3.4 billion and the next is Eaton Corp Plc worth $3.15 billion, with 10,052 shares owned.
Currently, Quaero Capital S.A.'s portfolio is worth at least $45.2 billion. 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 Quaero Capital S.A.
The Quaero Capital S.A. office and employees reside in Geneve, Switzerland. According to the last 13-F report filed with the SEC, Marcus Tang serves as the Head of Operations at Quaero Capital S.A..
Recent trades
In the most recent 13F filing, Quaero Capital S.A. revealed that it had opened a new position in
NextEra Inc and bought 35,165 shares worth $2.49 billion.
This means they effectively own approximately 0.1% of the company.
NextEra Inc makes up
22.1%
of the fund's Utilities sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Eaton Corp Plc by buying
6,610 additional shares.
This makes their stake in Eaton Corp Plc total 10,052 shares worth $3.15 billion.
On the other hand, there are companies that Quaero Capital S.A. is getting rid of from its portfolio.
Quaero Capital S.A. closed its position in Waste Mgmt Inc Del on 5th August 2024.
It sold the previously owned 4,950 shares for $1.06 billion.
Marcus Tang also disclosed a decreased stake in Taiwan Semiconductor Mfg Ltd by approximately 0.1%.
This leaves the value of the investment at $5.21 billion and 29,984 shares.
One of the smallest hedge funds
The two most similar investment funds to Quaero Capital S.A. are Park Avenue Institutional Advisers and Ulrich Consultants & Investment. They manage $45.3 billion and $44.7 billion respectively.
Marcus Tang investment strategy
Quaero Capital S.A.’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Utilities — making up 24.9% of
the total portfolio value.
The fund focuses on investments in the United States as
53.8% 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
42% of the total holdings value.
On the other hand, small-cap stocks make up only 3.8% of the portfolio.
The average market cap of the portfolio companies is close to $44.1 billion.
The complete list of Quaero Capital S.A. trades based on 13F SEC filings
These positions were updated on August 5th 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 |
7.10%
29,984
|
$5,211,519,000 | 11.53% |
| First Solar Inc |
16.64%
17,404
|
$3,923,906,000 | 8.68% |
| Linde Plc. |
29.04%
7,757
|
$3,403,849,000 | 7.53% |
| Eaton Corp Plc |
192.04%
10,052
|
$3,151,805,000 | 6.97% |
| Hannon Armstrong Sust Infr C |
13.33%
89,220
|
$2,640,912,000 | 5.84% |
| NextEra Energy Inc |
Opened
35,165
|
$2,490,034,000 | 5.51% |
| Nextracker Inc |
83.21%
50,117
|
$2,349,485,000 | 5.20% |
| Enphase Energy Inc |
28.59%
19,457
|
$1,940,057,000 | 4.29% |
| Waste Connections Inc |
Opened
10,040
|
$1,760,614,000 | 3.89% |
| Ferrovial Se |
Opened
44,946
|
$1,746,276,000 | 3.86% |
| Equinix Inc |
No change
2,185
|
$1,653,171,000 | 3.66% |
| Clean Harbors, Inc. |
Opened
6,072
|
$1,373,183,000 | 3.04% |
| Vertiv Holdings Co |
Opened
15,220
|
$1,317,595,000 | 2.91% |
| Republic Svcs Inc |
29.19%
6,762
|
$1,314,127,000 | 2.91% |
| PG&E Corp. |
63.78%
71,900
|
$1,255,374,000 | 2.78% |
| Targa Res Corp |
No change
9,650
|
$1,242,727,000 | 2.75% |
| Centerpoint Energy Inc. |
41.55%
37,476
|
$1,161,006,000 | 2.57% |
| Hubbell Inc. |
Opened
3,118
|
$1,139,567,000 | 2.52% |
| Brookfield Renewable Corporation |
Opened
40,030
|
$1,136,051,000 | 2.51% |
| GFL Environmental Inc. |
18.04%
27,620
|
$1,075,247,000 | 2.38% |
| Waste Mgmt Inc Del |
Closed
4,950
|
$1,055,093,000 | |
| American Tower Corp. |
No change
5,400
|
$1,049,652,000 | 2.32% |
| Sempra |
No change
10,130
|
$770,488,000 | 1.70% |
| Canadian Pacific Kansas City |
No change
7,900
|
$622,238,000 | 1.38% |
| Canadian Natl Ry Co |
No change
5,200
|
$614,552,000 | 1.36% |
| Sunrun Inc |
22.66%
44,375
|
$526,288,000 | 1.16% |
| Bloom Energy Corp |
Closed
35,636
|
$400,549,000 | |
| MP Materials Corp. |
24.17%
26,978
|
$343,430,000 | 0.76% |
| SBA Communications Corp |
Closed
1,239
|
$268,491,000 | |
| No transactions found | |||
| Showing first 500 out of 29 holdings | |||
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