Two Point Capital Management 13F annual report

Two Point Capital Management is an investment fund managing more than $248 billion ran by Paul Spindler. There are currently 25 companies in Mr. Spindler’s portfolio. The largest investments include Microsoft and D.R. Horton, together worth $47.3 billion.

$248 billion Assets Under Management (AUM)

As of 25th July 2024, Two Point Capital Management’s top holding is 55,964 shares of Microsoft currently worth over $25 billion and making up 10.1% of the portfolio value. Relative to the number of outstanding shares of Microsoft, Two Point Capital Management owns more than approximately 0.1% of the company. In addition, the fund holds 157,860 shares of D.R. Horton worth $22.2 billion, whose value grew 22.1% in the past six months. The third-largest holding is Alphabet Inc worth $17.2 billion and the next is Apple Inc worth $16 billion, with 76,120 shares owned.

Currently, Two Point Capital Management's portfolio is worth at least $248 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 Two Point Capital Management

The Two Point Capital Management office and employees reside in Pittsford, New York. According to the last 13-F report filed with the SEC, Paul Spindler serves as the Chief Compliance Officer at Two Point Capital Management.

Recent trades

In the most recent 13F filing, Two Point Capital Management revealed that it had opened a new position in D.R. Horton and bought 157,860 shares worth $22.2 billion. This means they effectively own approximately 0.1% of the company. D.R. Horton makes up 58.1% of the fund's Consumer Discretionary sector allocation and has grown its share price by 40.7% in the past year.

The investment fund also strengthened its position in Microsoft by buying 125 additional shares. This makes their stake in Microsoft total 55,964 shares worth $25 billion. Microsoft soared 24.4% in the past year.

On the other hand, there are companies that Two Point Capital Management is getting rid of from its portfolio. Two Point Capital Management closed its position in Dr Horton Inc Com Stkusd0.01 on 1st August 2024. It sold the previously owned 157,195 shares for $25.9 billion. Paul Spindler also disclosed a decreased stake in Apple Inc by approximately 0.1%. This leaves the value of the investment at $16 billion and 76,120 shares.

One of the smallest hedge funds

The two most similar investment funds to Two Point Capital Management are West Oak Capital and Truadvice. They manage $249 billion and $248 billion respectively.

Paul Spindler investment strategy

Two Point Capital Management’s portfolio is diversified across 6 sectors. Currently, their heaviest sector is Technology — making up 26.9% of the total portfolio value. The fund focuses on investments in the United States as 64.0% 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 68% 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 $343 billion.

The complete list of Two Point Capital Management trades based on 13F SEC filings

These positions were updated on August 1st 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
Dr Horton Inc Com Stkusd0.01	Closed 157,195	$25,866,431,000
Microsoft Corporation	0.22% 55,964	$25,013,110,000	10.07%
D.R. Horton Inc.	Opened 157,860	$22,247,205,000	8.95%
Alphabet Inc	Opened 94,530	$17,219,969,000	6.93%
Apple Inc	0.03% 76,120	$16,032,395,000	6.45%
Accenture plc	Closed 43,108	$14,941,664,000
Jacobs Solutions Inc	Closed 93,770	$14,415,263,000
Alphabet Inc Cap Stk Cla	Closed 94,086	$14,201,792,000
Eaton Corp Plc	Opened 43,685	$13,697,432,000	5.51%
Eaton Corporation plc	Closed 43,580	$13,626,595,000
Jacobs Solutions Inc	Opened 94,210	$13,162,080,000	5.30%
Accenture Plc Ireland	Opened 43,201	$13,107,616,000	5.28%
Oracle Corp.	Opened 85,370	$12,054,244,000	4.85%
Honeywell International Inc	0.69% 50,855	$10,859,577,000	4.37%
Oracle Corp.	Closed 84,768	$10,647,709,000
Cummins Inc.	0.88% 32,819	$9,088,566,000	3.66%
Parker-Hannifin Corp.	0.76% 17,333	$8,767,205,000	3.53%
Cisco Systems, Inc.	Closed 173,861	$8,677,403,000
Paychex Inc.	0.56% 71,099	$8,429,498,000	3.39%
Cisco Sys Inc	Opened 174,291	$8,280,566,000	3.33%
Knight-swift Transn Hldgs In	0.11% 165,164	$8,244,987,000	3.32%
Medtronic Plc	Closed 89,622	$7,810,558,000
Fiserv, Inc.	0.84% 50,021	$7,455,130,000	3.00%
Stryker Corp.	0.05% 21,588	$7,345,317,000	2.96%
Dover Corp.	0.16% 39,846	$7,190,211,000	2.89%
Medtronic Plc	Opened 90,757	$7,143,484,000	2.87%
Intuit Inc	0.33% 10,642	$6,994,029,000	2.81%
Air Prods & Chems Inc	Opened 26,580	$6,858,969,000	2.76%
Thermo Fisher Scientific Inc.	0.13% 12,002	$6,637,106,000	2.67%
Spdr S&p 500 Etf Tr	Opened 8,230	$4,478,867,000	1.80%
Spdr S&p500 Etf Trusttrust Uni	Closed 8,261	$4,321,217,000
Amdocs Ltd Ord Gbp0.01	Closed 33,216	$3,001,730,000
Corning, Inc.	0.27% 75,272	$2,924,318,000	1.18%
Amdocs Ltd	Opened 33,431	$2,638,375,000	1.06%
Arrow Electrs Inc	0.44% 21,584	$2,606,484,000	1.05%
No transactions found
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