Estuary Capital Management L.P. 13F annual report
Estuary Capital Management L.P. is an investment fund managing more than $246 billion ran by Jeffrey Annecchino. There are currently 16 companies in Mr. Annecchino’s portfolio. The largest investments include Dollar Tree Inc and Day One Biopharmaceuticals I, together worth $53.8 billion.
$246 billion Assets Under Management (AUM)
As of 9th May 2024, Estuary Capital Management L.P.’s top holding is 204,087 shares of Dollar Tree Inc currently worth over $27.2 billion and making up 11.0% of the portfolio value.
Relative to the number of outstanding shares of Dollar Tree Inc, Estuary Capital Management L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 1,611,137 shares of Day One Biopharmaceuticals I worth $26.6 billion.
The third-largest holding is Dollar Gen Corp New worth $26 billion and the next is Jazz Pharmaceuticals plc worth $25.7 billion, with 213,450 shares owned.
Currently, Estuary Capital Management L.P.'s portfolio is worth at least $246 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 Estuary Capital Management L.P.
The Estuary Capital Management L.P. office and employees reside in Wayzata, Minnesota. According to the last 13-F report filed with the SEC, Jeffrey Annecchino serves as the Chief Compliance Officer at Estuary Capital Management L.P..
Recent trades
In the most recent 13F filing, Estuary Capital Management L.P. revealed that it had opened a new position in
Pinterest Inc and bought 335,374 shares worth $11.6 billion.
This means they effectively own approximately 0.1% of the company.
Pinterest Inc makes up
100.0%
of the fund's Technology sector allocation and has grown its share price by 96.6% in the past year.
The investment fund also strengthened its position in Dollar Tree Inc by buying
96,037 additional shares.
This makes their stake in Dollar Tree Inc total 204,087 shares worth $27.2 billion.
Dollar Tree Inc dropped 25.2% in the past year.
On the other hand, there are companies that Estuary Capital Management L.P. is getting rid of from its portfolio.
Estuary Capital Management L.P. closed its position in Qorvo Inc on 15th May 2024.
It sold the previously owned 121,500 shares for $13.7 billion.
Jeffrey Annecchino also disclosed a decreased stake in Coupang by 0.2%.
This leaves the value of the investment at $13 billion and 733,403 shares.
One of the smaller hedge funds
The two most similar investment funds to Estuary Capital Management L.P. are Hgc Investment Management and Next Capital Management. They manage $246 billion and $246 billion respectively.
Jeffrey Annecchino investment strategy
Estuary Capital Management L.P.’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 16.4% of
the total portfolio value.
The fund focuses on investments in the United States as
50.0% 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
31% 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 $16.2 billion.
The complete list of Estuary Capital Management L.P. trades based on 13F SEC filings
These positions were updated on May 15th 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 |
|---|---|---|---|
| Dollar Tree Inc |
88.88%
204,087
|
$27,174,184,000 | 11.04% |
| Day One Biopharmaceuticals I |
82.48%
1,611,137
|
$26,615,983,000 | 10.81% |
| Dollar Gen Corp New |
43.13%
166,422
|
$25,971,817,000 | 10.55% |
| Jazz Pharmaceuticals plc |
67.19%
213,450
|
$25,703,649,000 | 10.44% |
| Clean Harbors, Inc. |
83.73%
116,955
|
$23,544,211,000 | 9.57% |
| Advance Auto Parts Inc |
48.81%
268,477
|
$22,844,708,000 | 9.28% |
| Global Pmts Inc |
116.88%
155,312
|
$20,759,002,000 | 8.43% |
| Coca Cola Cons Inc |
838.49%
19,530
|
$16,530,387,000 | 6.72% |
| Qorvo Inc |
Closed
121,500
|
$13,682,115,000 | |
| Coupang, Inc. |
24.31%
733,403
|
$13,047,239,000 | 5.30% |
| Caci International Inc. |
Closed
37,079
|
$12,008,405,000 | |
| Pinterest Inc |
Opened
335,374
|
$11,627,417,000 | 4.72% |
| Molson Coors Beverage Company |
132.45%
149,515
|
$10,054,884,000 | 4.09% |
| Seagate Technologies Hldngs Pl |
Closed
84,723
|
$7,232,803,000 | |
| Stanley Black Decker Inc |
Opened
66,600
|
$6,522,138,000 | 2.65% |
| BRP Group, Inc. |
Opened
193,301
|
$5,594,131,000 | 2.27% |
| Crocs Inc |
Opened
31,200
|
$4,486,560,000 | 1.82% |
| Blue Owl Capital Inc |
20.57%
193,080
|
$3,641,489,000 | 1.48% |
| Fleetcor Technologies Inc |
Closed
9,400
|
$2,656,534,000 | |
| Sysco Corp. |
83.83%
24,619
|
$1,998,570,000 | 0.81% |
| U-Haul Holding Company |
Closed
20,000
|
$1,408,800,000 | |
| Celestica, Inc. |
Closed
34,473
|
$1,009,370,000 | |
| No transactions found | |||
| Showing first 500 out of 22 holdings | |||
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