Pacific Heights Asset Management is an investment fund managing more than $1.27 trillion ran by Michael Cuggino. There are currently 72 companies in Mr. Cuggino’s portfolio. The largest investments include Texas Pacific Land and NVIDIA Corp, together worth $234 billion.
As of 31st July 2024, Pacific Heights Asset Management’s top holding is 165,000 shares of Texas Pacific Land currently worth over $121 billion and making up 9.5% of the portfolio value.
Relative to the number of outstanding shares of Texas Pacific Land, Pacific Heights Asset Management owns more than approximately 0.1% of the company.
In addition, the fund holds 910,000 shares of NVIDIA Corp worth $112 billion, whose value fell 85.7% in the past six months.
The third-largest holding is Freeport-McMoRan Inc worth $106 billion and the next is Meta Platforms Inc worth $78.2 billion, with 155,000 shares owned.
Currently, Pacific Heights Asset Management's portfolio is worth at least $1.27 trillion. 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.
The Pacific Heights Asset Management office and employees reside in San Francisco, California. According to the last 13-F report filed with the SEC, Michael Cuggino serves as the PRESIDENT, CEO, AND MANAGER at Pacific Heights Asset Management.
In the most recent 13F filing, Pacific Heights Asset Management revealed that it had increased its stake in NVIDIA Corp and bought 814,000 additional shares worth around $84 million. This means they effectively own approximately 0.1% of the company. NVIDIA Corp makes up 34.5% of the fund's Technology sector allocation and has decreased its share price by 77.9% in the past year.
The two most similar investment funds to Pacific Heights Asset Management are Principle Wealth Partners and Stairway Partners. They manage $1.27 trillion and $1.27 trillion respectively.
Pacific Heights Asset Management’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Technology — making up 25.5% of
the total portfolio value.
The fund focuses on investments in the United States as
54.2% 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
46% of the total holdings value.
On the other hand, small-cap stocks make up only 1.4% of the portfolio.
The average market cap of the portfolio companies is close to $89.7 billion.
These positions were updated on August 7th 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 |
|---|---|---|---|
| Texas Pacific Land Corporation |
No change
165,000
|
$121,154,550,000 | 9.51% |
| NVIDIA Corp |
847.92%
910,000
|
$112,421,400,000 | 8.82% |
| Freeport-McMoRan Inc |
No change
2,175,000
|
$105,705,000,000 | 8.30% |
| Meta Platforms Inc |
No change
155,000
|
$78,154,100,000 | 6.13% |
| Costco Whsl Corp New |
No change
57,000
|
$48,449,430,000 | 3.80% |
| Palantir Technologies Inc. |
No change
1,575,000
|
$39,894,750,000 | 3.13% |
| Broadcom Inc |
No change
22,000
|
$35,321,660,000 | 2.77% |
| Parker-Hannifin Corp. |
No change
63,000
|
$31,866,030,000 | 2.50% |
| Lockheed Martin Corp. |
No change
58,000
|
$27,091,800,000 | 2.13% |
| Cameco Corp. |
No change
500,000
|
$24,600,000,000 | 1.93% |
| Chevron Corp. |
No change
150,000
|
$23,463,000,000 | 1.84% |
| Lennar Corp. |
No change
130,000
|
$19,483,100,000 | 1.53% |
| AMGEN Inc. |
No change
58,000
|
$18,122,100,000 | 1.42% |
| Morgan Stanley |
No change
185,000
|
$17,980,150,000 | 1.41% |
| Fedex Corp |
No change
58,000
|
$17,390,720,000 | 1.36% |
| Exxon Mobil Corp. |
No change
150,000
|
$17,268,000,000 | 1.36% |
| Conocophillips |
No change
150,000
|
$17,157,000,000 | 1.35% |
| Williams-Sonoma, Inc. |
No change
60,000
|
$16,942,200,000 | 1.33% |
| Prologis Inc |
No change
150,000
|
$16,846,500,000 | 1.32% |
| Devon Energy Corp. |
No change
350,000
|
$16,590,000,000 | 1.30% |
| Essex Ppty Tr Inc |
No change
60,000
|
$16,332,000,000 | 1.28% |
| Nucor Corp. |
No change
103,000
|
$16,282,240,000 | 1.28% |
| Simon Ppty Group Inc New |
No change
100,000
|
$15,180,000,000 | 1.19% |
| Air Prods & Chems Inc |
No change
58,000
|
$14,966,900,000 | 1.17% |
| Illinois Tool Wks Inc |
No change
63,000
|
$14,928,480,000 | 1.17% |
| Murphy Oil Corp. |
No change
350,000
|
$14,434,000,000 | 1.13% |
| Autodesk Inc. |
No change
58,000
|
$14,352,100,000 | 1.13% |
| Visa Inc |
No change
53,000
|
$13,910,910,000 | 1.09% |
| Schwab Charles Corp |
No change
185,000
|
$13,632,650,000 | 1.07% |
| Centerspace |
No change
200,000
|
$13,526,000,000 | 1.06% |
| Uber Technologies Inc |
No change
185,000
|
$13,445,800,000 | 1.06% |
| Canadian Pacific Kansas City |
No change
165,000
|
$12,990,450,000 | 1.02% |
| Wynn Resorts Ltd. |
100.00%
140,000
|
$12,530,000,000 | 0.98% |
| Avalonbay Cmntys Inc |
No change
60,000
|
$12,413,400,000 | 0.97% |
| HF Sinclair Corporation |
No change
215,000
|
$11,468,100,000 | 0.90% |
| Digital Rlty Tr Inc |
No change
75,000
|
$11,403,750,000 | 0.89% |
| Canadian Nat Res Ltd |
100.00%
320,000
|
$11,392,000,000 | 0.89% |
| Occidental Pete Corp |
No change
180,000
|
$11,345,400,000 | 0.89% |
| Phillips 66 |
No change
75,000
|
$10,587,750,000 | 0.83% |
| Rio Tinto plc |
No change
160,000
|
$10,548,800,000 | 0.83% |
| Twilio Inc |
No change
185,000
|
$10,509,850,000 | 0.82% |
| Federal Rlty Invt Tr |
No change
100,000
|
$10,097,000,000 | 0.79% |
| Ryder Sys Inc |
No change
80,000
|
$9,910,400,000 | 0.78% |
| Affirm Holdings, Inc. |
No change
315,000
|
$9,516,150,000 | 0.75% |
| Birchcliff Energy Ltd |
No change
2,100,000
|
$9,211,650,000 | 0.72% |
| Bhp Billiton Ltd |
No change
160,000
|
$9,134,400,000 | 0.72% |
| Ovintiv Inc |
No change
190,000
|
$8,905,300,000 | 0.70% |
| Agilent Technologies Inc. |
No change
64,000
|
$8,296,320,000 | 0.65% |
| Fluor Corp New |
No change
185,000
|
$8,056,750,000 | 0.63% |
| American Tower Corp. |
100.00%
40,000
|
$7,775,200,000 | 0.61% |
| Regency Ctrs Corp |
No change
125,000
|
$7,775,000,000 | 0.61% |
| Nutrien Ltd |
No change
145,000
|
$7,381,950,000 | 0.58% |
| Disney Walt Co |
No change
70,000
|
$6,950,300,000 | 0.55% |
| Viper Energy Inc |
No change
175,000
|
$6,567,750,000 | 0.52% |
| Intel Corp. |
No change
210,000
|
$6,503,700,000 | 0.51% |
| South32 Ltd |
No change
500,000
|
$6,065,000,000 | 0.48% |
| Kimco Rlty Corp |
No change
300,000
|
$5,838,000,000 | 0.46% |
| BP plc |
No change
160,000
|
$5,776,000,000 | 0.45% |
| Albemarle Corp. |
No change
60,000
|
$5,731,200,000 | 0.45% |
| Outfront Media Inc |
No change
400,000
|
$5,720,000,000 | 0.45% |
| IPG Photonics Corp |
No change
64,000
|
$5,400,960,000 | 0.42% |
| APA Corporation |
No change
180,000
|
$5,299,200,000 | 0.42% |
| UDR Inc |
No change
125,000
|
$5,143,750,000 | 0.40% |
| Weyerhaeuser Co. |
No change
150,000
|
$4,258,500,000 | 0.33% |
| Occidental Petroleum Corp Warrant |
No change
100,000
|
$4,116,000,000 | 0.32% |
| State Street Corp. |
No change
55,000
|
$4,070,000,000 | 0.32% |
| Umh Pptys Inc |
No change
250,000
|
$3,997,500,000 | 0.31% |
| Highwoods Pptys Inc |
No change
150,000
|
$3,940,500,000 | 0.31% |
| Bxp Inc (formerly Boston Properties, Inc.) |
No change
60,000
|
$3,693,600,000 | 0.29% |
| Vornado Rlty Tr |
No change
100,000
|
$2,629,000,000 | 0.21% |
| Vale Sa |
No change
200,000
|
$2,234,000,000 | 0.18% |
| Alexander & Baldwin Inc. |
No change
125,000
|
$2,120,000,000 | 0.17% |
| No transactions found | |||
| Showing first 500 out of 72 holdings | |||