Symphony Asset Management 13F annual report
Symphony Asset Management is an investment fund managing more than $92.8 million ran by Geoffrey Moore. There are currently 17 companies in Mr. Moore’s portfolio. The largest investments include iHeartMedia and Avaya, together worth $33.5 million.
$92.8 million Assets Under Management (AUM)
As of 7th October 2020, Symphony Asset Management’s top holding is 2,706,346 shares of iHeartMedia currently worth over $22.6 million and making up 24.3% of the portfolio value.
Relative to the number of outstanding shares of iHeartMedia, Symphony Asset Management owns more than approximately 0.1% of the company.
In addition, the fund holds 880,410 shares of Avaya worth $10.9 million, whose value grew 102.1% in the past six months.
The third-largest holding is Coupa Software worth $8.84 million and the next is Palo Alto Networks worth $8.5 million, with 37,000 shares owned.
Currently, Symphony Asset Management's portfolio is worth at least $92.8 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 Symphony Asset Management
The Symphony Asset Management office and employees reside in San Francisco, California. According to the last 13-F report filed with the SEC, Geoffrey Moore serves as the Chief Compliance Officer at Symphony Asset Management.
Recent trades
In the most recent 13F filing, Symphony Asset Management revealed that it had opened a new position in
Coupa Software and bought 31,900 shares worth $8.84 million.
On the other hand, there are companies that Symphony Asset Management is getting rid of from its portfolio.
Symphony Asset Management closed its position in RingCentral on 14th August 2020.
It sold the previously owned 29,200 shares for $6.19 million.
Geoffrey Moore also disclosed a decreased stake in iHeartMedia by approximately 0.1%.
This leaves the value of the investment at $22.6 million and 2,706,346 shares.
One of the smallest hedge funds
The two most similar investment funds to Symphony Asset Management are Colony Capital and Miles Capital, Inc. They manage $92.8 million and $92.8 million respectively.
Geoffrey Moore investment strategy
Symphony Asset Management’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Technology — making up 26.8% of
the total portfolio value.
The fund focuses on investments in the United States as
94.1% 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
53% 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 $15.4 billion.
The complete list of Symphony Asset Management trades based on 13F SEC filings
These positions were updated on August 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 |
|---|---|---|---|
| iHeartMedia, Inc. |
5.50%
2,706,346
|
$22,598,000 | 24.35% |
| Avaya Holdings Corp. |
44.99%
880,410
|
$10,882,000 | 11.73% |
| Coupa Software, Inc. |
Opened
31,900
|
$8,838,000 | 9.52% |
| Palo Alto Networks, Inc. |
Opened
37,000
|
$8,498,000 | 9.16% |
| Clear Channel Outdoor Holdings, Inc. |
No change
8,107,835
|
$8,432,000 | 9.09% |
| Datadog, Inc. |
Opened
79,901
|
$6,947,000 | 7.49% |
| RingCentral, Inc. |
Closed
29,200
|
$6,188,000 | |
| Twilio, Inc. |
Closed
64,900
|
$5,808,000 | |
| Eaton Vance Senior Income Trust |
No change
968,586
|
$5,163,000 | 5.56% |
| Livongo Health, Inc. |
Opened
59,500
|
$4,474,000 | 4.82% |
| Eaton Vance Floating-Rate Income Trust |
No change
353,668
|
$4,032,000 | 4.34% |
| Illumina, Inc. |
Closed
13,850
|
$3,783,000 | |
| Atlassian Corp. Plc |
Closed
26,700
|
$3,665,000 | |
| Southwest Airlines Co. |
Opened
79,953
|
$2,733,000 | 2.94% |
| Cumulus Media, Inc. |
No change
549,798
|
$2,172,000 | 2.34% |
| Teladoc Health, Inc. |
Opened
10,100
|
$1,927,000 | 2.08% |
| Booking Holdings, Inc. |
Opened
1,200
|
$1,911,000 | 2.06% |
| NuVasive, Inc. |
41.57%
29,800
|
$1,659,000 | 1.79% |
| MongoDB, Inc. |
Closed
11,300
|
$1,543,000 | |
| Horizon Therapeutics Pub Ltd |
Closed
49,602
|
$1,469,000 | |
| Pegasystems, Inc. |
Closed
19,500
|
$1,389,000 | |
| DexCom, Inc. |
Opened
2,898
|
$1,175,000 | 1.27% |
| Transocean Ltd. |
No change
407,558
|
$746,000 | 0.80% |
| Zscaler, Inc. |
Opened
5,647
|
$618,000 | 0.67% |
| DocuSign, Inc. |
Closed
2,989
|
$276,000 | |
| FTI Consulting, Inc. |
Closed
1,705
|
$204,000 | |
| Brp Group Inc |
Closed
10,994
|
$116,000 | |
| Allscripts Healthcare Solutn |
Closed
10,889
|
$77,000 | |
| Realogy Hldgs Corp |
Closed
11,199
|
$34,000 | |
| No transactions found | |||
| Showing first 500 out of 29 holdings | |||
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