Harvest Management 13F annual report
Harvest Management is an investment fund managing more than $122 billion ran by Marjorie Kellner. There are currently 38 companies in Mrs. Kellner’s portfolio. The largest investments include Hess and Spirit Aerosystems Inc, together worth $22.8 billion.
$122 billion Assets Under Management (AUM)
As of 7th August 2024, Harvest Management’s top holding is 96,500 shares of Hess currently worth over $14.2 billion and making up 11.6% of the portfolio value.
Relative to the number of outstanding shares of Hess, Harvest Management owns more than approximately 0.1% of the company.
In addition, the fund holds 261,400 shares of Spirit Aerosystems Inc worth $8.59 billion, whose value grew 14.8% in the past six months.
The third-largest holding is United States Stl Corp New worth $8.58 billion and the next is HubSpot Inc worth $8.2 billion, with 13,900 shares owned.
Currently, Harvest Management's portfolio is worth at least $122 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 Harvest Management
The Harvest Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Marjorie Kellner serves as the Managing Member at Harvest Management.
Recent trades
In the most recent 13F filing, Harvest Management revealed that it had opened a new position in
HubSpot Inc and bought 13,900 shares worth $8.2 billion.
This means they effectively own approximately 0.1% of the company.
HubSpot Inc makes up
30.3%
of the fund's Technology sector allocation and has decreased its share price by 4.6% in the past year.
The investment fund also strengthened its position in Hess by buying
31,500 additional shares.
This makes their stake in Hess total 96,500 shares worth $14.2 billion.
Hess dropped 14.7% in the past year.
On the other hand, there are companies that Harvest Management is getting rid of from its portfolio.
Harvest Management closed its position in Pioneer Nat Res Co on 14th August 2024.
It sold the previously owned 97,503 shares for $25.6 billion.
Marjorie Kellner also disclosed a decreased stake in United States Stl Corp New by 0.4%.
This leaves the value of the investment at $8.58 billion and 227,000 shares.
One of the smallest hedge funds
The two most similar investment funds to Harvest Management are Virginia Wealth Management Group, Inc and Yorktown Partners Xi, L.P.. They manage $122 billion and $122 billion respectively.
Marjorie Kellner investment strategy
Harvest Management’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Technology — making up 22.1% of
the total portfolio value.
The fund focuses on investments in the United States as
65.8% 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
16% 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 $53.9 billion.
The complete list of Harvest 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 |
|---|---|---|---|
| Pioneer Nat Res Co |
Closed
97,503
|
$25,594,538,000 | |
| Hess Corporation |
48.46%
96,500
|
$14,235,680,000 | 11.63% |
| Spirit Aerosystems Holdings Inc |
771.33%
261,400
|
$8,592,218,000 | 7.02% |
| United States Stl Corp New |
37.81%
227,000
|
$8,580,600,000 | 7.01% |
| Shockwave Med Inc |
Closed
26,326
|
$8,572,535,000 | |
| HubSpot Inc |
Opened
13,900
|
$8,198,081,000 | 6.70% |
| Haynes International Inc. |
35.01%
139,598
|
$8,194,403,000 | 6.70% |
| Hashicorp Inc |
Opened
200,000
|
$6,738,000,000 | 5.51% |
| Everbridge Inc |
60.17%
192,200
|
$6,725,078,000 | 5.50% |
| Powerschool Holdings Inc |
Opened
280,000
|
$6,269,200,000 | 5.12% |
| Nuvei Corporation |
220.33%
192,200
|
$6,223,436,000 | 5.09% |
| Endeavor Group Hldgs Inc |
25.57%
220,000
|
$5,946,600,000 | 4.86% |
| Encore Wire Corp. |
Opened
20,000
|
$5,796,600,000 | 4.74% |
| Silk Rd Med Inc |
Opened
195,910
|
$5,297,406,000 | 4.33% |
| Walkme Ltd |
Opened
375,000
|
$5,238,750,000 | 4.28% |
| Marathon Oil Corporation |
Opened
159,500
|
$4,572,865,000 | 3.74% |
| Tricon Residential Inc |
Closed
400,000
|
$4,460,000,000 | |
| Atrion Corp. |
Opened
8,000
|
$3,619,440,000 | 2.96% |
| Masonite Intl Corp |
Closed
24,700
|
$3,246,815,000 | |
| Morphosys AG |
Closed
175,100
|
$3,176,314,000 | |
| M.D.C. Holdings, Inc. |
Closed
50,000
|
$3,145,500,000 | |
| Kaman Corp. |
Closed
64,980
|
$2,980,633,000 | |
| Squarespace, Inc. |
Opened
58,900
|
$2,569,807,000 | 2.10% |
| Fusion Pharmaceuticals Inc. |
Closed
120,000
|
$2,558,400,000 | |
| U.S. Silica Holdings Inc |
Opened
159,100
|
$2,458,095,000 | 2.01% |
| Carrols Restaurant Group Inc. |
Closed
254,113
|
$2,416,615,000 | |
| Hibbett Inc |
Opened
21,000
|
$1,831,410,000 | 1.50% |
| American Eqty Invt Life Hld |
Closed
32,100
|
$1,804,662,000 | |
| Juniper Networks Inc |
70.71%
33,100
|
$1,206,826,000 | 0.99% |
| Stericycle Inc. |
Opened
20,200
|
$1,174,226,000 | 0.96% |
| Macys Inc |
62.62%
54,200
|
$1,040,640,000 | 0.85% |
| Axonics Inc |
Opened
15,300
|
$1,028,619,000 | 0.84% |
| Olink Hldg Ab |
Closed
40,700
|
$956,857,000 | |
| Silicon Motion Technology Corp |
Opened
9,500
|
$769,405,000 | 0.63% |
| Cytokinetics Inc |
184.00%
14,200
|
$769,356,000 | 0.63% |
| Biohaven Ltd |
Closed
13,850
|
$757,457,000 | |
| Vista Outdoor Inc |
Opened
20,000
|
$753,000,000 | 0.62% |
| Gildan Activewear Inc |
56.25%
17,500
|
$663,600,000 | 0.54% |
| Salesforce Inc |
Closed
2,129
|
$641,212,000 | |
| Apellis Pharmaceuticals Inc |
Closed
10,300
|
$605,434,000 | |
| Albertsons Cos Inc |
89.33%
28,400
|
$560,900,000 | 0.46% |
| Agiliti Inc |
Closed
51,500
|
$521,180,000 | |
| Stratasys Ltd |
77.58%
58,600
|
$491,654,000 | 0.40% |
| Analog Devices Inc. |
No change
2,068
|
$472,042,000 | 0.39% |
| Janux Therapeutics Inc |
Opened
9,700
|
$406,333,000 | 0.33% |
| WestRock Co |
Closed
8,000
|
$395,600,000 | |
| Taro Pharmaceutical Inds Ltd |
Closed
9,280
|
$392,915,000 | |
| Viking Therapeutics Inc |
Closed
4,000
|
$328,000,000 | |
| Discover Finl Svcs |
Opened
2,500
|
$327,025,000 | 0.27% |
| Alphabet Inc |
No change
1,660
|
$304,477,000 | 0.25% |
| R1 RCM Inc. |
71.01%
23,600
|
$296,416,000 | 0.24% |
| Workiva Inc |
8.36%
3,900
|
$284,661,000 | 0.23% |
| DMC Global Inc |
Opened
18,500
|
$266,770,000 | 0.22% |
| PlayAGS Inc |
Opened
19,600
|
$225,400,000 | 0.18% |
| Rapid7 Inc |
Opened
5,000
|
$216,150,000 | 0.18% |
| Lumen Technologies, Inc. |
No change
12,540
|
$13,794,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 56 holdings | |||
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