Hitchwood Capital Management L.P. 13F annual report
Hitchwood Capital Management L.P. is an investment fund managing more than $162 million ran by Erin Ross. There are currently 17 companies in Mrs. Ross’s portfolio. The largest investments include Tesla Inc and Floor Decor Holdings Inc, together worth $40 million.
$162 million Assets Under Management (AUM)
As of 5th May 2023, Hitchwood Capital Management L.P.’s top holding is 110,000 shares of Tesla Inc currently worth over $22.8 million and making up 14.1% of the portfolio value.
Relative to the number of outstanding shares of Tesla Inc, Hitchwood Capital Management L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 175,000 shares of Floor Decor Holdings Inc worth $17.2 million.
The third-largest holding is Microsoft worth $15.9 million and the next is Meta Platforms Inc worth $13.8 million, with 65,000 shares owned.
Currently, Hitchwood Capital Management L.P.'s portfolio is worth at least $162 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 Hitchwood Capital Management L.P.
The Hitchwood Capital Management L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Erin Ross serves as the COO, General Counsel, and CCO at Hitchwood Capital Management L.P..
Recent trades
In the most recent 13F filing, Hitchwood Capital Management L.P. revealed that it had opened a new position in
Meta Platforms Inc and bought 65,000 shares worth $13.8 million.
On the other hand, there are companies that Hitchwood Capital Management L.P. is getting rid of from its portfolio.
Hitchwood Capital Management L.P. closed its position in Amazon.com on 12th May 2023.
It sold the previously owned 890,000 shares for $74.8 million.
Erin Ross also disclosed a decreased stake in Tesla Inc by 0.7%.
This leaves the value of the investment at $22.8 million and 110,000 shares.
One of the smallest hedge funds
The two most similar investment funds to Hitchwood Capital Management L.P. are Cribstone Capital Management and Chelsea Counsel Co. They manage $163 million and $162 million respectively.
Erin Ross investment strategy
Hitchwood Capital Management L.P.’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Technology — making up 34.5% of
the total portfolio value.
The fund focuses on investments in the United States as
70.6% 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
65% 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 $310 billion.
The complete list of Hitchwood Capital Management L.P. trades based on 13F SEC filings
These positions were updated on May 12th 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 |
|---|---|---|---|
| Amazon.com Inc. |
Closed
890,000
|
$74,760,000 | |
| Tesla Inc |
66.67%
110,000
|
$22,821,000 | 14.05% |
| Elevance Health Inc |
Closed
40,000
|
$20,519,000 | |
| Floor Decor Holdings Inc |
28.57%
175,000
|
$17,189,000 | 10.58% |
| Microsoft Corporation |
62.07%
55,000
|
$15,857,000 | 9.76% |
| Mastercard Incorporated |
Closed
45,000
|
$15,648,000 | |
| Meta Platforms Inc |
Opened
65,000
|
$13,776,000 | 8.48% |
| Fiserv, Inc. |
Closed
130,000
|
$13,139,000 | |
| Motorola Solutions Inc |
Closed
50,000
|
$12,886,000 | |
| Union Pacific Corp. |
Closed
60,000
|
$12,424,000 | |
| Berkshire Hathaway Inc. |
57.89%
40,000
|
$12,351,000 | 7.60% |
| Tradeweb Markets Inc |
Opened
150,000
|
$11,853,000 | 7.30% |
| Haleon Plc |
17.65%
1,400,000
|
$11,396,000 | 7.02% |
| Booking Holdings Inc |
20.00%
4,000
|
$10,610,000 | 6.53% |
| Airbnb, Inc. |
Opened
80,000
|
$9,952,000 | 6.13% |
| Applied Materials Inc. |
Opened
70,000
|
$8,598,000 | 5.29% |
| KLA Corp. |
50.00%
20,000
|
$7,983,000 | 4.92% |
| Crowdstrike Holdings Inc |
Closed
75,000
|
$7,897,000 | |
| Advanced Micro Devices Inc. |
Opened
80,000
|
$7,841,000 | 4.83% |
| Azenta Inc |
Closed
120,000
|
$6,986,000 | |
| Energy Select Sector Spdr Fund |
Closed
70,000
|
$6,123,000 | |
| Spotify Technology Sa |
Opened
35,000
|
$4,677,000 | 2.88% |
| Aspen Technology Inc |
Closed
17,518
|
$3,598,000 | |
| Workday Inc |
Opened
15,000
|
$3,098,000 | 1.91% |
| RH |
50.00%
10,000
|
$2,436,000 | 1.50% |
| Procore Technologies, Inc. |
Opened
20,000
|
$1,253,000 | 0.77% |
| Alphabet Inc |
Closed
10,000
|
$882,000 | |
| Shopify Inc |
Opened
15,000
|
$719,000 | 0.44% |
| No transactions found | |||
| Showing first 500 out of 28 holdings | |||
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