Asturias Capital 13F annual report
Asturias Capital is an investment fund managing more than $198 million ran by Francis Cueto. There are currently 25 companies in Mr. Cueto’s portfolio. The largest investments include ServiceNow and Madison Square Garden Co New, together worth $33.6 million.
$198 million Assets Under Management (AUM)
As of 7th October 2020, Asturias Capital’s top holding is 61,300 shares of ServiceNow currently worth over $17.3 million and making up 8.7% of the portfolio value.
Relative to the number of outstanding shares of ServiceNow, Asturias Capital owns more than approximately 0.1% of the company.
In addition, the fund holds 55,356 shares of Madison Square Garden Co New worth $16.3 million.
The third-largest holding is Amazon.com worth $16 million and the next is Atlassian Plc worth $13.3 million, with 110,800 shares owned.
Currently, Asturias Capital's portfolio is worth at least $198 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 Asturias Capital
The Asturias Capital office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Francis Cueto serves as the Managing Partner at Asturias Capital.
Recent trades
In the most recent 13F filing, Asturias Capital revealed that it had opened a new position in
Iac Interactivecorp and bought 44,900 shares worth $11.2 million.
The investment fund also strengthened its position in ServiceNow by buying
28,400 additional shares.
This makes their stake in ServiceNow total 61,300 shares worth $17.3 million.
ServiceNow soared 92.4% in the past year.
On the other hand, there are companies that Asturias Capital is getting rid of from its portfolio.
Asturias Capital closed its position in Alibaba Group Hldg Ltd on 14th February 2020.
It sold the previously owned 58,669 shares for $9.81 million.
Francis Cueto also disclosed a decreased stake in Microsoft by 0.5%.
This leaves the value of the investment at $8.88 million and 56,292 shares.
One of the smaller hedge funds
The two most similar investment funds to Asturias Capital are Vickerman & Driscoll Financial Advisors Inc and Centurylink Investment Management Co. They manage $198 million and $198 million respectively.
Francis Cueto investment strategy
Asturias Capital’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Technology — making up 42.3% of
the total portfolio value.
The fund focuses on investments in the United States as
64.0% 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
64% 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 $241 billion.
The complete list of Asturias Capital trades based on 13F SEC filings
These positions were updated on February 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 |
|---|---|---|---|
| ServiceNow, Inc. |
86.32%
61,300
|
$17,306,000 | 8.74% |
| Madison Square Garden Co New |
18.22%
55,356
|
$16,285,000 | 8.23% |
| Amazon.com, Inc. |
3.47%
8,648
|
$15,980,000 | 8.07% |
| Atlassian Corp. Plc |
480.10%
110,800
|
$13,334,000 | 6.74% |
| Liberty Broadband Corp. |
1.39%
102,016
|
$12,829,000 | 6.48% |
| Iac Interactivecorp |
Opened
44,900
|
$11,185,000 | 5.65% |
| Alibaba Group Hldg Ltd |
Closed
58,669
|
$9,811,000 | |
| Microsoft Corp. |
50.96%
56,292
|
$8,877,000 | 4.48% |
| salesforce.com, inc. |
22.41%
53,655
|
$8,726,000 | 4.41% |
| GCI Liberty, Inc. |
2.54%
121,100
|
$8,580,000 | 4.33% |
| Netflix, Inc. |
Opened
26,000
|
$8,413,000 | 4.25% |
| Facebook, Inc. |
Opened
40,300
|
$8,272,000 | 4.18% |
| Square, Inc. |
Opened
126,900
|
$7,939,000 | 4.01% |
| Alphabet, Inc. |
Closed
6,415
|
$7,820,000 | |
| Expedia Group, Inc. |
Opened
72,100
|
$7,797,000 | 3.94% |
| Baidu, Inc. |
Opened
52,700
|
$6,661,000 | 3.36% |
| Pinduoduo, Inc. |
Opened
169,400
|
$6,407,000 | 3.24% |
| Spotify Technology S A |
Closed
55,704
|
$6,350,000 | |
| Bilibili, Inc. |
21.61%
337,300
|
$6,281,000 | 3.17% |
| Activision Blizzard, Inc. |
Closed
116,800
|
$6,181,000 | |
| Cannae Holdings, Inc. |
61.91%
151,742
|
$5,643,000 | 2.85% |
| T-Mobile US, Inc. |
70.92%
68,319
|
$5,358,000 | 2.71% |
| Sea Ltd |
Closed
159,600
|
$4,940,000 | |
| Upwork, Inc. |
Opened
405,140
|
$4,323,000 | 2.18% |
| Roku, Inc. |
Opened
28,700
|
$3,843,000 | 1.94% |
| Anaplan, Inc. |
Closed
79,400
|
$3,732,000 | |
| Altice USA, Inc. |
Opened
127,600
|
$3,489,000 | 1.76% |
| Pinterest, Inc. |
Closed
130,800
|
$3,460,000 | |
| Zoom Video Communications In |
Opened
43,300
|
$2,946,000 | 1.49% |
| Telaria Inc |
Opened
320,200
|
$2,821,000 | 1.43% |
| Workday Inc |
Opened
16,300
|
$2,681,000 | 1.35% |
| PagerDuty, Inc. |
Opened
85,000
|
$1,988,000 | 1.00% |
| No transactions found | |||
| Showing first 500 out of 32 holdings | |||
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