Deep Field Asset Management 13F annual report

Deep Field Asset Management is an investment fund managing more than $57.7 billion ran by Jeff Farroni. There are currently 9 companies in Mr. Farroni’s portfolio. The largest investments include OneSpaWorld and Boot Barn Inc, together worth $31.3 billion.

$57.7 billion Assets Under Management (AUM)

As of 7th February 2023, Deep Field Asset Management’s top holding is 1,787,848 shares of OneSpaWorld currently worth over $16.7 billion and making up 28.9% of the portfolio value. Relative to the number of outstanding shares of OneSpaWorld, Deep Field Asset Management owns more than approximately 0.1% of the company. In addition, the fund holds 234,000 shares of Boot Barn Inc worth $14.6 billion, whose value fell approximately 0.1% in the past six months. The third-largest holding is Ritchie Bros Auctioneers Inc worth $10.1 billion and the next is Planet Fitness Inc worth $4.57 billion, with 58,000 shares owned.

Currently, Deep Field Asset Management's portfolio is worth at least $57.7 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 Deep Field Asset Management

The Deep Field Asset Management office and employees reside in Beverly Hills, California. According to the last 13-F report filed with the SEC, Jeff Farroni serves as the Chief Financial Officer & Chief Operating Officer at Deep Field Asset Management.

Recent trades

In the most recent 13F filing, Deep Field Asset Management revealed that it had opened a new position in European Wax Ctr Inc and bought 41,034 shares worth $511 million.

The investment fund also strengthened its position in OneSpaWorld by buying 15,000 additional shares. This makes their stake in OneSpaWorld total 1,787,848 shares worth $16.7 billion. OneSpaWorld soared 6.1% in the past year.

On the other hand, Jeff Farroni disclosed a decreased stake in Applied Digital Corp by 0.3%. This leaves the value of the investment at $3.08 billion and 1,671,276 shares.

One of the average hedge funds

The two most similar investment funds to Deep Field Asset Management are Trellus Management and Mv Management Xi, L.L.C. They manage $57.8 billion and $57.5 billion respectively.

Jeff Farroni investment strategy

Deep Field Asset Management’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 73.1% of the total portfolio value. The fund focuses on investments in the United States as 44.4% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are small-cap stocks. Stocks with a size of more than $100 million in market cap make up 11% of the total holdings value. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $2.64 billion.

The complete list of Deep Field Asset Management 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
OneSpaWorld Holdings Limited	0.85% 1,787,848	$16,680,622,000	28.93%
Boot Barn Holdings Inc	1.74% 234,000	$14,629,680,000	25.38%
Ritchie Bros Auctioneers Inc	26.02% 174,370	$10,083,817,000	17.49%
Planet Fitness Inc	No change 58,000	$4,570,400,000	7.93%
Funko Inc	44.22% 381,611	$4,163,376,000	7.22%
Applied Digital Corp	29.39% 1,671,276	$3,075,148,000	5.33%
Delta Apparel Inc.	9.96% 197,503	$2,095,507,000	3.63%
Lindblad Expeditions Hldgs I	4.36% 239,362	$1,843,087,000	3.20%
European Wax Ctr Inc	Opened 41,034	$510,873,000	0.89%
No transactions found
Showing first 500 out of 9 holdings