Venator Management 13F annual report

Venator Management is an investment fund managing more than $331 billion ran by David Fallgren. There are currently 25 companies in Mr. Fallgren’s portfolio. The largest investments include Alphabet Inc and Amazon.com, together worth $76.1 billion.

$331 billion Assets Under Management (AUM)

As of 5th August 2024, Venator Management’s top holding is 229,780 shares of Alphabet Inc currently worth over $42.1 billion and making up 12.7% of the portfolio value. Relative to the number of outstanding shares of Alphabet Inc, Venator Management owns more than approximately 0.1% of the company. In addition, the fund holds 175,600 shares of Amazon.com worth $33.9 billion, whose value fell 3.1% in the past six months. The third-largest holding is Uber Technologies Inc worth $33.4 billion and the next is Meta Platforms Inc worth $30.8 billion, with 61,128 shares owned.

Currently, Venator Management's portfolio is worth at least $331 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 Venator Management

The Venator Management office and employees reside in Pittsburgh, Pennsylvania. According to the last 13-F report filed with the SEC, David Fallgren serves as the Chief Compliance Officer at Venator Management.

Recent trades

In the most recent 13F filing, Venator Management revealed that it had opened a new position in XPEL Inc and bought 50,000 shares worth $1.78 billion. This means they effectively own approximately 0.1% of the company. XPEL Inc makes up 2.7% of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year.

The investment fund also strengthened its position in Caesars Entertainment Inc by buying 73,880 additional shares. This makes their stake in Caesars Entertainment Inc total 291,630 shares worth $11.6 billion. Caesars Entertainment Inc dropped approximately 0.1% in the past year.

On the other hand, there are companies that Venator Management is getting rid of from its portfolio. Venator Management closed its position in PNC Services Inc on 12th August 2024. It sold the previously owned 20,028 shares for $3.1 billion. David Fallgren also disclosed a decreased stake in Alphabet Inc by approximately 0.1%. This leaves the value of the investment at $42.1 billion and 229,780 shares.

One of the smaller hedge funds

The two most similar investment funds to Venator Management are Maia Wealth and Watchman. They manage $331 billion and $331 billion respectively.

David Fallgren investment strategy

Venator Management’s portfolio is diversified across 8 sectors. Currently, their heaviest sector is Technology — making up 40.1% of the total portfolio value. The fund focuses on investments in the United States as 72.0% 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 52% of the total holdings value. On the other hand, small-cap stocks make up 12.0% of the portfolio. The average market cap of the portfolio companies is close to $233 billion.

The complete list of Venator Management trades based on 13F SEC filings

These positions were updated on August 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
Alphabet Inc	4.15% 229,780	$42,146,248,000	12.74%
Amazon.com Inc.	7.25% 175,600	$33,934,700,000	10.26%
Uber Technologies Inc	12.32% 459,675	$33,409,179,000	10.10%
Meta Platforms Inc	6.88% 61,128	$30,821,960,000	9.32%
Netflix Inc.	14.34% 41,416	$27,950,830,000	8.45%
The Baldwin Insurance Group,	4.30% 750,900	$26,634,423,000	8.05%
Alphabet Inc	11.67% 140,085	$25,516,483,000	7.72%
Visa Inc	3.18% 92,235	$24,209,013,000	7.32%
NVR Inc.	5.74% 2,446	$18,561,618,000	5.61%
Jp Morgan Chase & Co.	5.06% 58,745	$11,881,764,000	3.59%
Caesars Entertainment Inc	33.93% 291,630	$11,589,376,000	3.50%
Berkshire Hathaway Inc. Clas	9.36% 26,947	$10,962,040,000	3.31%
Capital One Financial Corporation	2.34% 46,375	$6,420,619,000	1.94%
Thermo Fisher Scientific Inc.	15.54% 9,639	$5,330,367,000	1.61%
Wesco International, Inc.	8.33% 30,686	$4,864,345,000	1.47%
Liberty Broadband-a	13.79% 66,085	$3,608,241,000	1.09%
PNC Financial Services Group Inc	Closed 20,028	$3,101,336,000
Apollo Global Management, In	11.71% 16,738	$1,976,256,000	0.60%
2seventy Bio, Inc.	177.14% 485,000	$1,867,250,000	0.56%
Charter Communications Inc.	12.00% 5,975	$1,786,286,000	0.54%
XPEL Inc	Opened 50,000	$1,778,000,000	0.54%
Liberty Broadband-c	22.92% 31,950	$1,751,499,000	0.53%
Hertz Global Holdings Inc.	Closed 145,295	$1,509,615,000
First Citizens Bancshares, I	Closed 1,000	$1,418,970,000
T-Mobile US, Inc.	25.96% 7,557	$1,331,392,000	0.40%
CSX Corp.	30.50% 36,170	$1,209,887,000	0.37%
Hertz Global Holdings Inc.	Closed 211,400	$1,158,472,000
Nevro Corp	Closed 35,000	$753,200,000
Bio-Rad Laboratories, Inc.	Closed 2,000	$645,780,000
Salesforce Inc	Opened 2,500	$642,750,000	0.19%
MRC Global Inc	Closed 50,000	$550,500,000
Root, Inc.	Opened 10,000	$516,100,000	0.16%
Hershey Company	Closed 2,000	$372,880,000
Spirit Airlines Inc	Closed 10,000	$163,900,000
No transactions found
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