Vector Capital Management, L.P. 13F annual report

Vector Capital Management, L.P. is an investment fund managing more than $115 billion ran by David Baylor. There are currently 4 companies in Mr. Baylor’s portfolio. The largest investments include Cambium Networks Corp and Rocket Lab Usa Inc, together worth $101 billion.

$115 billion Assets Under Management (AUM)

As of 8th May 2024, Vector Capital Management, L.P.’s top holding is 14,325,696 shares of Cambium Networks Corp currently worth over $61.7 billion and making up 53.8% of the portfolio value. Relative to the number of outstanding shares of Cambium Networks Corp, Vector Capital Management, L.P. owns more than 0.5% of the company. In addition, the fund holds 9,622,769 shares of Rocket Lab Usa Inc worth $39.5 billion. The third-largest holding is Liveperson Inc worth $10.9 billion and the next is CPI Card Inc worth $2.5 billion, with 139,981 shares owned.

Currently, Vector Capital Management, L.P.'s portfolio is worth at least $115 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 Vector Capital Management, L.P.

The Vector Capital Management, L.P. office and employees reside in San Francisco, California. According to the last 13-F report filed with the SEC, David Baylor serves as the Chief Operating Officer at Vector Capital Management, L.P..

Recent trades

In the most recent 13F filing, Vector Capital Management, L.P. revealed that it had opened a new position in Liveperson Inc and bought 10,899,456 shares worth $10.9 billion.

On the other hand, there are companies that Vector Capital Management, L.P. is getting rid of from its portfolio. Vector Capital Management, L.P. closed its position in Sumo Logic on 15th May 2024. It sold the previously owned 3,400,000 shares for $27.5 billion. David Baylor also disclosed a decreased stake in CPI Card Inc by 0.6%. This leaves the value of the investment at $2.5 billion and 139,981 shares.

One of the smallest hedge funds

The two most similar investment funds to Vector Capital Management, L.P. are Madison Park Capital Advisors and Kingdom. They manage $115 billion and $115 billion respectively.

David Baylor investment strategy

Vector Capital Management, L.P.’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Technology — making up 63.3% of the total portfolio value. The fund focuses on investments in the United States as 75.0% 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 approximately 0.1% 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 $611 million.

The complete list of Vector Capital Management, L.P. trades based on 13F SEC filings

These positions were updated on May 15th 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
Cambium Networks Corp	No change 14,325,696	$61,743,750,000	53.85%
Rocket Lab Usa Inc	No change 9,622,769	$39,549,581,000	34.49%
Sumo Logic, Inc.	Closed 3,400,000	$27,540,000,000
Vector Acquisition Corp Ii	Closed 1,100,000	$11,110,000,000
Liveperson Inc	Opened 10,899,456	$10,871,117,000	9.48%
CPI Card Group Inc	58.40% 139,981	$2,500,061,000	2.18%
Kaltura Inc	Closed 720,246	$1,238,823,000
No transactions found
Showing first 500 out of 7 holdings