Huber Capital Management 13F annual report
Huber Capital Management is an investment fund managing more than $423 billion ran by Gary Thomas. There are currently 104 companies in Mr. Thomas’s portfolio. The largest investments include BP plc and Shell Plc, together worth $48.8 billion.
$423 billion Assets Under Management (AUM)
As of 6th November 2023, Huber Capital Management’s top holding is 641,505 shares of BP plc currently worth over $24.8 billion and making up 5.9% of the portfolio value.
Relative to the number of outstanding shares of BP plc, Huber Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 372,689 shares of Shell Plc worth $24 billion.
The third-largest holding is KBR Inc worth $22.7 billion and the next is Golar Lng worth $20.5 billion, with 843,640 shares owned.
Currently, Huber Capital Management's portfolio is worth at least $423 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 Huber Capital Management
The Huber Capital Management office and employees reside in El Segundo, California. According to the last 13-F report filed with the SEC, Gary Thomas serves as the Principal and Director, COO / CCO at Huber Capital Management.
Recent trades
In the most recent 13F filing, Huber Capital Management revealed that it had opened a new position in
Olin and bought 80,600 shares worth $4.03 billion.
This means they effectively own approximately 0.1% of the company.
Olin makes up
26.6%
of the fund's Materials sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Upbound Inc by buying
73,900 additional shares.
This makes their stake in Upbound Inc total 492,031 shares worth $14.5 billion.
Upbound Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Huber Capital Management is getting rid of from its portfolio.
Huber Capital Management closed its position in Mercer International on 13th November 2023.
It sold the previously owned 1,001,542 shares for $8.08 billion.
Gary Thomas also disclosed a decreased stake in BP plc by approximately 0.1%.
This leaves the value of the investment at $24.8 billion and 641,505 shares.
One of the average hedge funds
The two most similar investment funds to Huber Capital Management are Rk Capital Management and Coastal Investment Advisors. They manage $423 billion and $423 billion respectively.
Gary Thomas investment strategy
Huber Capital Management’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Industrials — making up 18.1% of
the total portfolio value.
The fund focuses on investments in the United States as
57.7% 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
38% of the total holdings value.
On the other hand, small-cap stocks make up only 1.0% of the portfolio.
The average market cap of the portfolio companies is close to $89.2 billion.
The complete list of Huber Capital Management trades based on 13F SEC filings
These positions were updated on November 13th 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 |
|---|---|---|---|
| BP plc |
9.44%
641,505
|
$24,839,074,000 | 5.88% |
| Shell Plc |
9.95%
372,689
|
$23,993,718,000 | 5.68% |
| KBR Inc |
1.91%
384,382
|
$22,655,475,000 | 5.36% |
| Golar Lng |
19.71%
843,640
|
$20,466,707,000 | 4.84% |
| Microsoft Corporation |
10.84%
54,693
|
$17,269,315,000 | 4.09% |
| New Fortress Energy LLC |
8.97%
478,239
|
$15,676,675,000 | 3.71% |
| Upbound Group Inc |
17.67%
492,031
|
$14,490,314,000 | 3.43% |
| W T Offshore Inc |
39.02%
3,118,702
|
$13,659,913,000 | 3.23% |
| Eli Lilly Co |
2.23%
22,937
|
$12,320,151,000 | 2.91% |
| Tetra Technologies, Inc. |
39.99%
1,818,389
|
$11,601,322,000 | 2.74% |
| Citigroup Inc |
2.90%
229,515
|
$9,439,952,000 | 2.23% |
| First Horizon Corporation |
12.81%
825,163
|
$9,093,297,000 | 2.15% |
| Innospec Inc |
5.80%
83,333
|
$8,516,631,000 | 2.01% |
| First Ctzns Bancshares Inc N |
3.17%
6,118
|
$8,443,451,000 | 2.00% |
| Mercer International Inc. |
Closed
1,001,542
|
$8,082,445,000 | |
| Enova International Inc. |
11.01%
151,001
|
$7,681,420,000 | 1.82% |
| Miller Inds Inc Tenn |
13.02%
193,961
|
$7,605,211,000 | 1.80% |
| Att Inc |
2.75%
467,496
|
$7,021,790,000 | 1.66% |
| Cno Finl Group Inc |
9.89%
287,762
|
$6,828,592,000 | 1.62% |
| Northrop Grumman Corp. |
1.92%
15,304
|
$6,736,668,000 | 1.59% |
| Bank America Corp |
23.60%
224,365
|
$6,143,113,000 | 1.45% |
| United Rentals, Inc. |
19.79%
12,714
|
$5,652,263,000 | 1.34% |
| Fedex Corp |
21.74%
21,242
|
$5,627,431,000 | 1.33% |
| Commercial Veh Group Inc |
90.86%
653,221
|
$5,068,995,000 | 1.20% |
| Devon Energy Corp. |
57.16%
102,000
|
$4,865,400,000 | 1.15% |
| Lions Gate Entmnt Corp |
0.91%
612,480
|
$4,820,217,000 | 1.14% |
| Carter Bankshares Inc |
No change
383,912
|
$4,810,417,000 | 1.14% |
| Mastercard Incorporated |
9.30%
11,709
|
$4,635,711,000 | 1.10% |
| Xperi Inc |
7.66%
454,742
|
$4,483,756,000 | 1.06% |
| Select Med Hldgs Corp |
15.26%
172,117
|
$4,349,397,000 | 1.03% |
| Science Applications Intl Co |
0.78%
38,876
|
$4,102,972,000 | 0.97% |
| Olin Corp. |
Opened
80,600
|
$4,028,388,000 | 0.95% |
| Truist Finl Corp |
1.10%
138,635
|
$3,966,347,000 | 0.94% |
| Comtech Telecommunications C |
4.92%
442,059
|
$3,868,016,000 | 0.92% |
| Pfizer Inc. |
3.57%
115,630
|
$3,835,447,000 | 0.91% |
| Chevron Corp. |
0.92%
21,900
|
$3,692,778,000 | 0.87% |
| Virtus Invt Partners Inc |
2.68%
18,170
|
$3,670,158,000 | 0.87% |
| Regions Financial Corp. |
15.74%
201,319
|
$3,462,687,000 | 0.82% |
| Goodyear Tire Rubr Co |
14.85%
260,795
|
$3,241,682,000 | 0.77% |
| Jpmorgan Chase Co |
No change
19,372
|
$2,809,328,000 | 0.66% |
| Merck Co Inc |
27.56%
27,070
|
$2,786,856,000 | 0.66% |
| Ranger Energy Svcs Inc |
38.16%
194,389
|
$2,756,436,000 | 0.65% |
| Chesapeake Energy Corp. |
43.04%
31,098
|
$2,681,581,000 | 0.63% |
| Constellation Energy Corp |
223.70%
24,310
|
$2,651,735,000 | 0.63% |
| Cheniere Energy Inc. |
No change
14,920
|
$2,476,124,000 | 0.59% |
| Dish Network Corporation |
Closed
365,300
|
$2,407,327,000 | |
| Jakks Pac Inc |
50.04%
128,237
|
$2,383,926,000 | 0.56% |
| Philip Morris International Inc |
23.06%
25,359
|
$2,347,736,000 | 0.56% |
| Exelon Corp. |
682.96%
60,531
|
$2,287,466,000 | 0.54% |
| Northrim Bancorp, Inc. |
14.78%
57,647
|
$2,283,974,000 | 0.54% |
| Kenvue Inc |
Opened
109,600
|
$2,200,768,000 | 0.52% |
| C F Finl Corp |
0.45%
39,565
|
$2,120,684,000 | 0.50% |
| Gulfport Energy Corp. |
1.79%
17,050
|
$2,023,153,000 | 0.48% |
| GSK Plc |
26.83%
55,392
|
$2,007,960,000 | 0.48% |
| First Utd Corp |
1.05%
122,288
|
$1,984,123,000 | 0.47% |
| CSI Compressco LP |
15.82%
1,435,834
|
$1,981,452,000 | 0.47% |
| Eog Res Inc |
1.34%
14,700
|
$1,863,372,000 | 0.44% |
| Verisign Inc. |
5.20%
9,124
|
$1,847,884,000 | 0.44% |
| Evergy Inc |
Opened
36,200
|
$1,835,340,000 | 0.43% |
| The Southern Co. |
Opened
28,300
|
$1,831,576,000 | 0.43% |
| Conocophillips |
7.32%
15,200
|
$1,820,960,000 | 0.43% |
| Home Depot, Inc. |
No change
6,022
|
$1,819,608,000 | 0.43% |
| Commercial Metals Co. |
Opened
35,900
|
$1,773,819,000 | 0.42% |
| Lyft Inc |
46.87%
167,027
|
$1,760,465,000 | 0.42% |
| NextEra Energy Inc |
Opened
30,200
|
$1,730,158,000 | 0.41% |
| PPL Corp |
Opened
71,500
|
$1,684,540,000 | 0.40% |
| National Fuel Gas Co. |
48.04%
30,497
|
$1,583,099,000 | 0.37% |
| American Elec Pwr Co Inc |
Opened
20,700
|
$1,557,054,000 | 0.37% |
| Block H R Inc |
No change
35,744
|
$1,539,137,000 | 0.36% |
| AES Corp. |
Opened
100,000
|
$1,520,000,000 | 0.36% |
| Portland Gen Elec Co |
Opened
36,478
|
$1,476,629,000 | 0.35% |
| Halliburton Co. |
24.40%
34,400
|
$1,393,200,000 | 0.33% |
| Chord Energy Corporation |
15.40%
8,242
|
$1,335,781,000 | 0.32% |
| Exxon Mobil Corp. |
47.91%
11,200
|
$1,316,896,000 | 0.31% |
| Martin Marietta Matls Inc |
Opened
3,192
|
$1,310,252,000 | 0.31% |
| Tenet Healthcare Corp. |
No change
19,201
|
$1,265,154,000 | 0.30% |
| Entergy Corp. |
Opened
12,900
|
$1,193,250,000 | 0.28% |
| Tyson Foods, Inc. |
0.38%
23,336
|
$1,178,234,000 | 0.28% |
| Vmware Inc. |
No change
6,800
|
$1,132,064,000 | 0.27% |
| Black Hills Corporation |
Opened
21,298
|
$1,077,466,000 | 0.25% |
| Consolidated Edison, Inc. |
Opened
12,500
|
$1,069,125,000 | 0.25% |
| Valaris Ltd |
Opened
12,300
|
$922,254,000 | 0.22% |
| Firstenergy Corp. |
Opened
26,800
|
$916,024,000 | 0.22% |
| SouthState Corporation |
No change
13,498
|
$909,226,000 | 0.22% |
| HomeTrust Bancshares Inc |
6.98%
39,998
|
$866,757,000 | 0.21% |
| Capstar Finl Hldgs Inc |
13.83%
58,170
|
$825,433,000 | 0.20% |
| O-I Glass Inc |
Opened
47,900
|
$801,367,000 | 0.19% |
| NorthWestern Corporation |
Opened
16,000
|
$768,960,000 | 0.18% |
| Quanta Svcs Inc |
Opened
4,100
|
$766,987,000 | 0.18% |
| DTE Energy Co. |
Opened
7,700
|
$764,456,000 | 0.18% |
| Taylor Morrison Home Corp. |
No change
15,792
|
$672,897,000 | 0.16% |
| MYR Group Inc |
Opened
4,600
|
$619,896,000 | 0.15% |
| Eversource Energy |
Opened
10,600
|
$616,390,000 | 0.15% |
| First Bancorp N C |
Closed
19,269
|
$573,253,000 | |
| Lennar Corp. |
1.44%
5,560
|
$568,399,000 | 0.13% |
| Visa Inc |
11.11%
2,400
|
$552,024,000 | 0.13% |
| Disney Walt Co |
25.93%
6,000
|
$486,300,000 | 0.12% |
| American Wtr Wks Co Inc New |
Opened
3,800
|
$470,554,000 | 0.11% |
| TE Connectivity Ltd |
No change
3,657
|
$451,749,000 | 0.11% |
| Anheuser-Busch InBev SA/NV |
60.40%
8,000
|
$442,400,000 | 0.10% |
| Lamb Weston Holdings Inc |
No change
4,166
|
$385,188,000 | 0.09% |
| Mastec Inc. |
Opened
4,300
|
$309,471,000 | 0.07% |
| Hewlett Packard Enterprise C |
No change
16,471
|
$286,101,000 | 0.07% |
| Paramount Global |
Closed
17,824
|
$283,580,000 | |
| Novo-nordisk A S |
Opened
2,778
|
$252,631,000 | 0.06% |
| Conagra Brands Inc |
No change
9,000
|
$246,780,000 | 0.06% |
| Walmart Inc |
No change
1,500
|
$239,895,000 | 0.06% |
| PotlatchDeltic Corp |
No change
4,600
|
$208,794,000 | 0.05% |
| Tillys Inc |
Closed
14,647
|
$102,675,000 | |
| No transactions found | |||
| Showing first 500 out of 109 holdings | |||
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