Factorial Partners 13F annual report
Factorial Partners is an investment fund managing more than $162 billion ran by Mark Kleiman. There are currently 76 companies in Mr. Kleiman’s portfolio. The largest investments include United Rentals and Citigroup Inc, together worth $12.3 billion.
$162 billion Assets Under Management (AUM)
As of 31st July 2024, Factorial Partners’s top holding is 10,550 shares of United Rentals currently worth over $6.82 billion and making up 4.2% of the portfolio value.
Relative to the number of outstanding shares of United Rentals, Factorial Partners owns more than approximately 0.1% of the company.
In addition, the fund holds 86,000 shares of Citigroup Inc worth $5.46 billion, whose value grew 3.1% in the past six months.
The third-largest holding is Wk Kellogg Co worth $4.94 billion and the next is Federated Hermes Inc worth $4.73 billion, with 143,739 shares owned.
Currently, Factorial Partners's portfolio is worth at least $162 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 Factorial Partners
The Factorial Partners office and employees reside in Mt. Kisco, New York. According to the last 13-F report filed with the SEC, Mark Kleiman serves as the Managing Member at Factorial Partners.
Recent trades
In the most recent 13F filing, Factorial Partners revealed that it had opened a new position in
Federated Hermes Inc and bought 143,739 shares worth $4.73 billion.
This means they effectively own approximately 0.1% of the company.
Federated Hermes Inc makes up
17.6%
of the fund's Finance sector allocation and has decreased its share price by 2.1% in the past year.
The investment fund also strengthened its position in Match by buying
34,000 additional shares.
This makes their stake in Match total 140,000 shares worth $4.25 billion.
Match dropped 17.9% in the past year.
On the other hand, there are companies that Factorial Partners is getting rid of from its portfolio.
Factorial Partners closed its position in Globe Life on 7th August 2024.
It sold the previously owned 18,800 shares for $2.19 billion.
Mark Kleiman also disclosed a decreased stake in United Rentals by approximately 0.1%.
This leaves the value of the investment at $6.82 billion and 10,550 shares.
One of the smallest hedge funds
The two most similar investment funds to Factorial Partners are Intelligent Strategies and Family Cfo Inc. They manage $162 billion and $162 billion respectively.
Mark Kleiman investment strategy
Factorial Partners’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Finance — making up 16.5% of
the total portfolio value.
The fund focuses on investments in the United States as
55.3% 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
21% of the total holdings value.
On the other hand, small-cap stocks make up only 1.3% of the portfolio.
The average market cap of the portfolio companies is close to $79.1 billion.
The complete list of Factorial Partners trades based on 13F SEC filings
These positions were updated on August 7th 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 |
|---|---|---|---|
| United Rentals, Inc. |
4.09%
10,550
|
$6,823,002,000 | 4.20% |
| Citigroup Inc |
3.80%
86,000
|
$5,457,560,000 | 3.36% |
| Wk Kellogg Co |
No change
300,000
|
$4,938,000,000 | 3.04% |
| Federated Hermes Inc |
Opened
143,739
|
$4,726,138,000 | 2.91% |
| Chord Energy Corporation |
3.25%
26,800
|
$4,493,824,000 | 2.77% |
| Teva Pharmaceutical Inds Ltd |
No change
272,000
|
$4,420,000,000 | 2.72% |
| Match Group Inc. |
32.08%
140,000
|
$4,253,200,000 | 2.62% |
| Synchrony Financial |
12.50%
90,000
|
$4,247,100,000 | 2.61% |
| Corpay Inc |
7.80%
15,200
|
$4,049,432,000 | 2.49% |
| Seaboard Corp. |
Opened
1,213
|
$3,833,978,000 | 2.36% |
| Cigna Group (The) |
5.96%
11,550
|
$3,818,084,000 | 2.35% |
| Apple Inc |
7.77%
17,800
|
$3,749,036,000 | 2.31% |
| Genworth Finl Inc |
9.73%
620,000
|
$3,744,800,000 | 2.30% |
| Discover Finl Svcs |
No change
28,400
|
$3,715,004,000 | 2.29% |
| Citizens Finl Group Inc |
No change
99,000
|
$3,566,970,000 | 2.20% |
| Solventum Corp |
Opened
67,000
|
$3,542,960,000 | 2.18% |
| Ishares Tr |
No change
37,900
|
$4,587,550,000 | 2.82% |
| Air Lease Corp |
No change
72,000
|
$3,422,160,000 | 2.11% |
| Fidelity Natl Information Sv |
13.20%
44,700
|
$3,368,592,000 | 2.07% |
| Cannae Holdings Inc |
242.62%
184,177
|
$3,340,971,000 | 2.06% |
| Conduent Inc |
Opened
1,010,671
|
$3,294,787,000 | 2.03% |
| Allison Transmission Hldgs I |
2.33%
42,000
|
$3,187,800,000 | 1.96% |
| Nomad Foods Ltd |
52.63%
180,100
|
$2,968,048,000 | 1.83% |
| Viatris Inc. |
No change
276,000
|
$2,933,880,000 | 1.81% |
| Travel Plus Leisure Co |
3.28%
63,000
|
$2,833,740,000 | 1.74% |
| CSX Corp. |
5.51%
84,000
|
$2,809,800,000 | 1.73% |
| Group 1 Automotive, Inc. |
8.14%
9,300
|
$2,764,704,000 | 1.70% |
| First Horizon Corporation |
43.10%
166,000
|
$2,617,820,000 | 1.61% |
| V2X Inc |
28.57%
54,000
|
$2,589,840,000 | 1.59% |
| Tri Pointe Homes Inc. |
No change
68,900
|
$2,566,525,000 | 1.58% |
| Taylor Morrison Home Corp. |
No change
46,000
|
$2,550,240,000 | 1.57% |
| S&P Global Inc |
No change
5,700
|
$2,542,200,000 | 1.56% |
| Invesco Exchange Traded Fd T |
No change
14,000
|
$2,299,920,000 | 1.42% |
| Aercap Holdings Nv |
25.76%
24,500
|
$2,283,400,000 | 1.41% |
| Globe Life Inc. |
Closed
18,800
|
$2,187,756,000 | |
| Norfolk Southn Corp |
24.90%
9,800
|
$2,103,962,000 | 1.29% |
| Esab Corporation |
Closed
19,000
|
$2,100,830,000 | |
| Atkore Inc |
15.67%
15,500
|
$2,091,415,000 | 1.29% |
| Asbury Automotive Group Inc |
3.49%
8,300
|
$1,891,321,000 | 1.16% |
| Vitesse Energy Inc |
No change
79,000
|
$1,872,300,000 | 1.15% |
| Gentex Corp. |
No change
51,000
|
$1,719,210,000 | 1.06% |
| nVent Electric plc |
65.05%
21,600
|
$1,654,776,000 | 1.02% |
| Msc Indl Direct Inc |
Closed
16,000
|
$1,552,640,000 | |
| Brinker International, Inc. |
Closed
31,000
|
$1,540,080,000 | |
| Century Cmntys Inc |
18.47%
18,600
|
$1,518,876,000 | 0.93% |
| M.D.C. Holdings, Inc. |
Closed
23,500
|
$1,478,385,000 | |
| Radian Group, Inc. |
No change
47,000
|
$1,461,700,000 | 0.90% |
| Bristol-Myers Squibb Co. |
14.63%
35,000
|
$1,453,550,000 | 0.89% |
| Masterbrand Inc |
34.41%
93,400
|
$1,371,112,000 | 0.84% |
| Perrigo Co Plc |
54.39%
52,000
|
$1,335,360,000 | 0.82% |
| Cheesecake Factory Inc. |
No change
33,000
|
$1,296,570,000 | 0.80% |
| Orasure Technologies Inc. |
86.27%
303,627
|
$1,293,451,000 | 0.80% |
| Gulf Is Fabrication Inc |
410.86%
199,236
|
$1,209,363,000 | 0.74% |
| American Express Co. |
No change
5,200
|
$1,204,060,000 | 0.74% |
| Kellanova Co |
20.61%
20,800
|
$1,199,744,000 | 0.74% |
| Dine Brands Global Inc |
10.00%
33,000
|
$1,194,600,000 | 0.74% |
| Home Depot, Inc. |
Closed
3,100
|
$1,189,160,000 | |
| Capital One Finl Corp |
63.13%
8,000
|
$1,107,600,000 | 0.68% |
| Macys Inc |
No change
50,000
|
$960,000,000 | 0.59% |
| Phibro Animal Health Corp. |
26.51%
56,000
|
$939,120,000 | 0.58% |
| Unitedhealth Group Inc |
70.00%
1,800
|
$916,668,000 | 0.56% |
| Bread Financial Holdings Inc |
171.43%
19,000
|
$846,640,000 | 0.52% |
| Albertsons Cos Inc |
43.92%
41,500
|
$819,625,000 | 0.50% |
| Zimvie Inc |
47.87%
44,000
|
$803,000,000 | 0.49% |
| B & G Foods Inc New |
No change
99,300
|
$802,344,000 | 0.49% |
| OneSpan Inc |
70.83%
60,297
|
$773,008,000 | 0.48% |
| Cracker Barrel Old Ctry Stor |
27.82%
17,000
|
$716,720,000 | 0.44% |
| Angiodynamics Inc |
No change
116,500
|
$704,825,000 | 0.43% |
| Orthofix Med Inc |
Closed
48,254
|
$700,648,000 | |
| Bloomin Brands Inc |
No change
35,900
|
$690,357,000 | 0.42% |
| Vanguard Admiral Fds Inc |
No change
7,000
|
$612,990,000 | 0.38% |
| Franklin Resources, Inc. |
Closed
19,000
|
$534,090,000 | |
| Autonation Inc. |
33.33%
3,200
|
$510,016,000 | 0.31% |
| Meritage Homes Corp. |
Closed
2,700
|
$473,742,000 | |
| Campbell Soup Co. |
Opened
9,500
|
$429,305,000 | 0.26% |
| Progressive Corp. |
No change
2,000
|
$415,420,000 | 0.26% |
| KB Home |
53.39%
5,500
|
$385,990,000 | 0.24% |
| Varex Imaging Corp |
Closed
19,500
|
$352,950,000 | |
| M/i Homes Inc |
47.37%
2,800
|
$341,992,000 | 0.21% |
| Lithia Mtrs Inc |
46.67%
1,280
|
$323,136,000 | 0.20% |
| Wells Fargo Co New |
90.52%
4,400
|
$261,316,000 | 0.16% |
| Alpha & Omega Semiconductor Ltd |
Closed
10,600
|
$233,624,000 | |
| Sila Realty Trust Inc |
Opened
11,000
|
$232,870,000 | 0.14% |
| Autozone Inc. |
No change
70
|
$207,487,000 | 0.13% |
| Inogen Inc |
42.44%
23,732
|
$192,941,000 | 0.12% |
| Xperi Inc |
63.16%
21,000
|
$172,410,000 | 0.11% |
| UNIFI, Inc. |
Opened
17,549
|
$103,364,000 | 0.06% |
| 8X8 Inc. |
Closed
23,000
|
$62,100,000 | |
| No transactions found | |||
| Showing first 500 out of 88 holdings | |||
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