Litespeed Management 13F annual report
Litespeed Management is an investment fund managing more than $48.2 million ran by Carlos Leal. There are currently 14 companies in Mr. Leal’s portfolio. The largest investments include R1 RCM and Macquarie Infrasture, together worth $19.4 million.
$48.2 million Assets Under Management (AUM)
As of 7th October 2020, Litespeed Management’s top holding is 976,096 shares of R1 RCM currently worth over $10.9 million and making up 22.6% of the portfolio value.
Relative to the number of outstanding shares of R1 RCM, Litespeed Management owns more than approximately 0.1% of the company.
In addition, the fund holds 272,400 shares of Macquarie Infrasture worth $8.51 million.
The third-largest holding is Genworth Finl Inc worth $6.82 million and the next is Scripps Ew worth $4.23 million, with 483,000 shares owned.
Currently, Litespeed Management's portfolio is worth at least $48.2 million. 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 Litespeed Management
The Litespeed Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Carlos Leal serves as the Authorized Signatory at Litespeed Management.
Recent trades
In the most recent 13F filing, Litespeed Management revealed that it had opened a new position in
PG&E and bought 200,000 shares worth $1.77 million.
This means they effectively own approximately 0.1% of the company.
PG&E makes up
100.0%
of the fund's Utilities sector allocation and has grown its share price by 34.6% in the past year.
The investment fund also strengthened its position in Taubman Cntr by buying
51,800 additional shares.
This makes their stake in Taubman Cntr total 108,800 shares worth $4.11 million.
On the other hand, there are companies that Litespeed Management is getting rid of from its portfolio.
Litespeed Management closed its position in NeoPhotonics on 14th August 2020.
It sold the previously owned 369,000 shares for $2.68 million.
Carlos Leal also disclosed a decreased stake in Craft Brew Alliance by 0.6%.
This leaves the value of the investment at $470 thousand and 30,570 shares.
One of the smallest hedge funds
The two most similar investment funds to Litespeed Management are Sheffield Asset Management, L.L.C and All-stars Investment Ltd. They manage $48.1 million and $48.1 million respectively.
Carlos Leal investment strategy
Litespeed Management’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Health Care — making up 22.6% of
the total portfolio value.
The fund focuses on investments in the United States as
57.1% 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
14% 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 $4.93 billion.
The complete list of Litespeed Management trades based on 13F SEC filings
These positions were updated on August 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 |
|---|---|---|---|
| R1 RCM, Inc. |
No change
976,096
|
$10,883,000 | 22.57% |
| Macquarie Infrasture |
No change
272,400
|
$8,513,000 | 17.66% |
| Genworth Finl Inc |
No change
2,950,000
|
$6,815,000 | 14.14% |
| Scripps Ew |
No change
483,000
|
$4,226,000 | 8.77% |
| Taubman Cntr |
90.88%
108,800
|
$4,108,000 | 8.52% |
| TEGNA, Inc. |
No change
254,062
|
$2,830,000 | 5.87% |
| Wright Med Group N V |
8.05%
94,000
|
$2,794,000 | 5.80% |
| Fitbit, Inc. |
No change
430,000
|
$2,778,000 | 5.76% |
| NeoPhotonics Corp. |
Closed
369,000
|
$2,675,000 | |
| Expedia Group, Inc. |
No change
27,000
|
$2,219,000 | 4.60% |
| PG&E Corp. |
Opened
200,000
|
$1,774,000 | 3.68% |
| Navistar International Corp. |
Closed
47,000
|
$775,000 | |
| Caesars Entmt Corp |
Closed
110,000
|
$744,000 | |
| Craft Brew Alliance, Inc. |
55.10%
30,570
|
$470,000 | 0.97% |
| The Manitowoc Co., Inc. |
Opened
39,038
|
$425,000 | 0.88% |
| Pitney Bowes, Inc. |
Opened
129,351
|
$336,000 | 0.70% |
| Lyondellbasell Ind |
No change
765
|
$38,000 | 0.08% |
| No transactions found | |||
| Showing first 500 out of 17 holdings | |||
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