Impactive Capital L.P. 13F annual report

Impactive Capital L.P. is an investment fund managing more than $2.65 trillion ran by James Garrett. There are currently 9 companies in Mr. Garrett’s portfolio. The largest investments include WEX Inc and Asbury Auto Gp, together worth $976 billion.

$2.65 trillion Assets Under Management (AUM)

As of 8th May 2024, Impactive Capital L.P.’s top holding is 2,105,947 shares of WEX Inc currently worth over $500 billion and making up 18.9% of the portfolio value. Relative to the number of outstanding shares of WEX Inc, Impactive Capital L.P. owns less than approximately 0.1% of the company. In addition, the fund holds 2,017,402 shares of Asbury Auto Gp worth $476 billion. The third-largest holding is SLM worth $429 billion and the next is Clarivate Plc worth $282 billion, with 37,887,185 shares owned.

Currently, Impactive Capital L.P.'s portfolio is worth at least $2.65 trillion. 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 Impactive Capital L.P.

The Impactive Capital L.P. office and employees reside in New York City, New York. According to the last 13-F report filed with the SEC, James Garrett serves as the Chief Compliance Officer and Chief Financial Officer at Impactive Capital L.P..

Recent trades

In the most recent 13F filing, Impactive Capital L.P. revealed that it had opened a new position in Marriott Vacations Wdwide Corp and bought 1,147,429 shares worth $124 billion.

The investment fund also strengthened its position in Clarivate Plc by buying 9,278,266 additional shares. This makes their stake in Clarivate Plc total 37,887,185 shares worth $282 billion. Clarivate Plc dropped approximately 0.1% in the past year.

On the other hand, there are companies that Impactive Capital L.P. is getting rid of from its portfolio. Impactive Capital L.P. closed its position in Avid Technology on 15th May 2024. It sold the previously owned 7,131,793 shares for $182 billion. James Garrett also disclosed a decreased stake in Asbury Auto Gp by approximately 0.1%. This leaves the value of the investment at $476 billion and 2,017,402 shares.

One of the largest hedge funds

The two most similar investment funds to Impactive Capital L.P. are Wesbanco Bank Inc and Interval Partners, L.P.. They manage $2.65 trillion and $2.65 trillion respectively.

James Garrett investment strategy

Impactive Capital L.P.’s portfolio is diversified across 5 sectors. Currently, their heaviest sector is Industrials — making up 29.5% of the total portfolio value. The fund focuses on investments in the United States as 55.6% 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 22% 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 $8.06 billion.

The complete list of Impactive Capital 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
WEX Inc	No change 2,105,947	$500,225,591,000	18.91%
Asbury Auto Gp	1.32% 2,017,402	$475,663,044,000	17.98%
SLM Corp.	1.51% 19,697,400	$429,206,346,000	16.22%
Clarivate Plc	32.43% 37,887,185	$281,501,785,000	10.64%
Concentrix Corporation	53.82% 3,846,370	$254,706,621,000	9.63%
Envestnet Inc.	0.79% 4,183,865	$242,287,622,000	9.16%
Crown Holdings, Inc.	No change 2,955,488	$234,251,979,000	8.85%
Avid Technology, Inc.	Closed 7,131,793	$181,860,722,000
Marriott Vacations Wdwide Corp	Opened 1,147,429	$123,612,526,000	4.67%
Walker Dunlop Inc	Opened 1,034,093	$104,505,439,000	3.95%
No transactions found
Showing first 500 out of 10 holdings