Connacht Asset Management L.P. 13F annual report
Connacht Asset Management L.P. is an investment fund managing more than $34.8 billion ran by John Larkin. There are currently 75 companies in Mr. Larkin’s portfolio. The largest investments include Digitalbridge Group Inc and Chesapeake, together worth $2.3 billion.
$34.8 billion Assets Under Management (AUM)
As of 8th May 2023, Connacht Asset Management L.P.’s top holding is 102,939 shares of Digitalbridge Group Inc currently worth over $1.23 billion and making up 3.5% of the portfolio value.
In addition, the fund holds 13,970 shares of Chesapeake worth $1.06 billion, whose value fell 22.0% in the past six months.
The third-largest holding is Skechers U S A worth $993 million and the next is Acadia Healthcare Company In worth $958 million, with 13,255 shares owned.
Currently, Connacht Asset Management L.P.'s portfolio is worth at least $34.8 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 Connacht Asset Management L.P.
The Connacht Asset Management L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, John Larkin serves as the Chief Compliance Officer at Connacht Asset Management L.P..
Recent trades
In the most recent 13F filing, Connacht Asset Management L.P. revealed that it had opened a new position in
Skechers U S A and bought 20,895 shares worth $993 million.
This means they effectively own approximately 0.1% of the company.
Skechers U S A makes up
35.6%
of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Cerence Inc by buying
4,984 additional shares.
This makes their stake in Cerence Inc total 32,097 shares worth $902 million.
Cerence Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Connacht Asset Management L.P. is getting rid of from its portfolio.
Connacht Asset Management L.P. closed its position in Klx Energy Servics Holdngs I on 15th May 2023.
It sold the previously owned 184,411 shares for $3.19 billion.
John Larkin also disclosed a decreased stake in Digitalbridge Group Inc by 0.3%.
This leaves the value of the investment at $1.23 billion and 102,939 shares.
One of the smallest hedge funds
The two most similar investment funds to Connacht Asset Management L.P. are Wealthgate Family Office and Sassicaia Capital Advisers. They manage $34.8 billion and $34.5 billion respectively.
John Larkin investment strategy
Connacht Asset Management L.P.’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Health Care — making up 13.1% of
the total portfolio value.
The fund focuses on investments in the United States as
61.3% 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
17% 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 $42.2 billion.
The complete list of Connacht Asset 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 |
|---|---|---|---|
| Klx Energy Servics Holdngs I |
Closed
184,411
|
$3,192,154,000 | |
| Nine Energy Service Inc |
Closed
149,266
|
$2,168,835,000 | |
| Digitalbridge Group Inc |
29.58%
102,939
|
$1,234,236,000 | 3.55% |
| Natera Inc |
Closed
27,654
|
$1,110,861,000 | |
| Southwestern Energy Company |
Closed
185,100
|
$1,082,835,000 | |
| Chesapeake Energy Corp. |
51.81%
13,970
|
$1,062,310,000 | 3.05% |
| Skechers U S A, Inc. |
Opened
20,895
|
$992,930,000 | 2.85% |
| Acadia Healthcare Company In |
32.50%
13,255
|
$957,674,000 | 2.75% |
| Axsome Therapeutics Inc |
Closed
11,773
|
$908,051,000 | |
| Casella Waste Sys Inc |
19.42%
10,951
|
$905,210,000 | 2.60% |
| Cerence Inc |
18.38%
32,097
|
$901,605,000 | 2.59% |
| Topgolf Callaway Brands Corp |
18.25%
39,736
|
$859,092,000 | 2.47% |
| Humana Inc. |
Closed
1,642
|
$841,016,000 | |
| Amazon.com Inc. |
Closed
9,689
|
$813,876,000 | |
| Wolfspeed Inc |
11.08%
12,058
|
$783,167,000 | 2.25% |
| DigitalOcean Holdings, Inc. |
17.73%
18,752
|
$734,516,000 | 2.11% |
| Chefs Whse Inc |
23.71%
20,055
|
$682,873,000 | 1.96% |
| Wesco International, Inc. |
Opened
4,386
|
$677,812,000 | 1.95% |
| Bjs Whsl Club Hldgs Inc |
30.08%
8,731
|
$664,167,000 | 1.91% |
| Timken Co. |
Opened
8,092
|
$661,278,000 | 1.90% |
| Hancock Whitney Corp. |
2.03%
17,659
|
$642,788,000 | 1.85% |
| Hostess Brands, Inc. |
17.58%
23,116
|
$575,126,000 | 1.65% |
| Northwestern Corp. |
35.01%
9,803
|
$567,202,000 | 1.63% |
| Valvoline Inc |
Opened
16,048
|
$560,717,000 | 1.61% |
| Allison Transmission Hldgs I |
66.12%
12,318
|
$557,266,000 | 1.60% |
| Cigna Group (The) |
36.97%
2,085
|
$532,780,000 | 1.53% |
| Air Transport Services Grp I |
4.69%
25,178
|
$524,458,000 | 1.51% |
| DoubleVerify Holdings, Inc. |
62.86%
16,199
|
$488,400,000 | 1.40% |
| Nike, Inc. |
15.25%
3,937
|
$482,834,000 | 1.39% |
| Flywire Corporation |
20.69%
16,064
|
$471,639,000 | 1.35% |
| Five9 Inc |
12.55%
6,450
|
$466,271,000 | 1.34% |
| Summit Matls Inc |
13.98%
16,319
|
$464,928,000 | 1.34% |
| Americold Realty Trust Inc |
12.55%
16,305
|
$463,877,000 | 1.33% |
| Bausch Plus Lomb Corp |
91.78%
26,589
|
$462,914,000 | 1.33% |
| Elevance Health Inc |
Opened
1,006
|
$462,569,000 | 1.33% |
| Travel Plus Leisure Co |
5.62%
11,763
|
$461,110,000 | 1.32% |
| RBC Bearings Inc. |
20.15%
1,981
|
$461,038,000 | 1.32% |
| United Therapeutics Corp |
40.40%
2,047
|
$458,446,000 | 1.32% |
| Sprouts Fmrs Mkt Inc |
Opened
13,050
|
$457,142,000 | 1.31% |
| Planet Fitness Inc |
24.28%
5,851
|
$454,447,000 | 1.31% |
| Post Holdings Inc |
13.81%
5,052
|
$454,023,000 | 1.30% |
| Civitas Resources Inc |
Opened
6,631
|
$453,163,000 | 1.30% |
| Axon Enterprise Inc |
16.24%
2,007
|
$451,274,000 | 1.30% |
| VanEck ETF Trust |
Closed
1,468
|
$446,345,000 | |
| Pacwest Bancorp |
Closed
19,281
|
$442,499,000 | |
| Customers Bancorp Inc |
Closed
15,474
|
$438,533,000 | |
| Maravai Lifesciences Hldgs I |
11.86%
30,969
|
$433,876,000 | 1.25% |
| CubeSmart |
8.32%
9,293
|
$429,522,000 | 1.23% |
| Coca-Cola Co |
49.37%
6,857
|
$425,340,000 | 1.22% |
| East West Bancorp, Inc. |
40.79%
7,616
|
$422,688,000 | 1.21% |
| Intra-Cellular Therapies Inc |
3.08%
7,774
|
$420,962,000 | 1.21% |
| Radius Global Infrastrctre I |
Closed
34,433
|
$406,998,000 | |
| Johnson & Johnson |
57.52%
2,561
|
$396,955,000 | 1.14% |
| Liberty Energy Inc |
63.85%
30,275
|
$387,823,000 | 1.11% |
| PPL Corp |
Opened
13,753
|
$382,196,000 | 1.10% |
| Astrazeneca plc |
62.59%
5,478
|
$380,228,000 | 1.09% |
| Enphase Energy Inc |
Opened
1,756
|
$369,252,000 | 1.06% |
| MP Materials Corp. |
0.82%
12,844
|
$362,072,000 | 1.04% |
| Universal Display Corp. |
18.93%
2,287
|
$354,782,000 | 1.02% |
| Coherent Corp |
1.34%
9,147
|
$348,318,000 | 1.00% |
| Exelon Corp. |
Opened
8,267
|
$346,305,000 | 0.99% |
| Bank Ozk Little Rock Ark |
3.52%
10,111
|
$345,796,000 | 0.99% |
| Cymabay Therapeutics Inc |
Opened
39,127
|
$341,187,000 | 0.98% |
| Cactus Inc |
35.02%
8,236
|
$339,570,000 | 0.98% |
| Rogers Corp. |
Closed
2,826
|
$337,255,000 | |
| Roku Inc |
49.81%
5,059
|
$332,983,000 | 0.96% |
| Unitedhealth Group Inc |
Opened
701
|
$331,286,000 | 0.95% |
| Guardant Health Inc |
Closed
12,048
|
$327,706,000 | |
| Costco Whsl Corp New |
Opened
658
|
$326,940,000 | 0.94% |
| Magnite Inc |
20.50%
35,204
|
$325,989,000 | 0.94% |
| California Res Corp |
86.09%
8,455
|
$325,518,000 | 0.93% |
| Power Integrations Inc. |
32.44%
3,834
|
$324,510,000 | 0.93% |
| Q2 Holdings Inc |
Closed
12,049
|
$323,757,000 | |
| Macom Tech Solutions Hldgs I |
Opened
4,488
|
$317,930,000 | 0.91% |
| Viasat, Inc. |
Closed
9,959
|
$315,202,000 | |
| Spdr Ser Tr |
Closed
2,306
|
$313,339,000 | |
| Lumentum Holdings Inc |
Closed
6,006
|
$313,333,000 | |
| Bjs Restaurants Inc |
3.87%
10,575
|
$308,156,000 | 0.89% |
| Exact Sciences Corp. |
Closed
6,006
|
$297,357,000 | |
| Frontier Group Hldgs Inc |
Closed
28,421
|
$291,884,000 | |
| Icon Plc |
Opened
1,301
|
$277,881,000 | 0.80% |
| Envista Holdings Corp |
3.91%
6,412
|
$262,123,000 | 0.75% |
| Asml Holding N V |
69.13%
384
|
$261,393,000 | 0.75% |
| Surgery Partners Inc |
Opened
7,557
|
$260,490,000 | 0.75% |
| Excelerate Energy Inc |
Opened
11,240
|
$248,854,000 | 0.71% |
| Fluence Energy Inc |
19.88%
11,988
|
$242,757,000 | 0.70% |
| Cytokinetics Inc |
5.75%
6,874
|
$241,896,000 | 0.69% |
| Xenon Pharmaceuticals Inc |
Opened
6,391
|
$228,734,000 | 0.66% |
| Mirati Therapeutics Inc |
15.99%
5,994
|
$222,857,000 | 0.64% |
| Propetro Hldg Corp |
48.84%
30,196
|
$217,109,000 | 0.62% |
| Inhibrx, Inc. |
5.85%
11,433
|
$215,741,000 | 0.62% |
| Crinetics Pharmaceuticals In |
8.54%
13,391
|
$215,059,000 | 0.62% |
| Trade Desk Inc |
Opened
3,335
|
$203,135,000 | 0.58% |
| Brookdale Sr Living Inc |
Opened
49,653
|
$146,476,000 | 0.42% |
| No transactions found | |||
| Showing first 500 out of 94 holdings | |||
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