Segra Capital Management 13F annual report

Segra Capital Management is an investment fund managing more than $109 billion ran by Mike Fabiano. There are currently 4 companies in Mr. Fabiano’s portfolio. The largest investments include NexGen Ltd and Ur-, together worth $84.4 billion.

$109 billion Assets Under Management (AUM)

As of 7th August 2024, Segra Capital Management’s top holding is 9,240,558 shares of NexGen Ltd currently worth over $64.5 billion and making up 59.1% of the portfolio value. Relative to the number of outstanding shares of NexGen Ltd, Segra Capital Management owns more than approximately 0.1% of the company. In addition, the fund holds 14,227,704 shares of Ur- worth $19.9 billion, whose value fell 41.4% in the past six months. The third-largest holding is Denison Mines Corp worth $16.2 billion and the next is BWX Technologies Inc worth $8.51 billion, with 89,625 shares owned.

Currently, Segra Capital Management's portfolio is worth at least $109 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 Segra Capital Management

The Segra Capital Management office and employees reside in Palm Beach, Florida. According to the last 13-F report filed with the SEC, Mike Fabiano serves as the COO/CFO/CCO at Segra Capital Management.

Recent trades

In the most recent 13F filing, Segra Capital Management revealed that it had opened a new position in BWX Technologies Inc and bought 89,625 shares worth $8.51 billion. This means they effectively own approximately 0.1% of the company. BWX Technologies Inc makes up 100.0% of the fund's Industrials sector allocation and has grown its share price by 31.5% in the past year.

The investment fund also strengthened its position in Ur- by buying 2,512,080 additional shares. This makes their stake in Ur- total 14,227,704 shares worth $19.9 billion. Ur- dropped 13.6% in the past year.

On the other hand, there are companies that Segra Capital Management is getting rid of from its portfolio. Segra Capital Management closed its position in Cameco on 14th August 2024. It sold the previously owned 339,758 shares for $14.7 billion. Mike Fabiano also disclosed a decreased stake in NexGen Ltd by approximately 0.1%. This leaves the value of the investment at $64.5 billion and 9,240,558 shares.

One of the smallest hedge funds

The two most similar investment funds to Segra Capital Management are Investment Partners Asset Management and Managed Account Advisors. They manage $109 billion and $109 billion respectively.

Mike Fabiano investment strategy

Segra Capital Management’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Materials — making up 77.4% of the total portfolio value. The fund focuses on investments in the Canada as 25.0% of the portfolio companies are based in the Canada.

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 approximately 0.1% 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 $2.54 billion.

The complete list of Segra Capital 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
NexGen Energy Ltd	1.83% 9,240,558	$64,499,095,000	59.12%
Ur-Energy Inc.	21.44% 14,227,704	$19,918,786,000	18.26%
Denison Mines Corp	34.61% 8,128,022	$16,174,764,000	14.82%
Cameco Corp.	Closed 339,758	$14,718,317,000
BWX Technologies Inc	Opened 89,625	$8,514,375,000	7.80%
No transactions found
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