Lts One Management L.P. 13F annual report
Lts One Management L.P. is an investment fund managing more than $300 million ran by Jim Gallagher. There are currently 12 companies in Mr. Gallagher’s portfolio. The largest investments include International Flavorsfragra and Fomento Economico Mexicano S, together worth $102 million.
$300 million Assets Under Management (AUM)
As of 6th August 2024, Lts One Management L.P.’s top holding is 735,000 shares of International Flavorsfragra currently worth over $70 million and making up 23.3% of the portfolio value.
In addition, the fund holds 302,000 shares of Fomento Economico Mexicano S worth $32.5 million.
The third-largest holding is Amazon.com worth $30.9 million and the next is Intercontinental Exchange In worth $25.8 million, with 188,600 shares owned.
Currently, Lts One Management L.P.'s portfolio is worth at least $300 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 Lts One Management L.P.
The Lts One Management L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Jim Gallagher serves as the Chief Operating Officer at Lts One Management L.P..
Recent trades
In the most recent 13F filing, Lts One Management L.P. revealed that it had opened a new position in
Intuit Inc and bought 22,500 shares worth $14.8 million.
This means they effectively own approximately 0.1% of the company.
Intuit Inc makes up
100.0%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Intercontinental Exchange In by buying
8,600 additional shares.
This makes their stake in Intercontinental Exchange In total 188,600 shares worth $25.8 million.
On the other hand, there are companies that Lts One Management L.P. is getting rid of from its portfolio.
Lts One Management L.P. closed its position in Microsoft on 13th August 2024.
It sold the previously owned 50,000 shares for $21 billion.
Jim Gallagher also disclosed a decreased stake in International Flavorsfragra by 0.4%.
This leaves the value of the investment at $70 million and 735,000 shares.
One of the smallest hedge funds
The two most similar investment funds to Lts One Management L.P. are Joyn Advisors and Three Peaks Capital Management. They manage $300 million and $300 million respectively.
Jim Gallagher investment strategy
Lts One Management L.P.’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Industrials — making up 22.0% of
the total portfolio value.
The fund focuses on investments in the United States as
66.7% 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
67% 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 $101 billion.
The complete list of Lts One Management L.P. trades based on 13F SEC filings
These positions were updated on August 13th 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 |
|---|---|---|---|
| Microsoft Corporation |
Closed
50,000
|
$21,036,000,000 | |
| Moodys Corp |
Closed
45,000
|
$17,686,350,000 | |
| Epam Sys Inc |
Closed
52,500
|
$14,498,400,000 | |
| Gartner, Inc. |
Closed
25,000
|
$11,916,750,000 | |
| International Flavorsfragra |
37.04%
735,000
|
$69,979,000 | 23.29% |
| Fomento Economico Mexicano S |
12.46%
302,000
|
$32,510,000 | 10.82% |
| Amazon.com Inc. |
8.57%
160,000
|
$30,920,000 | 10.29% |
| Intercontinental Exchange In |
4.78%
188,600
|
$25,817,000 | 8.59% |
| Visa Inc |
31.85%
89,000
|
$23,360,000 | 7.78% |
| Aon plc. |
11.54%
72,500
|
$21,285,000 | 7.09% |
| CSX Corp. |
4.00%
600,000
|
$20,070,000 | 6.68% |
| TransUnion |
1.89%
260,000
|
$19,282,000 | 6.42% |
| GE Aerospace |
4.66%
112,500
|
$17,884,000 | 5.95% |
| Sherwin-Williams Co. |
39.63%
52,500
|
$15,668,000 | 5.22% |
| Intuit Inc |
Opened
22,500
|
$14,787,000 | 4.92% |
| WEX Inc |
Opened
50,000
|
$8,857,000 | 2.95% |
| No transactions found | |||
| Showing first 500 out of 16 holdings | |||
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