Fund 1 Investments 13F annual report
Fund 1 Investments is an investment fund managing more than $460 billion ran by Benjamin Cable. There are currently 43 companies in Mr. Cable’s portfolio. The largest investments include Bjs Restaurants Inc and Tillys Inc, together worth $101 billion.
$460 billion Assets Under Management (AUM)
As of 7th February 2024, Fund 1 Investments’s top holding is 1,419,430 shares of Bjs Restaurants Inc currently worth over $51.1 billion and making up 11.1% of the portfolio value.
In addition, the fund holds 6,624,603 shares of Tillys Inc worth $49.9 billion, whose value fell 16.0% in the past six months.
The third-largest holding is Hibbett Inc worth $43.6 billion and the next is Citi Trends Inc worth $37.6 billion, with 1,329,342 shares owned.
Currently, Fund 1 Investments's portfolio is worth at least $460 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 Fund 1 Investments
The Fund 1 Investments office and employees reside in Rincon, Puerto Rico. According to the last 13-F report filed with the SEC, Benjamin Cable serves as the Chief Operating Officer at Fund 1 Investments.
Recent trades
In the most recent 13F filing, Fund 1 Investments revealed that it had opened a new position in
Bjs Restaurants Inc and bought 1,419,430 shares worth $51.1 billion.
The investment fund also strengthened its position in Tillys Inc by buying
236,800 additional shares.
This makes their stake in Tillys Inc total 6,624,603 shares worth $49.9 billion.
Tillys Inc dropped 18.7% in the past year.
On the other hand, there are companies that Fund 1 Investments is getting rid of from its portfolio.
Fund 1 Investments closed its position in Nordstrom on 14th February 2024.
It sold the previously owned 496,101 shares for $7.41 billion.
Benjamin Cable also disclosed a decreased stake in Herbalife Ltd by approximately 0.1%.
This leaves the value of the investment at $16.4 billion and 1,072,975 shares.
One of the average hedge funds
The two most similar investment funds to Fund 1 Investments are Diversified and Kavar Capital Partners Group. They manage $460 billion and $461 billion respectively.
Benjamin Cable investment strategy
Fund 1 Investments’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 60.4% of
the total portfolio value.
The fund focuses on investments in the United States as
62.8% 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
7% 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 $5.98 billion.
The complete list of Fund 1 Investments trades based on 13F SEC filings
These positions were updated on February 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 |
|---|---|---|---|
| Bjs Restaurants Inc |
Opened
1,419,430
|
$51,113,674,000 | 11.11% |
| Tillys Inc |
3.71%
6,624,603
|
$49,949,507,000 | 10.85% |
| Hibbett Inc |
Opened
605,123
|
$43,580,958,000 | 9.47% |
| Citi Trends Inc |
55.55%
1,329,342
|
$37,593,792,000 | 8.17% |
| Tile Shop Holdings, Inc. |
13.86%
5,100,446
|
$37,539,283,000 | 8.16% |
| Sharkninja Inc |
200.91%
731,424
|
$37,426,966,000 | 8.13% |
| Destination XL Group Inc |
144.25%
5,239,180
|
$23,052,392,000 | 5.01% |
| 1 800 Fowers Com Inc |
116.59%
1,866,048
|
$20,115,997,000 | 4.37% |
| Herbalife Ltd |
5.94%
1,072,975
|
$16,373,599,000 | 3.56% |
| Vera Bradley Inc |
93.65%
1,762,471
|
$13,571,027,000 | 2.95% |
| Tapestry Inc |
Opened
359,200
|
$13,222,152,000 | 2.87% |
| Funko Inc |
252.43%
1,489,647
|
$11,514,971,000 | 2.50% |
| Macys Inc |
Opened
497,422
|
$10,008,131,000 | 2.17% |
| Alibaba Group Hldg Lts |
1,157.00%
125,700
|
$9,743,007,000 | 2.12% |
| J.Jill Inc |
68.56%
356,217
|
$9,183,274,000 | 2.00% |
| El Pollo Loco Holdings Inc |
Opened
878,238
|
$7,746,059,000 | 1.68% |
| Amazon.com Inc. |
33.33%
50,000
|
$7,597,000,000 | 1.65% |
| Nordstrom, Inc. |
Closed
496,101
|
$7,411,749,000 | |
| Zumiez Inc |
21.29%
360,148
|
$7,325,410,000 | 1.59% |
| Occidental Pete Corp |
20.00%
120,000
|
$7,165,200,000 | 1.56% |
| Arhaus Inc |
24.27%
574,876
|
$6,812,281,000 | 1.48% |
| Hilton Grand Vacations Inc |
30.27%
134,490
|
$5,403,808,000 | 1.17% |
| Academy Sports & Outdoors In |
Closed
107,300
|
$5,072,071,000 | |
| Smith And Wesson Brands Inc |
Opened
353,217
|
$4,789,623,000 | 1.04% |
| Vince Hldg Corp |
0.53%
1,242,976
|
$4,300,697,000 | 0.93% |
| Angiodynamics Inc |
Opened
496,891
|
$3,895,625,000 | 0.85% |
| Red Robin Gourmet Burgers Inc |
252.99%
304,429
|
$3,796,230,000 | 0.82% |
| Childrens Pl Inc New |
Closed
130,486
|
$3,527,037,000 | |
| PetIQ Inc |
11.06%
147,645
|
$2,915,989,000 | 0.63% |
| Kontoor Brands Inc |
Closed
66,317
|
$2,911,979,000 | |
| Perrigo Co Plc |
Opened
85,250
|
$2,743,345,000 | 0.60% |
| Wayfair Inc |
Closed
44,952
|
$2,722,743,000 | |
| Beyond Inc |
Opened
85,573
|
$2,369,516,000 | 0.51% |
| Par Technology Corp. |
Closed
56,940
|
$2,194,468,000 | |
| Brinker International, Inc. |
Closed
49,256
|
$1,555,997,000 | |
| Dave & Busters Entmt Inc |
Closed
38,807
|
$1,438,575,000 | |
| Torrid Holdings Inc. |
493.61%
200,641
|
$1,157,699,000 | 0.25% |
| JD.com Inc |
Opened
40,000
|
$1,155,600,000 | 0.25% |
| CarParts.com Inc |
Closed
273,708
|
$1,127,677,000 | |
| LendingTree Inc. |
No change
34,015
|
$1,031,335,000 | 0.22% |
| Borr Drilling Ltd |
No change
136,000
|
$1,000,960,000 | 0.22% |
| EZCorp, Inc. |
Closed
119,274
|
$984,011,000 | |
| Antero Resources Corp |
2.00%
40,800
|
$925,344,000 | 0.20% |
| Dennys Corp |
Closed
93,443
|
$791,462,000 | |
| Stitch Fix Inc |
362.08%
204,960
|
$731,707,000 | 0.16% |
| Noodles & Company |
Closed
285,791
|
$703,046,000 | |
| Aarons Company Inc (The) |
Closed
65,186
|
$682,497,000 | |
| Grupo Televisa S A B |
Opened
200,000
|
$668,000,000 | 0.15% |
| Purple Innovation Inc |
58.77%
624,626
|
$643,365,000 | 0.14% |
| Ardagh Metal Packaging S A |
Closed
181,000
|
$566,530,000 | |
| Container Store Group Inc |
Closed
209,045
|
$470,351,000 | |
| Tetra Technologies, Inc. |
Opened
100,000
|
$452,000,000 | 0.10% |
| Joint Corp |
No change
45,306
|
$435,391,000 | 0.09% |
| Farfetch Ltd |
Closed
207,850
|
$434,407,000 | |
| Alliance Resource Partners L |
Closed
17,587
|
$396,235,000 | |
| Sportsmans Whse Hldgs Inc |
Opened
87,956
|
$374,693,000 | 0.08% |
| Fiscalnote Holdings Inc |
Closed
130,000
|
$270,400,000 | |
| ONE Group Hospitality Inc |
No change
41,311
|
$252,823,000 | 0.05% |
| Fossil Group Inc |
No change
156,955
|
$229,154,000 | 0.05% |
| Snap Inc |
Closed
25,000
|
$222,750,000 | |
| Xponential Fitness, Inc. |
25.86%
17,131
|
$220,819,000 | 0.05% |
| A K A Brands Hldg Corp |
Closed
395,393
|
$171,956,000 | |
| SmartRent Inc |
Closed
35,274
|
$92,065,000 | |
| Smiledirectclub Inc |
Closed
200,000
|
$83,000,000 | |
| Diversified Energy Company Plc |
Opened
3,750
|
$56,250,000 | 0.01% |
| Allbirds Inc |
Closed
30,300
|
$33,633,000 | |
| PFSWEB Inc |
Closed
4,053
|
$30,154,000 | |
| Joann Inc |
Closed
12,438
|
$8,955,000 | |
| No transactions found | |||
| Showing first 500 out of 68 holdings | |||
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