Torno Capital 13F annual report

Torno Capital is an investment fund managing more than $947 billion ran by Yarot Lafontaine. There are currently 48 companies in Lafontaine’s portfolio. The largest investments include Amazon.com and Apple Inc, together worth $336 billion.

Limited to 30 biggest holdings

$947 billion Assets Under Management (AUM)

As of 7th August 2024, Torno Capital’s top holding is 996,640 shares of Amazon.com currently worth over $193 billion and making up 20.3% of the portfolio value. Relative to the number of outstanding shares of Amazon.com, Torno Capital owns more than approximately 0.1% of the company. In addition, the fund holds 680,000 shares of Apple Inc worth $143 billion, whose value grew 20.2% in the past six months. The third-largest holding is Meta Platforms Inc worth $121 billion and the next is Alphabet Inc worth $98.1 billion, with 535,000 shares owned.

Currently, Torno Capital's portfolio is worth at least $947 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 Torno Capital

The Torno Capital office and employees reside in Cohasset, Massachusetts. According to the last 13-F report filed with the SEC, Yarot Lafontaine serves as the General Counsel at Torno Capital.

Recent trades

In the most recent 13F filing, Torno Capital revealed that it had opened a new position in Amazon.com and bought 996,640 shares worth $193 billion. This means they effectively own approximately 0.1% of the company. Amazon.com makes up 57.0% of the fund's Consumer Discretionary sector allocation and has grown its share price by 21.1% in the past year.

The investment fund also strengthened its position in Microsoft by buying 15,000 additional shares. This makes their stake in Microsoft total 200,000 shares worth $89.4 billion. Microsoft soared 27.8% in the past year.

On the other hand, there are companies that Torno Capital is getting rid of from its portfolio. Torno Capital closed its position in Booking Inc on 14th August 2024. It sold the previously owned 22,500 shares for $81.6 billion. Yarot Lafontaine also disclosed a decreased stake in Alphabet Inc by 0.9%. This leaves the value of the investment at $20.9 billion and 115,000 shares.

One of the average hedge funds

The two most similar investment funds to Torno Capital are Jnba Advisors and Sagefield Capital L.P.. They manage $947 billion and $948 billion respectively.

Yarot Lafontaine investment strategy

Torno Capital’s portfolio is diversified across 9 sectors. Currently, their heaviest sector is Technology — making up 52.9% of the total portfolio value. The fund focuses on investments in the United States as 62.5% 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 44% 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 $291 billion.

The complete list of Torno Capital 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
Amazon.com Inc.	Opened 996,640	$192,600,680,000	20.34%
Apple Inc	Opened 680,000	$143,221,600,000	15.12%
Meta Platforms Inc	Opened 240,000	$121,012,800,000	12.78%
Alphabet Inc	Opened 535,000	$98,129,700,000	10.36%
Microsoft Corporation	8.11% 200,000	$89,390,000,000	9.44%
NVIDIA Corp	Opened 700,000	$86,478,000,000	9.13%
Booking Holdings Inc	Closed 22,500	$81,627,300,000
Advanced Micro Devices Inc.	Opened 250,000	$40,552,500,000	4.28%
Regeneron Pharmaceuticals, Inc.	65.90% 36,000	$37,837,080,000	4.00%
Intuit Inc	Opened 49,500	$32,531,895,000	3.43%
Johnson Johnson	Opened 198,020	$28,942,603,000	3.06%
MercadoLibre Inc	Closed 18,500	$27,971,260,000
Ulta Beauty Inc	Closed 45,000	$23,529,600,000
Cadence Design System Inc	Closed 75,000	$23,346,000,000
Alphabet Inc	85.45% 115,000	$20,947,250,000	2.21%
Spdr Sp 500 Etf Tr	Opened 25,000	$13,605,500,000	1.44%
Super Micro Computer Inc	20.00% 12,000	$9,832,200,000	1.04%
Hershey Company	Opened 39,000	$7,169,370,000	0.76%
Dollar Tree Inc	Closed 45,000	$5,991,750,000
Jpmorgan Chase Co	Closed 25,000	$5,007,500,000
Ge Healthcare Technologies I	Closed 50,000	$4,545,500,000
Cedar Fair L P	Opened 81,200	$4,413,220,000	0.47%
Vertex Pharmaceuticals, Inc.	77.20% 8,720	$4,087,238,000	0.43%
Vanguard Index Fds	Closed 25,000	$2,162,000,000
LivaNova PLC	Closed 35,000	$1,957,900,000
Tractor Supply Co.	Opened 7,000	$1,890,000,000	0.20%
Vistra Corp	Opened 21,250	$1,827,075,000	0.19%
CRISPR Therapeutics AG	Closed 20,000	$1,363,200,000
Nextnav Inc	Opened 167,500	$1,358,425,000	0.14%
Pfizer Inc.	Closed 45,000	$1,248,750,000
Eog Res Inc	Opened 9,800	$1,233,526,000	0.13%
Qualcomm, Inc.	Closed 7,000	$1,185,100,000
Mastec Inc.	Opened 11,000	$1,176,890,000	0.12%
Indivior Plc	Opened 70,500	$1,136,460,000	0.12%
Snowflake Inc.	Opened 8,000	$1,080,720,000	0.11%
Nuvei Corporation Sub Vtg	Closed 30,000	$948,600,000
Neurocrine Biosciences, Inc.	Closed 6,000	$827,520,000
Viking Therapeutics Inc	Closed 10,000	$820,000,000
Berkshire Hathaway Inc.	97.01% 2,000	$813,600,000	0.09%
Ambarella Inc	Opened 15,000	$809,250,000	0.09%
Novartis AG	Opened 7,500	$798,450,000	0.08%
Ascendis Pharma A/S	Closed 4,500	$680,265,000
Phinia Inc	Closed 16,000	$614,880,000
Public Storage	Closed 2,000	$580,120,000
Ferroglobe Plc	Closed 115,000	$572,700,000
Exelixis Inc	Opened 25,000	$561,750,000	0.06%
Spirit Aerosystems Holdings Inc	Closed 15,000	$541,050,000
Axonics Inc	Closed 7,500	$517,275,000
Guardant Health Inc	Closed 25,000	$515,750,000
Cummins Inc.	Closed 1,400	$412,510,000
Calix Inc	Opened 11,575	$410,102,000	0.04%
United States Stl Corp	Opened 10,000	$378,000,000	0.04%
Ionis Pharmaceuticals Inc	Closed 8,000	$346,800,000
Immunocore Hldgs Plc	Opened 10,010	$339,239,000	0.04%
Mobileye Global Inc Common	Closed 10,000	$321,500,000
Sprott Fds Tr	68.31% 6,500	$320,060,000	0.03%
Madrigal Pharmaceuticals Inc	Opened 1,000	$280,160,000	0.03%
Krystal Biotech Inc	Closed 1,500	$266,895,000
Danaher Corp.	Closed 1,000	$249,720,000
Louisiana Pac Corp	Opened 3,000	$246,990,000	0.03%
Global X Fds	55.56% 8,000	$231,600,000	0.02%
Brookfield Asset Managmt Ltd	Opened 6,000	$228,300,000	0.02%
Zillow Group Inc	Closed 4,500	$215,370,000
Exact Sciences Corp.	Closed 3,000	$207,180,000
3M Co.	Opened 2,000	$204,380,000	0.02%
Blueprint Medicines Corp	Closed 2,000	$189,720,000
Carmax Inc	Opened 2,500	$183,350,000	0.02%
Day One Biopharmaceuticals I	Opened 13,037	$179,650,000	0.02%
Oceaneering International, Inc.	Closed 7,500	$175,500,000
Zeta Global Holdings Corp.	Closed 14,632	$159,928,000
Arcturus Therapeutics Hldgs	Closed 4,700	$158,719,000
Twist Bioscience Corp	Closed 4,500	$154,395,000
Quanterix Corp	Closed 6,000	$141,360,000
Endeavor Group Hldgs Inc	Closed 5,000	$128,650,000
Enhabit, Inc.	Closed 10,000	$116,500,000
Liquidia Corp	Opened 9,500	$114,000,000	0.01%
Palo Alto Networks Inc	Opened 330	$111,873,000	0.01%
Cannae Holdings Inc	Closed 5,000	$111,200,000
Zim Integrated Shipping Serv	Closed 10,000	$101,200,000
American Tower Corp.	Opened 500	$97,190,000	0.01%
Velocity Finl Inc	Closed 5,000	$90,000,000
Sirius XM Holdings Inc	Closed 20,000	$77,600,000
Matterport Inc	Opened 15,000	$67,050,000	0.01%
TPI Composites Inc	Closed 22,500	$65,475,000
Sentinelone Inc	33.33% 3,000	$63,150,000	0.01%
Kindly Md Inc	Opened 20,865	$57,379,000	0.01%
Globalfoundries Inc	Closed 1,000	$52,110,000
Duke Energy Corp.	93.33% 500	$50,115,000	0.01%
TREX Co., Inc.	Closed 500	$49,875,000
Amicus Therapeutics Inc	Closed 4,000	$47,120,000
Green Dot Corp.	Opened 4,000	$37,800,000	0.00%
Coherus Biosciences Inc	Closed 10,000	$23,900,000
Tiptree Inc	Opened 1,400	$23,086,000	0.00%
Draganfly Inc.	Closed 100,000	$18,990,000
Medical Pptys Trust Inc	Opened 4,000	$17,240,000	0.00%
Innoviz Technologies Ltd	Closed 9,000	$12,150,000
No transactions found
Showing first 500 out of 96 holdings