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.

$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
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