Lapides Asset Management 13F annual report
Lapides Asset Management is an investment fund managing more than $153 billion ran by James Betz. There are currently 51 companies in Mr. Betz’s portfolio. The largest investments include Euronet Worldwide Inc and Ishares Russell 2000 Etf, together worth $15 billion.
$153 billion Assets Under Management (AUM)
As of 28th July 2023, Lapides Asset Management’s top holding is 67,400 shares of Euronet Worldwide Inc currently worth over $7.91 billion and making up 5.2% of the portfolio value.
Relative to the number of outstanding shares of Euronet Worldwide Inc, Lapides Asset Management owns more than approximately 0.1% of the company.
In addition, the fund holds 37,700 shares of Ishares Russell 2000 Etf worth $7.06 billion.
The third-largest holding is Knowles Corp worth $6.86 billion and the next is Criteo Sa Spons Ads worth $6.7 billion, with 198,700 shares owned.
Currently, Lapides Asset Management's portfolio is worth at least $153 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 Lapides Asset Management
The Lapides Asset Management office and employees reside in Greenwich, Connecticut. According to the last 13-F report filed with the SEC, James Betz serves as the COO/CCO at Lapides Asset Management.
Recent trades
In the most recent 13F filing, Lapides Asset Management revealed that it had opened a new position in
Ishares Russell 2000 Etf and bought 37,700 shares worth $7.06 billion.
The investment fund also strengthened its position in ADT Inc by buying
180,400 additional shares.
This makes their stake in ADT Inc total 924,000 shares worth $5.57 billion.
ADT Inc dropped 17.8% in the past year.
On the other hand, there are companies that Lapides Asset Management is getting rid of from its portfolio.
Lapides Asset Management closed its position in Cutera Inc on 4th August 2023.
It sold the previously owned 100,500 shares for $2.37 million.
James Betz also disclosed a decreased stake in Euronet Worldwide Inc by approximately 0.1%.
This leaves the value of the investment at $7.91 billion and 67,400 shares.
One of the smaller hedge funds
The two most similar investment funds to Lapides Asset Management are Aurora Investment Counsel and Fortis Advisors. They manage $153 billion and $153 billion respectively.
James Betz investment strategy
Lapides Asset Management’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Technology — making up 27.4% of
the total portfolio value.
The fund focuses on investments in the United States as
70.6% 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
16% 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 $5.66 billion.
The complete list of Lapides Asset Management trades based on 13F SEC filings
These positions were updated on August 4th 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 |
|---|---|---|---|
| Euronet Worldwide Inc |
6.00%
67,400
|
$7,910,738,000 | 5.17% |
| Ishares Russell 2000 Etf |
Opened
37,700
|
$7,060,079,000 | 4.62% |
| Knowles Corp |
11.45%
379,600
|
$6,855,576,000 | 4.48% |
| Criteo Sa Spons Ads |
25.36%
198,700
|
$6,704,138,000 | 4.38% |
| Integer Holdings Corp |
3.77%
66,400
|
$5,883,704,000 | 3.85% |
| ADT Inc |
24.26%
924,000
|
$5,571,720,000 | 3.64% |
| ADTRAN Holdings Inc |
43.87%
490,300
|
$5,162,859,000 | 3.37% |
| DENTSPLY Sirona Inc |
22.90%
127,600
|
$5,106,552,000 | 3.34% |
| Grand Canyon Ed Inc |
No change
45,600
|
$4,706,376,000 | 3.08% |
| American Vanguard Corp. |
10.34%
261,100
|
$4,665,857,000 | 3.05% |
| Xperi Inc Common Stock |
6.64%
347,270
|
$4,566,600,000 | 2.99% |
| Angiodynamics Inc |
44.40%
430,600
|
$4,491,158,000 | 2.94% |
| Sensata Technologies Holding P |
No change
96,000
|
$4,319,040,000 | 2.82% |
| DXC Technology Co |
No change
156,500
|
$4,181,680,000 | 2.73% |
| Verint Systems, Inc. |
5.54%
116,000
|
$4,066,960,000 | 2.66% |
| Stride Inc |
23.22%
98,700
|
$3,674,601,000 | 2.40% |
| Franklin Covey Co. |
15.35%
83,300
|
$3,638,544,000 | 2.38% |
| NCR Corp. |
32.25%
143,700
|
$3,621,240,000 | 2.37% |
| Barrett Business Services Inc. |
4.81%
39,600
|
$3,453,120,000 | 2.26% |
| Universal Electronics Inc. |
27.91%
334,000
|
$3,213,080,000 | 2.10% |
| WestRock Co |
3.50%
110,300
|
$3,206,421,000 | 2.10% |
| Netapp Inc |
37.41%
33,800
|
$2,582,320,000 | 1.69% |
| Element Solutions Inc |
1.54%
128,000
|
$2,457,600,000 | 1.61% |
| Adeia Inc |
3.69%
215,800
|
$2,375,958,000 | 1.55% |
| Magnite Inc |
14.40%
172,400
|
$2,353,260,000 | 1.54% |
| CIENA Corp. |
No change
55,200
|
$2,345,448,000 | 1.53% |
| Arrow Electronics Inc. |
37.45%
16,200
|
$2,320,326,000 | 1.52% |
| Huntsman Corp |
33.26%
85,500
|
$2,310,210,000 | 1.51% |
| Summit Materials Inc |
58.74%
60,960
|
$2,307,336,000 | 1.51% |
| VF Corp. |
0.43%
115,900
|
$2,212,531,000 | 1.45% |
| Hanesbrands Inc |
8.84%
480,300
|
$2,180,562,000 | 1.43% |
| Lightspeed Commerce Inc Sub Vt |
41.91%
127,800
|
$2,162,376,000 | 1.41% |
| frontdoor, inc. |
31.64%
66,100
|
$2,108,590,000 | 1.38% |
| CSG Systems International Inc. |
0.51%
39,800
|
$2,099,052,000 | 1.37% |
| Bigcommerce Holdings Inc Ser 1 |
Opened
194,900
|
$1,939,255,000 | 1.27% |
| Accuray Inc |
23.13%
492,000
|
$1,904,040,000 | 1.24% |
| Toast, Inc. |
No change
83,500
|
$1,884,595,000 | 1.23% |
| Audiocodes |
21.66%
187,700
|
$1,713,701,000 | 1.12% |
| PubMatic, Inc. |
41.78%
87,500
|
$1,599,500,000 | 1.05% |
| Grifols Sa Sp Adr Rep B Nvt |
No change
169,900
|
$1,556,284,000 | 1.02% |
| Levi Strauss & Co Cl A Stock |
No change
105,900
|
$1,528,137,000 | 1.00% |
| Qiagen NV |
Opened
32,000
|
$1,440,960,000 | 0.94% |
| Teleflex Incorporated |
No change
5,700
|
$1,379,571,000 | 0.90% |
| Henry Schein Inc. |
No change
16,100
|
$1,305,710,000 | 0.85% |
| Tetra Tech, Inc. |
33.61%
7,900
|
$1,293,546,000 | 0.85% |
| Crown Holdings, Inc. |
No change
13,600
|
$1,181,432,000 | 0.77% |
| BlackLine Inc |
Opened
21,800
|
$1,173,276,000 | 0.77% |
| Ball Corp. |
45.03%
10,500
|
$611,205,000 | 0.40% |
| FMC Corp. |
73.96%
2,500
|
$260,850,000 | 0.17% |
| Ardagh Metal Packaging Sa |
No change
53,100
|
$199,656,000 | 0.13% |
| Comtech Telecom Corp |
65.59%
13,900
|
$127,046,000 | 0.08% |
| Cutera Inc |
Closed
100,500
|
$2,374,000 | |
| Imax Corp |
Closed
64,000
|
$1,228,000 | |
| Purple Innovation Inc |
Closed
75,400
|
$199,000 | |
| No transactions found | |||
| Showing first 500 out of 54 holdings | |||
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