Belfer Management 13F annual report
Belfer Management is an investment fund managing more than $5.3 billion ran by Laurence Belfer. There are currently 14 companies in Mrs. Belfer’s portfolio. The largest investments include Coupang and Avantor, together worth $1.69 billion.
$5.3 billion Assets Under Management (AUM)
As of 31st July 2024, Belfer Management’s top holding is 55,176 shares of Coupang currently worth over $1.16 billion and making up 21.8% of the portfolio value.
Relative to the number of outstanding shares of Coupang, Belfer Management owns more than approximately 0.1% of the company.
In addition, the fund holds 25,036 shares of Avantor worth $531 million, whose value fell approximately 0.1% in the past six months.
The third-largest holding is Western Midstream Partners LP worth $396 million and the next is Hamilton Insurance Group Ltd. Cmn worth $394 million, with 23,685 shares owned.
Currently, Belfer Management's portfolio is worth at least $5.3 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 Belfer Management
The Belfer Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Laurence Belfer serves as the Chief Executive Officer at Belfer Management.
Recent trades
In the most recent 13F filing, Belfer Management revealed that it had opened a new position in
Labcorp and bought 1,316 shares worth $268 million.
On the other hand, there are companies that Belfer Management is getting rid of from its portfolio.
Belfer Management closed its position in Salesforce.com Inc on 7th August 2024.
It sold the previously owned 1,102 shares for $332 million.
Laurence Belfer also disclosed a decreased stake in Meta Platforms Inc Cmn Class A by 0.1%.
This leaves the value of the investment at $301 million and 597 shares.
One of the smallest hedge funds
The two most similar investment funds to Belfer Management are Bi Asset Management Fondsmaeglerselskab A/s and Moelis Asset Management L.P.. They manage $5.3 billion and $5.32 billion respectively.
Laurence Belfer investment strategy
Belfer Management’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 21.8% of
the total portfolio value.
The fund focuses on investments in the United States as
35.7% 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
36% 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 $18.2 billion.
The complete list of Belfer Management trades based on 13F SEC filings
These positions were updated on August 7th 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 |
|---|---|---|---|
| Coupang, Inc. |
No change
55,176
|
$1,155,942,000 | 21.80% |
| Avantor, Inc. |
No change
25,036
|
$530,767,000 | 10.01% |
| Western Midstream Partners LP |
No change
9,957
|
$395,593,000 | 7.46% |
| Hamilton Insurance Group Ltd. Cmn |
No change
23,685
|
$394,362,000 | 7.44% |
| Lockheed Martin Corporation Cmn |
No change
831
|
$388,075,000 | 7.32% |
| Sherwin-williams Co Cmn |
No change
1,276
|
$380,787,000 | 7.18% |
| Energy Transfer Operating Lp |
No change
21,882
|
$354,931,000 | 6.69% |
| Salesforce.com Inc |
Closed
1,102
|
$331,898,000 | |
| MPLX LP |
No change
7,733
|
$329,340,000 | 6.21% |
| Meta Platforms Inc Cmn Class A |
13.35%
597
|
$301,176,000 | 5.68% |
| Laboratory Corporation Of America |
Closed
1,316
|
$287,574,000 | |
| Labcorp Holdings Inc. |
Opened
1,316
|
$267,894,000 | 5.05% |
| Crown Castle Intl Corp |
No change
2,693
|
$263,059,000 | 4.96% |
| Spdr Gold Trust Etf |
No change
1,191
|
$256,035,000 | 4.83% |
| Corebridge Financial, Inc. Cmn |
No change
8,665
|
$252,320,000 | 4.76% |
| Clover Health Investments Corp |
No change
26,344
|
$32,404,000 | 0.61% |
| No transactions found | |||
| Showing first 500 out of 16 holdings | |||
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