Summit Partners L P 13F annual report
Summit Partners L P is an investment fund managing more than $1.68 trillion ran by Adam Hennessey. There are currently 9 companies in Mr. Hennessey’s portfolio. The largest investments include Klaviyo, Inc. and Lifestance Health Group Inc., together worth $1.39 trillion.
$1.68 trillion Assets Under Management (AUM)
As of 11th July 2024, Summit Partners L P’s top holding is 47,741,629 shares of Klaviyo, Inc. currently worth over $1.19 trillion and making up 70.7% of the portfolio value.
In addition, the fund holds 41,932,358 shares of Lifestance Health Group Inc. worth $206 billion.
The third-largest holding is Solo Brands worth $100 billion and the next is A K A Brands Hldg Corp worth $92.3 billion, with 6,053,693 shares owned.
Currently, Summit Partners L P's portfolio is worth at least $1.68 trillion. 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 Summit Partners L P
The Summit Partners L P office and employees reside in Boston, Massachusetts. According to the last 13-F report filed with the SEC, Adam Hennessey serves as the MEMBER OF GP OF SUMMIT MASTER COMPANY, LLC at Summit Partners L P.
Recent trades
In the most recent 13F filing, Summit Partners L P revealed that it had increased its stake in
Markforged and bought 136,364 additional shares worth around .
On the other hand, there are companies that Summit Partners L P is getting rid of from its portfolio.
Summit Partners L P closed its position in Casa Systems Inc on 18th July 2024.
It sold the previously owned 34,124,480 shares for $9.34 billion.
Adam Hennessey also disclosed a decreased stake in Lifestance Health Group Inc. by approximately 0.1%.
This leaves the value of the investment at $206 billion and 41,932,358 shares.
Adam Hennessey investment strategy
Summit Partners L P’s portfolio is diversified across 4 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 6.0% of
the total portfolio value.
The fund focuses on investments in the United States as
44.4% 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
approximately 0.1% 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 $1.67 billion.
The complete list of Summit Partners L P trades based on 13F SEC filings
These positions were updated on July 18th 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 |
|---|---|---|---|
| Klaviyo, Inc. |
No change
47,741,629
|
$1,188,289,146,000 | 70.72% |
| Lifestance Health Group Inc. |
8.31%
41,932,358
|
$205,887,878,000 | 12.25% |
| Solo Brands, Inc. |
No change
44,034,960
|
$100,399,709,000 | 5.97% |
| A K A Brands Hldg Corp |
No change
6,053,693
|
$92,318,818,000 | 5.49% |
| Jamf Holdings Corp |
No change
4,475,381
|
$73,843,787,000 | 4.39% |
| Casa Systems Inc |
Closed
34,124,480
|
$9,336,458,000 | |
| A10 Networks Inc |
84.46%
606,263
|
$8,396,743,000 | 0.50% |
| Markforged |
0.93%
14,731,565
|
$6,039,942,000 | 0.36% |
| MACOM Technology Solutions Holdings Inc |
No change
45,512
|
$5,073,223,000 | 0.30% |
| 8X8 Inc. |
No change
52,919
|
$117,480,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 10 holdings | |||
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