Toscafund Asset Management LL.P. 13F annual report

Toscafund Asset Management LL.P. is an investment fund managing more than $15.6 billion ran by Nicholas Emery. There are currently 3 companies in Mr. Emery’s portfolio. The largest investments include BRP and Jackson Financial Inc, together worth $15.4 billion.

$15.6 billion Assets Under Management (AUM)

As of 6th November 2023, Toscafund Asset Management LL.P.’s top holding is 374,327 shares of BRP currently worth over $8.7 billion and making up 55.9% of the portfolio value. Relative to the number of outstanding shares of BRP, Toscafund Asset Management LL.P. owns more than approximately 0.1% of the company. In addition, the fund holds 176,009 shares of Jackson Financial Inc worth $6.73 billion. The third-largest holding is Complete Solaria Inc worth $129 million.

Currently, Toscafund Asset Management LL.P.'s portfolio is worth at least $15.6 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 Toscafund Asset Management LL.P.

The Toscafund Asset Management LL.P. office and employees reside in London, United Kingdom. According to the last 13-F report filed with the SEC, Nicholas Emery serves as the Chief Compliance Officer at Toscafund Asset Management LL.P..

Recent trades

In the most recent 13F filing, Toscafund Asset Management LL.P. revealed that it had opened a new position in Complete Solaria Inc and bought 62,500 shares worth $129 million.

The investment fund also strengthened its position in BRP by buying 62,568 additional shares. This makes their stake in BRP total 374,327 shares worth $8.7 billion. BRP dropped approximately 0.1% in the past year.

On the other hand, there are companies that Toscafund Asset Management LL.P. is getting rid of from its portfolio. Toscafund Asset Management LL.P. closed its position in Corebridge Finl Inc on 13th November 2023. It sold the previously owned 491,079 shares for $9.67 million. Nicholas Emery also disclosed a decreased stake in Jackson Financial Inc by 0.5%. This leaves the value of the investment at $6.73 billion and 176,009 shares.

One of the smallest hedge funds

The two most similar investment funds to Toscafund Asset Management LL.P. are Ursa Fund Management and Ladenburg Thalmann Financial Services Inc. They manage $15.7 billion and $15.7 billion respectively.

Nicholas Emery investment strategy

Toscafund Asset Management LL.P.’s portfolio is diversified across 2 sectors. Currently, their heaviest sector is Finance — making up 55.9% of the total portfolio value. The fund focuses on investments in the United States as 33.3% 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 $1.72 billion.

The complete list of Toscafund Asset Management LL.P. trades based on 13F SEC filings

These positions were updated on November 13th 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
BRP Group, Inc.	20.07% 374,327	$8,695,616,000	55.92%
Jackson Financial Inc	51.35% 176,009	$6,727,064,000	43.26%
Complete Solaria Inc	Opened 62,500	$128,750,000	0.83%
Corebridge Finl Inc	Closed 491,079	$9,669,000
Plymouth Indl Reit Inc	Closed 421,701	$7,089,000
Hertz Global Holdings Inc.	Closed 346,885	$5,647,000
Caesars Entertainment Inc Ne	Closed 172,252	$5,557,000
M & T Bk Corp	Closed 8,000	$1,411,000
Signature Bk New York N Y	Closed 7,000	$1,057,000
No transactions found
Showing first 500 out of 9 holdings