Fernbridge Capital Management L.P. 13F annual report
Fernbridge Capital Management L.P. is an investment fund managing more than $1.5 trillion ran by Mark Lovecchio. There are currently 22 companies in Mr. Lovecchio’s portfolio. The largest investments include Salesforce Inc and PTC Inc, together worth $373 billion.
$1.5 trillion Assets Under Management (AUM)
As of 6th August 2024, Fernbridge Capital Management L.P.’s top holding is 899,888 shares of Salesforce Inc currently worth over $231 billion and making up 15.4% of the portfolio value.
Relative to the number of outstanding shares of Salesforce Inc, Fernbridge Capital Management L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 778,015 shares of PTC Inc worth $141 billion, whose value fell 4.3% in the past six months.
The third-largest holding is Amazon.com worth $135 billion and the next is Fidelity Natl Information Sv worth $86.9 billion, with 1,153,134 shares owned.
Currently, Fernbridge Capital Management L.P.'s portfolio is worth at least $1.5 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 Fernbridge Capital Management L.P.
The Fernbridge Capital Management L.P. office and employees reside in Los Angeles, California. According to the last 13-F report filed with the SEC, Mark Lovecchio serves as the CCO / COO / CFO at Fernbridge Capital Management L.P..
Recent trades
In the most recent 13F filing, Fernbridge Capital Management L.P. revealed that it had opened a new position in
Autodesk and bought 257,966 shares worth $63.8 billion.
This means they effectively own approximately 0.1% of the company.
Autodesk makes up
9.3%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Salesforce Inc by buying
503,231 additional shares.
This makes their stake in Salesforce Inc total 899,888 shares worth $231 billion.
Salesforce Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Fernbridge Capital Management L.P. is getting rid of from its portfolio.
Fernbridge Capital Management L.P. closed its position in Mastercard on 13th August 2024.
It sold the previously owned 87,422 shares for $42.1 billion.
Mark Lovecchio also disclosed a decreased stake in T-Mobile US Inc by 0.4%.
This leaves the value of the investment at $83.4 billion and 473,416 shares.
One of the largest hedge funds
The two most similar investment funds to Fernbridge Capital Management L.P. are Delta Global Management L.P. and First Interstate Bank. They manage $1.5 trillion and $1.51 trillion respectively.
Mark Lovecchio investment strategy
Fernbridge Capital Management L.P.’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Technology — making up 45.8% of
the total portfolio value.
The fund focuses on investments in the United States as
77.3% 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
73% 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 $249 billion.
The complete list of Fernbridge Capital Management L.P. trades based on 13F SEC filings
These positions were updated on August 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 |
|---|---|---|---|
| Salesforce Inc |
126.87%
899,888
|
$231,361,205,000 | 15.38% |
| PTC Inc |
6.33%
778,015
|
$141,341,985,000 | 9.40% |
| Amazon.com Inc. |
22.38%
698,553
|
$134,995,367,000 | 8.97% |
| Fidelity Natl Information Sv |
67.24%
1,153,134
|
$86,900,178,000 | 5.78% |
| T-Mobile US Inc |
37.13%
473,416
|
$83,406,431,000 | 5.54% |
| Booking Holdings Inc |
20.37%
20,068
|
$79,499,382,000 | 5.28% |
| Intuit Inc |
42.32%
118,080
|
$77,603,357,000 | 5.16% |
| Sherwin-Williams Co. |
15.46%
240,578
|
$71,795,693,000 | 4.77% |
| Workday Inc |
60.22%
316,249
|
$70,700,626,000 | 4.70% |
| Microsoft Corporation |
6.36%
148,127
|
$66,205,363,000 | 4.40% |
| Autodesk Inc. |
Opened
257,966
|
$63,833,687,000 | 4.24% |
| Live Nation Entertainment In |
1.90%
607,097
|
$56,909,273,000 | 3.78% |
| Verizon Communications Inc |
12.75%
1,304,009
|
$53,777,331,000 | 3.57% |
| Uber Technologies Inc |
32.88%
712,773
|
$51,804,342,000 | 3.44% |
| Mastercard Incorporated |
Closed
87,422
|
$42,099,813,000 | |
| Core & Main, Inc. |
Opened
826,464
|
$40,447,148,000 | 2.69% |
| Meta Platforms Inc |
Closed
81,561
|
$39,604,390,000 | |
| Spotify Technology S.A. |
18.96%
122,418
|
$38,413,544,000 | 2.55% |
| Warner Music Group Corp. |
3.87%
1,110,908
|
$34,049,330,000 | 2.26% |
| Tetra Tech, Inc. |
36.38%
137,818
|
$28,181,025,000 | 1.87% |
| Visa Inc |
Opened
106,619
|
$27,984,289,000 | 1.86% |
| DoorDash Inc |
21.67%
253,046
|
$27,526,344,000 | 1.83% |
| Advanced Drain Sys Inc Del |
Opened
121,768
|
$19,530,370,000 | 1.30% |
| Alphabet Inc |
Opened
98,833
|
$18,002,431,000 | 1.20% |
| No transactions found | |||
| Showing first 500 out of 24 holdings | |||
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