Styrax Capital, L.P. 13F annual report
Styrax Capital, L.P. is an investment fund managing more than $1.39 trillion ran by Michael Palazzo. There are currently 18 companies in Mr. Palazzo’s portfolio. The largest investments include Meta Platforms Inc and Amazon.com, together worth $413 billion.
$1.39 trillion Assets Under Management (AUM)
As of 8th May 2024, Styrax Capital, L.P.’s top holding is 481,240 shares of Meta Platforms Inc currently worth over $234 billion and making up 16.8% of the portfolio value.
Relative to the number of outstanding shares of Meta Platforms Inc, Styrax Capital, L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 992,558 shares of Amazon.com worth $179 billion, whose value grew 30.6% in the past six months.
The third-largest holding is NVIDIA Corp worth $147 billion and the next is Mastercard worth $116 billion, with 240,614 shares owned.
Currently, Styrax Capital, L.P.'s portfolio is worth at least $1.39 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 Styrax Capital, L.P.
The Styrax Capital, L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Michael Palazzo serves as the Chief Financial Officer at Styrax Capital, L.P..
Recent trades
In the most recent 13F filing, Styrax Capital, L.P. revealed that it had opened a new position in
Netflix and bought 162,419 shares worth $98.6 billion.
This means they effectively own approximately 0.1% of the company.
Netflix makes up
64.7%
of the fund's Communication Services sector allocation and has grown its share price by 82.7% in the past year.
The investment fund also strengthened its position in Advanced Micro Devices by buying
300,775 additional shares.
This makes their stake in Advanced Micro Devices total 541,395 shares worth $97.7 billion.
Advanced Micro Devices soared 57.2% in the past year.
On the other hand, there are companies that Styrax Capital, L.P. is getting rid of from its portfolio.
Styrax Capital, L.P. closed its position in Uber Technologies Inc on 15th May 2024.
It sold the previously owned 842,172 shares for $38.7 billion.
Michael Palazzo also disclosed a decreased stake in Intuit Inc by 0.5%.
This leaves the value of the investment at $39.1 billion and 60,155 shares.
One of the largest hedge funds
The two most similar investment funds to Styrax Capital, L.P. are Klingman & Associates and Sather Inc. They manage $1.39 trillion and $1.39 trillion respectively.
Michael Palazzo investment strategy
Styrax Capital, L.P.’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Technology — making up 46.6% of
the total portfolio value.
The fund focuses on investments in the United States as
66.7% 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
72% 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 $273 billion.
The complete list of Styrax Capital, L.P. trades based on 13F SEC filings
These positions were updated on May 15th 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 |
|---|---|---|---|
| Meta Platforms Inc |
No change
481,240
|
$233,680,519,000 | 16.81% |
| Amazon.com Inc. |
No change
992,558
|
$179,037,612,000 | 12.88% |
| NVIDIA Corp |
No change
162,419
|
$146,755,312,000 | 10.56% |
| Mastercard Incorporated |
No change
240,614
|
$115,872,484,000 | 8.33% |
| Netflix Inc. |
Opened
162,419
|
$98,641,931,000 | 7.09% |
| Advanced Micro Devices Inc. |
125.00%
541,395
|
$97,716,384,000 | 7.03% |
| Eli Lilly Co |
No change
120,310
|
$93,596,368,000 | 6.73% |
| Microsoft Corporation |
16.67%
210,543
|
$88,579,651,000 | 6.37% |
| Cadence Design System Inc |
12.50%
270,698
|
$84,262,873,000 | 6.06% |
| MercadoLibre Inc |
No change
36,093
|
$54,571,172,000 | 3.93% |
| DoorDash Inc |
116.67%
391,008
|
$53,849,622,000 | 3.87% |
| Entegris Inc |
Opened
300,774
|
$42,270,778,000 | 3.04% |
| Intuit Inc |
47.37%
60,155
|
$39,100,750,000 | 2.81% |
| Uber Technologies Inc |
Closed
842,172
|
$38,731,490,000 | |
| MGM Resorts International |
Closed
902,325
|
$33,169,467,000 | |
| Stevanato Group S.p.A. |
634.85%
911,430
|
$29,256,903,000 | 2.10% |
| Danaher Corp. |
Opened
90,233
|
$22,532,985,000 | 1.62% |
| Aramark |
Opened
244,384
|
$7,947,368,000 | 0.57% |
| Vestis Corporation |
Opened
122,192
|
$2,354,640,000 | 0.17% |
| Live Nation Entertainment In |
Closed
24,061
|
$1,998,025,000 | |
| European Wax Ctr Inc |
No change
21,278
|
$276,188,000 | 0.02% |
| No transactions found | |||
| Showing first 500 out of 21 holdings | |||
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