Every quarter Lumida Wealth presents a visual summary of the 45+ hedge funds we track every quarter that shape the future investing trends.
Enjoy the visual summary below or Check out the full data along with Ram’s insights in spreadsheet format here.
Please note:
– AUM indicates assets under management in managed 13F securities only, the overall AUM due to other positions (Debt, options etc) may be higher.
– Color intensity indicates relative weight.
– Individual stock Rectangles optimized for mobile readability and are not to scale
– Percentages are rounded to nearest decimal and indicate current portfolio weights
– We have prioritized top 5 stock positions wherever available.
– Each manager has a summary, sector analysis and legend for stock information.
Compliance Disclaimer: The information is for general informational purposes only and does not constitute investment advice. Past performance is not indicative of future results, and investments in hedge funds carry risks, including the potential loss of principal. We recommend that you seek independent financial advice before making any investment decisions.
Data Sources: Hedgefollow, Whalewisdom, Lumida analysis
Summary Overview
Horizon Kinetics, managed by Murray Stahl, has a concentrated portfolio with a strong focus on digital assets and real estate. The fund’s top positions include significant investments in Bitcoin and Texas Pacific Land Corporation, while recent activity shows new investments in energy and telecommunications, alongside reductions in financials and digital assets.
3 sector-specific insights
- The top holdings reflect a strong emphasis on digital assets and real estate, with a major position in Grayscale Bitcoin Trust and Texas Pacific Land Corporation.
- New investments in energy and telecommunications suggest a strategic diversification into these sectors.
- Reductions in financials and digital assets indicate a rebalancing or profit-taking strategy.
Top 5 holdings, additions, and reduced positions
- LB (L Brands, Inc.): Consumer discretionary sector, operates as a specialty retailer of women’s intimate and other apparel, personal care, and beauty products.
- WPM (Wheaton Precious Metals Corp.): Materials sector, operates as a precious metal streaming company.
- CACI (CACI International Inc.): Technology sector, provides information solutions and services in support of national security missions and government transformation for intelligence, defense, and federal civilian customers.
- GBTC (Grayscale Bitcoin Trust): Financial sector, provides exposure to Bitcoin through a traditional investment vehicle.
- TPL (Texas Pacific Land Corporation): Real estate sector, engages in land and resource management, including oil and gas royalties and water services.
New Holdings
- CHK (Chesapeake Energy Corporation): Energy sector, engages in the exploration and production of oil and natural gas.
- TEF (Telefónica, S.A.): Telecommunications sector, provides communication, information, and entertainment products and services.
- CRAI (CRA International, Inc.): Industrials sector, provides economic, financial, and management consulting services.
- WTM (White Mountains Insurance Group, Ltd.): Financial sector, engages in the acquisition and management of insurance and financial services companies.
- LB (L Brands, Inc.): Consumer discretionary sector, operates as a specialty retailer of women’s intimate and other apparel, personal care, and beauty products.
Reduced Holdings
- CBOE (Cboe Global Markets, Inc.): Financial sector, operates as an options exchange and provider of trading solutions.
- CVEO (Civeo Corporation): Industrials sector, provides workforce accommodations, logistics, and facility management services.
- CACI (CACI International Inc.): Technology sector, provides information solutions and services in support of national security missions and government transformation for intelligence, defense, and federal civilian customers.
- GBTC (Grayscale Bitcoin Trust): Financial sector, provides exposure to Bitcoin through a traditional investment vehicle.
- TPL (Texas Pacific Land Corporation): Real estate sector, engages in land and resource management, including oil and gas royalties and water services.
