Psquared Asset Management Ag 13F annual report
Psquared Asset Management Ag is an investment fund managing more than $483 billion ran by Gary Penning. There are currently 10 companies in Mr. Penning’s portfolio. The largest investments include Hess and WestRock Co, together worth $265 billion.
$483 billion Assets Under Management (AUM)
As of 6th August 2024, Psquared Asset Management Ag’s top holding is 1,052,735 shares of Hess currently worth over $155 billion and making up 32.1% of the portfolio value.
Relative to the number of outstanding shares of Hess, Psquared Asset Management Ag owns more than approximately 0.1% of the company.
In addition, the fund holds 2,202,881 shares of WestRock Co worth $109 billion, whose value grew 21.8% in the past six months.
The third-largest holding is Hollysys Automation Tchngy L worth $56.9 billion and the next is Juniper Networks Inc worth $46.5 billion, with 1,275,205 shares owned.
Currently, Psquared Asset Management Ag's portfolio is worth at least $483 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 Psquared Asset Management Ag
The Psquared Asset Management Ag office and employees reside in Zurich, Switzerland. According to the last 13-F report filed with the SEC, Gary Penning serves as the Chief Operating Officer at Psquared Asset Management Ag.
Recent trades
In the most recent 13F filing, Psquared Asset Management Ag revealed that it had opened a new position in
Hess and bought 1,052,735 shares worth $155 billion.
On the other hand, there are companies that Psquared Asset Management Ag is getting rid of from its portfolio.
Psquared Asset Management Ag closed its position in United States Steel on 13th August 2024.
It sold the previously owned 2,370,000 shares for $106 billion.
Gary Penning also disclosed a decreased stake in Hollysys Automation Tchngy L by approximately 0.1%.
This leaves the value of the investment at $56.9 billion and 2,629,802 shares.
One of the average hedge funds
The two most similar investment funds to Psquared Asset Management Ag are Kora Management L.P. and Great Point Partners. They manage $483 billion and $484 billion respectively.
Gary Penning investment strategy
Psquared Asset Management Ag’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Energy — making up 36.2% of
the total portfolio value.
The fund focuses on investments in the United States as
60.0% 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
30% 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 $13.8 billion.
The complete list of Psquared Asset Management Ag 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 |
|---|---|---|---|
| Hess Corporation |
Opened
1,052,735
|
$155,299,467,000 | 32.15% |
| WestRock Co |
Opened
2,202,881
|
$109,351,012,000 | 22.64% |
| United States Steel Corp. |
Closed
2,370,000
|
$105,657,628,000 | |
| PNM Resources Inc |
Closed
1,848,995
|
$70,341,339,000 | |
| Capri Holdings Ltd |
Closed
1,410,515
|
$64,807,427,000 | |
| Hollysys Automation Tchngy L |
1.77%
2,629,802
|
$56,908,915,000 | 11.78% |
| Bp Plc-spons Adr |
Closed
1,554,000
|
$50,314,985,000 | |
| Sovos Brands Inc |
Closed
2,443,712
|
$49,233,711,000 | |
| Juniper Networks Inc |
Opened
1,275,205
|
$46,493,974,000 | 9.62% |
| Euronav NV |
Closed
2,682,232
|
$43,206,877,000 | |
| Olink Hldg Ab |
Opened
1,408,775
|
$35,895,587,000 | 7.43% |
| Exelixis Inc |
3.18%
1,346,627
|
$30,258,708,000 | 6.26% |
| Albertsons Cos Inc |
Opened
1,211,274
|
$23,922,661,000 | 4.95% |
| Splunk Inc |
Closed
140,774
|
$19,612,921,000 | |
| Equitrans Midstream Corporation |
Opened
1,509,304
|
$19,590,765,000 | 4.06% |
| Vizio Hldg Corp |
Opened
428,616
|
$4,629,052,000 | 0.96% |
| National Cinemedia Inc |
Closed
683,118
|
$2,828,109,000 | |
| International Paper Co. |
Opened
17,100
|
$737,865,000 | 0.15% |
| No transactions found | |||
| Showing first 500 out of 18 holdings | |||
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