Acme 13F annual report
Acme is an investment fund managing more than $42.2 billion ran by Michael Derrick. There are currently 6 companies in Mr. Derrick’s portfolio. The largest investments include Ionq, Inc. and Wag! Group, Inc., together worth $27.7 billion.
$42.2 billion Assets Under Management (AUM)
As of 7th August 2024, Acme’s top holding is 2,353,175 shares of Ionq, Inc. currently worth over $16.5 billion and making up 39.2% of the portfolio value.
In addition, the fund holds 6,997,137 shares of Wag! Group, Inc. worth $11.2 billion.
The third-largest holding is DiDi Global Inc worth $7.39 billion and the next is DraftKings worth $5.84 billion, with 153,094 shares owned.
Currently, Acme's portfolio is worth at least $42.2 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 Acme
The Acme office and employees reside in San Francisco, California. According to the last 13-F report filed with the SEC, Michael Derrick serves as the Chief Compliance Officer and Chief Financial Officer at Acme.
Recent trades
There are companies that Acme is getting rid of from its portfolio.
Acme closed its position in Cue Health, Inc. on 14th August 2024.
It sold the previously owned 15,240,546 shares for $2.88 billion.
Michael Derrick also disclosed a decreased stake in Ionq, Inc. by approximately 0.1%.
This leaves the value of the investment at $16.5 billion and 2,353,175 shares.
One of the smallest hedge funds
The two most similar investment funds to Acme are Knowledge Leaders Capital and Prentice Capital Management, L.P.. They manage $42.2 billion and $42.1 billion respectively.
Michael Derrick investment strategy
Acme’s portfolio is diversified across 3 sectors.
Currently, their heaviest sector is Technology — making up 17.5% of
the total portfolio value.
The fund focuses on investments in the China as
16.7% of the portfolio companies
are based in the China.
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
17% 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 $8.56 billion.
The complete list of Acme trades based on 13F SEC filings
These positions were updated on August 14th 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 |
|---|---|---|---|
| Ionq, Inc. |
8.80%
2,353,175
|
$16,542,820,000 | 39.22% |
| Wag! Group, Inc. |
No change
6,997,137
|
$11,195,419,000 | 26.54% |
| DiDi Global Inc |
No change
1,785,707
|
$7,392,827,000 | 17.53% |
| DraftKings Inc. |
No change
153,094
|
$5,843,598,000 | 13.85% |
| Cue Health, Inc. |
Closed
15,240,546
|
$2,880,463,000 | |
| Astra Space, Inc. |
No change
1,882,582
|
$946,939,000 | 2.25% |
| Rent The Runway, Inc. |
95.00%
14,673
|
$257,800,000 | 0.61% |
| No transactions found | |||
| Showing first 500 out of 7 holdings | |||
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