Paradiem is an investment fund managing more than $399 billion ran by Ray Fenge. There are currently 79 companies in Mr. Fenge’s portfolio. The largest investments include Broadcom and Netapp Inc, together worth $24.6 billion.
As of 15th July 2024, Paradiem’s top holding is 7,718 shares of Broadcom currently worth over $12.4 billion and making up 3.1% of the portfolio value.
Relative to the number of outstanding shares of Broadcom, Paradiem owns less than approximately 0.1% of the company.
In addition, the fund holds 94,582 shares of Netapp Inc worth $12.2 billion, whose value grew 42.4% in the past six months.
The third-largest holding is Matson Inc worth $11.3 billion and the next is Stryker worth $10.8 billion, with 31,615 shares owned.
Currently, Paradiem's portfolio is worth at least $399 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.
The Paradiem office and employees reside in Covington, Louisiana. According to the last 13-F report filed with the SEC, Ray Fenge serves as the Chief Compliance Officer at Paradiem.
In the most recent 13F filing, Paradiem revealed that it had opened a new position in
Stryker and bought 31,615 shares worth $10.8 billion.
This means they effectively own approximately 0.1% of the company.
Stryker makes up
87.0%
of the fund's Health Care sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Broadcom by buying
676 additional shares.
This makes their stake in Broadcom total 7,718 shares worth $12.4 billion.
Broadcom dropped approximately 0.1% in the past year.
On the other hand, there are companies that Paradiem is getting rid of from its portfolio.
Paradiem closed its position in Tractor Supply Co on 19th July 2024.
It sold the previously owned 36,450 shares for $9.54 billion.
Ray Fenge also disclosed a decreased stake in Petroleo Brasileiro Sa Petro by approximately 0.1%.
This leaves the value of the investment at $7.25 billion and 500,556 shares.
The two most similar investment funds to Paradiem are Stordahl Capital Management and Smi Advisory Services. They manage $399 billion and $399 billion respectively.
Paradiem’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Industrials — making up 21.1% of
the total portfolio value.
The fund focuses on investments in the United States as
51.9% 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
39% of the total holdings value.
On the other hand, small-cap stocks make up only 1.3% of the portfolio.
The average market cap of the portfolio companies is close to $77 billion.
These positions were updated on July 19th 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 |
|---|---|---|---|
| Broadcom Inc. |
9.60%
7,718
|
$12,391,481,000 | 3.11% |
| Netapp Inc |
1.51%
94,582
|
$12,182,162,000 | 3.06% |
| Matson Inc |
22.21%
86,162
|
$11,284,637,000 | 2.83% |
| Stryker Corp. |
Opened
31,615
|
$10,757,004,000 | 2.70% |
| Emerson Elec Co |
Opened
95,687
|
$10,540,880,000 | 2.64% |
| Williams Cos Inc |
6.92%
245,989
|
$10,454,533,000 | 2.62% |
| Analog Devices Inc. |
11.17%
45,657
|
$10,421,667,000 | 2.61% |
| Owens Corning |
Opened
59,770
|
$10,383,244,000 | 2.60% |
| International Paper Co. |
16.94%
236,257
|
$10,194,490,000 | 2.56% |
| Caterpillar Inc. |
5.78%
30,362
|
$10,113,577,000 | 2.54% |
| Steel Dynamics Inc. |
7.73%
77,449
|
$10,029,646,000 | 2.52% |
| Cabot Corp. |
1.80%
108,051
|
$9,928,806,000 | 2.49% |
| Valero Energy Corp. |
0.96%
63,254
|
$9,915,697,000 | 2.49% |
| General Dynamics Corp. |
6.40%
34,048
|
$9,878,687,000 | 2.48% |
| Main Str Cap Corp |
7.61%
194,865
|
$9,838,734,000 | 2.47% |
| Old Rep Intl Corp |
10.74%
316,426
|
$9,777,563,000 | 2.45% |
| Paychex Inc. |
20.46%
81,152
|
$9,621,381,000 | 2.41% |
| Brady Corp. |
10.94%
145,662
|
$9,616,605,000 | 2.41% |
| Tractor Supply Co. |
Closed
36,450
|
$9,539,694,000 | |
| Frontline Plc |
2.14%
366,373
|
$9,437,768,000 | 2.37% |
| Ingredion Inc |
11.40%
81,918
|
$9,395,995,000 | 2.36% |
| Eagle Bulk Shipping Inc |
Closed
150,218
|
$9,384,118,000 | |
| Paccar Inc. |
18.05%
90,350
|
$9,300,629,000 | 2.33% |
| Fastenal Co. |
13.67%
139,155
|
$8,744,500,000 | 2.19% |
| Lyondellbasell Industries N |
2.52%
88,710
|
$8,485,999,000 | 2.13% |
| Nucor Corp. |
7.80%
50,977
|
$8,058,444,000 | 2.02% |
| Block H R Inc |
Closed
163,878
|
$8,048,049,000 | |
| Apple Inc |
No change
34,976
|
$7,366,645,000 | 1.85% |
| Petroleo Brasileiro Sa Petro |
0.55%
500,556
|
$7,253,056,000 | 1.82% |
| Jpmorgan Chase Co. |
No change
35,174
|
$7,114,293,000 | 1.78% |
| NVIDIA Corp |
817.13%
52,671
|
$6,506,975,000 | 1.63% |
| Celestica, Inc. |
Opened
87,048
|
$4,990,462,000 | 1.25% |
| KLA Corp. |
1.49%
5,569
|
$4,591,696,000 | 1.15% |
| Celestica, Inc. |
Closed
94,610
|
$4,251,773,000 | |
| Quanta Svcs Inc |
0.37%
16,359
|
$4,156,658,000 | 1.04% |
| Trade Desk Inc |
10.80%
42,544
|
$4,155,272,000 | 1.04% |
| Ishares Tr |
No change
536,846
|
$13,768,289,000 | 3.45% |
| Oreilly Automotive Inc |
7.74%
3,647
|
$3,851,451,000 | 0.97% |
| Copart, Inc. |
2.58%
67,710
|
$3,667,174,000 | 0.92% |
| Teradyne, Inc. |
18.44%
24,152
|
$3,581,500,000 | 0.90% |
| D.R. Horton Inc. |
4.00%
24,893
|
$3,508,170,000 | 0.88% |
| Louisiana Pac Corp |
17.80%
42,220
|
$3,475,973,000 | 0.87% |
| ServiceNow Inc |
3.06%
4,407
|
$3,466,855,000 | 0.87% |
| Fabrinet |
16.16%
13,447
|
$3,291,691,000 | 0.83% |
| Synopsys, Inc. |
11.53%
5,462
|
$3,250,218,000 | 0.82% |
| Harmony Biosciences Hldgs In |
Closed
93,930
|
$3,154,169,000 | |
| Teekay Tankers Ltd |
17.08%
45,097
|
$3,103,125,000 | 0.78% |
| Trip.com Group Ltd |
16.91%
65,666
|
$3,086,302,000 | 0.77% |
| Cadence Design System Inc |
14.62%
9,997
|
$3,076,577,000 | 0.77% |
| Commercial Metals Co. |
16.26%
54,643
|
$3,004,819,000 | 0.75% |
| Catalyst Pharmaceuticals Inc |
Closed
181,295
|
$2,889,842,000 | |
| Atkore Inc |
3.43%
21,214
|
$2,862,405,000 | 0.72% |
| Gartner, Inc. |
14.04%
6,314
|
$2,835,365,000 | 0.71% |
| Builders Firstsource Inc |
3.26%
19,520
|
$2,701,763,000 | 0.68% |
| Cross Ctry Healthcare Inc |
Closed
136,294
|
$2,551,424,000 | |
| West Pharmaceutical Svsc Inc |
18.58%
7,719
|
$2,542,561,000 | 0.64% |
| Jabil Inc |
14.74%
23,013
|
$2,503,584,000 | 0.63% |
| Invesco Exch Trd Slf Idx Fd |
0.08%
889,051
|
$18,861,516,000 | 4.73% |
| Arcadium Lithium Plc |
Closed
542,744
|
$2,339,227,000 | |
| Alpha Omega Semiconductor |
Closed
103,410
|
$2,279,156,000 | |
| ON Semiconductor Corp. |
27.39%
31,502
|
$2,159,462,000 | 0.54% |
| Fortinet Inc |
33.69%
34,279
|
$2,065,995,000 | 0.52% |
| Avantor, Inc. |
32.27%
87,368
|
$1,852,202,000 | 0.46% |
| Cisco Sys Inc |
No change
35,423
|
$1,682,947,000 | 0.42% |
| Applovin Corp |
Opened
17,790
|
$1,480,484,000 | 0.37% |
| IQVIA Holdings Inc |
56.65%
6,454
|
$1,364,634,000 | 0.34% |
| Northern Lts Fd Tr Iv |
7.17%
76,508
|
$2,044,351,000 | 0.51% |
| Super Micro Computer Inc |
Opened
1,631
|
$1,336,360,000 | 0.34% |
| Nextracker Inc |
Opened
27,492
|
$1,288,825,000 | 0.32% |
| Cf Inds Hldgs Inc |
56.38%
17,039
|
$1,262,931,000 | 0.32% |
| Wp Carey Inc |
27.24%
21,622
|
$1,190,291,000 | 0.30% |
| Consol Energy Inc |
59.77%
11,484
|
$1,171,713,000 | 0.29% |
| Roivant Sciences Ltd |
Opened
96,616
|
$1,021,231,000 | 0.26% |
| StoneCo Ltd |
63.91%
62,529
|
$749,723,000 | 0.19% |
| Asml Holding N V |
27.18%
592
|
$605,456,000 | 0.15% |
| Chart Inds Inc |
Opened
4,044
|
$583,711,000 | 0.15% |
| Marvell Technology Inc |
16.50%
7,710
|
$538,929,000 | 0.14% |
| Sociedad Quimica Y Minera De |
Closed
9,887
|
$486,045,000 | |
| Mosaic Co New |
76.35%
16,508
|
$477,081,000 | 0.12% |
| Star Bulk Carriers Corp |
42.32%
14,785
|
$360,458,000 | 0.09% |
| Globant S.A. |
39.92%
1,586
|
$282,720,000 | 0.07% |
| Bhp Group Ltd |
43.75%
4,929
|
$281,397,000 | 0.07% |
| Autoliv Inc. |
36.90%
2,546
|
$272,397,000 | 0.07% |
| Alkermes plc |
46.43%
10,295
|
$248,110,000 | 0.06% |
| Stmicroelectronics N V |
48.19%
6,240
|
$245,107,000 | 0.06% |
| Union Pac Corp |
No change
1,004
|
$227,165,000 | 0.06% |
| Chevron Corp. |
7.87%
1,439
|
$225,088,000 | 0.06% |
| Nutrien Ltd |
55.56%
4,334
|
$220,644,000 | 0.06% |
| Peakstone Realty Trust |
No change
18,146
|
$192,348,000 | 0.05% |
| No transactions found | |||
| Showing first 500 out of 89 holdings | |||