Coann Capital 13F annual report
Coann Capital is an investment fund managing more than $210 billion ran by Matthew Davis. There are currently 19 companies in Mr. Davis’s portfolio. The largest investments include DTE Co and PPL Corp, together worth $53.2 billion.
$210 billion Assets Under Management (AUM)
As of 27th January 2023, Coann Capital’s top holding is 229,211 shares of DTE Co currently worth over $26.9 billion and making up 12.8% of the portfolio value.
Relative to the number of outstanding shares of DTE Co, Coann Capital owns more than approximately 0.1% of the company.
In addition, the fund holds 899,973 shares of PPL Corp worth $26.3 billion, whose value grew 1.4% in the past six months.
The third-largest holding is Exelon worth $14.9 billion and the next is Xcel worth $13.2 billion, with 188,540 shares owned.
Currently, Coann Capital's portfolio is worth at least $210 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 Coann Capital
The Coann Capital office and employees reside in Westport, Connecticut. According to the last 13-F report filed with the SEC, Matthew Davis serves as the Chief Compliance Officer at Coann Capital.
Recent trades
In the most recent 13F filing, Coann Capital revealed that it had opened a new position in
Exelon and bought 344,164 shares worth $14.9 billion.
This means they effectively own approximately 0.1% of the company.
Exelon makes up
10.6%
of the fund's Utilities sector allocation and has decreased its share price by 4.3% in the past year.
The investment fund also strengthened its position in DTE Co by buying
158,916 additional shares.
This makes their stake in DTE Co total 229,211 shares worth $26.9 billion.
DTE Co soared 1.1% in the past year.
On the other hand, there are companies that Coann Capital is getting rid of from its portfolio.
Coann Capital closed its position in Ameren on 3rd February 2023.
It sold the previously owned 199,431 shares for $16.1 million.
Matthew Davis also disclosed a decreased stake in CMS by 0.5%.
This leaves the value of the investment at $12.7 billion and 199,865 shares.
One of the largest hedge funds
The two most similar investment funds to Coann Capital are Juncture Wealth Strategies and Fc Advisory. They manage $210 billion and $210 billion respectively.
Matthew Davis investment strategy
Coann Capital’s portfolio is diversified across 3 sectors.
Currently, their heaviest sector is Utilities — making up 66.6% of
the total portfolio value.
The fund focuses on investments in the United States as
84.2% 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
58% of the total holdings value.
On the other hand, small-cap stocks make up only 5.3% of the portfolio.
The average market cap of the portfolio companies is close to $17 billion.
The complete list of Coann Capital trades based on 13F SEC filings
These positions were updated on February 3rd 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 |
|---|---|---|---|
| DTE Energy Co. |
226.07%
229,211
|
$26,939,169,000 | 12.83% |
| PPL Corp |
77.96%
899,973
|
$26,297,211,000 | 12.52% |
| Exelon Corp. |
Opened
344,164
|
$14,878,210,000 | 7.08% |
| Xcel Energy Inc. |
Opened
188,540
|
$13,218,539,000 | 6.29% |
| CMS Energy Corporation |
52.13%
199,865
|
$12,657,450,000 | 6.03% |
| NiSource Inc |
69.06%
457,992
|
$12,558,141,000 | 5.98% |
| Duke Energy Corp. |
64.42%
117,554
|
$12,106,886,000 | 5.76% |
| Firstenergy Corp. |
6.74%
287,609
|
$12,062,321,000 | 5.74% |
| Eversource Energy |
5.28%
142,136
|
$11,916,682,000 | 5.67% |
| Evergy Inc |
Opened
152,884
|
$9,620,990,000 | 4.58% |
| Essential Utils Inc |
Opened
157,623
|
$7,523,346,000 | 3.58% |
| Black Hills Corporation |
Opened
106,929
|
$7,521,386,000 | 3.58% |
| Northwestern Corp. |
1.84%
126,447
|
$7,503,365,000 | 3.57% |
| Dominion Energy Inc |
Opened
121,734
|
$7,464,729,000 | 3.55% |
| Centerpoint Energy Inc. |
Opened
228,687
|
$6,858,323,000 | 3.27% |
| PG&E Corp. |
103.70%
410,757
|
$6,678,909,000 | 3.18% |
| Spire Inc. |
Opened
83,129
|
$5,724,263,000 | 2.73% |
| Idacorp, Inc. |
Opened
46,549
|
$5,020,310,000 | 2.39% |
| Pnm Res Inc |
48.85%
71,623
|
$3,494,486,000 | 1.66% |
| Ameren Corp. |
Closed
199,431
|
$16,064,000 | |
| NextEra Energy Inc |
Closed
182,037
|
$14,274,000 | |
| Sempra |
Closed
60,575
|
$9,083,000 | |
| ONE Gas Inc |
Closed
110,690
|
$7,791,000 | |
| Constellation Energy Corp |
Closed
76,199
|
$6,339,000 | |
| Avista Corp. |
Closed
155,319
|
$5,755,000 | |
| Fortis Inc. |
Closed
147,590
|
$5,607,000 | |
| South Jersey Inds Inc |
Closed
105,568
|
$3,528,000 | |
| No transactions found | |||
| Showing first 500 out of 27 holdings | |||
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