Avory 13F annual report
Avory is an investment fund managing more than $142 billion ran by Houston Hess. There are currently 28 companies in Mr. Hess’s portfolio. The largest investments include Fiverr Intl Ltd and Zoom Video Communications In, together worth $41.8 billion.
$142 billion Assets Under Management (AUM)
As of 25th July 2024, Avory’s top holding is 1,082,221 shares of Fiverr Intl Ltd currently worth over $25.4 billion and making up 17.9% of the portfolio value.
In addition, the fund holds 277,901 shares of Zoom Video Communications In worth $16.4 billion.
The third-largest holding is Block Inc worth $15.7 billion and the next is Vanguard Index Fds worth $14.4 billion, with 28,810 shares owned.
Currently, Avory's portfolio is worth at least $142 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 Avory
The Avory office and employees reside in Miami, Florida. According to the last 13-F report filed with the SEC, Houston Hess serves as the CCO at Avory.
Recent trades
In the most recent 13F filing, Avory revealed that it had opened a new position in
Guidewire Software Inc and bought 1,469 shares worth $203 million.
This means they effectively own approximately 0.1% of the company.
Guidewire Software Inc makes up
0.4%
of the fund's Technology sector allocation and has grown its share price by 73.5% in the past year.
The investment fund also strengthened its position in Fiverr Intl Ltd by buying
171,685 additional shares.
This makes their stake in Fiverr Intl Ltd total 1,082,221 shares worth $25.4 billion.
On the other hand, Houston Hess disclosed a decreased stake in Block Inc by approximately 0.1%.
This leaves the value of the investment at $15.7 billion and 243,029 shares.
One of the smallest hedge funds
The two most similar investment funds to Avory are Wheelhouse Advisory and Aufman Associates Inc. They manage $142 billion and $142 billion respectively.
Houston Hess investment strategy
Avory’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Technology — making up 32.9% of
the total portfolio value.
The fund focuses on investments in the United States as
50.0% 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
29% 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 $94.7 billion.
The complete list of Avory trades based on 13F SEC filings
These positions were updated on August 1st 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 |
|---|---|---|---|
| Fiverr Intl Ltd |
18.86%
1,082,221
|
$25,356,438,000 | 17.85% |
| Zoom Video Communications In |
5.43%
277,901
|
$16,448,960,000 | 11.58% |
| Block Inc |
4.58%
243,029
|
$15,672,940,000 | 11.03% |
| Vanguard Index Fds |
No change
28,810
|
$14,408,745,000 | 10.14% |
| Zillow Group Inc |
6.09%
281,270
|
$13,048,115,000 | 9.19% |
| Meta Platforms Inc |
3.59%
18,238
|
$9,196,062,000 | 6.47% |
| Wix.com Ltd |
11.52%
56,901
|
$9,051,242,000 | 6.37% |
| Nutanix Inc |
19.59%
140,025
|
$7,960,421,000 | 5.60% |
| Capri Holdings Limited |
6.75%
211,900
|
$7,009,652,000 | 4.93% |
| Omnicell Com |
3.93%
250,429
|
$6,779,113,000 | 4.77% |
| Planet Fitness Inc |
1.20%
67,665
|
$4,979,467,000 | 3.51% |
| Paycom Software Inc |
11.62%
31,087
|
$4,446,691,000 | 3.13% |
| Ishares Gold Tr |
No change
20,000
|
$878,600,000 | 0.62% |
| Ishares Tr |
13.00%
11,266
|
$869,036,000 | 0.61% |
| Invesco Exchange Traded Fd T |
15.68%
54,993
|
$810,042,000 | 0.57% |
| Unitedhealth Group Inc |
No change
1,249
|
$636,066,000 | 0.45% |
| Blackstone Inc |
0.16%
4,407
|
$545,600,000 | 0.38% |
| Voya Emerging Mkts High Divi |
No change
94,848
|
$510,282,000 | 0.36% |
| Blackrock Enhanced Global Di |
No change
46,196
|
$490,140,000 | 0.35% |
| Nuveen Nasdaq 100 Dynamic Ov |
No change
17,157
|
$430,298,000 | 0.30% |
| Eaton Vance Tax-managed Buy- |
No change
30,308
|
$414,310,000 | 0.29% |
| Eaton Vance Tax-managed Glob |
No change
92,742
|
$775,447,000 | 0.55% |
| Best Buy Co. Inc. |
0.15%
4,119
|
$347,210,000 | 0.24% |
| Salesforce Inc |
18.60%
998
|
$256,614,000 | 0.18% |
| Target Corp |
0.36%
1,382
|
$204,581,000 | 0.14% |
| Guidewire Software Inc |
Opened
1,469
|
$202,560,000 | 0.14% |
| Mister Car Wash, Inc. |
1.79%
22,331
|
$158,997,000 | 0.11% |
| 1-800 Flowers.com Inc. |
0.85%
16,092
|
$153,196,000 | 0.11% |
| No transactions found | |||
| Showing first 500 out of 28 holdings | |||
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