Dryden Capital 13F annual report
Dryden Capital is an investment fund managing more than $55 billion ran by Matthew Leavitt. There are currently 15 companies in Mr. Leavitt’s portfolio. The largest investments include Ftac Emerald Acquisition Cor and Investcorp Europe Acquisitio, together worth $20.3 billion.
$55 billion Assets Under Management (AUM)
As of 7th August 2024, Dryden Capital’s top holding is 1,000,000 shares of Ftac Emerald Acquisition Cor currently worth over $10.7 billion and making up 19.5% of the portfolio value.
In addition, the fund holds 840,000 shares of Investcorp Europe Acquisitio worth $9.53 billion.
The third-largest holding is Fidelity Natl Information Sv worth $7.58 billion and the next is Haymaker Acquisition Corp Iv worth $7.52 billion, with 715,325 shares owned.
Currently, Dryden Capital's portfolio is worth at least $55 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 Dryden Capital
The Dryden Capital office and employees reside in Miami, Florida. According to the last 13-F report filed with the SEC, Matthew Leavitt serves as the CCO at Dryden Capital.
Recent trades
In the most recent 13F filing, Dryden Capital revealed that it had opened a new position in
Willis Towers Watson Plc Ltd and bought 2,000 shares worth $524 million.
The investment fund also strengthened its position in William Penn Bancorporation by buying
200,773 additional shares.
This makes their stake in William Penn Bancorporation total 228,560 shares worth $2.61 billion.
On the other hand, there are companies that Dryden Capital is getting rid of from its portfolio.
Dryden Capital closed its position in Perception Capital Corp Iii on 14th August 2024.
It sold the previously owned 78,070 shares for $835 million.
Matthew Leavitt also disclosed a decreased stake in Fidelity Natl Information Sv by approximately 0.1%.
This leaves the value of the investment at $7.58 billion and 100,600 shares.
One of the smallest hedge funds
The two most similar investment funds to Dryden Capital are Ia Venture Strategies Fund Ii, L.P. and United Fire Inc. They manage $55 billion and $55 billion respectively.
Matthew Leavitt investment strategy
Dryden Capital’s portfolio is diversified across 3 sectors.
Currently, their heaviest sector is Materials — making up 2.0% of
the total portfolio value.
The fund focuses on investments in the Ireland as
6.7% of the portfolio companies
are based in the Ireland.
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
20% 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 $22.1 billion.
The complete list of Dryden Capital 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 |
|---|---|---|---|
| Ftac Emerald Acquisition Cor |
No change
1,000,000
|
$10,730,000,000 | 19.53% |
| Investcorp Europe Acquisitio |
No change
840,000
|
$9,534,000,000 | 17.35% |
| Fidelity Natl Information Sv |
4.73%
100,600
|
$7,581,216,000 | 13.80% |
| Haymaker Acquisition Corp Iv |
26.63%
715,325
|
$7,518,066,000 | 13.68% |
| Ares Acquisition Corp Ii |
34.31%
670,000
|
$7,148,900,000 | 13.01% |
| Agriculture & Nat Sol Acq Co |
48.98%
375,000
|
$3,840,000,000 | 6.99% |
| Spring Valley Acquistn Corp |
50.75%
330,000
|
$3,669,600,000 | 6.68% |
| William Penn Bancorporation |
722.54%
228,560
|
$2,605,584,000 | 4.74% |
| CRH Plc |
No change
12,000
|
$899,760,000 | 1.64% |
| Perception Capital Corp Iii |
Closed
78,070
|
$834,568,000 | |
| Willis Towers Watson Plc Ltd |
Opened
2,000
|
$524,280,000 | 0.95% |
| Catalyst Bancorp Inc |
No change
30,593
|
$354,267,000 | 0.64% |
| Avantor, Inc. |
Opened
10,000
|
$212,000,000 | 0.39% |
| Verisign Inc. |
No change
750
|
$133,350,000 | 0.24% |
| Vestis Corporation |
No change
8,500
|
$103,955,000 | 0.19% |
| Ameriserv Finl Inc |
12.65%
43,373
|
$98,023,000 | 0.18% |
| No transactions found | |||
| Showing first 500 out of 16 holdings | |||
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