Passport Capital 13F annual report

Passport Capital is an investment fund managing more than $394 million ran by Joanne Poile. There are currently 4 companies in Mrs. Poile’s portfolio. The largest investments include Spdr S&p 500 Etf Tr and Amazon.com, together worth $368 million.

$394 million Assets Under Management (AUM)

As of 7th October 2020, Passport Capital’s top holding is 1,000,000 shares of Spdr S&p 500 Etf Tr currently worth over $322 million and making up 81.6% of the portfolio value. In addition, the fund holds 25,000 shares of Amazon.com worth $46.2 million, whose value grew 50.8% in the past six months. The third-largest holding is BRF SA worth $17.4 million and the next is Cameco worth $8.9 million, with 1,000,000 shares owned.

Currently, Passport Capital's portfolio is worth at least $394 million. 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 Passport Capital

The Passport Capital office and employees reside in San Francisco, California. According to the last 13-F report filed with the SEC, Joanne Poile serves as the Chief Operating Officer at Passport Capital.

Recent trades

In the most recent 13F filing, Passport Capital revealed that it had opened a new position in Spdr S&p 500 Etf Tr and bought 1,000,000 shares worth $322 million.

On the other hand, there are companies that Passport Capital is getting rid of from its portfolio. Passport Capital closed its position in Equinix on 14th February 2020. It sold the previously owned 25,000 shares for $14.4 million. Joanne Poile also disclosed a decreased stake in BRF SA by 0.3%. This leaves the value of the investment at $17.4 million and 2,000,000 shares.

One of the average hedge funds

The two most similar investment funds to Passport Capital are Globeflex Capital L P and Arbiter Partners, L.P.. They manage $394 million and $395 million respectively.

Joanne Poile investment strategy

Passport Capital’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 11.7% of the total portfolio value. The fund focuses on investments in the United States as 25.0% 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 25% 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 $506 billion.

The complete list of Passport Capital trades based on 13F SEC filings

These positions were updated on February 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
Spdr S&p 500 Etf Tr	Opened 1,000,000	$321,860,000	81.62%
Amazon.com, Inc.	Opened 25,000	$46,196,000	11.71%
BRF SA	33.33% 2,000,000	$17,400,000	4.41%
Equinix, Inc.	Closed 25,000	$14,420,000
Cameco Corp.	Opened 1,000,000	$8,900,000	2.26%
Tyson Foods, Inc.	Closed 100,000	$8,614,000
Pilgrims Pride Corp New	Closed 250,000	$8,013,000
Svb Finl Group	Closed 25,000	$5,224,000
Digital Rlty Tr Inc	Closed 10,000	$1,298,000
No transactions found
Showing first 500 out of 9 holdings