Serengeti Asset Management L.P. 13F annual report
Serengeti Asset Management L.P. is an investment fund managing more than $26.3 million ran by A.j. Martinez. There are currently 12 companies in Martinez’s portfolio. The largest investments include Apollo Global Mgmt Inc and PG&E, together worth $19.6 million.
$26.3 million Assets Under Management (AUM)
As of 26th July 2022, Serengeti Asset Management L.P.’s top holding is 243,000 shares of Apollo Global Mgmt Inc currently worth over $11.8 million and making up 44.8% of the portfolio value.
In addition, the fund holds 787,523 shares of PG&E worth $7.86 million, whose value fell 10.9% in the past six months.
The third-largest holding is Joby Aviation Inc worth $1.47 million and the next is Global Business Travel Group worth $1.18 million, with 187,000 shares owned.
Currently, Serengeti Asset Management L.P.'s portfolio is worth at least $26.3 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 Serengeti Asset Management L.P.
The Serengeti Asset Management L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, A.j. Martinez serves as the General Counsel at Serengeti Asset Management L.P..
Recent trades
In the most recent 13F filing, Serengeti Asset Management L.P. revealed that it had opened a new position in
Global Business Travel Group and bought 187,000 shares worth $1.18 million.
The investment fund also strengthened its position in Apollo Global Mgmt Inc by buying
13,000 additional shares.
This makes their stake in Apollo Global Mgmt Inc total 243,000 shares worth $11.8 million.
On the other hand, there are companies that Serengeti Asset Management L.P. is getting rid of from its portfolio.
Serengeti Asset Management L.P. closed its position in Figure Acquisition Corp I on 2nd August 2022.
It sold the previously owned 270,000 shares for $2.64 million.
A.j. Martinez also disclosed a decreased stake in Kore Group Hldgs Inc by 0.3%.
This leaves the value of the investment at $537 thousand and 175,000 shares.
One of the smallest hedge funds
The two most similar investment funds to Serengeti Asset Management L.P. are Napier Park Global Capital (us) L.P. and Michael Larson. They manage $26.1 million and $26 million respectively.
A.j. Martinez investment strategy
Serengeti Asset Management L.P.’s portfolio is diversified across 4 sectors.
Currently, their heaviest sector is Utilities — making up 29.9% 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
17% 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 $35.2 billion.
The complete list of Serengeti Asset Management L.P. trades based on 13F SEC filings
These positions were updated on August 2nd 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 |
|---|---|---|---|
| Apollo Global Mgmt Inc |
5.65%
243,000
|
$11,781,000 | 44.81% |
| PG&E Corp. |
No change
787,523
|
$7,859,000 | 29.89% |
| Figure Acquisition Corp I |
Closed
270,000
|
$2,641,000 | |
| Vmg Consumer Acquisition Cor |
Closed
150,000
|
$1,487,000 | |
| Joby Aviation Inc |
No change
300,000
|
$1,473,000 | 5.60% |
| Sunlight Financial Holdings |
Closed
250,000
|
$1,260,000 | |
| Global Business Travel Group |
Opened
187,000
|
$1,180,000 | 4.49% |
| Bellring Brands Inc |
Closed
49,999
|
$1,154,000 | |
| Coinbase Global Inc |
Closed
5,000
|
$949,000 | |
| Blackstone Inc |
Opened
10,000
|
$912,000 | 3.47% |
| Cardlytics Inc |
Closed
15,000
|
$825,000 | |
| Advanced Merger Partners Inc |
No change
60,000
|
$587,000 | 2.23% |
| Genius Sports Limited |
Opened
250,000
|
$563,000 | 2.14% |
| Kore Group Hldgs Inc |
30.00%
175,000
|
$537,000 | 2.04% |
| Hippo Hldgs Inc |
52.00%
600,000
|
$527,000 | 2.00% |
| Oppfi Inc |
No change
150,000
|
$494,000 | 1.88% |
| Toast, Inc. |
Opened
25,000
|
$324,000 | 1.23% |
| Cellebrite Di Ltd |
Closed
40,000
|
$256,000 | |
| Doma Holdings Inc |
Opened
52,807
|
$54,000 | 0.21% |
| No transactions found | |||
| Showing first 500 out of 19 holdings | |||
Hedge funds similar to Serengeti Asset Management L.P.
- Endicott Management Co
- Csu Producer Resources
- Optiver Us
- Phoenix Investment Adviser
- Ariose Capital Management Ltd
- Tiaa Kaspick
- Ngp Mr Management
- Napier Park Global Capital (us) L.P.
- Michael Larson
- Elliott Management
- Prudence Investment Management (hong Kong)
- Strategic Vision Investment Ltd
- Bratton Capital Management, L.P.
- Btg Pactual Asset Management S.A.. Dtvm