Bluemar Capital Management 13F annual report
Bluemar Capital Management is an investment fund managing more than $48 billion ran by Eric Bittelman. There are currently 21 companies in Mr. Bittelman’s portfolio. The largest investments include Renaissancere Hldgs Ltd and Visa Inc, together worth $14.4 billion.
$48 billion Assets Under Management (AUM)
As of 7th August 2024, Bluemar Capital Management’s top holding is 35,464 shares of Renaissancere Hldgs Ltd currently worth over $7.93 billion and making up 16.5% of the portfolio value.
In addition, the fund holds 24,550 shares of Visa Inc worth $6.44 billion, whose value fell 6.4% in the past six months.
The third-largest holding is Wyndham Hotels & Resorts Inc worth $4.46 billion and the next is S&P Global Inc worth $3.01 billion, with 6,738 shares owned.
Currently, Bluemar Capital Management's portfolio is worth at least $48 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 Bluemar Capital Management
The Bluemar Capital Management office and employees reside in Miami, Florida. According to the last 13-F report filed with the SEC, Eric Bittelman serves as the Chief Financial Officer at Bluemar Capital Management.
Recent trades
In the most recent 13F filing, Bluemar Capital Management revealed that it had opened a new position in
Reinsurance Grp Of America I and bought 2,216 shares worth $455 million.
The investment fund also strengthened its position in Shopify Inc by buying
2,399 additional shares.
This makes their stake in Shopify Inc total 14,053 shares worth $928 million.
Shopify Inc soared 24.9% in the past year.
On the other hand, there are companies that Bluemar Capital Management is getting rid of from its portfolio.
Bluemar Capital Management closed its position in Truist Finl Corp on 14th August 2024.
It sold the previously owned 14,012 shares for $546 million.
Eric Bittelman also disclosed a decreased stake in Renaissancere Hldgs Ltd by 0.1%.
This leaves the value of the investment at $7.93 billion and 35,464 shares.
One of the smallest hedge funds
The two most similar investment funds to Bluemar Capital Management are Voce Capital Management and Ctc Capital Management. They manage $47.8 billion and $47.8 billion respectively.
Eric Bittelman investment strategy
Bluemar Capital Management’s portfolio is diversified across 4 sectors.
Currently, their heaviest sector is Finance — making up 35.6% of
the total portfolio value.
The fund focuses on investments in the United States as
28.6% 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 $84.7 billion.
The complete list of Bluemar Capital Management 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 |
|---|---|---|---|
| Renaissancere Hldgs Ltd |
13.16%
35,464
|
$7,926,559,000 | 16.52% |
| Visa Inc |
11.56%
24,550
|
$6,443,639,000 | 13.43% |
| Wyndham Hotels & Resorts Inc |
12.91%
60,204
|
$4,455,096,000 | 9.29% |
| S&P Global Inc |
14.56%
6,738
|
$3,005,148,000 | 6.26% |
| Equitable Holdings Inc |
26.39%
72,939
|
$2,980,288,000 | 6.21% |
| Voya Financial Inc |
26.00%
39,523
|
$2,812,061,000 | 5.86% |
| Discover Finl Svcs |
11.34%
20,750
|
$2,714,308,000 | 5.66% |
| Fidelity Natl Information Sv |
21.51%
31,199
|
$2,351,157,000 | 4.90% |
| Bank New York Mellon Corp |
13.84%
32,191
|
$1,927,919,000 | 4.02% |
| Lpl Finl Hldgs Inc |
46.20%
6,580
|
$1,837,794,000 | 3.83% |
| Caesars Entertainment Inc Ne |
15.19%
46,159
|
$1,834,359,000 | 3.82% |
| Nasdaq Inc |
17.72%
30,271
|
$1,824,130,000 | 3.80% |
| Avidxchange Holdings Inc |
13.82%
147,380
|
$1,777,403,000 | 3.71% |
| Schwab Charles Corp |
14.01%
18,773
|
$1,383,382,000 | 2.88% |
| MercadoLibre Inc |
14.23%
621
|
$1,020,551,000 | 2.13% |
| Shopify Inc |
20.59%
14,053
|
$928,201,000 | 1.93% |
| American Intl Group Inc |
25.40%
10,000
|
$742,400,000 | 1.55% |
| State Str Corp |
14.76%
9,507
|
$703,518,000 | 1.47% |
| Truist Finl Corp |
Closed
14,012
|
$546,188,000 | |
| Reinsurance Grp Of America I |
Opened
2,216
|
$454,878,000 | 0.95% |
| Flywire Corporation |
21.47%
26,654
|
$436,859,000 | 0.91% |
| Accenture Plc Ireland |
9.53%
1,357
|
$411,727,000 | 0.86% |
| No transactions found | |||
| Showing first 500 out of 22 holdings | |||
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