Sessa Capital Im, L.P. 13F annual report
Sessa Capital Im, L.P. is an investment fund managing more than $1.48 billion ran by Jae Hong. There are currently 30 companies in Hong’s portfolio. The largest investments include Warner Bros.Discovery Inc and AT&T, together worth $513 million.
$1.48 billion Assets Under Management (AUM)
As of 8th August 2022, Sessa Capital Im, L.P.’s top holding is 21,867,234 shares of Warner Bros.Discovery Inc currently worth over $293 million and making up 19.9% of the portfolio value.
Relative to the number of outstanding shares of Warner Bros.Discovery Inc, Sessa Capital Im, L.P. owns less than approximately 0.1% of the company.
In addition, the fund holds 10,468,715 shares of AT&T worth $219 million, whose value grew 0.9% in the past six months.
The third-largest holding is Equitable Inc worth $181 million and the next is Garrett Motion Inc worth $136 million, with 16,592,384 shares owned.
Currently, Sessa Capital Im, L.P.'s portfolio is worth at least $1.48 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 Sessa Capital Im, L.P.
The Sessa Capital Im, L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Jae Hong serves as the Chief Operating Officer at Sessa Capital Im, L.P..
Recent trades
In the most recent 13F filing, Sessa Capital Im, L.P. revealed that it had opened a new position in
Warner Bros.Discovery Inc and bought 21,867,234 shares worth $293 million.
This means they effectively own approximately 0.1% of the company.
Warner Bros.Discovery Inc makes up
57.2%
of the fund's Communication Services sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in AT&T by buying
8,384,951 additional shares.
This makes their stake in AT&T total 10,468,715 shares worth $219 million.
AT&T dropped approximately 0.1% in the past year.
On the other hand, there are companies that Sessa Capital Im, L.P. is getting rid of from its portfolio.
Sessa Capital Im, L.P. closed its position in Wells Fargo Co New on 15th August 2022.
It sold the previously owned 3,325,210 shares for $154 million.
Jae Hong also disclosed a decreased stake in Chemours by 0.7%.
This leaves the value of the investment at $96.9 million and 3,024,685 shares.
One of the average hedge funds
The two most similar investment funds to Sessa Capital Im, L.P. are Kryger Capital Ltd and Greenlight Capital Inc. They manage $1.48 billion and $1.48 billion respectively.
Jae Hong investment strategy
Sessa Capital Im, L.P.’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Communication Services — making up 34.7% of
the total portfolio value.
The fund focuses on investments in the United States as
53.3% 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
13% of the total holdings value.
On the other hand, small-cap stocks make up only 3.3% of the portfolio.
The average market cap of the portfolio companies is close to $8.23 billion.
The complete list of Sessa Capital Im, L.P. trades based on 13F SEC filings
These positions were updated on August 15th 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 |
|---|---|---|---|
| Warner Bros.Discovery Inc |
Opened
21,867,234
|
$293,458,000 | 19.87% |
| AT&T Inc. |
402.39%
10,468,715
|
$219,424,000 | 14.85% |
| Equitable Holdings Inc |
61.48%
6,931,147
|
$180,695,000 | 12.23% |
| Wells Fargo Co New |
Closed
3,325,210
|
$154,323,000 | |
| Garrett Motion Inc |
Opened
16,592,384
|
$136,389,000 | 9.23% |
| Dt Midstream Inc |
Closed
2,894,038
|
$133,820,000 | |
| Jackson Financial Inc |
Closed
4,498,737
|
$116,967,000 | |
| Chemours Company |
65.93%
3,024,685
|
$96,850,000 | 6.56% |
| Embecta Corp |
Opened
3,625,784
|
$91,805,000 | 6.21% |
| International Flavors&fragra |
No change
694,043
|
$82,674,000 | 5.60% |
| Apartment Invt & Mgmt Co |
59.99%
9,932,043
|
$63,565,000 | 4.30% |
| Garrett Motion Inc |
No change
6,912,204
|
$53,431,000 | 3.62% |
| WW International Inc |
Closed
2,514,606
|
$45,892,000 | |
| Flex Ltd |
Opened
2,500,000
|
$36,175,000 | 2.45% |
| Bluebird bio Inc |
Closed
1,834,965
|
$35,066,000 | |
| Corteva Inc |
82.22%
642,092
|
$34,763,000 | 2.35% |
| Fedex Corp |
Opened
125,000
|
$28,339,000 | 1.92% |
| Primo Water Corporation |
No change
1,982,040
|
$26,520,000 | 1.80% |
| Varex Imaging Corp |
6.43%
1,136,566
|
$24,311,000 | 1.65% |
| Provention Bio, Inc. |
43.02%
6,000,000
|
$24,000,000 | 1.62% |
| Allogene Therapeutics Inc |
Closed
750,000
|
$19,275,000 | |
| PG&E Corp. |
Closed
2,000,000
|
$19,200,000 | |
| Nxp Semiconductors N V |
77.13%
112,053
|
$16,587,000 | 1.12% |
| Orion Office REIT Inc. |
Opened
1,373,963
|
$15,059,000 | 1.02% |
| Xeris Pharmaceuticals Inc |
Closed
3,661,237
|
$8,970,000 | |
| Dish Network Corporation |
No change
408,399
|
$7,323,000 | 0.50% |
| Apellis Pharmaceuticals Inc |
Opened
149,000
|
$6,738,000 | 0.46% |
| Gores Metropoulos II, Inc. |
Closed
601,674
|
$5,945,000 | |
| Celldex Therapeutics Inc. |
Opened
212,000
|
$5,716,000 | 0.39% |
| Ascendis Pharma A/S |
Opened
58,500
|
$5,438,000 | 0.37% |
| Far Peak Acquisition Corp |
Closed
516,536
|
$5,140,000 | |
| Prothena Corp Plc |
Opened
187,000
|
$5,077,000 | 0.34% |
| Relay Therapeutics, Inc. |
Opened
301,200
|
$5,045,000 | 0.34% |
| Concord Acquisition Corp |
Closed
500,000
|
$5,040,000 | |
| Galapagos NV |
No change
82,000
|
$4,576,000 | 0.31% |
| 2seventy Bio Inc |
Opened
341,302
|
$4,505,000 | 0.30% |
| Power & Digital Infra Acq Co |
Closed
440,992
|
$4,458,000 | |
| Acadia Pharmaceuticals Inc |
Opened
249,000
|
$3,508,000 | 0.24% |
| Gores Guggenheim Inc |
Closed
300,000
|
$3,066,000 | |
| Marquee Raine Acquisition Co |
Closed
281,697
|
$2,814,000 | |
| Rxsight Inc |
Opened
164,282
|
$2,313,000 | 0.16% |
| Velocity Acquisition Corp |
Closed
229,828
|
$2,266,000 | |
| Altus Power Inc |
Opened
331,090
|
$2,089,000 | 0.14% |
| Ace Convergence Acqu Corp |
Closed
200,454
|
$1,986,000 | |
| Highland Transcend Partners |
Closed
200,000
|
$1,984,000 | |
| Decarbonization Plus Acqu Ii |
Closed
327,094
|
$3,263,000 | |
| First Reserve Sustainable Gw |
Closed
180,327
|
$1,774,000 | |
| Legato Merger Corp. |
Closed
115,000
|
$1,210,000 | |
| Altimar Acquisition Corp Ii |
Closed
116,846
|
$1,151,000 | |
| Macrogenics Inc |
Opened
244,864
|
$722,000 | 0.05% |
| Xos Inc |
Closed
100,161
|
$464,000 | |
| Cars.com |
Closed
25,000
|
$316,000 | |
| Seven Oaks Acquisition Corp |
Closed
26,159
|
$260,000 | |
| Microvision Inc. |
Closed
20,000
|
$221,000 | |
| Braemar Hotels & Resorts Inc |
No change
25,951
|
$111,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 55 holdings | |||
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