Crystalline Management 13F annual report

Crystalline Management is an investment fund managing more than $55.2 billion ran by Bryan Nunnelley. There are currently 42 companies in Mr. Nunnelley’s portfolio. The largest investments include Tortoiseecofin Acquisition C and Rigel Resource Acq Corp, together worth $9.54 billion.

Limited to 30 biggest holdings

$55.2 billion Assets Under Management (AUM)

As of 1st August 2024, Crystalline Management’s top holding is 458,582 shares of Tortoiseecofin Acquisition C currently worth over $5.01 billion and making up 9.1% of the portfolio value. In addition, the fund holds 400,000 shares of Rigel Resource Acq Corp worth $4.53 billion. The third-largest holding is Monterey Cap Acquisition Cor worth $4.07 billion and the next is Mountain & Co I Acquisitn Co worth $4.07 billion, with 349,401 shares owned.

Currently, Crystalline Management's portfolio is worth at least $55.2 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 Crystalline Management

The Crystalline Management office and employees reside in Montreal, Quebec, Canada (federal Level). According to the last 13-F report filed with the SEC, Bryan Nunnelley serves as the CEO at Crystalline Management.

Recent trades

In the most recent 13F filing, Crystalline Management revealed that it had opened a new position in Tortoiseecofin Acquisition C and bought 458,582 shares worth $5.01 billion.

The investment fund also strengthened its position in Tlgy Acquisition Corporation by buying 100,000 additional shares. This makes their stake in Tlgy Acquisition Corporation total 292,958 shares worth $3.35 billion.

On the other hand, there are companies that Crystalline Management is getting rid of from its portfolio. Crystalline Management closed its position in Enerplus on 8th August 2024. It sold the previously owned 279,839 shares for $5.5 billion. Bryan Nunnelley also disclosed a decreased stake in Axonics Inc by 0.1%. This leaves the value of the investment at $2.02 billion and 30,000 shares.

One of the smallest hedge funds

The two most similar investment funds to Crystalline Management are Arbiter Partners Capital Management and Baker Hughes. They manage $55.2 billion and $55.1 billion respectively.

Bryan Nunnelley investment strategy

Crystalline Management’s portfolio is diversified across 9 sectors. Currently, their heaviest sector is Finance — making up 6.6% 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 small-cap stocks. Stocks with a size of more than $100 million in market cap make up 12% of the total holdings value. On the other hand, large-cap stocks make up only 2.4% of the portfolio. The average market cap of the portfolio companies is close to $3.71 billion.

The complete list of Crystalline Management trades based on 13F SEC filings

These positions were updated on August 8th 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
Enerplus Corporation	Closed 279,839	$5,501,635,000
Tortoiseecofin Acquisition C	Opened 458,582	$5,012,301,000	9.08%
Rigel Resource Acq Corp	Opened 400,000	$4,532,000,000	8.21%
Monterey Cap Acquisition Cor	No change 360,502	$4,073,673,000	7.38%
Mountain & Co I Acquisitn Co	No change 349,401	$4,070,522,000	7.37%
Tlgy Acquisition Corporation	51.82% 292,958	$3,354,369,000	6.07%
Hollysys Automation Tchngy L	Closed 108,000	$2,762,640,000
Equitrans Midstream Corporation	1,242.01% 200,000	$2,596,000,000	4.70%
AP Acquisition Corp	Closed 230,065	$2,595,133,000
Global Star Acquisition Inc	Closed 233,247	$2,498,075,000
Ix Acquisition Corp	No change 200,000	$2,277,000,000	4.12%
Golden Star Acquisition Corp	Opened 200,000	$2,162,000,000	3.92%
OCA Acquisition Corp.	No change 192,110	$2,151,632,000	3.90%
Daseke Inc	Closed 249,700	$2,072,510,000
Axonics Inc	10.68% 30,000	$2,016,900,000	3.65%
Embrace Change Acquisitn Cor	Opened 156,489	$1,760,501,000	3.19%
Fortune Rise Acquisition Cor	Opened 150,000	$1,687,500,000	3.06%
Hudson Acquisition I Corp	Closed 150,000	$1,589,985,000
Blue World Acquisition Corp	No change 140,593	$1,588,701,000	2.88%
Zillow Group Inc	Closed 30,000	$1,463,400,000
Aetherium Acquisition Corp	Closed 125,000	$1,375,000,000
Kairous Acquisition Corp Ltd	Closed 116,152	$1,354,344,000
Distoken Acquisition Corp	Closed 120,000	$1,291,200,000
Bynordic Acquisition Corp	Closed 115,974	$1,287,311,000
Doma Holdings Inc	Opened 209,199	$1,269,838,000	2.30%
National Westn Life Group In	Opened 2,500	$1,242,350,000	2.25%
Nuvei Corporation	Opened 37,533	$1,215,319,000	2.20%
Zalatoris Ii Acquisition Cor	Closed 111,731	$1,211,164,000
Whole Earth Brands, Inc.	288.71% 247,938	$1,204,979,000	2.18%
Patria Latin Amrcn Opprnty A	Closed 100,000	$1,129,000,000
Metal Sky Star Acquisition C	1.60% 98,400	$1,114,872,000	2.02%
A Spac Ii Acquisition Corp	Closed 100,000	$1,114,000,000
Zalatoris Acquisition Corp	No change 95,895	$1,059,640,000	1.92%
Tricon Residential Inc	Closed 93,868	$1,046,628,000
Ace Global Business Acqu Ltd	Closed 84,706	$1,023,248,000
Everbridge Inc	Opened 28,545	$998,790,000	1.81%
Overseas Shipholding Group I	Opened 117,575	$997,036,000	1.81%
Macatawa Bk Corp	Opened 67,425	$984,405,000	1.78%
10x Capital Venture Acq Iii	No change 87,500	$962,938,000	1.74%
Clean Energy Spl Situations	Closed 80,000	$850,400,000
Powerschool Holdings Inc	Opened 35,000	$783,650,000	1.42%
Aarons Company Inc (The)	Opened 76,680	$765,266,000	1.39%
Excelfin Acquisition Corp	Closed 65,500	$715,915,000
Vizio Hldg Corp	Closed 62,200	$680,468,000
Hess Corporation	55.37% 4,463	$658,382,000	1.19%
Keen Vision Acquisition Corp	Closed 60,000	$627,000,000
Iron Horse Acquisitions Corp	Closed 60,000	$598,800,000
TSR, Inc.	Opened 44,684	$597,872,000	1.08%
Integral Acquisition Corp 1	Closed 55,000	$594,660,000
Cslm Acquisition Corp	5.51% 52,757	$592,989,000	1.07%
Societal Cdmo Inc	Closed 518,629	$560,119,000
Learn Cw Investment Cor	66.67% 50,000	$545,000,000	0.99%
Canna Global Acquisition Cor	No change 50,198	$523,565,000	0.95%
Genetron Hldgs Ltd	Closed 113,395	$456,415,000
Liberty Global Ltd	Closed 23,624	$416,727,000
Starrett L S Co	Closed 24,685	$392,245,000
Cerevel Therapeutics Hldng I	Opened 8,918	$364,657,000	0.66%
Battalion Oil Corp	3.28% 100,051	$334,170,000	0.61%
Carnival plc	Closed 20,800	$306,384,000
Clover Leaf Capital Corp	No change 23,669	$288,762,000	0.52%
Gan Ltd	Opened 189,752	$279,884,000	0.51%
Enphys Acquisition Corp.	75.00% 25,000	$274,500,000	0.50%
SDCL EDGE Acquisition Corp	Closed 23,400	$255,996,000
Zerofox Hldgs Inc	Closed 219,760	$246,131,000
Fusion Pharmaceuticals Inc.	Closed 11,207	$238,933,000
Decisionpoint Sys Inc New	Opened 21,916	$223,543,000	0.40%
Iclick Interactive Asia Grou	Closed 49,523	$195,616,000
Asensus Surgical Inc	Opened 516,162	$171,882,000	0.31%
Iamgold Corp.	Opened 45,554	$170,828,000	0.31%
Carrols Restaurant Group Inc.	Closed 16,510	$157,010,000
Allego N V	Opened 69,701	$117,098,000	0.21%
Osisko Development Corp	Closed 39,475	$114,083,000
Barclays Bank PLC	Opened 10,000	$109,200,000	0.20%
Peloton Interactive Inc	Opened 14,000	$47,320,000	0.09%
Xeris Biopharma Holdings Inc	Closed 16,573	$36,626,000
BEST Inc	Opened 13,119	$36,077,000	0.07%
No transactions found
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