Flow State Investments, L.P. 13F annual report

Flow State Investments, L.P. is an investment fund managing more than $179 billion ran by Sean Stephens. There are currently 93 companies in Mr. Stephens’s portfolio. The largest investments include Hess and Albertsons Cos Inc, together worth $46.8 billion.

Limited to 30 biggest holdings

$179 billion Assets Under Management (AUM)

As of 7th August 2024, Flow State Investments, L.P.’s top holding is 259,106 shares of Hess currently worth over $38.2 billion and making up 21.3% of the portfolio value. Relative to the number of outstanding shares of Hess, Flow State Investments, L.P. owns more than approximately 0.1% of the company. In addition, the fund holds 434,730 shares of Albertsons Cos Inc worth $8.59 billion. The third-largest holding is Capri Holdings Limited worth $8.56 billion and the next is Amedisys worth $8.55 billion, with 93,129 shares owned.

Currently, Flow State Investments, L.P.'s portfolio is worth at least $179 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 Flow State Investments, L.P.

The Flow State Investments, L.P. office and employees reside in Chicago, Illinois. According to the last 13-F report filed with the SEC, Sean Stephens serves as the Chief Compliance Officer at Flow State Investments, L.P..

Recent trades

In the most recent 13F filing, Flow State Investments, L.P. revealed that it had opened a new position in Churchill Capital Corp Ix and bought 699,996 shares worth $7.01 billion.

The investment fund also strengthened its position in Hess by buying 233,106 additional shares. This makes their stake in Hess total 259,106 shares worth $38.2 billion. Hess dropped 14.7% in the past year.

On the other hand, there are companies that Flow State Investments, L.P. is getting rid of from its portfolio. Flow State Investments, L.P. closed its position in Screaming Eagle Acquisitn Co on 14th August 2024. It sold the previously owned 2,096,406 shares for $22.4 billion. Sean Stephens also disclosed a decreased stake in Spring Valley Acquistn Corp by 0.2%. This leaves the value of the investment at $3.9 billion and 350,403 shares.

One of the smallest hedge funds

The two most similar investment funds to Flow State Investments, L.P. are Ribbit Bullfrog Gp Ii and Gallacher Capital Management. They manage $179 billion and $179 billion respectively.


Sean Stephens investment strategy

Flow State Investments, L.P.’s portfolio is diversified across 8 sectors. Currently, their heaviest sector is Energy — making up 21.9% of the total portfolio value. The fund focuses on investments in the United States as 14.0% 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 10% of the total holdings value. On the other hand, small-cap stocks make up only 3.2% of the portfolio. The average market cap of the portfolio companies is close to $74.4 billion.

The complete list of Flow State Investments, L.P. 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
Hess Corporation
896.56%
259,106
$38,223,317,000 21.32%
Screaming Eagle Acquisitn Co
Closed
2,096,406
$22,431,544,000
Pioneer Nat Res Co
Closed
46,329
$12,161,363,000
Albertsons Cos Inc
56.49%
434,730
$8,585,918,000 4.79%
Capri Holdings Limited
160.01%
258,675
$8,556,969,000 4.77%
Amedisys Inc.
12.20%
93,129
$8,549,242,000 4.77%
Churchill Capital Corp Ix
Opened
699,996
$7,013,960,000 3.91%
Rigel Resource Acq Corp
12.36%
500,000
$5,665,000,000 3.16%
Tortoiseecofin Acquisition C
No change
489,065
$5,345,480,000 2.98%
Concord Acquisition Corp Ii
Closed
435,109
$4,575,171,000
Spring Valley Acquistn Corp
22.20%
350,403
$3,896,481,000 2.17%
Churchill Capital Corp VII
No change
353,800
$3,810,426,000 2.12%
Colombier Acquisition Corp I
No change
341,000
$3,503,775,000 1.95%
Keen Vision Acquisition Corp
23.53%
325,000
$3,438,825,000 1.92%
Ssga Active Etf Tr
13.94%
79,300
$3,314,740,000 1.85%
Learn Cw Investment Cor
Closed
298,620
$3,275,861,000
Nuveen Amt Free Qlty Mun Inc
15.35%
284,746
$3,263,189,000 1.82%
Investcorp Europe Acquisitio
725.13%
284,669
$3,230,993,000 1.80%
Digital Rlty Tr Inc
Opened
20,593
$3,131,166,000 1.75%
Project Energy Reimagined Ac
Closed
287,706
$3,026,667,000
Callon Pete Co Del
Closed
76,000
$2,717,760,000
Ares Acquisition Corp Ii
No change
240,487
$2,565,996,000 1.43%
Agriculture Nat Sol Acq Co
28.57%
250,000
$2,560,000,000 1.43%
AP Acquisition Corp
Closed
220,100
$2,482,728,000
Infint Acquisition Corp
No change
207,498
$2,419,427,000 1.35%
Monterey Cap Acquisition Cor
Opened
208,000
$2,350,400,000 1.31%
Pegasus Digital Mobility Acq
Closed
200,014
$2,248,157,000
Sk Growth Opportunities Corp
485.99%
201,576
$2,242,049,000 1.25%
Tristar Acquisition I Corp.
Opened
200,000
$2,230,000,000 1.24%
Slam Corp
No change
195,270
$2,172,379,000 1.21%
Everbridge Inc
Opened
61,588
$2,154,964,000 1.20%
Enphys Acquisition Corp.
Closed
195,000
$2,109,900,000
Evergreen Corporation
Closed
165,743
$1,879,526,000
Encore Wire Corp.
Opened
6,462
$1,872,881,000 1.04%
Eaton Vance Tax Advt Div Inc
7.64%
79,706
$1,856,353,000 1.04%
Investcorp India Acquistn Co
61.67%
161,667
$1,834,920,000 1.02%
SDCL EDGE Acquisition Corp
25.28%
156,600
$1,727,298,000 0.96%
Discover Finl Svcs
Closed
13,000
$1,704,170,000
Eaton Vance Tax-managed Dive
20.58%
118,413
$1,663,703,000 0.93%
Haymaker Acquisition Corp Iv
No change
155,295
$1,632,150,000 0.91%
Inflection Pt Acquisitn Crp
39.40%
150,000
$1,590,000,000 0.89%
Blackrock Science Technolo
18.63%
79,221
$1,577,290,000 0.88%
Blackrock Innovation And Grw
69.51%
200,000
$1,446,000,000 0.81%
Crown Castle Inc
Closed
13,643
$1,443,839,000
Direct Selling Acquisitin Co
Closed
126,452
$1,407,411,000
Masonite Intl Corp
Closed
10,000
$1,314,500,000
Spark I Acquisition Corp
No change
123,699
$1,280,285,000 0.71%
Lions Gate Entmnt Corp
56.84%
145,828
$1,249,746,000 0.70%
Blackrock Science Technolo
Opened
31,992
$1,204,819,000 0.67%
Eaton Vance Tx Adv Glbl Div
11.07%
63,040
$1,173,174,000 0.65%
Mountain Co I Acquisitn Co
No change
100,007
$1,165,082,000 0.65%
United States Stl Corp New
2.08%
30,625
$1,157,625,000 0.65%
Perception Capital Corp Iv
No change
100,032
$1,133,363,000 0.63%
Capital One Finl Corp
Opened
8,153
$1,128,783,000 0.63%
Bynordic Acquisition Corp
Closed
100,000
$1,110,000,000
10x Capital Venture Acq Iii
No change
100,001
$1,100,511,000 0.61%
Eaton Vance Tax-managed Glob
48.49%
128,601
$1,086,678,000 0.61%
Asa Gold And Precious Mtls L
5.32%
61,739
$1,082,902,000 0.60%
Morgan Stanley
Closed
11,200
$1,054,592,000
Virtus Total Return Fd Inc
4.61%
186,928
$1,019,692,000 0.57%
J P Morgan Exchange Traded F
0.48%
17,000
$943,500,000 0.53%
Liberty All-star Growth Fd I
4.61%
168,793
$901,355,000 0.50%
Blackrock Enhanced Equity Di
30.44%
110,244
$900,693,000 0.50%
Nuveen New York Amt Qlt Muni
23.28%
80,565
$893,466,000 0.50%
Ul Solutions Inc
Opened
21,000
$885,990,000 0.49%
Silverbox Corp Iii
No change
82,621
$875,783,000 0.49%
Blackrock Enhancd Cap Inm
53.93%
42,736
$854,293,000 0.48%
Liberty All Star Equity Fd
Closed
119,431
$853,932,000
Sharkninja Inc
Closed
12,500
$778,625,000
Hancock John Tax-advantaged
4.61%
38,218
$772,386,000 0.43%
Srh Total Return Fund Inc
1.40%
51,716
$752,468,000 0.42%
National Westn Life Group In
7.69%
1,400
$695,716,000 0.39%
Walmart Inc
Opened
10,000
$677,100,000 0.38%
Saba Capital Income Opport
Closed
171,013
$653,270,000
Saba Capital Income Opport
Opened
81,669
$637,018,000 0.36%
Lionsgate Studios Corp
Opened
74,847
$603,267,000 0.34%
Everest Consolidator Acq Cor
No change
53,000
$596,515,000 0.33%
Keurig Dr Pepper Inc
Closed
19,146
$587,208,000
Valuence Merger Corp I
Closed
51,005
$577,377,000
Eve Mobility Acquisition Cor
Opened
50,000
$549,500,000 0.31%
Flaherty Crumrine Pfd Secs
13.11%
36,999
$547,215,000 0.31%
Compass Digital Acquisitn Co
Opened
50,000
$544,000,000 0.30%
Calamos Gbl Dyn Income Fund
26.66%
78,076
$535,601,000 0.30%
NextEra Energy Inc
Opened
7,514
$532,066,000 0.30%
Eaton Vance Risk-managed Div
8.92%
60,236
$528,872,000 0.29%
Blackrock Cap Allocation Ter
Opened
30,847
$506,199,000 0.28%
Visa Inc
50.36%
1,883
$494,231,000 0.28%
Cohen Steers Quality Incom
Opened
40,466
$472,643,000 0.26%
Apx Acquisition Corp I
No change
40,000
$464,400,000 0.26%
Blackrock Energy Res Tr
14.91%
33,425
$441,879,000 0.25%
Oddity Tech Ltd
Closed
10,000
$434,500,000
Esh Acquisition Corp
No change
40,117
$418,019,000 0.23%
Sable Offshore Corp
Closed
37,752
$413,762,000
Armada Acquisition Corp I
Opened
36,105
$413,041,000 0.23%
Kraft Heinz Co
Opened
12,500
$402,750,000 0.22%
Marathon Oil Corporation
Opened
14,000
$401,380,000 0.22%
TD Synnex Corp
Closed
3,500
$395,850,000
Putnam Master Inter Income T
71.42%
120,008
$387,026,000 0.22%
Blackrock Enhanced Global Di
Closed
35,564
$371,999,000
Blackrock Municipal Income
Closed
30,619
$369,265,000
Eaton Vance Mun Bd Fd
Closed
35,061
$362,881,000
First Horizon Corporation
Closed
22,500
$346,500,000
Oklo Inc
89.93%
39,557
$335,048,000 0.19%
Blackrock Tax Municpal Bd Tr
Opened
20,326
$332,330,000 0.19%
Adam Nat Res Fd Inc
Closed
13,800
$318,228,000
Nabors Energy Transition Cor
Closed
30,000
$312,000,000
Fst Tr New Opport Mlp Ene
Closed
40,355
$309,119,000
Tortoise Energy Infra Corp
63.97%
8,191
$285,620,000 0.16%
Clough Global Opportunities
4.61%
44,785
$240,943,000 0.13%
Equitrans Midstream Corporation
Opened
18,432
$239,247,000 0.13%
Calamos Strategic Total Retu
Closed
14,560
$238,347,000
Blockchain Coinvstrs Acq Crp
Opened
20,100
$224,718,000 0.13%
Abrdn Global Premier Pptys F
Closed
55,197
$218,580,000
Chesapeake Energy Corp.
Opened
2,614
$214,845,000 0.12%
Williams Cos Inc
Opened
5,000
$212,500,000 0.12%
Flaherty Crumrine Dynamic
8.90%
10,803
$207,418,000 0.12%
Hancock John Prem Divid Fd
4.61%
15,011
$176,830,000 0.10%
Eaton Vance Tax Mnged Buy Wr
64.83%
12,179
$171,967,000 0.10%
Thornburg Incm Builder Opp T
Opened
10,632
$171,494,000 0.10%
Pgim Short Dur Hig Yld Opp F
Closed
10,391
$159,814,000
Juniper Networks Inc
60.00%
4,000
$145,840,000 0.08%
Nuveen Real Estate Income Fd
Closed
18,107
$143,045,000
Abrdn Total Dynamic Dividend
Closed
16,462
$136,470,000
Montana Technologies Corp
Closed
10,000
$112,900,000
Western Asset High Incom Fd
Closed
24,073
$107,606,000
Mfs Inter Income Tr
Opened
39,884
$106,091,000 0.06%
Tcw Strategic Income Fd Inc
Opened
22,365
$106,010,000 0.06%
Canna Global Acquisition Cor
Opened
10,000
$104,300,000 0.06%
Allspring Global Dividend Op
50.21%
21,086
$102,478,000 0.06%
Western Ast Infl Lkd Opp I
Closed
10,696
$92,306,000
Lotus Technology Inc
Closed
10,231
$69,775,000
Putnam Premier Income Tr
42.62%
15,280
$54,702,000 0.03%
Mariadb Plc
173.39%
100,000
$53,360,000 0.03%
No transactions found
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