Kimmeridge Management is an investment fund managing more than $2.09 trillion ran by Richard Sproll. There are currently 5 companies in Mr. Sproll’s portfolio. The largest investments include Sitio Royalties Corp and Civitas Resources Inc, together worth $1.54 trillion.
As of 7th May 2024, Kimmeridge Management’s top holding is 36,495,520 shares of Sitio Royalties Corp currently worth over $902 billion and making up 43.1% of the portfolio value.
In addition, the fund holds 8,372,358 shares of Civitas Resources Inc worth $636 billion.
The third-largest holding is Chesapeake worth $255 billion and the next is Southwestern worth $187 billion, with 24,619,292 shares owned.
Currently, Kimmeridge Management's portfolio is worth at least $2.09 trillion. 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.
The Kimmeridge Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Richard Sproll serves as the Associate, Compliance at Kimmeridge Management.
In the most recent 13F filing, Kimmeridge Management revealed that it had increased its stake in
Southwestern and bought 6,245,000 additional shares worth around $46 million.
This means they effectively own approximately 0.1% of the company.
Southwestern makes up
42.3%
of the fund's Energy sector allocation and has decreased its share price by approximately 0.1% in the past year.
On the other hand, there are companies that Kimmeridge Management is getting rid of from its portfolio.
Kimmeridge Management closed its position in California Res Corp on 14th May 2024.
It sold the previously owned 3,498,554 shares for $191 billion.
Richard Sproll also disclosed a decreased stake in Chesapeake by approximately 0.1%.
This leaves the value of the investment at $255 billion and 2,867,879 shares.
The two most similar investment funds to Kimmeridge Management are Silvant Capital Management and Peconic Partners. They manage $2.09 trillion and $2.08 trillion respectively.
Kimmeridge Management’s portfolio is diversified across 2 sectors.
Currently, their heaviest sector is Energy — making up 21.1% of
the total portfolio value.
The fund focuses on investments in the United States as
40.0% 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
20% 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 $8.73 billion.
These positions were updated on May 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 |
|---|---|---|---|
| Sitio Royalties Corp |
No change
36,495,520
|
$902,169,254,000 | 43.14% |
| Civitas Resources Inc |
No change
8,372,358
|
$635,545,696,000 | 30.39% |
| Chesapeake Energy Corp. |
9.07%
2,867,879
|
$254,753,692,000 | 12.18% |
| California Res Corp |
Closed
3,498,554
|
$191,300,933,000 | |
| Southwestern Energy Company |
33.99%
24,619,292
|
$186,614,233,000 | 8.92% |
| Enerplus Corporation |
Closed
7,798,700
|
$119,632,058,000 | |
| Silverbow Res Inc |
No change
3,281,356
|
$112,025,494,000 | 5.36% |
| No transactions found | |||
| Showing first 500 out of 7 holdings | |||