Alethea Capital Management 13F annual report

Alethea Capital Management is an investment fund managing more than $132 billion ran by Kasie Cole. There are currently 31 companies in Cole’s portfolio. The largest investments include Axsome Therapeutics Inc and Spdr Ser Tr, together worth $92.7 billion.

Limited to 30 biggest holdings

$132 billion Assets Under Management (AUM)

As of 8th August 2024, Alethea Capital Management’s top holding is 740,888 shares of Axsome Therapeutics Inc currently worth over $59.6 billion and making up 45.3% of the portfolio value. Relative to the number of outstanding shares of Axsome Therapeutics Inc, Alethea Capital Management owns more than approximately 0.1% of the company. In addition, the fund holds 360,028 shares of Spdr Ser Tr worth $33 billion. The third-largest holding is Avidity Biosciences worth $20.6 billion and the next is Kura Oncology Inc worth $5.48 billion, with 265,906 shares owned.

Currently, Alethea Capital Management's portfolio is worth at least $132 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 Alethea Capital Management

The Alethea Capital Management office and employees reside in Mercer Island, Washington. According to the last 13-F report filed with the SEC, Kasie Cole serves as the Executive Assistant at Alethea Capital Management.

Recent trades

In the most recent 13F filing, Alethea Capital Management revealed that it had opened a new position in Cidara Therapeutics Inc and bought 79,908 shares worth $954 million. This means they effectively own approximately 0.1% of the company. Cidara Therapeutics Inc makes up 1.1% of the fund's Health Care sector allocation and has grown its share price by 1238.0% in the past year.

The investment fund also strengthened its position in Spdr Ser Tr by buying 296,862 additional shares. This makes their stake in Spdr Ser Tr total 360,028 shares worth $33 billion.

On the other hand, there are companies that Alethea Capital Management is getting rid of from its portfolio. Alethea Capital Management closed its position in Cidara Therapeutics Inc on 15th August 2024. It sold the previously owned 1,677,194 shares for $1.27 billion. Kasie Cole also disclosed a decreased stake in Axsome Therapeutics Inc by approximately 0.1%. This leaves the value of the investment at $59.6 billion and 740,888 shares.

One of the smallest hedge funds

The two most similar investment funds to Alethea Capital Management are Lightspeed Opportunity Fund, L.P. and Fcg Investment Co. They manage $132 billion and $132 billion respectively.

Kasie Cole investment strategy

Alethea Capital Management’s portfolio is diversified across 8 sectors. Currently, their heaviest sector is Health Care — making up 67.2% of the total portfolio value. The fund focuses on investments in the United States as 71.0% 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 45% of the total holdings value. On the other hand, small-cap stocks make up only 9.7% of the portfolio. The average market cap of the portfolio companies is close to $65.3 billion.

The complete list of Alethea Capital Management 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
Axsome Therapeutics Inc	5.70% 740,888	$59,641,484,000	45.25%
Spdr Ser Tr	469.97% 360,028	$33,043,393,000	25.07%
Avidity Biosciences, Inc.	39.00% 503,504	$20,568,138,000	15.61%
Kura Oncology Inc	26.90% 265,906	$5,475,005,000	4.15%
Ishares Tr	6.38% 23,123	$2,122,229,000	1.61%
Cidara Therapeutics Inc	Closed 1,677,194	$1,268,462,000
Cidara Therapeutics Inc	Opened 79,908	$954,102,000	0.72%
Synchrony Financial	Opened 12,156	$573,642,000	0.44%
AMGEN Inc.	51.83% 1,784	$557,411,000	0.42%
Extra Space Storage Inc.	Opened 3,468	$538,962,000	0.41%
Bank New York Mellon Corp	Opened 8,990	$538,411,000	0.41%
Kimberly-Clark Corp.	Closed 3,751	$509,198,000
Southwest Airls Co	Opened 17,493	$500,475,000	0.38%
Blackrock Inc.	45.88% 620	$488,138,000	0.37%
Abbvie Inc	Opened 2,843	$487,631,000	0.37%
Mondelez International Inc.	Opened 7,324	$479,283,000	0.36%
Mcdonalds Corp	Opened 1,828	$465,777,000	0.35%
Darden Restaurants, Inc.	Opened 3,066	$463,947,000	0.35%
Viatris Inc.	Opened 42,969	$456,760,000	0.35%
Honeywell International Inc	Closed 2,110	$452,173,000
Sysco Corp.	Opened 6,322	$451,328,000	0.34%
Prologis Inc	Opened 3,999	$449,128,000	0.34%
Smucker J M Co	Opened 4,093	$446,301,000	0.34%
Merck & Co Inc	Closed 4,000	$443,800,000
Exxon Mobil Corp.	Closed 4,000	$441,200,000
American Tower Corp.	Opened 2,218	$431,135,000	0.33%
Procter And Gamble Co	Closed 2,700	$409,212,000
C.H. Robinson Worldwide, Inc.	Opened 4,639	$408,789,000	0.31%
Pepsico Inc	Closed 2,200	$397,452,000
Home Depot, Inc.	0.09% 1,149	$395,532,000	0.30%
Fifth Third Bancorp	Opened 10,640	$388,254,000	0.29%
Illinois Tool Wks Inc	Closed 1,750	$385,525,000
Eaton Corp Plc	Closed 2,450	$384,528,000
Pfizer Inc.	Closed 7,189	$368,364,000
Cummins Inc.	Closed 1,500	$363,435,000
Wisdomtree Tr	100.00% 8,020	$362,584,000	0.28%
Bank America Corp	Closed 10,600	$351,072,000
Waste Mgmt Inc Del	Closed 2,200	$345,136,000
Coca-Cola Co	Closed 5,350	$340,314,000
Berkshire Hathaway Inc.	Closed 1,100	$339,790,000
JPMorgan Chase & Co.	Closed 2,500	$335,250,000
Alphabet Inc	Closed 3,500	$310,555,000
Northern Lights Fund Trust	Closed 3,000	$308,970,000
Apple Inc	Closed 2,350	$305,376,000
Spectrum Pharmaceuticals, Inc.	Closed 787,973	$290,368,000
National Fuel Gas Co.	Closed 4,500	$284,850,000
Seagate Technology Hldngs Pl	Opened 2,710	$279,862,000	0.21%
Medtronic Plc	Closed 3,500	$272,020,000
Dow Inc	Closed 5,300	$267,067,000
Microsoft Corporation	Closed 1,075	$257,807,000
Clorox Co.	Opened 1,875	$255,881,000	0.19%
Disney Walt Co	Closed 2,901	$252,039,000
Qualcomm, Inc.	Closed 2,231	$245,276,000
CVS Health Corp	22.88% 4,055	$239,488,000	0.18%
Intel Corp.	Closed 8,200	$216,726,000
Verizon Communications Inc	Closed 5,489	$216,267,000
Blackstone Inc	Closed 2,900	$215,151,000
Spdr Gold Tr	Closed 1,200	$203,568,000
Assertio Holdings, Inc.	Opened 128,448	$159,276,000	0.12%
Robinhood Mkts Inc	Closed 13,158	$107,106,000
Eaton Vance Calif Mun Bd Fd	18.82% 10,658	$101,358,000	0.08%
Open Lending, LLC	No change 12,000	$66,960,000	0.05%
No transactions found
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