Third Security 13F annual report
Third Security is an investment fund managing more than $182 million ran by Randal Kirk. There are currently 19 companies in Mr. Kirk’s portfolio. The largest investments include Precigen Inc and AquaBounty Technologies Inc, together worth $121 million.
$182 million Assets Under Management (AUM)
As of 21st July 2022, Third Security’s top holding is 83,465,566 shares of Precigen Inc currently worth over $112 million and making up 61.4% of the portfolio value.
Relative to the number of outstanding shares of Precigen Inc, Third Security owns more than 0.4% of the company.
In addition, the fund holds 5,340,836 shares of AquaBounty Technologies Inc worth $9.13 million, whose value fell 6.3% in the past six months.
The third-largest holding is Abbvie Inc worth $5.91 million and the next is Verizon Communications Inc worth $5.41 million, with 106,600 shares owned.
Currently, Third Security's portfolio is worth at least $182 million. 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 Third Security
The Third Security office and employees reside in Radford, Virginia. According to the last 13-F report filed with the SEC, Randal Kirk serves as the Manager at Third Security.
Recent trades
In the most recent 13F filing, Third Security revealed that it had opened a new position in
Chevron and bought 20,000 shares worth $2.9 million.
This means they effectively own approximately 0.1% of the company.
Chevron makes up
27.5%
of the fund's Energy sector allocation and has grown its share price by 47.5% in the past year.
The investment fund also strengthened its position in AquaBounty Technologies Inc by buying
1,012 additional shares.
This makes their stake in AquaBounty Technologies Inc total 5,340,836 shares worth $9.13 million.
AquaBounty Technologies Inc dropped 70.6% in the past year.
On the other hand, there are companies that Third Security is getting rid of from its portfolio.
Third Security closed its position in Halozyme Therapeutics on 28th July 2022.
It sold the previously owned 161,452 shares for $6.44 million.
Randal Kirk also disclosed a decreased stake in Kinder Morgan Inc by approximately 0.1%.
This leaves the value of the investment at $5.3 million and 316,000 shares.
One of the smallest hedge funds
The two most similar investment funds to Third Security are Bigelow Investment Advisors and Fiduciary Planning. They manage $182 million and $182 million respectively.
Randal Kirk investment strategy
Third Security’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Health Care — making up 71.2% of
the total portfolio value.
The fund focuses on investments in the United States as
84.2% 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
74% 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 $424 billion.
The complete list of Third Security trades based on 13F SEC filings
These positions were updated on July 28th 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 |
|---|---|---|---|
| Precigen Inc |
No change
83,465,566
|
$111,844,000 | 61.44% |
| AquaBounty Technologies Inc |
0.02%
5,340,836
|
$9,133,000 | 5.02% |
| Halozyme Therapeutics Inc. |
Closed
161,452
|
$6,439,000 | |
| Abbvie Inc |
107.53%
38,600
|
$5,912,000 | 3.25% |
| Verizon Communications Inc |
No change
106,600
|
$5,410,000 | 2.97% |
| Kinder Morgan Inc |
1.56%
316,000
|
$5,296,000 | 2.91% |
| Microsoft Corporation |
No change
20,000
|
$5,137,000 | 2.82% |
| Apple Inc |
No change
35,700
|
$4,881,000 | 2.68% |
| Alphabet Inc |
No change
2,200
|
$4,812,000 | 2.64% |
| Altria Group Inc. |
124.00%
112,000
|
$4,678,000 | 2.57% |
| Dominion Energy Inc |
2.56%
40,000
|
$3,192,000 | 1.75% |
| Chevron Corp. |
Opened
20,000
|
$2,896,000 | 1.59% |
| Merck & Co Inc |
No change
30,700
|
$2,799,000 | 1.54% |
| Amazon.com Inc. |
1,900.00%
26,000
|
$2,761,000 | 1.52% |
| International Business Machs |
No change
18,500
|
$2,612,000 | 1.43% |
| Pnc Finl Svcs Group Inc |
6.67%
16,000
|
$2,524,000 | 1.39% |
| Exxon Mobil Corp. |
No change
27,300
|
$2,338,000 | 1.28% |
| Dow Inc |
No change
41,900
|
$2,162,000 | 1.19% |
| Kimberly-Clark Corp. |
No change
16,000
|
$2,162,000 | 1.19% |
| Cisco Sys Inc |
No change
35,200
|
$1,501,000 | 0.82% |
| No transactions found | |||
| Showing first 500 out of 20 holdings | |||
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