Brightline Capital Management 13F annual report
Brightline Capital Management is an investment fund managing more than $201 billion ran by Naval Khera. There are currently 19 companies in Khera’s portfolio. The largest investments include Overseas Shipholding Group I and Cadeler A S, together worth $34.5 billion.
$201 billion Assets Under Management (AUM)
As of 6th August 2024, Brightline Capital Management’s top holding is 2,150,000 shares of Overseas Shipholding Group I currently worth over $18.2 billion and making up 9.0% of the portfolio value.
In addition, the fund holds 650,000 shares of Cadeler A S worth $16.3 billion.
The third-largest holding is REV Inc worth $16.1 billion and the next is Fluor Corp New worth $15.9 billion, with 365,000 shares owned.
Currently, Brightline Capital Management's portfolio is worth at least $201 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 Brightline Capital Management
The Brightline Capital Management office and employees reside in Miami, Florida. According to the last 13-F report filed with the SEC, Naval Khera serves as the Managing Member at Brightline Capital Management.
Recent trades
In the most recent 13F filing, Brightline Capital Management revealed that it had opened a new position in
Cadeler A S and bought 650,000 shares worth $16.3 billion.
The investment fund also strengthened its position in Overseas Shipholding Group I by buying
130,000 additional shares.
This makes their stake in Overseas Shipholding Group I total 2,150,000 shares worth $18.2 billion.
On the other hand, there are companies that Brightline Capital Management is getting rid of from its portfolio.
Brightline Capital Management closed its position in Owens Corning on 13th August 2024.
It sold the previously owned 81,000 shares for $13.5 billion.
Naval Khera also disclosed a decreased stake in Blue Bird Corp by 0.5%.
This leaves the value of the investment at $8.08 billion and 150,000 shares.
One of the smallest hedge funds
The two most similar investment funds to Brightline Capital Management are Rainwater Charitable Foundation and Acorn Wealth Advisors. They manage $201 billion and $201 billion respectively.
Naval Khera investment strategy
Brightline Capital Management’s portfolio is diversified across 4 sectors.
Currently, their heaviest sector is Materials — making up 22.1% of
the total portfolio value.
The fund focuses on investments in the United States as
57.9% 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
approximately 0.1% 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 $2.3 billion.
The complete list of Brightline Capital Management trades based on 13F SEC filings
These positions were updated on August 13th 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 |
|---|---|---|---|
| Overseas Shipholding Group I |
6.44%
2,150,000
|
$18,232,000,000 | 9.05% |
| Cadeler A S |
Opened
650,000
|
$16,269,500,000 | 8.08% |
| REV Group Inc |
0.31%
647,000
|
$16,103,830,000 | 7.99% |
| Fluor Corp New |
Opened
365,000
|
$15,895,750,000 | 7.89% |
| Masterbrand Inc |
0.31%
985,000
|
$14,459,800,000 | 7.18% |
| Mativ Holdings Inc |
11.33%
835,000
|
$14,161,600,000 | 7.03% |
| Bristow Group Inc |
Opened
410,000
|
$13,747,300,000 | 6.82% |
| Owens Corning |
Closed
81,000
|
$13,510,800,000 | |
| Beazer Homes USA Inc. |
0.41%
488,000
|
$13,410,240,000 | 6.66% |
| Constellium SE |
11.09%
711,000
|
$13,402,350,000 | 6.65% |
| Tutor Perini Corp |
Opened
531,000
|
$11,565,180,000 | 5.74% |
| Kaiser Aluminum Corp |
Opened
99,000
|
$8,702,100,000 | 4.32% |
| Blue Bird Corp |
54.27%
150,000
|
$8,077,500,000 | 4.01% |
| Cleveland-Cliffs Inc |
20.63%
500,000
|
$7,695,000,000 | 3.82% |
| Beacon Roofing Supply Inc |
Opened
76,000
|
$6,878,000,000 | 3.41% |
| Hovnanian Enterprises, Inc. |
6.67%
48,000
|
$6,812,160,000 | 3.38% |
| Builders Firstsource Inc |
No change
45,000
|
$6,228,450,000 | 3.09% |
| TPI Composites Inc |
Opened
1,450,000
|
$5,785,500,000 | 2.87% |
| Great Lakes Dredge & Dock Corporation |
Closed
440,000
|
$3,850,000,000 | |
| Ardagh Metal Packaging S A |
Closed
800,000
|
$2,744,000,000 | |
| Lsb Inds Inc |
Opened
300,000
|
$2,454,000,000 | 1.22% |
| Glatfelter Corporation |
2.65%
1,137,000
|
$1,580,430,000 | 0.78% |
| No transactions found | |||
| Showing first 500 out of 22 holdings | |||
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