Corecommodity Management 13F annual report
Corecommodity Management is an investment fund managing more than $258 billion ran by Michael Sheehy. There are currently 133 companies in Mr. Sheehy’s portfolio. The largest investments include Darling Ingredients Inc and Ingredion Inc, together worth $12.6 billion.
$258 billion Assets Under Management (AUM)
As of 7th August 2024, Corecommodity Management’s top holding is 178,791 shares of Darling Ingredients Inc currently worth over $6.57 billion and making up 2.5% of the portfolio value.
Relative to the number of outstanding shares of Darling Ingredients Inc, Corecommodity Management owns more than approximately 0.1% of the company.
In addition, the fund holds 52,998 shares of Ingredion Inc worth $6.08 billion, whose value grew 17.1% in the past six months.
The third-largest holding is Murphy Oil worth $5.99 billion and the next is Agnico Eagle Mines Ltd worth $5.99 billion, with 91,585 shares owned.
Currently, Corecommodity Management's portfolio is worth at least $258 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 Corecommodity Management
The Corecommodity Management office and employees reside in Stamford, Connecticut. According to the last 13-F report filed with the SEC, Michael Sheehy serves as the Managing Director and Chief Compliance Officer at Corecommodity Management.
Recent trades
In the most recent 13F filing, Corecommodity Management revealed that it had opened a new position in
AngloGold Ashanti Plc and bought 50,126 shares worth $1.26 billion.
This means they effectively own approximately 0.1% of the company.
AngloGold Ashanti Plc makes up
2.1%
of the fund's Materials sector allocation and has grown its share price by 73.8% in the past year.
The investment fund also strengthened its position in Darling Ingredients Inc by buying
21,862 additional shares.
This makes their stake in Darling Ingredients Inc total 178,791 shares worth $6.57 billion.
Darling Ingredients Inc dropped 38.4% in the past year.
On the other hand, there are companies that Corecommodity Management is getting rid of from its portfolio.
Corecommodity Management closed its position in Essential Utils Inc on 14th August 2024.
It sold the previously owned 147,555 shares for $5.47 billion.
Michael Sheehy also disclosed a decreased stake in Ingredion Inc by 0.3%.
This leaves the value of the investment at $6.08 billion and 52,998 shares.
One of the smallest hedge funds
The two most similar investment funds to Corecommodity Management are Delta Financial Advisors and Sovereign Investment Advisors. They manage $258 billion and $258 billion respectively.
Michael Sheehy investment strategy
Corecommodity Management’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Materials — making up 23.6% of
the total portfolio value.
The fund focuses on investments in the United States as
43.6% 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
26% 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 $25.4 billion.
The complete list of Corecommodity Management 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 |
|---|---|---|---|
| Darling Ingredients Inc |
13.93%
178,791
|
$6,570,569,000 | 2.55% |
| Ingredion Inc |
25.13%
52,998
|
$6,078,871,000 | 2.35% |
| Murphy Oil Corp. |
75.24%
145,357
|
$5,994,523,000 | 2.32% |
| Agnico Eagle Mines Ltd |
5.48%
91,585
|
$5,987,622,000 | 2.32% |
| Bunge Global SA |
5.26%
55,822
|
$5,960,115,000 | 2.31% |
| Archer Daniels Midland Co. |
4.63%
95,282
|
$5,759,797,000 | 2.23% |
| Tyson Foods, Inc. |
10.90%
100,491
|
$5,742,056,000 | 2.22% |
| Deere Co |
6.06%
15,141
|
$5,657,132,000 | 2.19% |
| Essential Utils Inc |
Closed
147,555
|
$5,466,913,000 | |
| Conocophillips |
292.99%
47,426
|
$5,424,586,000 | 2.10% |
| Pilgrims Pride Corp |
101.42%
135,117
|
$5,200,653,000 | 2.01% |
| Cnh Indl N V |
3.50%
496,922
|
$5,033,820,000 | 1.95% |
| Helmerich Payne Inc |
137.71%
139,090
|
$5,026,713,000 | 1.95% |
| B2gold Corp |
13.13%
1,817,452
|
$4,897,728,000 | 1.90% |
| Corteva Inc |
8.22%
85,261
|
$4,598,978,000 | 1.78% |
| AGCO Corp. |
2.65%
46,558
|
$4,557,097,000 | 1.77% |
| Eog Res Inc |
6.61%
36,128
|
$4,547,431,000 | 1.76% |
| Freeport-McMoRan Inc |
126.46%
92,864
|
$4,513,190,000 | 1.75% |
| Schlumberger Ltd. |
154.20%
91,165
|
$4,301,165,000 | 1.67% |
| FMC Corp. |
1.40%
73,141
|
$4,209,265,000 | 1.63% |
| American Wtr Wks Co Inc New |
55.50%
31,809
|
$4,108,450,000 | 1.59% |
| Hormel Foods Corp. |
23.24%
131,813
|
$4,018,978,000 | 1.56% |
| Cenovus Energy Inc |
7.88%
183,500
|
$3,603,670,000 | 1.40% |
| Crescent Pt Energy Corp |
Closed
432,700
|
$3,542,520,000 | |
| APA Corporation |
113.54%
116,663
|
$3,434,559,000 | 1.33% |
| Callon Pete Co Del |
Closed
95,670
|
$3,421,159,000 | |
| Cnx Res Corp |
1,257.02%
139,149
|
$3,381,321,000 | 1.31% |
| Devon Energy Corp. |
29.06%
68,239
|
$3,234,529,000 | 1.25% |
| ATI Inc |
2.46%
56,968
|
$3,158,876,000 | 1.22% |
| Suncor Energy, Inc. |
34.04%
82,700
|
$3,150,935,000 | 1.22% |
| Array Technologies, Inc. |
61.65%
303,900
|
$3,118,014,000 | 1.21% |
| Liberty Energy Inc |
0.46%
143,133
|
$2,990,048,000 | 1.16% |
| Alcoa Corp |
44.66%
74,813
|
$2,976,061,000 | 1.15% |
| Matador Res Co |
43.96%
49,595
|
$2,955,862,000 | 1.14% |
| PotlatchDeltic Corp |
62.13%
71,800
|
$2,828,202,000 | 1.10% |
| West Fraser Timber Co Ltd |
18.57%
36,400
|
$2,794,215,000 | 1.08% |
| Hecla Mng Co |
31.95%
554,787
|
$2,690,717,000 | 1.04% |
| Coterra Energy Inc |
6.56%
97,570
|
$2,602,192,000 | 1.01% |
| Gold Fields Ltd |
40.55%
172,438
|
$2,569,326,000 | 1.00% |
| MP Materials Corp. |
29.73%
195,385
|
$2,487,251,000 | 0.96% |
| United States Stl Corp New |
11.24%
65,483
|
$2,475,257,000 | 0.96% |
| Pan Amern Silver Corp |
406.91%
123,432
|
$2,453,824,000 | 0.95% |
| Alamos Gold Inc. |
12.42%
151,085
|
$2,369,013,000 | 0.92% |
| Centerra Gold Inc |
No change
349,800
|
$2,351,188,000 | 0.91% |
| Championx Corporation |
15.86%
70,794
|
$2,351,069,000 | 0.91% |
| Halliburton Co. |
28.56%
69,231
|
$2,338,623,000 | 0.91% |
| Civitas Resources Inc |
956.00%
33,813
|
$2,333,097,000 | 0.90% |
| Coeur Mng Inc |
16.90%
395,189
|
$2,220,962,000 | 0.86% |
| Kinross Gold Corp. |
7.20%
266,566
|
$2,217,829,000 | 0.86% |
| Chord Energy Corporation |
2.35%
13,219
|
$2,216,562,000 | 0.86% |
| Patterson-UTI Energy Inc |
No change
203,752
|
$2,110,871,000 | 0.82% |
| Vermilion Energy Inc |
9.19%
188,800
|
$2,077,335,000 | 0.80% |
| Baker Hughes Company |
46.91%
58,901
|
$2,071,548,000 | 0.80% |
| Louisiana Pac Corp |
Closed
24,613
|
$2,065,277,000 | |
| Viper Energy Inc |
607.46%
53,208
|
$1,996,896,000 | 0.77% |
| Noble Corp Plc |
36.98%
43,969
|
$1,963,216,000 | 0.76% |
| Rio Tinto plc |
38.43%
29,516
|
$1,945,990,000 | 0.75% |
| Canadian Nat Res Ltd |
91.24%
54,574
|
$1,942,937,000 | 0.75% |
| Imperial Oil Ltd. |
50.53%
28,300
|
$1,928,655,000 | 0.75% |
| Hudbay Minerals Inc. |
45.42%
212,100
|
$1,918,408,000 | 0.74% |
| Commercial Metals Co. |
1.78%
33,992
|
$1,869,220,000 | 0.72% |
| Southwestern Energy Company |
45.68%
276,062
|
$1,857,897,000 | 0.72% |
| U.S. Silica Holdings Inc |
15.06%
118,613
|
$1,832,571,000 | 0.71% |
| Barrick Gold Corp. |
146.34%
106,464
|
$1,775,820,000 | 0.69% |
| California Wtr Svc Group |
18.37%
36,601
|
$1,774,782,000 | 0.69% |
| Teck Resources Ltd |
11.42%
36,338
|
$1,740,589,000 | 0.67% |
| Rayonier Inc. |
Closed
52,099
|
$1,731,771,000 | |
| Kosmos Energy Ltd |
41.17%
310,233
|
$1,718,691,000 | 0.67% |
| First Solar Inc |
Closed
9,551
|
$1,612,209,000 | |
| Expro Group Holdings Nv |
15.23%
68,161
|
$1,562,250,000 | 0.61% |
| Atlantica Sustainable Infr P |
Closed
82,451
|
$1,523,694,000 | |
| Daqo New Energy Corp |
0.59%
94,993
|
$1,386,898,000 | 0.54% |
| Royal Gold, Inc. |
270.91%
11,068
|
$1,385,271,000 | 0.54% |
| Jinkosolar Hldg Co Ltd |
Closed
54,969
|
$1,384,669,000 | |
| Oceaneering International, Inc. |
No change
56,113
|
$1,327,634,000 | 0.51% |
| Propetro Hldg Corp |
52.97%
151,373
|
$1,312,404,000 | 0.51% |
| Crescent Energy Company |
40.51%
110,664
|
$1,311,368,000 | 0.51% |
| Wheaton Precious Metals Corp |
11.02%
24,759
|
$1,297,867,000 | 0.50% |
| Black Stone Minerals L.P. |
0.22%
82,704
|
$1,295,972,000 | 0.50% |
| Compania De Minas Buenaventu |
14.61%
75,174
|
$1,274,199,000 | 0.49% |
| W T Offshore Inc |
Closed
479,996
|
$1,271,989,000 | |
| AngloGold Ashanti Plc. |
Opened
50,126
|
$1,259,666,000 | 0.49% |
| Amer States Wtr Co |
Closed
17,271
|
$1,247,657,000 | |
| Baytex Energy Corp |
40.99%
357,800
|
$1,239,077,000 | 0.48% |
| Northern Oil Gas Inc |
10.72%
32,131
|
$1,194,309,000 | 0.46% |
| Petroleo Brasileiro Sa Petro |
6.42%
80,821
|
$1,171,096,000 | 0.45% |
| Nutrien Ltd |
4.44%
22,991
|
$1,170,230,000 | 0.45% |
| Ternium Sa |
Closed
28,039
|
$1,166,983,000 | |
| Marathon Oil Corporation |
43.94%
39,441
|
$1,130,773,000 | 0.44% |
| Select Water Solutions Inc |
No change
105,573
|
$1,129,631,000 | 0.44% |
| NOV Inc |
21.47%
54,253
|
$1,031,350,000 | 0.40% |
| ICL Group Ltd. |
0.34%
238,204
|
$1,019,513,000 | 0.39% |
| Cal-Maine Foods, Inc. |
71.25%
16,379
|
$1,000,921,000 | 0.39% |
| Tronox Holdings plc |
Closed
54,763
|
$950,138,000 | |
| Equinox Gold Corp |
8.94%
176,146
|
$921,244,000 | 0.36% |
| Sociedad Quimica Y Minera De |
Closed
18,700
|
$919,292,000 | |
| Metallus Inc |
No change
45,302
|
$918,272,000 | 0.36% |
| Ero Copper Corp |
0.48%
41,900
|
$895,099,000 | 0.35% |
| TotalEnergies SE |
No change
13,186
|
$879,242,000 | 0.34% |
| Companhia De Saneamento Basi |
0.68%
64,549
|
$868,184,000 | 0.34% |
| Ssr Mining In |
32.60%
192,143
|
$866,574,000 | 0.34% |
| Beyond Meat Inc |
Closed
103,003
|
$852,865,000 | |
| Sandstorm Gold Ltd |
No change
150,463
|
$818,519,000 | 0.32% |
| Century Alum Co |
Closed
52,745
|
$811,746,000 | |
| Vale S.A. |
40.90%
71,026
|
$793,360,000 | 0.31% |
| NexGen Energy Ltd |
8.90%
107,500
|
$748,481,000 | 0.29% |
| Canadian Solar Inc |
Closed
37,105
|
$733,195,000 | |
| Newmont Corp |
0.32%
16,926
|
$708,690,000 | 0.27% |
| Warrior Met Coal Inc |
24.81%
10,966
|
$688,336,000 | 0.27% |
| Permian Resources Corp |
0.33%
42,538
|
$686,989,000 | 0.27% |
| Franco Nev Corp |
43.54%
5,645
|
$669,045,000 | 0.26% |
| Algoma Stl Group Inc |
Closed
78,732
|
$668,435,000 | |
| Renew Energy Global Plc |
Closed
110,837
|
$665,022,000 | |
| SunCoke Energy Inc |
0.65%
67,245
|
$659,001,000 | 0.26% |
| Steel Dynamics Inc. |
28.46%
4,811
|
$623,025,000 | 0.24% |
| Precision Drilling Corp |
Closed
8,900
|
$599,290,000 | |
| Osisko Gold Royalties Ltd |
3.24%
38,166
|
$594,626,000 | 0.23% |
| Mosaic Co New |
0.78%
20,157
|
$582,537,000 | 0.23% |
| Nabors Industries Ltd |
175.46%
7,812
|
$555,902,000 | 0.22% |
| Enphase Energy Inc |
161.88%
5,565
|
$554,886,000 | 0.21% |
| Sandridge Energy Inc |
46.94%
42,633
|
$551,245,000 | 0.21% |
| Vital Energy Inc |
Closed
10,448
|
$548,938,000 | |
| VAALCO Energy, Inc. |
6.35%
84,485
|
$529,721,000 | 0.21% |
| Albemarle Corp. |
108.32%
5,483
|
$523,736,000 | 0.20% |
| Brookfield Renewable Corporation |
8.81%
17,139
|
$486,405,000 | 0.19% |
| Nucor Corp. |
Closed
2,437
|
$482,282,000 | |
| Cf Inds Hldgs Inc |
16.40%
5,980
|
$443,238,000 | 0.17% |
| Magnolia Oil Gas Corp |
32.94%
17,383
|
$440,485,000 | 0.17% |
| Exxon Mobil Corp. |
Opened
3,692
|
$425,023,000 | 0.16% |
| Transocean Ltd |
No change
77,937
|
$416,963,000 | 0.16% |
| RPC, Inc. |
44.61%
66,549
|
$415,931,000 | 0.16% |
| Arcelormittal Sa Luxembourg |
5.68%
17,483
|
$400,885,000 | 0.16% |
| Flex Lng Ltd |
Closed
15,764
|
$400,879,000 | |
| Oil Sts Intl Inc |
Closed
61,645
|
$379,733,000 | |
| EQT Corp |
38.33%
9,825
|
$363,329,000 | 0.14% |
| Helix Energy Solutions Grp I |
Opened
29,595
|
$353,364,000 | 0.14% |
| Diamondback Energy Inc |
11.66%
1,712
|
$342,725,000 | 0.13% |
| Range Res Corp |
2.22%
10,133
|
$339,759,000 | 0.13% |
| Compass Minerals International Inc |
Opened
32,365
|
$334,330,000 | 0.13% |
| Occidental Pete Corp |
No change
5,297
|
$333,870,000 | 0.13% |
| Hess Corporation |
No change
2,219
|
$327,347,000 | 0.13% |
| Eldorado Gold Corp. |
No change
21,948
|
$324,611,000 | 0.13% |
| Pioneer Nat Res Co |
Closed
1,220
|
$320,250,000 | |
| Ryerson Hldg Corp |
No change
15,751
|
$307,145,000 | 0.12% |
| Dnow Inc |
67.00%
21,346
|
$293,081,000 | 0.11% |
| Cleveland-Cliffs Inc |
No change
18,476
|
$284,346,000 | 0.11% |
| Silverbow Res Inc |
Closed
8,286
|
$282,884,000 | |
| Dole plc |
Closed
23,564
|
$281,119,000 | |
| Chevron Corp. |
No change
1,724
|
$269,668,000 | 0.10% |
| Bhp Group Ltd |
No change
4,671
|
$266,667,000 | 0.10% |
| Tidewater Inc. |
1.21%
2,687
|
$255,829,000 | 0.10% |
| Ramaco Res Inc |
54.10%
20,512
|
$255,374,000 | 0.10% |
| Fresh Del Monte Produce Inc |
Closed
9,514
|
$246,508,000 | |
| Atlas Energy Solutions Inc |
Closed
10,761
|
$243,414,000 | |
| Geopark Ltd |
Opened
21,997
|
$240,867,000 | 0.09% |
| Adecoagro S.A. |
Closed
21,701
|
$239,145,000 | |
| SM Energy Co |
No change
5,216
|
$225,488,000 | 0.09% |
| Core Laboratories Inc |
Closed
13,063
|
$223,116,000 | |
| Dril-Quip, Inc. |
Closed
9,834
|
$221,560,000 | |
| Southern Copper Corporation |
Opened
1,970
|
$212,248,000 | 0.08% |
| Tetra Technologies, Inc. |
Closed
47,809
|
$211,794,000 | |
| Ormat Technologies Inc |
Closed
3,088
|
$204,395,000 | |
| Enerflex Ltd |
No change
34,600
|
$186,557,000 | 0.07% |
| Talos Energy Inc |
95.08%
14,193
|
$172,445,000 | 0.07% |
| Comstock Res Inc |
1.71%
15,082
|
$156,551,000 | 0.06% |
| Shoals Technologies Group In |
Closed
13,387
|
$149,667,000 | |
| Gerdau Sa |
96.46%
44,353
|
$146,365,000 | 0.06% |
| Sunpower Corp |
Closed
23,041
|
$69,123,000 | |
| First Majestic Silver Corporation |
Closed
10,265
|
$60,358,000 | |
| No transactions found | |||
| Showing first 500 out of 169 holdings | |||
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