Peconic Partners 13F annual report

Peconic Partners is an investment fund managing more than $2.25 trillion ran by Wook Lee. There are currently 10 companies in Mr. Lee’s portfolio. The largest investments include Quanta Scvs Inc and Dycom Inds Inc, together worth $2.03 trillion.

$2.25 trillion Assets Under Management (AUM)

As of 7th August 2024, Peconic Partners’s top holding is 5,598,565 shares of Quanta Scvs Inc currently worth over $1.42 trillion and making up 63.2% of the portfolio value. In addition, the fund holds 3,627,655 shares of Dycom Inds Inc worth $612 billion. The third-largest holding is Micron Technology worth $77.7 billion and the next is Mastec worth $51.5 billion, with 481,720 shares owned.

Currently, Peconic Partners's portfolio is worth at least $2.25 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.

Careers at Peconic Partners

The Peconic Partners office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Wook Lee serves as the Chief Operating Officer at Peconic Partners.

Recent trades

In the most recent 13F filing, Peconic Partners revealed that it had opened a new position in Mastec and bought 481,720 shares worth $51.5 billion. This means they effectively own approximately 0.1% of the company. Mastec makes up 100.0% of the fund's Industrials sector allocation and has grown its share price by 15.4% in the past year.

The investment fund also strengthened its position in Dycom Inds Inc by buying 31,073 additional shares. This makes their stake in Dycom Inds Inc total 3,627,655 shares worth $612 billion.

On the other hand, there are companies that Peconic Partners is getting rid of from its portfolio. Peconic Partners closed its position in The Southern Co on 14th August 2024. It sold the previously owned 76,819 shares for $5.51 billion. Wook Lee also disclosed a decreased stake in Micron Technology by 0.2%. This leaves the value of the investment at $77.7 billion and 591,000 shares.

One of the largest hedge funds

The two most similar investment funds to Peconic Partners are Cardinal Capital Management and Westchester Capital Management. They manage $2.25 trillion and $2.25 trillion respectively.

Wook Lee investment strategy

Peconic Partners’s portfolio is diversified across 5 sectors. Currently, their heaviest sector is Technology — making up 3.5% of the total portfolio value. The fund focuses on investments in the United States as 60.0% 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 50% 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 $67.5 billion.

The complete list of Peconic Partners 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
Quanta Scvs Inc	No change 5,598,565	$1,422,539,381,000	63.18%
Dycom Inds Inc	0.86% 3,627,655	$612,203,058,000	27.19%
Micron Technology Inc.	23.74% 591,000	$77,734,230,000	3.45%
Mastec Inc.	Opened 481,720	$51,539,223,000	2.29%
Ishares Tr	Opened 399,900	$36,702,822,000	1.63%
Dominion Energy Inc	Opened 600,000	$29,400,000,000	1.31%
Duke Energy Corp.	Opened 200,000	$20,046,000,000	0.89%
The Southern Co.	Closed 76,819	$5,510,995,000
Firstenergy Corp.	Closed 100,000	$3,862,000,000
Uber Technologies Inc	Closed 10,330	$795,307,000
Amazon.com Inc.	No change 3,980	$769,135,000	0.03%
NextEra Energy Inc	97.41% 6,485	$459,203,000	0.02%
Select Sector Spdr Tr	99.82% 2,925	$199,310,000	0.01%
No transactions found
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