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.
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.
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.
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.
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.
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.
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 | |||
| Showing first 500 out of 13 holdings | |||