Parian Global Management L.P. 13F annual report
Parian Global Management L.P. is an investment fund managing more than $21.8 million ran by Zachary Miller. There are currently 12 companies in Mr. Miller’s portfolio. The largest investments include Vapotherm Inc and Cvrx Inc, together worth $6.65 million.
$21.8 million Assets Under Management (AUM)
As of 8th August 2022, Parian Global Management L.P.’s top holding is 1,368,575 shares of Vapotherm Inc currently worth over $3.46 million and making up 15.9% of the portfolio value.
Relative to the number of outstanding shares of Vapotherm Inc, Parian Global Management L.P. owns less than approximately 0.1% of the company.
In addition, the fund holds 530,448 shares of Cvrx Inc worth $3.19 million.
The third-largest holding is Apollo Endosurgery Inc worth $2.68 million and the next is Neuronetics Inc worth $2.3 million, with 717,973 shares owned.
Currently, Parian Global Management L.P.'s portfolio is worth at least $21.8 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 Parian Global Management L.P.
The Parian Global Management L.P. office and employees reside in Pound Ridge, New York. According to the last 13-F report filed with the SEC, Zachary Miller serves as the Portfolio Manager at Parian Global Management L.P..
Recent trades
In the most recent 13F filing, Parian Global Management L.P. revealed that it had opened a new position in
Natera Inc and bought 22,402 shares worth $794 thousand.
This means they effectively own approximately 0.1% of the company.
Natera Inc makes up
5.8%
of the fund's Health Care sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Cvrx Inc by buying
140,912 additional shares.
This makes their stake in Cvrx Inc total 530,448 shares worth $3.19 million.
On the other hand, there are companies that Parian Global Management L.P. is getting rid of from its portfolio.
Parian Global Management L.P. closed its position in Quanterix Corp on 15th August 2022.
It sold the previously owned 65,010 shares for $2.76 million.
Zachary Miller also disclosed a decreased stake in Vapotherm Inc by approximately 0.1%.
This leaves the value of the investment at $3.46 million and 1,368,575 shares.
One of the smallest hedge funds
The two most similar investment funds to Parian Global Management L.P. are Texas Children's and Smh Capital Advisors Inc. They manage $21.7 million and $21.5 million respectively.
Zachary Miller investment strategy
Parian Global Management L.P.’s portfolio is diversified across 2 sectors.
Currently, their heaviest sector is Health Care — making up 62.6% of
the total portfolio value.
The fund focuses on investments in the United States as
58.3% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
8% of the total holdings value.
On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $1.61 billion.
The complete list of Parian Global Management L.P. trades based on 13F SEC filings
These positions were updated on August 15th 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 |
|---|---|---|---|
| Vapotherm Inc |
0.19%
1,368,575
|
$3,462,000 | 15.85% |
| Cvrx Inc |
36.17%
530,448
|
$3,188,000 | 14.60% |
| Quanterix Corp |
Closed
65,010
|
$2,756,000 | |
| Apollo Endosurgery Inc |
26.05%
732,966
|
$2,675,000 | 12.25% |
| Surgery Partners Inc |
Closed
45,797
|
$2,446,000 | |
| Usio, Inc. |
Closed
551,013
|
$2,402,000 | |
| Neuronetics Inc |
49.43%
717,973
|
$2,304,000 | 10.55% |
| Angiodynamics Inc |
Closed
82,500
|
$2,275,000 | |
| Azenta Inc |
Closed
20,500
|
$2,114,000 | |
| Biodesix Inc |
Closed
396,228
|
$2,096,000 | |
| DENTSPLY Sirona Inc |
Closed
37,578
|
$2,096,000 | |
| Biolife Solutions Inc |
Closed
55,100
|
$2,054,000 | |
| Berkeley Lts Inc |
4.98%
381,496
|
$1,896,000 | 8.68% |
| iRhythm Technologies Inc |
68.71%
17,044
|
$1,841,000 | 8.43% |
| Insulet Corporation |
Closed
6,300
|
$1,676,000 | |
| Lucira Health Inc |
Closed
183,804
|
$1,583,000 | |
| Stereotaxis, Inc. |
49.93%
724,924
|
$1,334,000 | 6.11% |
| Alphatec Holdings Inc |
49.22%
193,822
|
$1,267,000 | 5.80% |
| Castle Biosciences, Inc. |
Closed
29,498
|
$1,265,000 | |
| Sera Prognostics Inc |
109.99%
719,986
|
$1,181,000 | 5.41% |
| Isoplexis Corp |
Closed
122,330
|
$1,124,000 | |
| Renalytix Plc |
31.12%
395,882
|
$970,000 | 4.44% |
| The Oncology Institute Inc |
60.61%
183,828
|
$930,000 | 4.26% |
| QuidelOrtho Corporation |
Closed
6,000
|
$810,000 | |
| Natera Inc |
Opened
22,402
|
$794,000 | 3.64% |
| Alpha Teknova Inc |
Closed
38,069
|
$780,000 | |
| No transactions found | |||
| Showing first 500 out of 26 holdings | |||
Hedge funds similar to Parian Global Management L.P.
- Highwater Wealth Management
- Applied Research Investments
- Davide Leone & Partners Investment Co
- Gruss & Co
- Quilter Investors Ltd
- Cabana
- Blossom Wealth Management
- Texas Children's
- Smh Capital Advisors Inc
- Cerebellum Gp
- Kawa Capital Management, Inc
- Fourpoints Investment Managers, S.a.s
- Proxima Capital Management
- Columbia Capital Iv