Invenomic Capital Management L.P. 13F annual report

Invenomic Capital Management L.P. is an investment fund managing more than $1.88 trillion ran by Benjamin Deschaine. There are currently 166 companies in Mr. Deschaine’s portfolio. The largest investments include Viatris and SS&C Technologies Inc, together worth $111 billion.

Limited to 30 biggest holdings

$1.88 trillion Assets Under Management (AUM)

As of 7th February 2024, Invenomic Capital Management L.P.’s top holding is 5,812,880 shares of Viatris currently worth over $63 billion and making up 3.4% of the portfolio value. Relative to the number of outstanding shares of Viatris, Invenomic Capital Management L.P. owns more than approximately 0.1% of the company. In addition, the fund holds 786,755 shares of SS&C Technologies Inc worth $48.1 billion, whose value grew 6.6% in the past six months. The third-largest holding is Illumina Inc worth $48 billion and the next is Clarivate Plc worth $45.9 billion, with 4,958,488 shares owned.

Currently, Invenomic Capital Management L.P.'s portfolio is worth at least $1.88 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 Invenomic Capital Management L.P.

The Invenomic Capital Management L.P. office and employees reside in Boston, Massachusetts. According to the last 13-F report filed with the SEC, Benjamin Deschaine serves as the Chief Compliance Officer at Invenomic Capital Management L.P..

Recent trades

In the most recent 13F filing, Invenomic Capital Management L.P. revealed that it had opened a new position in Illumina Inc and bought 344,997 shares worth $48 billion. This means they effectively own approximately 0.1% of the company. Illumina Inc makes up 19.8% of the fund's Health Care sector allocation and has decreased its share price by 37.2% in the past year.

The investment fund also strengthened its position in Viatris by buying 1,909,970 additional shares. This makes their stake in Viatris total 5,812,880 shares worth $63 billion. Viatris dropped 2.6% in the past year.

On the other hand, there are companies that Invenomic Capital Management L.P. is getting rid of from its portfolio. Invenomic Capital Management L.P. closed its position in Dropbox Inc on 14th February 2024. It sold the previously owned 2,278,113 shares for $49.3 billion. Benjamin Deschaine also disclosed a decreased stake in SS&C Technologies Inc by 0.1%. This leaves the value of the investment at $48.1 billion and 786,755 shares.

One of the largest hedge funds

The two most similar investment funds to Invenomic Capital Management L.P. are Clearstead Advisors and Howland Capital Management. They manage $1.87 trillion and $1.87 trillion respectively.


Benjamin Deschaine investment strategy

Invenomic Capital Management L.P.’s portfolio is diversified across 13 sectors. Currently, their heaviest sector is Health Care — making up 12.9% of the total portfolio value. The fund focuses on investments in the United States as 57.8% 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 16% 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 $12 billion.

The complete list of Invenomic Capital Management L.P. trades based on 13F SEC filings

These positions were updated on February 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
Viatris Inc.
48.94%
5,812,880
$62,953,490,000 3.36%
Dropbox Inc
Closed
2,278,113
$49,252,803,000
SS&C Technologies Holdings Inc
12.16%
786,755
$48,078,598,000 2.56%
Illumina Inc
Opened
344,997
$48,037,382,000 2.56%
Clarivate Plc
9.35%
4,958,488
$45,915,599,000 2.45%
Chord Energy Corporation
15.12%
272,128
$45,235,837,000 2.41%
Solaredge Technologies Inc
Opened
455,600
$42,644,160,000 2.27%
Zoom Video Communications In
61.25%
580,721
$41,759,647,000 2.23%
AT&T, Inc.
3.19%
2,459,909
$41,277,273,000 2.20%
Centene Corp.
Closed
631,524
$39,918,632,000
Bristol-Myers Squibb Co.
Closed
575,485
$39,886,865,000
Meta Platforms Inc
Closed
184,145
$39,027,691,000
WEX Inc
1.44%
197,851
$38,491,912,000 2.05%
QuidelOrtho Corporation
1,201.50%
503,991
$37,144,137,000 1.98%
Comcast Corp New
31.42%
842,194
$36,930,207,000 1.97%
Vontier Corporation
Closed
1,326,599
$36,269,217,000
Udemy Inc
459.58%
2,234,835
$32,919,120,000 1.76%
Eversource Energy
Opened
493,340
$30,448,945,000 1.62%
Lyft Inc
14.86%
1,982,245
$29,713,853,000 1.58%
Citigroup Inc
Opened
577,068
$29,684,378,000 1.58%
PENN Entertainment Inc
Opened
1,096,316
$28,526,142,000 1.52%
Exelixis Inc
Closed
1,392,709
$27,032,482,000
EBay Inc.
37.25%
614,977
$26,825,297,000 1.43%
Verizon Communications Inc
14.33%
679,497
$25,617,037,000 1.37%
PayPal Holdings Inc
360.54%
405,135
$24,879,340,000 1.33%
Expedia Group Inc
32.78%
158,901
$24,119,583,000 1.29%
frontdoor, inc.
47.87%
681,835
$24,014,229,000 1.28%
Ovintiv Inc
Opened
544,718
$23,924,015,000 1.28%
IPG Photonics Corp
8.86%
216,978
$23,550,792,000 1.26%
Fiserv, Inc.
Closed
203,160
$22,963,175,000
Shutterstock Inc
Opened
454,136
$21,925,686,000 1.17%
DocuSign Inc
Opened
358,881
$21,335,475,000 1.14%
Etsy Inc
Opened
257,162
$20,842,980,000 1.11%
Cognizant Technology Solutio
Closed
337,868
$20,586,297,000
Cousins Pptys Inc
180.40%
808,096
$19,677,138,000 1.05%
Warner Bros.Discovery Inc
16.83%
1,723,094
$19,608,810,000 1.05%
Popular Inc.
Closed
339,811
$19,508,550,000
Macys Inc
Opened
962,810
$19,371,737,000 1.03%
Kinross Gold Corp.
40.99%
3,177,584
$19,224,383,000 1.03%
B2gold Corp
Closed
4,777,433
$18,875,953,000
FMC Corp.
Opened
298,417
$18,815,192,000 1.00%
Global Pmts Inc
27.76%
145,825
$18,519,775,000 0.99%
CoreCivic Inc
21.32%
1,263,838
$18,363,566,000 0.98%
Civitas Resources Inc
Opened
258,083
$17,647,716,000 0.94%
Eldorado Gold Corp.
41.71%
1,357,062
$17,601,094,000 0.94%
Sensata Technologies Hldg Pl
205.54%
459,936
$17,279,796,000 0.92%
3M Co.
Opened
154,996
$16,944,163,000 0.90%
Premier Inc
321.53%
746,306
$16,687,402,000 0.89%
Nomad Foods Ltd
29.56%
966,685
$16,385,311,000 0.87%
Murphy Oil Corp.
73.76%
383,251
$16,349,488,000 0.87%
Southwestern Energy Company
6.35%
2,455,264
$16,081,979,000 0.86%
F5 Inc
Closed
106,825
$15,563,334,000
Medtronic Plc
Closed
190,306
$15,342,470,000
Foot Locker Inc
Opened
487,722
$15,192,540,000 0.81%
Lazard Inc.
28.39%
435,298
$15,148,370,000 0.81%
Smartsheet Inc
150.29%
315,930
$15,107,773,000 0.81%
Under Armour Inc
128.65%
1,774,846
$14,819,964,000 0.79%
New Gold Inc Cda
119.90%
10,101,164
$14,747,699,000 0.79%
Ameren Corp.
Opened
203,734
$14,738,118,000 0.79%
Liberty Broadband Corp
Opened
181,653
$14,639,415,000 0.78%
Hanesbrands Inc
Closed
2,750,911
$14,469,792,000
Akamai Technologies Inc
Closed
183,331
$14,354,817,000
Crescent Pt Energy Corp
18.35%
2,029,368
$14,063,520,000 0.75%
Nuvei Corporation
3.75%
531,722
$13,963,020,000 0.74%
Bausch Plus Lomb Corp
Closed
800,926
$13,944,122,000
Sprouts Fmrs Mkt Inc
Opened
287,681
$13,840,333,000 0.74%
Levi Strauss & Co.
37.67%
807,495
$13,355,967,000 0.71%
Kellanova Co
Opened
235,901
$13,189,225,000 0.70%
Elanco Animal Health Inc
Closed
1,391,933
$13,084,170,000
Pediatrix Medical Group Inc
232.90%
1,377,951
$12,814,944,000 0.68%
Kilroy Rlty Corp
Closed
393,117
$12,736,991,000
Copa Holdings Sa
0.62%
116,800
$12,417,008,000 0.66%
Sanmina Corp
Opened
236,984
$12,173,868,000 0.65%
CVS Health Corp
44.45%
154,047
$12,163,551,000 0.65%
TripAdvisor Inc.
163.99%
563,560
$12,133,447,000 0.65%
Generac Holdings Inc
Opened
93,752
$12,116,508,000 0.65%
Snap Inc
Closed
1,079,147
$12,097,238,000
Expensify Inc
Closed
1,472,401
$12,000,068,000
Kohls Corp
Opened
416,749
$11,952,361,000 0.64%
Cedar Fair L.P.
Closed
254,415
$11,624,221,000
Shell Plc
Opened
172,892
$11,376,294,000 0.61%
Eastman Chem Co
26.70%
126,267
$11,341,302,000 0.60%
Rover Group Inc
Closed
2,499,192
$11,321,340,000
Barrick Gold Corp.
Opened
624,962
$11,305,563,000 0.60%
Conagra Brands Inc
Opened
361,487
$10,360,217,000 0.55%
Flex Ltd
Closed
449,331
$10,339,106,000
TotalEnergies SE
Closed
173,642
$10,253,560,000
Equity Comwlth
Closed
494,679
$10,244,802,000
Huntington Ingalls Inds Inc
Closed
49,451
$10,237,346,000
Celestica, Inc.
Closed
753,222
$9,716,564,000
American Vanguard Corp.
Opened
876,708
$9,617,487,000 0.51%
Envista Holdings Corp
Opened
385,468
$9,274,360,000 0.49%
Fiverr Intl Ltd
Opened
336,096
$9,148,533,000 0.49%
Fresh Del Monte Produce Inc
Opened
344,975
$9,055,594,000 0.48%
Heidrick & Struggles Intl In
21.52%
296,550
$8,757,122,000 0.47%
Fidelity Natl Information Sv
Opened
145,514
$8,741,026,000 0.47%
Iovance Biotherapeutics Inc
Opened
1,053,251
$8,562,931,000 0.46%
Advance Auto Parts Inc
Opened
140,008
$8,544,688,000 0.46%
Equinox Gold Corp
70.94%
1,706,659
$8,345,563,000 0.45%
Alight Inc.
188.77%
969,140
$8,266,764,000 0.44%
Sally Beauty Holdings Inc
Opened
621,825
$8,257,836,000 0.44%
Mativ Holdings Inc
Opened
533,610
$8,169,569,000 0.44%
Fedex Corp
Closed
35,468
$8,104,083,000
American Elec Pwr Co Inc
Opened
98,849
$8,028,516,000 0.43%
Hasbro, Inc.
Closed
147,353
$7,911,383,000
8X8 Inc.
Opened
2,077,777
$7,853,997,000 0.42%
Childrens Pl Inc New
Closed
194,845
$7,842,511,000
Assetmark Finl Hldgs Inc
Closed
248,177
$7,805,167,000
Alibaba Group Hldg Ltd
Opened
100,240
$7,769,602,000 0.41%
Barnes Group Inc.
Opened
237,777
$7,758,664,000 0.41%
Faro Technologies Inc.
402.42%
340,242
$7,665,652,000 0.41%
Raymond James Finl Inc
Closed
81,277
$7,580,706,000
Intel Corp.
Closed
231,829
$7,573,853,000
Newell Brands Inc.
47.71%
867,247
$7,527,704,000 0.40%
Tandem Diabetes Care Inc
Opened
241,006
$7,128,957,000 0.38%
Sealed Air Corp.
Opened
187,142
$6,834,426,000 0.36%
Universal Hlth Svcs Inc
14.68%
44,523
$6,787,086,000 0.36%
Inogen Inc
Closed
520,352
$6,493,993,000
NovoCure Ltd
Opened
433,951
$6,478,888,000 0.35%
Hireright Holdings Corporati
55.27%
462,762
$6,224,149,000 0.33%
Walgreens Boots Alliance Inc
81.74%
237,663
$6,205,381,000 0.33%
Upwork Inc
26.85%
414,908
$6,169,682,000 0.33%
Paramount Global
Opened
413,168
$6,110,755,000 0.33%
Match Group Inc.
Closed
157,830
$6,059,094,000
Allete, Inc.
Opened
98,601
$6,030,437,000 0.32%
Openlane Inc.
Opened
405,727
$6,008,817,000 0.32%
Mistras Group Inc
33.61%
819,491
$5,998,674,000 0.32%
Mohawk Inds Inc
Opened
57,064
$5,906,124,000 0.31%
Geo Group, Inc.
Opened
545,194
$5,904,451,000 0.31%
National Vision Holdings Inc
Opened
280,571
$5,872,351,000 0.31%
Ziff Davis Inc
373.02%
86,851
$5,835,519,000 0.31%
PRA Group Inc
Opened
220,228
$5,769,974,000 0.31%
News Corp
Closed
327,388
$5,653,991,000
Laureate Education Inc
75.06%
405,899
$5,564,875,000 0.30%
Sonoco Prods Co
31.27%
97,813
$5,464,812,000 0.29%
UNIFI, Inc.
14.71%
813,753
$5,419,595,000 0.29%
Yext Inc
Opened
900,362
$5,303,132,000 0.28%
Insteel Inds Inc
Closed
184,878
$5,143,306,000
Manpowergroup Inc Wis
Opened
64,500
$5,125,815,000 0.27%
Avista Corp.
Opened
138,789
$4,960,319,000 0.26%
Baxter International Inc.
77.23%
128,001
$4,948,519,000 0.26%
Anika Therapeutics Inc.
Opened
210,332
$4,766,123,000 0.25%
Informatica Inc.
Closed
275,458
$4,517,511,000
Silvercrest Asset Mgmt Group
19.68%
265,540
$4,514,180,000 0.24%
Gen Digital Inc
Closed
261,802
$4,492,522,000
Belden Inc
Opened
57,537
$4,444,733,000 0.24%
LiveRamp Holdings Inc
86.54%
116,628
$4,417,869,000 0.24%
Netgear Inc
Opened
291,690
$4,252,840,000 0.23%
Healthcare Svcs Group Inc
Opened
406,588
$4,216,318,000 0.22%
Vimeo Inc
41.91%
1,071,372
$4,199,778,000 0.22%
Sandridge Energy Inc
6.48%
303,691
$4,151,456,000 0.22%
Omnicell Com
Opened
104,603
$3,936,211,000 0.21%
Ferroglobe Plc
Closed
762,239
$3,765,461,000
Castle Biosciences, Inc.
96.91%
171,812
$3,707,703,000 0.20%
BrightView Holdings Inc
Closed
657,694
$3,696,240,000
Varex Imaging Corp
Closed
198,429
$3,609,424,000
Stride Inc
70.93%
58,701
$3,485,078,000 0.19%
Warby Parker Inc.
Opened
243,395
$3,431,870,000 0.18%
Whirlpool Corp.
163.36%
27,555
$3,355,372,000 0.18%
GoodRx Holdings, Inc.
Opened
494,207
$3,311,187,000 0.18%
Ziprecruiter, Inc.
Opened
234,318
$3,257,020,000 0.17%
Korn Ferry
28.71%
54,134
$3,212,853,000 0.17%
ADT Inc
Opened
460,609
$3,141,353,000 0.17%
Cognyte Software Ltd
Closed
919,102
$3,115,756,000
Resideo Technologies Inc
Opened
162,856
$3,064,950,000 0.16%
Schneider National Inc
Opened
119,738
$3,047,332,000 0.16%
Viant Technology Inc
45.31%
439,371
$3,027,266,000 0.16%
Southwest Airls Co
59.08%
98,181
$2,835,467,000 0.15%
Coursera, Inc.
Closed
239,010
$2,753,395,000
Riskified Ltd.
Opened
588,250
$2,753,010,000 0.15%
Everbridge Inc
Opened
112,071
$2,724,446,000 0.15%
Hillman Solutions Corp
Opened
295,008
$2,717,024,000 0.14%
Avanos Med Inc
Opened
119,605
$2,682,740,000 0.14%
Casa Sys Inc
Closed
2,063,473
$2,620,611,000
Wolverine World Wide, Inc.
Opened
291,102
$2,587,897,000 0.14%
Vivid Seats Inc
40.75%
395,324
$2,498,448,000 0.13%
Fleetcor Technologies Inc
96.63%
8,364
$2,363,750,000 0.13%
ON24, Inc.
Closed
265,456
$2,325,395,000
Noodles & Company
Opened
731,019
$2,302,710,000 0.12%
Domo Inc.
234.60%
223,106
$2,295,761,000 0.12%
Methode Electrs Inc
Opened
98,154
$2,231,040,000 0.12%
Sasol Ltd
24.29%
224,297
$2,229,512,000 0.12%
Ingevity Corp
Opened
46,584
$2,199,696,000 0.12%
Hamilton Beach Brands Hldg C
Closed
211,483
$2,165,586,000
Fonar Corp.
Closed
131,530
$2,130,786,000
Amplitude Inc
Closed
168,968
$2,101,962,000
Ambev Sa
Closed
734,890
$2,072,390,000
Hurco Co
10.54%
95,220
$2,050,087,000 0.11%
Standard Mtr Prods Inc
Opened
51,304
$2,042,412,000 0.11%
Viad Corp.
Closed
95,534
$1,990,929,000
Telus Intl Cda Inc
Opened
226,097
$1,939,912,000 0.10%
Travelzoo
Closed
305,101
$1,842,810,000
Graftech Intl Ltd
Opened
768,822
$1,683,720,000 0.09%
Petmed Express, Inc.
Opened
215,800
$1,631,448,000 0.09%
Activision Blizzard Inc
Closed
18,847
$1,613,115,000
Comtech Telecommunications C
Opened
188,887
$1,592,317,000 0.08%
United Nat Foods Inc
Opened
92,235
$1,496,974,000 0.08%
El Pollo Loco Holdings Inc
Opened
165,281
$1,457,778,000 0.08%
Lyell Immunopharma Inc
Opened
746,415
$1,448,045,000 0.08%
Ceva Inc.
Opened
60,499
$1,373,932,000 0.07%
WestRock Co
Closed
44,476
$1,355,184,000
Xeris Biopharma Holdings Inc
Opened
568,619
$1,336,255,000 0.07%
Upland Software Inc
55.26%
297,100
$1,256,733,000 0.07%
nLIGHT Inc
79.90%
84,377
$1,139,090,000 0.06%
EchoStar Corp
42.67%
65,403
$1,083,728,000 0.06%
Caesarstone Ltd
41.01%
269,334
$1,007,309,000 0.05%
Strattec Sec Corp
Closed
43,250
$983,938,000
Northern Dynasty Minerals Lt
Opened
2,928,855
$946,899,000 0.05%
Lexaria Bioscience Corp
54.72%
731,981
$914,976,000 0.05%
Applovin Corp
98.65%
22,669
$903,360,000 0.05%
PHX Minerals Inc
19.63%
276,700
$890,974,000 0.05%
Seabridge Gold, Inc.
44.62%
72,420
$878,455,000 0.05%
Algoma Stl Group Inc
52.29%
87,002
$872,630,000 0.05%
Computer Programs & Sys Inc
Opened
75,526
$845,891,000 0.05%
Glatfelter Corporation
34.46%
398,258
$772,621,000 0.04%
Forrester Resh Inc
80.03%
27,824
$745,961,000 0.04%
Thoughtworks Holding Inc
Opened
130,557
$627,979,000 0.03%
Organon & Co
Opened
41,951
$604,933,000 0.03%
MYT Netherlands Parent B.V.
Closed
81,985
$576,355,000
Civeo Corp Cda
Opened
20,816
$475,646,000 0.03%
Sleep Number Corp
Opened
14,932
$221,442,000 0.01%
AcuityAds Holdings Inc
Closed
97,700
$154,697,000
No transactions found
Showing first 500 out of 222 holdings