Bluegrass Capital Partners L.P. 13F annual report
Bluegrass Capital Partners L.P. is an investment fund managing more than $97.9 billion ran by Joseph Cornell. There are currently 12 companies in Mr. Cornell’s portfolio. The largest investments include Transdigm and Sherwin-Williams Co, together worth $25.4 billion.
$97.9 billion Assets Under Management (AUM)
As of 7th August 2024, Bluegrass Capital Partners L.P.’s top holding is 11,000 shares of Transdigm currently worth over $14.1 billion and making up 14.4% of the portfolio value.
Relative to the number of outstanding shares of Transdigm, Bluegrass Capital Partners L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 38,000 shares of Sherwin-Williams Co worth $11.3 billion, whose value grew 12.2% in the past six months.
The third-largest holding is Mastercard worth $9.26 billion and the next is GE Aerospace worth $9.06 billion, with 57,000 shares owned.
Currently, Bluegrass Capital Partners L.P.'s portfolio is worth at least $97.9 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 Bluegrass Capital Partners L.P.
The Bluegrass Capital Partners L.P. office and employees reside in Palm Beach, Florida. According to the last 13-F report filed with the SEC, Joseph Cornell serves as the Managing Partner at Bluegrass Capital Partners L.P..
Recent trades
In the most recent 13F filing, Bluegrass Capital Partners L.P. revealed that it had opened a new position in
GE Aerospace and bought 57,000 shares worth $9.06 billion.
This means they effectively own approximately 0.1% of the company.
GE Aerospace makes up
29.0%
of the fund's Industrials sector allocation and has grown its share price by 45.4% in the past year.
The investment fund also strengthened its position in Sherwin-Williams Co by buying
1,000 additional shares.
This makes their stake in Sherwin-Williams Co total 38,000 shares worth $11.3 billion.
Sherwin-Williams Co soared 26.2% in the past year.
On the other hand, there are companies that Bluegrass Capital Partners L.P. is getting rid of from its portfolio.
Bluegrass Capital Partners L.P. closed its position in Canadian Pac Ry Ltd on 14th August 2024.
It sold the previously owned 100,000 shares for $7.46 billion.
Joseph Cornell also disclosed a decreased stake in Transdigm by 0.3%.
This leaves the value of the investment at $14.1 billion and 11,000 shares.
One of the smallest hedge funds
The two most similar investment funds to Bluegrass Capital Partners L.P. are Linker Capital Management and Kraematon Investment Advisors, Inc. They manage $97.9 billion and $98.1 billion respectively.
Joseph Cornell investment strategy
Bluegrass Capital Partners L.P.’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Industrials — making up 32.0% of
the total portfolio value.
The fund focuses on investments in the United States as
66.7% 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
75% 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 $440 billion.
The complete list of Bluegrass Capital Partners L.P. 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 |
|---|---|---|---|
| Transdigm Group Incorporated |
31.25%
11,000
|
$14,053,710,000 | 14.36% |
| Sherwin-Williams Co. |
2.70%
38,000
|
$11,340,340,000 | 11.59% |
| Mastercard Incorporated |
25.00%
21,000
|
$9,264,360,000 | 9.47% |
| GE Aerospace |
Opened
57,000
|
$9,061,290,000 | 9.26% |
| Microsoft Corporation |
54.55%
20,000
|
$8,939,000,000 | 9.13% |
| Thermo Fisher Scientific Inc. |
50.00%
15,000
|
$8,295,000,000 | 8.48% |
| Canadian Pacific Kansas City |
Opened
105,000
|
$8,266,650,000 | 8.45% |
| Alphabet Inc |
43.75%
45,000
|
$8,253,900,000 | 8.43% |
| Waste Connections Inc |
Opened
46,500
|
$8,154,240,000 | 8.33% |
| Canadian Pac Ry Ltd |
Closed
100,000
|
$7,459,000,000 | |
| Intuit Inc |
Closed
19,000
|
$7,395,180,000 | |
| Moodys Corp |
53.85%
12,000
|
$5,051,160,000 | 5.16% |
| Ball Corp. |
Closed
90,000
|
$4,602,600,000 | |
| Martin Marietta Matls Inc |
Opened
7,500
|
$4,063,500,000 | 4.15% |
| S&P Global Inc |
Opened
7,000
|
$3,122,000,000 | 3.19% |
| Cintas Corporation |
Closed
2,950
|
$1,332,279,000 | |
| NeoGames S.A. |
Closed
48,000
|
$585,120,000 | |
| No transactions found | |||
| Showing first 500 out of 17 holdings | |||
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