First Growth Investment Manager L.P. 13F annual report
First Growth Investment Manager L.P. is an investment fund managing more than $58 billion ran by Nicolas Boullet. There are currently 21 companies in Mr. Boullet’s portfolio. The largest investments include ServiceNow Inc and Five9 Inc, together worth $9.07 billion.
$58 billion Assets Under Management (AUM)
As of 27th July 2023, First Growth Investment Manager L.P.’s top holding is 8,150 shares of ServiceNow Inc currently worth over $4.58 billion and making up 7.9% of the portfolio value.
Relative to the number of outstanding shares of ServiceNow Inc, First Growth Investment Manager L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 54,500 shares of Five9 Inc worth $4.49 billion, whose value fell 1.3% in the past six months.
The third-largest holding is Workday Inc worth $4.48 billion and the next is Paycom Software Inc worth $4.47 billion, with 13,900 shares owned.
Currently, First Growth Investment Manager L.P.'s portfolio is worth at least $58 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 First Growth Investment Manager L.P.
The First Growth Investment Manager L.P. office and employees reside in San Francisco, California. According to the last 13-F report filed with the SEC, Nicolas Boullet serves as the Chief Compliance Officer at First Growth Investment Manager L.P..
Recent trades
In the most recent 13F filing, First Growth Investment Manager L.P. revealed that it had opened a new position in
Descartes Sys Group Inc and bought 21,750 shares worth $1.74 billion.
The investment fund also strengthened its position in Five9 Inc by buying
17,250 additional shares.
This makes their stake in Five9 Inc total 54,500 shares worth $4.49 billion.
Five9 Inc dropped 29.0% in the past year.
On the other hand, there are companies that First Growth Investment Manager L.P. is getting rid of from its portfolio.
First Growth Investment Manager L.P. closed its position in Zoom Video Communications In on 2nd August 2023.
It sold the previously owned 31,750 shares for $2.34 billion.
Nicolas Boullet also disclosed a decreased stake in ServiceNow Inc by 0.2%.
This leaves the value of the investment at $4.58 billion and 8,150 shares.
One of the smallest hedge funds
The two most similar investment funds to First Growth Investment Manager L.P. are Cohen & Co Management and Mackenzie Financial Corp. They manage $58.1 billion and $58.1 billion respectively.
Nicolas Boullet investment strategy
First Growth Investment Manager L.P.’s portfolio is diversified across 4 sectors.
Currently, their heaviest sector is Technology — making up 76.2% of
the total portfolio value.
The fund focuses on investments in the United States as
71.4% 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
67% 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 $34.1 billion.
The complete list of First Growth Investment Manager L.P. trades based on 13F SEC filings
These positions were updated on August 2nd 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 |
|---|---|---|---|
| ServiceNow Inc |
19.31%
8,150
|
$4,580,056,000 | 7.89% |
| Five9 Inc |
46.31%
54,500
|
$4,493,525,000 | 7.75% |
| Workday Inc |
1.53%
19,850
|
$4,483,917,000 | 7.73% |
| Paycom Software Inc |
0.36%
13,900
|
$4,465,236,000 | 7.70% |
| BlackLine Inc |
2.55%
80,500
|
$4,332,510,000 | 7.47% |
| Shopify Inc |
3.58%
65,150
|
$4,208,690,000 | 7.25% |
| Atlassian Corporation |
3.55%
20,350
|
$3,414,934,000 | 5.89% |
| MercadoLibre Inc |
93.10%
2,800
|
$3,316,880,000 | 5.72% |
| Procore Technologies, Inc. |
59.02%
48,500
|
$3,155,895,000 | 5.44% |
| Snowflake Inc. |
1.55%
16,350
|
$2,877,273,000 | 4.96% |
| HubSpot Inc |
10.64%
5,200
|
$2,766,868,000 | 4.77% |
| MongoDB Inc |
No change
6,500
|
$2,671,435,000 | 4.60% |
| Airbnb, Inc. |
11.83%
20,500
|
$2,627,280,000 | 4.53% |
| Trade Desk Inc |
140.00%
33,000
|
$2,548,260,000 | 4.39% |
| Zoom Video Communications In |
Closed
31,750
|
$2,344,420,000 | |
| Descartes Sys Group Inc |
Opened
21,750
|
$1,742,393,000 | 3.00% |
| Makemytrip Limited Mauritius |
61.92%
61,500
|
$1,659,270,000 | 2.86% |
| Tyler Technologies, Inc. |
Opened
3,950
|
$1,645,057,000 | 2.84% |
| ZoomInfo Technologies Inc. |
21.79%
61,000
|
$1,548,790,000 | 2.67% |
| Autodesk Inc. |
65.75%
5,000
|
$1,023,050,000 | 1.76% |
| Salesforce Inc |
No change
1,150
|
$242,949,000 | 0.42% |
| Twilio Inc |
76.84%
3,300
|
$209,946,000 | 0.36% |
| No transactions found | |||
| Showing first 500 out of 22 holdings | |||
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