Sandia Investment Management L.P. 13F annual report

Sandia Investment Management L.P. is an investment fund managing more than $66.5 billion ran by Thomas Cagna. There are currently 80 companies in Mr. Cagna’s portfolio. The largest investments include Lavoro Ltd and SDCL EDGE Acquisition Corp, together worth $19 billion.

Limited to 30 biggest holdings

$66.5 billion Assets Under Management (AUM)

As of 7th August 2024, Sandia Investment Management L.P.’s top holding is 1,098,250 shares of Lavoro Ltd currently worth over $11.8 billion and making up 17.7% of the portfolio value. In addition, the fund holds 648,999 shares of SDCL EDGE Acquisition Corp worth $7.23 billion, whose value fell approximately 0.1% in the past six months. The third-largest holding is Sk Growth Opportunities Corp worth $3.52 billion and the next is Dmy Squared Technology Group worth $3.21 billion, with 299,167 shares owned.

Currently, Sandia Investment Management L.P.'s portfolio is worth at least $66.5 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 Sandia Investment Management L.P.

The Sandia Investment Management L.P. office and employees reside in Boston, Massachusetts. According to the last 13-F report filed with the SEC, Thomas Cagna serves as the CCO, COO, and CFO at Sandia Investment Management L.P..

Recent trades

In the most recent 13F filing, Sandia Investment Management L.P. revealed that it had opened a new position in Dmy Squared Technology Group and bought 299,167 shares worth $3.21 billion.

The investment fund also strengthened its position in Kenvue Inc by buying 15,000 additional shares. This makes their stake in Kenvue Inc total 50,000 shares worth $909 million.

On the other hand, there are companies that Sandia Investment Management L.P. is getting rid of from its portfolio. Sandia Investment Management L.P. closed its position in Apollo Strategic Grwt Cptl I on 14th August 2024. It sold the previously owned 1,000,000 shares for $10.5 billion. Thomas Cagna also disclosed a decreased stake in SDCL EDGE Acquisition Corp by 0.6%. This leaves the value of the investment at $7.23 billion and 648,999 shares.

One of the smallest hedge funds

The two most similar investment funds to Sandia Investment Management L.P. are American Century Investment Management and Troluce Capital Advisors. They manage $66.1 billion and $66.1 billion respectively.

Thomas Cagna investment strategy

Sandia Investment Management L.P.’s portfolio is diversified across 10 sectors. Currently, their heaviest sector is Miscellaneous — making up 10.9% of the total portfolio value. The fund focuses on investments in the United States as 18.8% 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 5% of the total holdings value. On the other hand, small-cap stocks make up only 2.5% of the portfolio. The average market cap of the portfolio companies is close to $8.68 billion.

The complete list of Sandia Investment Management 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
Lavoro Ltd	No change 1,098,250	$11,785,321,000	17.71%
Apollo Strategic Grwt Cptl I	Closed 1,000,000	$10,510,000,000
Churchill Capital Corp VI	Closed 873,381	$9,126,831,000
Acropolis Infrastructure Acq	Closed 800,000	$8,224,000,000
Southport Acquisition Corp	Closed 700,000	$7,392,000,000
Churchill Capital Corp V	Closed 698,862	$7,268,165,000
SDCL EDGE Acquisition Corp	62.89% 648,999	$7,229,849,000	10.86%
Cf Acquisition Corp Iv	Closed 653,631	$6,967,706,000
Live Oak Crestview Climate A	Closed 642,067	$6,632,552,000
Project Energy Reimagined Ac	Closed 560,000	$5,863,200,000
Anzu Special Acquisitin Corp	Closed 500,000	$5,215,000,000
Power Digital Infrastructu	Closed 486,659	$5,158,585,000
Graf Acquisition Corp. IV	Closed 471,000	$4,907,820,000
Cc Neuberger Principal Holdn	Closed 448,910	$4,893,119,000
Revelstone Capital Acqstn Co	Closed 440,625	$4,683,844,000
Integrated Rail And Res Acq	Closed 403,201	$4,386,827,000
Capitalworks Emng Mkts Acqst	Closed 400,000	$4,320,000,000
Banyan Acquisition Corporati	Closed 400,000	$4,212,000,000
Dhc Acquisition Corp	Closed 400,000	$4,180,000,000
Two	Closed 375,000	$3,930,000,000
Andretti Acquisition Corp.	Closed 350,000	$3,762,500,000
Inception Growth Acqustn Ltd	Closed 340,000	$3,610,800,000
Dp Cap Acquisition Corp I	Closed 328,910	$3,519,337,000
Sk Growth Opportunities Corp	28.93% 316,271	$3,517,756,000	5.29%
7gc Co Holdings Inc	Closed 330,000	$3,488,100,000
Williams Rowland Acquisition Corp.	Closed 332,293	$3,475,785,000
Dmy Squared Technology Group	Opened 299,167	$3,207,070,000	4.82%
Crown PropTech Acquisitions	Closed 298,090	$3,129,945,000
Forest Road Acquisition Cor	Closed 298,090	$3,085,232,000
Tortoiseecofin Acquisition C	84.53% 250,000	$2,730,000,000	4.10%
M3 Brigade Acquisition Ii Co	Closed 260,000	$2,704,000,000
Worldwide Webb Acquisition C	Closed 250,000	$2,645,000,000
Concord Acquisition Corp III	Closed 241,509	$2,603,467,000
Hhl Acquisition Co	Closed 227,876	$2,420,043,000
Fusion Acquisition Corp. II	Closed 227,014	$2,374,566,000
PROOF Acquisition Corp I	Closed 217,689	$2,337,980,000
Kernel Group Holdings Inc	Closed 214,430	$2,275,102,000
10x Capital Venture Acq Iii	Closed 212,500	$2,273,793,000
Juniper II Corp.	Closed 211,207	$2,237,738,000
Atlantic Coastal Acquistn Co	Closed 211,571	$2,210,917,000
Arm Holdings Plc	Closed 40,142	$2,148,400,000
Shoulderup Technology Acquis	Closed 200,000	$2,108,000,000
Churchill Capital Corp VII	71.74% 194,971	$2,099,838,000	3.16%
Portage Fintech Acquisitn Co	Closed 200,000	$2,092,000,000
Plum Acquisition Corp Iii	74.70% 189,720	$2,048,976,000	3.08%
Northern Star Invstmnt Corp	Closed 200,000	$2,042,000,000
Concord Acquisition Corp Ii	85.39% 186,250	$1,976,113,000	2.97%
Excelfin Acquisition Corp	Closed 174,732	$1,859,148,000
Battery Future Acquisition C	Opened 159,209	$1,757,667,000	2.64%
Atlantic Coastal Aqstn Corp	57.14% 150,000	$1,719,000,000	2.58%
Crowdstrike Holdings Inc	Closed 10,000	$1,673,800,000
Blueriver Acquisition Corp	Closed 152,442	$1,609,025,000
Landcadia Holdings Iv Inc	Closed 142,994	$1,489,997,000
Ross Acquisition Corp Ii	Closed 137,724	$1,481,910,000
Pearl Holdings Acquisitn Cor	Opened 125,000	$1,377,500,000	2.07%
Tmt Acquisition Corp	Opened 125,000	$1,372,500,000	2.06%
Swiftmerge Acquisition Corp	72.22% 125,000	$1,367,500,000	2.05%
Welsbach Tech Metals Acqu Co	62.50% 112,500	$1,254,375,000	1.88%
Omnilit Acquisition Corp	Closed 115,000	$1,219,000,000
Blockchain Coinvstrs Acq Crp	70.11% 104,615	$1,169,596,000	1.76%
Pepperlime Health Acqustn Co	Closed 107,841	$1,164,704,000
Beacon Roofing Supply Inc	Closed 15,000	$1,157,550,000
Eve Mobility Acquisition Cor	67.89% 96,342	$1,070,360,000	1.61%
Spring Valley Acquistn Corp	Opened 92,353	$1,026,965,000	1.54%
Coliseum Acquisition Corp	Opened 93,103	$1,020,409,000	1.53%
Bleuacacia Ltd	43.31% 85,033	$913,254,000	1.37%
Kenvue Inc	42.86% 50,000	$909,000,000	1.37%
Core Main Inc	Closed 30,000	$865,500,000
Waystar Hldg Corp	Opened 40,000	$860,000,000	1.29%
Burtech Acquisition Corp	74.28% 77,169	$858,119,000	1.29%
Ares Acquisition Corporation	Closed 79,355	$853,860,000
Screaming Eagle Acquisitn Co	Closed 78,000	$815,880,000
Ul Solutions Inc	Opened 17,500	$738,325,000	1.11%
Corebridge Finl Inc	37.50% 25,000	$728,000,000	1.09%
Mobileye Global Inc	Closed 17,500	$727,125,000
Viking Holdings Ltd	Opened 20,000	$678,800,000	1.02%
Onyx Acquisition Co I	Closed 60,378	$655,705,000
Bruker Corp	Opened 10,000	$638,100,000	0.96%
Skyward Specialty Ins Group	16.67% 17,500	$633,150,000	0.95%
Applovin Corp	Opened 7,500	$624,150,000	0.94%
Keurig Dr Pepper Inc	20.45% 17,500	$584,500,000	0.88%
Valaris Ltd	Closed 7,500	$562,350,000
Marex Group Plc	Opened 27,500	$550,000,000	0.83%
agilon health, inc.	Closed 30,000	$532,800,000
Blue Ocean Acquisition Corp	79.82% 47,400	$528,984,000	0.79%
Klaviyo Inc	Closed 15,000	$517,500,000
APi Group Corporation	Opened 13,391	$503,903,000	0.76%
Aeries Technology Inc	Opened 262,268	$495,687,000	0.74%
Centuri Holdings Inc	Opened 23,900	$465,572,000	0.70%
Rubrik Inc.	Opened 15,172	$465,174,000	0.70%
Clearwater Analytics Hldgs I	Closed 23,655	$457,488,000
Armada Acquisition Corp I	85.44% 38,506	$440,509,000	0.66%
Focus Impact Bh3 Acquisition	90.02% 39,505	$422,704,000	0.64%
Atmus Filtration Technologie	Closed 20,000	$417,000,000
Dutch Bros Inc.	300.00% 10,000	$414,000,000	0.62%
Nextracker Inc	Closed 10,000	$401,600,000
Ge Healthcare Technologies I	50.00% 5,000	$389,600,000	0.59%
Rollins, Inc.	Closed 10,000	$373,300,000
Fidelis Insurance Holdings L	Closed 25,000	$367,000,000
Intapp Inc	Opened 10,000	$366,700,000	0.55%
Bbb Foods Inc	Opened 15,000	$357,900,000	0.54%
Aramark	Closed 10,000	$347,000,000
Permian Resources Corp	300.00% 20,000	$323,000,000	0.49%
GFL Environmental Inc.	Closed 10,000	$317,600,000
Aercap Holdings Nv	Closed 5,000	$313,350,000
Ultragenyx Pharmaceutical In	Opened 7,500	$308,250,000	0.46%
Nasdaq Inc	Opened 5,000	$301,300,000	0.45%
Maplebear Inc	Closed 10,000	$296,900,000
Pacs Group Inc	Opened 10,000	$295,000,000	0.44%
Expro Group Holdings Nv	Closed 12,500	$290,375,000
Savers Value Vlg Inc	Closed 15,000	$280,050,000
DoubleVerify Holdings, Inc.	Closed 10,000	$279,500,000
PTC Inc	Closed 1,968	$278,826,000
Heico Corp.	93.27% 1,508	$267,700,000	0.40%
Ibotta Inc	Opened 3,500	$263,060,000	0.40%
Rivian Automotive, Inc.	Closed 10,000	$242,800,000
Atlas Energy Solutions Inc	Closed 10,900	$242,307,000
HF Sinclair Corporation	Opened 4,500	$240,030,000	0.36%
Ovintiv Inc	Closed 5,000	$237,850,000
AMKOR Technology Inc.	Closed 10,000	$226,000,000
EngageSmart, LLC	Closed 12,500	$224,875,000
Ccc Intelligent Solutions Hl	Opened 20,000	$222,200,000	0.33%
Brightspring Health Svcs Inc	Opened 19,293	$219,168,000	0.33%
Pge Corp	72.22% 12,500	$218,250,000	0.33%
Blue Bird Corp	Closed 10,000	$213,500,000
Oddity Tech Ltd	Closed 7,500	$212,625,000
Green Brick Partners, Inc.	Closed 5,000	$207,550,000
Merchants Bancorp Ind	Opened 5,000	$202,700,000	0.30%
Portland Gen Elec Co	Closed 5,000	$202,400,000
Us Foods Hldg Corp	Closed 5,000	$198,500,000
Kodiak Gas Svcs Inc	Closed 10,000	$178,800,000
Safehold Inc.	Closed 10,000	$178,000,000
Ecovyst Inc	Closed 17,500	$172,200,000
Hesai Group	Closed 16,393	$163,930,000
Ats Corporation	No change 5,000	$161,550,000	0.24%
SI-BONE Inc	Closed 7,600	$161,424,000
Hannon Armstrong Sust Infr C	Closed 7,500	$159,000,000
Bitcoin Depot Inc	70.36% 87,792	$158,026,000	0.24%
Enlight Renewable Energy Ltd	Closed 10,000	$156,900,000
Portillos Inc	Closed 10,000	$153,900,000
Cava Group Inc	Closed 5,000	$153,150,000
Crinetics Pharmaceuticals In	Closed 5,000	$148,700,000
Tempus Ai Inc	Opened 3,900	$136,500,000	0.21%
Immunogen, Inc.	Closed 8,174	$129,721,000
Bowhead Specialty Hldgs Inc	Opened 5,000	$126,700,000	0.19%
REV Group Inc	Opened 5,000	$124,450,000	0.19%
Day One Biopharmaceuticals I	Closed 10,000	$122,700,000
Auna S A	Opened 15,000	$120,000,000	0.18%
Sotera Health Co	Opened 10,000	$118,700,000	0.18%
Liberty Energy Inc	Closed 6,300	$116,676,000
Rapport Therapeutics Inc	Opened 5,000	$116,300,000	0.17%
Gates Indl Corp Plc	Closed 10,000	$116,100,000
Squarespace, Inc.	Closed 4,000	$115,880,000
Webtoon Entmt Inc	Opened 5,000	$114,150,000	0.17%
Dynatrace Inc	80.16% 2,500	$111,850,000	0.17%
Napco Sec Technologies Inc	Closed 5,000	$111,250,000
Complete Solaria Inc	48.00% 98,108	$109,881,000	0.17%
Teva Pharmaceutical Inds Ltd	Closed 10,000	$102,000,000
Acelyrin Inc	Closed 10,000	$101,700,000
Bicycle Therapeutics plc	Closed 5,000	$100,450,000
Abivax Sa	Opened 7,500	$99,150,000	0.15%
Cogent Biosciences, Inc.	Closed 10,000	$97,500,000
4d Molecular Therapeutics In	Closed 7,500	$95,475,000
Prime Medicine Inc	Closed 10,000	$95,400,000
Zeekr Intelligent Technology	Opened 5,000	$94,200,000	0.14%
Evertec Inc	Closed 2,500	$92,950,000
Dun Bradstreet Hldgs Inc	71.43% 10,000	$92,600,000	0.14%
Shoals Technologies Group In	Closed 5,000	$91,250,000
Centessa Pharmaceuticals Plc	Opened 10,000	$90,300,000	0.14%
Contineum Therapeutics Inc	Opened 5,000	$88,050,000	0.13%
Sagimet Biosciences Inc	Closed 10,000	$88,000,000
Biomea Fusion Inc	Closed 6,200	$85,312,000
Exelon Corp.	Closed 2,189	$82,722,000
Jamf Hldg Corp	Opened 5,000	$82,500,000	0.12%
MediaAlpha, Inc.	Opened 6,000	$79,020,000	0.12%
Bumble Inc	Closed 5,000	$74,600,000
Sun Ctry Airls Hldgs Inc	Closed 5,000	$74,200,000
89bio Inc	41.43% 8,786	$70,376,000	0.11%
Composecure Inc	Opened 10,000	$68,000,000	0.10%
Bloom Energy Corp	Closed 5,000	$66,300,000
Addus HomeCare Corporation	Opened 500	$58,055,000	0.09%
New York Cmnty Bancorp Inc	Closed 5,000	$56,700,000
Legalzoom Com Inc	Closed 5,000	$54,700,000
Evgo Inc	Closed 15,529	$52,488,000
Annexon Inc	Opened 10,000	$49,000,000	0.07%
Iovance Biotherapeutics Inc	Closed 10,000	$45,500,000
Syndax Pharmaceuticals Inc	Closed 3,000	$43,560,000
Natera Inc	Closed 970	$42,923,000
Structure Therapeutics Inc	Opened 1,000	$39,270,000	0.06%
Ast Spacemobile Inc	Closed 10,000	$38,000,000
Alight Inc.	80.00% 5,000	$36,900,000	0.06%
Mondee Holdings Inc	Closed 10,000	$35,700,000
Boundless Bio Inc	Opened 7,500	$29,025,000	0.04%
Direct Selling Acquisitin Co	Closed 978,705	$19,574,000
Madison Square Garden Entmt	Closed 231	$7,602,000
Recursion Pharmaceuticals In	Opened 1,000	$7,500,000	0.01%
Banzai International Inc	Opened 41,251	$7,013,000	0.01%
Zapata Computing Hldgs Inc	Opened 341,500	$0	0.00%
No transactions found
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