Plustick Management is an investment fund managing more than $103 billion ran by Adrian Keevil. There are currently 13 companies in Mr. Keevil’s portfolio. The largest investments include Globalstar and Antero Resources Corp, together worth $31.5 billion.
As of 7th August 2024, Plustick Management’s top holding is 10,975,000 shares of Globalstar currently worth over $16.1 billion and making up 15.6% of the portfolio value.
Relative to the number of outstanding shares of Globalstar, Plustick Management owns more than approximately 0.1% of the company.
In addition, the fund holds 530,000 shares of Antero Resources Corp worth $15.4 billion, whose value grew 28.7% in the past six months.
The third-largest holding is Nextnav Inc worth $14.5 billion and the next is Cleveland-Cliffs Inc worth $12.1 billion, with 530,000 shares owned.
Currently, Plustick Management's portfolio is worth at least $103 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.
The Plustick Management office and employees reside in Charlottesville, Virginia. According to the last 13-F report filed with the SEC, Adrian Keevil serves as the CCO at Plustick Management.
In the most recent 13F filing, Plustick Management revealed that it had opened a new position in
EchoStar Corp and bought 193,428 shares worth $2.76 billion.
This means they effectively own approximately 0.1% of the company.
EchoStar Corp makes up
23.5%
of the fund's Technology sector allocation and has decreased its share price by 24.9% in the past year.
The investment fund also strengthened its position in Globalstar by buying
1,476,000 additional shares.
This makes their stake in Globalstar total 10,975,000 shares worth $16.1 billion.
Globalstar soared 6.1% in the past year.
On the other hand, there are companies that Plustick Management is getting rid of from its portfolio.
Plustick Management closed its position in Valaris Ltd on 14th August 2024.
It sold the previously owned 80,000 shares for $6 billion.
Adrian Keevil also disclosed a decreased stake in Antero Resources Corp by 0.4%.
This leaves the value of the investment at $15.4 billion and 530,000 shares.
The two most similar investment funds to Plustick Management are Pathway Capital Management, L.P. and Northstar Asset Management nj/. They manage $107 billion and $107 billion respectively.
Plustick Management’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Materials — making up 22.7% of
the total portfolio value.
The fund focuses on investments in the United States as
61.5% 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
15% of the total holdings value.
On the other hand, small-cap stocks make up only 7.7% of the portfolio.
The average market cap of the portfolio companies is close to $7.23 billion.
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 |
|---|---|---|---|
| Globalstar Inc. |
15.54%
10,975,000
|
$16,133,250,000 | 15.60% |
| Antero Resources Corp |
42.09%
530,000
|
$15,370,000,000 | 14.86% |
| Nextnav Inc |
No change
2,200,000
|
$14,476,000,000 | 14.00% |
| Cleveland-Cliffs Inc |
0.93%
530,000
|
$12,052,200,000 | 11.65% |
| Teck Resources Ltd |
7.41%
250,000
|
$11,445,000,000 | 11.07% |
| Palantir Technologies Inc. |
No change
275,000
|
$6,327,750,000 | 6.12% |
| Peloton Interactive Inc |
52.04%
1,475,000
|
$6,320,375,000 | 6.11% |
| Valaris Ltd |
Closed
80,000
|
$5,998,400,000 | |
| Peabody Energy Corp. |
19.23%
210,000
|
$5,094,600,000 | 4.93% |
| Fluence Energy Inc |
Closed
190,000
|
$4,368,100,000 | |
| Klx Energy Servics Holdngs I |
0.08%
519,600
|
$4,021,704,000 | 3.89% |
| Enovix Corporation |
No change
485,000
|
$3,884,850,000 | 3.76% |
| Diamondback Energy Inc |
Closed
25,000
|
$3,872,000,000 | |
| Rivian Automotive, Inc. |
Closed
155,000
|
$3,763,400,000 | |
| Applied Digital Corp |
61.90%
680,000
|
$2,910,400,000 | 2.81% |
| EchoStar Corp |
Opened
193,428
|
$2,756,349,000 | 2.66% |
| Innodata Inc |
2.56%
400,000
|
$2,640,000,000 | 2.55% |
| Range Res Corp |
Closed
70,000
|
$2,268,700,000 | |
| Denbury Inc. |
Closed
15,000
|
$1,470,150,000 | |
| Stem Inc |
Closed
260,000
|
$1,102,400,000 | |
| PBF Energy Inc |
Closed
10,000
|
$535,300,000 | |
| Caesars Entertainment Inc Ne |
Closed
10,000
|
$463,500,000 | |
| No transactions found | |||
| Showing first 500 out of 22 holdings | |||