Gritstone Asset Management 13F annual report

Gritstone Asset Management is an investment fund managing more than $76 billion ran by Nicholas Skibo. There are currently 45 companies in Mr. Skibo’s portfolio. The largest investments include Ares Acquisition Corp Ii and Nabors Energy Transition Cor, together worth $13.8 billion.

Limited to 30 biggest holdings

$76 billion Assets Under Management (AUM)

As of 13th October 2023, Gritstone Asset Management’s top holding is 995,042 shares of Ares Acquisition Corp Ii currently worth over $10.2 billion and making up 13.5% of the portfolio value. In addition, the fund holds 349,998 shares of Nabors Energy Transition Cor worth $3.56 billion. The third-largest holding is Israel Acquisitions Corp worth $3.15 billion and the next is Eve Mobility Acquisition Cor worth $2.66 billion, with 249,261 shares owned.

Currently, Gritstone Asset Management's portfolio is worth at least $76 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 Gritstone Asset Management

The Gritstone Asset Management office and employees reside in Bethesda, Maryland. According to the last 13-F report filed with the SEC, Nicholas Skibo serves as the Managing Partner at Gritstone Asset Management.

Recent trades

In the most recent 13F filing, Gritstone Asset Management revealed that it had opened a new position in Ares Acquisition Corp Ii and bought 995,042 shares worth $10.2 billion.

The investment fund also strengthened its position in Eve Mobility Acquisition Cor by buying 99,261 additional shares. This makes their stake in Eve Mobility Acquisition Cor total 249,261 shares worth $2.66 billion.

On the other hand, there are companies that Gritstone Asset Management is getting rid of from its portfolio. Gritstone Asset Management closed its position in Elliott Opportunity Ii Corp on 20th October 2023. It sold the previously owned 200,000 shares for $2.05 billion. Nicholas Skibo also disclosed a decreased stake in Investcorp India Acquistn Co by approximately 0.1%. This leaves the value of the investment at $2.26 billion and 209,164 shares.

One of the smallest hedge funds

The two most similar investment funds to Gritstone Asset Management are Lasry Marc and Lazard Asset Management. They manage $75.8 billion and $75.8 billion respectively.


Nicholas Skibo investment strategy

Gritstone Asset Management’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Miscellaneous — making up 7.7% of the total portfolio value. The fund focuses on investments in the United States as 4.4% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are small-cap stocks. Stocks with a size of more than $100 million in market cap make up 13% of the total holdings value. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $127 million.

The complete list of Gritstone Asset Management trades based on 13F SEC filings

These positions were updated on October 20th 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
Ares Acquisition Corp Ii
Opened
995,042
$10,219,082,000 13.45%
Nabors Energy Transition Cor
Opened
349,998
$3,562,979,000 4.69%
Israel Acquisitions Corp
Opened
298,524
$3,150,921,000 4.15%
Eve Mobility Acquisition Cor
66.17%
249,261
$2,662,108,000 3.50%
Bluescape Opportunities Acqu
44.04%
252,063
$2,528,192,000 3.33%
Acropolis Infrastructure Acq
618.39%
241,076
$2,478,262,000 3.26%
Cartesian Growth Corp Ii
163.44%
223,925
$2,431,826,000 3.20%
Silverbox Corp Iii
Opened
223,893
$2,290,426,000 3.02%
Investcorp India Acquistn Co
0.40%
209,164
$2,261,063,000 2.98%
Haymaker Acquisition Corp Iv
Opened
213,988
$2,176,258,000 2.87%
Sk Growth Opportunities Corp
6.02%
199,316
$2,142,648,000 2.82%
Elliott Opportunity Ii Corp
Closed
200,000
$2,049,000,000
Alchemy Invts Acquisitn Corp
Opened
195,000
$2,014,350,000 2.65%
Enphys Acquisition Corp.
271.32%
185,659
$1,949,420,000 2.57%
Ares Acquisition Corporation
0.58%
179,498
$1,931,398,000 2.54%
Spring Valley Acquistn Corp
Opened
178,581
$1,921,532,000 2.53%
Sculptor Acquisition Corp I
Closed
175,682
$1,834,120,000
Tpg Pace Beneficial Ii Corp
Closed
183,776
$1,832,265,000
Forbion European Acqustn Cor
0.53%
151,797
$1,663,695,000 2.19%
Shuaa Partners Acquistn Corp
0.49%
149,261
$1,656,797,000 2.18%
Bellevue Life Scncs Aqstn Co
0.50%
154,268
$1,604,387,000 2.11%
Infinite Acquisition Corp.
0.49%
147,769
$1,589,994,000 2.09%
Inflection Pt Acquisitn Crp
Opened
154,998
$1,583,832,000 2.09%
Mars Acquisition Corp
0.50%
149,255
$1,565,685,000 2.06%
Apollo Strategic Grwt Cptl I
0.55%
148,416
$1,559,852,000 2.05%
SDCL EDGE Acquisition Corp
Opened
145,267
$1,539,830,000 2.03%
Esh Acquisition Corp
Opened
149,600
$1,513,952,000 1.99%
Investcorp Europe Acquisitio
No change
138,194
$1,503,551,000 1.98%
Tortoiseecofin Acquisition C
Opened
142,265
$1,490,938,000 1.96%
Meli Kaszek Pioneer Corp
Closed
140,000
$1,428,014,000
Churchill Capital Corp VII
0.46%
135,234
$1,413,195,000 1.86%
Kimbell Tiger Acquisition Corporation
Closed
127,824
$1,345,987,000
Panacea Acquisition Corp Ii
Closed
130,000
$1,328,600,000
Motive Capital Corp II
Closed
125,678
$1,311,450,000
Portage Fintech Acquisitn Co
Opened
123,981
$1,296,841,000 1.71%
C5 Acquisition Corporation
0.09%
114,693
$1,258,182,000 1.66%
Live Oak Crestview Climate A
416.96%
120,364
$1,243,360,000 1.64%
Vector Acquisition Corp Ii
0.56%
111,082
$1,153,031,000 1.52%
Cf Acquisition Corp Iv
No change
107,890
$1,150,108,000 1.51%
Churchill Capital Corp VI
No change
106,850
$1,116,583,000 1.47%
Ciig Capital Partners Ii Inc
Closed
107,320
$1,116,128,000
G Squared Ascend Ii Inc
Closed
107,538
$1,115,169,000
Forum Merger Iv Corp
Closed
108,064
$1,096,850,000
Uta Acquisition Corporation
Closed
98,752
$1,028,008,000
Target Global Acquisi I Corp
0.18%
91,930
$997,533,000 1.31%
Global Technolgy Acqstn Corp
Closed
95,000
$993,700,000
Blue Whale Acquisition Corp
Closed
99,600
$990,024,000
Iconic Sports Acquisition Corp.
No change
87,218
$942,827,000 1.24%
Zimmer Energy Transition Acq
Closed
90,804
$919,845,000
Tcv Acquisition Corp
Closed
89,815
$919,706,000
AltC Acquisition Corp.
Closed
81,959
$831,884,000
Compass Digital Acquisitn Co
Opened
78,148
$823,680,000 1.08%
Healthcare Ai Acquisition Co
Closed
76,000
$792,680,000
Jaws Mustang Acquisition Cor
0.73%
67,120
$720,876,000 0.95%
Excelfin Acquisition Corp
Closed
65,000
$675,350,000
Afternext Healthtech Acquisi
Closed
63,000
$643,860,000
Anzu Special Acquisitin Corp
Closed
62,877
$631,914,000
Pyrophyte Acquisition Corp.
20.87%
54,998
$600,028,000 0.79%
Keen Vision Acquisition Corp
Opened
50,000
$508,500,000 0.67%
Da32 Life Scnce Tec Acqstn C
Closed
48,938
$495,253,000
Concord Acquisition Corp Ii
Opened
44,824
$460,791,000 0.61%
Power & Digital Infrastructu
0.49%
38,077
$403,616,000 0.53%
Phoenix Biotech Acquisition
Closed
34,026
$363,398,000
Esgen Acquisition Corp
No change
24,431
$272,650,000 0.36%
KnightSwan Acquisition Corp
Opened
25,000
$262,625,000 0.35%
Alpha Partners Tech Mergr Co
Opened
17,260
$182,266,000 0.24%
Orion Biotech Opportuntes Co
Closed
16,330
$167,056,000
New Providence Acqsitn Corp
Closed
15,420
$160,368,000
Bowen Acquisition Corp
Opened
15,000
$153,000,000 0.20%
No transactions found
Showing first 500 out of 69 holdings