Towerview 13F annual report
Towerview is an investment fund managing more than $153 billion ran by Neil Shapiro. There are currently 26 companies in Mr. Shapiro’s portfolio. The largest investments include Tejon Ranch Co and Saga Communications, together worth $83.9 billion.
$153 billion Assets Under Management (AUM)
As of 19th July 2024, Towerview’s top holding is 3,845,500 shares of Tejon Ranch Co currently worth over $65.6 billion and making up 43.0% of the portfolio value.
Relative to the number of outstanding shares of Tejon Ranch Co, Towerview owns more than 0.1% of the company.
In addition, the fund holds 1,161,144 shares of Saga Communications worth $18.3 billion, whose value fell 37.6% in the past six months.
The third-largest holding is StealthGas Inc worth $16.4 billion and the next is Albertsons Cos Inc Com worth $12.4 billion, with 630,000 shares owned.
Currently, Towerview's portfolio is worth at least $153 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 Towerview
The Towerview office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Neil Shapiro serves as the Controller at Towerview.
Recent trades
In the most recent 13F filing, Towerview revealed that it had opened a new position in
Alumis Inc Com and bought 310,000 shares worth $4.12 billion.
The investment fund also strengthened its position in Albertsons Cos Inc Com by buying
30,000 additional shares.
This makes their stake in Albertsons Cos Inc Com total 630,000 shares worth $12.4 billion.
On the other hand, there are companies that Towerview is getting rid of from its portfolio.
Towerview closed its position in Corning on 26th July 2024.
It sold the previously owned 140,000 shares for $4.61 billion.
Neil Shapiro also disclosed a decreased stake in StealthGas Inc by approximately 0.1%.
This leaves the value of the investment at $16.4 billion and 2,235,000 shares.
One of the smallest hedge funds
The two most similar investment funds to Towerview are Integrity Wealth Solutions and Htg Investment Advisors. They manage $153 billion and $153 billion respectively.
Neil Shapiro investment strategy
Towerview’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Industrials — making up 53.8% of
the total portfolio value.
The fund focuses on investments in the United States as
38.5% 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
12% 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 $7.14 billion.
The complete list of Towerview trades based on 13F SEC filings
These positions were updated on July 26th 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 |
|---|---|---|---|
| Tejon Ranch Co. |
No change
3,845,500
|
$65,604,230,000 | 42.99% |
| Saga Communications, Inc. |
No change
1,161,144
|
$18,288,018,000 | 11.98% |
| StealthGas Inc |
3.25%
2,235,000
|
$16,427,250,000 | 10.76% |
| Albertsons Cos Inc Com |
5.00%
630,000
|
$12,442,500,000 | 8.15% |
| Liberty Media Corp Del Com Lbty Srm S C |
237.16%
308,500
|
$6,836,360,000 | 4.48% |
| Lands End Inc Com |
22.83%
449,491
|
$6,108,583,000 | 4.00% |
| Alico Inc. |
No change
215,303
|
$5,578,501,000 | 3.66% |
| Corning, Inc. |
Closed
140,000
|
$4,614,400,000 | |
| Alumis Inc Com |
Opened
310,000
|
$4,123,000,000 | 2.70% |
| Seritage Growth Pptys Cl A |
No change
680,000
|
$3,175,600,000 | 2.08% |
| Gyrodyne, LLC |
1.37%
347,000
|
$2,723,950,000 | 1.78% |
| United States Steel Corp. |
266.67%
55,000
|
$2,079,000,000 | 1.36% |
| Omniab Inc Com |
114.00%
535,000
|
$2,006,250,000 | 1.31% |
| Cantaloupe Inc |
No change
230,000
|
$1,518,000,000 | 0.99% |
| Capri Holdings Ltd Com Npv |
Opened
40,000
|
$1,323,200,000 | 0.87% |
| Barnes & Noble Ed Inc |
Closed
1,485,000
|
$1,075,437,000 | |
| Imperial Pete Inc Com New |
37.78%
227,100
|
$881,148,000 | 0.58% |
| Warner Bros.Discovery Inc |
No change
100,000
|
$744,000,000 | 0.49% |
| Corvus Pharmaceuticals Inc |
4.58%
400,000
|
$728,000,000 | 0.48% |
| Quantumscape Corp Com Cl A |
125.00%
90,000
|
$442,800,000 | 0.29% |
| Wendys Company Com |
18.18%
22,500
|
$381,600,000 | 0.25% |
| Walgreens Boots Alliance Inc |
No change
30,000
|
$362,850,000 | 0.24% |
| Hollysys Automation Tchngy Ltd |
No change
15,000
|
$324,600,000 | 0.21% |
| Liberty Media Corp Del Com Lbty Srm S A |
No change
8,500
|
$188,275,000 | 0.12% |
| Jbg Smith Pptys Com |
No change
10,000
|
$152,300,000 | 0.10% |
| Garrett Motion Inc |
Closed
10,000
|
$99,400,000 | |
| Childrens Pl Inc New Com |
No change
10,000
|
$81,400,000 | 0.05% |
| Sirius XM Holdings Inc |
Opened
20,000
|
$56,600,000 | 0.04% |
| C3is Inc Ord |
Opened
24,000
|
$33,360,000 | 0.02% |
| C3is Inc Ord |
Closed
50,000
|
$1,740,000 | |
| No transactions found | |||
| Showing first 500 out of 30 holdings | |||
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