Mark Asset Management L.P. 13F annual report
Mark Asset Management L.P. is an investment fund managing more than $757 billion ran by Kevin Burinescu. There are currently 49 companies in Mr. Burinescu’s portfolio. The largest investments include NVIDIA Corp and Meta Platforms Inc, together worth $195 billion.
$757 billion Assets Under Management (AUM)
As of 7th August 2024, Mark Asset Management L.P.’s top holding is 1,201,804 shares of NVIDIA Corp currently worth over $148 billion and making up 19.6% of the portfolio value.
Relative to the number of outstanding shares of NVIDIA Corp, Mark Asset Management L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 92,818 shares of Meta Platforms Inc worth $46.8 billion, whose value grew 11.7% in the past six months.
The third-largest holding is Amazon.com worth $41.1 billion and the next is Arm Holdings Plc worth $39 billion, with 238,589 shares owned.
Currently, Mark Asset Management L.P.'s portfolio is worth at least $757 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 Mark Asset Management L.P.
The Mark Asset Management L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Kevin Burinescu serves as the Chief Compliance Officer at Mark Asset Management L.P..
Recent trades
In the most recent 13F filing, Mark Asset Management L.P. revealed that it had opened a new position in
Apollo Global Mgmt Inc and bought 90,421 shares worth $10.7 billion.
The investment fund also strengthened its position in NVIDIA Corp by buying
1,068,221 additional shares.
This makes their stake in NVIDIA Corp total 1,201,804 shares worth $148 billion.
NVIDIA Corp dropped 73.5% in the past year.
On the other hand, there are companies that Mark Asset Management L.P. is getting rid of from its portfolio.
Mark Asset Management L.P. closed its position in Eli Lilly & Co on 14th August 2024.
It sold the previously owned 19,918 shares for $15.5 billion.
Kevin Burinescu also disclosed a decreased stake in Meta Platforms Inc by approximately 0.1%.
This leaves the value of the investment at $46.8 billion and 92,818 shares.
One of the average hedge funds
The two most similar investment funds to Mark Asset Management L.P. are Waddell & Associates and Siemens Ag. They manage $757 billion and $758 billion respectively.
Kevin Burinescu investment strategy
Mark Asset Management L.P.’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Technology — making up 47.6% of
the total portfolio value.
The fund focuses on investments in the United States as
63.3% 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
53% of the total holdings value.
On the other hand, small-cap stocks make up only 4.1% of the portfolio.
The average market cap of the portfolio companies is close to $293 billion.
The complete list of Mark Asset 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 |
|---|---|---|---|
| NVIDIA Corp |
799.67%
1,201,804
|
$148,471,000,000 | 19.62% |
| Meta Platforms Inc |
9.53%
92,818
|
$46,801,000,000 | 6.19% |
| Amazon.com Inc. |
0.14%
212,884
|
$41,140,000,000 | 5.44% |
| Arm Holdings Plc |
14.21%
238,589
|
$39,038,000,000 | 5.16% |
| Apple Inc |
49.49%
182,682
|
$38,476,000,000 | 5.09% |
| Microsoft Corporation |
0.31%
83,351
|
$37,254,000,000 | 4.92% |
| Arista Networks Inc |
50.90%
88,489
|
$31,014,000,000 | 4.10% |
| Alphabet Inc |
3.30%
157,806
|
$28,744,000,000 | 3.80% |
| Schwab Charles Corp |
4.62%
329,018
|
$24,245,000,000 | 3.20% |
| Disney Walt Co |
9.48%
243,642
|
$24,191,000,000 | 3.20% |
| Netflix Inc. |
33.87%
33,406
|
$22,545,000,000 | 2.98% |
| Take-Two Interactive Software, Inc. |
17.31%
138,011
|
$21,459,000,000 | 2.84% |
| Wynn Resorts Ltd. |
0.28%
213,168
|
$19,079,000,000 | 2.52% |
| Duolingo, Inc. |
263.25%
90,755
|
$18,938,000,000 | 2.50% |
| MGM Resorts International |
0.33%
402,235
|
$17,875,000,000 | 2.36% |
| GE Aerospace |
29.53%
106,036
|
$16,857,000,000 | 2.23% |
| Eli Lilly & Co |
Closed
19,918
|
$15,495,000,000 | |
| Intuitive Surgical Inc |
0.27%
29,067
|
$12,930,000,000 | 1.71% |
| Advanced Micro Devices Inc. |
Closed
69,717
|
$12,583,000,000 | |
| Lennar Corp. |
Closed
64,807
|
$11,146,000,000 | |
| RTX Corp |
22.79%
109,692
|
$11,012,000,000 | 1.46% |
| Tesla Inc |
57.98%
55,041
|
$10,892,000,000 | 1.44% |
| Blackstone Inc |
1.46%
86,929
|
$10,762,000,000 | 1.42% |
| Wells Fargo Co New |
80.97%
180,359
|
$10,712,000,000 | 1.42% |
| Apollo Global Mgmt Inc |
Opened
90,421
|
$10,676,000,000 | 1.41% |
| Crowdstrike Holdings Inc |
28.49%
25,053
|
$9,600,000,000 | 1.27% |
| Starbucks Corp. |
Opened
120,660
|
$9,393,000,000 | 1.24% |
| Uber Technologies Inc |
56.72%
122,710
|
$8,919,000,000 | 1.18% |
| Asml Holding N V |
44.62%
8,678
|
$8,875,000,000 | 1.17% |
| Zscaler Inc |
Opened
40,188
|
$7,724,000,000 | 1.02% |
| Martin Marietta Matls Inc |
74.33%
13,991
|
$7,580,000,000 | 1.00% |
| Micron Technology Inc. |
38.09%
55,237
|
$7,265,000,000 | 0.96% |
| Electronic Arts, Inc. |
Closed
54,297
|
$7,204,000,000 | |
| Dell Technologies Inc |
37.78%
49,778
|
$6,865,000,000 | 0.91% |
| Qualcomm, Inc. |
14.58%
29,781
|
$5,932,000,000 | 0.78% |
| Toll Brothers Inc. |
Closed
42,300
|
$5,472,000,000 | |
| Ge Healthcare Technologies I |
Opened
70,111
|
$5,463,000,000 | 0.72% |
| Zillow Group Inc - A |
Opened
100,440
|
$4,524,000,000 | 0.60% |
| DraftKings Inc. |
71.71%
104,395
|
$3,985,000,000 | 0.53% |
| Flutter Entmt Plc |
Opened
20,064
|
$3,659,000,000 | 0.48% |
| Boeing Co. |
No change
20,000
|
$3,640,000,000 | 0.48% |
| Block Inc |
Closed
39,626
|
$3,352,000,000 | |
| Paramount Global |
Opened
182,331
|
$3,351,000,000 | 0.44% |
| Roblox Corporation |
675.28%
80,908
|
$3,011,000,000 | 0.40% |
| Zillow Group Inc - C |
Opened
60,220
|
$2,794,000,000 | 0.37% |
| Toast, Inc. |
Closed
99,647
|
$2,483,000,000 | |
| Alphabet Inc |
0.16%
13,107
|
$2,404,000,000 | 0.32% |
| SoFi Technologies, Inc. |
79.87%
340,654
|
$2,252,000,000 | 0.30% |
| Astera Labs Inc |
Closed
26,950
|
$1,999,000,000 | |
| Ge Vernova Inc |
Opened
10,000
|
$1,715,000,000 | 0.23% |
| Simon Ppty Group Inc New |
0.90%
8,095
|
$1,229,000,000 | 0.16% |
| Bank America Corp |
0.70%
27,217
|
$1,082,000,000 | 0.14% |
| Shake Shack Inc |
Closed
9,977
|
$1,038,000,000 | |
| Morgan Stanley |
0.94%
9,323
|
$906,000,000 | 0.12% |
| American Tower Corp. |
0.91%
2,228
|
$433,000,000 | 0.06% |
| Atlanta Braves Hldgs Inc-a |
0.30%
9,989
|
$413,000,000 | 0.05% |
| Atlanta Braves Hldgs Inc-c |
0.30%
9,989
|
$394,000,000 | 0.05% |
| Enterprise Prods Partners L |
No change
24,948
|
$24,948,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 58 holdings | |||
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