Must Asset Management is an investment fund managing more than $36.3 billion ran by Sangeun Park. There are currently 23 companies in Park’s portfolio. The largest investments include Sea Ltd and Inmode Ltd, together worth $17.4 billion.
As of 2nd August 2023, Must Asset Management’s top holding is 209,163 shares of Sea Ltd currently worth over $11.9 billion and making up 32.8% of the portfolio value.
Relative to the number of outstanding shares of Sea Ltd, Must Asset Management owns more than approximately 0.1% of the company.
In addition, the fund holds 149,163 shares of Inmode Ltd worth $5.48 billion, whose value grew 22.1% in the past six months.
The third-largest holding is Noble Corp Plc worth $3.99 billion and the next is Eneti Inc worth $3.2 billion, with 264,437 shares owned.
Currently, Must Asset Management's portfolio is worth at least $36.3 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 Must Asset Management office and employees reside in Seoul, Korea, Republic Of. According to the last 13-F report filed with the SEC, Sangeun Park serves as the Head of Invesment Operations at Must Asset Management.
In the most recent 13F filing, Must Asset Management revealed that it had opened a new position in
Inmode Ltd and bought 149,163 shares worth $5.48 billion.
This means they effectively own approximately 0.1% of the company.
Inmode Ltd makes up
79.5%
of the fund's Health Care sector allocation and has grown its share price by 22.1% in the past year.
The investment fund also strengthened its position in Eneti Inc by buying
6,809 additional shares.
This makes their stake in Eneti Inc total 264,437 shares worth $3.2 billion.
On the other hand, there are companies that Must Asset Management is getting rid of from its portfolio.
Must Asset Management closed its position in ONE Hospitality Inc on 9th August 2023.
It sold the previously owned 127,137 shares for $1.02 billion.
Sangeun Park also disclosed a decreased stake in Sea Ltd by approximately 0.1%.
This leaves the value of the investment at $11.9 billion and 209,163 shares.
The two most similar investment funds to Must Asset Management are Longitude (cayman) and Lockerman Financial Group, Inc. They manage $36 billion and $36 billion respectively.
Must Asset Management’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Communication Services — making up 35.4% of
the total portfolio value.
The fund focuses on investments in the Singapore as
4.3% of the portfolio companies
are based in the Singapore.
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
22% of the total holdings value.
On the other hand, small-cap stocks make up only 4.3% of the portfolio.
The average market cap of the portfolio companies is close to $127 billion.
These positions were updated on August 9th 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 |
|---|---|---|---|
| Sea Ltd |
0.83%
209,163
|
$11,897,191,000 | 32.81% |
| Inmode Ltd |
Opened
149,163
|
$5,483,231,000 | 15.12% |
| Noble Corp Plc |
Opened
102,002
|
$3,987,258,000 | 11.00% |
| Eneti Inc |
2.64%
264,437
|
$3,199,687,000 | 8.82% |
| SoFi Technologies, Inc. |
11.38%
254,306
|
$2,215,005,000 | 6.11% |
| Frontline Plc |
Opened
75,364
|
$1,049,066,000 | 2.89% |
| ONE Group Hospitality Inc |
Closed
127,137
|
$1,017,096,000 | |
| Progyny Inc |
89.42%
25,429
|
$991,476,000 | 2.73% |
| Microsoft Corporation |
41.52%
2,454
|
$822,212,000 | 2.27% |
| IDT Corp. |
Closed
23,963
|
$814,262,000 | |
| Euronav NV |
Opened
53,154
|
$795,715,000 | 2.19% |
| Carvana Co. |
Opened
25,590
|
$658,686,000 | 1.82% |
| Activision Blizzard Inc |
71.06%
6,882
|
$571,756,000 | 1.58% |
| Better Choice Co Inc |
8.32%
2,613,879
|
$564,859,000 | 1.56% |
| Golden Ocean Group Ltd |
Opened
75,488
|
$556,346,000 | 1.53% |
| Novo-nordisk A S |
Opened
3,318
|
$521,025,000 | 1.44% |
| Ozon Hldgs Plc |
No change
43,177
|
$500,853,000 | 1.38% |
| General Electric Co. |
7.02%
4,103
|
$442,057,000 | 1.22% |
| A K A Brands Hldg Corp |
Closed
747,534
|
$417,348,000 | |
| Farfetch Ltd |
Opened
65,219
|
$396,531,000 | 1.09% |
| Transocean Ltd |
Opened
61,735
|
$396,338,000 | 1.09% |
| Gravity Co Ltd |
Opened
5,344
|
$384,393,000 | 1.06% |
| Broadwind Inc |
48.21%
82,800
|
$306,360,000 | 0.84% |
| Halozyme Therapeutics Inc. |
47.45%
6,198
|
$214,884,000 | 0.59% |
| Moderna Inc |
Opened
1,715
|
$209,418,000 | 0.58% |
| D Market Electr Svcs & Tradi |
96.59%
57,225
|
$97,854,000 | 0.27% |
| No transactions found | |||
| Showing first 500 out of 26 holdings | |||