Sycomore Asset Management 13F annual report
Sycomore Asset Management is an investment fund managing more than $564 million ran by Jean-baptiste Blanc. There are currently 67 companies in Blanc’s portfolio. The largest investments include Microsoft and NVIDIA Corp, together worth $111 million.
$564 million Assets Under Management (AUM)
As of 21st August 2024, Sycomore Asset Management’s top holding is 156,322 shares of Microsoft currently worth over $70.7 million and making up 12.5% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Sycomore Asset Management owns more than approximately 0.1% of the company.
In addition, the fund holds 315,810 shares of NVIDIA Corp worth $39.9 million, whose value fell 83.5% in the past six months.
The third-largest holding is Eli Lilly worth $35.2 million and the next is ServiceNow Inc worth $25.5 million, with 33,878 shares owned.
Currently, Sycomore Asset Management's portfolio is worth at least $564 million. 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 Sycomore Asset Management
The Sycomore Asset Management office and employees reside in Paris, France. According to the last 13-F report filed with the SEC, Jean-baptiste Blanc serves as the HEAD OF COMPLIANCE at Sycomore Asset Management.
Recent trades
In the most recent 13F filing, Sycomore Asset Management revealed that it had opened a new position in
Workday Inc and bought 71,066 shares worth $15.4 million.
The investment fund also strengthened its position in Microsoft by buying
19,501 additional shares.
This makes their stake in Microsoft total 156,322 shares worth $70.7 million.
Microsoft soared 27.8% in the past year.
On the other hand, there are companies that Sycomore Asset Management is getting rid of from its portfolio.
Sycomore Asset Management closed its position in Salesforce.com on 28th August 2024.
It sold the previously owned 43,441 shares for $13.3 million.
Jean-baptiste Blanc also disclosed a decreased stake in Applied Material by 0.1%.
This leaves the value of the investment at $12.7 million and 54,505 shares.
One of the smallest hedge funds
The two most similar investment funds to Sycomore Asset Management are Psagot Value and Alcentra Ltd (bny Mellon). They manage $563 million and $566 million respectively.
Jean-baptiste Blanc investment strategy
Sycomore Asset Management’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Technology — making up 44.9% of
the total portfolio value.
The fund focuses on investments in the United States as
55.2% 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
45% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $123 billion.
The complete list of Sycomore Asset Management trades based on 13F SEC filings
These positions were updated on August 28th 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 |
|---|---|---|---|
| Microsoft Corporation |
14.25%
156,322
|
$70,683,000 | 12.52% |
| NVIDIA Corp |
542.02%
315,810
|
$39,918,000 | 7.07% |
| Eli Lilly |
206.44%
39,013
|
$35,161,000 | 6.23% |
| ServiceNow Inc |
11.98%
33,878
|
$25,541,000 | 4.53% |
| Advanced Micro Devices Inc. |
28.62%
137,883
|
$21,722,000 | 3.85% |
| Intuit Inc |
23.67%
31,553
|
$20,114,000 | 3.56% |
| Stellantis Nv |
664.81%
929,984
|
$19,254,000 | 3.41% |
| Broadcom Inc |
7.33%
10,122
|
$16,114,000 | 2.85% |
| Cyberark |
36.63%
60,781
|
$15,973,000 | 2.83% |
| Workday Inc |
Opened
71,066
|
$15,406,000 | 2.73% |
| Stryker Corp. |
149.91%
42,659
|
$14,526,000 | 2.57% |
| Salesforce.com |
Closed
43,441
|
$13,262,000 | |
| Mongo Db |
86.38%
53,568
|
$12,884,000 | 2.28% |
| Applied Material |
14.12%
54,505
|
$12,654,000 | 2.24% |
| Alcon Inc. |
43.72%
139,811
|
$12,468,000 | 2.21% |
| Eaton Corp |
1.89%
38,589
|
$12,166,000 | 2.16% |
| Nextracker |
9.94%
239,883
|
$11,176,000 | 1.98% |
| Procore Technology |
61.07%
174,723
|
$11,016,000 | 1.95% |
| Accenture plc |
66.13%
34,923
|
$10,638,000 | 1.88% |
| Synopsys, Inc. |
86.66%
17,748
|
$10,623,000 | 1.88% |
| Waste Connections Inc |
1.97%
43,516
|
$10,358,000 | 1.84% |
| Vertiv Holdings Co |
Opened
117,516
|
$10,225,000 | 1.81% |
| Duolingo, Inc. |
11.10%
46,565
|
$9,494,000 | 1.68% |
| Confluent |
308.31%
333,083
|
$9,176,000 | 1.63% |
| Alphabet - A |
4.01%
46,363
|
$8,525,000 | 1.51% |
| Veeva |
Opened
45,033
|
$8,298,000 | 1.47% |
| GitLab Inc. |
135.61%
166,574
|
$8,089,000 | 1.43% |
| Micron Technology Inc. |
62.55%
54,909
|
$7,817,000 | 1.38% |
| Mastercard Incorporated |
142.68%
15,859
|
$7,174,000 | 1.27% |
| Progressive Us |
9.54%
28,128
|
$5,856,000 | 1.04% |
| T-Mobile US Inc |
27.36%
33,045
|
$5,826,000 | 1.03% |
| Sentinel One |
40.36%
288,860
|
$5,537,000 | 0.98% |
| Freeport/mc Moran |
No change
110,376
|
$5,460,000 | 0.97% |
| Palo Alto |
40.60%
15,500
|
$5,042,000 | 0.89% |
| Thermo Fisher |
9.55%
8,963
|
$5,003,000 | 0.89% |
| Quanta Services, Inc. |
19.61%
17,545
|
$4,677,000 | 0.83% |
| Wabtec |
8.63%
27,942
|
$4,453,000 | 0.79% |
| Qiagen N.V. |
Opened
101,488
|
$4,425,000 | 0.78% |
| Intuitive Surgical Inc |
28.58%
9,120
|
$4,036,000 | 0.72% |
| Deere |
48.00%
10,006
|
$3,765,000 | 0.67% |
| Clean Harbors, Inc. |
7.15%
15,935
|
$3,633,000 | 0.64% |
| NextEra Energy Inc |
0.28%
47,341
|
$3,473,000 | 0.62% |
| Owens Corning |
6.41%
19,430
|
$3,365,000 | 0.60% |
| Xylem Inc |
7.16%
24,266
|
$3,305,000 | 0.59% |
| Visa Inc |
Closed
10,468
|
$2,931,000 | |
| First Solar Inc |
61.87%
10,472
|
$2,596,000 | 0.46% |
| Republic Services, Inc. |
11.92%
12,274
|
$2,382,000 | 0.42% |
| Arista Networks Inc |
29.61%
7,039
|
$2,356,000 | 0.42% |
| Pure Storage Inc |
Opened
36,021
|
$2,259,000 | 0.40% |
| Mastec Inc. |
59.39%
20,620
|
$2,240,000 | 0.40% |
| Verisk Analytics Inc |
45.81%
8,259
|
$2,229,000 | 0.39% |
| ON Semiconductor Corp. |
No change
30,938
|
$2,109,000 | 0.37% |
| Astera Labs Inc |
Opened
36,647
|
$2,038,000 | 0.36% |
| Equinix Inc |
Closed
2,125
|
$1,934,000 | |
| HubSpot Inc |
9.53%
2,988
|
$1,699,000 | 0.30% |
| Acuity Brands, Inc. |
0.21%
7,036
|
$1,687,000 | 0.30% |
| Teradata Corp |
No change
47,103
|
$1,598,000 | 0.28% |
| American Water Works Co. Inc. |
0.22%
10,652
|
$1,380,000 | 0.24% |
| Shoals Technologies |
0.27%
146,376
|
$919,000 | 0.16% |
| Oracle Us |
Closed
7,535
|
$847,000 | |
| Datadog Inc |
No change
6,700
|
$825,000 | 0.15% |
| Aptiv PLC |
0.21%
10,550
|
$713,000 | 0.13% |
| Darling Ingredients Inc |
0.22%
16,899
|
$604,000 | 0.11% |
| MP Materials Corp. |
27.78%
37,180
|
$468,000 | 0.08% |
| WestRock Co |
15.25%
8,475
|
$421,000 | 0.07% |
| Ishares Semiconductor |
Closed
1,540
|
$351,000 | |
| Alibaba Group |
30.00%
3,500
|
$260,000 | 0.05% |
| Invesco China Technology Etf |
36.00%
6,400
|
$220,000 | 0.04% |
| Hashicorp |
98.05%
6,000
|
$201,000 | 0.04% |
| Invesco Solar Etf |
Closed
3,600
|
$165,000 | |
| Amazon.com Inc. |
47.06%
450
|
$87,000 | 0.02% |
| Berkshire Hathaway Inc. |
No change
200
|
$82,000 | 0.01% |
| Tilray Inc Class 2 Common |
Closed
29,500
|
$50,000 | |
| Kingsoft Cloud |
Opened
2,500
|
$7,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 74 holdings | |||
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