Daventry L.P. 13F annual report

Daventry L.P. is an investment fund managing more than $224 billion ran by Thomas Hess. There are currently 8 companies in Mr. Hess’s portfolio. The largest investments include Tenable Inc and PTC Inc, together worth $83.4 billion.

$224 billion Assets Under Management (AUM)

As of 7th August 2024, Daventry L.P.’s top holding is 1,044,718 shares of Tenable Inc currently worth over $45.5 billion and making up 20.3% of the portfolio value. Relative to the number of outstanding shares of Tenable Inc, Daventry L.P. owns more than approximately 0.1% of the company. In addition, the fund holds 208,659 shares of PTC Inc worth $37.9 billion, whose value fell 4.8% in the past six months. The third-largest holding is Elastic N.V worth $36.1 billion and the next is Charles Riv Labs Intl Inc worth $24.7 billion, with 119,695 shares owned.

Currently, Daventry L.P.'s portfolio is worth at least $224 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 Daventry L.P.

The Daventry L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Thomas Hess serves as the Chief Operating Officer/ Chief Financial Officer at Daventry L.P..

Recent trades

In the most recent 13F filing, Daventry L.P. revealed that it had increased its stake in Tenable Inc and bought 18,142 additional shares worth around $758 thousand. This means they effectively own approximately 0.1% of the company. Tenable Inc makes up 31.6% of the fund's Technology sector allocation and has decreased its share price by 9.3% in the past year.

On the other hand, there are companies that Daventry L.P. is getting rid of from its portfolio. Daventry L.P. closed its position in Hashicorp Inc on 14th August 2024. It sold the previously owned 1,104,036 shares for $29.8 billion.

One of the smallest hedge funds

The two most similar investment funds to Daventry L.P. are Jacobsen Capital Management and Meros Investment Management, L.P.. They manage $224 billion and $224 billion respectively.

Thomas Hess investment strategy

Daventry L.P.’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Technology — making up 64.3% of the total portfolio value. The fund focuses on investments in the United States as 87.5% 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 13% 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 $5.67 billion.

The complete list of Daventry 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
Tenable Holdings Inc	1.77% 1,044,718	$45,528,810,000	20.33%
PTC Inc	1.76% 208,659	$37,907,081,000	16.93%
Elastic N.V	8.57% 316,975	$36,106,622,000	16.12%
Hashicorp Inc	Closed 1,104,036	$29,753,770,000
Charles Riv Labs Intl Inc	3.49% 119,695	$24,726,593,000	11.04%
Ncino, Inc.	59.69% 774,518	$24,358,591,000	10.88%
Cognex Corp.	30.10% 487,873	$22,812,941,000	10.19%
Certara, Inc.	153.03% 1,308,572	$18,123,722,000	8.09%
Health Catalyst Inc	3.89% 2,247,053	$14,358,669,000	6.41%
agilon health, inc.	Closed 1,750,249	$10,676,519,000
No transactions found
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