P&s Credit Management, L.P. 13F annual report
P&s Credit Management, L.P. is an investment fund managing more than $14.9 billion ran by Marie Bober. There are currently 10 companies in Mrs. Bober’s portfolio. The largest investments include Freeport-mcmoran Copper-b and General Motors, together worth $5.94 billion.
$14.9 billion Assets Under Management (AUM)
As of 2nd January 2024, P&s Credit Management, L.P.’s top holding is 72,000 shares of Freeport-mcmoran Copper-b currently worth over $3.07 billion and making up 20.6% of the portfolio value.
In addition, the fund holds 80,000 shares of General Motors worth $2.87 billion, whose value fell approximately 0.1% in the past six months.
The third-largest holding is Cleveland-Cliffs Inc worth $2.45 billion and the next is Exxon Mobil worth $2.04 billion, with 20,446 shares owned.
Currently, P&s Credit Management, L.P.'s portfolio is worth at least $14.9 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 P&s Credit Management, L.P.
The P&s Credit Management, L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Marie Bober serves as the Director & Chief Compliance Officer/Senior Counsel at P&s Credit Management, L.P..
Recent trades
In the most recent 13F filing, P&s Credit Management, L.P. revealed that it had opened a new position in
General Motors and bought 80,000 shares worth $2.87 billion.
This means they effectively own approximately 0.1% of the company.
General Motors makes up
100.0%
of the fund's Consumer Discretionary sector allocation and has grown its share price by 2.2% in the past year.
The investment fund also strengthened its position in Freeport-mcmoran Copper-b by buying
22,000 additional shares.
This makes their stake in Freeport-mcmoran Copper-b total 72,000 shares worth $3.07 billion.
On the other hand, there are companies that P&s Credit Management, L.P. is getting rid of from its portfolio.
P&s Credit Management, L.P. closed its position in Delta Air Lines on 9th January 2024.
It sold the previously owned 70,000 shares for $3.33 billion.
Marie Bober also disclosed a decreased stake in Southwestern by 0.3%.
This leaves the value of the investment at $1.08 billion and 165,000 shares.
One of the smallest hedge funds
The two most similar investment funds to P&s Credit Management, L.P. are Newfoundland Capital Management and Tuttle Capital Management. They manage $14.9 billion and $14.9 billion respectively.
Marie Bober investment strategy
P&s Credit Management, L.P.’s portfolio is diversified across 4 sectors.
Currently, their heaviest sector is Energy — making up 31.2% of
the total portfolio value.
The fund focuses on investments in the United States as
60.0% 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
20% 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 $88.5 billion.
The complete list of P&s Credit Management, L.P. trades based on 13F SEC filings
These positions were updated on January 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 |
|---|---|---|---|
| Delta Air Lines, Inc. |
Closed
70,000
|
$3,327,800,000 | |
| Freeport-mcmoran Copper-b |
44.00%
72,000
|
$3,065,040,000 | 20.63% |
| General Motors Company |
Opened
80,000
|
$2,873,600,000 | 19.34% |
| Cleveland-Cliffs Inc |
No change
120,000
|
$2,450,400,000 | 16.49% |
| Exxon Mobil Corp. |
70.38%
20,446
|
$2,044,191,000 | 13.76% |
| Southwestern Energy Company |
28.26%
165,000
|
$1,080,750,000 | 7.27% |
| Antero Resources Corp |
20.00%
40,000
|
$907,200,000 | 6.11% |
| Petroleo Brasileiro S.a.-adr |
Opened
45,000
|
$718,650,000 | 4.84% |
| Diamondback Ener |
60.00%
4,000
|
$620,320,000 | 4.18% |
| CNX Resources Corp |
40.00%
30,000
|
$600,000,000 | 4.04% |
| Tronox Inc |
65.00%
35,000
|
$495,600,000 | 3.34% |
| No transactions found | |||
| Showing first 500 out of 11 holdings | |||
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