Cowbird Capital L.P. 13F annual report

Cowbird Capital L.P. is an investment fund managing more than $103 billion ran by Gary Tynes. There are currently 12 companies in Mr. Tynes’s portfolio. The largest investments include Progyny Inc and Liberty Media, together worth $26.3 billion.

$103 billion Assets Under Management (AUM)

As of 8th May 2024, Cowbird Capital L.P.’s top holding is 361,272 shares of Progyny Inc currently worth over $13.8 billion and making up 13.4% of the portfolio value. Relative to the number of outstanding shares of Progyny Inc, Cowbird Capital L.P. owns more than approximately 0.1% of the company. In addition, the fund holds 190,622 shares of Liberty Media worth $12.5 billion, whose value fell 2.9% in the past six months. The third-largest holding is Target Hospitality worth $11.4 billion and the next is XPEL Inc worth $10.3 billion, with 191,533 shares owned.

Currently, Cowbird Capital L.P.'s portfolio is worth at least $103 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 Cowbird Capital L.P.

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

Recent trades

In the most recent 13F filing, Cowbird Capital L.P. revealed that it had opened a new position in Liberty Media and bought 190,622 shares worth $12.5 billion.

On the other hand, there are companies that Cowbird Capital L.P. is getting rid of from its portfolio. Cowbird Capital L.P. closed its position in Driven Brands on 15th May 2024. It sold the previously owned 1,090,498 shares for $29.5 billion. Gary Tynes also disclosed a decreased stake in Progyny Inc by 0.5%. This leaves the value of the investment at $13.8 billion and 361,272 shares.

One of the smallest hedge funds

The two most similar investment funds to Cowbird Capital L.P. are Hfg Advisors and Josh Arnold Investment Consultant. They manage $103 billion and $103 billion respectively.

Gary Tynes investment strategy

Cowbird Capital L.P.’s portfolio is diversified across 7 sectors. Currently, their heaviest sector is Industrials — making up 17.2% of the total portfolio value. The fund focuses on investments in the United States as 50.0% 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 17% of the total holdings value. On the other hand, small-cap stocks make up only 8.3% of the portfolio. The average market cap of the portfolio companies is close to $10.7 billion.

The complete list of Cowbird Capital L.P. trades based on 13F SEC filings

These positions were updated on May 15th 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
Driven Brands Holdings Inc.	Closed 1,090,498	$29,508,876,000
Global E Online Ltd	Closed 678,117	$27,762,110,000
Palo Alto Networks Inc	Closed 99,340	$25,382,363,000
Liberty Media Corp.	Closed 333,564	$25,110,698,000
Super Micro Computer Inc	Closed 92,913	$23,158,565,000
Toast, Inc.	Closed 895,523	$20,211,954,000
Progyny Inc	48.48% 361,272	$13,782,527,000	13.40%
Liberty Media Corp.	Opened 190,622	$12,504,803,000	12.15%
Target Hospitality Corp.	48.20% 1,047,483	$11,386,140,000	11.07%
XPEL Inc	54.73% 191,533	$10,346,613,000	10.06%
Grindr Inc	Opened 1,007,312	$10,204,071,000	9.92%
Digitalbridge Group Inc	Opened 525,916	$10,134,401,000	9.85%
Snowflake Inc.	Opened 50,000	$8,080,000,000	7.85%
Celsius Holdings Inc	Opened 95,209	$7,894,730,000	7.67%
Hudson Technologies, Inc.	Opened 573,067	$6,309,468,000	6.13%
Modine Mfg Co	Opened 61,721	$5,875,222,000	5.71%
Ishares Bitcoin Tr	Opened 138,974	$5,624,278,000	5.47%
Reddit Inc	Opened 15,000	$739,800,000	0.72%
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